← Back to declarations

M Macy's, Inc. — dividend yield, history & ex-dividend dates

NYSE· Quarterly dividend· Common Stock · Consumer Cyclical / Department Stores

$24.11 ▼ $-0.61(-2.47%) as of Nov 01, 2026 06:20 UTC
Sponsored Advanced charts & data →

Dividend Snapshot

StatusGrowing
Last Dividend$0.1915Paid Oct 01, 2026
Forward Annual$0.77From the $0.1915 dividend declared Oct 23, 2026
FrequencyQuarterly
Last Ex-DateSep 15, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateDec 15, 2026$0.1915, declared Oct 23, 2026The ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.
Next Pay DateJan 04, 2027
1-Yr Growth5.0%Annual totals, 2024–2025
10-Yr Growth-6.3%Annual totals, 2015–2025

Research Scores

Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.

Dividend Safety Score

80/100

Very strong indicators

Complete data

Dividend Growth Score

56/100

Moderate growth record

Complete data

Dividend Value Score

41/100

Near own historical valuation

Complete data

DividendRank

61/100

Upper middle of the scale

Complete data

How the Dividend Safety Score is built for M
Dividend Safety Score inputs, points and weights
InputValuePointsWeight
Earnings payout ratioEarnings payout ratio 31% (FY2025) 100 20%
FCF payout ratioFCF payout ratio 19% (FY2025) 100 25%
Net debt / EBITDANet debt / EBITDA 2.2x (FY2025) 81 15%
Interest coverageInterest coverage 9.8x (FY2025) 89 10%
Dividend record5 years of uninterrupted regular payments; suspension Jun 11, 2020, within 10 years: capped at 20 20 20%
Earnings stabilityNet income positive in 5 of the last 5 fiscal years (FY2021–FY2025) 100 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.

How the Dividend Growth Score is built for M
Dividend Growth Score inputs, points and weights
InputValuePointsWeight
5-year dividend growth5-year dividend CAGR 14.1% (2020–2025) 100 25%
Consecutive annual increases3 consecutive annual increases (through 2025) 45 20%
Payout headroomHeadroom from the earnings payout ratio 31% (FY2025) 100 20%
Earnings per share growth (3 years)EPS CAGR -17.9% (FY2022–FY2025) 0 15%
Revenue growth (3 years)Revenue CAGR -3.9% (FY2022–FY2025) 17 10%
10-year dividend growth10-year dividend CAGR -6.3% (2015–2025) 0 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.

How the Dividend Value Score is built for M
Dividend Value Score inputs, points and weights
InputValuePointsWeight
Yield vs own historyCurrent yield at the 8th percentile of its 102 month-end yields 8 40%
P/E vs own 5-year medianP/E 10.4 is 1.38x its 5-year median of 7.5 10 25%
FCF yieldFCF yield 16.8% (FY2025) 100 20%
P/E vs peersP/E 10.4 vs peer median 17.7 (0.59x; 103 corporation / Consumer Cyclical securities) 100 15%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.

Key Metrics

Current Yield

3.18%

At the Nov 01, 2026 price

The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.

Annualized Dividend

$0.7660

Declared Oct 23, 2026

The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.

Frequency

Q Quarterly

How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.

RSI (14)

57

As of Nov 01, 2026

Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.

52-Week Range

$16.92 – $26.21

Closes through Oct 30, 2026

The lowest and highest price over the past year, showing where today's price sits in its recent range.

Payout Ratio (TTM)

26.44%

12 months to Aug 01, 2026 (Q2 FY2026)

The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.

Years Paying

23

How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.

Price / Book (TTM)

1.29

Price as of Nov 01, 2026; latest reported book value

Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.

S.A.F.E. Dividend Read

S.A.F.E. is a set of four checks on a dividend's record and the company's data, the same test used across the screener and our ranked lists. Solid: a Dividend Safety Score of 70+ and a yield of 2%+. Accelerating: at least three consecutive completed calendar years of higher total regular dividends. Flawless: since 1990, no calendar year whose total regular dividend fell more than 20% below the year before, and no suspension. Enduring: at least 20 years between the first and latest dividend in our records. All four met earns the S.A.F.E. flag.
S Solid
Meets the Solid check: Dividend Safety Score 80/100 and yield 3.18%.
A Accelerating
3 consecutive years of dividend increases.
F Flawless
The record shows a gap in the regular dividend of more than 1.5 times its usual interval (a payment was due around June 2020).
E Enduring
23 years of dividend payments on record.

