Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.30%.
YIELD ON COST (YOC)
3.30%
CVX now pays $7.05 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(2016-09-12) | $102.25 | 6.89% |
| 5 years ago(2021-09-08) | $96.39 | 7.31% |
| 3 years ago(2023-09-11) | $163.76 | 4.31% |
| 1 year ago(2025-09-03) | $158.06 | 4.46% |
| Buying today(at $213.81) | $213.81 | 3.30% |
Projection: starting from today's 3.30% yield, assuming the dividend keeps compounding at 6.5% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.30%
In 3 years
3.99%
In 5 years
4.52%
In 10 years
6.21%
Try your own purchase price, dividend and growth rate for Chevron Corporation (CVX).
Starting Yield
3.30%
Ending YOC
7.68%
Year 15 Dividend
$16.42
Cum. Dividends Recd.
$170.99
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $7.05 | N/A | 3.30% | $0.00 |
| Year 1 | $7.46 | +5.80% | 3.49% | $7.46 |
| Year 2 | $7.89 | +5.80% | 3.69% | $15.35 |
| Year 3 | $8.35 | +5.80% | 3.90% | $23.70 |
| Year 4 | $8.83 | +5.80% | 4.13% | $32.53 |
| Year 5 | $9.35 | +5.80% | 4.37% | $41.88 |
| Year 6 | $9.89 | +5.80% | 4.62% | $51.77 |
| Year 7 | $10.46 | +5.80% | 4.89% | $62.23 |
| Year 8 | $11.07 | +5.80% | 5.18% | $73.30 |
| Year 9 | $11.71 | +5.80% | 5.48% | $85.01 |
| Year 10 | $12.39 | +5.80% | 5.79% | $97.40 |
| Year 11 | $13.11 | +5.80% | 6.13% | $110.50 |
| Year 12 | $13.87 | +5.80% | 6.49% | $124.37 |
| Year 13 | $14.67 | +5.80% | 6.86% | $139.04 |
| Year 14 | $15.52 | +5.80% | 7.26% | $154.57 |
| Year 15 | $16.42 | +5.80% | 7.68% | $170.99 |
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
