Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 6.91%.
YIELD ON COST (YOC)
6.91%
NMS now pays $0.80 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(2016-08-12) | $17.29 | 4.63% |
| 5 years ago(2021-08-11) | $15.75 | 5.08% |
| 3 years ago(2023-08-14) | $10.76 | 7.43% |
| 1 year ago(2025-08-13) | $11.33 | 7.06% |
| Buying today(at $11.55) | $11.55 | 6.91% |
Projection: starting from today's 6.91% yield, assuming the dividend keeps compounding at its historical 7.9% rate. Boards set dividends each year, so actual figures will differ.
Today
6.91%
In 3 years
9.37%
In 5 years
11.47%
In 10 years
19.05%
Try your own purchase price, dividend and growth rate for Nuveen Minnesota Quality Municipal Income Fund (NMS).
Starting Yield
6.93%
Ending YOC
21.79%
Year 15 Dividend
$2.52
Cum. Dividends Recd.
$23.34
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.80 | N/A | 6.93% | $0.00 |
| Year 1 | $0.86 | +7.94% | 7.48% | $0.86 |
| Year 2 | $0.93 | +7.94% | 8.07% | $1.80 |
| Year 3 | $1.01 | +7.94% | 8.71% | $2.80 |
| Year 4 | $1.09 | +7.94% | 9.40% | $3.89 |
| Year 5 | $1.17 | +7.94% | 10.15% | $5.06 |
| Year 6 | $1.27 | +7.94% | 10.95% | $6.33 |
| Year 7 | $1.37 | +7.94% | 11.82% | $7.69 |
| Year 8 | $1.47 | +7.94% | 12.76% | $9.17 |
| Year 9 | $1.59 | +7.94% | 13.78% | $10.76 |
| Year 10 | $1.72 | +7.94% | 14.87% | $12.47 |
| Year 11 | $1.85 | +7.94% | 16.05% | $14.33 |
| Year 12 | $2.00 | +7.94% | 17.33% | $16.33 |
| Year 13 | $2.16 | +7.94% | 18.70% | $18.49 |
| Year 14 | $2.33 | +7.94% | 20.19% | $20.82 |
| Year 15 | $2.52 | +7.94% | 21.79% | $23.34 |
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
