Dividend Yield (TTM)
0.62%
vs 5Y avg 0.94% · 10Y avg 0.97%
Dividend Yield (Forward)
1.23%
4 payments/yr (spacing)
Dividends / Share (TTM)
$0.90
Forward (annualized): $1.80
Payout Ratio (EPS, TTM)
15.0%
Payout Ratio (FCF, TTM)
14.5%
Dividend CAGR (3Y / 5Y / 10Y)
3Y21.3%5Y17.9%10Y20.0%
Consecutive Growth Years
9
as of 2025
Years Without a Cut
9
as of 2025
Total Shareholder Yield (TTM)
10.48%
Div 1.17% + Net buyback 9.32%
Growth, streak and CAGR figures exclude special dividends.
Dividend history spans multiple declared currencies (EUR, USD); growth, streak and CAGR figures use the latest constant-currency period (since 2011).
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)
10.5%
Dividends 1.2% + Net buybacks 9.3%
Net Buyback (TTM)
€3.48B
Gross €3.48B − Issuance €0
SBC (TTM)
€113M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (26.9% latest vs 16.5% 3-yr avg).
| Year | DPS (regular sum) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.65 | +26.9% | 1 | |
| 2024 | 1.30 | +23.8% | 1 | |
| 2023 | 1.05 | +13.5% | 1 | |
| 2022 | 0.925 | +12.1% | 1 | |
| 2021 | 0.825 | +13.8% | 1 | |
| 2020 | 0.725 | +16.0% | 1 | |
| 2019 | 0.625 | +19.0% | 1 | |
| 2018 | 0.525 | +61.5% | 1 | |
| 2017 | 0.325 | +80.6% | 1 | |
| 2016 | 0.18 | -32.7% | 1 | |
| 2015 | 0.2675 | +33.7% | 1 | |
| 2014 | 0.20 | +433.3% | 1 | |
| 2013 | 0.0375 | -75.0% | 0 | |
| 2012 | 0.15 | 0.0% | 0 | |
| 2011 | 0.15 | 0.0% | 0 |
Special dividends are excluded from these figures. Based on 59 regular payments.
Payment history (60 payments · 1 special)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-05 | $0.45 | 0.0% | Cash | quarterly | - | 2026-02-05 | 2026-02-12 |
| 2025-11-13 | $0.45 | +12.5% | Cash | quarterly | - | 2025-11-13 | 2025-11-20 |
| 2025-08-07 | $0.4 | 0.0% | Cash | quarterly | - | 2025-08-07 | 2025-08-14 |
| 2025-05-02 | $0.4 | 0.0% | Cash | quarterly | - | 2025-05-02 | 2025-05-09 |
| 2025-02-07 | $0.4 | 0.0% | Cash | quarterly | - | 2025-02-07 | 2025-02-14 |
| 2024-11-12 | $0.4 | +33.3% | Cash | quarterly | - | 2024-11-12 | 2024-11-19 |
| 2024-08-01 | $0.3 | 0.0% | Cash | quarterly | - | 2024-08-01 | 2024-08-08 |
| 2024-05-02 | $0.3 | 0.0% | Cash | quarterly | - | 2024-05-02 | 2024-05-09 |
| 2024-02-05 | $0.3 | 0.0% | Cash | quarterly | - | 2024-02-06 | 2024-02-13 |
| 2023-11-20 | $0.3 | +20.0% | Cash | quarterly | - | 2023-11-21 | 2023-11-28 |
| 2023-08-04 | $0.25 | 0.0% | Cash | quarterly | - | 2023-08-07 | 2023-08-14 |
| 2023-05-02 | $0.25 | 0.0% | Cash | quarterly | - | 2023-05-03 | 2023-05-10 |
| 2023-02-06 | $0.25 | 0.0% | Cash | quarterly | - | 2023-02-07 | 2023-02-14 |
| 2022-12-01 | $0.25 | +11.1% | Cash | quarterly | - | 2022-12-02 | 2022-12-12 |
| 2022-08-03 | $0.225 | 0.0% | Cash | quarterly | - | 2022-08-04 | 2022-08-11 |
| 2022-05-06 | $0.225 | 0.0% | Cash | quarterly | - | 2022-05-09 | 2022-05-18 |
| 2022-02-16 | $0.225 | 0.0% | Cash | quarterly | - | 2022-02-17 | 2022-02-25 |
| 2021-12-03 | $0.225 | +12.5% | Cash | quarterly | - | 2021-12-06 | 2021-12-15 |
| 2021-08-09 | $0.2 | 0.0% | Cash | quarterly | - | 2021-08-10 | 2021-08-17 |
| 2021-05-07 | $0.2 | 0.0% | Cash | quarterly | - | 2021-05-10 | 2021-05-20 |
