# Macy's (M) — Dividends

M · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/m/dividends

## Dividend summary

| Metric | Value |
| --- | --- |
| Frequency | quarterly |
| Trailing 12 months | $0.76 |
| Forward yield | 3.13% |
| 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.

## Payment history

| Ex-date | Pay date | Amount per share |
| --- | --- | --- |
| Sep 15, 2026 | Oct 1, 2026 | $0.19 |
| Jun 15, 2026 | Jul 1, 2026 | $0.19 |
| Mar 13, 2026 | Apr 1, 2026 | $0.19 |
| Dec 15, 2025 | Jan 2, 2026 | $0.18 |
| Sep 15, 2025 | Oct 1, 2025 | $0.18 |
| Jun 13, 2025 | Jul 1, 2025 | $0.18 |
| Mar 14, 2025 | Apr 1, 2025 | $0.18 |
| Dec 13, 2024 | Jan 2, 2025 | $0.17 |
| Sep 13, 2024 | Oct 1, 2024 | $0.17 |
| Jun 14, 2024 | Jul 1, 2024 | $0.17 |
| Mar 14, 2024 | Apr 1, 2024 | $0.17 |
| Dec 14, 2023 | Jan 2, 2024 | $0.17 |
| Sep 14, 2023 | Oct 2, 2023 | $0.17 |
| Jun 14, 2023 | Jul 3, 2023 | $0.17 |
| Mar 14, 2023 | Apr 3, 2023 | $0.17 |
| Dec 14, 2022 | Jan 3, 2023 | $0.16 |
| Sep 14, 2022 | Oct 3, 2022 | $0.16 |
| Jun 14, 2022 | Jul 1, 2022 | $0.16 |
| Mar 14, 2022 | Apr 1, 2022 | $0.16 |
| 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 3.13% at the last price of $24.22. [Click here to learn more](https://www.lighthorse.io/instructions/learning/dividend-yield)

### 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](https://www.lighthorse.io/instructions/learning/ex-dividend-date)

### Has M been raising its dividend?

Yes — Macy's has increased its dividend for 3 consecutive calendar years.

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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.

Data provided by [AInvest](https://www.ainvest.com).