Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.68%.
YIELD ON COST (YOC)
3.68%
MKC now pays $1.89 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) | $50.99 | 3.71% |
| 5 years ago(2021-09-14) | $85.08 | 2.22% |
| 3 years ago(2023-09-15) | $79.79 | 2.37% |
| 1 year ago(2025-09-09) | $69.63 | 2.71% |
| Buying today(at $49.86) | $49.86 | 3.68% |
Projection: starting from today's 3.68% yield, assuming the dividend keeps compounding at 7.2% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.68%
In 3 years
4.53%
In 5 years
5.19%
In 10 years
7.32%
Try your own purchase price, dividend and growth rate for McCormick & Company, Incorporated (MKC).
Starting Yield
3.79%
Ending YOC
11.34%
Year 15 Dividend
$5.66
Cum. Dividends Recd.
$53.44
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.89 | N/A | 3.79% | $0.00 |
| Year 1 | $2.03 | +7.58% | 4.08% | $2.03 |
| Year 2 | $2.19 | +7.58% | 4.39% | $4.22 |
| Year 3 | $2.35 | +7.58% | 4.72% | $6.57 |
| Year 4 | $2.53 | +7.58% | 5.08% | $9.11 |
| Year 5 | $2.72 | +7.58% | 5.46% | $11.83 |
| Year 6 | $2.93 | +7.58% | 5.88% | $14.76 |
| Year 7 | $3.15 | +7.58% | 6.32% | $17.91 |
| Year 8 | $3.39 | +7.58% | 6.80% | $21.30 |
| Year 9 | $3.65 | +7.58% | 7.32% | $24.95 |
| Year 10 | $3.92 | +7.58% | 7.87% | $28.87 |
| Year 11 | $4.22 | +7.58% | 8.47% | $33.10 |
| Year 12 | $4.54 | +7.58% | 9.11% | $37.64 |
| Year 13 | $4.89 | +7.58% | 9.80% | $42.52 |
| Year 14 | $5.26 | +7.58% | 10.54% | $47.78 |
| Year 15 | $5.66 | +7.58% | 11.34% | $53.44 |
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