Quote & Key Data

ExchangeNYSEThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume5,564,391Oct 30, 2026 sessionHow many shares changed hands in the trading session dated beside this figure, a rough read on trading activity. Daily bars are refreshed on a slower cycle than the quoted price, so this session can be older than the price above.
Open$24.71Oct 30, 2026 sessionThe price at the start of the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Day Range$23.80 – $25.06Oct 30, 2026 sessionThe lowest and highest price during the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Prev Close$24.72Close of Oct 29, 2026The closing price from the session before the one dated beside these figures.
Market Cap$6.30BAs of Nov 01, 2026The company's total market value (share price times shares outstanding) on the date shown.
Shares Out261.18MImplied by market cap, Nov 01, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPS (TTM)$2.8412 months to Aug 01, 2026 (Q2 FY2026)Earnings per share over the trailing twelve months (TTM), labeled with the end date of the latest reported quarter and shown in the company's reporting currency. Dividends are paid out of these earnings.
P/E (TTM)8.6Price as of Nov 01, 2026; earnings to Aug 01, 2026Price-to-earnings ratio: the share price on the date shown divided by trailing-twelve-month earnings per share. A rough gauge of how richly the stock is valued.
Last Ex-DateSep 15, 2026Paid Oct 01, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateDec 15, 2026Pays Jan 04, 2027; declaredThe ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.

Dividend Growth

3-Yr Growth (CAGR)5.0%Annual totals, 2022–2025The dividend's average annual growth rate over the period, compounded.
5-Yr Growth (CAGR)14.1%Annual totals, 2020–2025The dividend's average annual growth rate over the period, compounded.
Consecutive Increases3 yrsAnnual totals through 2025The number of consecutive years the dividend has increased.

How often a record like this ends in a cut

Years the payout rose14Since Jun 2003
Rank among payers825of 2,591 with a record
Years it fell over 20%2in 19 comparable years
Of peers with 10 to 24 up years75%also cut at some point

M has raised its annual dividend in 14 separate years since June 2003, which ranks 825 among the 2,591 payers with a comparable record in our dataset. In 2 years the annual total fell by more than a fifth.

Of the 919 companies we track with 10 to 24 years of increases, 691 — 75 per cent — also have at least one year in which the dividend fell by more than 20 per cent. Across every company with twenty years of comparable history, only 292 of 1135 (26 per cent) have never cut. A long record of increases is common; a record with no cut anywhere in it is not.

Measured from annual totals using split-adjusted amounts, comparing only consecutive years with the same number of payments — a stock split and a payment shifting across a year boundary both look like cuts otherwise. The current year is excluded as incomplete. How we measure a cut, and what the corrections change. Figures are for information only, not a view on any security.

Why the Yield Moved (90 Days)

M's dividend yield rose from 2.95% to 3.18% over the past ~90 days (+0.23 pp). Of that move, +0.00 pp came from changes in the dividend rate and +0.23 pp from the share price ($25.95 on Aug 03, 2026 → $24.11 on Nov 01, 2026). A yield that rises because the price fell is not an improvement in the payout itself.

Yield vs Its Own History

Current3.18%
1-Yr Average3.51%
Low / High2.92% – 4.53%
Percentile14%

Across 275 daily observations over the past 13 months (through Oct 30, 2026), M's current yield is higher than approximately 14% of them. Our stored price history for M covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.

