Dividend Yield (TTM)
1.00%
vs 5Y avg 2.18% · 10Y avg 1.43% · price: vendor quote
Dividend Yield (Forward)
1.99%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.38
Forward (annualized): $4.76
Payout Ratio (EPS, TTM)
57.1%
Payout Ratio (FCF, TTM)
57.6%
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.9%5Y4.8%10Y—
Consecutive Growth Years
8
as of 2025
Years Without a Cut
8
as of 2025
Total Shareholder Yield (TTM)
4.51%
Div 2.02% + Net buyback 2.49%
Growth, streak and CAGR figures exclude special dividends.
Dividend history spans multiple declared currencies (USD, EUR); 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)
4.5%
Dividends 2.0% + Net buybacks 2.5%
Net Buyback (TTM)
€3.20B
Gross €3.41B − Issuance €206M
SBC (TTM)
€179M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is steady (4.8% latest vs 5.0% 3-yr avg).
| Year | DPS (regular sum) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 4.58 | +4.8% | 1 | |
| 2024 | 4.37 | +4.8% | 1 | |
| 2023 | 4.17 | +5.0% | 1 | |
| 2022 | 3.97 | +5.3% | 1 | |
| 2021 | 3.77 | +3.9% | 1 | |
| 2020 | 3.63 | +303.3% | 1 | |
| 2019 | 0.90 | +20.8% | 1 | |
| 2018 | 0.745 | — | 1 | |
| 2013 | 0.41 | -78.4% | 0 | |
| 2012 | 1.90 | +38.7% | 1 | |
| 2011 | 1.37 | +51.0% | 2 | |
| 2010 | 0.9075 | — | 0 |
Special dividends are excluded from these figures. Based on 40 regular payments.
Payment history (40 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-27 | $1.19 | 0.0% | Cash | quarterly | - | 2026-02-27 | 2026-03-13 |
| 2025-11-14 | $1.19 | +5.3% | Cash | quarterly | - | 2025-11-14 | 2025-12-05 |
| 2025-08-15 | $1.13 | 0.0% | Cash | quarterly | - | 2025-08-15 | 2025-09-05 |
| 2025-05-16 | $1.13 | 0.0% | Cash | quarterly | - | 2025-05-16 | 2025-06-06 |
| 2025-02-28 | $1.13 | 0.0% | Cash | quarterly | - | 2025-02-28 | 2025-03-14 |
| 2024-11-15 | $1.13 | +4.6% | Cash | quarterly | - | 2024-11-15 | 2024-12-06 |
| 2024-08-16 | $1.08 | 0.0% | Cash | quarterly | - | 2024-08-16 | 2024-09-06 |
| 2024-05-16 | $1.08 | 0.0% | Cash | quarterly | - | 2024-05-17 | 2024-06-07 |
| 2024-02-29 | $1.08 | 0.0% | Cash | quarterly | - | 2024-03-01 | 2024-03-15 |
| 2023-11-09 | $1.08 | +4.9% | Cash | quarterly | - | 2023-11-10 | 2023-12-01 |
| 2023-08-10 | $1.03 | 0.0% | Cash | quarterly | - | 2023-08-11 | 2023-09-01 |
| 2023-05-11 | $1.03 | 0.0% | Cash | quarterly | - | 2023-05-12 | 2023-06-02 |
| 2023-02-23 | $1.03 | 0.0% | Cash | quarterly | - | 2023-02-24 | 2023-03-10 |
| 2022-11-09 | $1.03 | +5.1% | Cash | quarterly | - | 2022-11-11 | 2022-12-02 |
| 2022-08-11 | $0.98 | 0.0% | Cash | quarterly | - | 2022-08-12 | 2022-09-02 |
| 2022-05-12 | $0.98 | 0.0% | Cash | quarterly | - | 2022-05-13 | 2022-06-03 |
| 2022-02-24 | $0.98 | 0.0% | Cash | quarterly | - | 2022-02-25 | 2022-03-11 |
| 2021-11-10 | $0.98 | +5.4% | Cash | quarterly | - | 2021-11-12 | 2021-12-03 |
| 2021-08-12 | $0.93 | 0.0% | Cash | quarterly | - | 2021-08-13 | 2021-09-03 |
| 2021-05-13 | $0.93 | 0.0% | Cash | quarterly | - | 2021-05-14 | 2021-06-04 |
| 2021-02-25 | $0.93 | 0.0% | Cash | quarterly | - | 2021-02-26 | 2021-03-12 |
| 2020-11-12 | $0.93 | +3.3% | Cash | quarterly | - | 2020-11-13 | 2020-12-04 |
| 2020-08-13 | $0.9 | 0.0% | Cash | quarterly | - | 2020-08-14 | 2020-09-04 |
| 2020-05-14 | $0.9 | 0.0% | Cash | quarterly | - | 2020-05-15 | 2020-06-05 |
| 2020-02-27 | $0.9 | 0.0% | Cash | quarterly | - | 2020-02-28 | 2020-03-06 |
| 2019-11-14 | $0.9 | +20.8% | Cash | quarterly | - | 2019-11-15 | 2019-12-06 |
| 2018-02-22 | $0.745 | +81.7% | Cash | quarterly | - | 2018-02-23 | 2018-03-09 |
| 2013-02-21 | $0.41 | 0.0% | Cash | quarterly | - | 2013-02-25 | 2013-03-11 |
| 2012-11-16 | $0.41 | +10.1% | Cash | quarterly | - | 2012-11-20 | 2012-12-10 |
| 2012-08-16 | $0.3725 | 0.0% | Cash | quarterly | - | 2012-08-20 | 2012-09-10 |
| 2012-05-16 | $0.3725 | 0.0% | Cash | quarterly | - | 2012-05-18 | 2012-06-08 |
| 2012-02-23 | $0.3725 | 0.0% | Cash | quarterly | - | 2012-02-27 | 2012-03-09 |
| 2012-02-22 | $0.3725 | 0.0% | Cash | quarterly | - | 2012-02-24 | 2012-03-09 |
| 2011-11-16 | $0.3725 | +12.0% | Cash | quarterly | - | 2011-11-18 | 2011-12-09 |
| 2011-08-17 | $0.3325 | 0.0% | Cash | quarterly | - | 2011-08-19 | 2011-09-09 |
| 2011-05-18 | $0.3325 | 0.0% | Cash | quarterly | - | 2011-05-20 | 2011-06-10 |
| 2011-02-16 | $0.3325 | +9.9% | Cash | quarterly | - | 2011-02-18 | 2011-03-10 |
| 2010-11-17 | $0.3025 | – | Cash | quarterly | - | 2010-11-19 | 2010-12-10 |
| 2010-08-18 | EUR 0.3025 | – | Cash | quarterly | - | 2010-08-16 | - |
| 2010-05-18 | $0.3025 | – | Cash | quarterly | - | 2010-05-14 | - |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.