Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.82%.
YIELD ON COST (YOC)
3.82%
KMI now pays $1.18 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) | $22.40 | 5.27% |
| 5 years ago(2021-09-08) | $16.09 | 7.33% |
| 3 years ago(2023-09-11) | $16.67 | 7.08% |
| 1 year ago(2025-09-09) | $26.64 | 4.43% |
| Buying today(at $31.72) | $31.72 | 3.82% |
Projection: starting from today's 3.82% yield, assuming the dividend keeps compounding at 2.1% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.82%
In 3 years
4.07%
In 5 years
4.24%
In 10 years
4.70%
Try your own purchase price, dividend and growth rate for Kinder Morgan, Inc. (KMI).
Starting Yield
3.72%
Ending YOC
5.27%
Year 15 Dividend
$1.67
Cum. Dividends Recd.
$21.42
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.18 | N/A | 3.72% | $0.00 |
| Year 1 | $1.21 | +2.35% | 3.81% | $1.21 |
| Year 2 | $1.24 | +2.35% | 3.90% | $2.44 |
| Year 3 | $1.27 | +2.35% | 3.99% | $3.71 |
| Year 4 | $1.29 | +2.35% | 4.08% | $5.00 |
| Year 5 | $1.33 | +2.35% | 4.18% | $6.33 |
| Year 6 | $1.36 | +2.35% | 4.28% | $7.69 |
| Year 7 | $1.39 | +2.35% | 4.38% | $9.07 |
| Year 8 | $1.42 | +2.35% | 4.48% | $10.49 |
| Year 9 | $1.45 | +2.35% | 4.59% | $11.95 |
| Year 10 | $1.49 | +2.35% | 4.69% | $13.44 |
| Year 11 | $1.52 | +2.35% | 4.80% | $14.96 |
| Year 12 | $1.56 | +2.35% | 4.92% | $16.52 |
| Year 13 | $1.60 | +2.35% | 5.03% | $18.12 |
| Year 14 | $1.63 | +2.35% | 5.15% | $19.75 |
| Year 15 | $1.67 | +2.35% | 5.27% | $21.42 |
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
