Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.55%.
YIELD ON COST (YOC)
3.55%
ESS now pays $10.32 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(2016-07-26) | $222.73 | 4.63% |
| 5 years ago(2021-07-22) | $327.51 | 3.15% |
| 3 years ago(2023-07-25) | $239.77 | 4.30% |
| 1 year ago(2025-07-29) | $290.67 | 3.55% |
| Buying today(at $294.52) | $294.52 | 3.55% |
Projection: starting from today's 3.55% yield, assuming the dividend keeps compounding at its historical 4.4% rate. Boards set dividends each year, so actual figures will differ.
Today
3.55%
In 3 years
4.32%
In 5 years
4.93%
In 10 years
6.83%
Try your own purchase price, dividend and growth rate for Essex Property Trust, Inc. (ESS).
Starting Yield
3.50%
Ending YOC
6.70%
Year 15 Dividend
$19.74
Cum. Dividends Recd.
$222.64
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $10.32 | N/A | 3.50% | $0.00 |
| Year 1 | $10.78 | +4.42% | 3.66% | $10.78 |
| Year 2 | $11.25 | +4.42% | 3.82% | $22.03 |
| Year 3 | $11.75 | +4.42% | 3.99% | $33.78 |
| Year 4 | $12.27 | +4.42% | 4.17% | $46.05 |
| Year 5 | $12.81 | +4.42% | 4.35% | $58.86 |
| Year 6 | $13.38 | +4.42% | 4.54% | $72.24 |
| Year 7 | $13.97 | +4.42% | 4.74% | $86.21 |
| Year 8 | $14.59 | +4.42% | 4.95% | $100.79 |
| Year 9 | $15.23 | +4.42% | 5.17% | $116.02 |
| Year 10 | $15.90 | +4.42% | 5.40% | $131.93 |
| Year 11 | $16.61 | +4.42% | 5.64% | $148.54 |
| Year 12 | $17.34 | +4.42% | 5.89% | $165.88 |
| Year 13 | $18.11 | +4.42% | 6.15% | $183.98 |
| Year 14 | $18.91 | +4.42% | 6.42% | $202.89 |
| Year 15 | $19.74 | +4.42% | 6.70% | $222.64 |
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
