Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.12%.
YIELD ON COST (YOC)
3.12%
TS now pays $1.78 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(2016-08-04) | $27.10 | 6.57% |
| 5 years ago(2021-08-06) | $20.51 | 8.68% |
| 3 years ago(2023-08-01) | $33.60 | 5.30% |
| 1 year ago(2025-08-05) | $35.78 | 4.97% |
| Buying today(at $57.05) | $57.05 | 3.12% |
Projection: starting from today's 3.12% yield, assuming the dividend keeps compounding at its historical 19.4% rate. Boards set dividends each year, so actual figures will differ.
Today
3.12%
In 3 years
9.82%
In 5 years
21.10%
In 10 years
142.68%
Try your own purchase price, dividend and growth rate for Tenaris S.A. (TS).
Starting Yield
3.12%
Ending YOC
44.70%
Year 15 Dividend
$25.50
Cum. Dividends Recd.
$145.88
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.78 | N/A | 3.12% | $0.00 |
| Year 1 | $2.13 | +19.42% | 3.73% | $2.13 |
| Year 2 | $2.54 | +19.42% | 4.45% | $4.66 |
| Year 3 | $3.03 | +19.42% | 5.31% | $7.70 |
| Year 4 | $3.62 | +19.42% | 6.35% | $11.32 |
| Year 5 | $4.32 | +19.42% | 7.58% | $15.64 |
| Year 6 | $5.16 | +19.42% | 9.05% | $20.80 |
| Year 7 | $6.17 | +19.42% | 10.81% | $26.97 |
| Year 8 | $7.36 | +19.42% | 12.91% | $34.33 |
| Year 9 | $8.79 | +19.42% | 15.41% | $43.12 |
| Year 10 | $10.50 | +19.42% | 18.40% | $53.62 |
| Year 11 | $12.54 | +19.42% | 21.98% | $66.16 |
| Year 12 | $14.97 | +19.42% | 26.25% | $81.14 |
| Year 13 | $17.88 | +19.42% | 31.34% | $99.02 |
| Year 14 | $21.35 | +19.42% | 37.43% | $120.37 |
| Year 15 | $25.50 | +19.42% | 44.70% | $145.88 |
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
