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What is the Dividend Yield (DY)?

Dividend Yield is Dividend per Share (DPS) divided by Current Market Price per Share (CMP) and expressed as a percentage. CMP is the last price at which the company's shares traded on the ASX. Both DPS and CMP must be in the same units, i.e. both cents per share or both dollars per share.

Sometimes the last traded price is not appropriate and a theoretical price is used. A typical situation would be where the stock was not heavily traded and at the close of trading the highest bid was above the last traded price or the lowest offer was below the last traded price. In these situations, the bid price or the offer price may be used.

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