Dividend Yield Calculator
Enter the share price and the annual dividend per share (DPS) to compute the dividend yield; add earnings per share (EPS) to see the payout ratio (how sustainable the dividend is); plug in an investment amount to estimate shares affordable plus projected yearly and monthly income. Works for HK and US stocks, ETFs and REITs alike.
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Dividend Yield
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Payout Ratio
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Shares affordable
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Projected annual income
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Equivalent monthly
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Based on trailing dividends; future payouts are not guaranteed. Some HK-listed stocks pay in USD — convert if needed.
Formula
Dividend Yield (%) = DPS ÷ Price × 100 Payout Ratio (%) = DPS ÷ EPS × 100 Retention Ratio = 100 % − Payout Ratio Annual Income = (Amount ÷ Price) × DPS
- · Use the trailing-12-month dividend (TTM yield) — interim + final + special — which matches Yahoo Finance / Bloomberg / AAStocks dividend-yield figures.
- · Payout ratio = DPS ÷ EPS. 30–60 % is considered healthy; > 80 % flags sustainability risk; negative EPS makes the ratio meaningless.
- · Industry yield bands: < 2 % low (growth stocks); 2–5 % moderate (HSI median); 5–8 % high (REITs / banks); ≥ 8 % warrants a yield-trap check.
- · HK-listed companies usually pay twice a year (interim + final); REITs and some blue chips pay quarterly. This tool uses the full-year DPS regardless of frequency.
- · Yields shown are gross (pre-tax). HK has no dividend withholding tax on HK-listed stocks, but US-listed ADRs / equities are typically withheld at 30 % (10–15 % with treaty / W-8BEN).
- · A few HK names (e.g. AIA 1299, HSBC 0005) declare dividends in USD but trade in HKD — convert DPS to HKD using the rate on the ex-dividend date.
Frequently asked
Should I use the trailing (TTM) or forward dividend yield?
Both have a place. Trailing-twelve-months (TTM) yield = past 12 months' actual dividends ÷ current price — this is what Yahoo Finance, Bloomberg and AAStocks show by default and reflects real cash already paid. Downside: if a company has just cut its dividend, TTM lags reality and looks too high. Forward yield uses the next 12 months' expected DPS (analyst consensus or management guidance) ÷ current price — closer to what you'd actually receive, but it's a forecast. Rule of thumb: TTM for initial screening; forward when there's a known guidance change (e.g. HSBC restoring/suspending dividends). This tool uses whatever DPS you enter, so either approach works.
What is a "yield trap" and is anything above 8 % automatically bad?
A "yield trap" is a high yield caused by a falling share price rather than a genuinely generous dividend. The denominator collapses, so trailing yield spikes — but the next dividend announcement often cuts or suspends the payout. Classic case: HSBC (0005) in 2020 — the BoE forced a dividend suspension while the share price was already halved, leaving a phantom 9–10 % trailing yield. Checks to avoid being trapped: (a) is the payout ratio > 80 % (or > 100 %)? (b) does free cash flow cover the dividend? (c) is the 5-year DPS trend stable/growing or declining? (d) sector context — REITs, MLPs and shipping legitimately pay high yields, but cyclical miners or shipping at 12 % usually mean a cut is coming. So ≥ 8 % is not automatically bad, but it warrants real due diligence.
Do HK dividends incur tax? What about US stocks and ADRs?
Hong Kong only taxes profits / salaries sourced in HK — individual dividends from HK-listed companies are tax-free and need not be reported; brokers do not withhold. US-listed dividends carry a 30 % withholding for non-US persons by default. A signed W-8BEN reduces this if your country has a US tax treaty — Hong Kong does not (as of 2025), so HK residents typically pay the full 30 %. Chinese ADRs (e.g. BABA, JD) are doubly taxed: 10 % at the China level plus 30 % US withholding with no treaty relief, so net dividend ≈ stated × 0.7 × 0.9 ≈ 63 %. If you're building an income portfolio across US / ADRs, always net the yield after withholding before comparing it to HK names.
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