Dividend yield calculator
A dividend over a price, twice: what was paid last year, and what was just declared.
Fill it from a company
Illustrative inputs
Four for a quarterly payer. The indicated yield assumes the rate continues.
Trailing yield
3.20%
Dividends actually paid in the last twelve months, over your price.
- The yields differ by 0.40 pts: a changed rate, or a special dividend in the trailing figure.
Show the working
| Step | Value |
|---|---|
| Trailing yield, paid over price | 3.20% |
| Latest dividend x payments a year | 1.8 |
| Indicated yield, that over price | 3.60% |
| Indicated less trailing | 0.40 pts |
| Step | Value |
|---|---|
| Dividends paid per share | 1.6 |
| Divided by earnings per share | 4 |
| Payout ratio | 40.00% |
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How it works
Trailing yield = dividends paid, last 12 months / price
Indicated yield = latest dividend x payments a year / price
- Trailing is a fact with a document behind it; indicated adds one assumption, that the rate continues.
- Payout ratio = dividends paid / earnings per share, over the same twelve months.
- A blank dividend prints n/a, never 0.00%: unknown is not the same as nothing.
Reading the result
Both yields sit on one axis, so the gap between them is visible. The payout bar is the dividend as a share of earnings; past 100% it fills its frame and a note says so.
A gap of 0.25 points or more gets a note: either the rate changed, or a special dividend sits in the trailing figure.
Questions
Trailing or indicated: which yield is right?
Both, for different questions. If the rate changed recently, the indicated yield describes what the shares pay now. If a special dividend sits in the trailing figure, the trailing yield overstates the regular rate.
Why does the yield rise when the price falls?
The price is the denominator. A dividend is set once or twice a year while the price moves every day, so most of the movement in a yield is the price.
Is a blank dividend the same as zero?
No. Zero means the company paid nothing and its statements show it. Blank means the figure is unknown, so the page prints n/a rather than a zero that would sort like a fact.
Does it project future income?
No. It measures one company's shares at one price. Projecting income needs assumptions about future declarations, and the page does not make them.
What this leaves out
- Gross yield: withholding and dividend taxes are not applied.
- Buybacks return cash to shareholders too and do not appear here.
- A payout covered by earnings can still be funded by borrowing.
Next step
Name a company and this site drafts three numbers from its own filed figures and writes once when one breaks. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.
The arithmetic runs in your browser, so the numbers you type never leave it. A ticker in the address is read on this site to look the company up, and goes nowhere else. Disclaimer.