Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 6.28%.
YIELD ON COST (YOC)
6.28%
BTI now pays $3.32 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(2016-09-29) | $63.65 | 5.22% |
| 5 years ago(2021-10-07) | $34.65 | 9.58% |
| 3 years ago(2023-10-10) | $31.03 | 10.70% |
| 1 year ago(2025-10-02) | $52.35 | 6.34% |
| Buying today(at $52.88) | $52.88 | 6.28% |
Projection: starting from today's 6.28% yield, assuming the dividend keeps compounding at 1.9% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
6.28%
In 3 years
6.64%
In 5 years
6.90%
In 10 years
7.57%
Try your own purchase price, dividend and growth rate for British American Tobacco p.l.c. (BTI).
Starting Yield
6.28%
Ending YOC
9.75%
Year 15 Dividend
$5.16
Cum. Dividends Recd.
$63.50
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $3.32 | N/A | 6.28% | $0.00 |
| Year 1 | $3.42 | +2.98% | 6.47% | $3.42 |
| Year 2 | $3.52 | +2.98% | 6.66% | $6.94 |
| Year 3 | $3.63 | +2.98% | 6.86% | $10.57 |
| Year 4 | $3.73 | +2.98% | 7.06% | $14.30 |
| Year 5 | $3.85 | +2.98% | 7.27% | $18.14 |
| Year 6 | $3.96 | +2.98% | 7.49% | $22.10 |
| Year 7 | $4.08 | +2.98% | 7.71% | $26.18 |
| Year 8 | $4.20 | +2.98% | 7.94% | $30.38 |
| Year 9 | $4.32 | +2.98% | 8.18% | $34.71 |
| Year 10 | $4.45 | +2.98% | 8.42% | $39.16 |
| Year 11 | $4.59 | +2.98% | 8.67% | $43.74 |
| Year 12 | $4.72 | +2.98% | 8.93% | $48.47 |
| Year 13 | $4.86 | +2.98% | 9.20% | $53.33 |
| Year 14 | $5.01 | +2.98% | 9.47% | $58.34 |
| Year 15 | $5.16 | +2.98% | 9.75% | $63.50 |
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
