Dividend Yield (TTM)
1.35%
vs 5Y avg 3.55% · 10Y avg 4.47% · price: vendor quote
Dividend Yield (Forward)
2.68%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.06
Forward (annualized): $4.12
Payout Ratio (EPS, TTM)
59.7%
Payout Ratio (FCF, TTM)
72.8%
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.1%5Y2.8%10Y3.3%
Consecutive Growth Years
23
as of 2025
Years Without a Cut
23
as of 2025
Total Shareholder Yield (TTM)
6.07%
Div 2.79% + Net buyback 3.28%
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)
6.1%
Dividends 2.8% + Net buybacks 3.3%
Net Buyback (TTM)
€17.71B
Gross €17.71B − Issuance €0
SBC (TTM)
€0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (4.2% latest vs 3.2% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 4.00 | +4.2% | 1 | |
| 2024 | 3.84 | +4.3% | 1 | |
| 2023 | 3.68 | +3.7% | 1 | |
| 2022 | 3.55 | +1.7% | 1 | |
| 2021 | 3.49 | +0.3% | 1 | |
| 2020 | 3.48 | +1.5% | 0 | |
| 2019 | 3.43 | +6.2% | 1 | |
| 2018 | 3.23 | +5.6% | 1 | |
| 2017 | 3.06 | +2.7% | 1 | |
| 2016 | 2.98 | +3.5% | 1 | |
| 2015 | 2.88 | +6.7% | 1 | |
| 2014 | 2.70 | +9.8% | 1 | |
| 2013 | 2.46 | +12.8% | 1 | |
| 2012 | 2.18 | +17.8% | 1 | |
| 2011 | 1.85 | +6.3% | 1 |
Special dividends are excluded from these figures. Based on 147 regular payments.
Payment history (148 payments · 1 special)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-12 | $1.03 | 0.0% | Cash | quarterly | - | 2026-02-12 | 2026-03-10 |
| 2025-11-14 | $1.03 | +4.0% | Cash | quarterly | - | 2025-11-14 | 2025-12-10 |
| 2025-08-15 | $0.99 | 0.0% | Cash | quarterly | - | 2025-08-15 | 2025-09-10 |
| 2025-05-15 | $0.99 | 0.0% | Cash | quarterly | - | 2025-05-15 | 2025-06-10 |
| 2025-02-12 | $0.99 | 0.0% | Cash | quarterly | - | 2025-02-12 | 2025-03-10 |
| 2024-11-14 | $0.99 | +4.2% | Cash | quarterly | - | 2024-11-14 | 2024-12-10 |
| 2024-08-15 | $0.95 | 0.0% | Cash | quarterly | - | 2024-08-15 | 2024-09-10 |
| 2024-05-14 | $0.95 | 0.0% | Cash | quarterly | - | 2024-05-15 | 2024-06-10 |
| 2024-02-13 | $0.95 | 0.0% | Cash | quarterly | - | 2024-02-14 | 2024-03-11 |
| 2023-11-14 | $0.95 | +4.4% | Cash | quarterly | - | 2023-11-15 | 2023-12-11 |
| 2023-08-15 | $0.91 | 0.0% | Cash | quarterly | - | 2023-08-16 | 2023-09-11 |
| 2023-05-15 | $0.91 | 0.0% | Cash | quarterly | - | 2023-05-16 | 2023-06-09 |
| 2023-02-13 | $0.91 | 0.0% | Cash | quarterly | - | 2023-02-14 | 2023-03-10 |
| 2022-11-14 | $0.91 | +3.4% | Cash | quarterly | - | 2022-11-15 | 2022-12-09 |
| 2022-08-11 | $0.88 | 0.0% | Cash | quarterly | - | 2022-08-12 | 2022-09-09 |
| 2022-05-12 | $0.88 | 0.0% | Cash | quarterly | - | 2022-05-13 | 2022-06-10 |
