Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 1.63%.
YIELD ON COST (YOC)
1.63%
NOC now pays $9.40 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(2016-08-10) | $217.18 | 4.33% |
| 5 years ago(2021-08-06) | $362.11 | 2.60% |
| 3 years ago(2023-08-09) | $435.55 | 2.16% |
| 1 year ago(2025-08-13) | $582.09 | 1.61% |
| Buying today(at $574.90) | $574.90 | 1.63% |
Projection: starting from today's 1.63% yield, assuming the dividend keeps compounding at its historical 9.7% rate. Boards set dividends each year, so actual figures will differ.
Today
1.63%
In 3 years
2.38%
In 5 years
3.06%
In 10 years
5.74%
Try your own purchase price, dividend and growth rate for Northrop Grumman Corporation (NOC).
Starting Yield
1.64%
Ending YOC
6.52%
Year 15 Dividend
$37.48
Cum. Dividends Recd.
$318.81
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $9.40 | N/A | 1.64% | $0.00 |
| Year 1 | $10.31 | +9.66% | 1.79% | $10.31 |
| Year 2 | $11.30 | +9.66% | 1.97% | $21.61 |
| Year 3 | $12.40 | +9.66% | 2.16% | $34.01 |
| Year 4 | $13.59 | +9.66% | 2.36% | $47.60 |
| Year 5 | $14.91 | +9.66% | 2.59% | $62.51 |
| Year 6 | $16.35 | +9.66% | 2.84% | $78.85 |
| Year 7 | $17.93 | +9.66% | 3.12% | $96.78 |
| Year 8 | $19.66 | +9.66% | 3.42% | $116.44 |
| Year 9 | $21.56 | +9.66% | 3.75% | $137.99 |
| Year 10 | $23.64 | +9.66% | 4.11% | $161.63 |
| Year 11 | $25.92 | +9.66% | 4.51% | $187.55 |
| Year 12 | $28.43 | +9.66% | 4.94% | $215.98 |
| Year 13 | $31.17 | +9.66% | 5.42% | $247.15 |
| Year 14 | $34.18 | +9.66% | 5.95% | $281.33 |
| Year 15 | $37.48 | +9.66% | 6.52% | $318.81 |
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
