Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.72%.
YIELD ON COST (YOC)
3.72%
AVB now pays $7.06 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) | $184.24 | 3.83% |
| 5 years ago(2021-07-27) | $228.28 | 3.09% |
| 3 years ago(2023-07-28) | $186.13 | 3.79% |
| 1 year ago(2025-07-22) | $204.51 | 3.45% |
| Buying today(at $187.56) | $187.56 | 3.72% |
Projection: starting from today's 3.72% yield, assuming the dividend keeps compounding at its historical 2.0% rate. Boards set dividends each year, so actual figures will differ.
Today
3.72%
In 3 years
4.07%
In 5 years
4.32%
In 10 years
5.00%
Try your own purchase price, dividend and growth rate for AvalonBay Communities, Inc. (AVB).
Starting Yield
3.76%
Ending YOC
5.08%
Year 15 Dividend
$9.53
Cum. Dividends Recd.
$124.74
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $7.06 | N/A | 3.76% | $0.00 |
| Year 1 | $7.20 | +2.02% | 3.84% | $7.20 |
| Year 2 | $7.35 | +2.02% | 3.92% | $14.55 |
| Year 3 | $7.50 | +2.02% | 4.00% | $22.05 |
| Year 4 | $7.65 | +2.02% | 4.08% | $29.70 |
| Year 5 | $7.80 | +2.02% | 4.16% | $37.50 |
| Year 6 | $7.96 | +2.02% | 4.24% | $45.46 |
| Year 7 | $8.12 | +2.02% | 4.33% | $53.58 |
| Year 8 | $8.28 | +2.02% | 4.42% | $61.86 |
| Year 9 | $8.45 | +2.02% | 4.51% | $70.32 |
| Year 10 | $8.62 | +2.02% | 4.60% | $78.94 |
| Year 11 | $8.80 | +2.02% | 4.69% | $87.74 |
| Year 12 | $8.97 | +2.02% | 4.79% | $96.71 |
| Year 13 | $9.16 | +2.02% | 4.88% | $105.87 |
| Year 14 | $9.34 | +2.02% | 4.98% | $115.21 |
| Year 15 | $9.53 | +2.02% | 5.08% | $124.74 |
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
