Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 5.50%.
YIELD ON COST (YOC)
5.50%
HRL now pays $1.17 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(2016-09-12) | $36.49 | 3.21% |
| 5 years ago(2021-09-08) | $42.60 | 2.75% |
| 3 years ago(2023-09-11) | $37.36 | 3.13% |
| 1 year ago(2025-09-03) | $25.35 | 4.62% |
| Buying today(at $21.07) | $21.07 | 5.50% |
Projection: starting from today's 5.50% yield, assuming the dividend keeps compounding at 4.4% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
5.50%
In 3 years
6.25%
In 5 years
6.80%
In 10 years
8.39%
Try your own purchase price, dividend and growth rate for Hormel Foods Corporation (HRL).
Starting Yield
5.55%
Ending YOC
10.77%
Year 15 Dividend
$2.27
Cum. Dividends Recd.
$25.45
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.17 | N/A | 5.55% | $0.00 |
| Year 1 | $1.22 | +4.52% | 5.80% | $1.22 |
| Year 2 | $1.28 | +4.52% | 6.06% | $2.50 |
| Year 3 | $1.34 | +4.52% | 6.34% | $3.84 |
| Year 4 | $1.40 | +4.52% | 6.63% | $5.23 |
| Year 5 | $1.46 | +4.52% | 6.92% | $6.69 |
| Year 6 | $1.53 | +4.52% | 7.24% | $8.22 |
| Year 7 | $1.59 | +4.52% | 7.57% | $9.81 |
| Year 8 | $1.67 | +4.52% | 7.91% | $11.48 |
| Year 9 | $1.74 | +4.52% | 8.26% | $13.22 |
| Year 10 | $1.82 | +4.52% | 8.64% | $15.04 |
| Year 11 | $1.90 | +4.52% | 9.03% | $16.94 |
| Year 12 | $1.99 | +4.52% | 9.44% | $18.93 |
| Year 13 | $2.08 | +4.52% | 9.86% | $21.01 |
| Year 14 | $2.17 | +4.52% | 10.31% | $23.18 |
| Year 15 | $2.27 | +4.52% | 10.77% | $25.45 |
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
