Any Dividend Calculator

Any Dividend Calculator projects the future value of a dividend portfolio using a month-by-month simulation. Enter an initial investment, monthly contributions, a starting dividend yield, dividend growth, stock price growth, the number of years to project, and a flat dividend tax rate. The results summarize how your portfolio compounds over time, including projected value, cumulative contributions, and cumulative net dividends.

You can enable DRIP (dividend reinvestment) to reinvest after-tax dividends back into the portfolio. With DRIP on, each dividend increases the share base, which can generate additional dividends in later months—creating a compounding effect over the projection horizon. The tool also calculates yield on cost and an annualized return measure that accounts for when contributions are invested.

Dividend growth and price growth are handled separately as constant compounded monthly rates derived from the annual growth inputs you provide. Monthly simulation runs continue through the full period, and charts present year-by-year snapshots of portfolio value and cumulative totals.

Educational use only—results are not financial, investment, or tax advice.

How does the month-by-month simulation work?

Each month it adds your contribution, calculates the dividend from your portfolio value and starting yield (adjusted by your dividend growth rate), subtracts the flat dividend tax, optionally reinvests via DRIP, and then applies one month of price growth.

What does DRIP do in the projection?

With DRIP enabled, the calculator reinvests after-tax dividends back into the portfolio, increasing the share base. That increased share base then produces higher dividends in future months.

How are dividend growth and stock price growth different?

Dividend growth changes how fast your yield (and dividend per share) rises over time, while stock price growth changes how the portfolio value grows each month. They’re modeled independently.

How are dividend taxes calculated?

You enter an effective dividend tax rate as a flat percentage. The calculator reduces each month’s dividend by that rate before any DRIP reinvestment.

What is yield on cost in this calculator?

Yield on cost is computed as the final projected annual dividend divided by your total contributed amount (initial investment plus all monthly contributions).

Is this financial or tax advice?

No. The projections are for educational purposes only, and actual results can differ due to market changes, dividend changes, and changing tax rules.