Macy's, Inc. (M) Dividend Payout Ratio: 31.02%
Is Macy's, Inc.’s dividend payout ratio high or low?
Macy's, Inc.'s dividend payout ratio of 31.02% is 22% below its 5-year average of 39.77%, near the low end of its 5-year range (0.00%–181.27%).
As of Tuesday, June 23, 2026. 18.89% below its 12-month average of 38.25%.
Dividend Payout Ratio (31.02%) = TTM Dividends/Share ($0.75) / TTM EPS ($2.41)
M Dividend Payout Ratio Chart
M Average Dividend Payout Ratio Chart
M Current vs Average Dividend Payout Ratio Chart
M Dividend Payout Ratio Metrics
DIVIDEND PAYOUT RATIO
31.02%
DIVIDEND PAYOUT RATIO AVG TTM
38.25%
DIVIDEND PAYOUT RATIO AVG 3Y
58.07%
DIVIDEND PAYOUT RATIO AVG 5Y
22.64%
DIVIDEND PAYOUT RATIO AVG 10Y
42.95%
DIVIDEND PAYOUT RATIO AVG 15Y
32.42%
DIVIDEND PAYOUT RATIO AVG 20Y
29.07%
CURRENT VS TTM AVG
-18.89%
CURRENT VS 3Y AVG
-46.58%
CURRENT VS 5Y AVG
+37.04%
CURRENT VS 10Y AVG
-27.78%
CURRENT VS 15Y AVG
-4.32%
CURRENT VS 20Y AVG
+6.73%
Annual Payout Ratio History
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2026 | $2.37 | $0.38 | 16.2% |
| 2025 | $2.10 | $0.73 | 34.7% |
| 2024 | $0.16 | $0.69 | 434.2% |
| 2023 | $4.28 | $0.66 | 15.5% |
| 2022 | $4.66 | $0.63 | 13.5% |
| 2021 | ($12.68) | $0.30 | N/A (Loss) |
| 2020 | $1.82 | $0.38 | 20.7% |
| 2019 | $3.60 | $1.51 | 41.9% |
| 2018 | $5.13 | $1.51 | 29.4% |
| 2017 | $2.03 | $1.51 | 74.4% |
| 2016 | $3.26 | $1.49 | 45.8% |
| 2015 | $4.30 | $1.39 | 32.4% |
| 2014 | $3.93 | $1.19 | 30.2% |
| 2013 | $3.29 | $0.95 | 28.9% |
| 2012 | $2.96 | $0.80 | 27.0% |
| 2011 | $2.00 | $0.35 | 17.5% |
| 2010 | $0.78 | $0.20 | 25.6% |
| 2009 | ($11.40) | $0.20 | N/A (Loss) |
| 2008 | $2.00 | $0.53 | 26.4% |
| 2007 | $1.84 | $0.52 | 28.1% |
| 2006 | $3.30 | $0.51 | 15.4% |
| 2005 | $1.97 | $0.39 | 19.5% |
| 2004 | $1.88 | $0.27 | 14.1% |
| 2003 | $2.08 | $0.19 | 9.0% |
| 2002 | ($0.71) | $0.00 | N/A (Loss) |
| 2001 | ($0.45) | $0.00 | N/A (Loss) |
| 2000 | $1.89 | $0.00 | 0.0% |
| 1999 | $1.58 | $0.00 | 0.0% |
| 1998 | $1.28 | $0.00 | 0.0% |
| 1997 | $0.64 | $0.00 | 0.0% |
Macy's, Inc. Dividend Payout Ratio Formula & Definition
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. Lower leaves more room to grow the dividend; a ratio persistently above 100% means dividends exceed earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Macy's, Inc. Dividend Payout Ratio FAQ
- What is the dividend payout ratio for Macy's, Inc. (M)?
- The dividend payout ratio for M stock is 31.02%.
- Is Macy's, Inc.'s dividend payout ratio high or low?
- Macy's, Inc.'s dividend payout ratio of 31.02% is 22% below its 5-year average of 39.77%, near the low end of its 5-year range (0.00%–181.27%).
- What is the TTM average dividend payout ratio for Macy's, Inc. (M)?
- The TTM average dividend payout ratio for M stock is 38.25%.
- What is the 3Y average dividend payout ratio for Macy's, Inc. (M)?
- The 3Y average dividend payout ratio for M stock is 58.07%.
- What is the 5Y average dividend payout ratio for Macy's, Inc. (M)?
- The 5Y average dividend payout ratio for M stock is 22.64%.
- What is the 10Y average dividend payout ratio for Macy's, Inc. (M)?
- The 10Y average dividend payout ratio for M stock is 42.95%.
- What is the 15Y average dividend payout ratio for Macy's, Inc. (M)?
- The 15Y average dividend payout ratio for M stock is 32.42%.
