Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 5.58%.
YIELD ON COST (YOC)
5.58%
PCQ now pays $0.43 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(2016-09-27) | $16.97 | 2.53% |
| 5 years ago(2021-09-29) | $18.81 | 2.29% |
| 3 years ago(2023-10-02) | $8.34 | 5.16% |
| 1 year ago(2025-10-06) | $8.74 | 4.92% |
| Buying today(at $7.76) | $7.76 | 5.58% |
Projection: starting from today's 5.58% yield, assuming the dividend keeps compounding at -13.8% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
5.58%
In 3 years
3.58%
In 5 years
2.67%
In 10 years
1.27%
Try your own purchase price, dividend and growth rate for PIMCO California Municipal Income Fund (PCQ).
Starting Yield
5.54%
Ending YOC
0.87%
Year 15 Dividend
$0.07
Cum. Dividends Recd.
$2.75
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $0.43 | N/A | 5.54% | $0.00 |
| Year 1 | $0.38 | -11.64% | 4.90% | $0.38 |
| Year 2 | $0.34 | -11.64% | 4.33% | $0.72 |
| Year 3 | $0.30 | -11.64% | 3.82% | $1.01 |
| Year 4 | $0.26 | -11.64% | 3.38% | $1.27 |
| Year 5 | $0.23 | -11.64% | 2.98% | $1.51 |
| Year 6 | $0.20 | -11.64% | 2.64% | $1.71 |
| Year 7 | $0.18 | -11.64% | 2.33% | $1.89 |
| Year 8 | $0.16 | -11.64% | 2.06% | $2.05 |
| Year 9 | $0.14 | -11.64% | 1.82% | $2.19 |
| Year 10 | $0.12 | -11.64% | 1.61% | $2.32 |
| Year 11 | $0.11 | -11.64% | 1.42% | $2.43 |
| Year 12 | $0.10 | -11.64% | 1.26% | $2.52 |
| Year 13 | $0.09 | -11.64% | 1.11% | $2.61 |
| Year 14 | $0.08 | -11.64% | 0.98% | $2.69 |
| Year 15 | $0.07 | -11.64% | 0.87% | $2.75 |
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
