O Dividend Calculator
Estimate your dividend income, yield and dividend-reinvestment (DRIP) growth for any dividend stock or ETF - free, no sign-up. Enter an amount to see current annual and monthly income, then project it forward with reinvested, growing dividends.
Fund
Your investment
Dividends are assumed to grow at 4.5% a year and, with DRIP on, are reinvested at the then-current share price. Share price is grown at this fund's historical capital-appreciation rate. Projections are hypothetical - past dividend growth does not guarantee future results.
Projected dividend income & portfolio value
Income goal
Dividend history (per share, per year)
Dividend calculator questions, answered
How much do I need to invest to earn $1,000 per month in dividends?
Divide your target annual income by the fund's dividend yield. To earn $1,000/month ($12,000/year) at a 4% yield you would need $12,000 / 0.04 = $300,000 invested; at a 3% yield it is $400,000, and at a 6% yield about $200,000. Use the income-goal solver above to get the exact number for the fund you picked at its current yield.
What is a dividend reinvestment (DRIP) calculator?
A DRIP calculator projects how your income compounds when every dividend is used to buy more shares instead of being taken as cash. Each reinvested payment raises your share count, which raises the next payment, and so on. This tool models that: with DRIP on it buys new shares at the then-current price every year, and it also lets dividends grow at the rate you enter, so the projected annual income rises faster than yield alone would suggest. Turn DRIP off to see income taken as cash.
How is dividend yield calculated?
Dividend yield = trailing 12-month dividends per share divided by the current share price. A fund paying $2.00 per share over the last year at a $50 price yields $2.00 / $50 = 4%. Yield moves inversely with price: when the price falls the yield rises, and vice versa. This tool uses the trailing 12-month distribution, so special or one-time payments can temporarily inflate it.
Are covered-call ETF distributions real dividends?
Largely no. Covered-call and option-income funds such as JEPI, JEPQ, QYLD, XYLD, SPYI and QQQI pay most of their high headline yield from option premium and return of capital, not from growing corporate dividends. That income does not compound or grow the way a dividend-growth stock's payout does, and it often comes with capped upside or slow NAV erosion, so forward projections that assume steady dividend growth are optimistic. This calculator flags those funds with a warning.
Will my dividends really grow at the rate I entered?
Not guaranteed. The growth rate is an assumption. We default it to the fund's own trailing 5-year dividend growth where that is available and reasonable, but past dividend growth does not guarantee future increases - companies can freeze or cut payouts, and a fund's yield and price both change over time. Treat the projection as a what-if, not a forecast, and re-run it with a more conservative growth rate to stress-test it.
About this dividend calculator
This free dividend calculator estimates the income from a dividend stock or ETF: current dividend yield, annual and monthly dividend income on the amount you invest, and a forward projection with dividends reinvested (DRIP) and growing at a rate you choose. The default growth rate comes from each fund's own trailing 5-year dividend growth where available. The income-goal solver shows how much you would need to invest to reach a target monthly dividend at the fund's current yield. Covered-call and option-income funds are flagged because their high distributions are largely option premium and return of capital rather than growing dividends. Projections are hypothetical and past performance does not guarantee future results.