Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.63%.
YIELD ON COST (YOC)
2.63%
TNK now pays $2.00 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(2016-07-28) | $23.28 | 8.59% |
| 5 years ago(2021-07-30) | $12.65 | 15.81% |
| 3 years ago(2023-07-27) | $41.04 | 4.87% |
| 1 year ago(2025-07-25) | $44.17 | 4.53% |
| Buying today(at $76.78) | $76.78 | 2.63% |
Projection: starting from today's 2.63% yield, assuming the dividend keeps compounding at its historical 35.4% rate. Boards set dividends each year, so actual figures will differ.
Today
2.63%
In 3 years
5.48%
In 5 years
8.95%
In 10 years
30.40%
Try your own purchase price, dividend and growth rate for Teekay Tankers Ltd. (TNK).
Starting Yield
2.60%
Ending YOC
244.69%
Year 15 Dividend
$187.87
Cum. Dividends Recd.
$711.39
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.00 | N/A | 2.60% | $0.00 |
| Year 1 | $2.71 | +35.37% | 3.53% | $2.71 |
| Year 2 | $3.67 | +35.37% | 4.77% | $6.37 |
| Year 3 | $4.96 | +35.37% | 6.46% | $11.33 |
| Year 4 | $6.72 | +35.37% | 8.75% | $18.05 |
| Year 5 | $9.09 | +35.37% | 11.84% | $27.14 |
| Year 6 | $12.31 | +35.37% | 16.03% | $39.45 |
| Year 7 | $16.66 | +35.37% | 21.70% | $56.11 |
| Year 8 | $22.55 | +35.37% | 29.37% | $78.66 |
| Year 9 | $30.53 | +35.37% | 39.76% | $109.19 |
| Year 10 | $41.33 | +35.37% | 53.83% | $150.52 |
| Year 11 | $55.95 | +35.37% | 72.87% | $206.47 |
| Year 12 | $75.74 | +35.37% | 98.64% | $282.20 |
| Year 13 | $102.52 | +35.37% | 133.53% | $384.73 |
| Year 14 | $138.79 | +35.37% | 180.76% | $523.51 |
| Year 15 | $187.87 | +35.37% | 244.69% | $711.39 |
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
