Dividend Yield (TTM)
0.64%
Dividend Yield (Forward)
0.65%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.68
Forward (annualized): $2.68
Payout Ratio (EPS, TTM)
22.2%
Payout Ratio (FCF, TTM)
26.5%
Dividend CAGR (3Y / 5Y / 10Y)
3Y15.7%5Y14.9%10Y17.2%
Consecutive Growth Years
17
as of 2025
Years Without a Cut
17
as of 2025
Total Shareholder Yield (TTM)
3.86%
Div 0.73% + Net buyback 3.13%
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)
3.9%
Dividends 0.7% + Net buybacks 3.1%
Net Buyback (TTM)
€18.38B
Gross €18.38B − Issuance €0
SBC (TTM)
€791M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (13.5% latest vs 17.2% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 2.44 | +13.5% | 1 | |
| 2024 | 2.15 | +15.0% | 1 | |
| 2023 | 1.87 | +18.7% | 1 | |
| 2022 | 1.58 | +18.0% | 1 | |
| 2021 | 1.34 | +9.4% | 1 | |
| 2020 | 1.22 | +16.2% | 1 | |
| 2019 | 1.05 | +19.3% | 1 | |
| 2018 | 0.88 | +27.5% | 2 | |
| 2017 | 0.69 | +17.9% | 1 | |
| 2016 | 0.585 | +17.0% | 1 | |
| 2015 | 0.50 | +19.0% | 1 | |
| 2014 | 0.42 | +20.9% | 1 | |
| 2013 | 0.3475 | +40.4% | 1 | |
| 2012 | 0.2475 | +47.8% | 1 | |
| 2011 | 0.1675 | +27.6% | 1 |
Special dividends are excluded from these figures. Based on 73 regular payments.
Payment history (73 payments)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-08-11 | $0.67 | – | 0.0% | Cash | quarterly | 2026-07-30 | 2026-08-11 | 2026-09-01 |
| 2026-05-12 | $0.67 | – | 0.0% | Cash | quarterly | 2026-04-28 | 2026-05-12 | 2026-06-01 |
| 2026-02-10 | $0.67 | – | 0.0% | Cash | quarterly | 2026-01-27 | 2026-02-10 | 2026-03-02 |
| 2025-11-12 | $0.67 | – | +13.6% | Cash | quarterly | 2025-10-29 | 2025-11-12 | 2025-12-01 |
| 2025-08-12 | $0.59 | – | 0.0% | Cash | quarterly | 2025-07-29 | 2025-08-12 | 2025-09-02 |
| 2025-05-13 | $0.59 | – | 0.0% | Cash | quarterly | 2025-04-29 | 2025-05-13 | 2025-06-02 |
| 2025-02-11 | $0.59 | – | 0.0% | Cash | quarterly | 2025-01-28 | 2025-02-11 | 2025-03-03 |
| 2024-11-12 | $0.59 | – | +13.5% | Cash | quarterly | 2024-10-29 | 2024-11-12 | 2024-12-02 |
| 2024-08-09 | $0.52 | – | 0.0% | Cash | quarterly | 2024-07-23 | 2024-08-09 | 2024-09-03 |
| 2024-05-16 | $0.52 | – | 0.0% | Cash | quarterly | 2024-04-24 | 2024-05-17 | 2024-06-03 |
| 2024-02-08 | $0.52 | – | 0.0% | Cash | quarterly | 2024-01-25 | 2024-02-09 | 2024-03-01 |
| 2023-11-08 | $0.52 | – | +15.6% | Cash | quarterly | 2023-10-24 | 2023-11-09 | 2023-12-01 |
| 2023-08-10 | $0.45 | – | 0.0% | Cash | quarterly | 2023-07-25 | 2023-08-11 | 2023-09-01 |
| 2023-05-11 | $0.45 | – | 0.0% | Cash | quarterly | 2023-04-25 | 2023-05-12 | 2023-06-01 |
| 2023-02-09 | $0.45 | – | 0.0% | Cash | quarterly | 2023-01-24 | 2023-02-10 | 2023-03-01 |
| 2022-11-09 | $0.45 | – | +20.0% | Cash | quarterly | 2022-10-21 | 2022-11-11 | 2022-12-01 |
