Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.16%.
YIELD ON COST (YOC)
3.16%
PM now pays $5.88 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(2016-08-09) | $98.40 | 5.98% |
| 5 years ago(2021-08-11) | $99.76 | 5.89% |
| 3 years ago(2023-08-08) | $97.15 | 6.05% |
| 1 year ago(2025-08-13) | $165.88 | 3.54% |
| Buying today(at $185.75) | $185.75 | 3.16% |
Projection: starting from today's 3.16% yield, assuming the dividend keeps compounding at its historical 3.2% rate. Boards set dividends each year, so actual figures will differ.
Today
3.16%
In 3 years
3.60%
In 5 years
3.92%
In 10 years
4.87%
Try your own purchase price, dividend and growth rate for Philip Morris International Inc. (PM).
Starting Yield
3.17%
Ending YOC
5.10%
Year 15 Dividend
$9.47
Cum. Dividends Recd.
$114.82
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $5.88 | N/A | 3.17% | $0.00 |
| Year 1 | $6.07 | +3.23% | 3.27% | $6.07 |
| Year 2 | $6.27 | +3.23% | 3.37% | $12.34 |
| Year 3 | $6.47 | +3.23% | 3.48% | $18.80 |
| Year 4 | $6.68 | +3.23% | 3.59% | $25.48 |
| Year 5 | $6.89 | +3.23% | 3.71% | $32.37 |
| Year 6 | $7.12 | +3.23% | 3.83% | $39.49 |
| Year 7 | $7.35 | +3.23% | 3.95% | $46.84 |
| Year 8 | $7.58 | +3.23% | 4.08% | $54.42 |
| Year 9 | $7.83 | +3.23% | 4.21% | $62.25 |
| Year 10 | $8.08 | +3.23% | 4.35% | $70.33 |
| Year 11 | $8.34 | +3.23% | 4.49% | $78.67 |
| Year 12 | $8.61 | +3.23% | 4.64% | $87.28 |
| Year 13 | $8.89 | +3.23% | 4.79% | $96.17 |
| Year 14 | $9.18 | +3.23% | 4.94% | $105.34 |
| Year 15 | $9.47 | +3.23% | 5.10% | $114.82 |
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
