Dividend Calculator
Calculate dividend income, portfolio growth, and the effect of reinvesting your dividends.
A clearer picture.
Your Dividend Calc · Dividend Projection
Report date: . Estimates in USD.
Starting investment: $50,000 · Share price: $100 · Annual dividend per share: derived from yield · Dividend payments: 4/year · Annual contribution growth: 0%.
Contributions arrive at period start. Price and dividend growth compound monthly. Payments occur at period end, with tax deducted before reinvestment. Fractional shares are allowed. Cash is excluded from portfolio value.
Build your projection
Derived shares: 500 · Fractional shares allowed.
Derived annual dividend per share: $4. Based on your entered assumptions.
Illustrative inputs, not recommendations. All calculations run in your browser.
Monthly dividend income · gross equivalent
$984 after tax / month · 0% tax assumption
An estimate based on your inputs. Monthly equivalent is annual run-rate ÷ 12, not a payment schedule. Cash dividends are separate from portfolio value.
Based on your entered assumptions. No live market data is used.
How was this calculated?
- Entry mode
- By Amount
- Dividend entry
- By Yield
- Initial investment
- $50,000
- Initial shares
- 500
- Share price
- $100
- Annual dividend per share
- $4
- Starting yield
- 4%
- Dividend growth
- 0%
- Price growth
- 0%
- Reinvestment after tax
- 100%
- Dividend tax
- 0%
- Inflation
- 2.5%
- Contribution per payment
- $500
- Contribution frequency
- 12/year
- Contribution growth
- 0%
- Dividend frequency
- 4/year
- Yield cap
- No cap
- Horizon
- 20 years
Contributions buy fractional shares at period start. Price and raw annual dividend grow monthly at (1 + annual rate)^(1/12) − 1. The optional cap limits effective annual dividend to price × cap each month; raw dividend growth continues independently. Generic period-end payments equal shares × effective annual dividend / payments per year. Flat tax is deducted before DRIP; retained cash earns no interest and is excluded from portfolio value. Inflation discounts only ending portfolio value. Fees and capital-gains taxes are excluded.
At the end of year 20, $11,807 annual gross run-rate ÷ 12 = $984 monthly equivalent. This differs from the $11,429 actually simulated during that year. Yield on contributed capital divides the ending annual run-rate by external contributions; reinvestment is excluded from its denominator.
- Yield
- 4%
- Dividend growth
- 0%
- Price growth
- 0%
- Tax
- 0%
- Inflation
- 2.5%
- Reinvestment
- 100%
- Contribution
- $500 × 12/yr
- Horizon
- 20 years
- Yield cap
- No cap
Reinvestment / DRIP impact 100% vs 0% · $125,168 portfolio difference
All other inputs are identical. Difference = selected DRIP minus alternate. Retained cash remains separate from the portfolio.
| Metric | Selected 100% | Alternate 0% | Difference |
|---|---|---|---|
| Portfolio | $295,168 | $170,000 | $125,168 |
| Monthly gross income | $984 | $567 | $417 |
| Dividends reinvested | $125,168 | $0 | $125,168 |
| Cash retained | $0 | $88,600 | -$88,600 |
| Gross dividends | $125,168 | $88,600 | $36,568 |
Return breakdown Where the ending value comes from
- Initial investment
- $50,000
- Recurring external contributions
- $120,000
- Reinvested dividends
- $125,168
- Share-price growth / loss
- $0
- Final portfolio value
- $295,168
- Cash dividends retained separately
- $0
Portfolio = initial investment + recurring contributions + reinvested dividends + share-price change. Price change is accumulated monthly on shares held during each price movement. It is not inferred from a residual. Cash is excluded; gross dividends already include both reinvestment and cash before tax, so adding them again would double count.
Your projection, year by year
Use the year slider with your keyboard to inspect exact annual estimates.
High projection sensitivity
Changing dividend growth by 2 percentage points each way tests how much your income estimate moves over 20 years.
Current dividend growth: 0%. A spread above 100% of the base result, or a starting yield above 10%, triggers “High.” Above 30% triggers “Moderate.” These are mathematical flags, not investment ratings.
See sensitivity
Stress-test your assumptions
Preview a change from the start of the projection. This is scenario analysis, not a forecast.
