Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.83%.
YIELD ON COST (YOC)
3.83%
SPG now pays $8.80 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(2016-07-20) | $223.24 | 3.94% |
| 5 years ago(2021-07-28) | $125.22 | 7.03% |
| 3 years ago(2023-07-19) | $123.41 | 7.13% |
| 1 year ago(2025-07-23) | $165.74 | 5.31% |
| Buying today(at $229.78) | $229.78 | 3.83% |
Projection: starting from today's 3.83% yield, assuming the dividend keeps compounding at its historical 12.7% rate. Boards set dividends each year, so actual figures will differ.
Today
3.83%
In 3 years
4.58%
In 5 years
5.16%
In 10 years
6.95%
Try your own purchase price, dividend and growth rate for Simon Property Group, Inc. (SPG).
Starting Yield
3.83%
Ending YOC
23.05%
Year 15 Dividend
$52.96
Cum. Dividends Recd.
$391.57
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $8.80 | N/A | 3.83% | $0.00 |
| Year 1 | $9.92 | +12.71% | 4.32% | $9.92 |
| Year 2 | $11.18 | +12.71% | 4.87% | $21.10 |
| Year 3 | $12.60 | +12.71% | 5.48% | $33.70 |
| Year 4 | $14.20 | +12.71% | 6.18% | $47.90 |
| Year 5 | $16.01 | +12.71% | 6.97% | $63.91 |
| Year 6 | $18.04 | +12.71% | 7.85% | $81.95 |
| Year 7 | $20.33 | +12.71% | 8.85% | $102.28 |
| Year 8 | $22.92 | +12.71% | 9.97% | $125.20 |
| Year 9 | $25.83 | +12.71% | 11.24% | $151.03 |
| Year 10 | $29.11 | +12.71% | 12.67% | $180.14 |
| Year 11 | $32.81 | +12.71% | 14.28% | $212.96 |
| Year 12 | $36.99 | +12.71% | 16.10% | $249.94 |
| Year 13 | $41.69 | +12.71% | 18.14% | $291.63 |
| Year 14 | $46.98 | +12.71% | 20.45% | $338.62 |
| Year 15 | $52.96 | +12.71% | 23.05% | $391.57 |
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
