Dividends
M Dividend History, Yield & Dates
Dividend Yield · Dividend History · Ex-Dividend Date · Payment Date
MMacy's, Inc.
Consumer Cyclical / Department Stores
Relative Leader / Watch
Strong Relative Position
Latest quote
- Momentum77
- Value70
- Quality45
- Risk resilience49
- Sentiment—
M Dividend answer
Macy's, Inc. (M) pays a quarterly dividend. Forward dividend yield: 3.18%, or $0.766 a year at the latest dividend. Trailing 12-month yield: 3.14%, from $0.7569 per share paid over the past year. Its latest dividend was $0.1915 per share. Latest ex-dividend date: Dec 15, 2026. Payment date: Jan 4, 2027. Next dividend status: announced at $0.1915 per share.
M Dividend Snapshot
Yield, annual dividend, latest payment, payout coverage, growth, and dividend history are emphasized for this stock. Yield methodology is labeled separately from payout coverage.
Next M Dividend Date
When M next goes ex-dividend, the amount where it has been declared, and whether that state is announced, projected or not yet known.
Next M dividend
M's announced dividend calendar data is shown separately from historical payments so future dates do not get blended into completed dividend history.
Latest M Dividend Dates
Review the latest dividend, yield, available trailing-year income, and coverage context before treating income as durable.
AIQ Dividend bridge
Margins, returns, leverage, and cash conversion support dividend durability.
Yield is more useful when valuation context is not stretched.
Lower drawdown and balance-sheet risk can improve income dependability.
M Dividend History
Recent per-share dividends show payment cadence. Trailing-year and growth reads are shown only when the available rows cover a complete comparable window.
Dividend reliability
Recent dividend payments are summarized as cadence and coverage signals. Exact rows remain below for auditability.
M Annual Dividend History
M Dividend Growth
Latest row amount $0.1915, event yield 3.35%.
This page labels the feed as recent history when multi-year rows, payment dates, or record dates are incomplete. Announced calendar dates are separated from completed dividend history.
Dividend growth
- 5-year regular dividend CAGR
- 14.09%
- 2020 regular DPS
- $0.378
- 2025 regular DPS
- $0.730
- Absolute change
- $0.352
- Years increased
- 4
- Years reduced
- 1
M's split-adjusted regular dividend per share grew at 14.09% a year from 2020 through 2025.
M reduced its regular dividend in at least one calendar year between 2020 and 2025.
Split-adjusted regular dividends per share, 2020–2025, excluding special dividends. Research as of Sep 19, 2026.
The regular dividend jumped 109.7% in 2022, a single step rather than steady compounding.
M Dividend Yield
How M's trailing 12-month dividend yield is calculated, and what it does and does not account for.
Yield methodology
M's trailing dividend yield is the regular dividends paid over the last twelve months divided by the latest available share price. Payouts classified as special or supplemental are excluded, because a one-off payment is not recurring income. It is a backward-looking measure and is not the same as a forward yield, which annualises the most recent declared payment instead.
Dividend coverage
Coverage is read from earnings and cash flow rather than from the yield. A payout ratio leaves room, or does not; free cash flow either covers the payment, or the company is funding it another way. These are inputs to a judgement, not a guarantee of future payments.