| 2022-08-11 | $0.375 | – | 0.0% | Cash | quarterly | 2022-07-22 | 2022-08-12 | 2022-09-01 |
| 2022-05-12 | $0.375 | – | 0.0% | Cash | quarterly | 2022-04-26 | 2022-05-13 | 2022-06-01 |
| 2022-02-10 | $0.375 | – | 0.0% | Cash | quarterly | 2022-01-25 | 2022-02-11 | 2022-03-01 |
| 2021-11-10 | $0.375 | – | +17.2% | Cash | quarterly | 2021-10-22 | 2021-11-12 | 2021-12-07 |
| 2021-08-12 | $0.32 | – | 0.0% | Cash | quarterly | 2021-07-23 | 2021-08-13 | 2021-09-01 |
| 2021-05-13 | $0.32 | – | 0.0% | Cash | quarterly | 2021-04-27 | 2021-05-14 | 2021-06-01 |
| 2021-02-11 | $0.32 | – | 0.0% | Cash | quarterly | 2021-01-28 | 2021-02-12 | 2021-03-01 |
| 2020-11-12 | $0.32 | – | +6.7% | Cash | quarterly | 2020-10-30 | 2020-11-13 | 2020-12-01 |
| 2020-08-13 | $0.3 | – | 0.0% | Cash | quarterly | 2020-07-20 | 2020-08-14 | 2020-09-01 |
| 2020-05-13 | $0.3 | – | 0.0% | Cash | quarterly | 2020-04-22 | 2020-05-14 | 2020-06-02 |
| 2020-02-13 | $0.3 | – | 0.0% | Cash | quarterly | 2019-12-30 | 2020-02-14 | 2020-03-03 |
| 2019-11-14 | $0.3 | – | +20.0% | Cash | quarterly | 2019-10-22 | 2019-11-15 | 2019-12-03 |
| 2019-08-15 | $0.25 | – | 0.0% | Cash | quarterly | 2019-07-17 | 2019-08-16 | 2019-09-03 |
| 2019-05-16 | $0.25 | – | 0.0% | Cash | quarterly | 2019-04-16 | 2019-05-17 | 2019-06-04 |
| 2019-02-14 | $0.25 | – | 0.0% | Cash | quarterly | 2019-01-29 | 2019-02-15 | 2019-03-05 |
| 2018-11-15 | $0.25 | – | +19.0% | Cash | quarterly | 2018-10-16 | 2018-11-16 | 2018-12-04 |
| 2018-08-16 | $0.21 | – | 0.0% | Cash | quarterly | 2018-07-17 | 2018-08-17 | 2018-09-04 |
| 2018-05-17 | $0.21 | – | 0.0% | Cash | quarterly | 2018-04-19 | 2018-05-18 | 2018-06-05 |
| 2018-02-15 | $0.21 | – | +7.7% | Cash | quarterly | 2018-01-30 | 2018-02-16 | 2018-03-06 |
| 2017-11-16 | $0.195 | – | +18.2% | Cash | quarterly | 2017-10-18 | 2017-11-17 | 2017-12-05 |
| 2017-08-16 | $0.165 | – | 0.0% | Cash | quarterly | 2017-07-18 | 2017-08-18 | 2017-09-05 |
| 2017-05-17 | $0.165 | – | 0.0% | Cash | quarterly | 2017-04-18 | 2017-05-19 | 2017-06-06 |
| 2017-02-15 | $0.165 | – | 0.0% | Cash | quarterly | 2017-02-01 | 2017-02-17 | 2017-03-07 |
| 2016-11-16 | $0.165 | – | +17.9% | Cash | quarterly | 2016-10-17 | 2016-11-18 | 2016-12-06 |
| 2016-08-17 | $0.14 | – | 0.0% | Cash | quarterly | 2016-07-28 | 2016-08-19 | 2016-09-06 |
| 2016-05-11 | $0.14 | – | 0.0% | Cash | quarterly | 2016-04-20 | 2016-05-13 | 2016-06-07 |
| 2016-02-17 | $0.14 | – | 0.0% | Cash | quarterly | 2016-02-05 | 2016-02-19 | 2016-03-01 |
| 2015-11-10 | $0.14 | – | +16.7% | Cash | quarterly | 2015-10-21 | 2015-11-13 | 2015-12-01 |
| 2015-08-12 | $0.12 | – | 0.0% | Cash | quarterly | 2015-07-23 | 2015-08-14 | 2015-09-01 |
| 2015-05-13 | $0.12 | – | 0.0% | Cash | quarterly | 2015-04-23 | 2015-05-15 | 2015-06-02 |
