Macy's, Inc. (M) Dividend History
M latest dividend
The next dividend has not been announced yet.
- 3 yearsof dividend increases
- 2003paying since
- Quarterly4 payments a year
- +14.0%5-year growth a year
- 3.21%forward yield
M dividend income calculator
- Dividend income a year
- $77
- Each payment
- $19
- Value of the shares
- $2,400
- Dividend yield
- 3.21%
At the latest close; forward annual dividend $0.77 per share, before tax.
M dividends per share by year
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
M dividend safety
Descriptive bands, not a rating.
M yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $17.82 | 4.32% | $0.76 | 4.3% |
| 3 years ago | $11.42 | 6.74% | $2.17 | 19.0% |
| 5 years ago | $28.25 | 2.73% | $3.44 | 12.2% |
| 10 years ago | $35.20 | 2.19% | $8.88 | 25.2% |
| 20 years ago | $44.49 | 1.73% | $16.26 | 36.5% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
M dividend payments
Each bar is one payment, by ex-dividend month (last 40 payments).
M dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $0.73 | +4.6% | 3.30% | 4 |
| 2024 | $0.70 | +5.5% | 4.11% | 4 |
| 2023 | $0.66 | +4.4% | 3.28% | 4 |
| 2022 | $0.63 | — | 3.06% | 4 |
| 2021 | $0.30 | — | 1.15% | 2 |
| 2020 | $0.38 | −75.0% | 3.36% | 1 |
| 2019 | $1.51 | 0.0% | 8.89% | 4 |
| 2018 | $1.51 | 0.0% | 5.08% | 4 |
| 2017 | $1.51 | +1.2% | 6.00% | 4 |
| 2016 | $1.49 | +7.3% | 4.17% | 4 |
| 2015 | $1.39 | +17.2% | 3.98% | 4 |
| 2014 | $1.19 | +25.2% | 1.81% | 4 |
| 2013 | $0.95 | +18.7% | 1.78% | 4 |
| 2012 | $0.80 | +128.6% | 2.05% | 4 |
| 2011 | $0.35 | +75.0% | 1.09% | 4 |
| 2010 | $0.20 | 0.0% | 0.79% | 4 |
| 2009 | $0.20 | −62.2% | 1.19% | 4 |
| 2008 | $0.53 | +2.1% | 5.11% | 4 |
| 2007 | $0.52 | +1.8% | 2.00% | 4 |
| 2006 | $0.51 | — | 1.33% | 4 |
M dividend history
89 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-15 | 2026-10-01 | $0.192 | — | Quarterly |
| 2026-06-15 | 2026-07-01 | $0.192 | — | Quarterly |
| 2026-03-13 | 2026-04-01 | $0.192 | +5.5% | Quarterly |
| 2025-12-15 | 2026-01-02 | $0.182 | — | Quarterly |
| 2025-09-15 | 2025-10-01 | $0.182 | — | Quarterly |
| 2025-06-13 | 2025-07-01 | $0.182 | — | Quarterly |
| 2025-03-14 | 2025-04-01 | $0.182 | +4.6% | Quarterly |
| 2024-12-13 | 2025-01-02 | $0.174 | — | Quarterly |
| 2024-09-13 | 2024-10-01 | $0.174 | — | Quarterly |
| 2024-06-14 | 2024-07-01 | $0.174 | — | Quarterly |
| 2024-03-14 | 2024-04-01 | $0.174 | +5.5% | Quarterly |
| 2023-12-14 | 2024-01-02 | $0.165 | — | Quarterly |
| 2023-09-14 | 2023-10-02 | $0.165 | — | Quarterly |
| 2023-06-14 | 2023-07-03 | $0.165 | — | Quarterly |
| 2023-03-14 | 2023-04-03 | $0.165 | +4.4% | Quarterly |
| 2022-12-14 | 2023-01-03 | $0.158 | — | Quarterly |
