Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.67%.
YIELD ON COST (YOC)
3.67%
FRME now pays $1.46 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) | $26.60 | 5.49% |
| 5 years ago(2021-09-30) | $41.84 | 3.49% |
| 3 years ago(2023-10-03) | $27.27 | 5.35% |
| 1 year ago(2025-10-07) | $38.05 | 3.84% |
| Buying today(at $40.08) | $40.08 | 3.67% |
Projection: starting from today's 3.67% yield, assuming the dividend keeps compounding at 6.1% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.67%
In 3 years
4.38%
In 5 years
4.93%
In 10 years
6.61%
Try your own purchase price, dividend and growth rate for First Merchants Corporation (FRME).
Starting Yield
3.64%
Ending YOC
9.47%
Year 15 Dividend
$3.80
Cum. Dividends Recd.
$37.86
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.46 | N/A | 3.64% | $0.00 |
| Year 1 | $1.56 | +6.58% | 3.88% | $1.56 |
| Year 2 | $1.66 | +6.58% | 4.14% | $3.21 |
| Year 3 | $1.77 | +6.58% | 4.41% | $4.98 |
| Year 4 | $1.88 | +6.58% | 4.70% | $6.87 |
| Year 5 | $2.01 | +6.58% | 5.01% | $8.87 |
| Year 6 | $2.14 | +6.58% | 5.34% | $11.01 |
| Year 7 | $2.28 | +6.58% | 5.69% | $13.29 |
| Year 8 | $2.43 | +6.58% | 6.07% | $15.73 |
| Year 9 | $2.59 | +6.58% | 6.46% | $18.32 |
| Year 10 | $2.76 | +6.58% | 6.89% | $21.08 |
| Year 11 | $2.94 | +6.58% | 7.34% | $24.02 |
| Year 12 | $3.14 | +6.58% | 7.83% | $27.16 |
| Year 13 | $3.34 | +6.58% | 8.34% | $30.50 |
| Year 14 | $3.56 | +6.58% | 8.89% | $34.06 |
| Year 15 | $3.80 | +6.58% | 9.47% | $37.86 |
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
