Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 1.84%.
YIELD ON COST (YOC)
1.84%
NOC now pays $9.56 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(2016-09-08) | $212.73 | 4.49% |
| 5 years ago(2021-09-16) | $349.66 | 2.73% |
| 3 years ago(2023-09-07) | $430.99 | 2.22% |
| 1 year ago(2025-09-11) | $582.95 | 1.64% |
| Buying today(at $510.52) | $510.52 | 1.84% |
Projection: starting from today's 1.84% yield, assuming the dividend keeps compounding at 10.0% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
1.84%
In 3 years
2.45%
In 5 years
2.95%
In 10 years
4.74%
Try your own purchase price, dividend and growth rate for Northrop Grumman Corporation (NOC).
Starting Yield
1.87%
Ending YOC
7.47%
Year 15 Dividend
$38.12
Cum. Dividends Recd.
$324.24
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $9.56 | N/A | 1.87% | $0.00 |
| Year 1 | $10.48 | +9.66% | 2.05% | $10.48 |
| Year 2 | $11.50 | +9.66% | 2.25% | $21.98 |
| Year 3 | $12.61 | +9.66% | 2.47% | $34.59 |
| Year 4 | $13.82 | +9.66% | 2.71% | $48.41 |
| Year 5 | $15.16 | +9.66% | 2.97% | $63.57 |
| Year 6 | $16.62 | +9.66% | 3.26% | $80.20 |
| Year 7 | $18.23 | +9.66% | 3.57% | $98.43 |
| Year 8 | $19.99 | +9.66% | 3.92% | $118.42 |
| Year 9 | $21.92 | +9.66% | 4.29% | $140.34 |
| Year 10 | $24.04 | +9.66% | 4.71% | $164.38 |
| Year 11 | $26.36 | +9.66% | 5.16% | $190.74 |
| Year 12 | $28.91 | +9.66% | 5.66% | $219.65 |
| Year 13 | $31.70 | +9.66% | 6.21% | $251.35 |
| Year 14 | $34.76 | +9.66% | 6.81% | $286.12 |
| Year 15 | $38.12 | +9.66% | 7.47% | $324.24 |
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
