Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.32%.
YIELD ON COST (YOC)
2.32%
DVN now pays $1.04 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(2016-08-10) | $39.57 | 2.63% |
| 5 years ago(2021-08-06) | $27.01 | 3.85% |
| 3 years ago(2023-08-09) | $51.19 | 2.03% |
| 1 year ago(2025-08-13) | $33.62 | 3.09% |
| Buying today(at $44.40) | $44.40 | 2.32% |
Projection: starting from today's 2.32% yield, assuming the dividend keeps compounding at its historical 7.1% rate. Boards set dividends each year, so actual figures will differ.
Today
2.32%
In 3 years
1.13%
In 5 years
0.70%
In 10 years
0.21%
Try your own purchase price, dividend and growth rate for Devon Energy Corporation (DVN).
Starting Yield
2.34%
Ending YOC
6.59%
Year 15 Dividend
$2.93
Cum. Dividends Recd.
$28.30
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.04 | N/A | 2.34% | $0.00 |
| Year 1 | $1.11 | +7.14% | 2.51% | $1.11 |
| Year 2 | $1.19 | +7.14% | 2.69% | $2.31 |
| Year 3 | $1.28 | +7.14% | 2.88% | $3.59 |
| Year 4 | $1.37 | +7.14% | 3.09% | $4.96 |
| Year 5 | $1.47 | +7.14% | 3.31% | $6.43 |
| Year 6 | $1.57 | +7.14% | 3.54% | $8.00 |
| Year 7 | $1.69 | +7.14% | 3.80% | $9.68 |
| Year 8 | $1.81 | +7.14% | 4.07% | $11.49 |
| Year 9 | $1.93 | +7.14% | 4.36% | $13.42 |
| Year 10 | $2.07 | +7.14% | 4.67% | $15.50 |
| Year 11 | $2.22 | +7.14% | 5.00% | $17.72 |
| Year 12 | $2.38 | +7.14% | 5.36% | $20.10 |
| Year 13 | $2.55 | +7.14% | 5.74% | $22.65 |
| Year 14 | $2.73 | +7.14% | 6.15% | $25.38 |
| Year 15 | $2.93 | +7.14% | 6.59% | $28.30 |
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
