Editorial only. Not regulated investment advice.
pufinance.xyz is an educational reference. The dividend-yield calculator is a methodology tool, not a substitute for engaged regulated advice on your specific portfolio.
1. No investment advice
The four ratios calculated on this site — current yield, yield on cost, payout ratio, and forward yield — are descriptive metrics, not recommendations. Nothing on pufinance.xyz constitutes investment advice within the meaning of the UK Financial Services and Markets Act 2000, the SEC Investment Advisers Act, MiFID II, or comparable foreign regimes. For a specific investment decision — what to buy, when, in what size — engage an FCA-authorised financial adviser or equivalent licensed professional in your jurisdiction.
2. Past performance is not a reliable indicator
Dividend history is past performance. A company that has raised its dividend annually for 25 years may cut tomorrow. The dividend-aristocrat status, the trailing five-year growth rate, and the historical payout ratio are descriptive of a past operating environment that may not persist. The forward yield projected by the calculator is a function of an assumed growth rate that is the user’s assumption, not a forecast endorsed by the editorial team or reviewer.
3. Limitations of the model
The calculator assumes the input dividend per share is the maintained annual payment. It does not model dividend cuts, special dividends, or stock splits. It treats the cost basis as a single per-share figure, ignoring the typical reality that long-term portfolios accumulate at multiple cost bases over time. It uses a single growth rate, ignoring the multi-stage growth patterns common in real dividend trajectories. The four ratios are starting points for analysis, not a complete valuation framework.
4. No guarantee of accuracy
Although the calculator has been reviewed by a CFA charterholder and tested against worked examples in the CFA Level II curriculum on equity valuation, software contains bugs and editorial content contains errors. If you spot a discrepancy, write to the editorial desk via the contact page; calculation discrepancies are prioritised and resolved within five business days where reproducible.
5. Third-party content
Where we reference the CFA Institute, the ICAEW, the FCA, S&P Global, or other third parties, those references are for informational purposes; we are not affiliated with, endorsed by, or sponsored by them unless explicitly stated. Outbound links to third-party websites are provided as a convenience; pufinance.xyz is not responsible for the content or privacy practices of those sites.
6. Limitation of liability
To the fullest extent permitted by law, the editorial team and reviewer expressly disclaim liability for any direct, indirect, incidental, consequential, or punitive damages arising from use of, or inability to use, pufinance.xyz, including but not limited to investment losses, missed opportunities, or decisions made in reliance on calculator output.
7. Jurisdiction
This disclaimer is governed by the laws of England and Wales. Disputes shall be submitted to the exclusive jurisdiction of the courts of England, save where mandatory consumer-protection law of your habitual residence requires otherwise.