Dividend Yield (TTM)
1.17%
vs 5Y avg 1.32% · 10Y avg 1.01%
Dividend Yield (Forward)
2.53%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.73
Forward (annualized): $7.96
Payout Ratio (EPS, TTM)
39.7%
Payout Ratio (FCF, TTM)
35.5%
Dividend CAGR (3Y / 5Y / 10Y)
3Y16.5%5Y17.4%10Y18.8%
Consecutive Growth Years
8
as of 2025
Years Without a Cut
8
as of 2025
Total Shareholder Yield (TTM)
4.42%
Div 1.74% + Net buyback 2.67%
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)
4.4%
Dividends 1.7% + Net buybacks 2.7%
Net Buyback (TTM)
€311M
Gross €311M − Issuance €0
SBC (TTM)
€39M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (15.2% latest vs 17.3% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 6.96 | +15.2% | 1 | |
| 2024 | 6.04 | +24.8% | 1 | |
| 2023 | 4.84 | +10.0% | 1 | |
| 2022 | 4.40 | +17.0% | 1 | |
| 2021 | 3.76 | +20.5% | 1 | |
| 2020 | 3.12 | +20.0% | 1 | |
| 2019 | 2.60 | +18.2% | 1 | |
| 2018 | 2.20 | +139.1% | 1 | |
| 2017 | 0.92 | -19.3% | 1 | |
| 2016 | 1.14 | -8.1% | 1 | |
| 2015 | 1.24 | +24.0% | 1 | |
| 2014 | 1.00 | +25.0% | 1 | |
| 2013 | 0.80 | — | 0 | |
| 2012 | 0.00 | — | 0 |
Special dividends are excluded from these figures. Based on 50 regular payments.
Payment history (51 payments · 1 special)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-13 | $1.99 | +14.4% | Cash | quarterly | - | 2026-03-13 | 2026-03-30 |
| 2025-12-15 | $1.74 | 0.0% | Cash | quarterly | - | 2025-12-15 | 2025-12-26 |
| 2025-09-15 | $1.74 | 0.0% | Cash | quarterly | - | 2025-09-15 | 2025-09-30 |
| 2025-06-13 | $1.74 | 0.0% | Cash | quarterly | - | 2025-06-13 | 2025-06-30 |
| 2025-03-14 | $1.74 | +15.2% | Cash | quarterly | - | 2025-03-14 | 2025-03-28 |
| 2024-12-13 | $1.51 | 0.0% | Cash | quarterly | - | 2024-12-13 | 2024-12-27 |
| 2024-09-13 | $1.51 | 0.0% | Cash | quarterly | - | 2024-09-13 | 2024-09-30 |
| 2024-06-14 | $1.51 | 0.0% | Cash | quarterly | - | 2024-06-14 | 2024-06-28 |
| 2024-03-14 | $1.51 | +24.8% | Cash | quarterly | - | 2024-03-15 | 2024-03-29 |
| 2023-12-14 | $1.21 | 0.0% | Cash | quarterly | - | 2023-12-15 | 2023-12-29 |
| 2023-09-14 | $1.21 | 0.0% | Cash | quarterly | - | 2023-09-15 | 2023-09-29 |
| 2023-06-14 | $1.21 | 0.0% | Cash | quarterly | - | 2023-06-15 | 2023-06-30 |
| 2023-03-14 | $1.21 | +10.0% | Cash | quarterly | - | 2023-03-15 | 2023-03-30 |
| 2022-12-14 | $1.1 | 0.0% | Cash | quarterly | - | 2022-12-15 | 2022-12-30 |
| 2022-09-14 | $1.1 | 0.0% | Cash | quarterly | - | 2022-09-15 | 2022-09-30 |
| 2022-06-14 | $1.1 | 0.0% | Cash | quarterly | - | 2022-06-15 | 2022-06-30 |
| 2022-03-14 | $1.1 | +17.0% | Cash | quarterly | - | 2022-03-15 | 2022-03-30 |
| 2021-12-14 | $0.94 | 0.0% | Cash | quarterly | - | 2021-12-15 | 2021-12-30 |
