Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.84%.
YIELD ON COST (YOC)
3.84%
AVB now pays $7.06 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(2016-08-25) | $175.18 | 4.03% |
| 5 years ago(2021-08-23) | $223.15 | 3.16% |
| 3 years ago(2023-08-24) | $180.86 | 3.90% |
| 1 year ago(2025-08-28) | $194.61 | 3.63% |
| Buying today(at $68.14) | $68.14 | 3.84% |
Projection: starting from today's 3.84% yield, assuming the dividend keeps compounding at 2.4% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.84%
In 3 years
4.12%
In 5 years
4.32%
In 10 years
4.87%
Try your own purchase price, dividend and growth rate for AvalonBay Communities, Inc. (AVB).
Starting Yield
10.36%
Ending YOC
13.82%
Year 15 Dividend
$9.42
Cum. Dividends Recd.
$123.92
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $7.06 | N/A | 10.36% | $0.00 |
| Year 1 | $7.20 | +1.94% | 10.56% | $7.20 |
| Year 2 | $7.34 | +1.94% | 10.77% | $14.53 |
| Year 3 | $7.48 | +1.94% | 10.98% | $22.01 |
| Year 4 | $7.62 | +1.94% | 11.19% | $29.64 |
| Year 5 | $7.77 | +1.94% | 11.41% | $37.41 |
| Year 6 | $7.92 | +1.94% | 11.63% | $45.33 |
| Year 7 | $8.08 | +1.94% | 11.85% | $53.41 |
| Year 8 | $8.23 | +1.94% | 12.08% | $61.64 |
| Year 9 | $8.39 | +1.94% | 12.32% | $70.03 |
| Year 10 | $8.56 | +1.94% | 12.56% | $78.59 |
| Year 11 | $8.72 | +1.94% | 12.80% | $87.31 |
| Year 12 | $8.89 | +1.94% | 13.05% | $96.20 |
| Year 13 | $9.06 | +1.94% | 13.30% | $105.26 |
| Year 14 | $9.24 | +1.94% | 13.56% | $114.50 |
| Year 15 | $9.42 | +1.94% | 13.82% | $123.92 |
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
