Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 0.98%.
YIELD ON COST (YOC)
0.98%
SPY now pays $7.53 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) | $219.03 | 3.44% |
| 5 years ago(2021-09-14) | $444.17 | 1.70% |
| 3 years ago(2023-09-05) | $449.24 | 1.68% |
| 1 year ago(2025-09-09) | $650.33 | 1.16% |
| Buying today(at $763.02) | $763.02 | 0.98% |
Projection: starting from today's 0.98% yield, assuming the dividend keeps compounding at 6.4% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
0.98%
In 3 years
1.18%
In 5 years
1.33%
In 10 years
1.80%
Try your own purchase price, dividend and growth rate for State Street SPDR S&P 500 ETF (SPY).
Starting Yield
0.99%
Ending YOC
2.07%
Year 15 Dividend
$15.77
Cum. Dividends Recd.
$171.34
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $7.53 | N/A | 0.99% | $0.00 |
| Year 1 | $7.91 | +5.05% | 1.04% | $7.91 |
| Year 2 | $8.31 | +5.05% | 1.09% | $16.22 |
| Year 3 | $8.73 | +5.05% | 1.14% | $24.95 |
| Year 4 | $9.17 | +5.05% | 1.20% | $34.12 |
| Year 5 | $9.63 | +5.05% | 1.26% | $43.75 |
| Year 6 | $10.12 | +5.05% | 1.33% | $53.87 |
| Year 7 | $10.63 | +5.05% | 1.39% | $64.50 |
| Year 8 | $11.17 | +5.05% | 1.46% | $75.67 |
| Year 9 | $11.73 | +5.05% | 1.54% | $87.40 |
| Year 10 | $12.32 | +5.05% | 1.62% | $99.73 |
| Year 11 | $12.95 | +5.05% | 1.70% | $112.67 |
| Year 12 | $13.60 | +5.05% | 1.78% | $126.27 |
| Year 13 | $14.29 | +5.05% | 1.87% | $140.56 |
| Year 14 | $15.01 | +5.05% | 1.97% | $155.57 |
| Year 15 | $15.77 | +5.05% | 2.07% | $171.34 |
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
