Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 15.27%.
YIELD ON COST (YOC)
15.27%
NLY now pays $2.85 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(2016-09-30) | $42.00 | 6.79% |
| 5 years ago(2021-09-28) | $35.24 | 8.09% |
| 3 years ago(2023-09-29) | $18.81 | 15.15% |
| 1 year ago(2025-10-03) | $20.76 | 13.73% |
| Buying today(at $18.50) | $18.50 | 15.27% |
Projection: starting from today's 15.27% yield, assuming the dividend keeps compounding at -6.0% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
15.27%
In 3 years
12.69%
In 5 years
11.22%
In 10 years
8.24%
Try your own purchase price, dividend and growth rate for Annaly Capital Management, Inc. (NLY).
Starting Yield
15.41%
Ending YOC
6.02%
Year 15 Dividend
$1.11
Cum. Dividends Recd.
$26.86
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.85 | N/A | 15.41% | $0.00 |
| Year 1 | $2.68 | -6.07% | 14.47% | $2.68 |
| Year 2 | $2.51 | -6.07% | 13.59% | $5.19 |
| Year 3 | $2.36 | -6.07% | 12.77% | $7.55 |
| Year 4 | $2.22 | -6.07% | 11.99% | $9.77 |
| Year 5 | $2.08 | -6.07% | 11.26% | $11.86 |
| Year 6 | $1.96 | -6.07% | 10.58% | $13.81 |
| Year 7 | $1.84 | -6.07% | 9.94% | $15.65 |
| Year 8 | $1.73 | -6.07% | 9.33% | $17.38 |
| Year 9 | $1.62 | -6.07% | 8.77% | $19.00 |
| Year 10 | $1.52 | -6.07% | 8.24% | $20.52 |
| Year 11 | $1.43 | -6.07% | 7.74% | $21.96 |
| Year 12 | $1.34 | -6.07% | 7.27% | $23.30 |
| Year 13 | $1.26 | -6.07% | 6.83% | $24.56 |
| Year 14 | $1.19 | -6.07% | 6.41% | $25.75 |
| Year 15 | $1.11 | -6.07% | 6.02% | $26.86 |
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
