Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.65%.
YIELD ON COST (YOC)
2.65%
TD now pays $3.10 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(2016-08-17) | $44.31 | 7.00% |
| 5 years ago(2021-08-25) | $68.10 | 4.55% |
| 3 years ago(2023-08-16) | $62.21 | 4.98% |
| 1 year ago(2025-08-20) | $73.71 | 4.21% |
| Buying today(at $116.55) | $116.55 | 2.65% |
Projection: starting from today's 2.65% yield, assuming the dividend keeps compounding at its historical 5.1% rate. Boards set dividends each year, so actual figures will differ.
Today
2.65%
In 3 years
3.14%
In 5 years
3.51%
In 10 years
4.65%
Try your own purchase price, dividend and growth rate for The Toronto-Dominion Bank (TD).
Starting Yield
2.66%
Ending YOC
5.63%
Year 15 Dividend
$6.57
Cum. Dividends Recd.
$71.02
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $3.10 | N/A | 2.66% | $0.00 |
| Year 1 | $3.26 | +5.13% | 2.80% | $3.26 |
| Year 2 | $3.43 | +5.13% | 2.94% | $6.69 |
| Year 3 | $3.60 | +5.13% | 3.09% | $10.29 |
| Year 4 | $3.79 | +5.13% | 3.25% | $14.07 |
| Year 5 | $3.98 | +5.13% | 3.42% | $18.06 |
| Year 6 | $4.19 | +5.13% | 3.59% | $22.24 |
| Year 7 | $4.40 | +5.13% | 3.78% | $26.64 |
| Year 8 | $4.63 | +5.13% | 3.97% | $31.27 |
| Year 9 | $4.86 | +5.13% | 4.17% | $36.13 |
| Year 10 | $5.11 | +5.13% | 4.39% | $41.24 |
| Year 11 | $5.37 | +5.13% | 4.61% | $46.62 |
| Year 12 | $5.65 | +5.13% | 4.85% | $52.27 |
| Year 13 | $5.94 | +5.13% | 5.10% | $58.21 |
| Year 14 | $6.25 | +5.13% | 5.36% | $64.45 |
| Year 15 | $6.57 | +5.13% | 5.63% | $71.02 |
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