Show all 89 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-09-14 | 2022-10-03 | $0.158 | — | Quarterly |
| 2022-06-14 | 2022-07-01 | $0.158 | — | Quarterly |
| 2022-03-14 | 2022-04-01 | $0.158 | +5.3% | Quarterly |
| 2021-12-14 | 2022-01-03 | $0.15 | — | Quarterly |
| 2021-09-14 | 2021-10-01 | $0.15 | −60.3% | Quarterly |
| 2020-03-12 | 2020-04-01 | $0.378 | — | Quarterly |
| 2019-12-12 | 2020-01-02 | $0.378 | — | Quarterly |
| 2019-09-12 | 2019-10-01 | $0.378 | — | Quarterly |
| 2019-06-13 | 2019-07-01 | $0.378 | — | Quarterly |
| 2019-03-14 | 2019-04-01 | $0.378 | — | Quarterly |
| 2018-12-13 | 2019-01-02 | $0.378 | — | Quarterly |
| 2018-09-13 | 2018-10-01 | $0.378 | — | Quarterly |
| 2018-06-14 | 2018-07-02 | $0.378 | — | Quarterly |
| 2018-03-14 | 2018-04-02 | $0.378 | — | Quarterly |
| 2017-12-14 | 2018-01-02 | $0.378 | — | Quarterly |
| 2017-09-14 | 2017-10-02 | $0.378 | — | Quarterly |
| 2017-06-13 | 2017-07-03 | $0.378 | — | Quarterly |
| 2017-03-13 | 2017-04-03 | $0.378 | — | Quarterly |
| 2016-12-13 | 2017-01-03 | $0.378 | — | Quarterly |
| 2016-09-13 | 2016-10-03 | $0.378 | — | Quarterly |
| 2016-06-13 | 2016-07-01 | $0.378 | +5.0% | Quarterly |
| 2016-03-11 | 2016-04-01 | $0.36 | — | Quarterly |
| 2015-12-11 | 2016-01-04 | $0.36 | — | Quarterly |
| 2015-09-11 | 2015-10-01 | $0.36 | — | Quarterly |
| 2015-06-11 | 2015-07-01 | $0.36 | +15.0% | Quarterly |
| 2015-03-11 | 2015-04-01 | $0.313 | — | Quarterly |
| 2014-12-11 | 2015-01-02 | $0.313 | — | Quarterly |
| 2014-09-11 | 2014-10-01 | $0.313 | — | Quarterly |
| 2014-06-11 | 2014-07-01 | $0.313 | +25.2% | Quarterly |
| 2014-03-12 | 2014-04-01 | $0.25 | — | Quarterly |
| 2013-12-11 | 2014-01-02 | $0.25 | — | Quarterly |
| 2013-09-11 | 2013-10-01 | $0.25 | — | Quarterly |
| 2013-06-12 | 2013-07-01 | $0.25 | +25.0% | Quarterly |
| 2013-03-13 | 2013-04-01 | $0.2 | — | Quarterly |
| 2012-12-12 | 2013-01-02 | $0.2 | — | Quarterly |
| 2012-09-12 | 2012-10-01 | $0.2 | — | Quarterly |
| 2012-06-13 | 2012-07-02 | $0.2 | — | Quarterly |
| 2012-03-13 | 2012-04-02 | $0.2 | +100.0% | Quarterly |
| 2011-12-13 | 2012-01-03 | $0.1 | — | Quarterly |
| 2011-09-13 | 2011-10-03 | $0.1 | — | Quarterly |
| 2011-06-13 | 2011-07-01 | $0.1 | +100.0% | Quarterly |
| 2011-03-11 | 2011-04-01 | $0.05 | — | Quarterly |
| 2010-12-13 | 2011-01-03 | $0.05 | — | Quarterly |
| 2010-09-13 | 2010-10-01 | $0.05 | — | Quarterly |
| 2010-06-11 | 2010-07-01 | $0.05 | — | Quarterly |
| 2010-03-11 | 2010-04-01 | $0.05 | — | Quarterly |
| 2009-12-11 | 2010-01-04 | $0.05 | — | Quarterly |
| 2009-09-11 | 2009-10-01 | $0.05 | — | Quarterly |
| 2009-06-11 | 2009-07-01 | $0.05 | — | Quarterly |
| 2009-03-11 | 2009-04-01 | $0.05 | −62.4% | Quarterly |
