diff --git a/packages/yew/src/functional/hooks/mod.rs b/packages/yew/src/functional/hooks/mod.rs
index e45c93e423e..c751e9666f5 100644
--- a/packages/yew/src/functional/hooks/mod.rs
+++ b/packages/yew/src/functional/hooks/mod.rs
@@ -1,3 +1,4 @@
+mod use_callback;
 mod use_context;
 mod use_effect;
 mod use_memo;
@@ -5,6 +6,7 @@ mod use_reducer;
 mod use_ref;
 mod use_state;
 
+pub use use_callback::*;
 pub use use_context::*;
 pub use use_effect::*;
 pub use use_memo::*;
diff --git a/packages/yew/src/functional/hooks/use_callback.rs b/packages/yew/src/functional/hooks/use_callback.rs
new file mode 100644
index 00000000000..3fc015bf64b
--- /dev/null
+++ b/packages/yew/src/functional/hooks/use_callback.rs
@@ -0,0 +1,75 @@
+use crate::callback::Callback;
+use crate::functional::{hook, use_memo};
+
+/// Get a immutable reference to a memoized `Callback`.
+///
+/// Memoization means it will only get recreated when provided dependencies update/change.
+/// This is useful when passing callbacks to optimized child components that rely on
+/// PartialEq to prevent unnecessary renders.
+///
+/// # Example
+///
+/// ```rust
+/// # use yew::prelude::*;
+/// #
+/// #[derive(Properties, PartialEq)]
+/// pub struct Props {
+///     pub callback: Callback<String, String>,
+/// }
+///
+/// #[function_component(MyComponennt)]
+/// fn my_component(props: &Props) -> Html {
+///     let greeting = props.callback.emit("Yew".to_string());
+///
+///     html! {
+///         <>{ &greeting }</>
+///     }
+/// }
+///
+/// #[function_component(UseCallback)]
+/// fn callback() -> Html {
+///     let counter = use_state(|| 0);
+///     let onclick = {
+///         let counter = counter.clone();
+///         Callback::from(move |_| counter.set(*counter + 1))
+///     };
+///
+///     // This callback depends on (), so it's created only once, then MyComponennt
+///     // will be rendered only once even when you click the button mutiple times.
+///     let callback = use_callback(
+///         move |name| format!("Hello, {}!", name),
+///         ()
+///     );
+///
+///     // It can also be used for events.
+///     let oncallback = {
+///         let counter = counter.clone();
+///         use_callback(
+///             move |_e| (),
+///             counter
+///         )
+///     };
+///
+///     html! {
+///         <div>
+///             <button {onclick}>{ "Increment value" }</button>
+///             <button onclick={oncallback}>{ "Callback" }</button>
+///             <p>
+///                 <b>{ "Current value: " }</b>
+///                 { *counter }
+///             </p>
+///             <MyComponennt {callback} />
+///         </div>
+///     }
+/// }
+/// ```
+#[hook]
+pub fn use_callback<IN, OUT, F, D>(f: F, deps: D) -> Callback<IN, OUT>
+where
+    IN: 'static,
+    OUT: 'static,
+    F: Fn(IN) -> OUT + 'static,
+    D: PartialEq + 'static,
+{
+    (*use_memo(move |_| Callback::from(f), deps)).clone()
+}
diff --git a/packages/yew/src/functional/hooks/use_memo.rs b/packages/yew/src/functional/hooks/use_memo.rs
index f7538c23e64..a97ca2421da 100644
--- a/packages/yew/src/functional/hooks/use_memo.rs
+++ b/packages/yew/src/functional/hooks/use_memo.rs
@@ -3,9 +3,35 @@ use std::rc::Rc;
 
 use crate::functional::{hook, use_state};
 
