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 4.22%.
Key dates
- M last dividend date: Sep 13, 2024
M dividend stats
vs. Consumer Cyclical sector
Dividend yield
Macy's dividend yield of 4.22% is higher than the Consumer Cyclical sector, the industry and its peers average. If we compare it with the Consumer Cyclical sector average of 2.44%, Macy's dividend yield is 73% 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
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 42% from a year ago, the dividend yield has decreased by 26%.
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
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
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| KSS KOHLS Corp | 9.99% | $2 | 77.5% |
| DDS Dillard'S Inc | 5.42% | $21 | 51.8% |
| M Macy's Inc | 4.22% | $0.69 | 104.1% |
| JWN Nordstrom Inc | 3.11% | $0.76 | 43.7% |
| TGT Target Corp | 2.84% | $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 4.22%.
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.