Börsenlexikon: Dividend yield

The dividend yield is the dividend expressed as a proportion of the share price. It is one of the classic ratios for valuing a share. The dividend yield must be distinguished from the share yield. Whereas the dividend yield describes the ratio of the dividend to the current share price, the share yield is a measure of how the value of a share exposure has developed over a period of time and takes into account both the dividends accrued during the period and any price changes that may have occurred. This combination of price trend and dividend yield is also referred to as the performance of a share.