Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 8.46%.
YIELD ON COST (YOC)
8.46%
NKX now pays $0.90 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) | $16.52 | 5.45% |
| 5 years ago(2021-09-28) | $16.31 | 5.52% |
| 3 years ago(2023-09-29) | $10.26 | 8.77% |
| 1 year ago(2025-10-03) | $12.71 | 7.08% |
| Buying today(at $10.53) | $10.53 | 8.46% |
Projection: starting from today's 8.46% yield, assuming the dividend keeps compounding at 8.2% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
8.46%
In 3 years
10.73%
In 5 years
12.57%
In 10 years
18.68%
Try your own purchase price, dividend and growth rate for Nuveen California AMT-Free Quality Municipal Income Fund (NKX).
Starting Yield
8.55%
Ending YOC
24.73%
Year 15 Dividend
$2.60
Cum. Dividends Recd.
$24.92
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.90 | N/A | 8.55% | $0.00 |
| Year 1 | $0.97 | +7.34% | 9.17% | $0.97 |
| Year 2 | $1.04 | +7.34% | 9.85% | $2.00 |
| Year 3 | $1.11 | +7.34% | 10.57% | $3.12 |
| Year 4 | $1.19 | +7.34% | 11.35% | $4.31 |
| Year 5 | $1.28 | +7.34% | 12.18% | $5.59 |
| Year 6 | $1.38 | +7.34% | 13.07% | $6.97 |
| Year 7 | $1.48 | +7.34% | 14.03% | $8.45 |
| Year 8 | $1.59 | +7.34% | 15.06% | $10.03 |
| Year 9 | $1.70 | +7.34% | 16.17% | $11.74 |
| Year 10 | $1.83 | +7.34% | 17.36% | $13.56 |
| Year 11 | $1.96 | +7.34% | 18.63% | $15.53 |
| Year 12 | $2.11 | +7.34% | 20.00% | $17.63 |
| Year 13 | $2.26 | +7.34% | 21.46% | $19.89 |
| Year 14 | $2.43 | +7.34% | 23.04% | $22.32 |
| Year 15 | $2.60 | +7.34% | 24.73% | $24.92 |
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
