Dividend yield
The annual dividend divided by the current share price.
Formula
\text{Yield} = \frac{\text{Annual dividend}}{\text{Share price}}Declared payouts over the last twelve months divided by the current price. Stored as a fraction.
How to read the number
Yield rises when the price falls. A record yield often signals a collapsed quote rather than a generous company.
When the metric lies
Historical yield promises nothing about the future: a one-off payout funded by an asset sale inflates the figure for a year and then it collapses. Read the dividend policy, not a single number.
Where it is used
The metric is calculated across every security in the catalogue and appears on the instrument card, in the multiples table and in the screener.
Also known as: dividend yield