Dividend Yield (TTM)
1.33%
vs 5Y avg 2.97% · 10Y avg 2.70%
Dividend Yield (Forward)
2.66%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.00
Forward (annualized): $6.00
Payout Ratio (EPS, TTM)
33.6%
Payout Ratio (FCF, TTM)
31.7%
Dividend CAGR (3Y / 5Y / 10Y)
3Y5.9%5Y5.3%10Y10.5%
Consecutive Growth Years
9
as of 2025
Years Without a Cut
9
as of 2025
Total Shareholder Yield (TTM)
11.92%
Div 3.38% + Net buyback 8.54%
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)
11.9%
Dividends 3.4% + Net buybacks 8.5%
Net Buyback (TTM)
€2.31B
Gross €2.31B − Issuance €0
SBC (TTM)
€0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (6.5% latest vs 6.0% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 5.70 | +6.5% | 1 | |
| 2024 | 5.35 | +2.9% | 1 | |
| 2023 | 5.20 | +8.3% | 1 | |
| 2022 | 4.80 | +6.7% | 0 | |
| 2021 | 4.50 | +2.3% | 1 | |
| 2020 | 4.40 | +7.3% | 0 | |
| 2019 | 4.10 | +15.5% | 1 | |
| 2018 | 3.55 | +57.8% | 2 | |
| 2017 | 2.25 | +60.7% | 1 | |
| 2016 | 1.40 | -33.3% | 0 | |
| 2015 | 2.10 | -25.0% | 0 | |
| 2014 | 2.80 | 0.0% | 0 | |
| 2013 | 2.80 | 0.0% | 0 | |
| 2012 | 2.80 | 0.0% | 0 | |
| 2011 | 2.80 | +300.0% | 0 |
Special dividends are excluded from these figures. Based on 58 regular payments.
Payment history (58 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-02 | $1.5 | 0.0% | Cash | quarterly | - | 2026-03-02 | 2026-03-31 |
| 2025-12-01 | $1.5 | 0.0% | Cash | quarterly | - | 2025-12-01 | 2025-12-31 |
| 2025-09-02 | $1.5 | +11.1% | Cash | quarterly | - | 2025-09-02 | 2025-09-30 |
| 2025-06-02 | $1.35 | 0.0% | Cash | quarterly | - | 2025-06-02 | 2025-06-30 |
| 2025-03-03 | $1.35 | 0.0% | Cash | quarterly | - | 2025-03-03 | 2025-03-31 |
| 2024-12-02 | $1.35 | 0.0% | Cash | quarterly | - | 2024-12-02 | 2024-12-31 |
| 2024-09-03 | $1.35 | 0.0% | Cash | quarterly | - | 2024-09-03 | 2024-09-30 |
| 2024-06-03 | $1.35 | +3.8% | Cash | quarterly | - | 2024-06-03 | 2024-06-28 |
| 2024-03-01 | $1.3 | 0.0% | Cash | quarterly | - | 2024-03-04 | 2024-03-29 |
| 2023-11-30 | $1.3 | 0.0% | Cash | quarterly | - | 2023-12-01 | 2023-12-29 |
| 2023-08-31 | $1.3 | 0.0% | Cash | quarterly | - | 2023-09-01 | 2023-09-29 |
| 2023-05-31 | $1.3 | 0.0% | Cash | quarterly | - | 2023-06-01 | 2023-06-30 |
| 2023-03-03 | $1.3 | +8.3% | Cash | quarterly | - | 2023-03-06 | 2023-03-31 |
| 2022-11-30 | $1.2 | 0.0% | Cash | quarterly | - | 2022-12-01 | 2022-12-30 |
| 2022-08-31 | $1.2 | 0.0% | Cash | quarterly | - | 2022-09-01 | 2022-09-30 |
| 2022-05-31 | $1.2 | 0.0% | Cash | quarterly | - | 2022-06-01 | 2022-06-30 |
| 2022-02-25 | $1.2 | 0.0% | Cash | quarterly | - | 2022-02-28 | 2022-03-31 |
| 2021-11-29 | $1.2 | +9.1% | Cash | quarterly | - | 2021-11-30 | 2021-12-31 |
| 2021-08-31 | $1.1 | 0.0% | Cash | quarterly | - | 2021-09-01 | 2021-09-30 |
| 2021-05-28 | $1.1 | 0.0% | Cash | quarterly | - | 2021-06-01 | 2021-06-30 |
| 2021-02-26 | $1.1 | 0.0% | Cash | quarterly | - | 2021-03-01 | 2021-03-31 |