Adjusted Price History

Dividend History

Dividend Payment History

Ex-dividend calendar →
Amount Type Declared Ex-Date Record Pay
$0.1915 Q Regular upcoming, declared Oct 23, 2026 Dec 15, 2026 Dec 15, 2026 Jan 04, 2027
$0.1915 Q Regular Aug 28, 2026 Sep 15, 2026 Sep 15, 2026 Oct 01, 2026
$0.1915 Q Regular May 15, 2026 Jun 15, 2026 Jun 15, 2026 Jul 01, 2026
$0.1915 Q Regular Feb 27, 2026 Mar 13, 2026 Mar 13, 2026 Apr 01, 2026
$0.1824 Q Regular Oct 24, 2025 Dec 15, 2025 Dec 15, 2025 Jan 02, 2026
$0.1824 Q Regular Aug 22, 2025 Sep 15, 2025 Sep 15, 2025 Oct 01, 2025
$0.1824 Q Regular May 16, 2025 Jun 13, 2025 Jun 13, 2025 Jul 01, 2025
$0.1824 Q Regular Feb 28, 2025 Mar 14, 2025 Mar 14, 2025 Apr 01, 2025
$0.1737 Q Regular Oct 25, 2024 Dec 13, 2024 Dec 13, 2024 Jan 02, 2025
$0.1737 Q Regular Aug 23, 2024 Sep 13, 2024 Sep 13, 2024 Oct 01, 2024
$0.1737 Q Regular May 16, 2024 Jun 14, 2024 Jun 14, 2024 Jul 01, 2024
$0.1737 Q Regular Feb 23, 2024 Mar 14, 2024 Mar 15, 2024 Apr 01, 2024
$0.1654 Q Regular Oct 27, 2023 Dec 14, 2023 Dec 15, 2023 Jan 02, 2024
$0.1654 Q Regular Aug 25, 2023 Sep 14, 2023 Sep 15, 2023 Oct 02, 2023
$0.1654 Q Regular May 31, 2023 Jun 14, 2023 Jun 15, 2023 Jul 03, 2023
$0.1654 Q Regular Feb 24, 2023 Mar 14, 2023 Mar 15, 2023 Apr 03, 2023
$0.1575 Q Regular Oct 28, 2022 Dec 14, 2022 Dec 15, 2022 Jan 03, 2023
$0.1575 Q Regular Aug 26, 2022 Sep 14, 2022 Sep 15, 2022 Oct 03, 2022
$0.1570 Q Regular May 26, 2022 Jun 14, 2022 Jun 15, 2022 Jul 01, 2022
$0.1570 Q Regular Feb 22, 2022 Mar 14, 2022 Mar 15, 2022 Apr 01, 2022
$0.1500 Q Regular Oct 22, 2021 Dec 14, 2021 Dec 15, 2021 Jan 03, 2022
$0.1500 A Regular Aug 18, 2021 Sep 14, 2021 Sep 15, 2021 Oct 01, 2021
$0.3775 A Regular Feb 28, 2020 Mar 12, 2020 Mar 13, 2020 Apr 01, 2020
$0.3775 Q Regular Oct 25, 2019 Dec 12, 2019 Dec 13, 2019 Jan 02, 2020
$0.3775 Q Regular Aug 23, 2019 Sep 12, 2019 Sep 13, 2019 Oct 01, 2019
$0.3775 Q Regular May 17, 2019 Jun 13, 2019 Jun 14, 2019 Jul 01, 2019
$0.3775 Q Regular Feb 22, 2019 Mar 14, 2019 Mar 15, 2019 Apr 01, 2019
$0.3775 Q Regular Oct 26, 2018 Dec 13, 2018 Dec 14, 2018 Jan 02, 2019
$0.3775 Q Regular Aug 24, 2018 Sep 13, 2018 Sep 14, 2018 Oct 01, 2018
$0.3775 Q Regular May 18, 2018 Jun 14, 2018 Jun 15, 2018 Jul 02, 2018
$0.3775 Q Regular Feb 23, 2018 Mar 14, 2018 Mar 15, 2018 Apr 02, 2018
$0.3775 Q Regular Oct 27, 2017 Dec 14, 2017 Dec 15, 2017 Jan 02, 2018
$0.3775 Q Regular Aug 25, 2017 Sep 14, 2017 Sep 15, 2017 Oct 02, 2017
$0.3775 Q Regular May 11, 2017 Jun 13, 2017 Jun 15, 2017 Jul 03, 2017
$0.3775 Q Regular Feb 27, 2017 Mar 13, 2017 Mar 15, 2017 Apr 03, 2017
$0.3775 Q Regular Oct 28, 2016 Dec 13, 2016 Dec 15, 2016 Jan 03, 2017
$0.3775 Q Regular Aug 26, 2016 Sep 13, 2016 Sep 15, 2016 Oct 03, 2016
$0.3775 Q Regular May 11, 2016 Jun 13, 2016 Jun 15, 2016 Jul 01, 2016
$0.3600 Q Regular Feb 26, 2016 Mar 11, 2016 Mar 15, 2016 Apr 01, 2016
$0.3600 Q Regular Nov 09, 2015 Dec 11, 2015 Dec 15, 2015 Jan 04, 2016
$0.3600 Q Regular Aug 31, 2015 Sep 11, 2015 Sep 15, 2015 Oct 01, 2015
$0.3600 Q Regular May 14, 2015 Jun 11, 2015 Jun 15, 2015 Jul 01, 2015
$0.3125 Q Regular Mar 02, 2015 Mar 11, 2015 Mar 13, 2015 Apr 01, 2015
$0.3125 Q Regular Oct 27, 2014 Dec 11, 2014 Dec 15, 2014 Jan 02, 2015
