Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.33%.
YIELD ON COST (YOC)
3.33%
HBNC now pays $0.64 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) | $12.84 | 4.98% |
| 5 years ago(2021-10-06) | $18.41 | 3.48% |
| 3 years ago(2023-10-09) | $10.45 | 6.12% |
| 1 year ago(2025-10-02) | $15.95 | 4.01% |
| Buying today(at $19.44) | $19.44 | 3.33% |
Projection: starting from today's 3.33% yield, assuming the dividend keeps compounding at 4.8% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.33%
In 3 years
3.83%
In 5 years
4.21%
In 10 years
5.33%
Try your own purchase price, dividend and growth rate for Horizon Bancorp, Inc. (HBNC).
Starting Yield
3.29%
Ending YOC
7.80%
Year 15 Dividend
$1.52
Cum. Dividends Recd.
$15.68
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.64 | N/A | 3.29% | $0.00 |
| Year 1 | $0.68 | +5.92% | 3.49% | $0.68 |
| Year 2 | $0.72 | +5.92% | 3.69% | $1.40 |
| Year 3 | $0.76 | +5.92% | 3.91% | $2.16 |
| Year 4 | $0.81 | +5.92% | 4.14% | $2.96 |
| Year 5 | $0.85 | +5.92% | 4.39% | $3.82 |
| Year 6 | $0.90 | +5.92% | 4.65% | $4.72 |
| Year 7 | $0.96 | +5.92% | 4.92% | $5.68 |
| Year 8 | $1.01 | +5.92% | 5.22% | $6.69 |
| Year 9 | $1.07 | +5.92% | 5.52% | $7.76 |
| Year 10 | $1.14 | +5.92% | 5.85% | $8.90 |
| Year 11 | $1.20 | +5.92% | 6.20% | $10.11 |
| Year 12 | $1.28 | +5.92% | 6.56% | $11.38 |
| Year 13 | $1.35 | +5.92% | 6.95% | $12.73 |
| Year 14 | $1.43 | +5.92% | 7.37% | $14.17 |
| Year 15 | $1.52 | +5.92% | 7.80% | $15.68 |
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
