Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 4.20%.
YIELD ON COST (YOC)
4.20%
SPG now pays $8.90 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(2016-09-06) | $218.16 | 4.08% |
| 5 years ago(2021-09-14) | $129.56 | 6.87% |
| 3 years ago(2023-09-05) | $114.94 | 7.74% |
| 1 year ago(2025-09-09) | $179.39 | 4.96% |
| Buying today(at $204.53) | $204.53 | 4.20% |
Projection: starting from today's 4.20% yield, assuming the dividend keeps compounding at 9.9% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
4.20%
In 3 years
5.58%
In 5 years
6.75%
In 10 years
10.85%
Try your own purchase price, dividend and growth rate for Simon Property Group, Inc. (SPG).
Starting Yield
4.35%
Ending YOC
12.59%
Year 15 Dividend
$25.75
Cum. Dividends Recd.
$246.45
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $8.90 | N/A | 4.35% | $0.00 |
| Year 1 | $9.55 | +7.34% | 4.67% | $9.55 |
| Year 2 | $10.25 | +7.34% | 5.01% | $19.81 |
| Year 3 | $11.01 | +7.34% | 5.38% | $30.81 |
| Year 4 | $11.82 | +7.34% | 5.78% | $42.63 |
| Year 5 | $12.68 | +7.34% | 6.20% | $55.31 |
| Year 6 | $13.61 | +7.34% | 6.66% | $68.93 |
| Year 7 | $14.61 | +7.34% | 7.14% | $83.54 |
| Year 8 | $15.68 | +7.34% | 7.67% | $99.22 |
| Year 9 | $16.84 | +7.34% | 8.23% | $116.06 |
| Year 10 | $18.07 | +7.34% | 8.84% | $134.13 |
| Year 11 | $19.40 | +7.34% | 9.48% | $153.53 |
| Year 12 | $20.82 | +7.34% | 10.18% | $174.35 |
| Year 13 | $22.35 | +7.34% | 10.93% | $196.70 |
| Year 14 | $23.99 | +7.34% | 11.73% | $220.69 |
| Year 15 | $25.75 | +7.34% | 12.59% | $246.45 |
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
