Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.03%.
YIELD ON COST (YOC)
3.03%
MDT now pays $2.85 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(2016-08-30) | $86.85 | 3.28% |
| 5 years ago(2021-09-08) | $135.17 | 2.11% |
| 3 years ago(2023-08-29) | $82.08 | 3.47% |
| 1 year ago(2025-09-03) | $92.25 | 3.09% |
| Buying today(at $92.07) | $92.07 | 3.03% |
Projection: starting from today's 3.03% yield, assuming the dividend keeps compounding at 3.4% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.03%
In 3 years
3.35%
In 5 years
3.59%
In 10 years
4.25%
Try your own purchase price, dividend and growth rate for Medtronic plc (MDT).
Starting Yield
3.10%
Ending YOC
5.92%
Year 15 Dividend
$5.45
Cum. Dividends Recd.
$61.48
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.85 | N/A | 3.10% | $0.00 |
| Year 1 | $2.98 | +4.42% | 3.23% | $2.98 |
| Year 2 | $3.11 | +4.42% | 3.38% | $6.08 |
| Year 3 | $3.24 | +4.42% | 3.52% | $9.33 |
| Year 4 | $3.39 | +4.42% | 3.68% | $12.72 |
| Year 5 | $3.54 | +4.42% | 3.84% | $16.25 |
| Year 6 | $3.69 | +4.42% | 4.01% | $19.95 |
| Year 7 | $3.86 | +4.42% | 4.19% | $23.81 |
| Year 8 | $4.03 | +4.42% | 4.38% | $27.84 |
| Year 9 | $4.21 | +4.42% | 4.57% | $32.04 |
| Year 10 | $4.39 | +4.42% | 4.77% | $36.43 |
| Year 11 | $4.59 | +4.42% | 4.98% | $41.02 |
| Year 12 | $4.79 | +4.42% | 5.20% | $45.81 |
| Year 13 | $5.00 | +4.42% | 5.43% | $50.81 |
| Year 14 | $5.22 | +4.42% | 5.67% | $56.03 |
| Year 15 | $5.45 | +4.42% | 5.92% | $61.48 |
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
