Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 8.42%.
YIELD ON COST (YOC)
8.42%
NAC now pays $0.87 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(2016-10-04) | $16.28 | 5.34% |
| 5 years ago(2021-09-27) | $15.78 | 5.51% |
| 3 years ago(2023-09-28) | $9.66 | 9.01% |
| 1 year ago(2025-10-02) | $11.57 | 7.52% |
| Buying today(at $10.23) | $10.23 | 8.42% |
Projection: starting from today's 8.42% yield, assuming the dividend keeps compounding at 7.8% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
8.42%
In 3 years
10.56%
In 5 years
12.28%
In 10 years
17.91%
Try your own purchase price, dividend and growth rate for Nuveen California Quality Municipal Income Fund (NAC).
Starting Yield
8.50%
Ending YOC
23.07%
Year 15 Dividend
$2.36
Cum. Dividends Recd.
$23.15
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.87 | N/A | 8.50% | $0.00 |
| Year 1 | $0.93 | +6.88% | 9.09% | $0.93 |
| Year 2 | $0.99 | +6.88% | 9.71% | $1.92 |
| Year 3 | $1.06 | +6.88% | 10.38% | $2.99 |
| Year 4 | $1.14 | +6.88% | 11.10% | $4.12 |
| Year 5 | $1.21 | +6.88% | 11.86% | $5.33 |
| Year 6 | $1.30 | +6.88% | 12.68% | $6.63 |
| Year 7 | $1.39 | +6.88% | 13.55% | $8.02 |
| Year 8 | $1.48 | +6.88% | 14.48% | $9.50 |
| Year 9 | $1.58 | +6.88% | 15.48% | $11.08 |
| Year 10 | $1.69 | +6.88% | 16.54% | $12.77 |
| Year 11 | $1.81 | +6.88% | 17.68% | $14.58 |
| Year 12 | $1.93 | +6.88% | 18.90% | $16.52 |
| Year 13 | $2.07 | +6.88% | 20.20% | $18.58 |
| Year 14 | $2.21 | +6.88% | 21.59% | $20.79 |
| Year 15 | $2.36 | +6.88% | 23.07% | $23.15 |
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
