Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 0.52%.
YIELD ON COST (YOC)
0.52%
TPL now pays $1.91 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(2016-08-09) | $19.66 | 9.72% |
| 5 years ago(2021-08-05) | $163.26 | 1.17% |
| 3 years ago(2023-08-08) | $196.14 | 0.97% |
| 1 year ago(2025-08-12) | $285.60 | 0.67% |
| Buying today(at $343.64) | $343.64 | 0.52% |
Projection: starting from today's 0.52% yield, assuming the dividend keeps compounding at its historical 0.0% rate. Boards set dividends each year, so actual figures will differ.
Today
0.52%
In 3 years
0.76%
In 5 years
0.98%
In 10 years
1.83%
Try your own purchase price, dividend and growth rate for Texas Pacific Land Corporation (TPL).
Starting Yield
0.56%
Ending YOC
1.43%
Year 15 Dividend
$4.91
Cum. Dividends Recd.
$49.19
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.91 | N/A | 0.56% | $0.00 |
| Year 1 | $2.03 | +6.50% | 0.59% | $2.03 |
| Year 2 | $2.17 | +6.50% | 0.63% | $4.20 |
| Year 3 | $2.31 | +6.50% | 0.67% | $6.51 |
| Year 4 | $2.46 | +6.50% | 0.72% | $8.96 |
| Year 5 | $2.62 | +6.50% | 0.76% | $11.58 |
| Year 6 | $2.79 | +6.50% | 0.81% | $14.37 |
| Year 7 | $2.97 | +6.50% | 0.86% | $17.34 |
| Year 8 | $3.16 | +6.50% | 0.92% | $20.50 |
| Year 9 | $3.37 | +6.50% | 0.98% | $23.86 |
| Year 10 | $3.59 | +6.50% | 1.04% | $27.45 |
| Year 11 | $3.82 | +6.50% | 1.11% | $31.27 |
| Year 12 | $4.07 | +6.50% | 1.18% | $35.33 |
| Year 13 | $4.33 | +6.50% | 1.26% | $39.67 |
| Year 14 | $4.61 | +6.50% | 1.34% | $44.28 |
| Year 15 | $4.91 | +6.50% | 1.43% | $49.19 |
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
