Watch your dividends quietly buy more shares — that pay more dividends.
Pick an ASX ticker and we’ll project the snowball: every distribution reinvested, every fraction carried forward, every plan discount counted. It’s the set-and-forget magic of a DRP, plotted year by year.
Everything runs in your browser. Your numbers never leave your device — nothing is uploaded, stored or seen by us.
Your current parcel — the snowball starts here.
Pick a ticker above to pre-fill this.
That's a 6.00% starting yield.
How fast the share price climbs each year — an assumption, not a promise.
Many ASX plans issue reinvested shares 0–5% below market — check the plan rules.
Used only for the cumulative franking credits estimate below.
Keeps the yield constant as the price rises (most growing companies do this).
On: reinvest every cent. Off: buy whole shares and carry the residual forward, like real registries.
DRP advantage after 20 years
$94,326How much more you'd have by reinvesting versus banking the cash dividends.
With DRP — final value
$212,7373,207 shares at $66.3324
Cash dividends — final value
$118,4111,000 shares + $52,079 banked
Extra shares from reinvesting
2,207New shares the snowball quietly bought along the way.
Final-year dividend (with DRP)
$12,042The annual payout in year 20, grown by the snowball.
Where the with-DRP value comes from
Your inputs live in the link — share it to restore this exact snowball.
Here’s exactly how we grow the snowball — assumptions on the table, no black boxes. We pre-fill yield and franking from the ticker you choose, then compound each year’s dividends into new shares at your assumed price.
Start from your holding and the stock’s real yield
We pre-fill the dividend yield and franking percentage from the ticker you pick, then use your starting share count and assumed share price to work out the first year’s cash dividend. You can override any assumption — it’s your projection.
Reinvest each dividend at the DRP price
Each distribution buys new shares at your assumed price, less any DRP discount you set. Many ASX plans issue reinvested shares at a 0–5% discount to market under the plan rules, so a 2.5% discount buys slightly more units every round — we bake that straight into the snowball.
Carry fractional shares forward, the way registries do
Dividends rarely buy a whole number of shares, so we buy as many whole shares as the cash allows and carry the leftover residual forward to the next distribution, exactly as Computershare and MUFG/Link plans do. Nothing is rounded away, so your projected unit count stays honest.
Compound year on year and compare to taking the cash
Your larger holding earns a larger dividend next year, which buys even more shares — the compounding loop. We chart the with-DRP path against simply banking the cash so you can watch the gap widen. Reinvested dividends are still assessable income (grossed up by franking at the 30% rate), which we flag — general information only, not tax advice.
A Dividend Reinvestment Plan (DRP) takes the cash a company would pay you and quietly turns it into more shares instead — and those new shares pay dividends too. This free dividend reinvestment calculator for ASX investors shows that compounding in motion: choose a stock, set your initial holding and time horizon, and watch the with-DRP line pull away from the cash-dividends line. We model the bits generic compounding calculators ignore — your plan’s DRP discount, franking on reinvested dividends, and the fractional shares that carry forward to next time. Everything runs in your browser, nothing is uploaded, and there’s no signup.
A DRP lets you receive new shares instead of cash whenever a company pays a dividend. You opt in through the share registry (Computershare, MUFG/Link or Boardroom), and from then on each distribution is automatically used to buy more shares — usually with no brokerage. Most large ASX companies and many ETFs offer one, though availability varies stock by stock, so always check the specific plan.
It compounds. Your dividends buy extra shares, those extra shares pay their own dividends next time, and that slightly larger dividend buys even more shares again. Early on the difference is tiny; over 10, 20 or 30 years the with-DRP line curves well above taking the cash — especially if the company keeps lifting its dividend. Our chart shows both paths side by side so you can see the gap widen.
Some companies issue DRP shares at a small discount to the market price — commonly 0% to 5%, and the plan rules state the figure. A 2.5% discount means your reinvested dividend buys shares 2.5% cheaper than someone paying cash on-market, so you accumulate a few more units each round. Over decades those extra fractions compound, so we let you set the discount and bake it into the projection.
Yes. The ATO treats reinvested dividends exactly like cash dividends — you’re taxed as if you received the money and then bought shares. If the dividend is franked, you still gross it up by the franking credit (30% company rate, so a fully franked dividend is grossed up by 30/70) and that grossed-up amount is assessable, with the franking credit offsetting tax at your marginal rate. A DRP changes how you’re paid, not whether it’s taxable. General information only — not tax advice.
Dividends rarely divide neatly into whole shares, so most ASX plans buy as many whole shares as the cash allows and carry the leftover residual forward to your next dividend, where it’s added to that payment. Nothing is wasted. Our calculator handles this the way real registries do — accumulating residuals rather than rounding them away — so your projected unit count stays honest.
It can be. Every reinvestment is a separate purchase parcel with its own date, price and cost base, so a long-running DRP can leave you with dozens of little parcels to track for CGT when you eventually sell. It’s worth keeping each DRP statement. We flag this in the results, and once you’re ready to untangle parcels you can hand them to our CGT calculator.
