Dividend Yield

Definitions #

A financial ratio that shows how much a company pays out in dividends each year relative to its share price, expressed as a percentage.

Technical A valuation metric calculated as annual dividends per share divided by current market price per share, used to assess income return on equity investment.

Example With a share price of €50 and annual dividends of €2, the dividend yield is 4%.

Etymology #

From dividend (share of profits) + yield (produce or return), combining to express the income return generated by a security.

Collocations #

forward dividend yield 预计未来12个月的股息除以当前股价
trailing dividend yield 过去12个月实际支付的股息除以当前股价
high dividend yield stock 高股息率股票，常被视为收益型投资

Real Business Examples #

The board declared a final dividend of $1.50 per share, giving a forward dividend yield of 3.2% at the current market price.
Analysts compare the dividend yield with the bond yield of the same maturity to evaluate the relative attractiveness of equities.

Register & Variants #

Register: formal
BrE/AmE: 全球通用，英式多拼写为 dividend yield（美式同）

Synonyms & Antonyms #

Synonyms: dividend yield ratio
Antonyms: earnings yield

Common Errors #

把 dividend yield 与 dividend payout ratio 混淆 dividend yield 是股息与股价之比；payout ratio 是股息与每股收益之比
使用每股股息除以每股收益算 yield yield 必须除以股价（市场价格），不是收益

Confusable Terms #

Dividend Payout Ratio vs Dividend Yield: payout ratio 是分红占收益的比率；dividend yield 是分红占股价的比率

Frequently Asked Questions

高 dividend yield 一定好吗?

不一定，高 yield 可能因股价暴跌或分红不可持续，需结合 payout ratio 和盈利质量判断

dividend yield 用 forward 还是 trailing 更准确?

两者各有偏向；forward 反映预期，trailing 基于已实现，常见财务分析同时列示

Published: 2026-09-23 Category: Corporate Finance