Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.10%.
YIELD ON COST (YOC)
2.10%
AFL now pays $2.41 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) | $36.77 | 6.55% |
| 5 years ago(2021-09-15) | $54.66 | 4.41% |
| 3 years ago(2023-09-06) | $74.23 | 3.25% |
| 1 year ago(2025-09-10) | $107.23 | 2.25% |
| Buying today(at $113.78) | $113.78 | 2.10% |
Projection: starting from today's 2.10% yield, assuming the dividend keeps compounding at 15.2% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.10%
In 3 years
3.21%
In 5 years
4.25%
In 10 years
8.60%
Try your own purchase price, dividend and growth rate for Aflac Incorporated (AFL).
Starting Yield
2.12%
Ending YOC
18.83%
Year 15 Dividend
$21.42
Cum. Dividends Recd.
$140.27
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.41 | N/A | 2.12% | $0.00 |
| Year 1 | $2.79 | +15.68% | 2.45% | $2.79 |
| Year 2 | $3.23 | +15.68% | 2.83% | $6.01 |
| Year 3 | $3.73 | +15.68% | 3.28% | $9.74 |
| Year 4 | $4.32 | +15.68% | 3.79% | $14.06 |
| Year 5 | $4.99 | +15.68% | 4.39% | $19.05 |
| Year 6 | $5.78 | +15.68% | 5.08% | $24.83 |
| Year 7 | $6.68 | +15.68% | 5.87% | $31.51 |
| Year 8 | $7.73 | +15.68% | 6.79% | $39.24 |
| Year 9 | $8.94 | +15.68% | 7.86% | $48.18 |
| Year 10 | $10.34 | +15.68% | 9.09% | $58.52 |
| Year 11 | $11.96 | +15.68% | 10.51% | $70.48 |
| Year 12 | $13.84 | +15.68% | 12.16% | $84.32 |
| Year 13 | $16.01 | +15.68% | 14.07% | $100.33 |
| Year 14 | $18.52 | +15.68% | 16.28% | $118.85 |
| Year 15 | $21.42 | +15.68% | 18.83% | $140.27 |
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
