Disclaimer: This calculator provides estimates only and should not be considered financial or tax advice. Dividend tax calculations use FY2025-26 rates. Franking credit refunds are subject to ATO rules including the 45-day holding rule. Always consult a qualified tax professional. Evercend Pty Limited does not hold an Australian Financial Services Licence.
Dividend yield calculator inputs and results
Share details
Total dividends paid per share over the financial year.
Australian companies often pay fully franked dividends.
Your tax details
Used to calculate tax on your dividend income at your marginal rate.
Enter your dividend details to begin
Enter the share price and annual dividend per share to calculate your yield, franking credits, and after-tax dividend income.
How dividend yield works
This calculator works out the dividend yield on a share and estimates the income after tax. It shows the gross yield, which is the annual dividend as a percentage of the share price, the cash income for the number of shares you hold, and an estimate of what is left after tax at your marginal rate. For franked dividends it can also show the grossed up figure that includes the franking credit.
How to use this calculator
Enter the share price
Enter the current share price.
Enter the dividend
Enter the annual dividend per share, or the dividend per payment and the number of payments in a year.
Enter the number of shares
Enter the number of shares you hold to see the total cash income.
Enter the franking details
Enter the franking percentage if the dividend is franked, and the company tax rate used for franking, either 30% or 25%.
Enter your income
Enter your other taxable income so the after-tax figure uses your marginal rate.
Read the results
The calculator shows the gross yield, the grossed up yield for a franked dividend, and the income after tax.
How this calculator works
Dividend yield is the annual dividend expressed as a percentage of the share price. You divide the annual dividend per share by the current share price and multiply by 100. Because the share price sits on the bottom of the sum, the yield rises when the price falls and falls when the price rises, even when the dividend does not change. A dividend is a share of a company's profit paid to shareholders. A company does not have to pay one, and can reduce or stop it. Dividends are assessable income in the year you receive them and are taxed at your marginal rate, so the after-tax value of a dividend depends on your other income. Many Australian company dividends are franked, which means the company has already paid tax on the profit and attaches a franking credit to the dividend. Under the imputation system you include both the cash dividend and the franking credit in your income, which is the grossed up dividend, and then claim the franking credit as a tax offset. If the credit is more than the tax on the dividend, the excess can be refunded to an Australian resident individual. The size of the franking credit follows the company tax rate used for franking, which is 30% for most listed companies or 25% for a base rate entity. Unfranked dividends carry no franking credit. A grossed up yield restates a franked cash yield to include the franking credit. This lets you compare a franked share with an unfranked investment on a before-tax basis.
Assumptions used
Assumptions used: an Australian resident individual; the dividend rate you enter continues for a full year; the after-tax estimate uses the FY2025-26 individual rates plus the Medicare levy; franking is applied at the company tax rate you select. The estimate does not model the 45 day holding period rule, the 5,000 dollar small shareholder exemption, the Medicare levy surcharge, or other tax offsets. Yield covers income only and ignores capital growth or loss.
Worked example
A share trades at 40 dollars and pays 2 dollars in dividends over a year. The gross dividend yield is 2 divided by 40, which is 5%.
On 1,000 shares the cash income is 2,000 dollars for the year.
If that 2 dollar dividend is fully franked from a company taxed at 30%, it carries a franking credit of about 0.86 dollars, which lifts the grossed up dividend to about 2.86 dollars and the grossed up yield to about 7.1%.
What is left after tax depends on the investor's marginal rate. The calculator applies the rate from the other income you enter.
What changes your dividend yield
Several things move your dividend yield and the tax outcome. The main ones are:
Share price
The share price, which sits under the dividend in the yield sum, so a lower price raises the yield.
Franking
Whether the dividend is franked, and the franking percentage, which set the franking credit.
Company tax rate
The company tax rate used for franking, either 30% or 25% for a base rate entity.
Your income
Your other taxable income, which sets the marginal rate applied to the dividend.
HELP or HECS
A HELP or HECS debt, since dividend income is part of the income used to work out a compulsory repayment.
Trailing vs forward yield
Whether the yield is trailing, based on dividends already paid, or forward, based on expected dividends, since a forward figure can change.
Rates and assumptions used
| Item | Value used | Source |
|---|---|---|
| Dividend yield | Annual dividend per share as a percentage of the current share price. Measures income only, not capital growth. | ASIC MoneySmart, Shares |
| Tax on dividends | Assessable income in the year received and taxed at your marginal rate. | ASIC MoneySmart, Investing and tax |
| Franked dividends and credits | Carry a franking credit for company tax already paid. Include the cash dividend and the credit in your income, then claim the credit as a tax offset. | ATO, How dividends are taxed |
| Franking credit refund | When franking credits are more than the tax due, the excess can be refunded to an Australian resident individual. | ATO, Refund of franking credits for individuals |
| Company tax rate for imputation | 30% for most listed companies or 25% for a base rate entity. Unfranked dividends carry no franking credit. | ATO, Allocating franking credits |
| ATO average yields | Average monthly dividend and franking credit yields published for a portfolio based on the All Ordinaries Index. | ATO, Average dividend and franking credit yields |
Figures checked against the sources above on 10 August 2026.
Frequently asked questions
It is the annual dividend shown as a percentage of the share price. It tells you the income a share pays relative to its price, and it does not include any capital growth or loss.
Related calculators and guides
Sources
- •ASIC MoneySmart, Shares
- •ASIC MoneySmart, Choosing shares to buy
- •ASIC MoneySmart, Investing and tax
- •ATO, How dividends are taxed
- •ATO, Refund of franking credits for individuals
- •ATO, Allocating franking credits
- •ATO, Average dividend and franking credit yields
Content reviewed and figures checked against the sources above on 10 August 2026.