| 2015-02-11 | $0.12 | $0.48 | 0.0% | Cash | quarterly | 2015-01-22 | 2015-02-13 | 2015-03-03 |
| 2014-11-12 | $0.12 | $0.48 | +20.0% | Cash | quarterly | 2014-10-23 | 2014-11-14 | 2014-12-02 |
| 2014-08-13 | $0.1 | $0.4 | 0.0% | Cash | quarterly | 2014-07-24 | 2014-08-15 | 2014-09-03 |
| 2014-05-14 | $0.1 | $0.4 | 0.0% | Cash | quarterly | 2014-04-24 | 2014-05-16 | 2014-06-03 |
| 2014-02-12 | $0.1 | $0.4 | 0.0% | Cash | quarterly | 2014-01-23 | 2014-02-14 | 2014-03-04 |
| 2013-11-13 | $0.1 | $0.4 | +21.2% | Cash | quarterly | 2013-10-24 | 2013-11-15 | 2013-12-03 |
| 2013-08-14 | $0.0825 | $0.33 | 0.0% | Cash | quarterly | 2013-07-25 | 2013-08-16 | 2013-09-04 |
| 2013-05-15 | $0.0825 | $0.33 | 0.0% | Cash | quarterly | 2013-04-25 | 2013-05-17 | 2013-06-04 |
| 2013-02-13 | $0.0825 | $0.33 | 0.0% | Cash | quarterly | 2013-01-30 | 2013-02-15 | 2013-03-05 |
| 2012-11-14 | $0.0825 | $0.33 | +50.0% | Cash | quarterly | 2012-10-24 | 2012-11-16 | 2012-12-04 |
| 2012-08-15 | $0.055 | $0.22 | 0.0% | Cash | quarterly | 2012-07-20 | 2012-08-17 | 2012-09-04 |
| 2012-05-16 | $0.055 | $0.22 | 0.0% | Cash | quarterly | 2012-04-27 | 2012-05-18 | 2012-06-05 |
| 2012-02-15 | $0.055 | $0.22 | 0.0% | Cash | quarterly | 2012-02-02 | 2012-02-17 | 2012-03-06 |
| 2011-11-16 | $0.055 | $0.22 | +46.7% | Cash | quarterly | 2011-10-20 | 2011-11-18 | 2011-12-06 |
| 2011-08-17 | $0.0375 | $0.15 | 0.0% | Cash | quarterly | 2011-07-25 | 2011-08-19 | 2011-09-07 |
| 2011-05-18 | $0.0375 | $0.15 | 0.0% | Cash | quarterly | 2011-04-26 | 2011-05-20 | 2011-06-07 |
| 2011-02-09 | $0.0375 | $0.15 | 0.0% | Cash | quarterly | 2011-01-28 | 2011-02-11 | 2011-03-01 |
| 2010-11-17 | $0.0375 | $0.15 | +20.0% | Cash | quarterly | 2010-10-21 | 2010-11-19 | 2010-12-07 |
| 2010-08-11 | $0.0313 | $0.125 | 0.0% | Cash | quarterly | 2010-07-22 | 2010-08-13 | 2010-09-01 |
| 2010-05-12 | $0.0313 | $0.125 | 0.0% | Cash | quarterly | 2010-04-22 | 2010-05-14 | 2010-06-02 |
| 2010-02-10 | $0.0313 | $0.125 | 0.0% | Cash | quarterly | 2010-01-21 | 2010-02-12 | 2010-03-02 |
| 2009-11-12 | $0.0313 | $0.125 | +19.0% | Cash | quarterly | 2009-10-23 | 2009-11-16 | 2009-12-01 |
| 2009-08-12 | $0.0263 | $0.105 | 0.0% | Cash | quarterly | 2009-07-23 | 2009-08-14 | 2009-09-01 |
| 2009-05-13 | $0.0263 | $0.105 | 0.0% | Cash | quarterly | 2009-04-23 | 2009-05-15 | 2009-06-02 |
| 2009-02-11 | $0.0263 | $0.105 | 0.0% | Cash | quarterly | 2009-01-22 | 2009-02-13 | 2009-03-03 |
| 2008-11-12 | $0.0263 | $0.105 | 0.0% | Cash | quarterly | 2008-10-23 | 2008-11-14 | 2008-12-02 |
| 2008-08-13 | $0.0263 | $0.105 | – | Cash | quarterly | 2008-07-24 | 2008-08-15 | 2008-08-29 |
Amounts are in the declared currency; the listing currency is EUR.
Splits (1)
| Date | Ratio | Cumulative |
|---|---|---|
| 2015-03-19 | 4:1 | ×4 to today |