Dividend Yield (TTM)
1.96%
vs 5Y avg 4.44% · 10Y avg 3.35%
Dividend Yield (Forward)
3.95%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.91
Forward (annualized): $3.84
Payout Ratio (EPS, TTM)
75.7%
Payout Ratio (FCF, TTM)
65.0%
Dividend CAGR (3Y / 5Y / 10Y)
3Y2.6%5Y11.6%10Y18.6%
Consecutive Growth Years
8
as of 2025
Years Without a Cut
8
as of 2025
Total Shareholder Yield (TTM)
7.64%
Div 5.69% + Net buyback 1.95%
Growth, streak and CAGR figures exclude special dividends.
Statement cash flows converted from the reporting currency at each fiscal year's average rate (vendor forex_rate).
Dividends per share
Cash dividends, split-adjusted · USD
Payout ratio
Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.
Dividend yield
Trailing-twelve-month dividends ÷ month-end price.
Capital returns
Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.
Total Shareholder Yield (TTM)
7.6%
Dividends 5.7% + Net buybacks 1.9%
Net Buyback (TTM)
€237M
Gross €237M − Issuance €0
SBC (TTM)
€121M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (1.1% latest vs 10.8% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 3.80 | +1.1% | 1 | |
| 2024 | 3.76 | +2.2% | 1 | |
| 2023 | 3.68 | +4.5% | 1 | |
| 2022 | 3.52 | +25.7% | 1 | |
| 2021 | 2.80 | +27.3% | 1 | |
| 2020 | 2.20 | +10.0% | 1 | |
| 2019 | 2.00 | +11.1% | 1 | |
| 2018 | 1.80 | +76.5% | 1 | |
| 2017 | 1.02 | -8.9% | 1 | |
| 2016 | 1.12 | +62.3% | 1 | |
| 2015 | 0.69 | -4.2% | 1 | |
| 2014 | 0.72 | +5.9% | 1 | |
| 2013 | 0.68 | +3.0% | 0 | |
| 2012 | 0.66 | +6.5% | 1 | |
| 2011 | 0.62 | +106.7% | 1 |
Special dividends are excluded from these figures. Based on 61 regular payments.
Payment history (62 payments · 1 special)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-24 | $0.96 | +1.1% | Cash | quarterly | - | 2026-03-24 | 2026-04-14 |
| 2025-12-16 | $0.95 | 0.0% | Cash | quarterly | - | 2025-12-16 | 2026-01-06 |
| 2025-09-18 | $0.95 | 0.0% | Cash | quarterly | - | 2025-09-18 | 2025-10-09 |
| 2025-06-18 | $0.95 | 0.0% | Cash | quarterly | - | 2025-06-19 | 2025-07-10 |
| 2025-03-25 | $0.95 | +1.1% | Cash | quarterly | - | 2025-03-25 | 2025-04-15 |
| 2024-12-17 | $0.94 | 0.0% | Cash | quarterly | - | 2024-12-17 | 2025-01-07 |
| 2024-09-19 | $0.94 | 0.0% | Cash | quarterly | - | 2024-09-19 | 2024-10-10 |
| 2024-06-20 | $0.94 | 0.0% | Cash | quarterly | - | 2024-06-20 | 2024-07-11 |
| 2024-03-20 | $0.94 | +2.2% | Cash | quarterly | - | 2024-03-21 | 2024-04-11 |
| 2023-12-11 | $0.92 | 0.0% | Cash | quarterly | - | 2023-12-12 | 2024-01-02 |
| 2023-09-18 | $0.92 | 0.0% | Cash | quarterly | - | 2023-09-19 | 2023-10-10 |
| 2023-06-14 | $0.92 | 0.0% | Cash | quarterly | - | 2023-06-15 | 2023-07-06 |
| 2023-03-22 | $0.92 | +4.5% | Cash | quarterly | - | 2023-03-23 | 2023-04-13 |
| 2022-12-12 | $0.88 | 0.0% | Cash | quarterly | - | 2022-12-13 | 2023-01-03 |
| 2022-09-19 | $0.88 | 0.0% | Cash | quarterly | - | 2022-09-20 | 2022-10-11 |
| 2022-06-13 | $0.88 | 0.0% | Cash | quarterly | - | 2022-06-14 | 2022-07-05 |
| 2022-03-23 | $0.88 | +25.7% | Cash | quarterly | - | 2022-03-24 | 2022-04-14 |
| 2021-12-13 | $0.7 | 0.0% | Cash | quarterly | - | 2021-12-14 | 2022-01-04 |
| 2021-09-13 | $0.7 | 0.0% | Cash | quarterly | - | 2021-09-14 | 2021-10-05 |
| 2021-06-16 | $0.7 | 0.0% | Cash | quarterly | - | 2021-06-17 | 2021-07-08 |
