Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.39%.
YIELD ON COST (YOC)
3.39%
M now pays $0.75 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(2016-09-06) | $36.15 | 2.07% |
| 5 years ago(2021-09-14) | $20.92 | 3.59% |
| 3 years ago(2023-09-15) | $11.14 | 6.73% |
| 1 year ago(2025-09-09) | $17.21 | 4.36% |
| Buying today(at $22.19) | $22.19 | 3.39% |
Projection: starting from today's 3.39% yield, assuming the dividend keeps compounding at 48.0% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.39%
In 3 years
10.99%
In 5 years
24.10%
In 10 years
171.49%
Try your own purchase price, dividend and growth rate for Macy's, Inc. (M).
Starting Yield
3.38%
Ending YOC
2.94%
Year 15 Dividend
$0.65
Cum. Dividends Recd.
$10.46
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.75 | N/A | 3.38% | $0.00 |
| Year 1 | $0.74 | -0.92% | 3.35% | $0.74 |
| Year 2 | $0.74 | -0.92% | 3.32% | $1.48 |
| Year 3 | $0.73 | -0.92% | 3.29% | $2.21 |
| Year 4 | $0.72 | -0.92% | 3.26% | $2.93 |
| Year 5 | $0.72 | -0.92% | 3.23% | $3.65 |
| Year 6 | $0.71 | -0.92% | 3.20% | $4.36 |
| Year 7 | $0.70 | -0.92% | 3.17% | $5.06 |
| Year 8 | $0.70 | -0.92% | 3.14% | $5.76 |
| Year 9 | $0.69 | -0.92% | 3.11% | $6.45 |
| Year 10 | $0.68 | -0.92% | 3.08% | $7.13 |
| Year 11 | $0.68 | -0.92% | 3.05% | $7.81 |
| Year 12 | $0.67 | -0.92% | 3.03% | $8.48 |
| Year 13 | $0.67 | -0.92% | 3.00% | $9.14 |
| Year 14 | $0.66 | -0.92% | 2.97% | $9.80 |
| Year 15 | $0.65 | -0.92% | 2.94% | $10.46 |
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
