OPEN-SOURCE SCRIPT
Dividend Yield
This indicator assists in quickly estimating the dividend yield for a stock. It provides two outputs for the user.
The first is to estimate the current dividend yield and display it in the upper right corner. To calculate yield, we use the following formula – the last dividend paid * number of annual payments/close * 100. The user can adjust the dividend payment frequency in the input menu.
The second output is a line showing the price required to achieve the desired yield. Prices below the line are of greater yield than desired, and prices above that line are less. The user can adjust the desired yield in the input menu.
The first is to estimate the current dividend yield and display it in the upper right corner. To calculate yield, we use the following formula – the last dividend paid * number of annual payments/close * 100. The user can adjust the dividend payment frequency in the input menu.
The second output is a line showing the price required to achieve the desired yield. Prices below the line are of greater yield than desired, and prices above that line are less. The user can adjust the desired yield in the input menu.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
ronaldryninger.substack.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
ronaldryninger.substack.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.