Dividend Yield (TTM)
3.37%
price: vendor quote
Dividend Yield (Forward)
1.22%
4 payments/yr (spacing)
Dividends / Share (TTM)
$7.84
Forward (annualized): $2.80
Payout Ratio (EPS, TTM)
34.6%
Payout Ratio (FCF, TTM)
75.4%
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.9%5Y4.8%10Y7.9%
Consecutive Growth Years
9
as of 2025
Years Without a Cut
9
as of 2025
Total Shareholder Yield (TTM)
5.24%
Div 4.09% + Net buyback 1.15%
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.
No yield history available.
Capital returns
Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.
Total Shareholder Yield (TTM)
5.2%
Dividends 4.1% + Net buybacks 1.2%
Net Buyback (TTM)
€745M
Gross €1.04B − Issuance €291M
SBC (TTM)
€164M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is steady (4.8% latest vs 5.0% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 9.16 | +4.8% | 1 | |
| 2024 | 8.74 | +4.8% | 1 | |
| 2023 | 8.34 | +5.0% | 1 | |
| 2022 | 7.94 | +5.3% | 1 | |
| 2021 | 7.54 | +3.9% | 1 | |
| 2020 | 7.26 | +8.0% | 1 | |
| 2019 | 6.72 | +10.0% | 1 | |
| 2018 | 6.11 | +11.5% | 1 | |
| 2017 | 5.48 | +47.7% | 1 | |
| 2016 | 3.71 | -13.6% | 1 | |
| 2015 | 4.30 | +15.0% | 1 | |
| 2014 | 3.74 | +11.2% | 1 | |
| 2013 | 3.36 | -11.6% | 1 | |
| 2012 | 3.80 | +38.7% | 1 | |
| 2011 | 2.74 | +51.0% | 2 |
Special dividends are excluded from these figures. Based on 66 regular payments.
Payment history (66 payments)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-08-14 | $0.7 | – | -70.6% | Cash | quarterly | 2026-07-24 | 2026-08-14 | 2026-09-04 |
| 2026-05-15 | $2.38 | $1.19 | 0.0% | Cash | quarterly | 2026-04-27 | 2026-05-15 | 2026-06-05 |
| 2026-02-27 | $2.38 | $1.19 | 0.0% | Cash | quarterly | 2026-02-13 | 2026-02-27 | 2026-03-13 |
| 2025-11-14 | $2.38 | $1.19 | +5.3% | Cash | quarterly | 2025-09-26 | 2025-11-14 | 2025-12-05 |
| 2025-08-15 | $2.26 | $1.13 | 0.0% | Cash | quarterly | 2025-07-25 | 2025-08-15 | 2025-09-05 |
| 2025-05-16 | $2.26 | $1.13 | 0.0% | Cash | quarterly | 2025-04-28 | 2025-05-16 | 2025-06-06 |
| 2025-02-28 | $2.26 | $1.13 | 0.0% | Cash | quarterly | 2025-02-14 | 2025-02-28 | 2025-03-14 |
| 2024-11-15 | $2.26 | $1.13 | +4.6% | Cash | quarterly | 2024-09-27 | 2024-11-15 | 2024-12-06 |
| 2024-08-16 | $2.16 | $1.08 | 0.0% | Cash | quarterly | 2024-07-26 | 2024-08-16 | 2024-09-06 |
| 2024-05-16 | $2.16 | $1.08 | 0.0% | Cash | quarterly | 2024-04-29 | 2024-05-17 | 2024-06-07 |
| 2024-02-29 | $2.16 | $1.08 | 0.0% | Cash | quarterly | 2024-02-16 | 2024-03-01 | 2024-03-15 |
| 2023-11-09 | $2.16 | $1.08 | +4.9% | Cash | quarterly | 2023-09-29 | 2023-11-10 | 2023-12-01 |
| 2023-08-10 | $2.06 | $1.03 | 0.0% | Cash | quarterly | 2023-07-28 | 2023-08-11 | 2023-09-01 |
