Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.15%.
YIELD ON COST (YOC)
3.15%
INDB now pays $2.51 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(2016-10-04) | $53.38 | 4.70% |
| 5 years ago(2021-09-30) | $76.15 | 3.30% |
| 3 years ago(2023-10-03) | $47.61 | 5.27% |
| 1 year ago(2025-10-07) | $70.07 | 3.58% |
| Buying today(at $79.42) | $79.42 | 3.15% |
Projection: starting from today's 3.15% yield, assuming the dividend keeps compounding at 5.3% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.15%
In 3 years
3.68%
In 5 years
4.08%
In 10 years
5.27%
Try your own purchase price, dividend and growth rate for Independent Bank Corp. (INDB).
Starting Yield
3.16%
Ending YOC
6.66%
Year 15 Dividend
$5.29
Cum. Dividends Recd.
$57.35
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.51 | N/A | 3.16% | $0.00 |
| Year 1 | $2.64 | +5.10% | 3.32% | $2.64 |
| Year 2 | $2.77 | +5.10% | 3.49% | $5.41 |
| Year 3 | $2.91 | +5.10% | 3.67% | $8.32 |
| Year 4 | $3.06 | +5.10% | 3.86% | $11.39 |
| Year 5 | $3.22 | +5.10% | 4.05% | $14.61 |
| Year 6 | $3.38 | +5.10% | 4.26% | $17.99 |
| Year 7 | $3.56 | +5.10% | 4.48% | $21.54 |
| Year 8 | $3.74 | +5.10% | 4.71% | $25.28 |
| Year 9 | $3.93 | +5.10% | 4.95% | $29.21 |
| Year 10 | $4.13 | +5.10% | 5.20% | $33.34 |
| Year 11 | $4.34 | +5.10% | 5.46% | $37.67 |
| Year 12 | $4.56 | +5.10% | 5.74% | $42.23 |
| Year 13 | $4.79 | +5.10% | 6.03% | $47.03 |
| Year 14 | $5.04 | +5.10% | 6.34% | $52.06 |
| Year 15 | $5.29 | +5.10% | 6.66% | $57.35 |
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
