Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.48%.
YIELD ON COST (YOC)
2.48%
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(2016-09-12) | $88.14 | 7.53% |
| 5 years ago(2021-09-08) | $205.13 | 3.24% |
| 3 years ago(2023-09-11) | $248.20 | 2.68% |
| 1 year ago(2025-09-03) | $298.86 | 2.22% |
| Buying today(at $267.54) | $267.54 | 2.48% |
Projection: starting from today's 2.48% yield, assuming the dividend keeps compounding at 13.3% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.48%
In 3 years
3.61%
In 5 years
4.63%
In 10 years
8.67%
Try your own purchase price, dividend and growth rate for Automatic Data Processing, Inc. (ADP).
Starting Yield
2.48%
Ending YOC
12.79%
Year 15 Dividend
$34.21
Cum. Dividends Recd.
$266.32
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $6.64 | N/A | 2.48% | $0.00 |
| Year 1 | $7.41 | +11.55% | 2.77% | $7.41 |
| Year 2 | $8.26 | +11.55% | 3.09% | $15.67 |
| Year 3 | $9.22 | +11.55% | 3.44% | $24.89 |
| Year 4 | $10.28 | +11.55% | 3.84% | $35.17 |
| Year 5 | $11.47 | +11.55% | 4.29% | $46.64 |
| Year 6 | $12.79 | +11.55% | 4.78% | $59.43 |
| Year 7 | $14.27 | +11.55% | 5.33% | $73.70 |
| Year 8 | $15.92 | +11.55% | 5.95% | $89.62 |
| Year 9 | $17.76 | +11.55% | 6.64% | $107.38 |
| Year 10 | $19.81 | +11.55% | 7.40% | $127.19 |
| Year 11 | $22.10 | +11.55% | 8.26% | $149.28 |
| Year 12 | $24.65 | +11.55% | 9.21% | $173.93 |
| Year 13 | $27.50 | +11.55% | 10.28% | $201.43 |
| Year 14 | $30.67 | +11.55% | 11.46% | $232.10 |
| Year 15 | $34.21 | +11.55% | 12.79% | $266.32 |
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
