Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.75%.
YIELD ON COST (YOC)
3.75%
ARES now pays $4.94 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(2016-09-13) | $18.75 | 26.35% |
| 5 years ago(2021-09-09) | $79.75 | 6.19% |
| 3 years ago(2023-09-12) | $105.62 | 4.68% |
| 1 year ago(2025-09-10) | $178.93 | 2.76% |
| Buying today(at $127.98) | $127.98 | 3.75% |
Projection: starting from today's 3.75% yield, assuming the dividend keeps compounding at 24.3% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.75%
In 3 years
7.20%
In 5 years
11.11%
In 10 years
32.90%
Try your own purchase price, dividend and growth rate for Ares Management Corporation (ARES).
Starting Yield
3.86%
Ending YOC
84.78%
Year 15 Dividend
$108.50
Cum. Dividends Recd.
$556.36
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $4.94 | N/A | 3.86% | $0.00 |
| Year 1 | $6.07 | +22.87% | 4.74% | $6.07 |
| Year 2 | $7.46 | +22.87% | 5.83% | $13.53 |
| Year 3 | $9.16 | +22.87% | 7.16% | $22.69 |
| Year 4 | $11.26 | +22.87% | 8.80% | $33.95 |
| Year 5 | $13.83 | +22.87% | 10.81% | $47.78 |
| Year 6 | $17.00 | +22.87% | 13.28% | $64.78 |
| Year 7 | $20.89 | +22.87% | 16.32% | $85.67 |
| Year 8 | $25.66 | +22.87% | 20.05% | $111.33 |
| Year 9 | $31.53 | +22.87% | 24.64% | $142.86 |
| Year 10 | $38.74 | +22.87% | 30.27% | $181.60 |
| Year 11 | $47.60 | +22.87% | 37.20% | $229.21 |
| Year 12 | $58.49 | +22.87% | 45.70% | $287.70 |
| Year 13 | $71.87 | +22.87% | 56.15% | $359.56 |
| Year 14 | $88.30 | +22.87% | 69.00% | $447.86 |
| Year 15 | $108.50 | +22.87% | 84.78% | $556.36 |
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
