Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.71%.
YIELD ON COST (YOC)
3.71%
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(2016-07-26) | $51.74 | 3.65% |
| 5 years ago(2021-08-03) | $83.79 | 2.26% |
| 3 years ago(2023-08-04) | $87.34 | 2.16% |
| 1 year ago(2025-07-29) | $72.81 | 2.60% |
| Buying today(at $50.90) | $50.90 | 3.71% |
Projection: starting from today's 3.71% yield, assuming the dividend keeps compounding at its historical 7.7% rate. Boards set dividends each year, so actual figures will differ.
Today
3.71%
In 3 years
4.91%
In 5 years
5.92%
In 10 years
9.45%
Try your own purchase price, dividend and growth rate for McCormick & Company, Incorporated (MKC).
Starting Yield
3.71%
Ending YOC
11.36%
Year 15 Dividend
$5.78
Cum. Dividends Recd.
$54.18
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.89 | N/A | 3.71% | $0.00 |
| Year 1 | $2.04 | +7.74% | 4.00% | $2.04 |
| Year 2 | $2.19 | +7.74% | 4.31% | $4.23 |
| Year 3 | $2.36 | +7.74% | 4.64% | $6.59 |
| Year 4 | $2.55 | +7.74% | 5.00% | $9.14 |
| Year 5 | $2.74 | +7.74% | 5.39% | $11.88 |
| Year 6 | $2.96 | +7.74% | 5.81% | $14.84 |
| Year 7 | $3.18 | +7.74% | 6.26% | $18.03 |
| Year 8 | $3.43 | +7.74% | 6.74% | $21.46 |
| Year 9 | $3.70 | +7.74% | 7.26% | $25.15 |
| Year 10 | $3.98 | +7.74% | 7.83% | $29.14 |
| Year 11 | $4.29 | +7.74% | 8.43% | $33.43 |
| Year 12 | $4.62 | +7.74% | 9.08% | $38.05 |
| Year 13 | $4.98 | +7.74% | 9.79% | $43.03 |
| Year 14 | $5.37 | +7.74% | 10.54% | $48.40 |
| Year 15 | $5.78 | +7.74% | 11.36% | $54.18 |
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