| 2022-02-09 | $0.88 | 0.0% | Cash | quarterly | - | 2022-02-10 | 2022-03-10 |
| 2021-11-10 | $0.88 | +1.1% | Cash | quarterly | - | 2021-11-12 | 2021-12-10 |
| 2021-08-12 | $0.87 | 0.0% | Cash | quarterly | - | 2021-08-13 | 2021-09-10 |
| 2021-05-12 | $0.87 | 0.0% | Cash | quarterly | - | 2021-05-13 | 2021-06-10 |
| 2021-02-09 | $0.87 | 0.0% | Cash | quarterly | - | 2021-02-10 | 2021-03-10 |
| 2020-11-11 | $0.87 | 0.0% | Cash | quarterly | - | 2020-11-12 | 2020-12-10 |
| 2020-08-12 | $0.87 | 0.0% | Cash | quarterly | - | 2020-08-13 | 2020-09-10 |
| 2020-05-12 | $0.87 | 0.0% | Cash | quarterly | - | 2020-05-13 | 2020-06-10 |
| 2020-02-10 | $0.87 | 0.0% | Cash | quarterly | - | 2020-02-11 | 2020-03-10 |
| 2019-11-08 | $0.87 | 0.0% | Cash | quarterly | - | 2019-11-12 | 2019-12-10 |
| 2019-08-12 | $0.87 | 0.0% | Cash | quarterly | - | 2019-08-13 | 2019-09-10 |
| 2019-05-10 | $0.87 | +6.1% | Cash | quarterly | - | 2019-05-13 | 2019-06-10 |
| 2019-02-08 | $0.82 | 0.0% | Cash | quarterly | - | 2019-02-11 | 2019-03-11 |
| 2018-11-09 | $0.82 | 0.0% | Cash | quarterly | - | 2018-11-13 | 2018-12-10 |
| 2018-08-10 | $0.82 | 0.0% | Cash | quarterly | - | 2018-08-13 | 2018-09-10 |
| 2018-05-11 | $0.82 | +6.5% | Cash | quarterly | - | 2018-05-14 | 2018-06-11 |
| 2018-02-09 | $0.77 | 0.0% | Cash | quarterly | - | 2018-02-12 | 2018-03-09 |
| 2017-11-10 | $0.77 | 0.0% | Cash | quarterly | - | 2017-11-13 | 2017-12-11 |
| 2017-08-10 | $0.77 | 0.0% | Cash | quarterly | - | 2017-08-14 | 2017-09-11 |
| 2017-05-10 | $0.77 | +2.7% | Cash | quarterly | - | 2017-05-12 | 2017-06-09 |
| 2017-02-08 | $0.75 | 0.0% | Cash | quarterly | - | 2017-02-10 | 2017-03-10 |
| 2016-11-08 | $0.75 | 0.0% | Cash | quarterly | - | 2016-11-10 | 2016-12-09 |
| 2016-08-10 | $0.75 | 0.0% | Cash | quarterly | - | 2016-08-12 | 2016-09-09 |
| 2016-05-11 | $0.75 | +2.7% | Cash | quarterly | - | 2016-05-13 | 2016-06-10 |
| 2016-02-09 | $0.73 | 0.0% | Cash | quarterly | - | 2016-02-11 | 2016-03-10 |
| 2015-11-09 | $0.73 | 0.0% | Cash | quarterly | - | 2015-11-12 | 2015-12-10 |
| 2015-08-11 | $0.73 | 0.0% | Cash | quarterly | - | 2015-08-13 | 2015-09-10 |
| 2015-05-11 | $0.73 | +5.8% | Cash | quarterly | - | 2015-05-13 | 2015-06-10 |
| 2015-02-06 | $0.69 | 0.0% | Cash | quarterly | - | 2015-02-10 | 2015-03-10 |
| 2014-11-07 | $0.69 | 0.0% | Cash | quarterly | - | 2014-11-12 | 2014-12-10 |
| 2014-08-11 | $0.69 | 0.0% | Cash | quarterly | - | 2014-08-13 | 2014-09-10 |
| 2014-05-09 | $0.69 | +9.5% | Cash | quarterly | - | 2014-05-13 | 2014-06-10 |
| 2014-02-06 | $0.63 | 0.0% | Cash | quarterly | - | 2014-02-10 | 2014-03-10 |
