Dividend Yield Calculator
Calculate the dividend yield on a share from its annual dividend per share and the current or purchase share price.
Your results
Calculation breakdown
- Dividend yield
- dividend per share ÷ share price × 100
- Franking credit
- dividend × (tax rate ÷ (1 − tax rate))
- Grossed-up yield
- (dividend + franking credit) ÷ share price × 100
Worked example
A share pays a fully franked $1.50 annual dividend and trades at $40.00. The cash yield is 3.75%. With a 30% company tax rate, the franking credit is about $0.64, taking the grossed-up yield to roughly 5.36%.
Assumptions
- Franking credit estimate uses the standard 30% company tax rate unless you change it.
- Assumes the entered dividend per share is the full annual amount, not a single instalment.
- Grossed-up yield is a pre-tax comparison figure, not your after-tax return.
Sources
How this calculator works
Divide the annual dividend per share by the share price to find the dividend yield as a percentage. Toggle franking credits on to also see the grossed-up yield that includes the value of franking credits attached to fully franked Australian dividends.
Rates sourced from the Australian Taxation Office for the 2026–27 financial year. Last reviewed 01/07/2026.
Frequently asked questions
What is a grossed-up dividend yield?
It adds the value of attached franking credits to the cash dividend before dividing by share price, showing the pre-tax equivalent yield for a fully franked dividend.
Should I use the current price or my purchase price?
Use current price for the market yield, or your purchase price to see your personal yield on cost.
Does this account for dividend changes?
No, it uses the dividend figure you enter, so update it each time a company announces a new dividend.
Results are estimates only and are not financial, tax, legal or credit advice.
Rates and thresholds are configured for the 2026–27 Australian financial year and should be reviewed when government settings change.