M Dividend History & Analysis | 4.8% Yield

M has a dividend yield of 4.8% and paid 0.73 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 4.81%
Payout Ratio 30.9%
Growth Rate CAGR 5y 24.81%
Consistency Lifetime 92.6%
Yield on Cost 5y 6.88%
Payout FCF 18.1%
Streak Years 23
Dividend Rating 83.55%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 64.3%
Total Return 5y: 105.4%

Top Dividend Payers in Broadline Retail

Top 2 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
DDS 10,634 M 4.63% 7.17%
EBAY 41,546 M 1.51% 2.22%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
BABA 408,065 M 42.1% 100%
MNSO 5,956 M 41.0% 100%
EBAY 41,546 M 12.7% 100%
DDS 10,634 M 18.6% 93.2%
VIPS 8,982 M 11.6% 100%

Quality Dividend Peers in Broadline Retail

DDS
Dillard's
 4.63% Yield

M Dividend History: Last 50 Payments (USD) as of January 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-15 2025-12-15 2026-01-02 Quarterly 0.182 0% 0.76%
2025-09-15 2025-09-15 2025-10-01 Quarterly 0.182 0% 1.08%
2025-06-13 2025-06-13 2025-07-01 Quarterly 0.182 0% 1.58%
2025-03-14 2025-03-14 2025-04-01 Quarterly 0.182 4.6% 1.33%
2024-12-13 2024-12-13 2025-01-02 Quarterly 0.174 0% 1.07%
2024-09-13 2024-09-13 2024-10-01 Quarterly 0.174 0% 1.18%
2024-06-14 2024-06-14 2024-07-01 Quarterly 0.174 0% 0.93%
2024-03-14 2024-03-15 2024-04-01 Quarterly 0.174 5.5% 0.82%
2023-12-14 2023-12-15 2024-01-02 Quarterly 0.165 0% 0.83%
2023-09-14 2023-09-15 2023-10-02 Quarterly 0.165 0% 1.46%
2023-06-14 2023-06-15 2023-07-03 Quarterly 0.165 0% 1.01%
2023-03-14 2023-03-15 2023-04-03 Quarterly 0.165 4.4% 0.87%
2022-12-14 2022-12-15 2023-01-03 Quarterly 0.158 0% 0.74%
2022-09-14 2022-09-15 2022-10-03 Quarterly 0.158 0% 0.93%
2022-06-14 2022-06-15 2022-07-01 Quarterly 0.158 0% 0.74%
2022-03-14 2022-03-15 2022-04-01 Quarterly 0.158 5.3% 0.67%
2021-12-14 2021-12-15 2022-01-03 Quarterly 0.15 0% 0.61%
2021-09-14 2021-09-15 2021-10-01 Quarterly 0.15 -60.3% 0.72%
2020-03-12 2020-03-13 2020-04-01 Quarterly 0.378 0% N/A
2019-12-12 2019-12-13 2020-01-02 Quarterly 0.378 0% N/A
2019-09-12 2019-09-13 2019-10-01 Quarterly 0.378 0% N/A
2019-06-13 2019-06-14 2019-07-01 Quarterly 0.378 0% N/A
2019-03-14 2019-03-15 2019-04-01 Quarterly 0.378 0% N/A
2018-12-13 2018-12-14 2019-01-02 Quarterly 0.378 0% N/A
2018-09-13 2018-09-14 2018-10-01 Quarterly 0.378 0% N/A
2018-06-14 2018-06-15 2018-07-02 Quarterly 0.378 0% N/A
2018-03-14 2018-03-15 2018-04-02 Quarterly 0.378 0% N/A
2017-12-14 2017-12-15 2018-01-02 Quarterly 0.378 0% N/A
2017-09-14 2017-09-15 2017-10-02 Quarterly 0.378 0% N/A
2017-06-13 2017-06-15 2017-07-03 Quarterly 0.378 0% N/A
2017-03-13 2017-03-15 2017-04-03 Quarterly 0.378 0% N/A
2016-12-13 2016-12-15 2017-01-03 Quarterly 0.378 0% N/A
2016-09-13 2016-09-15 2016-10-03 Quarterly 0.378 0% N/A
2016-06-13 2016-06-15 2016-07-01 Quarterly 0.378 5% N/A
2016-03-11 2016-03-15 2016-04-01 Quarterly 0.36 0% N/A
2015-12-11 2015-12-15 2016-01-04 Quarterly 0.36 0% N/A
2015-09-11 2015-09-15 2015-10-01 Quarterly 0.36 0% N/A
2015-06-11 2015-06-15 2015-07-01 Quarterly 0.36 15% N/A
2015-03-11 2015-03-13 2015-04-01 Quarterly 0.313 0% N/A
2014-12-11 2014-12-15 2015-01-02 Quarterly 0.313 0% N/A
2014-09-11 2014-09-15 2014-10-01 Quarterly 0.313 0% N/A
2014-06-11 2014-06-13 2014-07-01 Quarterly 0.313 25.2% N/A
2014-03-12 2014-03-14 2014-04-01 Quarterly 0.25 0% N/A
2013-12-11 2013-12-13 2014-01-02 Quarterly 0.25 0% N/A
2013-09-11 2013-09-13 2013-10-01 Quarterly 0.25 0% N/A
2013-06-12 2013-06-14 2013-07-01 Quarterly 0.25 25% N/A
2013-03-13 2013-03-15 2013-04-01 Quarterly 0.2 0% N/A
2012-12-12 2012-12-14 2013-01-02 Quarterly 0.2 0% N/A
2012-09-12 2012-09-14 2012-10-01 Quarterly 0.2 0% N/A
2012-06-13 2012-06-15 2012-07-02 Quarterly 0.2 0% N/A

