Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.35%.
YIELD ON COST (YOC)
3.35%
USB now pays $2.08 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(2016-09-07) | $43.66 | 4.76% |
| 5 years ago(2021-09-15) | $57.80 | 3.60% |
| 3 years ago(2023-09-06) | $36.12 | 5.76% |
| 1 year ago(2025-09-10) | $49.20 | 4.23% |
| Buying today(at $62.84) | $62.84 | 3.35% |
Projection: starting from today's 3.35% yield, assuming the dividend keeps compounding at 3.7% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.35%
In 3 years
3.74%
In 5 years
4.03%
In 10 years
4.84%
Try your own purchase price, dividend and growth rate for U.S. Bancorp (USB).
Starting Yield
3.31%
Ending YOC
5.93%
Year 15 Dividend
$3.72
Cum. Dividends Recd.
$43.17
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.08 | N/A | 3.31% | $0.00 |
| Year 1 | $2.16 | +3.96% | 3.44% | $2.16 |
| Year 2 | $2.25 | +3.96% | 3.58% | $4.41 |
| Year 3 | $2.34 | +3.96% | 3.72% | $6.75 |
| Year 4 | $2.43 | +3.96% | 3.87% | $9.18 |
| Year 5 | $2.53 | +3.96% | 4.02% | $11.70 |
| Year 6 | $2.63 | +3.96% | 4.18% | $14.33 |
| Year 7 | $2.73 | +3.96% | 4.34% | $17.06 |
| Year 8 | $2.84 | +3.96% | 4.52% | $19.90 |
| Year 9 | $2.95 | +3.96% | 4.69% | $22.85 |
| Year 10 | $3.07 | +3.96% | 4.88% | $25.91 |
| Year 11 | $3.19 | +3.96% | 5.07% | $29.10 |
| Year 12 | $3.31 | +3.96% | 5.27% | $32.42 |
| Year 13 | $3.45 | +3.96% | 5.48% | $35.86 |
| Year 14 | $3.58 | +3.96% | 5.70% | $39.45 |
| Year 15 | $3.72 | +3.96% | 5.93% | $43.17 |
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
