Dividend Yield (TTM)
1.52%
vs 5Y avg 1.79% · 10Y avg 1.49%
Dividend Yield (Forward)
2.99%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.04
Forward (annualized): $4.08
Payout Ratio (EPS, TTM)
68.1%
Payout Ratio (FCF, TTM)
41.2%
Dividend CAGR (3Y / 5Y / 10Y)
3Y8.8%5Y6.3%10Y15.9%
Consecutive Growth Years
8
as of 2025
Years Without a Cut
8
as of 2025
Total Shareholder Yield (TTM)
8.18%
Div 2.92% + Net buyback 5.26%
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)
8.2%
Dividends 2.9% + Net buybacks 5.3%
Net Buyback (TTM)
€1.16B
Gross €1.16B − Issuance €0
SBC (TTM)
€53M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (3.8% latest vs 9.0% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 4.07 | +3.8% | 1 | |
| 2024 | 3.92 | +13.0% | 1 | |
| 2023 | 3.47 | +9.8% | 1 | |
| 2022 | 3.16 | +4.3% | 1 | |
| 2021 | 3.03 | +1.0% | 1 | |
| 2020 | 3.00 | +0.3% | 0 | |
| 2019 | 2.99 | +9.1% | 1 | |
| 2018 | 2.74 | +197.8% | 1 | |
| 2017 | 0.92 | -17.1% | 1 | |
| 2016 | 1.11 | +19.4% | 1 | |
| 2015 | 0.93 | — | 0 |
Special dividends are excluded from these figures. Based on 41 regular payments.
Payment history (41 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-01-29 | $1.02 | 0.0% | Cash | quarterly | - | 2026-01-29 | 2026-02-12 |
| 2025-10-30 | $1.02 | 0.0% | Cash | quarterly | - | 2025-10-30 | 2025-11-13 |
| 2025-07-30 | $1.02 | 0.0% | Cash | quarterly | - | 2025-07-30 | 2025-08-14 |
| 2025-04-29 | $1.02 | +1.0% | Cash | quarterly | - | 2025-04-29 | 2025-05-15 |
| 2025-02-07 | $1.01 | 0.0% | Cash | quarterly | - | 2025-02-07 | 2025-02-21 |
| 2024-11-05 | $1.01 | 0.0% | Cash | quarterly | - | 2024-11-05 | 2024-11-21 |
| 2024-08-14 | $1.01 | 0.0% | Cash | quarterly | - | 2024-08-14 | 2024-08-23 |
| 2024-05-02 | $1.01 | +13.5% | Cash | quarterly | - | 2024-05-03 | 2024-05-17 |
| 2024-02-07 | $0.89 | 0.0% | Cash | quarterly | - | 2024-02-08 | 2024-02-22 |
| 2023-11-02 | $0.89 | 0.0% | Cash | quarterly | - | 2023-11-03 | 2023-11-17 |
| 2023-08-09 | $0.89 | 0.0% | Cash | quarterly | - | 2023-08-10 | 2023-08-24 |
| 2023-05-03 | $0.89 | +11.3% | Cash | quarterly | - | 2023-05-04 | 2023-05-18 |
| 2023-02-07 | $0.8 | 0.0% | Cash | quarterly | - | 2023-02-08 | 2023-02-22 |
| 2022-11-03 | $0.8 | 0.0% | Cash | quarterly | - | 2022-11-04 | 2022-11-18 |
| 2022-08-09 | $0.8 | 0.0% | Cash | quarterly | - | 2022-08-10 | 2022-08-24 |
| 2022-05-04 | $0.8 | +5.3% | Cash | quarterly | - | 2022-05-05 | 2022-05-19 |
| 2022-02-08 | $0.76 | 0.0% | Cash | quarterly | - | 2022-02-09 | 2022-02-23 |
| 2021-11-04 | $0.76 | 0.0% | Cash | quarterly | - | 2021-11-05 | 2021-11-19 |
| 2021-08-09 | $0.76 | 0.0% | Cash | quarterly | - | 2021-08-10 | 2021-08-24 |
| 2021-05-03 | $0.76 | +1.3% | Cash | quarterly | - | 2021-05-04 | 2021-05-18 |
| 2021-02-08 | $0.75 | 0.0% | Cash | quarterly | - | 2021-02-09 | 2021-02-23 |
| 2020-11-05 | $0.75 | 0.0% | Cash | quarterly | - | 2020-11-06 | 2020-11-20 |
| 2020-08-10 | $0.75 | 0.0% | Cash | quarterly | - | 2020-08-11 | 2020-08-25 |
| 2020-05-04 | $0.75 | 0.0% | Cash | quarterly | - | 2020-05-05 | 2020-05-19 |
| 2020-02-10 | $0.75 | 0.0% | Cash | quarterly | - | 2020-02-11 | 2020-02-25 |
| 2019-11-07 | $0.75 | 0.0% | Cash | quarterly | - | 2019-11-08 | 2019-11-22 |
| 2019-08-12 | $0.75 | 0.0% | Cash | quarterly | - | 2019-08-13 | 2019-08-27 |
| 2019-05-09 | $0.75 | +1.4% | Cash | quarterly | - | 2019-05-10 | 2019-05-24 |
| 2019-02-11 | $0.74 | 0.0% | Cash | quarterly | - | 2019-02-12 | 2019-02-26 |
| 2018-11-05 | $0.74 | 0.0% | Cash | quarterly | - | 2018-11-06 | 2018-11-20 |
| 2018-08-09 | $0.74 | 0.0% | Cash | quarterly | - | 2018-08-10 | 2018-08-24 |
| 2018-05-09 | $0.74 | +42.3% | Cash | quarterly | - | 2018-05-10 | 2018-05-24 |
| 2018-02-08 | $0.52 | 0.0% | Cash | quarterly | - | 2018-02-09 | 2018-02-23 |
| 2017-11-06 | $0.52 | +30.0% | Cash | quarterly | - | 2017-11-07 | 2017-11-21 |
| 2017-02-07 | $0.4 | 0.0% | Cash | quarterly | - | 2017-02-09 | 2017-02-23 |
| 2016-11-04 | $0.4 | 0.0% | Cash | quarterly | - | 2016-11-08 | 2016-11-22 |
| 2016-08-08 | $0.4 | +29.0% | Cash | quarterly | - | 2016-08-10 | 2016-08-24 |
| 2016-02-05 | $0.31 | 0.0% | Cash | quarterly | - | 2016-02-09 | 2016-02-24 |
| 2015-11-05 | $0.31 | 0.0% | Cash | quarterly | - | 2015-11-09 | 2015-11-24 |
| 2015-08-07 | $0.31 | 0.0% | Cash | quarterly | - | 2015-08-11 | 2015-08-25 |
| 2015-05-06 | $0.31 | – | Cash | quarterly | - | 2015-05-08 | 2015-05-22 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.