Dividend Calculator

Calculate dividend income and DRIP growth over time.

Project dividend income, DRIP compounding, and portfolio value growth for any dividend-paying stock or ETF. See your annual income, total dividends received, and yield on cost at any time horizon.

Your position

$
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= $2.00 per share · $$200 / yr today
%
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Dividend Aristocrats avg: ~6–8% div growth · Conservative: 3–4%
Shares you plan to buy each year beyond DRIP
Current Yield4.00%
Yield on Cost21.85%
Final Shares205.86
Portfolio Value$33,011
Annual Dividend Income$1,092
Total Dividends Earned$10,838

Your yield on cost grows to 21.85% by year 20 — versus your current yield of 4.00% today. Dividend growth and DRIP compounding are doing the work.

Portfolio value over time
// WHAT IS DRIP INVESTING

How dividends compound into serious wealth.

A dividend is a cash payment a company makes to shareholders — typically every quarter — out of its profits. When you own a dividend-paying stock or ETF, you receive these payments simply for holding shares. A Dividend Reinvestment Plan (DRIP) takes those cash payments and automatically uses them to buy more shares instead. More shares means more dividends next quarter. Those dividends buy more shares. The cycle repeats — this is dividend compounding.

The longer you hold, the more powerful this becomes. Yield on cost is the metric that shows it most clearly: it measures your annual dividend income as a percentage of your original investment. A stock bought at a 4% yield that grows its dividend at 7% per year doubles its yield on cost in roughly 10 years — meaning you are earning 8% annually on the same dollars you originally invested, regardless of what the stock price does.

Dividend Aristocrats — companies that have raised their dividend every year for 25+ consecutive years — have historically grown dividends at 6 to 8% annually. Combined with share price appreciation and DRIP reinvestment, long-term dividend investors often see their income stream grow faster than inflation every single year. This calculator models all three forces simultaneously: price growth, dividend growth, and reinvestment compounding.

DRIP vs cash dividends over 30 years
Reinvesting dividends at 4% yield with 6% stock growth produces roughly 4x more wealth than taking cash
25+
Years of consecutive dividend growth
Required to qualify as a Dividend Aristocrat — the benchmark for dividend reliability
7%
Average Dividend Aristocrat growth rate
Annual dividend growth rate for companies in the S&P 500 Dividend Aristocrats index
// HOW IT WORKS

The DRIP compounding formula.

With DRIP (quarterly)
New shares = (S × DPS/4) ÷ P
Each quarter, your dividend payment buys fractional shares at the current price. Those shares immediately start paying dividends — creating quarterly compounding on top of annual price and dividend growth.
Without DRIP (cash)
Annual income = S × DPS
Dividends are paid as cash. Share count only grows if you manually purchase additional shares. Portfolio value still grows with stock price appreciation and dividend growth.
SCurrent shares owned (grows with each DRIP reinvestment)
DPSAnnual dividend per share (grows at dividend growth rate each year)
PCurrent share price (grows at stock growth rate each year)
YOCYield on Cost = (Final Annual Income ÷ Original Cost Basis) × 100

This calculator models pre-tax returns. Qualified dividends are taxed at 0%, 15%, or 20% depending on your income — the same rates as long-term capital gains. Dividends inside a Roth IRA or 401(k) grow tax-free or tax-deferred.

// FAQ

Common questions.

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