Dividend Yield (TTM)
1.83%
vs 5Y avg 3.96% · 10Y avg 4.24% · price: vendor quote
Dividend Yield (Forward)
3.70%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.49
Forward (annualized): $7.12
Payout Ratio (EPS, TTM)
102.4%
Payout Ratio (FCF, TTM)
78.4%
Dividend CAGR (3Y / 5Y / 10Y)
3Y6.4%5Y5.8%10Y4.8%
Consecutive Growth Years
20
as of 2025
Years Without a Cut
20
as of 2025
Total Shareholder Yield (TTM)
6.85%
Div 3.51% + Net buyback 3.35%
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)
6.9%
Dividends 3.5% + Net buybacks 3.3%
Net Buyback (TTM)
€10.62B
Gross €10.62B − Issuance €0
SBC (TTM)
€0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (4.9% latest vs 7.1% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 6.84 | +4.9% | 1 | |
| 2024 | 6.52 | +7.9% | 1 | |
| 2023 | 6.04 | +6.3% | 1 | |
| 2022 | 5.68 | +7.0% | 1 | |
| 2021 | 5.31 | +2.9% | 1 | |
| 2020 | 5.16 | +8.4% | 1 | |
| 2019 | 4.76 | +6.2% | 1 | |
| 2018 | 4.48 | +3.7% | 1 | |
| 2017 | 4.32 | +0.7% | 0 | |
| 2016 | 4.29 | +0.2% | 1 | |
| 2015 | 4.28 | +1.7% | 0 | |
| 2014 | 4.21 | +7.9% | 1 | |
| 2013 | 3.90 | +11.1% | 1 | |
| 2012 | 3.51 | +13.6% | 1 | |
| 2011 | 3.09 | +8.8% | 2 |
Special dividends are excluded from these figures. Based on 147 regular payments.
Payment history (147 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-17 | $1.78 | +4.1% | Cash | quarterly | - | 2026-02-17 | 2026-03-10 |
| 2025-11-18 | $1.71 | 0.0% | Cash | quarterly | - | 2025-11-18 | 2025-12-10 |
| 2025-08-19 | $1.71 | 0.0% | Cash | quarterly | - | 2025-08-19 | 2025-09-10 |
| 2025-05-19 | $1.71 | 0.0% | Cash | quarterly | - | 2025-05-19 | 2025-06-10 |
| 2025-02-14 | $1.71 | +4.9% | Cash | quarterly | - | 2025-02-14 | 2025-03-10 |
| 2024-11-18 | $1.63 | 0.0% | Cash | quarterly | - | 2024-11-18 | 2024-12-10 |
| 2024-08-19 | $1.63 | 0.0% | Cash | quarterly | - | 2024-08-19 | 2024-09-10 |
| 2024-05-16 | $1.63 | 0.0% | Cash | quarterly | - | 2024-05-17 | 2024-06-10 |
| 2024-02-15 | $1.63 | +7.9% | Cash | quarterly | - | 2024-02-16 | 2024-03-11 |
| 2023-11-16 | $1.51 | 0.0% | Cash | quarterly | - | 2023-11-17 | 2023-12-11 |
| 2023-08-17 | $1.51 | 0.0% | Cash | quarterly | - | 2023-08-18 | 2023-09-11 |
| 2023-05-18 | $1.51 | 0.0% | Cash | quarterly | - | 2023-05-19 | 2023-06-12 |
| 2023-02-15 | $1.51 | +6.3% | Cash | quarterly | - | 2023-02-16 | 2023-03-10 |
| 2022-11-17 | $1.42 | 0.0% | Cash | quarterly | - | 2022-11-18 | 2022-12-12 |
| 2022-08-18 | $1.42 | 0.0% | Cash | quarterly | - | 2022-08-19 | 2022-09-12 |
| 2022-05-18 | $1.42 | 0.0% | Cash | quarterly | - | 2022-05-19 | 2022-06-10 |
