Dividend Yield (TTM)
0.72%
vs 5Y avg 1.03% · 10Y avg 0.86%
Dividend Yield (Forward)
0.73%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.74
Forward (annualized): $1.78
Payout Ratio (EPS, TTM)
20.5%
Payout Ratio (FCF, TTM)
19.6%
Dividend CAGR (3Y / 5Y / 10Y)
3Y9.3%5Y41.6%10Y13.2%
Consecutive Growth Years
5
as of 2025
Years Without a Cut
5
as of 2025
Total Shareholder Yield (TTM)
2.50%
Div 0.75% + Net buyback 1.75%
Growth, streak and CAGR figures exclude special dividends.
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)
2.5%
Dividends 0.7% + Net buybacks 1.8%
Net Buyback (TTM)
€1.10B
Gross €1.13B − Issuance €22M
SBC (TTM)
€170M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (10.2% latest vs 8.8% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.62 | +10.2% | 1 | |
| 2024 | 1.47 | +9.7% | 1 | |
| 2023 | 1.34 | +8.1% | 1 | |
| 2022 | 1.24 | +8.8% | 1 | |
| 2021 | 1.14 | +300.0% | 0 | |
| 2020 | 0.285 | -72.1% | 1 | |
| 2019 | 1.02 | +13.3% | 1 | |
| 2018 | 0.90 | +181.3% | 1 | |
| 2017 | 0.32 | -21.0% | 1 | |
| 2016 | 0.405 | -13.8% | 1 | |
| 2015 | 0.47 | +17.5% | 1 | |
| 2014 | 0.40 | — | 0 |
Special dividends are excluded from these figures. Based on 45 regular payments.
Payment history (45 payments)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-09-08 | $0.445 | – | 0.0% | Cash | quarterly | 2026-08-20 | 2026-09-08 | 2026-09-30 |
| 2026-06-09 | $0.445 | – | 0.0% | Cash | quarterly | 2026-05-20 | 2026-06-09 | 2026-06-30 |
| 2026-03-13 | $0.445 | – | +9.9% | Cash | quarterly | 2026-03-03 | 2026-03-13 | 2026-03-31 |
| 2025-12-09 | $0.405 | – | 0.0% | Cash | quarterly | 2025-11-19 | 2025-12-09 | 2025-12-31 |
| 2025-09-09 | $0.405 | – | 0.0% | Cash | quarterly | 2025-08-20 | 2025-09-09 | 2025-09-30 |
| 2025-06-10 | $0.405 | – | 0.0% | Cash | quarterly | 2025-05-21 | 2025-06-10 | 2025-06-30 |
| 2025-03-18 | $0.405 | – | +10.2% | Cash | quarterly | 2025-03-04 | 2025-03-18 | 2025-03-31 |
| 2024-12-10 | $0.3675 | – | 0.0% | Cash | quarterly | 2024-11-20 | 2024-12-10 | 2024-12-31 |
| 2024-09-10 | $0.3675 | – | 0.0% | Cash | quarterly | 2024-08-21 | 2024-09-10 | 2024-09-30 |
| 2024-06-11 | $0.3675 | – | 0.0% | Cash | quarterly | 2024-05-22 | 2024-06-11 | 2024-06-28 |
| 2024-03-14 | $0.3675 | – | +9.7% | Cash | quarterly | 2024-03-05 | 2024-03-15 | 2024-03-29 |
| 2023-12-04 | $0.335 | – | 0.0% | Cash | quarterly | 2023-11-15 | 2023-12-05 | 2023-12-29 |
| 2023-09-01 | $0.335 | – | 0.0% | Cash | quarterly | 2023-08-16 | 2023-09-05 | 2023-09-29 |
| 2023-06-05 | $0.335 | – | 0.0% | Cash | quarterly | 2023-05-17 | 2023-06-06 | 2023-06-30 |
| 2023-03-13 | $0.335 | – | +8.1% | Cash | quarterly | 2023-02-28 | 2023-03-14 | 2023-03-31 |
| 2022-12-05 | $0.31 | – | 0.0% | Cash | quarterly | 2022-11-16 | 2022-12-06 | 2022-12-30 |
| 2022-09-02 | $0.31 | – | 0.0% | Cash | quarterly | 2022-08-17 | 2022-09-06 | 2022-09-30 |