Recent M dividend payments
| Ex-date | Dividend | Adjusted | Yield at ex-date | Frequency | TTM adjusted | Declared | Record date | Payment date |
|---|---|---|---|---|---|---|---|---|
| Sep 15, 2026 | $0.1915 | $0.1915 | 3.35% | Quarterly | $0.7569 | Aug 28, 2026 | Sep 15, 2026 | Oct 1, 2026 |
| Jun 15, 2026 | $0.1915 | $0.1915 | 3.03% | Quarterly | $0.7478 | May 15, 2026 | Jun 15, 2026 | Jul 1, 2026 |
| Mar 13, 2026 | $0.1915 | $0.1915 | 4.33% | Quarterly | $0.7387 | Feb 27, 2026 | Mar 13, 2026 | Apr 1, 2026 |
| Dec 15, 2025 | $0.1824 | $0.1824 | 3.06% | Quarterly | $0.7296 | Oct 24, 2025 | Dec 15, 2025 | Jan 2, 2026 |
| Sep 15, 2025 | $0.1824 | $0.1824 | 4.13% | Quarterly | $0.7209 | Aug 22, 2025 | Sep 15, 2025 | Oct 1, 2025 |
Show older history+31 rows
| Jun 13, 2025 | $0.1824 | $0.1824 | 6.34% | Quarterly | $0.7122 | May 16, 2025 | Jun 13, 2025 | Jul 1, 2025 |
| Mar 14, 2025 | $0.1824 | $0.1824 | 5.38% | Quarterly | $0.7035 | Feb 28, 2025 | Mar 14, 2025 | Apr 1, 2025 |
| Dec 13, 2024 | $0.1737 | $0.1737 | 4.20% | Quarterly | $0.6948 | Oct 25, 2024 | Dec 13, 2024 | Jan 2, 2025 |
| Sep 13, 2024 | $0.1737 | $0.1737 | 4.58% | Quarterly | $0.6865 | Aug 23, 2024 | Sep 13, 2024 | Oct 1, 2024 |
| Jun 14, 2024 | $0.1737 | $0.1737 | 3.69% | Quarterly | $0.6782 | May 16, 2024 | Jun 14, 2024 | Jul 1, 2024 |
| Mar 14, 2024 | $0.1737 | $0.1737 | 3.12% | Quarterly | $0.6699 | Feb 23, 2024 | Mar 15, 2024 | Apr 1, 2024 |
| Dec 14, 2023 | $0.1654 | $0.1654 | 3.37% | Quarterly | $0.6616 | Oct 27, 2023 | Dec 15, 2023 | Jan 2, 2024 |
| Sep 14, 2023 | $0.1654 | $0.1654 | 5.75% | Quarterly | $0.6537 | Aug 25, 2023 | Sep 15, 2023 | Oct 2, 2023 |
| Jun 14, 2023 | $0.1654 | $0.1654 | 4.07% | Quarterly | $0.6458 | May 31, 2023 | Jun 15, 2023 | Jul 3, 2023 |
| Mar 14, 2023 | $0.1654 | $0.1654 | 3.41% | Quarterly | $0.6379 | Feb 24, 2023 | Mar 15, 2023 | Apr 3, 2023 |
| Dec 14, 2022 | $0.1575 | $0.1575 | 2.90% | Quarterly | $0.63 | Oct 28, 2022 | Dec 15, 2022 | Jan 3, 2023 |
| Sep 14, 2022 | $0.1575 | $0.1575 | 3.75% | Quarterly | $0.6225 | Aug 26, 2022 | Sep 15, 2022 | Oct 3, 2022 |
| Jun 14, 2022 | $0.157 | $0.1575 | 2.82% | Quarterly | $0.615 | May 26, 2022 | Jun 15, 2022 | Jul 1, 2022 |
| Mar 14, 2022 | $0.157 | $0.1575 | 1.92% | Quarterly | $0.4575 | Feb 22, 2022 | Mar 15, 2022 | Apr 1, 2022 |
| Dec 14, 2021 | $0.15 | $0.15 | 1.16% | Quarterly | $0.30 | Oct 22, 2021 | Dec 15, 2021 | Jan 3, 2022 |
| Sep 14, 2021 | $0.15 | $0.15 | 71.70% | Annual | $0.15 | Aug 18, 2021 | Sep 15, 2021 | Oct 1, 2021 |
| Mar 12, 2020 | $0.3775 | $0.3775 | 20.46% | Annual | $1.51 | Feb 28, 2020 | Mar 13, 2020 | Apr 1, 2020 |
| Dec 12, 2019 | $0.3775 | $0.3775 | 9.61% | Quarterly | $1.51 | Oct 25, 2019 | Dec 13, 2019 | Jan 2, 2020 |
| Sep 12, 2019 | $0.3775 | $0.3775 | 8.88% | Quarterly | $1.51 | Aug 23, 2019 | Sep 13, 2019 | Oct 1, 2019 |
| Jun 13, 2019 | $0.3775 | $0.3775 | 6.94% | Quarterly | $1.51 | May 17, 2019 | Jun 14, 2019 | Jul 1, 2019 |
| Mar 14, 2019 | $0.3775 | $0.3775 | 6.39% | Quarterly | $1.51 | Feb 22, 2019 | Mar 15, 2019 | Apr 1, 2019 |
| Dec 13, 2018 | $0.3775 | $0.3775 | 4.90% | Quarterly | $1.51 | Oct 26, 2018 | Dec 14, 2018 | Jan 2, 2019 |
| Sep 13, 2018 | $0.3775 | $0.3775 | 4.22% | Quarterly | $1.51 | Aug 24, 2018 | Sep 14, 2018 | Oct 1, 2018 |