| 2022-02-15 | $1.42 | +6.0% | Cash | quarterly | - | 2022-02-16 | 2022-03-10 |
| 2021-11-17 | $1.34 | 0.0% | Cash | quarterly | - | 2021-11-18 | 2021-12-10 |
| 2021-08-18 | $1.34 | 0.0% | Cash | quarterly | - | 2021-08-19 | 2021-09-10 |
| 2021-05-18 | $1.34 | +3.9% | Cash | quarterly | - | 2021-05-19 | 2021-06-10 |
| 2021-02-16 | $1.29 | 0.0% | Cash | quarterly | - | 2021-02-17 | 2021-03-10 |
| 2020-11-17 | $1.29 | 0.0% | Cash | quarterly | - | 2020-11-18 | 2020-12-10 |
| 2020-08-18 | $1.29 | 0.0% | Cash | quarterly | - | 2020-08-19 | 2020-09-10 |
| 2020-05-18 | $1.29 | 0.0% | Cash | quarterly | - | 2020-05-19 | 2020-06-10 |
| 2020-02-14 | $1.29 | +8.4% | Cash | quarterly | - | 2020-02-18 | 2020-03-10 |
| 2019-11-15 | $1.19 | 0.0% | Cash | quarterly | - | 2019-11-18 | 2019-12-10 |
| 2019-08-16 | $1.19 | 0.0% | Cash | quarterly | - | 2019-08-19 | 2019-09-10 |
| 2019-05-16 | $1.19 | 0.0% | Cash | quarterly | - | 2019-05-17 | 2019-06-10 |
| 2019-02-14 | $1.19 | +6.2% | Cash | quarterly | - | 2019-02-15 | 2019-03-11 |
| 2018-11-15 | $1.12 | 0.0% | Cash | quarterly | - | 2018-11-16 | 2018-12-10 |
| 2018-08-16 | $1.12 | 0.0% | Cash | quarterly | - | 2018-08-17 | 2018-09-10 |
| 2018-05-17 | $1.12 | 0.0% | Cash | quarterly | - | 2018-05-18 | 2018-06-11 |
| 2018-02-15 | $1.12 | +3.7% | Cash | quarterly | - | 2018-02-16 | 2018-03-12 |
| 2017-11-16 | $1.08 | 0.0% | Cash | quarterly | - | 2017-11-17 | 2017-12-11 |
| 2017-08-16 | $1.08 | 0.0% | Cash | quarterly | - | 2017-08-18 | 2017-09-11 |
| 2017-05-17 | $1.08 | 0.0% | Cash | quarterly | - | 2017-05-19 | 2017-06-12 |
| 2017-02-14 | $1.08 | 0.0% | Cash | quarterly | - | 2017-02-16 | 2017-03-10 |
| 2016-11-16 | $1.08 | +0.9% | Cash | quarterly | - | 2016-11-18 | 2016-12-12 |
| 2016-08-17 | $1.07 | 0.0% | Cash | quarterly | - | 2016-08-19 | 2016-09-12 |
| 2016-05-17 | $1.07 | 0.0% | Cash | quarterly | - | 2016-05-19 | 2016-06-10 |
| 2016-02-16 | $1.07 | 0.0% | Cash | quarterly | - | 2016-02-18 | 2016-03-10 |
| 2015-11-16 | $1.07 | 0.0% | Cash | quarterly | - | 2015-11-18 | 2015-12-10 |
| 2015-08-17 | $1.07 | 0.0% | Cash | quarterly | - | 2015-08-19 | 2015-09-10 |
| 2015-05-15 | $1.07 | 0.0% | Cash | quarterly | - | 2015-05-19 | 2015-06-10 |
| 2015-02-12 | $1.07 | 0.0% | Cash | quarterly | - | 2015-02-17 | 2015-03-10 |
| 2014-11-14 | $1.07 | 0.0% | Cash | quarterly | - | 2014-11-18 | 2014-12-10 |
| 2014-08-15 | $1.07 | 0.0% | Cash | quarterly | - | 2014-08-19 | 2014-09-10 |
| 2014-05-15 | $1.07 | +7.0% | Cash | quarterly | - | 2014-05-19 | 2014-06-10 |
| 2014-02-12 | $1 | 0.0% | Cash | quarterly | - | 2014-02-14 | 2014-03-14 |
