Macy's (M) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $0.76
- Forward yield
- 3.34%
- Payout ratio
- 30.0%
- Growth streak
- 3 years
Macy's pays a quarterly dividend of $0.19 per share. Its most recent payment had an ex-date of September 15, 2026 and was paid on October 1, 2026. Over the trailing twelve months, it paid $0.76 per share, a yield of about 3.34% at a share price of $22.66.
Raises have come with the payment that goes ex-dividend in mid-March. The rate went from $0.15 to $0.16 in 2022, then to $0.17 in 2023, $0.18 in 2025 and $0.19 in 2026. Each raise was one cent, about 5.6% to 6.7%. There was no raise in 2024, when all four payments stayed at $0.17. Since late 2021, the quarterly rate has grown about 27%. Payments by calendar year rose from $0.64 in 2022 to $0.72 in 2025. The source gives a growth streak of three years.
The schedule has been steady. Payments go ex-dividend in mid-March, mid-June, mid-September and mid-December, and are paid about two weeks later, so the December payment lands in early January. If the pattern holds, the next payment would go ex-dividend in mid-December 2026 and be paid in early January 2027. Past raises have come with the March payment after that.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Aug 28, 2026 | Sep 15, 2026 | Oct 1, 2026 | $0.19 |
| May 15, 2026 | Jun 15, 2026 | Jul 1, 2026 | $0.19 |
| Feb 27, 2026 | Mar 13, 2026 | Apr 1, 2026 | $0.19 |
| Oct 24, 2025 | Dec 15, 2025 | Jan 2, 2026 | $0.18 |
| Aug 22, 2025 | Sep 15, 2025 | Oct 1, 2025 | $0.18 |
| May 16, 2025 | Jun 13, 2025 | Jul 1, 2025 | $0.18 |
| Feb 28, 2025 | Mar 14, 2025 | Apr 1, 2025 | $0.18 |
| Oct 25, 2024 | Dec 13, 2024 | Jan 2, 2025 | $0.17 |
| Aug 23, 2024 | Sep 13, 2024 | Oct 1, 2024 | $0.17 |
| May 16, 2024 | Jun 14, 2024 | Jul 1, 2024 | $0.17 |
| Feb 23, 2024 | Mar 14, 2024 | Apr 1, 2024 | $0.17 |
| Oct 27, 2023 | Dec 14, 2023 | Jan 2, 2024 | $0.17 |
| Aug 25, 2023 | Sep 14, 2023 | Oct 2, 2023 | $0.17 |
| Jun 1, 2023 | Jun 14, 2023 | Jul 3, 2023 | $0.17 |
| Feb 24, 2023 | Mar 14, 2023 | Apr 3, 2023 | $0.17 |
| Oct 28, 2022 | Dec 14, 2022 | Jan 3, 2023 | $0.16 |
| Aug 26, 2022 | Sep 14, 2022 | Oct 3, 2022 | $0.16 |
| May 26, 2022 | Jun 14, 2022 | Jul 1, 2022 | $0.16 |
| Feb 22, 2022 | Mar 14, 2022 | Apr 1, 2022 | $0.16 |
| Oct 22, 2021 | Dec 14, 2021 | Jan 3, 2022 | $0.15 |
Frequently asked questions
Does Macy's (M) pay a dividend?
Yes. Macy's pays a quarterly dividend; the most recent payment was $0.19 per share.
What is M's dividend yield?
Macy's paid $0.76 per share over the trailing twelve months, a yield of 3.34% at the last price of $22.68. Click here to learn more
When is M's most recent ex-dividend date?
Macy's's most recent ex-dividend date is Sep 15, 2026, payable on Oct 1, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has M been raising its dividend?
Yes — Macy's has increased its dividend for 3 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.