| 2023-05-11 | $2.06 | $1.03 | 0.0% | Cash | quarterly | 2023-04-24 | 2023-05-12 | 2023-06-02 |
| 2023-02-23 | $2.06 | $1.03 | 0.0% | Cash | quarterly | 2023-02-10 | 2023-02-24 | 2023-03-10 |
| 2022-11-09 | $2.06 | $1.03 | +5.1% | Cash | quarterly | 2022-09-29 | 2022-11-11 | 2022-12-02 |
| 2022-08-11 | $1.96 | $0.98 | 0.0% | Cash | quarterly | 2022-07-29 | 2022-08-12 | 2022-09-02 |
| 2022-05-12 | $1.96 | $0.98 | 0.0% | Cash | quarterly | 2022-04-25 | 2022-05-13 | 2022-06-03 |
| 2022-02-24 | $1.96 | $0.98 | 0.0% | Cash | quarterly | 2022-02-11 | 2022-02-25 | 2022-03-11 |
| 2021-11-10 | $1.96 | $0.98 | +5.4% | Cash | quarterly | 2021-10-01 | 2021-11-12 | 2021-12-03 |
| 2021-08-12 | $1.86 | $0.93 | 0.0% | Cash | quarterly | 2021-07-30 | 2021-08-13 | 2021-09-03 |
| 2021-05-13 | $1.86 | $0.93 | 0.0% | Cash | quarterly | 2021-04-26 | 2021-05-14 | 2021-06-04 |
| 2021-02-25 | $1.86 | $0.93 | 0.0% | Cash | quarterly | 2021-02-12 | 2021-02-26 | 2021-03-12 |
| 2020-11-12 | $1.86 | $0.93 | +3.3% | Cash | quarterly | 2020-09-25 | 2020-11-13 | 2020-12-04 |
| 2020-08-13 | $1.8 | $0.9 | 0.0% | Cash | quarterly | 2020-07-31 | 2020-08-14 | 2020-09-04 |
| 2020-05-14 | $1.8 | $0.9 | 0.0% | Cash | quarterly | 2020-04-27 | 2020-05-15 | 2020-06-05 |
| 2020-02-27 | $1.8 | $0.9 | 0.0% | Cash | quarterly | 2020-02-13 | 2020-02-28 | 2020-03-06 |
| 2019-11-14 | $1.8 | $0.9 | +9.8% | Cash | quarterly | 2019-09-27 | 2019-11-15 | 2019-12-06 |
| 2019-08-15 | $1.64 | $0.82 | 0.0% | Cash | quarterly | 2019-07-26 | 2019-08-16 | 2019-09-06 |
| 2019-05-23 | $1.64 | $0.82 | 0.0% | Cash | quarterly | 2019-04-29 | 2019-05-24 | 2019-06-14 |
| 2019-02-21 | $1.64 | $0.82 | 0.0% | Cash | quarterly | 2019-02-08 | 2019-02-22 | 2019-03-08 |
| 2018-11-15 | $1.64 | $0.82 | +10.1% | Cash | quarterly | 2018-09-29 | 2018-11-16 | 2018-12-07 |
| 2018-08-16 | $1.49 | $0.745 | 0.0% | Cash | quarterly | 2018-07-27 | 2018-08-17 | 2018-09-07 |
| 2018-05-17 | $1.49 | $0.745 | 0.0% | Cash | quarterly | 2018-04-23 | 2018-05-18 | 2018-06-08 |
| 2018-02-22 | $1.49 | $0.745 | 0.0% | Cash | quarterly | 2018-02-09 | 2018-02-23 | 2018-03-09 |
| 2017-11-16 | $1.49 | $0.745 | +12.0% | Cash | quarterly | 2017-09-29 | 2017-11-17 | 2017-12-08 |
| 2017-08-16 | $1.33 | $0.665 | 0.0% | Cash | quarterly | 2017-08-01 | 2017-08-18 | 2017-09-08 |
| 2017-05-17 | $1.33 | $0.665 | 0.0% | Cash | quarterly | 2017-05-17 | 2017-05-19 | 2017-06-09 |
| 2017-02-22 | $1.33 | $0.665 | 0.0% | Cash | quarterly | 2017-02-02 | 2017-02-24 | 2017-03-10 |
| 2016-11-16 | $1.33 | $0.665 | +11.8% | Cash | quarterly | 2016-10-28 | 2016-11-18 | 2016-12-09 |
| 2016-05-17 | $1.19 | $0.595 | 0.0% | Cash | quarterly | 2016-04-25 | 2016-05-19 | 2016-06-10 |