| 2022-06-06 | $0.31 | – | 0.0% | Cash | quarterly | 2022-05-18 | 2022-06-07 | 2022-06-30 |
| 2022-03-14 | $0.31 | – | +8.8% | Cash | quarterly | 2022-03-01 | 2022-03-15 | 2022-03-31 |
| 2021-12-06 | $0.285 | – | 0.0% | Cash | quarterly | 2021-11-17 | 2021-12-07 | 2021-12-31 |
| 2021-09-03 | $0.285 | – | 0.0% | Cash | quarterly | 2021-08-18 | 2021-09-07 | 2021-09-30 |
| 2021-06-07 | $0.285 | – | 0.0% | Cash | quarterly | 2021-05-19 | 2021-06-08 | 2021-06-30 |
| 2021-03-15 | $0.285 | – | 0.0% | Cash | quarterly | 2021-03-03 | 2021-03-16 | 2021-03-31 |
| 2020-03-16 | $0.285 | – | +11.8% | Cash | quarterly | 2020-03-03 | 2020-03-17 | 2020-03-31 |
| 2019-12-05 | $0.255 | – | 0.0% | Cash | quarterly | 2019-11-20 | 2019-12-06 | 2019-12-31 |
| 2019-09-11 | $0.255 | – | 0.0% | Cash | quarterly | 2019-08-21 | 2019-09-12 | 2019-09-30 |
| 2019-06-10 | $0.255 | – | 0.0% | Cash | quarterly | 2019-05-22 | 2019-06-11 | 2019-06-28 |
| 2019-03-15 | $0.255 | – | +13.3% | Cash | quarterly | 2019-03-05 | 2019-03-18 | 2019-03-29 |
| 2018-12-06 | $0.225 | – | 0.0% | Cash | quarterly | 2018-11-19 | 2018-12-07 | 2018-12-28 |
| 2018-09-12 | $0.225 | – | 0.0% | Cash | quarterly | 2018-08-22 | 2018-09-13 | 2018-09-28 |
| 2018-06-11 | $0.225 | – | 0.0% | Cash | quarterly | 2018-05-24 | 2018-06-12 | 2018-06-29 |
| 2018-03-16 | $0.225 | – | +40.6% | Cash | quarterly | 2018-03-06 | 2018-03-19 | 2018-03-30 |
| 2017-11-30 | $0.16 | – | 0.0% | Cash | quarterly | 2017-11-15 | 2017-12-01 | 2017-12-29 |
| 2017-09-06 | $0.16 | – | +18.5% | Cash | quarterly | 2017-08-17 | 2017-09-07 | 2017-09-29 |
| 2016-12-05 | $0.135 | – | 0.0% | Cash | quarterly | 2016-11-17 | 2016-12-07 | 2016-12-30 |
| 2016-08-31 | $0.135 | – | 0.0% | Cash | quarterly | 2016-08-18 | 2016-09-02 | 2016-09-30 |
| 2016-03-10 | $0.135 | – | +14.9% | Cash | quarterly | 2016-03-01 | 2016-03-14 | 2016-03-31 |
| 2015-12-07 | $0.1175 | – | 0.0% | Cash | quarterly | 2015-11-18 | 2015-12-09 | 2015-12-31 |
| 2015-09-02 | $0.1175 | – | 0.0% | Cash | quarterly | 2015-08-19 | 2015-09-04 | 2015-09-30 |
| 2015-06-05 | $0.1175 | $0.235 | 0.0% | Cash | quarterly | 2015-05-20 | 2015-06-09 | 2015-06-30 |
| 2015-03-05 | $0.1175 | $0.235 | +17.5% | Cash | quarterly | 2015-03-02 | 2015-03-09 | 2015-03-31 |
| 2014-12-08 | $0.1 | $0.2 | 0.0% | Cash | quarterly | 2014-11-19 | 2014-12-10 | 2014-12-31 |
| 2014-09-03 | $0.1 | $0.2 | 0.0% | Cash | quarterly | 2014-08-20 | 2014-09-05 | 2014-09-30 |
| 2014-06-06 | $0.1 | $0.2 | 0.0% | Cash | quarterly | 2014-05-21 | 2014-06-10 | 2014-06-30 |
| 2014-03-06 | $0.1 | $0.2 | – | Cash | quarterly | 2014-02-27 | 2014-03-10 | 2014-03-31 |
Amounts are in the declared currency; the listing currency is EUR.
Splits (1)
| Date | Ratio | Cumulative |
|---|---|---|
| 2015-06-12 | 2:1 | ×2 to today |