| Jun 14, 2018 | $0.3775 | $0.3775 | 4.02% | Quarterly | $1.51 | May 18, 2018 | Jun 15, 2018 | Jul 2, 2018 |
| Mar 14, 2018 | $0.3775 | $0.3775 | 5.17% | Quarterly | $1.51 | Feb 23, 2018 | Mar 15, 2018 | Apr 2, 2018 |
| Dec 14, 2017 | $0.3775 | $0.3775 | 6.09% | Quarterly | $1.51 | Oct 27, 2017 | Dec 15, 2017 | Jan 2, 2018 |
| Sep 14, 2017 | $0.3775 | $0.3775 | 6.86% | Quarterly | $1.51 | Aug 25, 2017 | Sep 15, 2017 | Oct 2, 2017 |
| Jun 13, 2017 | $0.3775 | $0.3775 | 6.78% | Quarterly | — | May 11, 2017 | Jun 15, 2017 | Jul 3, 2017 |
| Mar 13, 2017 | $0.3775 | $0.3775 | 4.89% | Quarterly | — | Feb 27, 2017 | Mar 15, 2017 | Apr 3, 2017 |
| Dec 13, 2016 | $0.3775 | $0.3775 | 3.67% | Quarterly | — | Oct 28, 2016 | Dec 15, 2016 | Jan 3, 2017 |
| Sep 13, 2016 | $0.3775 | $0.3775 | 4.25% | Quarterly | — | Aug 26, 2016 | Sep 15, 2016 | Oct 3, 2016 |
Dividend yield is only the starting point. Pair the current distribution with payout ratio, free cash flow coverage, balance-sheet risk, and the history of actual payments before treating income as durable.
A higher yield is more useful when earnings and free cash flow cover the distribution. A yield caused by a falling stock price can be a warning, not a bargain.
Stable or rising payments can indicate capital return discipline. Flat, skipped, or missing payments should be read with earnings and cash flow before drawing conclusions.
A low payout ratio can leave room for growth; a high payout ratio can indicate limited cushion. Cyclical companies need more room than stable defensive businesses.
M dividend research links
Focused follow-on paths for yield methodology, payout coverage, peer comparison, and income planning.
Estimate income using editable yield and payment assumptions.
Compare reinvesting dividends with taking them as cash.
Review payout ratio, cash flow, profitability, and balance-sheet context.
Read dividend income beside volatility, drawdown, and risk resilience.
Open DividendInvestorIQ for dividend discovery, comparisons, and income planning tools.
M Dividend Comparisons
How M's income profile compares with the peers it is most often weighed against.
Dividend calculators
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Estimate annual income, payment amount, yield and growth scenarios using M as ticker context.
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Enter your purchase date or price to see the yield on what you paid, today's yield beside it, and the dividends collected since.
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M Dividends FAQ
Does M pay a dividend?
Macy's, Inc. (M) has covered dividend payment history on this page, including a latest dividend of $0.19 per share and a quarterly cadence based on available events.
What is M's dividend yield?
M's trailing dividend yield is 3.14%. Trailing dividend yield equals dividends paid over the trailing 12 months divided by the latest available share price.
When is M's next dividend?
M's next announced dividend is $0.19 per share with an ex-dividend date of Dec 15, 2026 and payment date of Jan 4, 2027.
When is M's ex-dividend date?
M's next announced ex-dividend date is Dec 15, 2026.
How has M's dividend changed?
M's one-year dividend growth is 4.99% based on comparable covered dividend history.