| 2016-02-23 | $1.19 | $0.595 | 0.0% | Cash | quarterly | 2016-02-12 | 2016-02-25 | 2016-03-10 |
| 2015-11-17 | $1.19 | $0.595 | +15.0% | Cash | quarterly | 2015-10-30 | 2015-11-19 | 2015-12-10 |
| 2015-08-18 | $1.04 | $0.5175 | 0.0% | Cash | quarterly | 2015-07-31 | 2015-08-20 | 2015-09-10 |
| 2015-05-19 | $1.04 | $0.5175 | 0.0% | Cash | quarterly | 2015-04-27 | 2015-05-21 | 2015-06-10 |
| 2015-02-24 | $1.04 | $0.5175 | 0.0% | Cash | quarterly | 2015-02-12 | 2015-02-26 | 2015-03-10 |
| 2014-11-18 | $1.04 | $0.5175 | +15.0% | Cash | quarterly | 2014-10-31 | 2014-11-20 | 2014-12-10 |
| 2014-08-19 | $0.9 | $0.45 | 0.0% | Cash | quarterly | 2014-07-25 | 2014-08-21 | 2014-09-10 |
| 2014-05-20 | $0.9 | $0.45 | 0.0% | Cash | quarterly | 2014-04-28 | 2014-05-22 | 2014-06-10 |
| 2014-02-25 | $0.9 | $0.45 | 0.0% | Cash | quarterly | 2014-02-13 | 2014-02-27 | 2014-03-10 |
| 2013-11-19 | $0.9 | $0.45 | +9.8% | Cash | quarterly | 2013-10-22 | 2013-11-21 | 2013-12-10 |
| 2013-08-16 | $0.82 | $0.41 | 0.0% | Cash | quarterly | 2013-07-26 | 2013-08-20 | 2013-09-10 |
| 2013-05-16 | $0.82 | $0.41 | 0.0% | Cash | quarterly | 2013-04-22 | 2013-05-20 | 2013-06-10 |
| 2013-02-21 | $0.82 | $0.41 | 0.0% | Cash | quarterly | 2013-02-14 | 2013-02-25 | 2013-03-11 |
| 2012-11-16 | $0.82 | $0.41 | +10.1% | Cash | quarterly | 2012-10-26 | 2012-11-20 | 2012-12-10 |
| 2012-08-16 | $0.745 | $0.3725 | 0.0% | Cash | quarterly | 2012-07-26 | 2012-08-20 | 2012-09-10 |
| 2012-05-16 | $0.745 | $0.3725 | 0.0% | Cash | quarterly | 2012-04-24 | 2012-05-18 | 2012-06-08 |
| 2012-02-23 | $0.745 | $0.3725 | 0.0% | Cash | quarterly | 2012-02-17 | 2012-02-27 | 2012-03-09 |
| 2012-02-22 | $0.745 | $0.3725 | 0.0% | Cash | quarterly | 2012-02-17 | 2012-02-24 | 2012-03-09 |
| 2011-11-16 | $0.745 | $0.3725 | +12.0% | Cash | quarterly | 2011-10-29 | 2011-11-18 | 2011-12-09 |
| 2011-08-17 | $0.665 | $0.3325 | 0.0% | Cash | quarterly | 2011-07-30 | 2011-08-19 | 2011-09-09 |
| 2011-05-18 | $0.665 | $0.3325 | 0.0% | Cash | quarterly | 2011-04-26 | 2011-05-20 | 2011-06-10 |
| 2011-02-16 | $0.665 | $0.3325 | +9.9% | Cash | quarterly | 2011-02-11 | 2011-02-18 | 2011-03-10 |
| 2010-11-17 | $0.605 | $0.3025 | 0.0% | Cash | quarterly | 2010-10-30 | 2010-11-19 | 2010-12-10 |
| 2010-08-18 | $0.605 | $0.3025 | 0.0% | Cash | quarterly | 2010-07-29 | 2010-08-20 | 2010-09-10 |
| 2010-05-18 | $0.605 | $0.3025 | – | Cash | quarterly | 2010-04-28 | 2010-05-20 | 2010-06-10 |
Amounts are in the declared currency; the listing currency is EUR.
Splits (2)
| Date | Ratio | Cumulative |
|---|---|---|
| 1984-05-30 | 3:2 | ×0.75 to today |
| 2026-06-29 | 1:2 (reverse) | ×0.5 to today |