Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 4.52%.
YIELD ON COST (YOC)
4.52%
MAA now pays $6.11 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) | $104.24 | 5.86% |
| 5 years ago(2021-08-10) | $185.14 | 3.30% |
| 3 years ago(2023-08-11) | $144.27 | 4.24% |
| 1 year ago(2025-08-05) | $141.80 | 4.31% |
| Buying today(at $134.96) | $134.96 | 4.52% |
Projection: starting from today's 4.52% yield, assuming the dividend keeps compounding at its historical 8.7% rate. Boards set dividends each year, so actual figures will differ.
Today
4.52%
In 3 years
6.69%
In 5 years
8.68%
In 10 years
16.64%
Try your own purchase price, dividend and growth rate for Mid-America Apartment Communities, Inc. (MAA).
Starting Yield
4.53%
Ending YOC
15.74%
Year 15 Dividend
$21.24
Cum. Dividends Recd.
$189.80
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $6.11 | N/A | 4.53% | $0.00 |
| Year 1 | $6.64 | +8.66% | 4.92% | $6.64 |
| Year 2 | $7.21 | +8.66% | 5.35% | $13.85 |
| Year 3 | $7.84 | +8.66% | 5.81% | $21.69 |
| Year 4 | $8.52 | +8.66% | 6.31% | $30.21 |
| Year 5 | $9.26 | +8.66% | 6.86% | $39.46 |
| Year 6 | $10.06 | +8.66% | 7.45% | $49.52 |
| Year 7 | $10.93 | +8.66% | 8.10% | $60.45 |
| Year 8 | $11.87 | +8.66% | 8.80% | $72.32 |
| Year 9 | $12.90 | +8.66% | 9.56% | $85.23 |
| Year 10 | $14.02 | +8.66% | 10.39% | $99.25 |
| Year 11 | $15.23 | +8.66% | 11.29% | $114.48 |
| Year 12 | $16.55 | +8.66% | 12.27% | $131.03 |
| Year 13 | $17.99 | +8.66% | 13.33% | $149.02 |
| Year 14 | $19.54 | +8.66% | 14.48% | $168.56 |
| Year 15 | $21.24 | +8.66% | 15.74% | $189.80 |
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
