Dividend Calculator
From dividend per share, share price and shares held, compute the dividend yield and the annual dividend income.
輸入資料
計算結果
重點速覽：Dividend yield = DPS / price x 100% (return on price from dividends); annual income = DPS x shares held (cash received). Example: DPS 2, price 50, 1,000 shares → yield 4%, income 2,000. Yield compares payout efficiency across stocks; income reflects your actual receipt. WARNING: High yield is not always good (may signal price crash); dividends can be cut; HK dividends untaxed but overseas may be withheld; pair with payout ratio and earnings stability. Education, not advice.
計算公式
股息收益率 = 每股股息 ÷ 每股股價 × 100%。
年度股息收入 = 每股股息 × 持股數。
$$股息收益率：$Yield = \dfrac{DPS}{Price}\times100\%$$$$$年度股息收入：$Income = DPS\times Shares$$$$$示例：$\dfrac{2}{50}=4\%$,$2\times1000=2000$$$使用說明
- Enter the annual dividend per share.
- Enter the current or purchase share price.
- Enter shares held to view yield and annual income.
不同每股股息、股價與持股數下的收益率與年股息收入
| 每股股息 (HK$) | 每股股價 (HK$) | 持股數 | 股息收益率 | 年度股息收入 (HK$) |
|---|---|---|---|---|
| 2 | 50 | 1,000 | 4% | 2,000 |
| 1.5 | 30 | 2,000 | 5% | 3,000 |
| 3 | 100 | 500 | 3% | 1,500 |
理財情境案例
案例一：計算股息收益率與年收入
某股票每股派息 HK$2，現價 HK$50，某投資者持有 1,000 股。
股息收益率 = 2 ÷ 50 × 100% = 4%；年度股息收入 = 2 × 1,000 = HK$2,000。
解讀：以現價 HK$50 買入，每投入一元每年約收 4% 股息；持有 1,000 股一年可收 HK$2,000 股息。對追求穩定現金流的投資者 (如退休人士),股息收益率與股息收入是評估『收息股』的重要指標。
案例二：高股息絕對值不等於高收益率
股票 A：每股派息 HK$3、股價 HK$100，收益率 = 3 ÷ 100 = 3%。股票 B：每股派息 HK$1.5、股價 HK$30，收益率 = 1.5 ÷ 30 = 5%。
A 每股派的錢 (3 元) 是 B (1.5 元) 的兩倍，但因為 A 股價高，其股息收益率 (3%) 反而低於 B (5%)。
解讀：比較『收息效率』要看收益率，不能只看每股派多少錢——股價高的股票即使派息絕對值大，收益率未必高。不過要提醒：股息收益率並非越高越好，異常高的收益率有時是因為『股價大跌』造成 (分母變小),背後可能反映公司經營惡化、股息難以持續。評估收息股時，除了看收益率，還要看派息的『穩定性與可持續性』(如派息比率、盈利與現金流狀況)。⚠️ 本計算器只算收益率與收入，不構成投資建議，股息與股價均可能變動。
常見問題
Is a higher dividend yield always better?
Not necessarily. A healthy high yield comes from stable earnings and generous policy; but often a high yield is 'passively' inflated by a price crash (smaller denominator) reflecting market worry or expected cut — a 'yield trap'. Judge with payout ratio (too high unsustainable), earnings/cash-flow stability and payout history, not the yield alone.
Are dividends guaranteed?
No. Dividends are not a contractual obligation but decided by the board per earnings and cash — they can be cut, suspended or cancelled, especially in downturns or when retaining cash. Past consecutive payouts show intent and ability, not a future guarantee. Income-dependent investors should diversify, prefer stable profitable payers with reasonable payout ratios, and watch fundamentals.
Do I need to consider tax on dividends?
Depends on the source. Hong Kong does not tax dividends, so local-listed cash dividends are generally received in full. But overseas stocks (e.g. US) are often subject to withholding tax (non-residents typically 30% for US), so actual receipt is less. Funds/ETFs may also charge fees. This calculator shows pre-tax, pre-fee book income; adjust for your holding's tax and costs.
Is higher yield always better — what to watch?
No — an abnormally high yield can be a warning, a key income-investing concept. Yield = DPS / price, changing with either numerator or denominator. When you see an unusually high yield, distinguish the cause. A healthy high yield comes from stable earnings and generous payout; but often it is a price crash inflating the ratio — reflecting market worry (earnings drop, industry headwind, financial trouble). Then the high yield is a value trap: you may buy high income but the company may cut or cancel the dividend and the price may keep falling. So don't judge by yield alone — consider: (1) payout sustainability — payout ratio vs earnings/cash flow; (2) payout record — stable or growing; (3) industry/outlook; (4) yield vs peers. Stable, sustainable moderate yields often beat suspiciously high ones. This tool shows current yield; investment worth needs fundamentals. Not advice.
Are Hong Kong dividends taxed, and are they guaranteed?
Two parts. Tax: Hong Kong is dividend-friendly — generally, dividends received by HK residents from HK companies are NOT taxed (no dividend tax, not in salaries tax). But exception: overseas company stocks (e.g. US) may face withholding tax (e.g. US pre-withholds a portion) — unrelated to HK tax, it is the overseas rule; rates differ by market, check before investing abroad. Guarantee: dividends are not assured — the board decides amount per earnings, cash flow, needs and economy. Good profitable firms usually maintain or raise; but in downturns or when retaining cash, they may cut or suspend. During crises, cuts are common. So treat dividends as a possible, not fixed, income — diversify and watch sustainability. Tax rules vary by person/region; this is general reference, consult a professional. This tool only computes yield and income.
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參考資料
內容審核：香港計算器財經團隊。計算邏輯與公式參考香港金融管理局（HKMA）及投資者及理財教育委員會（IFEC）之個人理財計算指引，結果僅供參考，實際以相關機構公佈為準。