Dividend Yield Calculator NZ

This calculator works out the dividend yield and annual income from a share holding in New Zealand, including the gross yield once imputation credits are added back. Dividend yield is the income return you get from shares, separate from any change in the share price, so it lets you compare how different investments pay you for holding them. You enter the annual dividend per share, the current share price, your number of shares, and how much of the dividend is imputed: fully imputed, half imputed or not imputed. The calculator returns your cash dividend yield, the gross yield with imputation credits added back, and your annual dollar income from the holding. The gross yield matters because many NZ dividends carry imputation credits for company tax already paid, so a fully imputed dividend is worth more after tax than the cash yield suggests, and grossing it up lets you compare it fairly against fully taxed income such as term deposit interest. Use the tool to check what a share is really paying at today's price, to compare income across holdings, or to see how imputation changes the picture. A high yield is not automatically good; it can signal a falling share price or a dividend at risk of being cut, so weigh it alongside total return and the sustainability of the company's payments. This is an estimate, not financial advice.

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6.00%
cash dividend yield
Gross yield (with credits)6.00%
Annual income$600

Cash yield is dividend divided by price. Gross yield adds imputation credits (28% company tax) back for the imputed portion, useful for comparing after-tax income. Yield is one measure; total return and dividend sustainability matter too. Estimate only, not advice.

How it works

The calculator divides the annual dividend per share by the share price to get the cash yield, and multiplies the dividend by your shares for the income. For the gross yield, it grosses up the imputed portion of the dividend for the 28% company tax already paid, since those credits reduce the tax you pay on the dividend. The gross yield lets you compare a dividend's true value against fully taxed income like interest.

Worked example

A $0.30 dividend on a $5.00 share is a 6% cash yield. If fully imputed, the gross yield is about 8.3%, because the imputation credits are worth extra to you. On 2,000 shares the cash income is $600 a year.

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Frequently asked questions

What is dividend yield?

Dividend yield is the annual dividend per share divided by the share price, as a percentage. It tells you the income return on the shares, separate from any change in their price. A $0.30 dividend on a $5 share is a 6% yield.

What is gross dividend yield?

NZ dividends often carry imputation credits for company tax already paid. The gross yield adds those credits back, so a fully imputed dividend has a higher gross yield than the cash yield. It is useful for comparing after-tax income across investments.

Is a high yield always good?

Not necessarily. A very high yield can signal a falling share price or a dividend that may be cut. Yield is one measure; total return (income plus price growth) and the sustainability of the dividend matter too.