Macy's Inc

NYSE : M
USA·Consumer Cyclical·Retail - Cyclical
$24.00
+1.58 (+7.71%)Oct 16 close
Market Cap
$6.38B
Enterprise Value
$10.18B
P/E (TTM)
8.79
P/B
1.27
Net Cash / (Debt)
−$3.79B
52-Week Range
$17 — $26
5-Year Range
$10 — $37
Avg Volume (3M)
5.61M
ListingsNYSEMEXSTULTSWBO
Dividend Yield (TTM)
3.15%
vs 5Y avg 3.65% · 10Y avg 5.39%
Dividend Yield (Forward)
3.19%
4 payments/yr (spacing)
Dividends / Share (TTM)
$0.7569
Forward (annualized): $0.766
Payout Ratio (EPS, TTM)
27.5%
Payout Ratio (FCF, TTM)
19.8%
Dividend CAGR (3Y / 5Y / 10Y)
3Y5.0%5Y14.1%10Y-6.3%
Consecutive Growth Years
4
as of 2025
Years Without a Cut
4
as of 2025
Total Shareholder Yield (TTM)
6.99%
Div 3.43% + Net buyback 3.55%

Growth, streak and CAGR figures exclude special dividends.

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)
7.0%
Dividends 3.4% + Net buybacks 3.6%
Net Buyback (TTM)
$205M
Gross $205M − Issuance $0
SBC (TTM)
$63M
Share-based compensation, dilution driver
Net share-count change % / yr

Annual dividend growth

Dividend growth is decelerating (5.0% latest vs 40.0% 3-yr avg).

YearDPS (regular sum, USD)ChangeHikes
20250.7296+5.0%1
20240.6948+5.0%1
20230.6616+5.0%1
20220.63+110.0%1
20210.30-20.5%0
20200.3775-75.0%0
20191.510.0%0
20181.510.0%0
20171.51+1.2%0
20161.49+7.2%1
20151.39+17.3%1
20141.19+25.0%1
20130.95+18.7%1
20120.80+128.6%1
20110.35+75.0%1

Special dividends are excluded from these figures. Based on 89 regular payments.

Payment history (89 payments)

