Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 6.51%.
YIELD ON COST (YOC)
6.51%
FT now pays $0.51 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(2016-08-02) | $6.90 | 7.39% |
| 5 years ago(2021-08-10) | $8.44 | 6.04% |
| 3 years ago(2023-08-11) | $6.92 | 7.37% |
| 1 year ago(2025-08-05) | $7.92 | 6.44% |
| Buying today(at $7.83) | $7.83 | 6.51% |
Projection: starting from today's 6.51% yield, assuming the dividend keeps compounding at its historical 5.8% rate. Boards set dividends each year, so actual figures will differ.
Today
6.51%
In 3 years
6.51%
In 5 years
6.50%
In 10 years
6.49%
Try your own purchase price, dividend and growth rate for Franklin Universal Trust (FT).
Starting Yield
6.51%
Ending YOC
15.26%
Year 15 Dividend
$1.19
Cum. Dividends Recd.
$12.41
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.51 | N/A | 6.51% | $0.00 |
| Year 1 | $0.54 | +5.84% | 6.89% | $0.54 |
| Year 2 | $0.57 | +5.84% | 7.30% | $1.11 |
| Year 3 | $0.60 | +5.84% | 7.72% | $1.72 |
| Year 4 | $0.64 | +5.84% | 8.17% | $2.36 |
| Year 5 | $0.68 | +5.84% | 8.65% | $3.03 |
| Year 6 | $0.72 | +5.84% | 9.16% | $3.75 |
| Year 7 | $0.76 | +5.84% | 9.69% | $4.51 |
| Year 8 | $0.80 | +5.84% | 10.26% | $5.31 |
| Year 9 | $0.85 | +5.84% | 10.86% | $6.16 |
| Year 10 | $0.90 | +5.84% | 11.49% | $7.06 |
| Year 11 | $0.95 | +5.84% | 12.16% | $8.01 |
| Year 12 | $1.01 | +5.84% | 12.87% | $9.02 |
| Year 13 | $1.07 | +5.84% | 13.62% | $10.09 |
| Year 14 | $1.13 | +5.84% | 14.42% | $11.22 |
| Year 15 | $1.19 | +5.84% | 15.26% | $12.41 |
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
