M Macy's, Inc. — dividend yield, history & ex-dividend dates
Dividend Snapshot
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.
How the Dividend Safety Score is built for M
| Input | Value | Points | Weight |
|---|---|---|---|
| Earnings payout ratio | Earnings payout ratio 31% (FY2025) | 100 | 20% |
| FCF payout ratio | FCF payout ratio 19% (FY2025) | 100 | 25% |
| Net debt / EBITDA | Net debt / EBITDA 2.2x (FY2025) | 81 | 15% |
| Interest coverage | Interest coverage 9.8x (FY2025) | 89 | 10% |
| Dividend record | 5 years of uninterrupted regular payments; suspension Jun 11, 2020, within 10 years: capped at 20 | 20 | 20% |
| Earnings stability | Net 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
| Input | Value | Points | Weight |
|---|---|---|---|
| 5-year dividend growth | 5-year dividend CAGR 14.1% (2020–2025) | 100 | 25% |
| Consecutive annual increases | 3 consecutive annual increases (through 2025) | 45 | 20% |
| Payout headroom | Headroom 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 growth | 10-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
| Input | Value | Points | Weight |
|---|---|---|---|
| Yield vs own history | Current yield at the 8th percentile of its 102 month-end yields | 8 | 40% |
| P/E vs own 5-year median | P/E 10.4 is 1.38x its 5-year median of 7.5 | 10 | 25% |
| FCF yield | FCF yield 16.8% (FY2025) | 100 | 20% |
| P/E vs peers | P/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
Quote & Key Data
Dividend Growth
How often a record like this ends in a cut
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
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.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| 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 |
Related Guides & Lists
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.