IN PLAIN ENGLISH
What your portfolio earns per day on average. It's mostly a motivational number — dividends are actually paid on scheduled dates, not daily.
FULL DEFINITION
Annual Dividend divided into an average daily figure.
EXAMPLE
Annual Dividend = £3,650. Daily Dividend = 3,650 ÷ 365 = £10.
HOW IT'S CALCULATED
Daily Dividend = Annual Dividend ÷ 365. Leap years are not adjusted for.
Educational content only. It is not personal financial advice.