| 2021-09-14 | $0.94 | 0.0% | Cash | quarterly | - | 2021-09-15 | 2021-09-30 |
| 2021-06-14 | $0.94 | 0.0% | Cash | quarterly | - | 2021-06-15 | 2021-06-30 |
| 2021-03-12 | $0.94 | +20.5% | Cash | quarterly | - | 2021-03-15 | 2021-03-30 |
| 2020-12-14 | $0.78 | 0.0% | Cash | quarterly | - | 2020-12-15 | 2020-12-30 |
| 2020-09-14 | $0.78 | 0.0% | Cash | quarterly | - | 2020-09-15 | 2020-09-30 |
| 2020-06-12 | $0.78 | 0.0% | Cash | quarterly | - | 2020-06-15 | 2020-06-30 |
| 2020-03-12 | $0.78 | +20.0% | Cash | quarterly | - | 2020-03-13 | 2020-03-30 |
| 2019-12-12 | $0.65 | 0.0% | Cash | quarterly | - | 2019-12-13 | 2019-12-27 |
| 2019-09-12 | $0.65 | 0.0% | Cash | quarterly | - | 2019-09-13 | 2019-09-30 |
| 2019-06-13 | $0.65 | 0.0% | Cash | quarterly | - | 2019-06-14 | 2019-06-28 |
| 2019-03-14 | $0.65 | +18.2% | Cash | quarterly | - | 2019-03-15 | 2019-03-29 |
| 2018-12-13 | $0.55 | 0.0% | Cash | quarterly | - | 2018-12-14 | 2018-12-28 |
| 2018-09-13 | $0.55 | 0.0% | Cash | quarterly | - | 2018-09-14 | 2018-09-28 |
| 2018-06-14 | $0.55 | 0.0% | Cash | quarterly | - | 2018-06-15 | 2018-06-29 |
| 2018-03-14 | $0.55 | +19.6% | Cash | quarterly | - | 2018-03-15 | 2018-03-30 |
| 2017-12-14 | $0.46 | 0.0% | Cash | quarterly | - | 2017-12-15 | 2017-12-29 |
| 2017-09-14 | $0.46 | +21.1% | Cash | quarterly | - | 2017-09-15 | 2017-09-29 |
| 2016-12-13 | $0.38 | 0.0% | Cash | quarterly | - | 2016-12-15 | 2016-12-30 |
| 2016-06-13 | $0.38 | 0.0% | Cash | quarterly | - | 2016-06-15 | 2016-06-30 |
| 2016-03-11 | $0.38 | +22.6% | Cash | quarterly | - | 2016-03-15 | 2016-03-30 |
| 2015-12-11 | $0.31 | 0.0% | Cash | quarterly | - | 2015-12-15 | 2015-12-30 |
| 2015-09-11 | $0.31 | 0.0% | Cash | quarterly | - | 2015-09-15 | 2015-09-30 |
| 2015-06-11 | $0.31 | 0.0% | Cash | quarterly | - | 2015-06-15 | 2015-06-30 |
| 2015-03-11 | $0.31 | +24.0% | Cash | quarterly | - | 2015-03-13 | 2015-03-30 |
| 2014-12-11 | $0.25 | 0.0% | Cash | quarterly | - | 2014-12-15 | 2014-12-30 |
| 2014-09-11 | $0.25 | 0.0% | Cash | quarterly | - | 2014-09-15 | 2014-09-30 |
| 2014-06-11 | $0.25 | 0.0% | Cash | quarterly | - | 2014-06-13 | 2014-06-30 |
| 2014-03-12 | $0.25 | +25.0% | Cash | quarterly | - | 2014-03-14 | 2014-03-28 |
| 2013-12-11 | $0.2 | 0.0% | Cash | quarterly | - | 2013-12-13 | 2013-12-30 |
| 2013-09-11 | $0.2 | 0.0% | Cash | quarterly | - | 2013-09-13 | 2013-09-30 |
| 2013-06-12 | $0.2 | 0.0% | Cash | quarterly | - | 2013-06-14 | 2013-06-28 |
| 2013-03-13 | $0.2 | – | Cash | quarterly | - | 2013-03-15 | 2013-03-29 |
| 2012-03-22 | $3 | – | Special | — | - | 2012-03-26 | 2012-04-02 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.