M Dividend FAQ

Macy’s, Inc. (NYSE:M) is an omni-channel retailer operating department stores, e-commerce sites and mobile apps across the United States under the Macy’s, Bloomingdale’s and Bluemercury brands. The company also licenses its name in Dubai (UAE) and Al Zahra (Kuwait). Founded in 1830 and headquartered in New York, it rebranded from Federated Department Stores in 2007 and now competes in the Broadline Retail sub-industry.

What is the Dividend Yield of M?

As of January 2026, M`s dividend yield is 4.81%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.73 USD by the current share price of 21.74.

Does M pay a dividend?

As of January 2026, M paid a dividend of 0.73 USD in the last 12 months. The last dividend was paid on 2025-12-15 and the payout was 0.182 USD.

How often does M pay dividends?

M pays dividends quarterly. Over the last 12 months, M has issued 4 dividend payments. The last dividend payment was made on 2025-12-15.

M dividend forecast

Based on historical data, the forecasted dividends per share for M for the next 4 payments are between 0.176 (-3.3%) and 0.185 (+1.6%).
This suggests the dividend will remain relatively stable.

Will M pay dividends in 2026?

The latest dividend paid per share was 0.182 USD with an Ex-Dividend Date of 2025-12-15. The next Ex-Dividend date for Macy’s (M) is currently unknown.

What is the next Ex-Dividend Date for M?

The next Ex-Dividend date for Macy’s (M) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of M?

M's average dividend growth rate over the past 5 years is 24.8% per year.
Strong growth: M's Dividend growth is outpacing inflation.

What is the Yield on Cost of M?

M's 5-Year Yield on Cost is 6.88%. If you bought M's shares at 10.58 USD five years ago, your current annual dividend income (0.73 USD per share, trailing 12 months) equals 6.88% of your original purchase price.

What is the Payout Consistency of M?

M Payout Consistency is 92.6%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Very consistent: Macy’s has a strong track record of consistent dividend payments over its lifetime.

Does M have a good Dividend Yield?

M`s 4.81% Dividend Yield is considered as good. Make sure the dividend is sustainable: Check the Payouts-Ratio over time.

What is the Dividend Payout Ratio of M?

The Dividend Payout Ratio of M is 30.9%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of M?

M`s Overall Dividend Rating is 83.55%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

M Outstanding Shares Analysis

What is the Trend in M's Outstanding Shares?

Macy’s's outstanding shares have decreased by approximately 0.54% annually over the past 3 years (Trend Reliability: -33.3%).

Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

Has M ever had a Stock Split?

Yes, the last stock split was on Jun 12, 2006 with a ratio of 2:1.

This was a forward split: Each share became 2 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

Year Number of Shares Annual Growth Rate
1992 252,800,000
1993 253,750,000 +0.38%
1994 253,142,900 -0.24%
1995 386,666,700 +52.75%
1996 418,000,000 +8.1%
1997 447,234,000 +6.99%
1998 435,000,000 -2.74%
1999 439,285,700 +0.99%
2000 402,200,000 -8.44%
2001 389,200,000 -3.23%
2002 391,800,000 +0.67%
2003 371,400,000 -5.21%
2004 348,800,000 -6.09%
2005 487,000,000 +39.62%
2006 549,900,000 +12.92%
2007 438,100,000 -20.33%
2008 421,650,000 -3.75%
2009 421,800,000 +0.04%
2010 427,600,000 +1.38%
2011 431,800,000 +0.98%
2012 407,900,000 -5.53%
2013 380,200,000 -6.79%
2014 357,700,000 -5.92%
2015 329,700,000 -7.83%
2016 310,600,000 -5.79%
2017 306,500,000 -1.32%
2018 312,200,000 +1.86%
2019 311,000,000 -0.38%
2020 311,200,000 +0.06%
2021 313,800,000 +0.84%
2022 277,700,000 -11.5%
2023 277,600,000 -0.04%
2024 281,500,000 +1.4%
2025 274,600,000 -2.45%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-01-16 02:39