The Hesapstan dividend calculator has two mutually exclusive modes you choose from a dropdown: "Capital / Dividend Actions" (default) calculates a cash dividend, a paid capital increase, a bonus capital increase and a capital reduction, individually or combined; "Dividend Yield" uses share price, dividend per share, share quantity and a user-entered withholding rate. Only one mode is active at a time — the default capital-actions mode never needs a share price or dividend amount entered.
How is dividend yield calculated?
Dividend yield is found by dividing the dividend per share by the share price, expressed as a percentage: Dividend Yield (%) = (Dividend per Share / Share Price) × 100.
The total dividend amount is found by multiplying the dividend per share by the number of shares you hold: Total Dividend = Dividend per Share × Number of Shares.
How does the capital / dividend actions calculation work?
In the Capital / Dividend Actions mode you can select any combination of four operations: cash dividend, paid capital increase, bonus capital increase and capital reduction. Multiple operations can be selected together and are calculated as one combined result.
- A cash dividend can be entered either as a net TL amount per share, or as a net percentage of a 1 TL nominal share — e.g. 20% corresponds to 0.20 TL per share.
- For a paid capital increase, you supply the rights exercise price you actually paid for the new shares; the calculator never assumes 1 TL, because Borsa İstanbul's procedure defines that price as a variable.
- For a bonus capital increase, the incoming share count is calculated mathematically from the rate you enter.
- For a capital reduction, you choose whether the operation changes your share count; the calculator never guesses this classification.
Why can a capital reduction affect my share count differently?
Borsa İstanbul's procedure for determining theoretical/reference prices in equity events splits capital reduction into two cohorts: reductions that do not change shareholders' share count (such as cancellation of repurchased shares), and reductions that do change it. Because the effect is opposite between the two, the calculator asks you to classify your case and only subtracts shares when you select the "reduces my share count" option.
What is this calculation based on?
- The share price and dividend amount you enter are current values you determine or track from the market; the tool does not fetch live price or dividend data.
- The calculation uses a previously announced or assumed dividend amount; this does not guarantee the company will pay the same amount in the future.
- Since share prices change continuously in the market, dividend yield changes as the price changes; the result is valid only for the price you entered at that moment.
- The rates, rights exercise price and reduction type in the Capital / Dividend Actions mode are also entirely user-supplied; the tool does not fetch any of them from a company or exchange source.
What does this tool not calculate?
- It shows gross and net dividend when you enter a withholding rate; it does not fetch an official or live tax rate and does not present any withholding rate as the current legal rate.
- It does not calculate Borsa İstanbul theoretical/reference share prices for equity events; it only computes the share-count and cash-flow effect of the rates you enter.
- It does not determine a company's announced dividend amount, KAP dates, entitlement dates or capital-action terms for you.
- It does not forecast future dividend growth or possible changes in a company's dividend policy.
- It calculates only the dividend yield and the mathematical effect of the entered capital actions, not total return including capital gains or losses from share price movement.
Frequently Asked Questions
How is dividend yield calculated?
The dividend per share is divided by the share price and multiplied by 100: Dividend Yield (%) = (Dividend per Share / Share Price) × 100.
How is total dividend income found?
The dividend per share is multiplied by the number of shares you hold to find your total dividend income.
Does this tool guarantee future dividend payments?
No. The calculation is based on the current or historical dividend amount you enter; there is no guarantee a company will pay the same amount, or any dividend, in the future.
Is the dividend yield result gross or net?
The tool shows both gross and net values. Net dividend is calculated using the withholding rate entered by the user.
Why do I have to enter the rights exercise price for a paid capital increase?
Under Borsa İstanbul's procedure for theoretical/reference prices in equity events, the rights exercise price is not a fixed value — it varies by company and transaction. The calculator therefore never assumes 1 TL; enter the actual price used in the transaction for a correct result.
Does a capital reduction always reduce my share count?
No. Borsa İstanbul's current procedure separates reductions that do not change shareholders' share count (such as cancellation of repurchased shares) from reductions that do reduce it. The calculator asks you to classify your case and only subtracts shares for the share-count-reducing type.
Do I need to enter a share price to calculate capital actions?
No. Once you switch to Capital / Dividend Actions mode, the share price and dividend per share fields are not shown at all — you only need your share quantity and the rates/prices for the operations you select.