Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.60%.
YIELD ON COST (YOC)
3.60%
PNW now pays $3.64 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(2016-08-05) | $77.17 | 4.72% |
| 5 years ago(2021-08-03) | $80.98 | 4.49% |
| 3 years ago(2023-08-04) | $78.58 | 4.63% |
| 1 year ago(2025-08-08) | $92.62 | 3.93% |
| Buying today(at $101.03) | $101.03 | 3.60% |
Projection: starting from today's 3.60% yield, assuming the dividend keeps compounding at its historical 2.5% rate. Boards set dividends each year, so actual figures will differ.
Today
3.60%
In 3 years
3.88%
In 5 years
4.07%
In 10 years
4.60%
Try your own purchase price, dividend and growth rate for Pinnacle West Capital Corporation (PNW).
Starting Yield
3.60%
Ending YOC
5.22%
Year 15 Dividend
$5.27
Cum. Dividends Recd.
$66.90
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $3.64 | N/A | 3.60% | $0.00 |
| Year 1 | $3.73 | +2.50% | 3.69% | $3.73 |
| Year 2 | $3.82 | +2.50% | 3.79% | $7.56 |
| Year 3 | $3.92 | +2.50% | 3.88% | $11.48 |
| Year 4 | $4.02 | +2.50% | 3.98% | $15.49 |
| Year 5 | $4.12 | +2.50% | 4.08% | $19.61 |
| Year 6 | $4.22 | +2.50% | 4.18% | $23.83 |
| Year 7 | $4.33 | +2.50% | 4.28% | $28.16 |
| Year 8 | $4.43 | +2.50% | 4.39% | $32.59 |
| Year 9 | $4.55 | +2.50% | 4.50% | $37.14 |
| Year 10 | $4.66 | +2.50% | 4.61% | $41.80 |
| Year 11 | $4.78 | +2.50% | 4.73% | $46.58 |
| Year 12 | $4.90 | +2.50% | 4.85% | $51.47 |
| Year 13 | $5.02 | +2.50% | 4.97% | $56.49 |
| Year 14 | $5.14 | +2.50% | 5.09% | $61.63 |
| Year 15 | $5.27 | +2.50% | 5.22% | $66.90 |
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
