Dividend Yield (TTM)
1.45%
vs 5Y avg 1.34% · 10Y avg 1.09%
Dividend Yield (Forward)
2.91%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.50
Forward (annualized): $5.00
Payout Ratio (EPS, TTM)
46.0%
Payout Ratio (FCF, TTM)
60.9%
Dividend CAGR (3Y / 5Y / 10Y)
3Y9.2%5Y16.7%10Y26.3%
Consecutive Growth Years
10
as of 2025
Years Without a Cut
10
as of 2025
Total Shareholder Yield (TTM)
6.75%
Div 2.36% + Net buyback 4.39%
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)
6.8%
Dividends 2.4% + Net buybacks 4.4%
Net Buyback (TTM)
€301M
Gross €301M − Issuance €0
SBC (TTM)
€20M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (5.3% latest vs 16.7% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 4.95 | +5.3% | 1 | |
| 2024 | 4.70 | +9.3% | 1 | |
| 2023 | 4.30 | +13.2% | 1 | |
| 2022 | 3.80 | +27.5% | 1 | |
| 2021 | 2.98 | +30.1% | 1 | |
| 2020 | 2.29 | +9.0% | 1 | |
| 2019 | 2.10 | +22.1% | 1 | |
| 2018 | 1.72 | +63.8% | 1 | |
| 2017 | 1.05 | +69.4% | 1 | |
| 2016 | 0.62 | +29.2% | 1 | |
| 2015 | 0.48 | -27.3% | 1 | |
| 2014 | 0.66 | — | 0 |
Special dividends are excluded from these figures. Based on 43 regular payments.
Payment history (43 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-12 | $1.25 | 0.0% | Cash | quarterly | - | 2026-03-12 | 2026-03-26 |
| 2025-11-12 | $1.25 | 0.0% | Cash | quarterly | - | 2025-11-12 | 2025-11-26 |
| 2025-08-14 | $1.25 | 0.0% | Cash | quarterly | - | 2025-08-14 | 2025-08-28 |
| 2025-05-15 | $1.25 | +4.2% | Cash | quarterly | - | 2025-05-15 | 2025-05-29 |
| 2025-03-12 | $1.2 | 0.0% | Cash | quarterly | - | 2025-03-12 | 2025-03-26 |
| 2024-11-13 | $1.2 | 0.0% | Cash | quarterly | - | 2024-11-13 | 2024-11-27 |
| 2024-08-15 | $1.2 | 0.0% | Cash | quarterly | - | 2024-08-15 | 2024-08-29 |
| 2024-05-15 | $1.2 | +9.1% | Cash | quarterly | - | 2024-05-16 | 2024-05-30 |
| 2024-03-13 | $1.1 | 0.0% | Cash | quarterly | - | 2024-03-14 | 2024-03-28 |
| 2023-11-07 | $1.1 | 0.0% | Cash | quarterly | - | 2023-11-08 | 2023-11-22 |
| 2023-08-09 | $1.1 | 0.0% | Cash | quarterly | - | 2023-08-10 | 2023-08-24 |
| 2023-05-16 | $1.1 | +10.0% | Cash | quarterly | - | 2023-05-17 | 2023-05-31 |
| 2023-03-14 | $1 | 0.0% | Cash | quarterly | - | 2023-03-15 | 2023-03-29 |
| 2022-11-09 | $1 | 0.0% | Cash | quarterly | - | 2022-11-10 | 2022-11-23 |
| 2022-08-10 | $1 | 0.0% | Cash | quarterly | - | 2022-08-11 | 2022-08-25 |
| 2022-05-13 | $1 | +25.0% | Cash | quarterly | - | 2022-05-16 | 2022-05-27 |
| 2022-03-09 | $0.8 | 0.0% | Cash | quarterly | - | 2022-03-10 | 2022-03-24 |
| 2021-11-09 | $0.8 | 0.0% | Cash | quarterly | - | 2021-11-11 | 2021-11-24 |
| 2021-08-11 | $0.8 | 0.0% | Cash | quarterly | - | 2021-08-12 | 2021-08-26 |
| 2021-05-14 | $0.8 | +37.9% | Cash | quarterly | - | 2021-05-17 | 2021-05-28 |
| 2021-03-10 | $0.58 | 0.0% | Cash | quarterly | - | 2021-03-11 | 2021-03-25 |
| 2020-11-10 | $0.58 | 0.0% | Cash | quarterly | - | 2020-11-12 | 2020-11-25 |
| 2020-08-12 | $0.58 | 0.0% | Cash | quarterly | - | 2020-08-13 | 2020-08-27 |
| 2020-05-14 | $0.58 | +5.5% | Cash | quarterly | - | 2020-05-15 | 2020-05-29 |
| 2020-03-11 | $0.55 | 0.0% | Cash | quarterly | - | 2020-03-12 | 2020-03-26 |
| 2019-11-13 | $0.55 | 0.0% | Cash | quarterly | - | 2019-11-14 | 2019-11-27 |
| 2019-08-14 | $0.55 | 0.0% | Cash | quarterly | - | 2019-08-15 | 2019-08-29 |
| 2019-05-16 | $0.55 | +22.2% | Cash | quarterly | - | 2019-05-17 | 2019-05-31 |
| 2019-03-13 | $0.45 | 0.0% | Cash | quarterly | - | 2019-03-14 | 2019-03-28 |
| 2018-11-14 | $0.45 | 0.0% | Cash | quarterly | - | 2018-11-15 | 2018-11-29 |
| 2018-08-13 | $0.45 | 0.0% | Cash | quarterly | - | 2018-08-14 | 2018-08-28 |
| 2018-05-17 | $0.45 | +21.6% | Cash | quarterly | - | 2018-05-18 | 2018-06-01 |
| 2018-03-15 | $0.37 | 0.0% | Cash | quarterly | - | 2018-03-16 | 2018-03-29 |
| 2017-11-14 | $0.37 | 0.0% | Cash | quarterly | - | 2017-11-15 | 2017-11-28 |
| 2017-08-07 | $0.37 | +19.4% | Cash | quarterly | - | 2017-08-09 | 2017-08-23 |
| 2017-03-13 | $0.31 | 0.0% | Cash | quarterly | - | 2017-03-15 | 2017-03-29 |
| 2016-11-07 | $0.31 | 0.0% | Cash | quarterly | - | 2016-11-09 | 2016-11-23 |
| 2016-08-08 | $0.31 | +19.2% | Cash | quarterly | - | 2016-08-10 | 2016-08-24 |
| 2015-05-18 | $0.26 | +18.2% | Cash | quarterly | - | 2015-05-20 | 2015-06-03 |
| 2015-03-10 | $0.22 | 0.0% | Cash | quarterly | - | 2015-03-12 | 2015-03-26 |
| 2014-11-07 | $0.22 | 0.0% | Cash | quarterly | - | 2014-11-12 | 2014-11-26 |
| 2014-08-11 | $0.22 | 0.0% | Cash | quarterly | - | 2014-08-13 | 2014-08-27 |
| 2014-05-19 | $0.22 | – | Cash | quarterly | - | 2014-05-21 | 2014-06-04 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.