Dividend Yield (TTM)
2.39%
vs 5Y avg 1.88% · 10Y avg 1.75%
Dividend Yield (Forward)
2.51%
4 payments/yr (spacing)
Dividends / Share (TTM)
$4.85
Forward (annualized): $5.00
Payout Ratio (EPS, TTM)
40.9%
Payout Ratio (FCF, TTM)
38.6%
Dividend CAGR (3Y / 5Y / 10Y)
3Y8.3%5Y15.9%10Y16.5%
Consecutive Growth Years
8
as of 2025
Years Without a Cut
8
as of 2025
Total Shareholder Yield (TTM)
2.85%
Div 2.43% + Net buyback 0.42%
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).
Upcoming dividend
$1.25 per shareTodayOct 19, 2026
Ex-dividendOct 21, 2026in 2 days
PaymentNov 4, 2026in 16 days
Own the stock before Oct 21, 2026 to receive this payment.
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)
2.9%
Dividends 2.4% + Net buybacks 0.4%
Net Buyback (TTM)
€397M
Gross €397M − Issuance €0
SBC (TTM)
€225M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (4.4% latest vs 17.7% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 4.70 | +4.4% | 1 | |
| 2024 | 4.50 | +4.7% | 1 | |
| 2023 | 4.30 | +16.2% | 1 | |
| 2022 | 3.70 | +32.1% | 1 | |
| 2021 | 2.80 | +24.4% | 1 | |
| 2020 | 2.25 | +9.2% | 1 | |
| 2019 | 2.06 | +15.7% | 1 | |
| 2018 | 1.78 | +52.1% | 1 | |
| 2017 | 1.17 | -7.1% | 1 | |
| 2016 | 1.26 | +23.5% | 1 | |
| 2015 | 1.02 | +24.4% | 1 | |
| 2014 | 0.82 | +20.6% | 1 | |
| 2013 | 0.68 | +47.8% | 1 | |
| 2012 | 0.46 | — | 2 | |
| 1996 | 0.05 | — | 0 |
Special dividends are excluded from these figures. Based on 58 regular payments.
Payment history (59 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-10-21 | $1.25 | 0.0% | Cash | quarterly | 2026-08-28 | 2026-10-21 | 2026-11-04 |
| 2026-07-22 | $1.25 | +4.2% | Cash | quarterly | 2026-05-29 | 2026-07-22 | 2026-08-05 |
| 2026-04-22 | $1.2 | 0.0% | Cash | quarterly | 2026-03-19 | 2026-04-22 | 2026-05-06 |
| 2026-01-21 | $1.2 | 0.0% | Cash | quarterly | 2025-11-14 | 2026-01-21 | 2026-02-04 |
| 2025-10-22 | $1.2 | 0.0% | Cash | quarterly | 2025-08-29 | 2025-10-22 | 2025-11-05 |
| 2025-07-23 | $1.2 | +4.3% | Cash | quarterly | 2025-05-30 | 2025-07-23 | 2025-08-06 |
| 2025-04-23 | $1.15 | 0.0% | Cash | quarterly | 2025-03-21 | 2025-04-23 | 2025-05-07 |
| 2025-01-22 | $1.15 | 0.0% | Cash | quarterly | 2024-11-15 | 2025-01-22 | 2025-02-05 |
| 2024-10-23 | $1.15 | 0.0% | Cash | quarterly | 2024-08-30 | 2024-10-23 | 2024-11-06 |
| 2024-07-24 | $1.15 | +4.5% | Cash | quarterly | 2024-05-31 | 2024-07-24 | 2024-08-07 |
| 2024-04-23 | $1.1 | 0.0% | Cash | quarterly | 2024-03-22 | 2024-04-24 | 2024-05-08 |
| 2024-01-23 | $1.1 | 0.0% | Cash | quarterly | 2023-11-10 | 2024-01-24 | 2024-02-07 |
| 2023-10-24 | $1.1 | 0.0% | Cash | quarterly | 2023-08-18 | 2023-10-25 | 2023-11-08 |
| 2023-07-25 | $1.1 | +4.8% | Cash | quarterly | 2023-05-26 | 2023-07-26 | 2023-08-09 |
| 2023-04-25 | $1.05 | 0.0% | Cash | quarterly | 2023-03-27 | 2023-04-26 | 2023-05-10 |
| 2023-01-24 | $1.05 | 0.0% | Cash | quarterly | 2022-11-11 | 2023-01-25 | 2023-02-08 |
| 2022-10-18 | $1.05 | 0.0% | Cash | quarterly | 2022-08-26 | 2022-10-19 | 2022-11-02 |
| 2022-07-19 | $1.05 | +31.3% | Cash | quarterly | 2022-05-27 | 2022-07-20 | 2022-08-03 |
| 2022-04-19 | $0.8 | 0.0% | Cash | quarterly | 2022-03-18 | 2022-04-20 | 2022-05-04 |
| 2022-01-18 | $0.8 | 0.0% | Cash | quarterly | 2021-11-12 | 2022-01-19 | 2022-02-02 |
| 2021-10-19 | $0.8 | 0.0% | Cash | quarterly | 2021-08-27 | 2021-10-20 | 2021-11-03 |