| 2013-11-14 | $1 | 0.0% | Cash | quarterly | - | 2013-11-18 | 2013-12-10 |
| 2013-08-15 | $1 | 0.0% | Cash | quarterly | - | 2013-08-19 | 2013-09-10 |
| 2013-05-15 | $1 | +11.1% | Cash | quarterly | - | 2013-05-17 | 2013-06-10 |
| 2013-02-13 | $0.9 | 0.0% | Cash | quarterly | - | 2013-02-15 | 2013-03-11 |
| 2012-11-14 | $0.9 | 0.0% | Cash | quarterly | - | 2012-11-16 | 2012-12-10 |
| 2012-08-15 | $0.9 | 0.0% | Cash | quarterly | - | 2012-08-17 | 2012-09-10 |
| 2012-05-16 | $0.9 | +11.1% | Cash | quarterly | - | 2012-05-18 | 2012-06-11 |
| 2012-02-15 | $0.81 | 0.0% | Cash | quarterly | - | 2012-02-17 | 2012-03-12 |
| 2011-11-16 | $0.81 | +3.8% | Cash | quarterly | - | 2011-11-18 | 2011-12-12 |
| 2011-08-17 | $0.78 | 0.0% | Cash | quarterly | - | 2011-08-19 | 2011-09-12 |
| 2011-05-17 | $0.78 | +8.3% | Cash | quarterly | - | 2011-05-19 | 2011-06-10 |
| 2011-02-14 | $0.72 | 0.0% | Cash | quarterly | - | 2011-02-16 | 2011-03-10 |
| 2010-11-16 | $0.72 | 0.0% | Cash | quarterly | - | 2010-11-18 | 2010-12-10 |
| 2010-08-17 | $0.72 | 0.0% | Cash | quarterly | - | 2010-08-19 | 2010-09-10 |
| 2010-05-17 | $0.72 | +5.9% | Cash | quarterly | - | 2010-05-19 | 2010-06-10 |
| 2010-02-12 | $0.68 | 0.0% | Cash | quarterly | - | 2010-02-17 | 2010-03-10 |
| 2009-11-16 | $0.68 | 0.0% | Cash | quarterly | - | 2009-11-18 | 2009-12-10 |
| 2009-08-17 | $0.68 | +4.6% | Cash | quarterly | - | 2009-08-19 | 2009-09-10 |
| 2009-05-15 | $0.65 | 0.0% | Cash | quarterly | - | 2009-05-19 | 2009-06-10 |
| 2009-02-12 | $0.65 | 0.0% | Cash | quarterly | - | 2009-02-17 | 2009-03-10 |
| 2008-11-14 | $0.65 | 0.0% | Cash | quarterly | - | 2008-11-18 | 2008-12-10 |
| 2008-08-15 | $0.65 | 0.0% | Cash | quarterly | - | 2008-08-19 | 2008-09-10 |
| 2008-05-15 | $0.65 | +12.1% | Cash | quarterly | - | 2008-05-19 | 2008-06-10 |
| 2008-02-13 | $0.58 | 0.0% | Cash | quarterly | - | 2008-02-15 | 2008-03-10 |
| 2007-11-14 | $0.58 | 0.0% | Cash | quarterly | - | 2007-11-16 | 2007-12-10 |
| 2007-08-15 | $0.58 | 0.0% | Cash | quarterly | - | 2007-08-17 | 2007-09-10 |
| 2007-05-16 | $0.58 | +11.5% | Cash | quarterly | - | 2007-05-18 | 2007-06-11 |
| 2007-02-14 | $0.52 | 0.0% | Cash | quarterly | - | 2007-02-16 | 2007-03-12 |
| 2006-11-15 | $0.52 | 0.0% | Cash | quarterly | - | 2006-11-17 | 2006-12-11 |
| 2006-08-16 | $0.52 | 0.0% | Cash | quarterly | - | 2006-08-18 | 2006-09-11 |
| 2006-05-17 | $0.52 | +15.6% | Cash | quarterly | - | 2006-05-19 | 2006-06-12 |
| 2006-02-14 | $0.45 | 0.0% | Cash | quarterly | - | 2006-02-16 | 2006-03-10 |
| 2005-11-16 | $0.45 | 0.0% | Cash | quarterly | - | 2005-11-18 | 2005-12-12 |