| 2021-02-16 | $0.2 | 0.0% | Cash | quarterly | - | 2021-02-17 | 2021-02-25 |
| 2020-12-03 | $0.2 | +14.3% | Cash | quarterly | - | 2020-12-04 | 2020-12-14 |
| 2020-08-11 | $0.175 | 0.0% | Cash | quarterly | - | 2020-08-12 | 2020-08-24 |
| 2020-05-08 | $0.175 | 0.0% | Cash | quarterly | - | 2020-05-11 | 2020-05-21 |
| 2020-02-07 | $0.175 | 0.0% | Cash | quarterly | - | 2020-02-10 | 2020-02-24 |
| 2019-11-26 | $0.175 | +16.7% | Cash | quarterly | - | 2019-11-27 | 2019-12-11 |
| 2019-08-09 | $0.15 | 0.0% | Cash | quarterly | - | 2019-08-12 | 2019-08-26 |
| 2019-05-10 | $0.15 | 0.0% | Cash | quarterly | - | 2019-05-13 | 2019-05-28 |
| 2019-02-08 | $0.15 | 0.0% | Cash | quarterly | - | 2019-02-11 | 2019-02-25 |
| 2018-11-23 | $0.15 | +20.0% | Cash | quarterly | - | 2018-11-26 | 2018-12-10 |
| 2018-08-07 | $0.125 | 0.0% | Cash | quarterly | - | 2018-08-08 | 2018-08-22 |
| 2018-05-10 | $0.125 | 0.0% | Cash | quarterly | - | 2018-05-11 | 2018-05-25 |
| 2018-02-22 | $0.125 | 0.0% | Cash | quarterly | - | 2018-02-23 | 2018-03-09 |
| 2017-11-30 | $0.125 | +25.0% | Cash | quarterly | - | 2017-12-01 | 2017-12-15 |
| 2017-08-07 | $0.1 | 0.0% | Cash | quarterly | - | 2017-08-09 | 2017-08-23 |
| 2017-05-03 | $0.1 | 0.0% | Cash | quarterly | - | 2017-05-05 | 2017-05-19 |
| 2016-11-23 | $0.1 | +25.0% | Cash | quarterly | - | 2016-11-28 | 2016-12-12 |
| 2016-02-03 | $0.08 | 0.0% | Cash | quarterly | - | 2016-02-05 | 2016-02-17 |
| 2015-11-25 | $0.08 | +28.0% | Cash | quarterly | - | 2015-11-30 | 2015-12-14 |
| 2015-08-05 | $0.0625 | 0.0% | Cash | quarterly | - | 2015-08-07 | 2015-08-18 |
| 2015-05-13 | $0.0625 | 0.0% | Cash | quarterly | - | 2015-05-15 | 2015-05-27 |
| 2015-02-04 | $0.0625 | 0.0% | Cash | quarterly | - | 2015-02-06 | 2015-02-17 |
| 2014-11-26 | $0.0625 | 0.0% | Cash | quarterly | - | 2014-12-01 | 2014-12-15 |
| 2014-08-06 | $0.0625 | +66.7% | Cash | quarterly | - | 2014-08-08 | 2014-08-18 |
| 2014-05-13 | $0.0375 | 0.0% | Cash | quarterly | - | 2014-05-15 | 2014-05-27 |
| 2014-02-05 | $0.0375 | 0.0% | Cash | quarterly | - | 2014-02-07 | 2014-02-18 |
| 2013-02-05 | $0.0375 | 0.0% | Cash | quarterly | - | 2013-02-07 | 2013-02-18 |
| 2012-12-13 | $0.15 | – | Special | — | - | 2012-12-17 | 2012-12-21 |
| 2012-11-29 | $0.0375 | 0.0% | Cash | quarterly | - | 2012-12-03 | 2012-12-17 |
| 2012-08-09 | $0.0375 | 0.0% | Cash | quarterly | - | 2012-08-13 | 2012-08-24 |
| 2012-05-04 | $0.0375 | 0.0% | Cash | quarterly | - | 2012-05-08 | 2012-05-22 |
| 2012-02-08 | $0.0375 | 0.0% | Cash | quarterly | - | 2012-02-10 | 2012-02-21 |
| 2011-11-30 | $0.0375 | 0.0% | Cash | quarterly | - | 2011-12-02 | 2011-12-13 |
| 2011-08-10 | $0.0375 | 0.0% | Cash | quarterly | - | 2011-08-12 | 2011-08-24 |
| 2011-05-10 | $0.0375 | 0.0% | Cash | quarterly | - | 2011-05-12 | 2011-05-24 |
| 2011-02-08 | $0.0375 | 0.0% | Cash | quarterly | - | 2011-02-10 | 2011-02-18 |
| 2010-11-22 | $0.0375 | – | Cash | quarterly | - | 2010-11-24 | 2010-12-08 |
| 2010-08-12 | EUR 0.0375 | – | Cash | quarterly | - | 2010-08-10 | - |
| 2010-05-12 | $0.0375 | – | Cash | quarterly | - | 2010-05-10 | - |
| 2010-02-11 | EUR 0.0375 | – | Cash | quarterly | - | 2010-02-09 | - |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.