$0.3125 Q Regular Aug 22, 2014 Sep 11, 2014 Sep 15, 2014 Oct 01, 2014
$0.3125 Q Regular May 14, 2014 Jun 11, 2014 Jun 13, 2014 Jul 01, 2014
$0.2500 Q Regular Feb 28, 2014 Mar 12, 2014 Mar 14, 2014 Apr 01, 2014
$0.2500 Q Regular Oct 25, 2013 Dec 11, 2013 Dec 13, 2013 Jan 02, 2014
$0.2500 Q Regular Aug 23, 2013 Sep 11, 2013 Sep 13, 2013 Oct 01, 2013
$0.2500 Q Regular May 15, 2013 Jun 12, 2013 Jun 14, 2013 Jul 01, 2013
$0.2000 Q Regular Feb 22, 2013 Mar 13, 2013 Mar 15, 2013 Apr 01, 2013
$0.2000 Q Regular Oct 26, 2012 Dec 12, 2012 Dec 14, 2012 Jan 02, 2013
$0.2000 Q Regular Aug 24, 2012 Sep 12, 2012 Sep 14, 2012 Oct 01, 2012
$0.2000 Q Regular May 21, 2012 Jun 13, 2012 Jun 15, 2012 Jul 02, 2012
$0.2000 Q Regular Jan 06, 2012 Mar 13, 2012 Mar 15, 2012 Apr 02, 2012
$0.1000 Q Regular Oct 31, 2011 Dec 13, 2011 Dec 15, 2011 Jan 03, 2012
$0.1000 Q Regular Aug 29, 2011 Sep 13, 2011 Sep 15, 2011 Oct 03, 2011
$0.1000 Q Regular May 12, 2011 Jun 13, 2011 Jun 15, 2011 Jul 01, 2011
$0.0500 Q Regular Feb 28, 2011 Mar 11, 2011 Mar 15, 2011 Apr 01, 2011
$0.0500 Q Regular Oct 25, 2010 Dec 13, 2010 Dec 15, 2010 Jan 03, 2011
$0.0500 Q Regular Aug 23, 2010 Sep 13, 2010 Sep 15, 2010 Oct 01, 2010
$0.0500 Q Regular May 17, 2010 Jun 11, 2010 Jun 15, 2010 Jul 01, 2010
$0.0500 Q Regular Feb 22, 2010 Mar 11, 2010 Mar 15, 2010 Apr 01, 2010
$0.0500 Q Regular Oct 26, 2009 Dec 11, 2009 Dec 15, 2009 Jan 04, 2010
$0.0500 Q Regular Aug 24, 2009 Sep 11, 2009 Sep 15, 2009 Oct 01, 2009
$0.0500 Q Regular May 18, 2009 Jun 11, 2009 Jun 15, 2009 Jul 01, 2009
$0.0500 Q Regular Feb 02, 2009 Mar 11, 2009 Mar 13, 2009 Apr 01, 2009
$0.1325 Q Regular Oct 24, 2008 Dec 11, 2008 Dec 15, 2008 Jan 02, 2009
$0.1325 Q Regular Aug 22, 2008 Sep 11, 2008 Sep 15, 2008 Oct 01, 2008
$0.1325 Q Regular May 16, 2008 Jun 11, 2008 Jun 13, 2008 Jul 01, 2008
$0.1300 Q Regular Feb 22, 2008 Mar 12, 2008 Mar 14, 2008 Apr 01, 2008
$0.1300 Q Regular Oct 26, 2007 Dec 12, 2007 Dec 14, 2007 Jan 02, 2008
$0.1300 Q Regular Aug 24, 2007 Sep 12, 2007 Sep 14, 2007 Oct 01, 2007
$0.1300 Q Regular May 18, 2007 Jun 13, 2007 Jun 15, 2007 Jul 02, 2007
$0.1275 Q Regular Feb 27, 2007 Mar 13, 2007 Mar 15, 2007 Apr 02, 2007
$0.1275 Q Regular Oct 26, 2006 Dec 13, 2006 Dec 15, 2006 Jan 02, 2007
$0.1275 Q Regular Aug 25, 2006 Sep 13, 2006 Sep 15, 2006 Oct 02, 2006
$0.1275 Q Regular Mar 28, 2006 Jun 14, 2006 Jun 16, 2006 Jul 03, 2006
$0.2500 Q Regular Feb 24, 2006 Mar 13, 2006 Mar 15, 2006 Apr 03, 2006
$0.2500 Q Regular Oct 28, 2005 Dec 13, 2005 Dec 15, 2005 Jan 02, 2006
$0.2500 Q Regular Aug 30, 2005 Aug 30, 2005 Aug 29, 2005 Oct 03, 2005
$0.1350 Q Regular May 20, 2005 Jun 13, 2005 Jun 15, 2005 Jul 01, 2005
$0.1350 Q Regular Feb 25, 2005 Mar 11, 2005 Mar 15, 2005 Apr 01, 2005
$0.1350 Q Regular Oct 21, 2004 Dec 13, 2004 Dec 15, 2004 Jan 03, 2005
$0.1350 Q Regular Aug 27, 2004 Sep 13, 2004 Sep 15, 2004 Oct 01, 2004
$0.1350 Q Regular May 21, 2004 Jun 14, 2004 Jun 15, 2004 Jul 01, 2004
$0.1250 Q Regular Feb 20, 2004 Mar 11, 2004 Mar 15, 2004 Apr 01, 2004
$0.1250 Q Regular Oct 24, 2003 Dec 11, 2003 Dec 15, 2003 Jan 02, 2004
$0.1250 Q Regular Aug 22, 2003 Sep 11, 2003 Sep 15, 2003 Oct 01, 2003
$0.1250 Q Regular Apr 16, 2003 Jun 12, 2003 Jun 16, 2003 Jul 01, 2003

