Contribution of share count reduction to dividend per share

Is a higher dividend per share due to a larger total payout or to the payout being spread over fewer shares?

Dividends and shareholder returns DIV-031 Waterfall Sample

Sample data. Every number, symbol and holding on these pages is generated sample data dated 2026-10-16, used only to illustrate layout and method for educational and informational purposes. It is not market data, backtest output or a forecast, and the analytics described in the specifications are not running.

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0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD

Highest item: Timing difference
1.38 %
Lowest item: Change in total payout
-16.86 %
Average
-4.62 %
Number of items
5 items

Total payout contribution

Change in dividend per share (%) (Waterfall)

Share count contribution

Change in total cash dividends / share count (%) (Bar)

Actual DPS reconciliation

Change in dividend per share (%) and Change in total cash dividends / share count (%) (Table)

Sample data rows

Source of change in dividend per shareChange in dividend per share (%)Change in total cash dividends / share count (%)Data date (sample)
Original dividend per share 0.93 2.64 2026-10-16
Change in total payout -16.86 3.41 2026-10-16
Share count change -9.93 4.04 2026-10-16
Timing difference 1.38 6.96 2026-10-16
New dividend per share 1.38 17.08 2026-10-16
Total -23.1 34.13 2026-10-16