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%
O now pays $3.24 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(2016-09-07) | $65.84 | 4.92% |
| 5 years ago(2021-09-15) | $66.30 | 4.89% |
| 3 years ago(2023-09-06) | $54.99 | 5.89% |
| 1 year ago(2025-09-10) | $59.45 | 5.45% |
| Buying today(at $59.57) | $59.57 | 5.44% |
Projection: starting from today's 5.44% yield, assuming the dividend keeps compounding at 3.9% 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
6.11%
In 5 years
6.60%
In 10 years
8.01%
Try your own purchase price, dividend and growth rate for Realty Income Corporation (O).
Starting Yield
5.44%
Ending YOC
9.10%
Year 15 Dividend
$5.42
Cum. Dividends Recd.
$64.65
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $3.24 | N/A | 5.44% | $0.00 |
| Year 1 | $3.35 | +3.49% | 5.63% | $3.35 |
| Year 2 | $3.47 | +3.49% | 5.83% | $6.82 |
| Year 3 | $3.59 | +3.49% | 6.03% | $10.41 |
| Year 4 | $3.72 | +3.49% | 6.24% | $14.13 |
| Year 5 | $3.85 | +3.49% | 6.46% | $17.98 |
| Year 6 | $3.98 | +3.49% | 6.68% | $21.96 |
| Year 7 | $4.12 | +3.49% | 6.92% | $26.08 |
| Year 8 | $4.26 | +3.49% | 7.16% | $30.34 |
| Year 9 | $4.41 | +3.49% | 7.41% | $34.75 |
| Year 10 | $4.57 | +3.49% | 7.66% | $39.32 |
| Year 11 | $4.73 | +3.49% | 7.93% | $44.04 |
| Year 12 | $4.89 | +3.49% | 8.21% | $48.93 |
| Year 13 | $5.06 | +3.49% | 8.50% | $53.99 |
| Year 14 | $5.24 | +3.49% | 8.79% | $59.23 |
| Year 15 | $5.42 | +3.49% | 9.10% | $64.65 |
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
