Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 4.32%.
YIELD ON COST (YOC)
4.32%
EXR now pays $6.48 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(2016-08-08) | $82.29 | 7.87% |
| 5 years ago(2021-08-02) | $175.29 | 3.70% |
| 3 years ago(2023-08-03) | $139.45 | 4.65% |
| 1 year ago(2025-08-07) | $138.29 | 4.69% |
| Buying today(at $150.04) | $150.04 | 4.32% |
Projection: starting from today's 4.32% yield, assuming the dividend keeps compounding at its historical 12.5% rate. Boards set dividends each year, so actual figures will differ.
Today
4.32%
In 3 years
6.23%
In 5 years
7.94%
In 10 years
14.58%
Try your own purchase price, dividend and growth rate for Extra Space Storage Inc. (EXR).
Starting Yield
4.32%
Ending YOC
25.21%
Year 15 Dividend
$37.82
Cum. Dividends Recd.
$282.45
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $6.48 | N/A | 4.32% | $0.00 |
| Year 1 | $7.29 | +12.48% | 4.86% | $7.29 |
| Year 2 | $8.20 | +12.48% | 5.46% | $15.49 |
| Year 3 | $9.22 | +12.48% | 6.15% | $24.71 |
| Year 4 | $10.37 | +12.48% | 6.91% | $35.08 |
| Year 5 | $11.67 | +12.48% | 7.78% | $46.75 |
| Year 6 | $13.12 | +12.48% | 8.75% | $59.87 |
| Year 7 | $14.76 | +12.48% | 9.84% | $74.63 |
| Year 8 | $16.60 | +12.48% | 11.07% | $91.23 |
| Year 9 | $18.67 | +12.48% | 12.45% | $109.91 |
| Year 10 | $21.01 | +12.48% | 14.00% | $130.91 |
| Year 11 | $23.63 | +12.48% | 15.75% | $154.54 |
| Year 12 | $26.58 | +12.48% | 17.71% | $181.12 |
| Year 13 | $29.89 | +12.48% | 19.92% | $211.01 |
| Year 14 | $33.62 | +12.48% | 22.41% | $244.63 |
| Year 15 | $37.82 | +12.48% | 25.21% | $282.45 |
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
