Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.59%.
YIELD ON COST (YOC)
2.59%
FMAO now pays $0.92 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(2016-10-04) | $15.66 | 5.87% |
| 5 years ago(2021-10-06) | $22.80 | 4.04% |
| 3 years ago(2023-10-09) | $17.43 | 5.28% |
| 1 year ago(2025-10-03) | $25.30 | 3.64% |
| Buying today(at $35.34) | $35.34 | 2.59% |
Projection: starting from today's 2.59% yield, assuming the dividend keeps compounding at 6.2% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.59%
In 3 years
3.10%
In 5 years
3.49%
In 10 years
4.69%
Try your own purchase price, dividend and growth rate for Farmers & Merchants Bancorp, Inc. (FMAO).
Starting Yield
2.60%
Ending YOC
6.60%
Year 15 Dividend
$2.33
Cum. Dividends Recd.
$23.49
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.92 | N/A | 2.60% | $0.00 |
| Year 1 | $0.98 | +6.40% | 2.77% | $0.98 |
| Year 2 | $1.04 | +6.40% | 2.95% | $2.02 |
| Year 3 | $1.11 | +6.40% | 3.14% | $3.13 |
| Year 4 | $1.18 | +6.40% | 3.34% | $4.31 |
| Year 5 | $1.25 | +6.40% | 3.55% | $5.56 |
| Year 6 | $1.33 | +6.40% | 3.78% | $6.90 |
| Year 7 | $1.42 | +6.40% | 4.02% | $8.32 |
| Year 8 | $1.51 | +6.40% | 4.28% | $9.83 |
| Year 9 | $1.61 | +6.40% | 4.55% | $11.44 |
| Year 10 | $1.71 | +6.40% | 4.84% | $13.15 |
| Year 11 | $1.82 | +6.40% | 5.15% | $14.97 |
| Year 12 | $1.94 | +6.40% | 5.48% | $16.90 |
| Year 13 | $2.06 | +6.40% | 5.83% | $18.97 |
| Year 14 | $2.19 | +6.40% | 6.20% | $21.16 |
| Year 15 | $2.33 | +6.40% | 6.60% | $23.49 |
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
