Calculator Tools
Dividend Yield Calculator
Calculate forward dividend yield, yield on cost, after-tax yield, and payout ratio in your browser. Multi-currency, no signup.
Dividend yield calculator
Enter the annual dividend and current share price to get the forward dividend yield, optional income at your share count, and after-tax view.
Inputs
Sum of the dividends a single share is expected to receive over the next 12 months.
The current market price you would pay or sell at today.
Used to project total annual dividend income.
How often the company actually pays the dividend.
Forward yield
Forward yield
3%
$3.00 per share divided by $100.00
- Shares
- 100
- Annual income
- $300.00
- Per quarterly income
- $75.00
Annual income divided by 4 payouts per year.
- Per-share payout
- $0.75 per period
Annual $3.00 divided across 4 payments.
Yield at alternative share prices
A falling price raises the yield on an unchanged dividend; a rising price lowers it. This table holds the annual dividend fixed and varies the price.
| Scenario | Share price | Yield | Annual income |
|---|---|---|---|
| -25% | $75.00 | 4% | $300.00 |
| -10% | $90.00 | 3.333% | $300.00 |
| Current | $100.00 | 3% | $300.00 |
| +10% | $110.00 | 2.727% | $300.00 |
| +25% | $125.00 | 2.4% | $300.00 |
| +50% | $150.00 | 2% | $300.00 |
Forward yield vs yield on cost
Forward yield divides the next 12 months of dividends by the current share price. It is the yield a new buyer can lock in today. Yield on cost (YOC) divides the same dividend by your actual purchase price. For long-term holders YOC tends to drift upward as the dividend grows even though the forward yield to a new buyer can stay flat or fall as the price rises.
What yield does not tell you
A high yield can be a sign of a quality income stock, or a warning that the price has fallen and the dividend may be cut. Always check the payout ratio, free cash flow coverage, and dividend history before assuming the yield is sustainable. Yield by itself does not measure total return; share-price changes usually dwarf the dividend over short horizons.
Payout ratio bands
Healthy mature businesses tend to pay 35% to 60% of earnings as dividends. Ratios above 80% leave little cushion for an earnings dip. Ratios above 100% (paying out more than the company earned) almost always end in a dividend cut unless earnings recover quickly. REITs are an exception: they are required to distribute most of their taxable income and run structurally high payout ratios.
After-tax yield
Dividends are usually taxed when received. In the US, qualified dividends are taxed at 0%, 15%, or 20% depending on income band. Many countries charge withholding tax on foreign dividends. The forward yield mode supports a flat tax rate so you can compare net-of-tax yield against a bond or savings account quoted at its gross rate. Always cross check long-term decisions with a qualified tax professional.
How to use
- Pick a mode: Forward yield, Yield on cost, or Payout ratio.
- Choose a currency. US Dollar is the default; switch to EUR, GBP, CAD, AUD, INR, JPY, SGD, or TRY as needed.
- Enter the annual dividend per share, the share or cost price, and (for forward yield) the number of shares and payout frequency.
- Toggle Apply dividend tax to see after-tax yield and income at your tax rate. Set a dividend growth rate to project yield on cost over 1, 3, 5, 10, and 20 years.
- Read the headline yield, the detail rows, and (for forward yield) the scenario table. Use Copy yield or Copy summary to grab the numbers.
About this tool
Dividend Yield Calculator covers the three canonical dividend questions retail investors search for. Forward yield divides the next 12 months of dividends per share by the current share price. Yield on cost divides the same dividend by the price you actually paid, which is the effective yield a long-term holder earns. Payout ratio divides the annual dividend by earnings per share to show what share of company profits are being returned to shareholders, with an assessment band that flags whether the dividend looks healthy, stretched, or unsustainable. The forward yield mode supports an optional share count to project total annual income, a payout frequency selector (monthly, quarterly, semi-annual, annual) to show per-payment income, and an optional dividend tax rate for an after-tax view. The yield on cost mode projects what the same dividend per share grows into in 1, 3, 5, 10, and 20 years at a chosen dividend growth rate, with the YOC at each horizon. The payout ratio mode also surfaces P/E ratio and earnings yield when a share price is supplied. A scenario table shows how the forward yield shifts at common price moves (down 25%, down 10%, current, up 10%, up 25%, up 50%) so you can see how price changes flip yield. Currency switches between US dollar, Euro, British pound, Canadian dollar, Australian dollar, Indian rupee, Japanese yen, Singapore dollar, and Turkish lira with full Intl currency formatting. Useful for sizing a dividend income portfolio, deciding whether a high-yield stock is a value buy or a yield trap, tracking yield on cost as a dividend grower compounds, and translating a gross yield into a take-home yield after dividend tax or foreign withholding. Projections assume constant rates and ignore dividend cuts, special dividends, and exchange-rate moves, so always cross check long term decisions with a qualified financial advisor.
Free to use. Works in your browser. No signup, no login.
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