Explore the annual projection table
Annual projection
Whole-dollar estimates| Year | Starting value | Contributions | Gross dividends | Taxes | Reinvested | Cash retained | Ending value | Annual income | Monthly equivalent |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $50,000 | $6,000 | $2,182 | $0 | $2,182 | $0 | $58,182 | $2,327 | $194 |
| 2 | $58,182 | $6,000 | $2,514 | $0 | $2,514 | $0 | $66,696 | $2,668 | $222 |
| 3 | $66,696 | $6,000 | $2,860 | $0 | $2,860 | $0 | $75,555 | $3,022 | $252 |
| 4 | $75,555 | $6,000 | $3,219 | $0 | $3,219 | $0 | $84,775 | $3,391 | $283 |
| 5 | $84,775 | $6,000 | $3,594 | $0 | $3,594 | $0 | $94,368 | $3,775 | $315 |
| 6 | $94,368 | $6,000 | $3,983 | $0 | $3,983 | $0 | $104,352 | $4,174 | $348 |
| 7 | $104,352 | $6,000 | $4,389 | $0 | $4,389 | $0 | $114,740 | $4,590 | $382 |
| 8 | $114,740 | $6,000 | $4,810 | $0 | $4,810 | $0 | $125,551 | $5,022 | $419 |
| 9 | $125,551 | $6,000 | $5,249 | $0 | $5,249 | $0 | $136,800 | $5,472 | $456 |
| 10 | $136,800 | $6,000 | $5,706 | $0 | $5,706 | $0 | $148,506 | $5,940 | $495 |
| 11 | $148,506 | $6,000 | $6,181 | $0 | $6,181 | $0 | $160,687 | $6,427 | $536 |
| 12 | $160,687 | $6,000 | $6,676 | $0 | $6,676 | $0 | $173,364 | $6,935 | $578 |
| 13 | $173,364 | $6,000 | $7,191 | $0 | $7,191 | $0 | $186,554 | $7,462 | $622 |
| 14 | $186,554 | $6,000 | $7,726 | $0 | $7,726 | $0 | $200,281 | $8,011 | $668 |
| 15 | $200,281 | $6,000 | $8,284 | $0 | $8,284 | $0 | $214,564 | $8,583 | $715 |
| 16 | $214,564 | $6,000 | $8,864 | $0 | $8,864 | $0 | $229,428 | $9,177 | $765 |
| 17 | $229,428 | $6,000 | $9,467 | $0 | $9,467 | $0 | $244,895 | $9,796 | $816 |
| 18 | $244,895 | $6,000 | $10,095 | $0 | $10,095 | $0 | $260,991 | $10,440 | $870 |
| 19 | $260,991 | $6,000 | $10,749 | $0 | $10,749 | $0 | $277,739 | $11,110 | $926 |
| 20 | $277,739 | $6,000 | $11,429 | $0 | $11,429 | $0 | $295,168 | $11,807 | $984 |
Contributions in each row exclude the initial investment. Income columns are the year-end gross run-rate; dividends are actual simulated payments within that year.
Illustrative dividend calendar Final projection year
Gross payments in year 20. Generic timing only: quarterly payments occur in March, June, September, and December; twice-yearly payments in June and December; yearly payments in December. These are not actual stock payment dates.
Keep exploring
Save up to 10 scenarios in this browser. No account needed.
For learning and planning only. These estimates follow your assumptions; actual prices, dividends, and taxes can differ. Results are not investment advice or a promise of future income.
See what makes your income grow.
Dividend projections have several moving parts. Contributions buy more shares, dividend growth changes each share’s payment, and reinvestment turns after-tax dividends into additional shares. Compare these effects without assuming they will happen.
Explore the calculation methodology →A simple example
$10,000 invested at a 4% annual dividend yield produces $400 in annual gross dividends, or about $33.33 per month in equivalent income.
With no growth, contributions, tax, or reinvestment, the portfolio stays at $10,000 and the $400 is received as cash. With quarterly full reinvestment, it ends at about $10,406.
Dividend calculations, explained
Is the monthly result a monthly payment?
No. It is the annual gross dividend run-rate at the end of your projection divided by 12. Your illustrative calendar follows the selected payment frequency.
What does partial DRIP mean?
DRIP means dividend reinvestment. At 50%, half of each after-tax dividend buys fractional shares and half remains cash. Cash does not earn interest in this model.
Does a higher yield mean a better investment?
This calculator does not rank investments. Yield is one mathematical input; distributions and prices can change independently, including dividend cuts.
How is yield on cost calculated?
The displayed yield on contributed capital is ending annual gross income divided by the initial investment plus recurring external contributions. Reinvested dividends are excluded from that denominator.
Are these historical or live market results?
Neither. All results are forward-looking illustrations from manual inputs. No stock quotes, historical returns, or actual payment dates are used.