Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.33%.
YIELD ON COST (YOC)
3.33%
CMS now pays $2.25 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) | $42.84 | 5.25% |
| 5 years ago(2021-09-15) | $62.80 | 3.58% |
| 3 years ago(2023-09-06) | $54.93 | 4.10% |
| 1 year ago(2025-09-10) | $71.22 | 3.16% |
| Buying today(at $67.15) | $67.15 | 3.33% |
Projection: starting from today's 3.33% yield, assuming the dividend keeps compounding at 5.7% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.33%
In 3 years
3.93%
In 5 years
4.39%
In 10 years
5.78%
Try your own purchase price, dividend and growth rate for CMS Energy Corporation (CMS).
Starting Yield
3.35%
Ending YOC
7.91%
Year 15 Dividend
$5.31
Cum. Dividends Recd.
$54.99
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.25 | N/A | 3.35% | $0.00 |
| Year 1 | $2.38 | +5.89% | 3.55% | $2.38 |
| Year 2 | $2.52 | +5.89% | 3.76% | $4.91 |
| Year 3 | $2.67 | +5.89% | 3.98% | $7.58 |
| Year 4 | $2.83 | +5.89% | 4.21% | $10.41 |
| Year 5 | $3.00 | +5.89% | 4.46% | $13.40 |
| Year 6 | $3.17 | +5.89% | 4.72% | $16.57 |
| Year 7 | $3.36 | +5.89% | 5.00% | $19.93 |
| Year 8 | $3.56 | +5.89% | 5.30% | $23.49 |
| Year 9 | $3.77 | +5.89% | 5.61% | $27.25 |
| Year 10 | $3.99 | +5.89% | 5.94% | $31.24 |
| Year 11 | $4.22 | +5.89% | 6.29% | $35.46 |
| Year 12 | $4.47 | +5.89% | 6.66% | $39.94 |
| Year 13 | $4.73 | +5.89% | 7.05% | $44.67 |
| Year 14 | $5.01 | +5.89% | 7.47% | $49.68 |
| Year 15 | $5.31 | +5.89% | 7.91% | $54.99 |
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