| 2008-12-11 | 2009-01-02 | $0.133 | — | Quarterly |
| 2008-09-11 | 2008-10-01 | $0.133 | — | Quarterly |
| 2008-06-11 | 2008-07-01 | $0.133 | +2.3% | Quarterly |
| 2008-03-12 | 2008-04-01 | $0.13 | — | Quarterly |
| 2007-12-12 | 2008-01-02 | $0.13 | — | Quarterly |
| 2007-09-12 | 2007-10-01 | $0.13 | — | Quarterly |
| 2007-06-13 | 2007-07-02 | $0.13 | +1.6% | Quarterly |
| 2007-03-13 | 2007-04-02 | $0.128 | — | Quarterly |
| 2006-12-13 | 2007-01-02 | $0.128 | — | Quarterly |
| 2006-09-13 | 2006-10-02 | $0.128 | — | Quarterly |
| 2006-06-14 | 2006-07-03 | $0.128 | +2.4% | Quarterly |
| 2006-03-13 | 2006-04-03 | $0.125 | — | Quarterly |
| 2005-12-13 | 2006-01-02 | $0.125 | — | Quarterly |
| 2005-08-30 | 2005-10-03 | $0.125 | +85.2% | Quarterly |
| 2005-06-13 | 2005-07-01 | $0.0675 | — | Quarterly |
| 2005-03-11 | 2005-04-01 | $0.0675 | — | Quarterly |
| 2004-12-13 | 2005-01-03 | $0.0675 | — | Quarterly |
| 2004-09-13 | 2004-10-01 | $0.0675 | — | Quarterly |
| 2004-06-14 | 2004-07-01 | $0.0675 | +8.0% | Quarterly |
| 2004-03-11 | 2004-04-01 | $0.0625 | — | Quarterly |
| 2003-12-11 | 2004-01-02 | $0.0625 | — | Quarterly |
| 2003-09-11 | 2003-10-01 | $0.0625 | — | Quarterly |
| 2003-06-12 | 2003-07-01 | $0.0625 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
M stock split history
- 2:1June 12, 2006
M dividend overview
Macy's pays an annual dividend of $0.77 per share, a yield of 3.21% at the latest close, paid quarterly. It paid $0.73 per share in 2025, up 4.6% from 2024. It has raised its dividend for 3 consecutive years. Over five years the dividend grew 14.0% a year on average and over ten years −6.3% a year. The payout ratio is 33.1% of trailing earnings.
Related: M cash flow statement, M key metrics, M chart. See the M stock overview for the latest quote and news.
M dividends FAQ
Does Macy's pay a dividend?
Yes. Macy's has paid a regular dividend since 2003, quarterly, most recently $0.19 per share with an ex-dividend date of September 15, 2026.
What is Macy's's dividend yield?
Macy's's forward annual dividend is $0.77 per share, a dividend yield of 3.21% at the latest close of $24.00.
How often does Macy's pay dividends?
Macy's pays dividends quarterly.
How fast is Macy's's dividend growing?
Macy's's dividend per share grew from $0.38 in 2020 to $0.73 in 2025, 14.0% a year on average over five years; it has increased for 3 years in a row.
What is Macy's's dividend payout ratio?
Macy's pays out 33.1% of its trailing earnings as dividends and 18.6% of its free cash flow (fiscal 2026).
Has Macy's split its stock?
Macy's has split its stock 1 time: 2:1 on June 12, 2006. Dividends per share on this page are adjusted for splits.