Enter the interest and dividends, accrued expenses, the average number of shares outstanding on a daily basis, and the maximum price per share to determine the 30-day SEC yield.

SEC Yield Formula

The following formula is used to calculate an SEC yield.

SECY = 2* (((a-b)/(c*d) + 1 ) ^ 6-1)

  • Where SECY is the SEC yield
  • a is the interest and dividends received over the last 30 days
  • b is the accrued expenses over the last 30-days
  • c is the average number of shares outstanding on a daily basis
  • d is the maximum price per share on the last day/day of calculation