Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.66%.
YIELD ON COST (YOC)
2.66%
ADP now pays $6.64 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 10 years ago(2016-07-19) | $95.02 | 6.99% |
| 5 years ago(2021-07-27) | $207.89 | 3.19% |
| 3 years ago(2023-07-28) | $250.61 | 2.65% |
| 1 year ago(2025-07-22) | $302.98 | 2.19% |
| Buying today(at $250.09) | $250.09 | 2.66% |
Projection: starting from today's 2.66% yield, assuming the dividend keeps compounding at its historical 11.1% rate. Boards set dividends each year, so actual figures will differ.
Today
2.66%
In 3 years
4.40%
In 5 years
6.15%
In 10 years
14.26%
Try your own purchase price, dividend and growth rate for Automatic Data Processing, Inc. (ADP).
Starting Yield
2.66%
Ending YOC
12.88%
Year 15 Dividend
$32.20
Cum. Dividends Recd.
$255.85
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $6.64 | N/A | 2.66% | $0.00 |
| Year 1 | $7.38 | +11.10% | 2.95% | $7.38 |
| Year 2 | $8.20 | +11.10% | 3.28% | $15.57 |
| Year 3 | $9.11 | +11.10% | 3.64% | $24.68 |
| Year 4 | $10.12 | +11.10% | 4.05% | $34.79 |
| Year 5 | $11.24 | +11.10% | 4.49% | $46.03 |
| Year 6 | $12.49 | +11.10% | 4.99% | $58.52 |
| Year 7 | $13.87 | +11.10% | 5.55% | $72.39 |
| Year 8 | $15.41 | +11.10% | 6.16% | $87.81 |
| Year 9 | $17.12 | +11.10% | 6.85% | $104.93 |
| Year 10 | $19.02 | +11.10% | 7.61% | $123.95 |
| Year 11 | $21.14 | +11.10% | 8.45% | $145.09 |
| Year 12 | $23.48 | +11.10% | 9.39% | $168.57 |
| Year 13 | $26.09 | +11.10% | 10.43% | $194.66 |
| Year 14 | $28.98 | +11.10% | 11.59% | $223.65 |
| Year 15 | $32.20 | +11.10% | 12.88% | $255.85 |
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
