Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 1.92%.
YIELD ON COST (YOC)
1.92%
MS now pays $4.15 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) | $31.75 | 13.07% |
| 5 years ago(2021-09-14) | $101.91 | 4.07% |
| 3 years ago(2023-09-05) | $84.84 | 4.89% |
| 1 year ago(2025-09-09) | $152.22 | 2.73% |
| Buying today(at $216.56) | $216.56 | 1.92% |
Projection: starting from today's 1.92% yield, assuming the dividend keeps compounding at 16.3% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
1.92%
In 3 years
3.02%
In 5 years
4.09%
In 10 years
8.73%
Try your own purchase price, dividend and growth rate for Morgan Stanley (MS).
Starting Yield
1.92%
Ending YOC
39.88%
Year 15 Dividend
$86.37
Cum. Dividends Recd.
$448.79
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $4.15 | N/A | 1.92% | $0.00 |
| Year 1 | $5.08 | +22.43% | 2.35% | $5.08 |
| Year 2 | $6.22 | +22.43% | 2.87% | $11.30 |
| Year 3 | $7.62 | +22.43% | 3.52% | $18.92 |
| Year 4 | $9.32 | +22.43% | 4.31% | $28.24 |
| Year 5 | $11.42 | +22.43% | 5.27% | $39.66 |
| Year 6 | $13.98 | +22.43% | 6.45% | $53.63 |
| Year 7 | $17.11 | +22.43% | 7.90% | $70.74 |
| Year 8 | $20.95 | +22.43% | 9.67% | $91.69 |
| Year 9 | $25.65 | +22.43% | 11.84% | $117.34 |
| Year 10 | $31.40 | +22.43% | 14.50% | $148.74 |
| Year 11 | $38.44 | +22.43% | 17.75% | $187.18 |
| Year 12 | $47.07 | +22.43% | 21.73% | $234.25 |
| Year 13 | $57.62 | +22.43% | 26.61% | $291.87 |
| Year 14 | $70.55 | +22.43% | 32.58% | $362.42 |
| Year 15 | $86.37 | +22.43% | 39.88% | $448.79 |
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
