Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.38%.
YIELD ON COST (YOC)
3.38%
NVS now pays $4.74 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(2016-09-29) | $66.30 | 7.15% |
| 5 years ago(2021-09-27) | $78.15 | 6.07% |
| 3 years ago(2023-09-28) | $96.83 | 4.90% |
| 1 year ago(2025-10-02) | $130.97 | 3.62% |
| Buying today(at $141.00) | $141.00 | 3.38% |
Projection: starting from today's 3.38% yield, assuming the dividend keeps compounding at 9.3% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.38%
In 3 years
4.41%
In 5 years
5.27%
In 10 years
8.20%
Try your own purchase price, dividend and growth rate for Novartis AG (NVS).
Starting Yield
3.36%
Ending YOC
10.93%
Year 15 Dividend
$15.42
Cum. Dividends Recd.
$141.19
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $4.74 | N/A | 3.36% | $0.00 |
| Year 1 | $5.13 | +8.18% | 3.64% | $5.13 |
| Year 2 | $5.55 | +8.18% | 3.93% | $10.67 |
| Year 3 | $6.00 | +8.18% | 4.26% | $16.68 |
| Year 4 | $6.49 | +8.18% | 4.60% | $23.17 |
| Year 5 | $7.02 | +8.18% | 4.98% | $30.19 |
| Year 6 | $7.60 | +8.18% | 5.39% | $37.79 |
| Year 7 | $8.22 | +8.18% | 5.83% | $46.01 |
| Year 8 | $8.89 | +8.18% | 6.31% | $54.90 |
| Year 9 | $9.62 | +8.18% | 6.82% | $64.52 |
| Year 10 | $10.41 | +8.18% | 7.38% | $74.92 |
| Year 11 | $11.26 | +8.18% | 7.98% | $86.18 |
| Year 12 | $12.18 | +8.18% | 8.64% | $98.35 |
| Year 13 | $13.17 | +8.18% | 9.34% | $111.53 |
| Year 14 | $14.25 | +8.18% | 10.11% | $125.78 |
| Year 15 | $15.42 | +8.18% | 10.93% | $141.19 |
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
