Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.65%.
YIELD ON COST (YOC)
2.65%
ALRS now pays $0.86 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(2016-09-30) | $17.04 | 5.05% |
| 5 years ago(2021-10-04) | $29.58 | 2.91% |
| 3 years ago(2023-10-05) | $17.64 | 4.88% |
| 1 year ago(2025-10-01) | $21.84 | 3.94% |
| Buying today(at $32.42) | $32.42 | 2.65% |
Projection: starting from today's 2.65% yield, assuming the dividend keeps compounding at 7.1% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.65%
In 3 years
3.26%
In 5 years
3.75%
In 10 years
5.29%
Try your own purchase price, dividend and growth rate for Alerus Financial Corporation (ALRS).
Starting Yield
2.65%
Ending YOC
7.03%
Year 15 Dividend
$2.28
Cum. Dividends Recd.
$22.55
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.86 | N/A | 2.65% | $0.00 |
| Year 1 | $0.92 | +6.71% | 2.83% | $0.92 |
| Year 2 | $0.98 | +6.71% | 3.02% | $1.90 |
| Year 3 | $1.04 | +6.71% | 3.22% | $2.94 |
| Year 4 | $1.12 | +6.71% | 3.44% | $4.06 |
| Year 5 | $1.19 | +6.71% | 3.67% | $5.25 |
| Year 6 | $1.27 | +6.71% | 3.92% | $6.52 |
| Year 7 | $1.35 | +6.71% | 4.18% | $7.87 |
| Year 8 | $1.45 | +6.71% | 4.46% | $9.32 |
| Year 9 | $1.54 | +6.71% | 4.76% | $10.86 |
| Year 10 | $1.65 | +6.71% | 5.08% | $12.51 |
| Year 11 | $1.76 | +6.71% | 5.42% | $14.26 |
| Year 12 | $1.87 | +6.71% | 5.78% | $16.14 |
| Year 13 | $2.00 | +6.71% | 6.17% | $18.14 |
| Year 14 | $2.13 | +6.71% | 6.59% | $20.27 |
| Year 15 | $2.28 | +6.71% | 7.03% | $22.55 |
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
