Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.90%.
YIELD ON COST (YOC)
3.90%
CNQ now pays $1.75 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(2016-08-01) | $14.54 | 12.04% |
| 5 years ago(2021-07-23) | $16.30 | 10.74% |
| 3 years ago(2023-07-26) | $29.98 | 5.84% |
| 1 year ago(2025-07-30) | $31.90 | 5.49% |
| Buying today(at $44.19) | $44.19 | 3.90% |
Projection: starting from today's 3.90% yield, assuming the dividend keeps compounding at its historical 22.8% rate. Boards set dividends each year, so actual figures will differ.
Today
3.90%
In 3 years
9.04%
In 5 years
15.83%
In 10 years
64.24%
Try your own purchase price, dividend and growth rate for Canadian Natural Resources Limited (CNQ).
Starting Yield
3.96%
Ending YOC
86.34%
Year 15 Dividend
$38.15
Cum. Dividends Recd.
$196.00
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.75 | N/A | 3.96% | $0.00 |
| Year 1 | $2.15 | +22.81% | 4.86% | $2.15 |
| Year 2 | $2.64 | +22.81% | 5.97% | $4.79 |
| Year 3 | $3.24 | +22.81% | 7.34% | $8.03 |
| Year 4 | $3.98 | +22.81% | 9.01% | $12.01 |
| Year 5 | $4.89 | +22.81% | 11.06% | $16.90 |
| Year 6 | $6.00 | +22.81% | 13.59% | $22.90 |
| Year 7 | $7.37 | +22.81% | 16.69% | $30.28 |
| Year 8 | $9.06 | +22.81% | 20.49% | $39.33 |
| Year 9 | $11.12 | +22.81% | 25.17% | $50.45 |
| Year 10 | $13.66 | +22.81% | 30.91% | $64.11 |
| Year 11 | $16.77 | +22.81% | 37.96% | $80.88 |
| Year 12 | $20.60 | +22.81% | 46.61% | $101.48 |
| Year 13 | $25.30 | +22.81% | 57.25% | $126.78 |
| Year 14 | $31.07 | +22.81% | 70.31% | $157.85 |
| Year 15 | $38.15 | +22.81% | 86.34% | $196.00 |
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
