Skip to content
Finance Calculators

Dividend Growth Rate Calculator

Verified formula Updated Jun 2026 Private — runs on your device

Enter details
Verified formula Private

Annual dividend growth rate

14.8698%

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the Dividend Growth Rate Calculator

The Dividend Growth Rate Calculator works out your annual dividend growth rate in an instant. Enter earlier dividend, later dividend and years between and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the earlier dividend.
  2. Enter the later dividend.
  3. Enter the years between.
  4. Read off your annual dividend growth rate — the calculator updates automatically, with no button to press.

Formula

The Dividend Growth Rate Calculator uses the formula:

Annual dividend growth rate = ((Later dividend ÷ Earlier dividend)^(1 ÷ Years between) - 1) × 100

Worked example

For example, with earlier dividend of 10, later dividend of 20 and years between of 5, the annual dividend growth rate is 14.8698%.

Inputs used
Earlier dividend 10
Later dividend 20
Years between 5
Results
Annual dividend growth rate 14.8698%

Results are estimates for educational use, not professional advice.

Frequently asked questions

Take the ratio of later to earlier dividend, raise to 1 ÷ years, subtract 1, and multiply by 100. From 10 to 20 over 5 years is about 14.87% a year.

It captures steady annual growth rather than a single total change, which suits multi-year comparisons.

In dividend discount models and to judge how reliably a company raises its payouts.

Yes. A later dividend lower than the earlier one gives a negative growth rate, meaning cuts.

Enter the earlier dividend. Enter the later dividend. Enter the years between. Read off your annual dividend growth rate — the calculator updates automatically, with no button to press.

Related calculators