| 2013-11-07 | $0.63 | 0.0% | Cash | quarterly | - | 2013-11-12 | 2013-12-10 |
| 2013-08-09 | $0.63 | 0.0% | Cash | quarterly | - | 2013-08-13 | 2013-09-10 |
| 2013-05-09 | $0.63 | +10.5% | Cash | quarterly | - | 2013-05-13 | 2013-06-10 |
| 2013-02-07 | $0.57 | 0.0% | Cash | quarterly | - | 2013-02-11 | 2013-03-11 |
| 2012-11-07 | $0.57 | 0.0% | Cash | quarterly | - | 2012-11-09 | 2012-12-10 |
| 2012-08-09 | $0.57 | 0.0% | Cash | quarterly | - | 2012-08-13 | 2012-09-10 |
| 2012-05-10 | $0.57 | +21.3% | Cash | quarterly | - | 2012-05-14 | 2012-06-11 |
| 2012-02-08 | $0.47 | 0.0% | Cash | quarterly | - | 2012-02-10 | 2012-03-09 |
| 2011-11-08 | $0.47 | 0.0% | Cash | quarterly | - | 2011-11-10 | 2011-12-09 |
| 2011-08-10 | $0.47 | 0.0% | Cash | quarterly | - | 2011-08-12 | 2011-09-09 |
| 2011-05-11 | $0.47 | +6.8% | Cash | quarterly | - | 2011-05-13 | 2011-06-10 |
| 2011-02-08 | $0.44 | 0.0% | Cash | quarterly | - | 2011-02-10 | 2011-03-10 |
| 2010-11-09 | $0.44 | 0.0% | Cash | quarterly | - | 2010-11-12 | 2010-12-10 |
| 2010-08-11 | $0.44 | 0.0% | Cash | quarterly | - | 2010-08-13 | 2010-09-10 |
| 2010-05-11 | $0.44 | +4.8% | Cash | annual | - | 2010-05-13 | 2010-06-10 |
| 2010-02-08 | $0.42 | 0.0% | Cash | quarterly | - | 2010-02-10 | 2010-03-10 |
| 2009-11-09 | $0.42 | 0.0% | Cash | quarterly | - | 2009-11-12 | 2009-12-10 |
| 2009-08-11 | $0.42 | 0.0% | Cash | quarterly | - | 2009-08-13 | 2009-09-10 |
| 2009-05-11 | $0.42 | +5.0% | Cash | quarterly | - | 2009-05-13 | 2009-06-10 |
| 2009-02-06 | $0.4 | 0.0% | Cash | quarterly | - | 2009-02-10 | 2009-03-10 |
| 2008-11-07 | $0.4 | 0.0% | Cash | quarterly | - | 2008-11-12 | 2008-12-10 |
| 2008-08-11 | $0.4 | 0.0% | Cash | quarterly | - | 2008-08-13 | 2008-09-10 |
| 2008-05-09 | $0.4 | +14.3% | Cash | quarterly | - | 2008-05-13 | 2008-06-10 |
| 2008-02-07 | $0.35 | 0.0% | Cash | quarterly | - | 2008-02-11 | 2008-03-10 |
| 2007-11-07 | $0.35 | 0.0% | Cash | quarterly | - | 2007-11-09 | 2007-12-10 |
| 2007-08-09 | $0.35 | 0.0% | Cash | quarterly | - | 2007-08-13 | 2007-09-10 |
| 2007-05-10 | $0.35 | +9.4% | Cash | quarterly | - | 2007-05-14 | 2007-06-11 |
| 2007-02-07 | $0.32 | 0.0% | Cash | quarterly | - | 2007-02-09 | 2007-03-09 |
| 2006-11-09 | $0.32 | 0.0% | Cash | quarterly | - | 2006-11-13 | 2006-12-11 |
| 2006-08-10 | $0.32 | 0.0% | Cash | quarterly | - | 2006-08-14 | 2006-09-11 |
| 2006-05-10 | $0.32 | 0.0% | Cash | quarterly | - | 2006-05-12 | 2006-06-09 |
| 2006-02-08 | $0.32 | +10.3% | Cash | quarterly | - | 2006-02-10 | 2006-03-10 |
| 2005-11-08 | $0.29 | 0.0% | Cash | quarterly | - | 2005-11-10 | 2005-12-09 |
