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Glossary

12-month DY

Dividend yield calculated on the last 12 months of distributions.

What it is

Dividend yield calculated on the last 12 months of distributions. Shown on the stock and FII pages.

How Dados B3 calculates it

Stock: sum of distributions per share with record date in the 12-month window ÷ latest closing price, for the class of the code queried only (common, preferred or unit). FII: sum of income per unit for the 12 calendar months ending in the month of the latest distribution ÷ unit price; amortization does not count. Income above 30% a year carries an extreme mark.

Example

Illustrative example, with made-up numbers to keep the arithmetic easy: A FII that paid R$ 0.90 a month for 12 months (R$ 10.80 in total) with the unit at R$ 120: 12-month DY = 10.80 ÷ 120 = 9%.

What to watch for when reading it

• It is today's snapshot, with today's price; past income does not guarantee the future.
• An extraordinary distribution (a property sale, for example) inflates a single year.
• For FIIs the monthly income is tax-exempt for individuals; for stocks the value here is gross.

See also

• Dividend yield (DY)
• P/BV of a FII
• Payout ratio

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Educational content to understand what each number means. It is not a recommendation to buy or sell.