Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.50%.
YIELD ON COST (YOC)
2.50%
MTB now pays $6.00 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) | $115.80 | 5.18% |
| 5 years ago(2021-09-14) | $133.67 | 4.49% |
| 3 years ago(2023-09-15) | $129.30 | 4.64% |
| 1 year ago(2025-09-09) | $199.80 | 3.00% |
| Buying today(at $223.42) | $223.42 | 2.50% |
Projection: starting from today's 2.50% yield, assuming the dividend keeps compounding at 6.1% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.50%
In 3 years
2.99%
In 5 years
3.36%
In 10 years
4.52%
Try your own purchase price, dividend and growth rate for M&T Bank Corporation (MTB).
Starting Yield
2.69%
Ending YOC
5.84%
Year 15 Dividend
$13.04
Cum. Dividends Recd.
$139.57
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $6.00 | N/A | 2.69% | $0.00 |
| Year 1 | $6.32 | +5.31% | 2.83% | $6.32 |
| Year 2 | $6.65 | +5.31% | 2.98% | $12.97 |
| Year 3 | $7.01 | +5.31% | 3.14% | $19.98 |
| Year 4 | $7.38 | +5.31% | 3.30% | $27.36 |
| Year 5 | $7.77 | +5.31% | 3.48% | $35.13 |
| Year 6 | $8.18 | +5.31% | 3.66% | $43.32 |
| Year 7 | $8.62 | +5.31% | 3.86% | $51.93 |
| Year 8 | $9.08 | +5.31% | 4.06% | $61.01 |
| Year 9 | $9.56 | +5.31% | 4.28% | $70.57 |
| Year 10 | $10.07 | +5.31% | 4.51% | $80.63 |
| Year 11 | $10.60 | +5.31% | 4.74% | $91.23 |
| Year 12 | $11.16 | +5.31% | 5.00% | $102.40 |
| Year 13 | $11.76 | +5.31% | 5.26% | $114.15 |
| Year 14 | $12.38 | +5.31% | 5.54% | $126.53 |
| Year 15 | $13.04 | +5.31% | 5.84% | $139.57 |
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
