Marketbeat Dividend Calculator
Dividendathlete Dividend Calculator
Trackyourdividends Dividend Calculator
Abstract of Dividend Calculators
Continuously Requested Questions on Dividend Calculators (FAQ)
Have you ever questioned what the end result of years of dividend progress investing may very well be? Or when might you acquire the outcomes of years of self-discipline, frugality, and constant dividend investing? Will there be any rewards in any respect?
I did it. And so, I researched free dividend progress calculators for you, that are publicly obtainable. Beneath are the highest 5 that I favored probably the most. I’ll evaluate and analyze the obtainable options and the offered outputs.
Lengthy story brief, my favourite is MarketBeat Dividend Calculator on account of its most full characteristic set, however let’s examine exactly what these options are within the article. I may also embody a comparability desk on the finish.
The intention is to create a hypothetic however sensible dividend portfolio setup, to not decide an precise inventory portfolio.
Let’s agree on some enter information, i.e., what can we intend to take a position, and what can we anticipate from the market? I’ll attempt to be barely optimistic and supply the circumstances beneath for all of the calculators.
Dividend Calculation Conditions:
Preliminary Funding: $1,000
Annual Contributions: $1,200
Anticipated Dividend Yield: 5%
Dividend Frequency: Quarterly
Anticipated Annual Dividend Improve: 8%
Anticipated Annual Share Value Improve: 5%
Dividend Reinvestment Plan (DRIP): Sure
Dividend Tax Charge: 10%
Holding Interval: 20 years
Earlier than we dive into the topic, I invite you to examine my newest e-book on dividend investing, Dwell Off Dividends. There, you’ll be able to learn to correctly choose dividend shares and create a profitable dividend progress portfolio.
1. Tipranks Dividend Calculator
This was the primary consequence I received on Google, and it did an ideal job. Tipranks Dividend Calculator is simple and completely incorporates all of our prerequisite necessities.
Tipranks Dividend Calculator
The interface is kind of pretty and never over-complicated. It is rather easy to plug within the information and get the consequence after 20 years. (OMG, how outdated will I be then!)
We clearly see the top steadiness of $206,789, which was my major query. It is a bit bit not nice that we don’t see the overall contributions; nevertheless, that may be very easy to calculate:
$1,000 + $1,200 x 20 years = $25,000. Bear in mind this quantity, as it is going to be the identical for the opposite calculators. This is a wonderful return and final result of the 20-year investing interval.
Now in regards to the Residing Off Dividends…
In response to the outcomes, the annual Internet Dividend for 20 years will likely be $41,463. That could be a good quantity, however it’s as much as you to find out whether or not that is adequate to stop your job.
If it’s not adequate, you want to prolong the time horizon or enhance the common contributions. Watch out about shares with yields larger than 5%, as they could be unsafe.
You may be taught extra about how one can choose your dividend shares in my associated article:
Learn how to decide your dividend shares your self?
Now, again to the calculator itself.
It’s disappointing to overlook a pleasant chart illustrating how the overall return grows exponentially, abandoning our modest contributions. It is a pity for me as a result of I like that sort of chart. Let’s examine if different calculators have it. As well as, the “How To Use” part is a bit bit poor.
The great factor is that they add a yearly portfolio assertion displaying the state of affairs at annually’s finish.
Let’s transfer to the next Dividend Calculator and see if the numbers match.
2. Marketbeat Dividend Calculator
I’ve plugged in the identical information within the Dividend Calculator from Marketbeat and let it run its magic. Here’s what I received after hitting the “Calculate Dividends” button:
Marketbeat Dividend Calculator
We will observe from the start that the interface is much less fancy, however who cares? As a substitute, they’ve an additional choice referred to as “Tax-Exempt Dividend Revenue Allowed Per 12 months.” That’s to make use of when you have a dividend tax exemption and pay taxes just for dividends above that worth. Taxes are difficult, and I’m not protecting them right here, however having the choice and adaptability is nice.
Now, the consequence. We see an unlimited distinction from what we received within the earlier calculator. $90,294 because the ending steadiness is incomparable with what we received from Tipranks.
You will note within the following calculators that the numbers don’t match both. I didn’t examine the rationale on this article, as the aim was to guage usability and options. I’ll examine that and give you a devoted piece.
The Annual Dividend Revenue can also be method out. We have to discover the place is the reality. However for now, let’s transfer to different points.
I like seeing the charts they added for Portfolio Steadiness, Dividend Revenue, and Yield On Value. That could be a large step ahead.
Marketbeat Dividend Investing Chart
Additionally they embody a yearly portfolio snapshot within the type of a fee schedule that’s simple to digest.
Their “How To Use” part is considerably richer than we noticed earlier than.
Total, it is an important calculator, and the one query remaining is the distinction within the whole return.
Let’s examine what different calculators should say about it.
Now, an enormous title comes…
3. Forbes Dividend Calculator
The interface on Forbes Calculator is one of the best up to now. I additionally like that the names of the fields are a lot easier in comparison with the opposite two calculators, so it’s simpler to observe.
Forbes Dividend Calculator
What’s lacking is the dividend distribution frequency. Which may not be a problem for a newbie; nevertheless, if you wish to do extra superior analysis, that might play a task.
