Dividend Yield (TTM)
2.29%
vs 5Y avg 2.10% · 10Y avg 2.00%
Dividend Yield (Forward)
2.32%
4 payments/yr (spacing)
Dividends / Share (TTM)
$6.80
Forward (annualized): $6.80
Payout Ratio (EPS, TTM)
60.7%
Payout Ratio (FCF, TTM)
55.8%
Dividend CAGR (3Y / 5Y / 10Y)
3Y13.1%5Y11.5%10Y15.4%
Consecutive Growth Years
10
as of 2025
Years Without a Cut
10
as of 2025
Total Shareholder Yield (TTM)
4.37%
Div 2.44% + Net buyback 1.93%
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 2.4% + Net buybacks 1.9%
Net Buyback (TTM)
€1.79B
Gross €1.79B − Issuance €0
SBC (TTM)
€208M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (10.1% latest vs 14.5% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 6.32 | +10.1% | 1 | |
| 2024 | 5.74 | +11.5% | 1 | |
| 2023 | 5.15 | +17.8% | 1 | |
| 2022 | 4.37 | +14.1% | 1 | |
| 2021 | 3.83 | +4.6% | 1 | |
| 2020 | 3.66 | +11.6% | 1 | |
| 2019 | 3.28 | +17.1% | 1 | |
| 2018 | 2.80 | +58.2% | 2 | |
| 2017 | 1.77 | +8.6% | 1 | |
| 2016 | 1.63 | +7.9% | 1 | |
| 2015 | 1.51 | -21.8% | 1 | |
| 2014 | 1.93 | +8.1% | 1 | |
| 2013 | 1.79 | +10.2% | 1 | |
| 2012 | 1.62 | +9.8% | 1 | |
| 2011 | 1.48 | +41.8% | 1 |
Special dividends are excluded from these figures. Based on 64 regular payments.
Payment history (64 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-09-11 | $1.7 | 0.0% | Cash | quarterly | 2026-08-05 | 2026-09-11 | 2026-10-01 |
| 2026-06-12 | $1.7 | 0.0% | Cash | quarterly | 2026-04-09 | 2026-06-12 | 2026-07-01 |
| 2026-03-13 | $1.7 | 0.0% | Cash | quarterly | 2026-01-14 | 2026-03-13 | 2026-04-01 |
| 2025-12-12 | $1.7 | +10.4% | Cash | quarterly | 2025-11-12 | 2025-12-12 | 2026-01-01 |
| 2025-09-12 | $1.54 | 0.0% | Cash | quarterly | 2025-08-06 | 2025-09-12 | 2025-10-01 |
| 2025-06-13 | $1.54 | 0.0% | Cash | quarterly | 2025-04-08 | 2025-06-13 | 2025-07-01 |
| 2025-03-14 | $1.54 | 0.0% | Cash | quarterly | 2025-01-15 | 2025-03-14 | 2025-04-01 |
| 2024-12-13 | $1.54 | +10.0% | Cash | quarterly | 2024-11-06 | 2024-12-13 | 2025-01-01 |
| 2024-09-13 | $1.4 | 0.0% | Cash | quarterly | 2024-08-07 | 2024-09-13 | 2024-10-01 |
| 2024-06-14 | $1.4 | 0.0% | Cash | quarterly | 2024-04-03 | 2024-06-14 | 2024-07-01 |
| 2024-03-07 | $1.4 | 0.0% | Cash | quarterly | 2024-01-10 | 2024-03-08 | 2024-04-01 |
| 2023-12-07 | $1.4 | +12.0% | Cash | quarterly | 2023-11-08 | 2023-12-08 | 2024-01-01 |
| 2023-09-07 | $1.25 | 0.0% | Cash | quarterly | 2023-08-03 | 2023-09-08 | 2023-10-01 |
| 2023-06-08 | $1.25 | 0.0% | Cash | quarterly | 2023-04-12 | 2023-06-09 | 2023-07-01 |
| 2023-03-09 | $1.25 | 0.0% | Cash | quarterly | 2023-01-11 | 2023-03-10 | 2023-04-01 |
| 2022-12-08 | $1.25 | +20.2% | Cash | quarterly | 2022-11-09 | 2022-12-09 | 2023-01-01 |
| 2022-09-08 | $1.04 | 0.0% | Cash | quarterly | 2022-08-03 | 2022-09-09 | 2022-10-01 |
| 2022-06-09 | $1.04 | 0.0% | Cash | quarterly | 2022-04-06 | 2022-06-10 | 2022-07-01 |
| 2022-03-10 | $1.04 | 0.0% | Cash | quarterly | 2022-01-12 | 2022-03-11 | 2022-04-01 |
| 2021-12-09 | $1.04 | +11.8% | Cash | quarterly | 2021-11-10 | 2021-12-10 | 2022-01-01 |
| 2021-09-09 | $0.93 | 0.0% | Cash | quarterly | 2021-08-04 | 2021-09-10 | 2021-10-01 |
| 2021-06-10 | $0.93 | 0.0% | Cash | quarterly | 2021-04-07 | 2021-06-11 | 2021-07-01 |
| 2021-03-11 | $0.93 | 0.0% | Cash | quarterly | 2021-01-13 | 2021-03-12 | 2021-04-01 |
| 2020-12-10 | $0.93 | +2.2% | Cash | quarterly | 2020-11-11 | 2020-12-11 | 2021-01-01 |
| 2020-09-10 | $0.91 | 0.0% | Cash | quarterly | 2020-08-05 | 2020-09-11 | 2020-10-01 |
