Macy's, Inc. Dividend History | Yield & Payout Insights

Dividend history and payout analysis for Macy's, Inc. (M). Use the fiscal-year summary and the payout history table below to track dividend per share, dividend yield, and payout ratio changes over time, plus the key dates investors watch for dividend investing.

Dividend Performance Chart

Dividend Summary (FY)

23 years
Metric (FY)20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003
Dividends per share (FY)$0.72$0.68$0.68$0.64$0.30$0.38$1.52$1.52$1.52$1.50$1.39$1.18$0.95$0.80$0.35$0.20$0.20$0.52$0.52$0.64$0.78$0.54$0.36
Dividend yield (FY) %N/A4.38%3.61%2.67%1.15%2.56%9.43%5.72%5.82%5.04%3.39%1.86%1.78%2.02%1.03%0.86%1.25%5.86%1.86%1.22%1.11%0.94%0.79%
Payout ratio (FY) %N/A32.99%402.22%15.10%6.29%-2.97%82.62%41.79%29.44%73.21%42.54%27.59%24.16%24.27%11.78%9.92%25.53%-4.60%25.76%27.54%11.17%13.50%9.96%

Dividend Payout History

86 payments
Pay DateEx-DateRecord DateAmount
2026-01-02December 15, 252025-12-15$0.18
2025-10-01September 15, 252025-09-15$0.18
2025-07-01June 13, 252025-06-13$0.18
2025-04-01March 14, 252025-03-14$0.18
2025-01-02December 13, 242024-12-13$0.17
2024-10-01September 13, 242024-09-13$0.17
2024-07-01June 14, 242024-06-14$0.17
2024-04-01March 14, 242024-03-15$0.17
2024-01-02December 14, 232023-12-15$0.17
2023-10-02September 14, 232023-09-15$0.17
2023-07-03June 14, 232023-06-15$0.17
2023-04-03March 14, 232023-03-15$0.17
2023-01-03December 14, 222022-12-15$0.16
2022-10-03September 14, 222022-09-15$0.16
2022-07-01June 14, 222022-06-15$0.16
2022-04-01March 14, 222022-03-15$0.16
2022-01-03December 14, 212021-12-15$0.15
2021-10-01September 14, 212021-09-15$0.15
2020-04-01March 12, 202020-03-13$0.38
2020-01-02December 12, 192019-12-13$0.38
2019-10-01September 12, 192019-09-13$0.38
2019-07-01June 13, 192019-06-14$0.38
2019-04-01March 14, 192019-03-15$0.38
2019-01-02December 13, 182018-12-14$0.38
2018-10-01September 13, 182018-09-14$0.38
2018-07-02June 14, 182018-06-15$0.38
2018-04-02March 14, 182018-03-15$0.38
2018-01-02December 14, 172017-12-15$0.38
2017-10-02September 14, 172017-09-15$0.38
2017-07-03June 13, 172017-06-15$0.38
2017-04-03March 13, 172017-03-15$0.38
2017-01-03December 13, 162016-12-15$0.38
2016-10-03September 13, 162016-09-15$0.38
2016-07-01June 13, 162016-06-15$0.38
2016-04-01March 11, 162016-03-15$0.36
2016-01-04December 11, 152015-12-15$0.36
2015-10-01September 11, 152015-09-15$0.36
2015-07-01June 11, 152015-06-15$0.36
2015-04-01March 11, 152015-03-13$0.31
2015-01-02December 11, 142014-12-15$0.31
2014-10-01September 11, 142014-09-15$0.31
2014-07-01June 11, 142014-06-13$0.31
2014-04-01March 12, 142014-03-14$0.25
2014-01-02December 11, 132013-12-13$0.25
2013-10-01September 11, 132013-09-13$0.25
2013-07-01June 12, 132013-06-14$0.25
2013-04-01March 13, 132013-03-15$0.20
2013-01-02December 12, 122012-12-14$0.20
2012-10-01September 12, 122012-09-14$0.20
2012-07-02June 13, 122012-06-15$0.20
2012-04-02March 13, 122012-03-15$0.20
2012-01-03December 13, 112011-12-15$0.10
2011-10-03September 13, 112011-09-15$0.10
2011-07-01June 13, 112011-06-15$0.10
2011-04-01March 11, 112011-03-15$0.05
2011-01-03December 13, 102010-12-15$0.05
2010-10-01September 13, 102010-09-15$0.05
2010-07-01June 11, 102010-06-15$0.05
2010-04-01March 11, 102010-03-15$0.05
2010-01-04December 11, 092009-12-15$0.05
2009-10-01September 11, 092009-09-15$0.05
2009-07-01June 11, 092009-06-15$0.05
2009-04-01March 11, 092009-03-13$0.05
2009-01-02December 11, 082008-12-15$0.13
2008-10-01September 11, 082008-09-15$0.13
2008-07-01June 11, 082008-06-13$0.13
2008-04-01March 12, 082008-03-14$0.13
2008-01-02December 12, 072007-12-14$0.13
2007-10-01September 12, 072007-09-14$0.13
2007-07-02June 13, 072007-06-15$0.13
2007-04-02March 13, 072007-03-15$0.13
2007-01-02December 13, 062006-12-15$0.13
2006-10-02September 13, 062006-09-15$0.13
2006-07-03June 14, 062006-06-16$0.13
2006-04-03March 13, 062006-03-15$0.25
2006-01-02December 13, 052005-12-15$0.25
2005-10-03August 30, 052005-08-29$0.25
2005-07-01June 13, 052005-06-15$0.14
2005-04-01March 11, 052005-03-15$0.14
2005-01-03December 13, 042004-12-15$0.14
2004-10-01September 13, 042004-09-15$0.14
2004-07-01June 14, 042004-06-15$0.14
2004-04-01March 11, 042004-03-15$0.12
2004-01-02December 11, 032003-12-15$0.12
2003-10-01September 11, 032003-09-15$0.12
2003-07-01June 12, 032003-06-16$0.12

