Free Dividend Yield Calculator for ASX Shares

Enter a share price and annual dividend to estimate your dividend yield, your grossed-up (franking-inclusive) yield, and the annual income from your holding.

Dividend yield is the annual dividend divided by the current share price, expressed as a percentage. A share priced at $28.50 paying $1.70 a year yields 5.96%. For Australian investors the more useful figure is often the grossed-up yield, which adds the franking credit the dividend carries: fully franked from a 30%-taxed company, that same share yields 8.52% grossed-up. Figures are an estimate, not financial advice.

How to calculate dividend yield

The formula is:

dividend yield = annual dividend per share ÷ current share price

Worked example: a share trading at $28.50 that paid $1.70 in dividends over the past year yields $1.70 ÷ $28.50 = 0.0596, or 5.96%. If you hold 500 shares, that is $850.00 of annual dividend income.

Yield moves whenever the price moves. A falling share price raises the reported yield without a single extra cent being paid — which is why a very high yield is a prompt to ask why the price fell, not a result on its own.

Trailing yield vs forward yield

A trailing yield uses the dividends actually paid over the past 12 months: it is factual, but it describes a year that has finished. A forward yield uses forecast dividends: it describes the year you are investing in, but it is a forecast and can be wrong. The calculator uses whichever figure you enter and cannot tell the two apart — so be clear with yourself about which one you have typed in.

Grossed-up dividend yield (including franking credits)

An Australian resident receiving a franked dividend also receives a franking credit for the company tax already paid. Adding it gives the grossed-up yield, which is the comparable figure when weighing a franked ASX dividend against an unfranked one:

grossed-up yield = (dividend per share + franking credit per share) ÷ share price

Worked example: $1.70 fully franked from a 30%-taxed company carries a credit of $1.70 × 30 ÷ 70 = $0.7286 per share. The grossed-up dividend is $2.4286, so on a $28.50 price the grossed-up yield is 8.52% against a cash yield of 5.96%.

Whether you can actually use the credit in full depends on your own tax position and on the holding-period rules. Estimate your franking credit and refund.

Dividend yield and total return

Yield is one half of a return. The other is the change in the share price, and a portfolio chosen on yield alone can lose more in capital value than it collects in income. Dividends are also not guaranteed: they are declared by the board each period and can be cut.

Track dividend income and franking credits across your portfolio with Crowdfolio →

Frequently asked questions

How do you calculate dividend yield

Divide the annual dividend per share by the current share price. A share at $28.50 paying $1.70 a year yields $1.70 ÷ $28.50 = 5.96%. Multiply by 100 to express it as a percentage.

What is the dividend yield formula

dividend yield = annual dividend per share ÷ share price. For a whole holding it is the same figure: total annual dividends divided by the total market value of the holding.

What is a grossed-up dividend yield

It is the yield including the franking credit attached to the dividend. Add the franking credit per share to the dividend per share, then divide by the price. A $1.70 fully franked dividend from a 30%-taxed company carries a $0.7286 credit, so on a $28.50 share the grossed-up yield is 8.52% against a cash yield of 5.96%.

How do I calculate my annual dividend income

Multiply the annual dividend per share by the number of shares you hold. 500 shares paying $1.70 each produce $850.00 a year before tax, plus $364.29 of franking credits if the dividends are fully franked from a 30%-taxed company.

Is a high dividend yield good

Not on its own. Yield rises when the share price falls, so an unusually high yield often reflects a market view that the dividend is at risk rather than a bargain. Yield is also only half of total return — the change in share price is the other half. This is factual information, not a recommendation.

This calculator is a general, factual tool and provides an estimate only. It is not financial or tax advice. Dividend yields change with the share price and dividends are not guaranteed. Whether you can use franking credits depends on your own circumstances — consult a registered tax agent or financial adviser before acting.