| 2005-08-10 | $0.29 | 0.0% | Cash | quarterly | - | 2005-08-12 | 2005-09-09 |
| 2005-05-11 | $0.29 | +7.4% | Cash | quarterly | - | 2005-05-13 | 2005-06-10 |
| 2005-02-08 | $0.27 | 0.0% | Cash | quarterly | - | 2005-02-10 | 2005-03-10 |
| 2004-11-09 | $0.27 | 0.0% | Cash | quarterly | - | 2004-11-12 | 2004-12-10 |
| 2004-08-11 | $0.27 | 0.0% | Cash | quarterly | - | 2004-08-13 | 2004-09-10 |
| 2004-05-11 | $0.27 | +8.0% | Cash | quarterly | - | 2004-05-13 | 2004-06-10 |
| 2004-02-09 | $0.25 | 0.0% | Cash | quarterly | - | 2004-02-11 | 2004-03-10 |
| 2003-11-07 | $0.25 | 0.0% | Cash | quarterly | - | 2003-11-12 | 2003-12-10 |
| 2003-08-11 | $0.25 | 0.0% | Cash | quarterly | - | 2003-08-13 | 2003-09-10 |
| 2003-05-09 | $0.25 | +8.7% | Cash | quarterly | - | 2003-05-13 | 2003-06-10 |
| 2003-02-06 | $0.23 | 0.0% | Cash | quarterly | - | 2003-02-10 | 2003-03-10 |
| 2002-11-07 | $0.23 | 0.0% | Cash | quarterly | - | 2002-11-12 | 2002-12-10 |
| 2002-08-09 | $0.23 | 0.0% | Cash | quarterly | - | 2002-08-13 | 2002-09-10 |
| 2002-05-09 | $0.23 | 0.0% | Cash | quarterly | - | 2002-05-13 | 2002-06-10 |
| 2002-02-07 | $0.23 | 0.0% | Cash | quarterly | - | 2002-02-11 | 2002-03-11 |
| 2001-11-07 | $0.23 | 0.0% | Cash | quarterly | - | 2001-11-09 | 2001-12-10 |
| 2001-08-09 | $0.23 | -47.7% | Cash | quarterly | - | 2001-08-13 | 2001-09-10 |
| 2001-06-18 | $0.02 | – | Special | — | - | 2001-06-20 | 2001-07-11 |
| 2001-05-10 | $0.44 | 0.0% | Cash | quarterly | - | 2001-05-14 | 2001-06-11 |
| 2001-02-07 | $0.44 | 0.0% | Cash | quarterly | - | 2001-02-09 | 2001-03-09 |
| 2000-11-09 | $0.44 | 0.0% | Cash | quarterly | - | 2000-11-13 | 2000-12-11 |
| 2000-08-10 | $0.44 | 0.0% | Cash | quarterly | - | 2000-08-14 | 2000-09-11 |
| 2000-05-11 | $0.44 | 0.0% | Cash | quarterly | - | 2000-05-15 | 2000-06-10 |
| 2000-02-09 | $0.44 | 0.0% | Cash | quarterly | - | 2000-02-11 | 2000-03-10 |
| 1999-11-09 | $0.44 | +7.3% | Cash | quarterly | - | 1999-11-12 | 1999-12-10 |
| 1999-08-11 | $0.41 | 0.0% | Cash | quarterly | - | 1999-08-13 | 1999-09-10 |
| 1999-05-10 | $0.41 | 0.0% | Cash | quarterly | - | 1999-05-12 | 1999-06-10 |
| 1999-02-08 | $0.41 | 0.0% | Cash | quarterly | - | 1999-02-10 | 1999-03-10 |
| 1998-11-09 | $0.41 | 0.0% | Cash | quarterly | - | 1998-11-12 | 1998-12-10 |
| 1998-08-11 | $0.41 | 0.0% | Cash | quarterly | - | 1998-08-13 | 1998-09-10 |
| 1998-05-11 | $0.41 | 0.0% | Cash | quarterly | - | 1998-05-13 | 1998-06-10 |
| 1998-02-06 | $0.41 | 0.0% | Cash | quarterly | - | 1998-02-10 | 1998-03-10 |
| 1997-11-07 | $0.41 | 0.0% | Cash | quarterly | - | 1997-11-12 | 1997-12-10 |
| 1997-08-11 | $0.41 | 0.0% | Cash | quarterly | - | 1997-08-13 | 1997-09-10 |