Peer Comparison

Selected Department Stores dividend payers we cover, strongest DividendRank first — for context, not a recommendation.

TickerNameYield5-Yr GrowthStreakRank
PGCMF Puregold Price Club, Inc. 5.25% 32.7% 0 yrs 76
RYKKY Ryohin Keikaku Co., Ltd. 0.63% 8.8% 1 yr 76
RYKKF Ryohin Keikaku Co., Ltd. 0.90% 6.5% 1 yr 74
JFROF J. Front Retailing Co., Ltd. 2.38% 8.7% 0 yrs 71

M dividend — frequently asked questions

Does Macy's, Inc. pay a dividend?

Yes. Macy's, Inc. (M) currently pays a dividend. The annualized dividend is about $0.77 per share, a yield of approximately 3.18%.

What is Macy's, Inc.'s dividend yield?

Macy's, Inc.'s dividend yield is approximately 3.18%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.

How often does Macy's, Inc. pay dividends?

Macy's, Inc. pays dividends quarterly — 4 times per year.

When is Macy's, Inc.'s next ex-dividend date?

The next declared ex-dividend date for Macy's, Inc. is December 15, 2026. The associated payment is $0.1915 per share; you must own the shares before the ex-dividend date to receive it.

How long has Macy's, Inc. paid dividends?

Macy's, Inc. has 23 years of dividend payments on record, and has increased its dividend for 3 consecutive years.

Data updated Nov 01, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.