Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 7.49%.
YIELD ON COST (YOC)
7.49%
NMS now pays $0.79 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(2016-09-13) | $16.83 | 4.69% |
| 5 years ago(2021-09-10) | $15.91 | 4.97% |
| 3 years ago(2023-09-13) | $10.37 | 7.62% |
| 1 year ago(2025-09-12) | $11.75 | 6.72% |
| Buying today(at $9.94) | $9.94 | 7.49% |
Projection: starting from today's 7.49% yield, assuming the dividend keeps compounding at 7.9% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
7.49%
In 3 years
9.41%
In 5 years
10.96%
In 10 years
16.03%
Try your own purchase price, dividend and growth rate for Nuveen Minnesota Quality Municipal Income Fund (NMS).
Starting Yield
7.95%
Ending YOC
25.00%
Year 15 Dividend
$2.49
Cum. Dividends Recd.
$23.05
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.79 | N/A | 7.95% | $0.00 |
| Year 1 | $0.85 | +7.94% | 8.58% | $0.85 |
| Year 2 | $0.92 | +7.94% | 9.26% | $1.77 |
| Year 3 | $0.99 | +7.94% | 10.00% | $2.77 |
| Year 4 | $1.07 | +7.94% | 10.79% | $3.84 |
| Year 5 | $1.16 | +7.94% | 11.65% | $5.00 |
| Year 6 | $1.25 | +7.94% | 12.57% | $6.25 |
| Year 7 | $1.35 | +7.94% | 13.57% | $7.59 |
| Year 8 | $1.46 | +7.94% | 14.65% | $9.05 |
| Year 9 | $1.57 | +7.94% | 15.81% | $10.62 |
| Year 10 | $1.70 | +7.94% | 17.06% | $12.32 |
| Year 11 | $1.83 | +7.94% | 18.42% | $14.15 |
| Year 12 | $1.98 | +7.94% | 19.88% | $16.12 |
| Year 13 | $2.13 | +7.94% | 21.46% | $18.26 |
| Year 14 | $2.30 | +7.94% | 23.16% | $20.56 |
| Year 15 | $2.49 | +7.94% | 25.00% | $23.05 |
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
