Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 6.24%.
YIELD ON COST (YOC)
6.24%
ET now pays $1.35 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(2016-09-12) | $18.00 | 7.50% |
| 5 years ago(2021-09-14) | $9.30 | 14.52% |
| 3 years ago(2023-09-07) | $13.70 | 9.85% |
| 1 year ago(2025-09-11) | $17.49 | 7.72% |
| Buying today(at $20.40) | $20.40 | 6.24% |
Projection: starting from today's 6.24% yield, assuming the dividend keeps compounding at 21.2% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
6.24%
In 3 years
11.10%
In 5 years
16.30%
In 10 years
42.59%
Try your own purchase price, dividend and growth rate for Energy Transfer LP (ET).
Starting Yield
6.62%
Ending YOC
12.37%
Year 15 Dividend
$2.52
Cum. Dividends Recd.
$28.73
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.35 | N/A | 6.62% | $0.00 |
| Year 1 | $1.41 | +4.26% | 6.90% | $1.41 |
| Year 2 | $1.47 | +4.26% | 7.19% | $2.87 |
| Year 3 | $1.53 | +4.26% | 7.50% | $4.40 |
| Year 4 | $1.60 | +4.26% | 7.82% | $6.00 |
| Year 5 | $1.66 | +4.26% | 8.15% | $7.66 |
| Year 6 | $1.73 | +4.26% | 8.50% | $9.40 |
| Year 7 | $1.81 | +4.26% | 8.86% | $11.21 |
| Year 8 | $1.88 | +4.26% | 9.24% | $13.09 |
| Year 9 | $1.97 | +4.26% | 9.63% | $15.06 |
| Year 10 | $2.05 | +4.26% | 10.04% | $17.10 |
| Year 11 | $2.14 | +4.26% | 10.47% | $19.24 |
| Year 12 | $2.23 | +4.26% | 10.92% | $21.47 |
| Year 13 | $2.32 | +4.26% | 11.38% | $23.79 |
| Year 14 | $2.42 | +4.26% | 11.87% | $26.21 |
| Year 15 | $2.52 | +4.26% | 12.37% | $28.73 |
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