Frequently Asked Questions

What is Macy's, Inc.'s current dividend yield and payout ratio?

The dividend yield shows how much Macy's, Inc. returns to shareholders relative to its stock price, while the payout ratio indicates how much of its earnings are distributed. Monitoring these metrics helps investors evaluate whether the dividend is sustainable and supported by earnings or cash flow.

How has Macy's, Inc.'s dividend changed over the last 5 years?

By reviewing the historical dividend payouts for Macy's, Inc., investors can identify trends in growth or cuts. Consistent or rising dividends over time often signal financial stability, while decreasing dividends may indicate potential risks or shifts in business strategy. Use the FY summary and payout history tables to track changes across multiple years.

Is Macy's, Inc. a high-yield stock compared to its industry peers?

Comparing Macy's, Inc.'s dividend yield with similar companies in the same sector helps gauge relative attractiveness. A higher yield can be appealing for income-focused investors, but it's important to assess sustainability alongside profitability and balance-sheet strength. Use the related peers section to benchmark dividend yield and payout characteristics.

Can Macy's, Inc. maintain its dividend during market downturns?

Analyzing Macy's, Inc.'s liquidity, cash flow, and debt levels provides insight into whether it can sustain dividend payments during economic volatility. Stocks with strong financial health are more likely to maintain consistent dividends even when markets fluctuate. Pair dividend metrics with the FY payout ratio and the multi-year history tables for context.

Should I consider Macy's, Inc. dividends as part of my long-term investment strategy?

Investors often include Macy's, Inc. dividends in a long-term portfolio to generate passive income. Assessing dividend yield, payout ratio, growth history, and financial stability helps determine whether the company fits an income-focused or total-return investment strategy. Review the dividend summary and payout history tables to validate consistency over time.