| 2021-03-17 | $0.7 | +27.3% | Cash | quarterly | - | 2021-03-18 | 2021-04-08 |
| 2020-12-14 | $0.55 | 0.0% | Cash | quarterly | - | 2020-12-15 | 2021-01-05 |
| 2020-09-14 | $0.55 | 0.0% | Cash | quarterly | - | 2020-09-15 | 2020-10-06 |
| 2020-06-10 | $0.55 | 0.0% | Cash | quarterly | - | 2020-06-11 | 2020-07-02 |
| 2020-03-18 | $0.55 | +10.0% | Cash | quarterly | - | 2020-03-19 | 2020-04-09 |
| 2019-12-16 | $0.5 | 0.0% | Cash | quarterly | - | 2019-12-17 | 2020-01-07 |
| 2019-09-18 | $0.5 | 0.0% | Cash | quarterly | - | 2019-09-19 | 2019-10-10 |
| 2019-06-12 | $0.5 | 0.0% | Cash | quarterly | - | 2019-06-13 | 2019-07-05 |
| 2019-03-19 | $0.5 | +11.1% | Cash | quarterly | - | 2019-03-20 | 2019-04-10 |
| 2018-12-10 | $0.45 | 0.0% | Cash | quarterly | - | 2018-12-11 | 2018-12-31 |
| 2018-09-17 | $0.45 | 0.0% | Cash | quarterly | - | 2018-09-18 | 2018-10-09 |
| 2018-06-13 | $0.45 | 0.0% | Cash | quarterly | - | 2018-06-14 | 2018-07-05 |
| 2018-03-21 | $0.45 | +32.4% | Cash | quarterly | - | 2018-03-22 | 2018-04-12 |
| 2017-12-06 | $0.34 | 0.0% | Cash | quarterly | - | 2017-12-07 | 2017-12-28 |
| 2017-09-18 | $0.34 | 0.0% | Cash | quarterly | - | 2017-09-19 | 2017-10-10 |
| 2017-06-13 | $0.34 | +21.4% | Cash | quarterly | - | 2017-06-15 | 2017-07-06 |
| 2016-12-06 | $0.28 | 0.0% | Cash | quarterly | - | 2016-12-08 | 2016-12-29 |
| 2016-09-09 | $0.28 | 0.0% | Cash | quarterly | - | 2016-09-13 | 2016-10-04 |
| 2016-06-10 | $0.28 | 0.0% | Cash | quarterly | - | 2016-06-14 | 2016-07-05 |
| 2016-03-15 | $0.28 | +21.7% | Cash | quarterly | - | 2016-03-17 | 2016-04-07 |
| 2015-12-08 | $0.23 | 0.0% | Cash | quarterly | - | 2015-12-10 | 2015-12-31 |
| 2015-09-11 | $0.23 | 0.0% | Cash | quarterly | - | 2015-09-15 | 2015-10-06 |
| 2015-06-09 | $0.23 | +21.1% | Cash | quarterly | - | 2015-06-11 | 2015-07-02 |
| 2015-03-20 | $0.51 | – | Special | — | - | 2015-03-24 | 2015-04-14 |
| 2014-12-09 | $0.19 | 0.0% | Cash | quarterly | - | 2014-12-11 | 2014-12-31 |
| 2014-09-09 | $0.19 | +11.8% | Cash | quarterly | - | 2014-09-11 | 2014-10-02 |
| 2014-06-10 | $0.17 | 0.0% | Cash | quarterly | - | 2014-06-12 | 2014-07-03 |
| 2014-03-18 | $0.17 | 0.0% | Cash | quarterly | - | 2014-03-20 | 2014-04-10 |
| 2013-12-06 | $0.17 | 0.0% | Cash | quarterly | - | 2013-12-10 | 2013-12-31 |
| 2013-09-06 | $0.17 | 0.0% | Cash | quarterly | - | 2013-09-10 | 2013-10-01 |
| 2013-06-07 | $0.17 | 0.0% | Cash | quarterly | - | 2013-06-11 | 2013-07-02 |
| 2013-03-19 | $0.17 | 0.0% | Cash | quarterly | - | 2013-03-21 | 2013-04-11 |
| 2012-12-07 | $0.17 | 0.0% | Cash | quarterly | - | 2012-12-11 | 2012-12-31 |
| 2012-09-07 | $0.17 | +6.3% | Cash | quarterly | - | 2012-09-11 | 2012-10-02 |
| 2012-06-08 | $0.16 | 0.0% | Cash | quarterly | - | 2012-06-12 | 2012-07-03 |
| 2012-04-17 | $0.16 | 0.0% | Cash | quarterly | - | 2012-04-19 | 2012-05-10 |
| 2011-12-29 | $0.16 | 0.0% | Cash | quarterly | - | 2012-01-03 | 2012-01-24 |
| 2011-09-30 | $0.16 | +6.7% | Cash | quarterly | - | 2011-10-04 | 2011-10-25 |
| 2011-06-30 | $0.15 | 0.0% | Cash | quarterly | - | 2011-07-05 | 2011-07-26 |
| 2011-04-12 | $0.15 | 0.0% | Cash | quarterly | - | 2011-04-14 | 2011-05-05 |
| 2010-12-30 | $0.15 | 0.0% | Cash | quarterly | - | 2011-01-04 | 2011-01-25 |
| 2010-10-01 | $0.15 | – | Cash | quarterly | - | 2010-10-05 | 2010-10-26 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.