Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.75%.
YIELD ON COST (YOC)
2.75%
CVS now pays $2.66 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(2016-08-30) | $92.79 | 2.87% |
| 5 years ago(2021-09-08) | $86.22 | 3.09% |
| 3 years ago(2023-08-29) | $67.13 | 3.96% |
| 1 year ago(2025-09-03) | $73.32 | 3.63% |
| Buying today(at $96.07) | $96.07 | 2.75% |
Projection: starting from today's 2.75% yield, assuming the dividend keeps compounding at 7.4% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.75%
In 3 years
3.41%
In 5 years
3.93%
In 10 years
5.61%
Try your own purchase price, dividend and growth rate for CVS Health Corp. (CVS).
Starting Yield
2.77%
Ending YOC
6.51%
Year 15 Dividend
$6.26
Cum. Dividends Recd.
$64.90
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.66 | N/A | 2.77% | $0.00 |
| Year 1 | $2.82 | +5.87% | 2.93% | $2.82 |
| Year 2 | $2.98 | +5.87% | 3.10% | $5.80 |
| Year 3 | $3.16 | +5.87% | 3.29% | $8.95 |
| Year 4 | $3.34 | +5.87% | 3.48% | $12.30 |
| Year 5 | $3.54 | +5.87% | 3.68% | $15.83 |
| Year 6 | $3.75 | +5.87% | 3.90% | $19.58 |
| Year 7 | $3.97 | +5.87% | 4.13% | $23.54 |
| Year 8 | $4.20 | +5.87% | 4.37% | $27.74 |
| Year 9 | $4.44 | +5.87% | 4.63% | $32.19 |
| Year 10 | $4.71 | +5.87% | 4.90% | $36.89 |
| Year 11 | $4.98 | +5.87% | 5.19% | $41.87 |
| Year 12 | $5.27 | +5.87% | 5.49% | $47.15 |
| Year 13 | $5.58 | +5.87% | 5.81% | $52.73 |
| Year 14 | $5.91 | +5.87% | 6.15% | $58.64 |
| Year 15 | $6.26 | +5.87% | 6.51% | $64.90 |
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
