Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 0.63%.
YIELD ON COST (YOC)
0.63%
TPL now pays $2.33 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) | $19.78 | 11.78% |
| 5 years ago(2021-09-14) | $135.01 | 1.73% |
| 3 years ago(2023-09-15) | $196.79 | 1.18% |
| 1 year ago(2025-09-09) | $300.04 | 0.78% |
| Buying today(at $341.07) | $341.07 | 0.63% |
Projection: starting from today's 0.63% yield, assuming the dividend keeps compounding at -34.1% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
0.63%
In 3 years
0.18%
In 5 years
0.08%
In 10 years
0.01%
Try your own purchase price, dividend and growth rate for Texas Pacific Land Corporation (TPL).
Starting Yield
0.68%
Ending YOC
0.00%
Year 15 Dividend
$0.01
Cum. Dividends Recd.
$5.68
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.33 | N/A | 0.68% | $0.00 |
| Year 1 | $1.66 | -28.95% | 0.49% | $1.66 |
| Year 2 | $1.18 | -28.95% | 0.34% | $2.83 |
| Year 3 | $0.84 | -28.95% | 0.25% | $3.67 |
| Year 4 | $0.59 | -28.95% | 0.17% | $4.26 |
| Year 5 | $0.42 | -28.95% | 0.12% | $4.68 |
| Year 6 | $0.30 | -28.95% | 0.09% | $4.98 |
| Year 7 | $0.21 | -28.95% | 0.06% | $5.20 |
| Year 8 | $0.15 | -28.95% | 0.04% | $5.35 |
| Year 9 | $0.11 | -28.95% | 0.03% | $5.45 |
| Year 10 | $0.08 | -28.95% | 0.02% | $5.53 |
| Year 11 | $0.05 | -28.95% | 0.02% | $5.59 |
| Year 12 | $0.04 | -28.95% | 0.01% | $5.62 |
| Year 13 | $0.03 | -28.95% | 0.01% | $5.65 |
| Year 14 | $0.02 | -28.95% | 0.01% | $5.67 |
| Year 15 | $0.01 | -28.95% | 0.00% | $5.68 |
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