| 2020-06-11 | $0.91 | 0.0% | Cash | quarterly | 2020-04-08 | 2020-06-12 | 2020-07-01 |
| 2020-03-12 | $0.91 | 0.0% | Cash | quarterly | 2020-01-15 | 2020-03-13 | 2020-04-01 |
| 2019-12-12 | $0.91 | +15.2% | Cash | quarterly | 2019-11-12 | 2019-12-13 | 2020-01-01 |
| 2019-09-12 | $0.79 | 0.0% | Cash | quarterly | 2019-08-07 | 2019-09-13 | 2019-10-01 |
| 2019-06-13 | $0.79 | 0.0% | Cash | quarterly | 2019-04-03 | 2019-06-14 | 2019-07-01 |
| 2019-03-07 | $0.79 | 0.0% | Cash | quarterly | 2019-01-15 | 2019-03-08 | 2019-04-01 |
| 2018-12-13 | $0.79 | +14.5% | Cash | quarterly | 2018-11-06 | 2018-12-14 | 2019-01-01 |
| 2018-09-13 | $0.69 | 0.0% | Cash | quarterly | 2018-08-03 | 2018-09-14 | 2018-10-01 |
| 2018-06-07 | $0.69 | +9.5% | Cash | quarterly | 2018-04-11 | 2018-06-08 | 2018-07-01 |
| 2018-03-08 | $0.63 | 0.0% | Cash | quarterly | 2018-01-16 | 2018-03-09 | 2018-04-01 |
| 2017-12-07 | $0.63 | +10.5% | Cash | quarterly | 2017-11-07 | 2017-12-08 | 2018-01-01 |
| 2017-09-07 | $0.57 | 0.0% | Cash | quarterly | 2017-08-01 | 2017-09-08 | 2017-10-01 |
| 2017-03-08 | $0.57 | 0.0% | Cash | quarterly | 2017-01-17 | 2017-03-10 | 2017-04-01 |
| 2016-12-07 | $0.57 | +7.5% | Cash | quarterly | 2016-11-08 | 2016-12-09 | 2017-01-01 |
| 2016-09-07 | $0.53 | 0.0% | Cash | quarterly | 2016-08-02 | 2016-09-09 | 2016-10-01 |
| 2016-06-08 | $0.53 | 0.0% | Cash | quarterly | 2016-04-06 | 2016-06-10 | 2016-07-01 |
| 2015-12-09 | $0.53 | +8.2% | Cash | quarterly | 2015-11-10 | 2015-12-11 | 2016-01-01 |
| 2015-09-09 | $0.49 | 0.0% | Cash | quarterly | 2015-08-04 | 2015-09-11 | 2015-10-01 |
| 2015-06-10 | $0.49 | 0.0% | Cash | quarterly | 2015-04-08 | 2015-06-12 | 2015-06-01 |
| 2014-12-10 | $0.49 | +2.1% | Cash | quarterly | 2014-11-11 | 2014-12-12 | 2015-01-01 |
| 2014-09-10 | $0.48 | 0.0% | Cash | quarterly | 2014-08-05 | 2014-09-12 | 2014-10-01 |
| 2014-06-11 | $0.48 | 0.0% | Cash | quarterly | 2014-04-09 | 2014-06-13 | 2014-07-01 |
| 2014-03-12 | $0.48 | 0.0% | Cash | quarterly | 2014-01-23 | 2014-03-14 | 2014-04-01 |
| 2013-12-11 | $0.48 | +10.3% | Cash | quarterly | 2013-11-12 | 2013-12-13 | 2014-01-01 |
| 2013-09-11 | $0.435 | 0.0% | Cash | quarterly | 2013-08-07 | 2013-09-13 | 2013-10-01 |
| 2013-06-12 | $0.435 | 0.0% | Cash | quarterly | 2013-04-10 | 2013-06-14 | 2013-07-01 |
| 2013-03-06 | $0.435 | 0.0% | Cash | quarterly | 2013-01-25 | 2013-03-08 | 2013-04-01 |
| 2012-12-12 | $0.435 | +10.1% | Cash | quarterly | 2012-11-13 | 2012-12-14 | 2013-01-01 |
| 2012-09-12 | $0.395 | 0.0% | Cash | quarterly | 2012-08-08 | 2012-09-14 | 2012-10-01 |
| 2012-06-06 | $0.395 | 0.0% | Cash | quarterly | 2012-04-26 | 2012-06-08 | 2012-07-01 |
| 2012-03-07 | $0.395 | 0.0% | Cash | quarterly | 2012-01-27 | 2012-03-09 | 2012-04-01 |
| 2011-12-07 | $0.395 | +9.7% | Cash | quarterly | 2011-11-09 | 2011-12-09 | 2012-01-01 |
| 2011-09-07 | $0.36 | 0.0% | Cash | quarterly | 2011-08-10 | 2011-09-09 | 2011-10-01 |
| 2011-06-08 | $0.36 | 0.0% | Cash | quarterly | 2011-04-29 | 2011-06-10 | 2011-07-01 |
| 2011-03-09 | $0.36 | 0.0% | Cash | quarterly | 2011-02-09 | 2011-03-11 | 2011-04-01 |
| 2010-12-08 | $0.36 | +5.9% | Cash | quarterly | 2010-11-10 | 2010-12-10 | 2011-01-01 |
| 2010-09-08 | $0.34 | 0.0% | Cash | quarterly | 2010-08-10 | 2010-09-10 | 2010-10-01 |
| 2010-06-09 | $0.34 | +94.1% | Cash | quarterly | 2010-05-20 | 2010-06-11 | 2010-07-01 |
| 1995-06-14 | $0.1752 | – | Cash | quarterly | 1995-05-19 | 1995-06-16 | 1995-07-01 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.