Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.79%.
YIELD ON COST (YOC)
2.79%
TGT now pays $4.58 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(2016-08-31) | $70.19 | 6.53% |
| 5 years ago(2021-09-09) | $245.44 | 1.87% |
| 3 years ago(2023-08-30) | $126.95 | 3.61% |
| 1 year ago(2025-09-04) | $92.71 | 4.94% |
| Buying today(at $163.15) | $163.15 | 2.79% |
Projection: starting from today's 2.79% yield, assuming the dividend keeps compounding at 9.3% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.79%
In 3 years
3.64%
In 5 years
4.36%
In 10 years
6.82%
Try your own purchase price, dividend and growth rate for Target Corporation (TGT).
Starting Yield
2.81%
Ending YOC
13.47%
Year 15 Dividend
$21.97
Cum. Dividends Recd.
$175.22
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $4.58 | N/A | 2.81% | $0.00 |
| Year 1 | $5.08 | +11.02% | 3.12% | $5.08 |
| Year 2 | $5.65 | +11.02% | 3.46% | $10.73 |
| Year 3 | $6.27 | +11.02% | 3.84% | $17.00 |
| Year 4 | $6.96 | +11.02% | 4.26% | $23.95 |
| Year 5 | $7.72 | +11.02% | 4.73% | $31.68 |
| Year 6 | $8.58 | +11.02% | 5.26% | $40.25 |
| Year 7 | $9.52 | +11.02% | 5.84% | $49.78 |
| Year 8 | $10.57 | +11.02% | 6.48% | $60.35 |
| Year 9 | $11.73 | +11.02% | 7.19% | $72.08 |
| Year 10 | $13.03 | +11.02% | 7.99% | $85.11 |
| Year 11 | $14.46 | +11.02% | 8.87% | $99.57 |
| Year 12 | $16.06 | +11.02% | 9.84% | $115.63 |
| Year 13 | $17.83 | +11.02% | 10.93% | $133.46 |
| Year 14 | $19.79 | +11.02% | 12.13% | $153.25 |
| Year 15 | $21.97 | +11.02% | 13.47% | $175.22 |
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