-/// Get a immutable reference to a memoized value
+/// Get a immutable reference to a memoized value.
 ///
-/// Memoization means it will only get recalculated when provided dependencies update/change
+/// Memoization means it will only get recalculated when provided dependencies update/change.
+///
+/// # Example
+///
+/// ```rust
+/// # use yew::prelude::*;
+/// #
+/// #[derive(PartialEq, Properties)]
+/// pub struct Props {
+///     pub step: usize,
+/// }
+///
+/// #[function_component(UseMemo)]
+/// fn memo(props: &Props) -> Html {
+///     // Will only get recalculated if `props.step` value changes
+///     let message = use_memo(
+///         |step| format!("{}. Do Some Expensive Calculation", step),
+///         props.step
+///     );
+///
+///     html! {
+///         <div>
+///             <span>{ (*message).clone() }</span>
+///         </div>
+///     }
+/// }
+/// ```
 #[hook]
 pub fn use_memo<T, F, D>(f: F, deps: D) -> Rc<T>
 where
diff --git a/packages/yew/tests/use_callback.rs b/packages/yew/tests/use_callback.rs
new file mode 100644
index 00000000000..b4fe635d8e1
--- /dev/null
+++ b/packages/yew/tests/use_callback.rs
@@ -0,0 +1,71 @@
+#![cfg(feature = "wasm_test")]
+
+use std::sync::atomic::{AtomicBool, Ordering};
+
+mod common;
+
+use common::obtain_result;
+use gloo::timers::future::sleep;
+use std::time::Duration;
+use wasm_bindgen_test::*;
+use yew::prelude::*;
+
+wasm_bindgen_test::wasm_bindgen_test_configure!(run_in_browser);
+
+#[wasm_bindgen_test]
+async fn use_callback_works() {
+    #[derive(Properties, PartialEq)]
+    struct Props {
+        callback: Callback<String, String>,
+    }
+
+    #[function_component(MyComponennt)]
+    fn my_component(props: &Props) -> Html {
+        let greeting = props.callback.emit("Yew".to_string());
+
+        static CTR: AtomicBool = AtomicBool::new(false);
+
+        if CTR.swap(true, Ordering::Relaxed) {
+            panic!("multiple times rendered!");
+        }
+
+        html! {
+            <div>
+                {"The test output is: "}
+                <div id="result">{&greeting}</div>
+                {"\n"}
+            </div>
+        }
+    }
+
+    #[function_component(UseCallbackComponent)]
+    fn use_callback_comp() -> Html {
+        let state = use_state(|| 0);
+
+        let callback = use_callback(move |name| format!("Hello, {}!", name), ());
+
+        use_effect(move || {
+            if *state < 5 {
+                state.set(*state + 1);
+            }
+
+            || {}
+        });
+
+        html! {
+            <div>
+                <MyComponennt {callback} />
+            </div>
+        }
+    }
+
+    yew::Renderer::<UseCallbackComponent>::with_root(
+        gloo_utils::document().get_element_by_id("output").unwrap(),
+    )
+    .render();
+
+    sleep(Duration::ZERO).await;
+
+    let result = obtain_result();
+    assert_eq!(result.as_str(), "Hello, Yew!");
+}
diff --git a/website/docs/concepts/function-components/hooks/introduction.mdx b/website/docs/concepts/function-components/hooks/introduction.mdx
index c6fb31fc4c9..bba9113b5a1 100644
--- a/website/docs/concepts/function-components/hooks/introduction.mdx
+++ b/website/docs/concepts/function-components/hooks/introduction.mdx
@@ -28,6 +28,7 @@ Yew comes with the following predefined Hooks:
 - [`use_state`](./use-state.mdx)
 - [`use_state_eq`](./use-state.mdx#use_state_eq)
 - [`use_memo`](./use-memo.mdx)
+- [`use_callback`](./use-callback.mdx)
 - [`use_mut_ref`](./use-mut-ref.mdx)
 - [`use_node_ref`](./use-node-ref.mdx)
 - [`use_reducer`](./use-reducer.mdx)
diff --git a/website/docs/concepts/function-components/hooks/use-callback.mdx b/website/docs/concepts/function-components/hooks/use-callback.mdx
new file mode 100644
index 00000000000..11f20e9e0bd
--- /dev/null
+++ b/website/docs/concepts/function-components/hooks/use-callback.mdx
@@ -0,0 +1,65 @@
+---
+title: "use_callback"
+---
+
+`use_callback` is used for obtaining an immutable reference to a memoized `Callback`.
+Its state persists across renders.
+It will be recreated only if any of the dependencies values change.
+
+`use_callback` can be useful when passing callbacks to optimized child components that rely on
+PartialEq to prevent unnecessary renders.
+
+```rust
+use yew::prelude::*;
+
+#[derive(Properties, PartialEq)]
+pub struct Props {
+    pub callback: Callback<String, String>,
+}
+
+#[function_component(MyComponennt)]
+fn my_component(props: &Props) -> Html {
+    let greeting = props.callback.emit("Yew".to_string());
+
+    html! {
+        <>{ &greeting }</>
+    }
+}
+
+#[function_component(UseCallback)]
+fn callback() -> Html {
+    let counter = use_state(|| 0);
+    let onclick = {
+        let counter = counter.clone();
+        Callback::from(move |_| counter.set(*counter + 1))
+    };
+
+    // This callback depends on (), so it's created only once, then MyComponennt
+    // will be rendered only once even when you click the button mutiple times.
+    let callback = use_callback(
+        move |name| format!("Hello, {}!", name),
+        ()
+    );
+
+    // It can also be used for events.
+    let oncallback = {
+        let counter = counter.clone();
+        use_callback(
+            move |_e| (),
+            counter
+        )
+    };
+
+    html! {
+        <div>
+            <button {onclick}>{ "Increment value" }</button>
+            <button onclick={oncallback}>{ "Callback" }</button>
+            <p>
+                <b>{ "Current value: " }</b>
+                { *counter }
+            </p>
+            <MyComponennt {callback} />
+        </div>
+    }
+}
+```
diff --git a/website/docs/concepts/function-components/state.mdx b/website/docs/concepts/function-components/state.mdx
index 3211f5419f0..b4f99d737b7 100644
--- a/website/docs/concepts/function-components/state.mdx
+++ b/website/docs/concepts/function-components/state.mdx
@@ -13,5 +13,6 @@ This table can be used as a guide when deciding what state storing type fits bes
 | [use_reducer](./hooks/use-reducer)                   | got reduced                  | component instance  |
 | [use_reducer_eq](./hooks/use-reducer#use_reducer_eq) | got reduced with diff. value | component instance  |
 | [use_memo](./hooks/use-memo)                         | dependencies changed         | component instance  |
+| [use_callback](./hooks/use-callback)                 | dependencies changed         | component instance  |
 | [use_mut_ref](./hooks/use-mut-ref)                   | -                            | component instance  |
 | a static global variable                             | -                            | global, used by all |
diff --git a/website/sidebars/docs.js b/website/sidebars/docs.js
index 50f5fe0c003..31846753d00 100644
--- a/website/sidebars/docs.js
+++ b/website/sidebars/docs.js
@@ -62,6 +62,7 @@ module.exports = {
                 "concepts/function-components/hooks/use-node-ref",
                 "concepts/function-components/hooks/use-effect",
                 "concepts/function-components/hooks/use-memo",
+                "concepts/function-components/hooks/use-callback",
                 "concepts/function-components/hooks/use-context",
                 "concepts/function-components/hooks/custom-hooks",
               ],