Macy’s (M) dividend history
Macy’s paid $197M in dividends in fiscal 2026, about $0.71 per share.
Dividends per share grew 5.3% a year over 14 years, rising in each of the last 4 years.
That took 29% of free cash flow and 31% of net income.
At today's price the trailing yield is 2.94%.
Dividends by fiscal year
Dividends paid from the cash flow statement in Macy’s's 10-K filings, divided by diluted shares (an approximation of the per-share dividend).
| Fiscal year | Per share | Growth | Total paid | % of free cash flow | % of net income |
|---|---|---|---|---|---|
| 2026 | $0.71 | +4.5% | $197M | 29% | 31% |
| 2025 | $0.68 | +4.8% | $192M | 48% | 33% |
| 2024 | $0.65 | +5.7% | $181M | 58% | 402% |
| 2023 | $0.62 | +114.7% | $173M | 54% | 15% |
| 2022 | $0.29 | -23.8% | $90M | 4% | 6% |
| 2021 | $0.38 | -74.9% | $117M | 64% | — |
| 2020 | $1.50 | +0.6% | $466M | 103% | 83% |
| 2019 | $1.49 | -1.0% | $463M | 58% | 42% |
| 2018 | $1.50 | +1.7% | $461M | 38% | 29% |
| 2017 | $1.48 | +7.8% | $459M | 52% | 73% |
| 2016 | $1.37 | +17.6% | $456M | 52% | 43% |
| 2015 | $1.16 | +24.8% | $421M | 26% | 28% |
| 2014 | $0.93 | +18.7% | $359M | 21% | 24% |
| 2013 | $0.79 | +128.6% | $324M | 26% | 24% |
| 2012 | $0.34 | — | $148M | 11% | 12% |
Dividend calculator · Highest dividend yields · What the payout ratio tells you
Questions
Does Macy’s pay a dividend?
Macy’s paid $197M in dividends in fiscal 2026, about $0.71 per share.
How fast has Macy’s's dividend grown?
Dividends per share grew 5.3% a year over 14 years, rising in each of the last 4 years.
From Macy’s's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.