PanPhonDee

PanPhonDee · Learn

How to calculate dividends yourself, and when an app helps

You can work out how much dividend you will receive this year with two simple formulas. There is one point people often get wrong.

Basic formulas

Dividend you will receive = dividend per share × number of shares you hold before the XD date

Dividend yield = dividend per share ÷ share price × 100

Dividend per share is in baht per share, not a percentage.

Example (illustrative)

  • Hold 1,000 shares and receive THB 2 per share → THB 2,000 before tax
  • 10% withholding = THB 200 → THB 1,800 reaches your account
  • Share price THB 40 → yield 2 ÷ 40 = 5%

A trap with share prices

Yield uses the market price as the divisor. If the price falls from THB 40 to THB 32, the dividend stays at THB 2 but the yield becomes 6.25%. The number looks better because the price fell, not because the company paid more. Before you trust it, check why the price fell. Read a high dividend yield doesn't always mean a good stock.

Another figure is yield on cost, which divides by the price you paid. Buy at THB 40 and receive THB 2, and you get 5%. It shows how much your own money earns in dividends.

Mistakes people make when calculating

  • Companies that pay more than once a year: add every payout over 12 months, do not multiply one payout by the year
  • A special dividend this year does not mean next year's will be the same
  • Buying after the XD date means you miss that payout. See what an XD date is
  • Tax: the cash you receive is 90% of the announced amount

When to calculate yourself and when to use an app

Doing it yourself is fine if you hold a few stocks and each pays once a year.

An app is more convenient if you hold several stocks that pay at different times, want to see monthly totals, or want to check whether the cash that arrives matches your estimate.

In PanPhonDee, calculating the dividends of your portfolio and viewing the XD calendar for the whole market is free. Monthly income charts and multi-year projections up to 10 years are part of Pro (the free plan projects 1 year). Estimates are based on past data and are not guaranteed.

FAQ

How accurate is the expected yearly dividend?

It is an estimate based on the dividends paid in the last 12 months. The company may raise or cut later payouts.

How often should I recalculate?

When a company announces a new dividend, or when you buy or sell, recalculating at that point is enough.

For information only. Not investment advice.

Read next

Yield on cost: what it is and how it differs from dividend yieldHow often do dividend stocks pay, and what is an interim dividend?10% dividend tax: how it's withheld and what you need to do

Calculate dividends for your whole portfolio

Add the stocks you hold. The app estimates yearly dividends for each one and totals them. Free to start.

Download on the App StoreGoogle Play
PanPhonDee portfolio screen showing expected dividends per year

For information only. Not investment advice.