Trailing Dividend / Share
$0.71
Macy's, Inc. (M) Dividend History
Income profile from 2003 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.1%
Payout Ratio
30.7%
Sustainable
Dividend Streak
4 years
M Dividend Income Check
Safety
30.7% payout ratio with sustainable safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 6.5% and trend is rising.
M Dividend Scorecard
Yield & Income
Dividend Yield3.1%
Trailing DPS$0.71
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout30.7%
Earnings SafetySustainable
FCF Payout12.5%
FCF SafetyWell Covered
Piotroski F-Score7/9
Growth
Growth Streak4 years
3Y CAGR5.0%
5Y CAGR14.1%
Yield on Cost (5Y)6.5%
YOC Trendrising
Total Returns
Buyback Yield4.1%
Total Shareholder Yield7.2%
1Y Total Return91.8%
5Y Total Return54.5%
Div Contribution (5Y)19.8%
Estimated $10K growth (return + dividends):
5Y ago$14,77610Y ago$10,72420Y ago$11,450
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). M's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
M Income Growth Story
Dividend per share and yield on cost over time (24 years of payments)
M Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Macy's, Inc. distributes 30.7% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 12.5%, rated "Well Covered".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
M has raised its dividend for 4 consecutive years, with a 3-year CAGR of 5.0% and 5-year CAGR of 14.1%.
Total Shareholder Returns
Beyond cash dividends, M returns capital through share repurchases. The combined picture: 3.1% dividend yield, 4.1% buyback yield, 7.2% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 6.5% and is currently rising. The 5-year total return is 54.5%, with dividends contributing 19.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $10,724 today.
M Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$3.40
Avg/Payment$0.1700
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 15, 2026Latest | $0.1915 | — | 3.03% | Jul 1, 2026 |
| Mar 13, 2026 | $0.1915 | ↑ +5.0% | 4.33% | Apr 1, 2026 |
| Dec 15, 2025 | $0.1824 | — | 3.06% | Jan 2, 2026 |
| Sep 15, 2025 | $0.1824 | — | 4.13% | Oct 1, 2025 |
| Jun 13, 2025 | $0.1824 | — | 6.34% | Jul 1, 2025 |
| Mar 14, 2025 | $0.1824 | ↑ +5.0% | 5.38% | Apr 1, 2025 |
| Dec 13, 2024 | $0.1737 | — | 4.20% | Jan 2, 2025 |
| Sep 13, 2024 | $0.1737 | — | 4.58% | Oct 1, 2024 |
M Dividend vs Peers
Comparable companies in the same industry
#3 yield in peer group
Div Yield
3.1%
#3 of 7
Safety
Sustainable
30.7% payout
Streak
4Y
14.1% 5Y CAGR
Total Shareholder
7.2%
#4 of 7
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
3rd MMacy's, Inc. | $6.1B | 3.1% | 30.7% | 4 | Sustainable |
 KSSKohl's Corporation | $1.9B | 2.9% | 20.6% | 0 | Sustainable |
2nd  DDSDillard's, Inc. | $8.1B | 6.0% | 85.0% | 13 | Watch |
1st  BKEThe Buckle, Inc. | $2.2B | 10.4% | 1.1% | 0 | Sustainable |
 TJXThe TJX Companies, I… | $170.6B | 1.1% | 33.5% | 5 | Sustainable |
 ROSTRoss Stores, Inc. | $69.4B | 0.8% | 24.6% | 32 | Sustainable |
 PVHPVH Corp. | $3.6B | 0.2% | 29.6% | 0 | Sustainable |
M Annual Dividend History (1992–2026)
35 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.38 | — | 2 | — | — | — | 3.4% |
| 2025 | $0.73 | 5.0% | 4 | $2.32 | 31.4% | 3.18x | 6.5% |
| 2024 | $0.69 | 5.0% | 4 | $2.07 | 33.6% | 2.98x | 6.2% |
| 2023 | $0.66 | 5.0% | 4 | $0.16 | 413.5% | 0.24x | 5.9% |
| 2022 | $0.63 | 110.0% | 4 | $4.19 | 15.0% | 6.65x | 5.6% |
| 2021 | $0.30 | -20.5% | 2 | $4.55 | 6.6% | 15.17x | 2.7% |
| 2020 | $0.38 | -75.0% | 1 | $-12.68 | — | — | 3.4% |
| 2019 | $1.51 | 0.0% | 4 | $1.81 | 83.4% | 1.20x | 13.5% |
| 2018 | $1.51 | 0.0% | 4 | $3.56 | 42.4% | 2.36x | 13.5% |
| 2017 | $1.51 | 1.2% | 4 | $5.10 | 29.6% | 3.38x | 13.5% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
23+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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M — Frequently Asked Questions
Quick answers to the most common questions about buying M stock.
How much dividend does M pay per share?
Macy's, Inc. (M) pays a trailing 12-month dividend of $0.71 per share, with a current dividend yield of +3.1%. Payments are made Semi-Annual.
When is M's next ex-dividend date?
M's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. M typically pays dividends Semi-Annual.
Is M's dividend safe?
M's dividend safety is rated "Sustainable" based on an earnings payout ratio of +30.7% and FCF payout ratio of +12.5%. The 4-year growth streak provides moderate confidence.
Is M a Dividend Payer?
Yes, Macy's, Inc. is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is +14.1%, demonstrating above-inflation dividend growth.
How often does M pay dividends?
Macy's, Inc. pays dividends Semi-Annual. The trailing 12-month total is $0.71 per share. Dividend data on this page covers 23+ years from 2003 to 2026.
How much would $10,000 invested in M grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in M five years ago would be worth approximately $14,776 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is M's yield on cost for long-term holders?
M's yield on cost — the current dividend divided by the original purchase price — is +6.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.1% market yield, thanks to consistent dividend growth.