Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.39%.
YIELD ON COST (YOC)
2.39%
PSX now pays $4.94 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(2016-07-22) | $75.39 | 6.55% |
| 5 years ago(2021-07-26) | $74.32 | 6.65% |
| 3 years ago(2023-07-21) | $105.73 | 4.67% |
| 1 year ago(2025-07-25) | $124.97 | 3.95% |
| Buying today(at $206.77) | $206.77 | 2.39% |
Projection: starting from today's 2.39% yield, assuming the dividend keeps compounding at its historical 5.7% rate. Boards set dividends each year, so actual figures will differ.
Today
2.39%
In 3 years
3.19%
In 5 years
3.86%
In 10 years
6.25%
Try your own purchase price, dividend and growth rate for Phillips 66 (PSX).
Starting Yield
2.39%
Ending YOC
5.49%
Year 15 Dividend
$11.35
Cum. Dividends Recd.
$118.80
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $4.94 | N/A | 2.39% | $0.00 |
| Year 1 | $5.22 | +5.70% | 2.53% | $5.22 |
| Year 2 | $5.52 | +5.70% | 2.67% | $10.74 |
| Year 3 | $5.83 | +5.70% | 2.82% | $16.57 |
| Year 4 | $6.17 | +5.70% | 2.98% | $22.74 |
| Year 5 | $6.52 | +5.70% | 3.15% | $29.26 |
| Year 6 | $6.89 | +5.70% | 3.33% | $36.15 |
| Year 7 | $7.28 | +5.70% | 3.52% | $43.43 |
| Year 8 | $7.70 | +5.70% | 3.72% | $51.13 |
| Year 9 | $8.14 | +5.70% | 3.93% | $59.26 |
| Year 10 | $8.60 | +5.70% | 4.16% | $67.86 |
| Year 11 | $9.09 | +5.70% | 4.40% | $76.95 |
| Year 12 | $9.61 | +5.70% | 4.65% | $86.56 |
| Year 13 | $10.16 | +5.70% | 4.91% | $96.72 |
| Year 14 | $10.73 | +5.70% | 5.19% | $107.45 |
| Year 15 | $11.35 | +5.70% | 5.49% | $118.80 |
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
