Dividend Yield (TTM)
0.39%
vs 5Y avg 0.78% · 10Y avg 0.88%
Dividend Yield (Forward)
0.82%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.97
Forward (annualized): $4.12
Payout Ratio (EPS, TTM)
27.5%
Payout Ratio (FCF, TTM)
26.3%
Dividend CAGR (3Y / 5Y / 10Y)
3Y10.3%5Y10.9%10Y10.7%
Consecutive Growth Years
15
as of 2025
Years Without a Cut
15
as of 2025
Total Shareholder Yield (TTM)
2.91%
Div 0.85% + Net buyback 2.06%
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)
2.9%
Dividends 0.9% + Net buybacks 2.1%
Net Buyback (TTM)
€1.49B
Gross €1.49B − Issuance €0
SBC (TTM)
€203M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (10.6% latest vs 11.1% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 3.76 | +10.6% | 1 | |
| 2024 | 3.40 | +10.4% | 1 | |
| 2023 | 3.08 | +10.0% | 1 | |
| 2022 | 2.80 | +12.9% | 1 | |
| 2021 | 2.48 | +10.7% | 1 | |
| 2020 | 2.24 | +12.0% | 1 | |
| 2019 | 2.00 | +13.6% | 1 | |
| 2018 | 1.76 | +15.8% | 1 | |
| 2017 | 1.52 | +2.7% | 1 | |
| 2016 | 1.48 | +8.8% | 1 | |
| 2015 | 1.36 | +21.4% | 1 | |
| 2014 | 1.12 | +24.4% | 1 | |
| 2013 | 0.90 | +40.6% | 2 | |
| 2012 | 0.64 | +19.6% | 1 | |
| 2011 | 0.535 | +409.5% | 2 |
Special dividends are excluded from these figures. Based on 62 regular payments.
Payment history (62 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-02 | $1.03 | +9.6% | Cash | quarterly | - | 2026-03-02 | 2026-03-13 |
| 2025-11-21 | $0.94 | 0.0% | Cash | quarterly | - | 2025-11-21 | 2025-12-12 |
| 2025-08-15 | $0.94 | 0.0% | Cash | quarterly | - | 2025-08-15 | 2025-09-05 |
| 2025-05-16 | $0.94 | 0.0% | Cash | quarterly | - | 2025-05-16 | 2025-06-06 |
| 2025-02-25 | $0.94 | +10.6% | Cash | quarterly | - | 2025-02-25 | 2025-03-14 |
| 2024-11-22 | $0.85 | 0.0% | Cash | quarterly | - | 2024-11-22 | 2024-12-13 |
| 2024-08-16 | $0.85 | 0.0% | Cash | quarterly | - | 2024-08-16 | 2024-09-06 |
| 2024-05-16 | $0.85 | 0.0% | Cash | quarterly | - | 2024-05-17 | 2024-06-07 |
| 2024-02-22 | $0.85 | +10.4% | Cash | quarterly | - | 2024-02-23 | 2024-03-15 |
| 2023-11-22 | $0.77 | 0.0% | Cash | quarterly | - | 2023-11-24 | 2023-12-15 |
| 2023-08-17 | $0.77 | 0.0% | Cash | quarterly | - | 2023-08-18 | 2023-09-08 |
| 2023-05-18 | $0.77 | 0.0% | Cash | quarterly | - | 2023-05-19 | 2023-06-09 |
| 2023-02-23 | $0.77 | +10.0% | Cash | quarterly | - | 2023-02-24 | 2023-03-17 |
| 2022-11-22 | $0.7 | 0.0% | Cash | quarterly | - | 2022-11-23 | 2022-12-14 |
| 2022-08-18 | $0.7 | 0.0% | Cash | quarterly | - | 2022-08-19 | 2022-09-09 |
| 2022-05-19 | $0.7 | 0.0% | Cash | quarterly | - | 2022-05-20 | 2022-06-10 |
| 2022-02-24 | $0.7 | +12.9% | Cash | quarterly | - | 2022-02-25 | 2022-03-18 |
| 2021-11-22 | $0.62 | 0.0% | Cash | quarterly | - | 2021-11-23 | 2021-12-14 |
| 2021-08-19 | $0.62 | 0.0% | Cash | quarterly | - | 2021-08-20 | 2021-09-10 |
| 2021-05-19 | $0.62 | 0.0% | Cash | quarterly | - | 2021-05-20 | 2021-06-10 |
| 2021-02-24 | $0.62 | +10.7% | Cash | quarterly | - | 2021-02-25 | 2021-03-18 |
| 2020-11-20 | $0.56 | 0.0% | Cash | quarterly | - | 2020-11-23 | 2020-12-14 |
| 2020-08-19 | $0.56 | 0.0% | Cash | quarterly | - | 2020-08-20 | 2020-09-10 |