| 2005-08-17 | $0.45 | 0.0% | Cash | quarterly | - | 2005-08-19 | 2005-09-12 |
| 2005-05-17 | $0.45 | +12.5% | Cash | quarterly | - | 2005-05-19 | 2005-06-10 |
| 2005-02-14 | $0.4 | 0.0% | Cash | quarterly | - | 2005-02-16 | 2005-03-10 |
| 2004-11-16 | $0.4 | -50.0% | Cash | quarterly | - | 2004-11-18 | 2004-12-10 |
| 2004-08-17 | $0.8 | +9.6% | Cash | quarterly | - | 2004-08-19 | 2004-09-10 |
| 2004-05-17 | $0.73 | 0.0% | Cash | quarterly | - | 2004-05-19 | 2004-06-10 |
| 2004-02-13 | $0.73 | 0.0% | Cash | quarterly | - | 2004-02-18 | 2004-03-10 |
| 2003-11-14 | $0.73 | 0.0% | Cash | quarterly | - | 2003-11-18 | 2003-12-10 |
| 2003-08-15 | $0.73 | +4.3% | Cash | quarterly | - | 2003-08-19 | 2003-09-10 |
| 2003-05-15 | $0.7 | 0.0% | Cash | quarterly | - | 2003-05-19 | 2003-06-10 |
| 2003-02-12 | $0.7 | 0.0% | Cash | quarterly | - | 2003-02-14 | 2003-03-10 |
| 2002-11-14 | $0.7 | 0.0% | Cash | quarterly | - | 2002-11-18 | 2002-12-10 |
| 2002-08-15 | $0.7 | 0.0% | Cash | quarterly | - | 2002-08-19 | 2002-09-10 |
| 2002-05-15 | $0.7 | 0.0% | Cash | quarterly | - | 2002-05-17 | 2002-06-10 |
| 2002-02-13 | $0.7 | 0.0% | Cash | quarterly | - | 2002-02-15 | 2002-03-11 |
| 2001-11-14 | $0.7 | +7.7% | Cash | quarterly | - | 2001-11-16 | 2001-12-10 |
| 2001-08-15 | $0.65 | 0.0% | Cash | quarterly | - | 2001-08-17 | 2001-09-10 |
| 2001-05-16 | $0.65 | 0.0% | Cash | quarterly | - | 2001-05-18 | 2001-06-11 |
| 2001-02-14 | $0.65 | 0.0% | Cash | quarterly | - | 2001-02-16 | 2001-03-12 |
| 2000-11-15 | $0.65 | 0.0% | Cash | quarterly | - | 2000-11-17 | 2000-12-11 |
| 2000-08-16 | $0.65 | 0.0% | Cash | quarterly | - | 2000-08-18 | 2000-09-11 |
| 2000-05-17 | $0.65 | 0.0% | Cash | quarterly | - | 2000-05-19 | 2000-06-12 |
| 2000-02-16 | $0.65 | 0.0% | Cash | quarterly | - | 2000-02-18 | 2000-03-10 |
| 1999-11-17 | $0.65 | +6.6% | Cash | quarterly | - | 1999-11-19 | 1999-12-10 |
| 1999-08-18 | $0.61 | 0.0% | Cash | quarterly | - | 1999-08-20 | 1999-09-10 |
| 1999-05-18 | $0.61 | 0.0% | Cash | quarterly | - | 1999-05-20 | 1999-06-10 |
| 1999-02-17 | $0.61 | 0.0% | Cash | quarterly | - | 1999-02-19 | 1999-03-10 |
| 1998-11-18 | $0.61 | 0.0% | Cash | quarterly | - | 1998-11-20 | 1998-12-10 |
| 1998-08-18 | $0.61 | 0.0% | Cash | quarterly | - | 1998-08-20 | 1998-09-10 |
| 1998-05-18 | $0.61 | 0.0% | Cash | quarterly | - | 1998-05-20 | 1998-06-10 |
| 1998-02-18 | $0.61 | +5.2% | Cash | quarterly | - | 1998-02-20 | 1998-03-10 |
| 1997-11-18 | $0.58 | 0.0% | Cash | quarterly | - | 1997-11-20 | 1997-12-10 |
| 1997-08-18 | $0.58 | 0.0% | Cash | quarterly | - | 1997-08-20 | 1997-09-10 |
