Dividend Calculator
Project dividend income and reinvested shares from a starting holding
This projects the cash a shareholding pays, and what happens if those dividends buy more shares. The share price stays at the price you enter, so the yield is not a forecast of the stock. For the yield percentage from price and dividend, use the dividend yield calculator. For a savings balance that compounds, use the compound interest table.
Calculator Inputs
Held flat. Reinvested shares are bought at this price.
Applied after each year’s dividend is paid
Results
Enter values above to see your results
A projection from the numbers you enter. It is not a forecast of a share price or a recommendation to buy.
How to use this calculator
- Enter the shares you own, the current price, and the annual dividend per share.
- Set yearly dividend growth. Zero means the dividend per share stays the same.
- Choose whether dividends buy more shares or are taken as cash, and how many years to run.
How the calculation works
Each year the income is shares × the dividend per share. If you reinvest, new shares are income ÷ the starting price, and those shares are added before the next year. After the dividend is paid, the dividend per share is multiplied by 1 plus the growth rate.
One hundred shares at $50, paying $2 a share with no growth, pay $200 in year one. Reinvested at $50, that buys 4 shares. Year two then pays 104 × $2 = $208.
What is held constant
The price does not rise or fall. Reinvested shares are bought at the price you typed, every year. Dividend growth changes only the dividend per share. Taxes, fees, and a changing yield are not included.
Worked example
100 shares, $50, $2 dividend, no growth, reinvested for 5 years
100 × $50= $5,000100 × $2= $200, which buys 4 shares104 × $2= $208Shares bought at $50= 121.67 shares, worth $6,083.26Tips & Best Practices
- •Use the current annual dividend, not a quarterly figure, unless you multiply the quarter by four first.
- •A growth rate of 0 keeps the dividend per share flat so you can see the effect of reinvestment alone.
Frequently Asked Questions
How is dividend income calculated?
Multiply the shares you hold that year by the annual dividend per share. If the dividend grows, the per-share amount increases after each payment.
What does reinvestment change?
The cash buys more shares at the price you entered. Those shares earn the next dividend. If you take the cash, the share count stays at the number you started with.
Is this the same as dividend yield?
No. Yield is the annual dividend divided by the price. This page projects dollars paid and shares owned over several years.
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