Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.48%.
YIELD ON COST (YOC)
3.48%
HFWA now pays $0.97 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(2016-09-30) | $17.95 | 5.40% |
| 5 years ago(2021-10-08) | $25.64 | 3.78% |
| 3 years ago(2023-09-29) | $16.31 | 5.95% |
| 1 year ago(2025-10-03) | $24.34 | 3.99% |
| Buying today(at $27.90) | $27.90 | 3.48% |
Projection: starting from today's 3.48% yield, assuming the dividend keeps compounding at 4.3% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.48%
In 3 years
3.95%
In 5 years
4.30%
In 10 years
5.32%
Try your own purchase price, dividend and growth rate for Heritage Financial Corporation (HFWA).
Starting Yield
3.48%
Ending YOC
6.00%
Year 15 Dividend
$1.68
Cum. Dividends Recd.
$19.71
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.97 | N/A | 3.48% | $0.00 |
| Year 1 | $1.01 | +3.71% | 3.61% | $1.01 |
| Year 2 | $1.04 | +3.71% | 3.74% | $2.05 |
| Year 3 | $1.08 | +3.71% | 3.88% | $3.13 |
| Year 4 | $1.12 | +3.71% | 4.02% | $4.25 |
| Year 5 | $1.16 | +3.71% | 4.17% | $5.42 |
| Year 6 | $1.21 | +3.71% | 4.33% | $6.62 |
| Year 7 | $1.25 | +3.71% | 4.49% | $7.88 |
| Year 8 | $1.30 | +3.71% | 4.65% | $9.17 |
| Year 9 | $1.35 | +3.71% | 4.83% | $10.52 |
| Year 10 | $1.40 | +3.71% | 5.00% | $11.92 |
| Year 11 | $1.45 | +3.71% | 5.19% | $13.36 |
| Year 12 | $1.50 | +3.71% | 5.38% | $14.87 |
| Year 13 | $1.56 | +3.71% | 5.58% | $16.42 |
| Year 14 | $1.62 | +3.71% | 5.79% | $18.04 |
| Year 15 | $1.68 | +3.71% | 6.00% | $19.71 |
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
