Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 4.60%.
YIELD ON COST (YOC)
4.60%
T now pays $1.11 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(2016-07-20) | $32.24 | 3.44% |
| 5 years ago(2021-07-28) | $21.14 | 5.25% |
| 3 years ago(2023-07-19) | $14.59 | 7.61% |
| 1 year ago(2025-07-23) | $27.75 | 4.00% |
| Buying today(at $24.13) | $24.13 | 4.60% |
Projection: starting from today's 4.60% yield, assuming the dividend keeps compounding at its historical -11.8% rate. Boards set dividends each year, so actual figures will differ.
Today
4.60%
In 3 years
2.45%
In 5 years
1.62%
In 10 years
0.57%
Try your own purchase price, dividend and growth rate for AT&T Inc. (T).
Starting Yield
4.60%
Ending YOC
0.70%
Year 15 Dividend
$0.17
Cum. Dividends Recd.
$7.04
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.11 | N/A | 4.60% | $0.00 |
| Year 1 | $0.98 | +-11.80% | 4.06% | $0.98 |
| Year 2 | $0.86 | +-11.80% | 3.58% | $1.84 |
| Year 3 | $0.76 | +-11.80% | 3.16% | $2.60 |
| Year 4 | $0.67 | +-11.80% | 2.78% | $3.28 |
| Year 5 | $0.59 | +-11.80% | 2.46% | $3.87 |
| Year 6 | $0.52 | +-11.80% | 2.17% | $4.39 |
| Year 7 | $0.46 | +-11.80% | 1.91% | $4.85 |
| Year 8 | $0.41 | +-11.80% | 1.68% | $5.26 |
| Year 9 | $0.36 | +-11.80% | 1.49% | $5.62 |
| Year 10 | $0.32 | +-11.80% | 1.31% | $5.93 |
| Year 11 | $0.28 | +-11.80% | 1.16% | $6.21 |
| Year 12 | $0.25 | +-11.80% | 1.02% | $6.46 |
| Year 13 | $0.22 | +-11.80% | 0.90% | $6.67 |
| Year 14 | $0.19 | +-11.80% | 0.79% | $6.87 |
| Year 15 | $0.17 | +-11.80% | 0.70% | $7.04 |
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
