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M Macy's dividend history, payout ratio & dates

Macy's most recent dividend payment of $0.174 per share was made to shareholders on record before Sep 13, 2024. The payout stands at $0.69 per share annually, which works out to a dividend yield of 4.47%.

Key dates

  • M last dividend date: Sep 13, 2024
M dividend stats
DPS
$0.69
Dividend yield
4.34%
Payout ratio
104.1%
vs. Consumer Cyclical sector
Dividend yield
2.43%
Payout ratio
38.6%

Dividend yield

What is Macy's current dividend yield

Macy's dividend yield of 4.47% is higher than the Consumer Cyclical sector, the industry and its peers average. If we compare it with the Consumer Cyclical sector average of 2.43%, Macy's dividend yield is 84% higher. Historically M's dividend yield has averaged at 4.8% in the last 5 years, which is more than the current one.

Dividend history

What is M dividend payout history and dates

Macy's has been paying dividends for the last 21 years. According to our data M has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 5% for the last year. However since the stock price has gone up by 46% from a year ago, the dividend yield has decreased by 28%.

Recent dividends

Ex-date Amount Yield (TTM)
Sep 13, 2024 $0.174 4.58%
Jun 14, 2024 $0.174 3.69%
Mar 14, 2024 $0.174 3.12%
Dec 14, 2023 $0.165 3.37%
Sep 14, 2023 $0.165 5.75%
Jun 14, 2023 $0.165 4.07%
Mar 14, 2023 $0.165 3.41%
Dec 14, 2022 $0.158 2.9%
Sep 14, 2022 $0.158 3.75%
Jun 14, 2022 $0.158 2.82%
Mar 14, 2022 $0.158 1.92%
Dec 14, 2021 $0.15 1.16%
Sep 14, 2021 $0.15 0.72%
Mar 12, 2020 $0.378 20.46%
Dec 12, 2019 $0.378 9.61%
Sep 12, 2019 $0.378 8.88%
Jun 13, 2019 $0.378 6.94%
Mar 14, 2019 $0.378 6.39%
Dec 13, 2018 $0.378 4.9%
Sep 13, 2018 $0.378 4.22%
Jun 14, 2018 $0.378 4.02%
Mar 14, 2018 $0.378 5.17%
Dec 14, 2017 $0.378 6.09%
Sep 14, 2017 $0.378 6.86%
Jun 13, 2017 $0.378 6.78%
Mar 13, 2017 $0.378 4.89%
Dec 13, 2016 $0.378 3.67%
Sep 13, 2016 $0.378 4.25%
Jun 13, 2016 $0.378 4.61%
Mar 11, 2016 $0.36 3.25%
Dec 11, 2015 $0.36 3.79%
Sep 11, 2015 $0.36 2.31%
Jun 11, 2015 $0.36 1.88%
Mar 11, 2015 $0.313 2%

Macy's dividend payout ratio

What is Macy's dividend payout ratio compared to the sector

Payout ratio

Macy's payout ratio of 104.1% is above the Consumer Cyclical sector, the industry and its peers average. Compared to its Consumer Cyclical sector average of 38.6%, Macy's payout ratio is 170% higher.

Total amount of dividends paid per financial year (from cash flow)

M dividend vs peer dividends

How does M dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
KSS KOHLS Corp 10% $2 77.5%
DDS Dillard'S Inc 5.63% $21 51.8%
M Macy's Inc 4.34% $0.69 104.1%
JWN Nordstrom Inc 3.2% $0.76 43.7%
TGT Target Corp 2.75% $4.42 45.5%
TJX Tjx Companies Inc 1.2% $1.42 33.9%

Frequently asked questions

Does Macy's pay a dividend?

Yes, Macy's has paid four dividends in the last 12 months. M has been paying dividends since 2004.

When was M's last dividend?

Macy's last regular dividend was on Sep 13, 2024 (ex-date) with the amount of $0.174 per share.

How much dividend does Macy's pay (per share)?

M has paid dividend of $0.69 per share in the last year.

What is Macy's dividend yield?

Currently Macy's dividend yield is 4.47%.

How often does Macy's pay dividends?

Macy's pays dividends quarterly.

What is Macy's dividend payout ratio?

Macy's dividend payout ratio is 104.1%.

Does Macy's pay a good dividend?

Macy's dividend yield is more than the Consumer Cyclical sector average.

Special dividends are included in TTM DPS and yield. Data from and Sharadar.