Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.78%.
YIELD ON COST (YOC)
3.78%
MKC now pays $1.89 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(2016-07-20) | $52.02 | 3.63% |
| 5 years ago(2021-07-28) | $84.70 | 2.23% |
| 3 years ago(2023-07-19) | $86.06 | 2.20% |
| 1 year ago(2025-07-23) | $72.41 | 2.61% |
| Buying today(at $49.96) | $49.96 | 3.78% |
Projection: starting from today's 3.78% yield, assuming the dividend keeps compounding at its historical 7.7% rate. Boards set dividends each year, so actual figures will differ.
Today
3.78%
In 3 years
5.01%
In 5 years
6.04%
In 10 years
9.63%
Try your own purchase price, dividend and growth rate for McCormick & Company, Incorporated (MKC).
Starting Yield
3.78%
Ending YOC
11.57%
Year 15 Dividend
$5.78
Cum. Dividends Recd.
$54.18
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.89 | N/A | 3.78% | $0.00 |
| Year 1 | $2.04 | +7.74% | 4.08% | $2.04 |
| Year 2 | $2.19 | +7.74% | 4.39% | $4.23 |
| Year 3 | $2.36 | +7.74% | 4.73% | $6.59 |
| Year 4 | $2.55 | +7.74% | 5.10% | $9.14 |
| Year 5 | $2.74 | +7.74% | 5.49% | $11.88 |
| Year 6 | $2.96 | +7.74% | 5.92% | $14.84 |
| Year 7 | $3.18 | +7.74% | 6.37% | $18.03 |
| Year 8 | $3.43 | +7.74% | 6.87% | $21.46 |
| Year 9 | $3.70 | +7.74% | 7.40% | $25.15 |
| Year 10 | $3.98 | +7.74% | 7.97% | $29.14 |
| Year 11 | $4.29 | +7.74% | 8.59% | $33.43 |
| Year 12 | $4.62 | +7.74% | 9.25% | $38.05 |
| Year 13 | $4.98 | +7.74% | 9.97% | $43.03 |
| Year 14 | $5.37 | +7.74% | 10.74% | $48.40 |
| Year 15 | $5.78 | +7.74% | 11.57% | $54.18 |
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