| 2020-11-30 | $1.1 | 0.0% | Cash | quarterly | - | 2020-12-01 | 2020-12-31 |
| 2020-08-31 | $1.1 | 0.0% | Cash | quarterly | - | 2020-09-01 | 2020-09-30 |
| 2020-05-29 | $1.1 | 0.0% | Cash | quarterly | - | 2020-06-01 | 2020-06-30 |
| 2020-02-28 | $1.1 | 0.0% | Cash | quarterly | - | 2020-03-02 | 2020-03-31 |
| 2019-11-29 | $1.1 | +10.0% | Cash | quarterly | - | 2019-12-02 | 2019-12-31 |
| 2019-08-30 | $1 | 0.0% | Cash | quarterly | - | 2019-09-03 | 2019-09-30 |
| 2019-05-31 | $1 | 0.0% | Cash | quarterly | - | 2019-06-03 | 2019-06-28 |
| 2019-03-01 | $1 | 0.0% | Cash | quarterly | - | 2019-03-04 | 2019-03-29 |
| 2018-11-30 | $1 | 0.0% | Cash | quarterly | - | 2018-12-03 | 2018-12-31 |
| 2018-08-31 | $1 | +25.0% | Cash | quarterly | - | 2018-09-04 | 2018-09-28 |
| 2018-05-31 | $0.8 | +6.7% | Cash | quarterly | - | 2018-06-01 | 2018-06-29 |
| 2018-03-02 | $0.75 | 0.0% | Cash | quarterly | - | 2018-03-05 | 2018-03-30 |
| 2017-11-30 | $0.75 | 0.0% | Cash | quarterly | - | 2017-12-01 | 2017-12-29 |
| 2017-08-30 | $0.75 | 0.0% | Cash | quarterly | - | 2017-09-01 | 2017-09-29 |
| 2017-04-04 | $0.75 | +7.1% | Cash | quarterly | - | 2017-03-06 | 2017-03-31 |
| 2016-11-30 | $0.7 | 0.0% | Cash | quarterly | - | 2016-12-02 | 2016-12-30 |
| 2016-08-30 | $0.7 | 0.0% | Cash | quarterly | - | 2016-09-01 | 2016-09-30 |
| 2015-10-28 | $0.7 | 0.0% | Cash | quarterly | - | 2015-10-30 | 2015-12-29 |
| 2015-05-28 | $0.7 | 0.0% | Cash | quarterly | - | 2015-06-01 | 2015-06-30 |
| 2015-02-26 | $0.7 | 0.0% | Cash | quarterly | - | 2015-03-02 | 2015-03-31 |
| 2014-11-26 | $0.7 | 0.0% | Cash | quarterly | - | 2014-12-01 | 2014-12-31 |
| 2014-08-28 | $0.7 | 0.0% | Cash | quarterly | - | 2014-09-02 | 2014-09-30 |
| 2014-05-29 | $0.7 | 0.0% | Cash | quarterly | - | 2014-06-02 | 2014-06-30 |
| 2014-02-27 | $0.7 | 0.0% | Cash | quarterly | - | 2014-03-03 | 2014-03-31 |
| 2013-11-27 | $0.7 | 0.0% | Cash | quarterly | - | 2013-12-02 | 2013-12-31 |
| 2013-08-29 | $0.7 | 0.0% | Cash | quarterly | - | 2013-09-03 | 2013-09-30 |
| 2013-05-30 | $0.7 | 0.0% | Cash | quarterly | - | 2013-06-03 | 2013-06-28 |
| 2013-02-28 | $0.7 | 0.0% | Cash | quarterly | - | 2013-03-04 | 2013-03-29 |
| 2012-11-29 | $0.7 | 0.0% | Cash | quarterly | - | 2012-12-03 | 2012-12-31 |
| 2012-08-30 | $0.7 | 0.0% | Cash | quarterly | - | 2012-09-04 | 2012-09-28 |
| 2012-05-30 | $0.7 | 0.0% | Cash | quarterly | - | 2012-06-01 | 2012-06-29 |
| 2012-03-01 | $0.7 | 0.0% | Cash | quarterly | - | 2012-03-05 | 2012-03-30 |
| 2011-11-29 | $0.7 | 0.0% | Cash | quarterly | - | 2011-12-01 | 2011-12-30 |
| 2011-08-30 | $0.7 | 0.0% | Cash | quarterly | - | 2011-09-01 | 2011-09-30 |
| 2011-05-27 | $0.7 | 0.0% | Cash | quarterly | - | 2011-06-01 | 2011-06-30 |
| 2011-02-24 | $0.7 | 0.0% | Cash | quarterly | - | 2011-02-28 | 2011-03-31 |
| 2010-11-29 | $0.7 | – | Cash | quarterly | - | 2010-12-01 | 2010-12-31 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.