Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 5.96%.
YIELD ON COST (YOC)
5.96%
VZ now pays $2.76 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(2016-07-20) | $55.62 | 4.96% |
| 5 years ago(2021-07-28) | $55.72 | 4.95% |
| 3 years ago(2023-07-19) | $33.97 | 8.12% |
| 1 year ago(2025-07-23) | $42.84 | 6.44% |
| Buying today(at $46.38) | $46.38 | 5.96% |
Projection: starting from today's 5.96% yield, assuming the dividend keeps compounding at its historical 1.9% rate. Boards set dividends each year, so actual figures will differ.
Today
5.96%
In 3 years
6.43%
In 5 years
6.77%
In 10 years
7.69%
Try your own purchase price, dividend and growth rate for Verizon Communications Inc. (VZ).
Starting Yield
5.95%
Ending YOC
7.95%
Year 15 Dividend
$3.69
Cum. Dividends Recd.
$48.49
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.76 | N/A | 5.95% | $0.00 |
| Year 1 | $2.81 | +1.95% | 6.07% | $2.81 |
| Year 2 | $2.87 | +1.95% | 6.19% | $5.68 |
| Year 3 | $2.92 | +1.95% | 6.31% | $8.61 |
| Year 4 | $2.98 | +1.95% | 6.43% | $11.59 |
| Year 5 | $3.04 | +1.95% | 6.55% | $14.63 |
| Year 6 | $3.10 | +1.95% | 6.68% | $17.73 |
| Year 7 | $3.16 | +1.95% | 6.81% | $20.89 |
| Year 8 | $3.22 | +1.95% | 6.95% | $24.11 |
| Year 9 | $3.28 | +1.95% | 7.08% | $27.39 |
| Year 10 | $3.35 | +1.95% | 7.22% | $30.74 |
| Year 11 | $3.41 | +1.95% | 7.36% | $34.15 |
| Year 12 | $3.48 | +1.95% | 7.50% | $37.63 |
| Year 13 | $3.55 | +1.95% | 7.65% | $41.18 |
| Year 14 | $3.62 | +1.95% | 7.80% | $44.80 |
| Year 15 | $3.69 | +1.95% | 7.95% | $48.49 |
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
