Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.99%.
YIELD ON COST (YOC)
3.99%
TRP now pays $2.48 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(2016-08-25) | $42.52 | 5.83% |
| 5 years ago(2021-08-23) | $42.57 | 5.83% |
| 3 years ago(2023-08-24) | $31.97 | 7.76% |
| 1 year ago(2025-08-28) | $51.64 | 4.80% |
| Buying today(at $61.86) | $61.86 | 3.99% |
Projection: starting from today's 3.99% yield, assuming the dividend keeps compounding at its historical 0.4% rate. Boards set dividends each year, so actual figures will differ.
Today
3.99%
In 3 years
3.52%
In 5 years
3.23%
In 10 years
2.62%
Try your own purchase price, dividend and growth rate for TC Energy Corporation (TRP).
Starting Yield
4.01%
Ending YOC
4.25%
Year 15 Dividend
$2.63
Cum. Dividends Recd.
$38.38
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.48 | N/A | 4.01% | $0.00 |
| Year 1 | $2.49 | +0.39% | 4.02% | $2.49 |
| Year 2 | $2.50 | +0.39% | 4.04% | $4.99 |
| Year 3 | $2.51 | +0.39% | 4.06% | $7.50 |
| Year 4 | $2.52 | +0.39% | 4.07% | $10.02 |
| Year 5 | $2.53 | +0.39% | 4.09% | $12.55 |
| Year 6 | $2.54 | +0.39% | 4.10% | $15.08 |
| Year 7 | $2.55 | +0.39% | 4.12% | $17.63 |
| Year 8 | $2.56 | +0.39% | 4.14% | $20.19 |
| Year 9 | $2.57 | +0.39% | 4.15% | $22.76 |
| Year 10 | $2.58 | +0.39% | 4.17% | $25.34 |
| Year 11 | $2.59 | +0.39% | 4.18% | $27.93 |
| Year 12 | $2.60 | +0.39% | 4.20% | $30.53 |
| Year 13 | $2.61 | +0.39% | 4.22% | $33.13 |
| Year 14 | $2.62 | +0.39% | 4.23% | $35.75 |
| Year 15 | $2.63 | +0.39% | 4.25% | $38.38 |
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
