Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 1.92%.
YIELD ON COST (YOC)
1.92%
RCL now pays $5.00 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) | $69.08 | 7.24% |
| 5 years ago(2021-09-14) | $82.42 | 6.07% |
| 3 years ago(2023-09-15) | $97.42 | 5.13% |
| 1 year ago(2025-09-09) | $345.31 | 1.45% |
| Buying today(at $230.30) | $230.30 | 1.92% |
Projection: starting from today's 1.92% yield, assuming the dividend keeps compounding at 4.3% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
1.92%
In 3 years
2.18%
In 5 years
2.38%
In 10 years
2.94%
Try your own purchase price, dividend and growth rate for Royal Caribbean Cruises Ltd. (RCL).
Starting Yield
2.17%
Ending YOC
196.18%
Year 15 Dividend
$451.80
Cum. Dividends Recd.
$1722.62
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $5.00 | N/A | 2.17% | $0.00 |
| Year 1 | $6.75 | +35.02% | 2.93% | $6.75 |
| Year 2 | $9.12 | +35.02% | 3.96% | $15.87 |
| Year 3 | $12.31 | +35.02% | 5.34% | $28.17 |
| Year 4 | $16.62 | +35.02% | 7.22% | $44.79 |
| Year 5 | $22.44 | +35.02% | 9.74% | $67.23 |
| Year 6 | $30.29 | +35.02% | 13.15% | $97.52 |
| Year 7 | $40.90 | +35.02% | 17.76% | $138.42 |
| Year 8 | $55.23 | +35.02% | 23.98% | $193.65 |
| Year 9 | $74.57 | +35.02% | 32.38% | $268.22 |
| Year 10 | $100.68 | +35.02% | 43.72% | $368.90 |
| Year 11 | $135.94 | +35.02% | 59.03% | $504.84 |
| Year 12 | $183.55 | +35.02% | 79.70% | $688.39 |
| Year 13 | $247.83 | +35.02% | 107.61% | $936.22 |
| Year 14 | $334.61 | +35.02% | 145.29% | $1270.83 |
| Year 15 | $451.80 | +35.02% | 196.18% | $1722.62 |
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
