Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 10.20%.
YIELD ON COST (YOC)
10.20%
ARCC now pays $1.92 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(2016-10-07) | $15.50 | 12.39% |
| 5 years ago(2021-10-01) | $20.63 | 9.31% |
| 3 years ago(2023-10-04) | $18.75 | 10.24% |
| 1 year ago(2025-10-08) | $19.67 | 9.76% |
| Buying today(at $18.68) | $18.68 | 10.20% |
Projection: starting from today's 10.20% yield, assuming the dividend keeps compounding at 4.4% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
10.20%
In 3 years
11.59%
In 5 years
12.62%
In 10 years
15.60%
Try your own purchase price, dividend and growth rate for Ares Capital Corporation (ARCC).
Starting Yield
10.28%
Ending YOC
17.75%
Year 15 Dividend
$3.32
Cum. Dividends Recd.
$39.02
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.92 | N/A | 10.28% | $0.00 |
| Year 1 | $1.99 | +3.71% | 10.66% | $1.99 |
| Year 2 | $2.07 | +3.71% | 11.05% | $4.06 |
| Year 3 | $2.14 | +3.71% | 11.46% | $6.20 |
| Year 4 | $2.22 | +3.71% | 11.89% | $8.42 |
| Year 5 | $2.30 | +3.71% | 12.33% | $10.72 |
| Year 6 | $2.39 | +3.71% | 12.79% | $13.11 |
| Year 7 | $2.48 | +3.71% | 13.26% | $15.59 |
| Year 8 | $2.57 | +3.71% | 13.76% | $18.16 |
| Year 9 | $2.66 | +3.71% | 14.27% | $20.82 |
| Year 10 | $2.76 | +3.71% | 14.80% | $23.59 |
| Year 11 | $2.87 | +3.71% | 15.34% | $26.45 |
| Year 12 | $2.97 | +3.71% | 15.91% | $29.43 |
| Year 13 | $3.08 | +3.71% | 16.50% | $32.51 |
| Year 14 | $3.20 | +3.71% | 17.12% | $35.71 |
| Year 15 | $3.32 | +3.71% | 17.75% | $39.02 |
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
