Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 5.44%.
YIELD ON COST (YOC)
5.44%
NNN now pays $2.42 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) | $51.18 | 4.73% |
| 5 years ago(2021-09-14) | $45.65 | 5.30% |
| 3 years ago(2023-09-05) | $38.51 | 6.28% |
| 1 year ago(2025-09-09) | $42.68 | 5.67% |
| Buying today(at $44.13) | $44.13 | 5.44% |
Projection: starting from today's 5.44% yield, assuming the dividend keeps compounding at 3.0% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
5.44%
In 3 years
5.94%
In 5 years
6.30%
In 10 years
7.29%
Try your own purchase price, dividend and growth rate for NNN REIT, Inc. (NNN).
Starting Yield
5.48%
Ending YOC
8.13%
Year 15 Dividend
$3.59
Cum. Dividends Recd.
$45.07
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.42 | N/A | 5.48% | $0.00 |
| Year 1 | $2.48 | +2.66% | 5.63% | $2.48 |
| Year 2 | $2.55 | +2.66% | 5.78% | $5.03 |
| Year 3 | $2.62 | +2.66% | 5.93% | $7.65 |
| Year 4 | $2.69 | +2.66% | 6.09% | $10.34 |
| Year 5 | $2.76 | +2.66% | 6.25% | $13.10 |
| Year 6 | $2.83 | +2.66% | 6.42% | $15.93 |
| Year 7 | $2.91 | +2.66% | 6.59% | $18.84 |
| Year 8 | $2.99 | +2.66% | 6.77% | $21.83 |
| Year 9 | $3.06 | +2.66% | 6.95% | $24.89 |
| Year 10 | $3.15 | +2.66% | 7.13% | $28.04 |
| Year 11 | $3.23 | +2.66% | 7.32% | $31.27 |
| Year 12 | $3.32 | +2.66% | 7.51% | $34.58 |
| Year 13 | $3.40 | +2.66% | 7.71% | $37.99 |
| Year 14 | $3.49 | +2.66% | 7.92% | $41.48 |
| Year 15 | $3.59 | +2.66% | 8.13% | $45.07 |
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