| 2021-07-20 | $0.8 | +33.3% | Cash | quarterly | 2021-05-27 | 2021-07-21 | 2021-08-04 |
| 2021-04-20 | $0.6 | 0.0% | Cash | quarterly | 2021-03-19 | 2021-04-21 | 2021-05-05 |
| 2021-01-19 | $0.6 | 0.0% | Cash | quarterly | 2020-11-13 | 2021-01-20 | 2021-02-03 |
| 2020-10-20 | $0.6 | +9.1% | Cash | quarterly | 2020-08-21 | 2020-10-21 | 2020-11-04 |
| 2020-07-21 | $0.55 | 0.0% | Cash | quarterly | 2020-05-28 | 2020-07-22 | 2020-08-05 |
| 2020-04-21 | $0.55 | 0.0% | Cash | quarterly | 2020-03-20 | 2020-04-22 | 2020-05-06 |
| 2020-01-21 | $0.55 | 0.0% | Cash | quarterly | 2019-11-08 | 2020-01-22 | 2020-02-05 |
| 2019-10-22 | $0.55 | 0.0% | Cash | quarterly | 2019-08-16 | 2019-10-23 | 2019-11-06 |
| 2019-07-23 | $0.55 | +14.6% | Cash | quarterly | 2019-05-31 | 2019-07-24 | 2019-08-07 |
| 2019-04-23 | $0.48 | 0.0% | Cash | quarterly | 2019-03-22 | 2019-04-24 | 2019-05-08 |
| 2019-01-22 | $0.48 | 0.0% | Cash | quarterly | 2018-11-09 | 2019-01-23 | 2019-02-06 |
| 2018-10-23 | $0.48 | 0.0% | Cash | quarterly | 2018-08-17 | 2018-10-24 | 2018-11-07 |
| 2018-07-24 | $0.48 | +17.1% | Cash | quarterly | 2018-06-01 | 2018-07-25 | 2018-08-08 |
| 2018-04-24 | $0.41 | 0.0% | Cash | quarterly | 2018-03-23 | 2018-04-25 | 2018-05-09 |
| 2018-01-23 | $0.41 | 0.0% | Cash | quarterly | 2017-11-10 | 2018-01-24 | 2018-02-07 |
| 2017-10-24 | $0.41 | 0.0% | Cash | quarterly | 2017-08-21 | 2017-10-25 | 2017-11-08 |
| 2017-07-24 | $0.41 | +17.1% | Cash | quarterly | 2017-06-02 | 2017-07-26 | 2017-08-09 |
| 2017-01-23 | $0.35 | 0.0% | Cash | quarterly | 2016-11-01 | 2017-01-25 | 2017-02-08 |
| 2016-10-17 | $0.35 | 0.0% | Cash | quarterly | 2016-08-19 | 2016-10-19 | 2016-11-02 |
| 2016-07-18 | $0.35 | +25.0% | Cash | quarterly | 2016-05-27 | 2016-07-20 | 2016-08-03 |
| 2016-04-18 | $0.28 | 0.0% | Cash | quarterly | 2016-03-18 | 2016-04-20 | 2016-05-04 |
| 2016-01-15 | $0.28 | 0.0% | Cash | quarterly | 2015-11-13 | 2016-01-20 | 2016-02-03 |
| 2015-10-19 | $0.28 | 0.0% | Cash | quarterly | 2015-08-21 | 2015-10-21 | 2015-11-04 |
| 2015-07-20 | $0.28 | +21.7% | Cash | quarterly | 2015-05-29 | 2015-07-22 | 2015-08-05 |
| 2015-04-20 | $0.23 | 0.0% | Cash | quarterly | 2015-03-20 | 2015-04-22 | 2015-05-06 |
| 2015-01-16 | $0.23 | 0.0% | Cash | quarterly | 2015-01-01 | 2015-01-21 | 2015-02-04 |
| 2014-10-20 | $0.23 | 0.0% | Cash | quarterly | 2014-08-22 | 2014-10-22 | 2014-11-05 |
| 2014-07-21 | $0.23 | +27.8% | Cash | quarterly | 2014-05-30 | 2014-07-23 | 2014-08-06 |
| 2014-04-22 | $0.18 | 0.0% | Cash | quarterly | 2014-03-21 | 2014-04-23 | 2014-05-07 |
| 2014-01-17 | $0.18 | 0.0% | Cash | quarterly | 2013-11-15 | 2014-01-22 | 2014-02-05 |
| 2013-10-21 | $0.18 | 0.0% | Cash | quarterly | 2013-08-23 | 2013-10-23 | 2013-11-06 |
| 2013-07-22 | $0.18 | +12.5% | Cash | quarterly | 2013-05-31 | 2013-07-24 | 2013-08-07 |
| 2013-04-22 | $0.16 | 0.0% | Cash | quarterly | 2013-03-22 | 2013-04-24 | 2013-05-08 |
| 2013-01-18 | $0.16 | 0.0% | Cash | quarterly | 2012-11-16 | 2013-01-23 | 2013-02-06 |
| 2012-10-22 | $0.16 | 0.0% | Cash | quarterly | 2012-08-25 | 2012-10-24 | 2012-11-07 |
| 2012-07-23 | $0.16 | +14.3% | Cash | quarterly | 2012-06-02 | 2012-07-25 | 2012-08-08 |
| 2012-04-23 | $0.14 | +180.0% | Cash | quarterly | 2012-03-24 | 2012-04-25 | 2012-05-09 |
| 1996-01-12 | $0.05 | – | Cash | quarterly | 1995-12-28 | 1996-01-17 | 1996-01-31 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.