Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 7.42%.
YIELD ON COST (YOC)
7.42%
FRMEP now pays $1.88 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 |
|---|---|---|
| 5 years ago(2021-10-04) | $27.70 | 6.79% |
| 3 years ago(2023-10-05) | $23.26 | 8.08% |
| 1 year ago(2025-10-03) | $25.80 | 7.29% |
| Buying today(at $25.31) | $25.31 | 7.42% |
Projection: starting from today's 7.42% yield, assuming the dividend keeps compounding at 0.0% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
7.42%
In 3 years
7.42%
In 5 years
7.42%
In 10 years
7.42%
Try your own purchase price, dividend and growth rate for First Merchants Corporation (FRMEP).
Starting Yield
7.43%
Ending YOC
445.46%
Year 15 Dividend
$112.74
Cum. Dividends Recd.
$464.16
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.88 | N/A | 7.43% | $0.00 |
| Year 1 | $2.47 | +31.38% | 9.76% | $2.47 |
| Year 2 | $3.25 | +31.38% | 12.82% | $5.71 |
| Year 3 | $4.26 | +31.38% | 16.84% | $9.98 |
| Year 4 | $5.60 | +31.38% | 22.13% | $15.58 |
| Year 5 | $7.36 | +31.38% | 29.07% | $22.94 |
| Year 6 | $9.67 | +31.38% | 38.20% | $32.61 |
| Year 7 | $12.70 | +31.38% | 50.18% | $45.31 |
| Year 8 | $16.69 | +31.38% | 65.93% | $62.00 |
| Year 9 | $21.92 | +31.38% | 86.62% | $83.92 |
| Year 10 | $28.80 | +31.38% | 113.80% | $112.72 |
| Year 11 | $37.84 | +31.38% | 149.52% | $150.57 |
| Year 12 | $49.72 | +31.38% | 196.43% | $200.28 |
| Year 13 | $65.32 | +31.38% | 258.08% | $265.60 |
| Year 14 | $85.82 | +31.38% | 339.06% | $351.42 |
| Year 15 | $112.74 | +31.38% | 445.46% | $464.16 |
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
