Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 7.78%.
YIELD ON COST (YOC)
7.78%
SLMBP now pays $5.81 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(2016-10-07) | $49.55 | 11.73% |
| 5 years ago(2021-10-01) | $61.68 | 9.42% |
| 3 years ago(2023-10-04) | $61.86 | 9.39% |
| 1 year ago(2025-10-08) | $75.66 | 7.68% |
| Buying today(at $74.17) | $74.17 | 7.78% |
Projection: starting from today's 7.78% yield, assuming the dividend keeps compounding at 35.0% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
7.78%
In 3 years
19.16%
In 5 years
34.93%
In 10 years
156.85%
Try your own purchase price, dividend and growth rate for SLM Corporation (SLMBP).
Starting Yield
7.83%
Ending YOC
115.52%
Year 15 Dividend
$85.68
Cum. Dividends Recd.
$486.32
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $5.81 | N/A | 7.83% | $0.00 |
| Year 1 | $6.95 | +19.65% | 9.37% | $6.95 |
| Year 2 | $8.32 | +19.65% | 11.21% | $15.27 |
| Year 3 | $9.95 | +19.65% | 13.42% | $25.22 |
| Year 4 | $11.91 | +19.65% | 16.05% | $37.13 |
| Year 5 | $14.25 | +19.65% | 19.21% | $51.38 |
| Year 6 | $17.05 | +19.65% | 22.98% | $68.42 |
| Year 7 | $20.40 | +19.65% | 27.50% | $88.82 |
| Year 8 | $24.40 | +19.65% | 32.90% | $113.23 |
| Year 9 | $29.20 | +19.65% | 39.37% | $142.43 |
| Year 10 | $34.94 | +19.65% | 47.11% | $177.36 |
| Year 11 | $41.80 | +19.65% | 56.36% | $219.17 |
| Year 12 | $50.02 | +19.65% | 67.44% | $269.19 |
| Year 13 | $59.85 | +19.65% | 80.69% | $329.03 |
| Year 14 | $71.61 | +19.65% | 96.54% | $400.64 |
| Year 15 | $85.68 | +19.65% | 115.52% | $486.32 |
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
