Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 7.19%.
YIELD ON COST (YOC)
7.19%
NAD now pays $0.85 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(2016-08-15) | $15.84 | 5.37% |
| 5 years ago(2021-08-06) | $16.36 | 5.20% |
| 3 years ago(2023-08-09) | $10.98 | 7.74% |
| 1 year ago(2025-08-13) | $11.36 | 7.48% |
| Buying today(at $11.78) | $11.78 | 7.19% |
Projection: starting from today's 7.19% yield, assuming the dividend keeps compounding at its historical 6.2% rate. Boards set dividends each year, so actual figures will differ.
Today
7.19%
In 3 years
8.86%
In 5 years
10.18%
In 10 years
14.42%
Try your own purchase price, dividend and growth rate for Nuveen Quality Municipal Income Fund (NAD).
Starting Yield
7.22%
Ending YOC
17.80%
Year 15 Dividend
$2.10
Cum. Dividends Recd.
$21.33
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.85 | N/A | 7.22% | $0.00 |
| Year 1 | $0.90 | +6.20% | 7.67% | $0.90 |
| Year 2 | $0.96 | +6.20% | 8.14% | $1.86 |
| Year 3 | $1.02 | +6.20% | 8.65% | $2.88 |
| Year 4 | $1.08 | +6.20% | 9.18% | $3.96 |
| Year 5 | $1.15 | +6.20% | 9.75% | $5.11 |
| Year 6 | $1.22 | +6.20% | 10.36% | $6.33 |
| Year 7 | $1.30 | +6.20% | 11.00% | $7.62 |
| Year 8 | $1.38 | +6.20% | 11.68% | $9.00 |
| Year 9 | $1.46 | +6.20% | 12.40% | $10.46 |
| Year 10 | $1.55 | +6.20% | 13.17% | $12.01 |
| Year 11 | $1.65 | +6.20% | 13.99% | $13.66 |
| Year 12 | $1.75 | +6.20% | 14.86% | $15.41 |
| Year 13 | $1.86 | +6.20% | 15.78% | $17.27 |
| Year 14 | $1.97 | +6.20% | 16.76% | $19.24 |
| Year 15 | $2.10 | +6.20% | 17.80% | $21.33 |
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
