Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.42%.
YIELD ON COST (YOC)
2.42%
APD now pays $7.20 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) | $139.21 | 5.17% |
| 5 years ago(2021-09-08) | $267.73 | 2.69% |
| 3 years ago(2023-09-11) | $302.80 | 2.38% |
| 1 year ago(2025-09-03) | $291.28 | 2.47% |
| Buying today(at $297.71) | $297.71 | 2.42% |
Projection: starting from today's 2.42% yield, assuming the dividend keeps compounding at 4.5% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.42%
In 3 years
2.76%
In 5 years
3.01%
In 10 years
3.74%
Try your own purchase price, dividend and growth rate for Air Products and Chemicals, Inc. (APD).
Starting Yield
2.42%
Ending YOC
5.71%
Year 15 Dividend
$17.01
Cum. Dividends Recd.
$176.13
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $7.20 | N/A | 2.42% | $0.00 |
| Year 1 | $7.62 | +5.90% | 2.56% | $7.62 |
| Year 2 | $8.07 | +5.90% | 2.71% | $15.70 |
| Year 3 | $8.55 | +5.90% | 2.87% | $24.25 |
| Year 4 | $9.06 | +5.90% | 3.04% | $33.31 |
| Year 5 | $9.59 | +5.90% | 3.22% | $42.90 |
| Year 6 | $10.16 | +5.90% | 3.41% | $53.05 |
| Year 7 | $10.75 | +5.90% | 3.61% | $63.81 |
| Year 8 | $11.39 | +5.90% | 3.83% | $75.20 |
| Year 9 | $12.06 | +5.90% | 4.05% | $87.26 |
| Year 10 | $12.77 | +5.90% | 4.29% | $100.03 |
| Year 11 | $13.53 | +5.90% | 4.54% | $113.56 |
| Year 12 | $14.32 | +5.90% | 4.81% | $127.88 |
| Year 13 | $15.17 | +5.90% | 5.10% | $143.05 |
| Year 14 | $16.06 | +5.90% | 5.40% | $159.12 |
| Year 15 | $17.01 | +5.90% | 5.71% | $176.13 |
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
