Dividend Yield (TTM)
0.76%
vs 5Y avg 3.41% · 10Y avg 3.07%
Dividend Yield (Forward)
3.05%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.70
Forward (annualized): $6.80
Payout Ratio (EPS, TTM)
39.9%
Payout Ratio (FCF, TTM)
61.3%
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.7%5Y7.5%10Y—
Consecutive Growth Years
8
as of 2025
Years Without a Cut
8
as of 2025
Total Shareholder Yield (TTM)
5.13%
Div 3.59% + Net buyback 1.54%
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)
5.1%
Dividends 3.6% + Net buybacks 1.5%
Net Buyback (TTM)
€1.10B
Gross €1.17B − Issuance €62M
SBC (TTM)
€0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (4.8% latest vs 9.7% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 6.60 | +4.8% | 1 | |
| 2024 | 6.30 | +3.3% | 1 | |
| 2023 | 6.10 | +6.1% | 1 | |
| 2022 | 5.75 | +19.8% | 1 | |
| 2021 | 4.80 | +4.3% | 1 | |
| 2020 | 4.60 | +9.5% | 0 | |
| 2019 | 4.20 | +23.5% | 1 | |
| 2018 | 3.40 | +353.3% | 1 | |
| 2017 | 0.75 | — | 0 |
Special dividends are excluded from these figures. Based on 34 regular payments.
Payment history (34 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-01-20 | $1.7 | 0.0% | Cash | quarterly | - | 2026-01-20 | 2026-02-05 |
| 2025-10-14 | $1.7 | 0.0% | Cash | quarterly | - | 2025-10-14 | 2025-11-05 |
| 2025-07-15 | $1.7 | +6.3% | Cash | quarterly | - | 2025-07-15 | 2025-08-05 |
| 2025-04-16 | $1.6 | 0.0% | Cash | quarterly | - | 2025-04-16 | 2025-05-05 |
| 2025-01-15 | $1.6 | 0.0% | Cash | quarterly | - | 2025-01-15 | 2025-02-05 |
| 2024-10-16 | $1.6 | 0.0% | Cash | quarterly | - | 2024-10-16 | 2024-11-05 |
| 2024-07-15 | $1.6 | +3.2% | Cash | quarterly | - | 2024-07-15 | 2024-08-05 |
| 2024-04-12 | $1.55 | 0.0% | Cash | quarterly | - | 2024-04-15 | 2024-06-10 |
| 2024-01-12 | $1.55 | 0.0% | Cash | quarterly | - | 2024-01-16 | 2024-02-05 |
| 2023-10-16 | $1.55 | 0.0% | Cash | quarterly | - | 2023-10-17 | 2023-11-06 |
| 2023-07-14 | $1.55 | +3.3% | Cash | quarterly | - | 2023-07-17 | 2023-08-05 |
| 2023-04-17 | $1.5 | 0.0% | Cash | quarterly | - | 2023-04-18 | 2023-05-05 |
| 2023-01-13 | $1.5 | 0.0% | Cash | quarterly | - | 2023-01-17 | 2023-02-05 |
| 2022-10-14 | $1.5 | 0.0% | Cash | quarterly | - | 2022-10-17 | 2022-11-05 |
| 2022-07-12 | $1.5 | 0.0% | Cash | quarterly | - | 2022-07-13 | 2022-08-05 |
| 2022-04-12 | $1.5 | +20.0% | Cash | quarterly | - | 2022-04-13 | 2022-05-05 |
| 2022-01-14 | $1.25 | 0.0% | Cash | quarterly | - | 2022-01-18 | 2022-02-05 |
| 2021-10-14 | $1.25 | 0.0% | Cash | quarterly | - | 2021-10-15 | 2021-11-05 |
| 2021-07-15 | $1.25 | +8.7% | Cash | quarterly | - | 2021-07-16 | 2021-08-05 |
| 2021-04-15 | $1.15 | 0.0% | Cash | quarterly | - | 2021-04-16 | 2021-05-05 |
| 2021-01-15 | $1.15 | 0.0% | Cash | quarterly | - | 2021-01-19 | 2021-02-05 |
| 2020-10-15 | $1.15 | 0.0% | Cash | quarterly | - | 2020-10-16 | 2020-11-05 |
| 2020-07-16 | $1.15 | 0.0% | Cash | quarterly | - | 2020-07-17 | 2020-08-05 |
| 2020-04-15 | $1.15 | 0.0% | Cash | quarterly | - | 2020-04-16 | 2020-05-05 |
| 2020-01-16 | $1.15 | 0.0% | Cash | quarterly | - | 2020-01-17 | 2020-02-05 |
| 2019-10-16 | $1.15 | 0.0% | Cash | quarterly | - | 2019-10-17 | 2019-11-05 |
| 2019-07-18 | $1.15 | +21.1% | Cash | quarterly | - | 2019-07-19 | 2019-08-05 |
| 2019-04-15 | $0.95 | 0.0% | Cash | quarterly | - | 2019-04-16 | 2019-05-05 |
| 2019-01-16 | $0.95 | 0.0% | Cash | quarterly | - | 2019-01-17 | 2019-02-05 |
| 2018-10-16 | $0.95 | 0.0% | Cash | quarterly | - | 2018-10-17 | 2018-11-05 |
| 2018-07-16 | $0.95 | +26.7% | Cash | quarterly | - | 2018-07-17 | 2018-08-05 |
| 2018-04-13 | $0.75 | 0.0% | Cash | quarterly | - | 2018-04-16 | 2018-05-05 |
| 2018-01-16 | $0.75 | 0.0% | Cash | quarterly | - | 2018-01-17 | 2018-02-05 |
| 2017-10-16 | $0.75 | – | Cash | quarterly | - | 2017-10-17 | 2017-11-05 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.