Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.28%.
YIELD ON COST (YOC)
3.28%
USB now pays $2.08 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(2016-07-26) | $41.97 | 4.96% |
| 5 years ago(2021-07-22) | $55.81 | 3.73% |
| 3 years ago(2023-07-25) | $37.86 | 5.49% |
| 1 year ago(2025-07-29) | $46.09 | 4.51% |
| Buying today(at $64.43) | $64.43 | 3.28% |
Projection: starting from today's 3.28% yield, assuming the dividend keeps compounding at its historical 3.8% rate. Boards set dividends each year, so actual figures will differ.
Today
3.28%
In 3 years
3.85%
In 5 years
4.28%
In 10 years
5.60%
Try your own purchase price, dividend and growth rate for U.S. Bancorp (USB).
Starting Yield
3.23%
Ending YOC
5.62%
Year 15 Dividend
$3.62
Cum. Dividends Recd.
$42.45
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.08 | N/A | 3.23% | $0.00 |
| Year 1 | $2.16 | +3.76% | 3.35% | $2.16 |
| Year 2 | $2.24 | +3.76% | 3.48% | $4.40 |
| Year 3 | $2.32 | +3.76% | 3.61% | $6.72 |
| Year 4 | $2.41 | +3.76% | 3.74% | $9.13 |
| Year 5 | $2.50 | +3.76% | 3.88% | $11.63 |
| Year 6 | $2.60 | +3.76% | 4.03% | $14.23 |
| Year 7 | $2.69 | +3.76% | 4.18% | $16.92 |
| Year 8 | $2.79 | +3.76% | 4.34% | $19.72 |
| Year 9 | $2.90 | +3.76% | 4.50% | $22.62 |
| Year 10 | $3.01 | +3.76% | 4.67% | $25.63 |
| Year 11 | $3.12 | +3.76% | 4.85% | $28.75 |
| Year 12 | $3.24 | +3.76% | 5.03% | $31.99 |
| Year 13 | $3.36 | +3.76% | 5.22% | $35.35 |
| Year 14 | $3.49 | +3.76% | 5.41% | $38.83 |
| Year 15 | $3.62 | +3.76% | 5.62% | $42.45 |
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