Though the achieved annual dividend fee shouldn’t be instantly seen, it’s obtainable of their fee schedule.
Sadly, they don’t embody any chart of portfolio evolutions. To this point, I’m not impressed in any respect.
Let’s go to the subsequent one.
4. Dividendathlete Dividend Calculator
The very first thing I observed on DividendAthlete was the fashionable interface, together with good sliders for choosing your numbers.
Dividendathlete Dividend Calculator
What’s bizarre is that you simply can not regulate “Anticipated Annual Dividend Improve” impartial of “Anticipated Annual Share Value Appreciation“. For some purpose, they follow the identical worth. I’ve no clue why; perhaps that may be a bug of their program. For that reason, I’ll think about that they do not have an anticipated share value appreciation characteristic.
Nonetheless, they compensate for that with top-notch charts. It’s a pleasure to look at these exponential curves.
Dividendathlete Dividend Investing Chart
To this point, I like this interface probably the most.
It could have been very nice in the event that they included a wealthy how-to-use information or normal dividend instructional materials.
By the best way, you’ll be able to be taught extra about these points and how one can construct your dividend portfolio right here:
5 key info for a profitable dividend portfolio!
We’re nearly by way of. Let’s examine yet one more calculator.
5. Trackyourdividends Dividend Calculator
TrackYourDividends is what I received subsequent.
Trackyourdividends Dividend Calculator
As you’ll be able to simply see, they lack many options, akin to dividend taxation and DRIP. Additionally they don’t present any chart or some other means to compensate for the dearth of those options.
No different feedback are needed right here.
I feel we’re good for now. I’ll cease right here.
Let’s make a abstract of what we have now realized.
Abstract of Dividend Calculators
As a way to give you an easy-to-understand and observe overview, I’ve ready the comparability desk beneath. There, you’ll be able to see what suits you greatest by way of flexibility of enter information or output information vary.
Abstract of Dividend Calculators
From my viewpoint, the clear winner is MarketBeat Dividend Calculator. It has a lot of the options obtainable. The one lacking factor is a specification of the overall contribution. Nonetheless, that’s not an enormous deal as it is extremely simple to calculate how a lot you contributed in the course of the specified interval. Merely multiply the yearly contributions by the variety of years.
I hope that was attention-grabbing and helpful for you! If you happen to loved the article, give it a coronary heart and subscribe for recent and precious content material! Do not forget to take a look at my e-book, Dwell Off Dividends, which is able to aid you in your journey to monetary freedom.
Now, let us take a look at some often requested questions, which could additionally cowl your questions.
Continuously Requested Questions on Dividend Calculators (FAQ)
How are Dividends Calculated?
Dividends per share (DPS) may be calculated utilizing the components:
DPS = Whole Dividends Paid / Variety of Excellent Shares
For instance, if an organization pays $2,000,000 in dividends and has 1,000,000 excellent shares, the DPS could be $2.00 per share.
The Dividend Yield may be calculated by dividing the dividend paid per share by the share value:
Dividend Yield = Dividend per Share / Share Value
How typically do Dividends Pay?
The frequency at which dividends are paid is dependent upon the corporate’s dividend coverage. Most firms pay dividends on a quarterly foundation. Which means that shareholders obtain dividend funds 4 instances a yr. The fee dates are often spaced evenly all year long.
Learn how to Calculate how a lot Dividend you’ll Obtain?
To calculate how a lot dividend you’ll obtain, you should utilize the next components:
Dividend Revenue = Variety of Shares x Dividends per Share
Here is a small step-by-step information:
1. Decide the Variety of Shares:
2. Discover the Dividends per Share:
3. Apply the Formulation:
Instance:
-
If you happen to personal 100 shares of a inventory, and the dividend per share is $2.00, the calculation could be:
-
Dividend Revenue = 100 shares x $2.00 per share = $200.00
Do not forget that this calculation offers an estimate based mostly on the declared dividends per share. The precise quantity you obtain might fluctuate barely on account of elements akin to taxes, charges, and any adjustments within the variety of excellent shares after the file date.
At what Value is the Dividend Calculated?
The dividend is calculated based mostly in the marketplace value per share on the ex-dividend date. If you happen to purchase shares earlier than the ex-dividend date, you’re entitled to the dividend, and the market value at the moment is what determines the dividend quantity per share.
If you happen to purchase shares on or after the ex-dividend date, you will not obtain the present dividend, however you might be eligible for the subsequent one. At all times examine the ex-dividend date to know whether or not you can be entitled to the upcoming dividend.
The place can I discover one of the best free dividend calculator?
That was the intention of this text. A number of different free dividend calculators can be found on-line that may aid you estimate your potential dividend revenue.
When utilizing these calculators, it is important to enter correct info for the variety of shares, dividend per share, and some other related particulars. Moreover, be aware that these instruments present estimates and projections, and precise outcomes might fluctuate based mostly on adjustments in inventory costs, dividend insurance policies, and different elements. At all times discuss with the newest monetary stories and bulletins from the businesses you’re invested in for probably the most correct and up-to-date info.
Be taught extra about Dividend Investing within the Associated Articles:
The Finest Information on Learn how to Worth a Actual Property Funding Belief (REIT)
High 3 Dividend Shares of Warren Buffett
Dividend Lingo 101: Grasp the Terminology and Maximize Your Returns
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