Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.14%.
YIELD ON COST (YOC)
2.14%
CNI now pays $2.61 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(2016-09-06) | $65.44 | 3.99% |
| 5 years ago(2021-09-14) | $114.90 | 2.27% |
| 3 years ago(2023-09-15) | $116.40 | 2.24% |
| 1 year ago(2025-09-09) | $93.24 | 2.80% |
| Buying today(at $120.93) | $120.93 | 2.14% |
Projection: starting from today's 2.14% yield, assuming the dividend keeps compounding at 6.7% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.14%
In 3 years
2.60%
In 5 years
2.96%
In 10 years
4.09%
Try your own purchase price, dividend and growth rate for Canadian National Railway Company (CNI).
Starting Yield
2.16%
Ending YOC
6.87%
Year 15 Dividend
$8.30
Cum. Dividends Recd.
$76.67
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.61 | N/A | 2.16% | $0.00 |
| Year 1 | $2.82 | +8.02% | 2.33% | $2.82 |
| Year 2 | $3.05 | +8.02% | 2.52% | $5.86 |
| Year 3 | $3.29 | +8.02% | 2.72% | $9.15 |
| Year 4 | $3.55 | +8.02% | 2.94% | $12.71 |
| Year 5 | $3.84 | +8.02% | 3.17% | $16.55 |
| Year 6 | $4.15 | +8.02% | 3.43% | $20.69 |
| Year 7 | $4.48 | +8.02% | 3.70% | $25.17 |
| Year 8 | $4.84 | +8.02% | 4.00% | $30.01 |
| Year 9 | $5.23 | +8.02% | 4.32% | $35.24 |
| Year 10 | $5.65 | +8.02% | 4.67% | $40.88 |
| Year 11 | $6.10 | +8.02% | 5.04% | $46.98 |
| Year 12 | $6.59 | +8.02% | 5.45% | $53.57 |
| Year 13 | $7.12 | +8.02% | 5.88% | $60.68 |
| Year 14 | $7.69 | +8.02% | 6.36% | $68.37 |
| Year 15 | $8.30 | +8.02% | 6.87% | $76.67 |
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
