Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.00%.
YIELD ON COST (YOC)
3.00%
CMS now pays $2.22 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(2016-08-01) | $45.15 | 4.92% |
| 5 years ago(2021-07-28) | $62.26 | 3.57% |
| 3 years ago(2023-07-31) | $61.07 | 3.64% |
| 1 year ago(2025-07-23) | $72.89 | 3.05% |
| Buying today(at $74.37) | $74.37 | 3.00% |
Projection: starting from today's 3.00% yield, assuming the dividend keeps compounding at its historical 5.9% rate. Boards set dividends each year, so actual figures will differ.
Today
3.00%
In 3 years
3.74%
In 5 years
4.33%
In 10 years
6.25%
Try your own purchase price, dividend and growth rate for CMS Energy Corporation (CMS).
Starting Yield
2.99%
Ending YOC
7.04%
Year 15 Dividend
$5.24
Cum. Dividends Recd.
$54.26
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.22 | N/A | 2.99% | $0.00 |
| Year 1 | $2.35 | +5.89% | 3.16% | $2.35 |
| Year 2 | $2.49 | +5.89% | 3.35% | $4.84 |
| Year 3 | $2.64 | +5.89% | 3.54% | $7.48 |
| Year 4 | $2.79 | +5.89% | 3.75% | $10.27 |
| Year 5 | $2.96 | +5.89% | 3.97% | $13.22 |
| Year 6 | $3.13 | +5.89% | 4.21% | $16.35 |
| Year 7 | $3.31 | +5.89% | 4.46% | $19.67 |
| Year 8 | $3.51 | +5.89% | 4.72% | $23.17 |
| Year 9 | $3.72 | +5.89% | 5.00% | $26.89 |
| Year 10 | $3.93 | +5.89% | 5.29% | $30.83 |
| Year 11 | $4.17 | +5.89% | 5.60% | $34.99 |
| Year 12 | $4.41 | +5.89% | 5.93% | $39.40 |
| Year 13 | $4.67 | +5.89% | 6.28% | $44.08 |
| Year 14 | $4.95 | +5.89% | 6.65% | $49.02 |
| Year 15 | $5.24 | +5.89% | 7.04% | $54.26 |
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
