Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 1.89%.
YIELD ON COST (YOC)
1.89%
AFL now pays $2.38 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) | $36.73 | 6.48% |
| 5 years ago(2021-07-28) | $53.79 | 4.42% |
| 3 years ago(2023-07-19) | $71.32 | 3.34% |
| 1 year ago(2025-07-23) | $102.89 | 2.31% |
| Buying today(at $125.60) | $125.60 | 1.89% |
Projection: starting from today's 1.89% yield, assuming the dividend keeps compounding at its historical 15.7% rate. Boards set dividends each year, so actual figures will differ.
Today
1.89%
In 3 years
3.33%
In 5 years
4.85%
In 10 years
12.42%
Try your own purchase price, dividend and growth rate for Aflac Incorporated (AFL).
Starting Yield
1.89%
Ending YOC
16.84%
Year 15 Dividend
$21.16
Cum. Dividends Recd.
$138.53
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.38 | N/A | 1.89% | $0.00 |
| Year 1 | $2.75 | +15.68% | 2.19% | $2.75 |
| Year 2 | $3.18 | +15.68% | 2.54% | $5.94 |
| Year 3 | $3.68 | +15.68% | 2.93% | $9.62 |
| Year 4 | $4.26 | +15.68% | 3.39% | $13.88 |
| Year 5 | $4.93 | +15.68% | 3.93% | $18.81 |
| Year 6 | $5.70 | +15.68% | 4.54% | $24.52 |
| Year 7 | $6.60 | +15.68% | 5.25% | $31.12 |
| Year 8 | $7.63 | +15.68% | 6.08% | $38.75 |
| Year 9 | $8.83 | +15.68% | 7.03% | $47.58 |
| Year 10 | $10.21 | +15.68% | 8.13% | $57.79 |
| Year 11 | $11.81 | +15.68% | 9.41% | $69.60 |
| Year 12 | $13.67 | +15.68% | 10.88% | $83.27 |
| Year 13 | $15.81 | +15.68% | 12.59% | $99.08 |
| Year 14 | $18.29 | +15.68% | 14.56% | $117.37 |
| Year 15 | $21.16 | +15.68% | 16.84% | $138.53 |
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
