Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.81%.
YIELD ON COST (YOC)
2.81%
NRP now pays $3.12 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(2016-09-07) | $22.14 | 14.09% |
| 5 years ago(2021-09-09) | $21.49 | 14.52% |
| 3 years ago(2023-09-12) | $65.14 | 4.79% |
| 1 year ago(2025-09-16) | $103.01 | 3.03% |
| Buying today(at $109.71) | $109.71 | 2.81% |
Projection: starting from today's 2.81% yield, assuming the dividend keeps compounding at 23.6% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.81%
In 3 years
5.31%
In 5 years
8.12%
In 10 years
23.49%
Try your own purchase price, dividend and growth rate for Natural Resource Partners L.P. (NRP).
Starting Yield
2.84%
Ending YOC
86.33%
Year 15 Dividend
$94.71
Cum. Dividends Recd.
$450.07
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $3.12 | N/A | 2.84% | $0.00 |
| Year 1 | $3.92 | +25.55% | 3.57% | $3.92 |
| Year 2 | $4.92 | +25.55% | 4.48% | $8.84 |
| Year 3 | $6.17 | +25.55% | 5.63% | $15.01 |
| Year 4 | $7.75 | +25.55% | 7.07% | $22.76 |
| Year 5 | $9.73 | +25.55% | 8.87% | $32.49 |
| Year 6 | $12.22 | +25.55% | 11.14% | $44.71 |
| Year 7 | $15.34 | +25.55% | 13.98% | $60.06 |
| Year 8 | $19.26 | +25.55% | 17.56% | $79.32 |
| Year 9 | $24.18 | +25.55% | 22.04% | $103.50 |
| Year 10 | $30.36 | +25.55% | 27.67% | $133.86 |
| Year 11 | $38.12 | +25.55% | 34.74% | $171.98 |
| Year 12 | $47.86 | +25.55% | 43.62% | $219.84 |
| Year 13 | $60.09 | +25.55% | 54.77% | $279.92 |
| Year 14 | $75.44 | +25.55% | 68.76% | $355.36 |
| Year 15 | $94.71 | +25.55% | 86.33% | $450.07 |
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