| 1997-05-09 | $0.41 | -48.1% | Cash | quarterly | - | 1997-05-13 | 1997-06-10 |
| 1997-02-06 | $0.79 | 0.0% | Cash | quarterly | - | 1997-02-10 | 1997-03-10 |
| 1996-11-07 | $0.79 | 0.0% | Cash | quarterly | - | 1996-11-12 | 1996-12-10 |
| 1996-08-09 | $0.79 | 0.0% | Cash | quarterly | - | 1996-08-13 | 1996-09-10 |
| 1996-05-09 | $0.79 | +5.3% | Cash | quarterly | - | 1996-05-13 | 1996-06-10 |
| 1996-02-08 | $0.75 | 0.0% | Cash | quarterly | - | 1996-02-12 | 1996-03-11 |
| 1995-11-09 | $0.75 | 0.0% | Cash | quarterly | - | 1995-11-13 | 1995-12-11 |
| 1995-08-10 | $0.75 | 0.0% | Cash | quarterly | - | 1995-08-14 | 1995-09-11 |
| 1995-05-09 | $0.75 | 0.0% | Cash | quarterly | - | 1995-05-15 | 1995-06-10 |
| 1995-02-06 | $0.75 | 0.0% | Cash | quarterly | - | 1995-02-10 | 1995-03-10 |
| 1994-11-07 | $0.75 | +4.2% | Cash | quarterly | - | 1994-11-14 | 1994-12-10 |
| 1994-08-09 | $0.72 | 0.0% | Cash | quarterly | - | 1994-08-15 | 1994-09-10 |
| 1994-05-09 | $0.72 | 0.0% | Cash | quarterly | - | 1994-05-13 | 1994-06-10 |
| 1994-02-04 | $0.72 | 0.0% | Cash | quarterly | - | 1994-02-10 | 1994-03-10 |
| 1993-11-05 | $0.72 | 0.0% | Cash | quarterly | - | 1993-11-12 | 1993-12-10 |
| 1993-08-09 | $0.72 | 0.0% | Cash | quarterly | - | 1993-08-13 | 1993-09-10 |
| 1993-05-07 | $0.72 | 0.0% | Cash | quarterly | - | 1993-05-13 | 1993-06-10 |
| 1993-02-04 | $0.72 | 0.0% | Cash | quarterly | - | 1993-02-10 | 1993-03-10 |
| 1992-11-05 | $0.72 | 0.0% | Cash | quarterly | - | 1992-11-12 | 1992-12-10 |
| 1992-08-07 | $0.72 | 0.0% | Cash | quarterly | - | 1992-08-13 | 1992-09-10 |
| 1992-05-07 | $0.72 | +7.5% | Cash | quarterly | - | 1992-05-13 | 1992-06-10 |
| 1992-02-05 | $0.67 | 0.0% | Cash | quarterly | - | 1992-02-11 | 1992-03-10 |
| 1991-11-05 | $0.67 | 0.0% | Cash | quarterly | - | 1991-11-12 | 1991-12-10 |
| 1991-08-07 | $0.67 | 0.0% | Cash | quarterly | - | 1991-08-13 | 1991-09-10 |
| 1991-05-07 | $0.67 | 0.0% | Cash | quarterly | - | 1991-05-13 | 1991-06-10 |
| 1991-02-05 | $0.67 | 0.0% | Cash | quarterly | - | 1991-02-11 | 1991-03-11 |
| 1990-11-05 | $0.67 | +11.7% | Cash | quarterly | - | 1990-11-12 | 1990-12-10 |
| 1990-08-07 | $0.6 | 0.0% | Cash | quarterly | - | 1990-08-13 | 1990-09-10 |
| 1990-05-08 | $0.6 | 0.0% | Cash | quarterly | - | 1990-05-14 | 1990-06-11 |
| 1990-02-06 | $0.6 | 0.0% | Cash | quarterly | - | 1990-02-12 | 1990-03-10 |
| 1989-11-07 | $0.6 | 0.0% | Cash | quarterly | - | 1989-11-13 | 1989-12-11 |
| 1989-08-08 | $0.6 | – | Cash | quarterly | - | 1989-08-14 | 1989-09-11 |
Amounts are in the declared currency; the listing currency is EUR.
No splits on record.