Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.89%.
YIELD ON COST (YOC)
3.89%
BEN now pays $1.31 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(2016-09-07) | $36.47 | 3.59% |
| 5 years ago(2021-09-15) | $32.04 | 4.09% |
| 3 years ago(2023-09-06) | $26.11 | 5.02% |
| 1 year ago(2025-09-10) | $24.31 | 5.39% |
| Buying today(at $33.65) | $33.65 | 3.89% |
Projection: starting from today's 3.89% yield, assuming the dividend keeps compounding at 3.4% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.89%
In 3 years
4.30%
In 5 years
4.59%
In 10 years
5.42%
Try your own purchase price, dividend and growth rate for Franklin Resources, Inc. (BEN).
Starting Yield
3.89%
Ending YOC
6.46%
Year 15 Dividend
$2.17
Cum. Dividends Recd.
$26.01
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.31 | N/A | 3.89% | $0.00 |
| Year 1 | $1.35 | +3.43% | 4.03% | $1.35 |
| Year 2 | $1.40 | +3.43% | 4.16% | $2.76 |
| Year 3 | $1.45 | +3.43% | 4.31% | $4.21 |
| Year 4 | $1.50 | +3.43% | 4.46% | $5.71 |
| Year 5 | $1.55 | +3.43% | 4.61% | $7.26 |
| Year 6 | $1.60 | +3.43% | 4.77% | $8.86 |
| Year 7 | $1.66 | +3.43% | 4.93% | $10.52 |
| Year 8 | $1.72 | +3.43% | 5.10% | $12.23 |
| Year 9 | $1.77 | +3.43% | 5.27% | $14.01 |
| Year 10 | $1.84 | +3.43% | 5.45% | $15.84 |
| Year 11 | $1.90 | +3.43% | 5.64% | $17.74 |
| Year 12 | $1.96 | +3.43% | 5.84% | $19.71 |
| Year 13 | $2.03 | +3.43% | 6.04% | $21.74 |
| Year 14 | $2.10 | +3.43% | 6.24% | $23.84 |
| Year 15 | $2.17 | +3.43% | 6.46% | $26.01 |
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