| 1997-05-16 | $0.58 | +7.4% | Cash | quarterly | - | 1997-05-20 | 1997-06-10 |
| 1997-02-18 | $0.54 | 0.0% | Cash | quarterly | - | 1997-02-20 | 1997-03-10 |
| 1996-11-12 | $0.54 | 0.0% | Cash | quarterly | - | 1996-11-14 | 1996-12-10 |
| 1996-08-13 | $0.54 | +8.0% | Cash | quarterly | - | 1996-08-15 | 1996-09-10 |
| 1996-05-14 | $0.5 | 0.0% | Cash | quarterly | - | 1996-05-16 | 1996-06-10 |
| 1996-02-13 | $0.5 | 0.0% | Cash | quarterly | - | 1996-02-15 | 1996-03-11 |
| 1995-11-15 | $0.5 | 0.0% | Cash | quarterly | - | 1995-11-17 | 1995-12-11 |
| 1995-08-15 | $0.5 | +8.1% | Cash | quarterly | - | 1995-08-17 | 1995-09-11 |
| 1995-05-11 | $0.4625 | 0.0% | Cash | quarterly | - | 1995-05-17 | 1995-06-12 |
| 1995-02-10 | $0.4625 | 0.0% | Cash | quarterly | - | 1995-02-16 | 1995-03-10 |
| 1994-11-04 | $0.4625 | 0.0% | Cash | quarterly | - | 1994-11-10 | 1994-12-12 |
| 1994-08-04 | $0.4625 | -50.0% | Cash | quarterly | - | 1994-08-10 | 1994-09-12 |
| 1994-05-05 | $0.925 | 0.0% | Cash | quarterly | - | 1994-05-11 | 1994-06-10 |
| 1994-02-04 | $0.925 | +5.7% | Cash | quarterly | - | 1994-02-10 | 1994-03-10 |
| 1993-11-04 | $0.875 | 0.0% | Cash | quarterly | - | 1993-11-10 | 1993-12-10 |
| 1993-08-03 | $0.875 | 0.0% | Cash | quarterly | - | 1993-08-09 | 1993-09-10 |
| 1993-05-04 | $0.875 | 0.0% | Cash | quarterly | - | 1993-05-10 | 1993-06-10 |
| 1993-02-04 | $0.875 | +6.1% | Cash | quarterly | - | 1993-02-10 | 1993-03-10 |
| 1992-11-03 | $0.825 | 0.0% | Cash | quarterly | - | 1992-11-09 | 1992-12-10 |
| 1992-08-04 | $0.825 | 0.0% | Cash | quarterly | - | 1992-08-10 | 1992-09-10 |
| 1992-05-05 | $0.825 | 0.0% | Cash | quarterly | - | 1992-05-11 | 1992-06-10 |
| 1992-02-04 | $0.825 | 0.0% | Cash | quarterly | - | 1992-02-10 | 1992-03-10 |
| 1991-11-05 | $0.825 | 0.0% | Cash | quarterly | - | 1991-11-12 | 1991-12-10 |
| 1991-08-06 | $0.825 | 0.0% | Cash | quarterly | - | 1991-08-12 | 1991-09-10 |
| 1991-04-30 | $0.825 | +6.5% | Cash | quarterly | - | 1991-05-06 | 1991-06-10 |
| 1991-02-05 | $0.775 | 0.0% | Cash | quarterly | - | 1991-02-11 | 1991-03-11 |
| 1990-11-06 | $0.775 | 0.0% | Cash | quarterly | - | 1990-11-13 | 1990-12-10 |
| 1990-07-31 | $0.775 | +10.7% | Cash | quarterly | - | 1990-08-06 | 1990-09-10 |
| 1990-05-01 | $0.7 | 0.0% | Cash | quarterly | - | 1990-05-07 | 1990-06-11 |
| 1990-02-07 | $0.7 | 0.0% | Cash | quarterly | - | 1990-02-13 | 1990-03-12 |
| 1989-10-31 | $0.7 | 0.0% | Cash | quarterly | - | 1989-11-06 | 1989-12-11 |
| 1989-08-01 | $0.7 | – | Cash | quarterly | - | 1989-08-07 | 1989-09-11 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.