Separate dividend growth from price growth

1. Supply the first model year directly

Enter your initial quantity and cash, first-year price per share and first-year gross annual dividend per share. These are personal assumptions in one currency, rather than issuer observations. Year one uses them directly. Dividend and price growth are separate annual percentages for each independent Bear, Base and Bull scenario; they start changing the supplied values in year two.

This narrow model has one assumed payment and reinvestment at each model-year end. It has no issuer payment calendar, regular contributions, inflation adjustment or split history. Growth may be negative but must remain above minus 100 percent. Scenario labels imply neither a ranking nor a probability. A dividend forecast is not a guaranteed distribution.

2. Inspect income and purchases separately

Opening shares earn the year’s gross dividend. Your supplied withholding and annual payment fee are deducted before reinvestment. The annual fee applies even in a year with no gross dividend. Cash carried from earlier years is available once. Shares newly bought at year end first earn a dividend in the next model year. Price growth changes purchase cost and valuation; it does not independently change the dividend per share.

Choose whole shares or fractions down to 18 decimal places. Purchases round down to the affordable quantity. The reinvestment fee applies only if a positive quantity is actually bought; otherwise the available cash carries forward. Closing wealth adds closing shares valued at that year’s assumed price and the remaining cash. Reinvested dividends are not added to wealth a second time.

3. Read incomplete and stopped scenarios honestly

The prefilled amounts are editable model assumptions; mark a value unknown when you cannot establish it for your scenario. Explicitly supply a known zero where your assumption is no deduction. Any missing deduction leaves the net projection and full-horizon totals unavailable, while first gross income can still be shown. If a payment would overdraw cash, the failed attempt is reported separately and does not enter completed rows or totals; the latest completed position retains its own year’s price. If the first attempt fails, only the starting position valued at the supplied first-year price remains.