| 2020-05-19 | $0.56 | 0.0% | Cash | quarterly | - | 2020-05-20 | 2020-06-10 |
| 2020-02-24 | $0.56 | +12.0% | Cash | quarterly | - | 2020-02-25 | 2020-03-18 |
| 2019-11-20 | $0.5 | 0.0% | Cash | quarterly | - | 2019-11-21 | 2019-12-12 |
| 2019-08-19 | $0.5 | 0.0% | Cash | quarterly | - | 2019-08-20 | 2019-09-10 |
| 2019-05-17 | $0.5 | 0.0% | Cash | quarterly | - | 2019-05-20 | 2019-06-10 |
| 2019-02-22 | $0.5 | +13.6% | Cash | quarterly | - | 2019-02-25 | 2019-03-18 |
| 2018-11-20 | $0.44 | 0.0% | Cash | quarterly | - | 2018-11-21 | 2018-12-12 |
| 2018-08-17 | $0.44 | 0.0% | Cash | quarterly | - | 2018-08-20 | 2018-09-10 |
| 2018-05-18 | $0.44 | 0.0% | Cash | quarterly | - | 2018-05-21 | 2018-06-11 |
| 2018-02-16 | $0.44 | +15.8% | Cash | quarterly | - | 2018-02-20 | 2018-03-12 |
| 2017-11-20 | $0.38 | 0.0% | Cash | quarterly | - | 2017-11-21 | 2017-12-12 |
| 2017-08-18 | $0.38 | 0.0% | Cash | quarterly | - | 2017-08-22 | 2017-09-12 |
| 2017-05-18 | $0.38 | 0.0% | Cash | quarterly | - | 2017-05-22 | 2017-06-12 |
| 2017-02-16 | $0.38 | +2.7% | Cash | quarterly | - | 2017-02-20 | 2017-03-10 |
| 2016-11-17 | $0.37 | 0.0% | Cash | quarterly | - | 2016-11-21 | 2016-12-12 |
| 2016-08-18 | $0.37 | 0.0% | Cash | quarterly | - | 2016-08-22 | 2016-09-12 |
| 2016-05-18 | $0.37 | 0.0% | Cash | quarterly | - | 2016-05-20 | 2016-06-10 |
| 2016-02-17 | $0.37 | +8.8% | Cash | quarterly | - | 2016-02-19 | 2016-03-10 |
| 2015-11-18 | $0.34 | 0.0% | Cash | quarterly | - | 2015-11-20 | 2015-12-10 |
| 2015-08-18 | $0.34 | 0.0% | Cash | quarterly | - | 2015-08-20 | 2015-09-10 |
| 2015-05-18 | $0.34 | 0.0% | Cash | quarterly | - | 2015-05-20 | 2015-06-10 |
| 2015-02-18 | $0.34 | +21.4% | Cash | quarterly | - | 2015-02-20 | 2015-03-10 |
| 2014-11-18 | $0.28 | 0.0% | Cash | quarterly | - | 2014-11-20 | 2014-12-10 |
| 2014-08-18 | $0.28 | 0.0% | Cash | quarterly | - | 2014-08-20 | 2014-09-10 |
| 2014-05-16 | $0.28 | 0.0% | Cash | quarterly | - | 2014-05-20 | 2014-06-10 |
| 2014-02-18 | $0.28 | +12.0% | Cash | quarterly | - | 2014-02-20 | 2014-03-10 |
| 2013-11-18 | $0.25 | 0.0% | Cash | quarterly | - | 2013-11-20 | 2013-12-10 |
| 2013-08-16 | $0.25 | +25.0% | Cash | quarterly | - | 2013-08-20 | 2013-09-10 |
| 2013-05-16 | $0.2 | 0.0% | Cash | quarterly | - | 2013-05-20 | 2013-06-10 |
| 2013-02-15 | $0.2 | +25.0% | Cash | quarterly | - | 2013-02-20 | 2013-03-11 |
| 2012-11-16 | $0.16 | 0.0% | Cash | quarterly | - | 2012-11-20 | 2012-12-10 |
| 2012-08-16 | $0.16 | 0.0% | Cash | quarterly | - | 2012-08-20 | 2012-09-10 |
| 2012-05-17 | $0.16 | 0.0% | Cash | quarterly | - | 2012-05-21 | 2012-06-11 |
| 2012-02-15 | $0.16 | +14.3% | Cash | quarterly | - | 2012-02-20 | 2012-03-10 |
| 2011-11-16 | $0.14 | 0.0% | Cash | quarterly | - | 2011-11-20 | 2011-12-10 |
| 2011-08-17 | $0.14 | 0.0% | Cash | quarterly | - | 2011-08-20 | 2011-09-10 |
| 2011-05-18 | $0.14 | +21.7% | Cash | quarterly | - | 2011-05-20 | 2011-06-10 |
| 2011-02-16 | $0.115 | +9.5% | Cash | quarterly | - | 2011-02-20 | 2011-03-10 |
| 2010-11-17 | $0.105 | – | Cash | quarterly | - | 2010-11-20 | 2010-12-10 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.