Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.08%.
YIELD ON COST (YOC)
2.08%
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(2016-09-09) | $20.80 | 9.62% |
| 5 years ago(2021-09-13) | $12.35 | 16.19% |
| 3 years ago(2023-09-08) | $40.61 | 4.92% |
| 1 year ago(2025-09-08) | $53.20 | 3.76% |
| Buying today(at $100.83) | $100.83 | 2.08% |
Projection: starting from today's 2.08% yield, assuming the dividend keeps compounding at 9.5% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.08%
In 3 years
2.73%
In 5 years
3.29%
In 10 years
5.20%
Try your own purchase price, dividend and growth rate for Teekay Tankers Ltd. (TNK).
Starting Yield
1.98%
Ending YOC
6.29%
Year 15 Dividend
$6.34
Cum. Dividends Recd.
$58.65
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.00 | N/A | 1.98% | $0.00 |
| Year 1 | $2.16 | +8.00% | 2.14% | $2.16 |
| Year 2 | $2.33 | +8.00% | 2.31% | $4.49 |
| Year 3 | $2.52 | +8.00% | 2.50% | $7.01 |
| Year 4 | $2.72 | +8.00% | 2.70% | $9.73 |
| Year 5 | $2.94 | +8.00% | 2.91% | $12.67 |
| Year 6 | $3.17 | +8.00% | 3.15% | $15.85 |
| Year 7 | $3.43 | +8.00% | 3.40% | $19.27 |
| Year 8 | $3.70 | +8.00% | 3.67% | $22.98 |
| Year 9 | $4.00 | +8.00% | 3.97% | $26.97 |
| Year 10 | $4.32 | +8.00% | 4.28% | $31.29 |
| Year 11 | $4.66 | +8.00% | 4.62% | $35.95 |
| Year 12 | $5.04 | +8.00% | 4.99% | $40.99 |
| Year 13 | $5.44 | +8.00% | 5.39% | $46.43 |
| Year 14 | $5.87 | +8.00% | 5.83% | $52.30 |
| Year 15 | $6.34 | +8.00% | 6.29% | $58.65 |
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