As declaredΔ%TypeFrequencyDeclarationRecordPay date
2026-09-15$0.1915–0.0%Cashquarterly2026-08-272026-09-152026-10-01
2026-06-15$0.1915–0.0%Cashquarterly2026-05-152026-06-152026-07-01
2026-03-13$0.1915–+5.0%Cashquarterly2026-02-272026-03-132026-04-01
2025-12-15$0.1824–0.0%Cashquarterly2025-10-242025-12-152026-01-02
2025-09-15$0.1824–0.0%Cashquarterly2025-08-222025-09-152025-10-01
2025-06-13$0.1824–0.0%Cashquarterly2025-05-162025-06-132025-07-01
2025-03-14$0.1824–+5.0%Cashquarterly2025-02-282025-03-142025-04-01
2024-12-13$0.1737–0.0%Cashquarterly2024-10-252024-12-132025-01-02
2024-09-13$0.1737–0.0%Cashquarterly2024-08-232024-09-132024-10-01
2024-06-14$0.1737–0.0%Cashquarterly2024-05-162024-06-142024-07-01
2024-03-14$0.1737–+5.0%Cashquarterly2024-02-232024-03-152024-04-01
2023-12-14$0.1654–0.0%Cashquarterly2023-10-272023-12-152024-01-02
2023-09-14$0.1654–0.0%Cashquarterly2023-08-252023-09-152023-10-02
2023-06-14$0.1654–0.0%Cashquarterly2023-06-012023-06-152023-07-03
2023-03-14$0.1654–+5.0%Cashquarterly2023-02-242023-03-152023-04-03
2022-12-14$0.1575–0.0%Cashquarterly2022-10-282022-12-152023-01-03
2022-09-14$0.1575–0.0%Cashquarterly2022-08-262022-09-152022-10-03
2022-06-14$0.1575–0.0%Cashquarterly2022-05-262022-06-152022-07-01
2022-03-14$0.1575–+5.0%Cashquarterly2022-02-222022-03-152022-04-01
2021-12-14$0.15–0.0%Cashquarterly2021-10-222021-12-152022-01-03
2021-09-14$0.15–-60.3%Cashquarterly2021-08-192021-09-152021-10-01
2020-03-12$0.3775–0.0%Cashquarterly2020-02-282020-03-132020-04-01
2019-12-12$0.3775–0.0%Cashquarterly2019-10-252019-12-132020-01-02
2019-09-12$0.3775–0.0%Cashquarterly2019-08-232019-09-132019-10-01
2019-06-13$0.3775–0.0%Cashquarterly2019-05-172019-06-142019-07-01
2019-03-14$0.3775–0.0%Cashquarterly2019-02-222019-03-152019-04-01
2018-12-13$0.3775–0.0%Cashquarterly2018-10-262018-12-142019-01-02
2018-09-13$0.3775–0.0%Cashquarterly2018-08-242018-09-142018-10-01
2018-06-14$0.3775–0.0%Cashquarterly2018-05-182018-06-152018-07-02
2018-03-14$0.3775–0.0%Cashquarterly2018-02-232018-03-152018-04-02
2017-12-14$0.3775–0.0%Cashquarterly2017-10-272017-12-152018-01-02
2017-09-14$0.3775–0.0%Cashquarterly2017-08-252017-09-152017-10-02
2017-06-13$0.3775–0.0%Cashquarterly2017-05-122017-06-152017-07-03
2017-03-13$0.3775–0.0%Cashquarterly2017-02-242017-03-152017-04-03
2016-12-13$0.3775–0.0%Cashquarterly2016-10-282016-12-152017-01-03
2016-09-13$0.3775–0.0%Cashquarterly2016-08-262016-09-152016-10-03
2016-06-13$0.3775–+4.9%Cashquarterly2016-05-112016-06-152016-07-01
2016-03-11$0.36–0.0%Cashquarterly2016-02-262016-03-152016-04-01
2015-12-11$0.36–0.0%Cashquarterly2015-11-092015-12-152016-01-04
2015-09-11$0.36–0.0%Cashquarterly2015-08-282015-09-152015-10-01
2015-06-11$0.36–+15.2%Cashquarterly2015-05-152015-06-152015-07-01
2015-03-11$0.3125–0.0%Cashquarterly2015-02-272015-03-132015-04-01
2014-12-11$0.3125–0.0%Cashquarterly2014-10-242014-12-152014-01-02
2014-09-11$0.3125–0.0%Cashquarterly2014-08-222014-09-152014-10-01
2014-06-11$0.3125–+25.0%Cashquarterly2014-05-142014-06-132014-07-01
2014-03-12$0.25–0.0%Cashquarterly2014-02-282014-03-142014-04-01
2013-12-11$0.25–0.0%Cashquarterly2013-10-252013-12-132014-01-02
2013-09-11$0.25–0.0%Cashquarterly2013-08-232013-09-132013-10-01
2013-06-12$0.25–+25.0%Cashquarterly2013-05-162013-06-142013-07-01
2013-03-13$0.2–0.0%Cashquarterly2013-02-222013-03-152013-04-01
2012-12-12$0.2–0.0%Cashquarterly2012-10-262012-12-142013-01-02
2012-09-12$0.2–0.0%Cashquarterly2012-08-252012-09-142012-10-01
2012-06-13$0.2–0.0%Cashquarterly2012-05-192012-06-152012-07-02
2012-03-13$0.2–+100.0%Cashquarterly2012-01-062012-03-152012-04-02
2011-12-13$0.1–0.0%Cashquarterly2011-10-292011-12-152012-01-03
2011-09-13$0.1–0.0%Cashquarterly2011-08-272011-09-152011-10-03
2011-06-13$0.1–+100.0%Cashquarterly2011-05-122011-06-152011-07-01
2011-03-11$0.05–0.0%Cashquarterly2011-02-262011-03-152011-04-01
2010-12-13$0.05–0.0%Cashquarterly2010-10-232010-12-152011-01-03
2010-09-13$0.05–0.0%Cashquarterly2010-08-212010-09-152010-10-01
2010-06-11$0.05–0.0%Cashquarterly2010-05-152010-06-152010-07-01
2010-03-11$0.05–0.0%Cashquarterly2010-02-222010-03-152010-04-01
2009-12-11$0.05–0.0%Cashquarterly2009-10-262009-12-152010-01-04
2009-09-11$0.05–0.0%Cashquarterly2009-08-242009-09-152009-10-01
2009-06-11$0.05–0.0%Cashquarterly2009-05-182009-06-152009-07-01
2009-03-11$0.05–-62.3%Cashquarterly2009-02-022009-03-132009-04-01
2008-12-11$0.1325–0.0%Cashquarterly2008-10-272008-12-152009-01-02
2008-09-11$0.1325–0.0%Cashquarterly2008-08-252008-09-152008-10-01
2008-06-11$0.1325–+1.9%Cashquarterly2008-05-162008-06-132008-07-01
2008-03-12$0.13–0.0%Cashquarterly2008-02-222008-03-142008-04-01
2007-12-12$0.13–0.0%Cashquarterly2007-10-262007-12-142008-01-02
2007-09-12$0.13–0.0%Cashquarterly2007-08-242007-09-142007-10-01
2007-06-13$0.13–+2.0%Cashquarterly2007-05-182007-06-152007-07-02
2007-03-13$0.1275–0.0%Cashquarterly2007-02-272007-03-152007-04-02
2006-12-13$0.1275–0.0%Cashquarterly2006-10-262006-12-152007-01-02
2006-09-13$0.1275–0.0%Cashquarterly2006-08-252006-09-152006-10-02
2006-06-14$0.1275–+2.0%Cashquarterly2006-03-282006-06-162006-07-03
2006-03-13$0.125$0.250.0%Cashquarterly2006-02-242006-03-152006-04-03
2005-12-13$0.125$0.250.0%Cashquarterly2005-10-282005-12-152006-01-02
2005-08-30$0.125$0.25+85.2%Cashquarterly2005-08-292005-08-292005-10-03
2005-06-13$0.0675$0.1350.0%Cashquarterly2005-05-202005-06-152005-07-01
2005-03-11$0.0675$0.1350.0%Cashquarterly2005-01-282005-03-152005-04-01
2004-12-13$0.0675$0.1350.0%Cashquarterly2004-10-212004-12-152005-01-03
2004-09-13$0.0675$0.1350.0%Cashquarterly2004-08-272004-09-152004-10-01
2004-06-14$0.0675$0.135+8.0%Cashquarterly2004-05-052004-06-152004-07-01
2004-03-11$0.0625$0.1250.0%Cashquarterly2004-01-292004-03-152004-04-01
2003-12-11$0.0625$0.1250.0%Cashquarterly2003-10-242003-12-152004-01-02
2003-09-11$0.0625$0.1250.0%Cashquarterly2003-08-222003-09-152003-10-01
2003-06-12$0.0625$0.125–Cashquarterly2003-05-012003-06-162003-07-01

Splits (1)

DateRatioCumulative
2006-06-122:1×2 to today