- What is the 20Y average dividend payout ratio for Macy's, Inc. (M)?
- The 20Y average dividend payout ratio for M stock is 29.07%.
Macy's, Inc. Dividend Payout Ratio History
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-06-22 | 31.02% |
| 2026-06-18 | 31.04% |
| 2026-06-16 | 31.03% |
| 2026-06-12 | 30.66% |
| 2026-06-10 | 30.65% |
| 2026-06-08 | 30.66% |
| 2026-06-04 | 30.66% |
| 2026-06-02 | 31.84% |
| 2026-05-29 | 31.84% |
| 2026-05-27 | 31.83% |
| 2026-05-22 | 31.86% |
| 2026-05-20 | 31.84% |
| 2026-05-18 | 31.83% |
| 2026-05-14 | 31.83% |
| 2026-05-12 | 31.83% |
| 2026-05-08 | 31.85% |
| 2026-05-06 | 31.83% |
| 2026-05-04 | 31.84% |
| 2026-04-30 | 31.85% |
| 2026-04-28 | 31.82% |
| 2026-04-24 | 31.83% |
| 2026-04-22 | 31.85% |
| 2026-04-20 | 31.82% |
| 2026-04-16 | 31.82% |
| 2026-04-14 | 31.83% |
| 2026-04-10 | 31.84% |
| 2026-04-08 | 31.86% |
| 2026-04-06 | 31.82% |
| 2026-04-01 | 31.83% |
| 2026-03-30 | 31.85% |
| 2026-03-26 | 43.47% |
| 2026-03-24 | 43.45% |
| 2026-03-20 | 43.45% |
| 2026-03-18 | 43.44% |
| 2026-03-16 | 43.44% |
| 2026-03-12 | 42.92% |
| 2026-03-10 | 42.91% |
| 2026-03-06 | 42.93% |
| 2026-03-04 | 42.92% |
| 2026-03-02 | 42.90% |
| 2026-02-26 | 42.92% |
| 2026-02-24 | 42.91% |
| 2026-02-20 | 42.91% |
| 2026-02-18 | 42.90% |
| 2026-02-13 | 42.91% |
| 2026-02-11 | 42.91% |
| 2026-02-09 | 42.92% |
| 2026-02-05 | 42.92% |
| 2026-02-03 | 42.92% |
| 2026-01-30 | 42.93% |
| 2026-01-28 | 42.93% |
| 2026-01-26 | 42.93% |
| 2026-01-22 | 42.91% |
| 2026-01-20 | 42.92% |
| 2026-01-15 | 42.92% |
| 2026-01-13 | 42.91% |
| 2026-01-09 | 42.92% |
| 2026-01-07 | 42.91% |
| 2026-01-05 | 42.91% |
| 2025-12-31 | 42.92% |
| 2025-12-29 | 42.92% |
| 2025-12-24 | 42.92% |
| 2025-12-22 | 42.92% |
| 2025-12-18 | 42.91% |
| 2025-12-16 | 42.92% |
| 2025-12-12 | 42.42% |
| 2025-12-10 | 42.40% |
| 2025-12-08 | 40.98% |
| 2025-12-04 | 40.99% |
| 2025-12-02 | 40.98% |
| 2025-11-28 | 40.98% |
| 2025-11-25 | 40.98% |
| 2025-11-21 | 40.99% |
| 2025-11-19 | 40.97% |
| 2025-11-17 | 40.96% |
| 2025-11-13 | 40.98% |
| 2025-11-11 | 40.96% |
| 2025-11-07 | 40.99% |
| 2025-11-05 | 40.96% |
| 2025-11-03 | 40.96% |
| 2025-10-30 | 40.99% |
| 2025-10-28 | 40.99% |
| 2025-10-24 | 40.97% |
| 2025-10-22 | 40.98% |
| 2025-10-20 | 40.98% |
| 2025-10-16 | 40.98% |
| 2025-10-14 | 40.96% |
| 2025-10-10 | 40.96% |
| 2025-10-08 | 40.97% |
| 2025-10-06 | 40.97% |
| 2025-10-02 | 40.98% |
| 2025-09-30 | 40.97% |
| 2025-09-26 | 40.97% |
| 2025-09-24 | 40.98% |
| 2025-09-22 | 40.97% |
| 2025-09-18 | 40.98% |
| 2025-09-16 | 40.99% |
| 2025-09-12 | 40.46% |
| 2025-09-10 | 40.46% |
| 2025-09-08 | 35.96% |
| 2025-09-04 | 35.98% |
| 2025-09-02 | 35.95% |
| 2025-08-28 | 35.98% |
| 2025-08-26 | 35.98% |
| 2025-08-22 | 35.98% |
| 2025-08-20 | 36.00% |
| 2025-08-18 | 35.96% |
| 2025-08-14 | 35.99% |
| 2025-08-12 | 35.97% |
| 2025-08-08 | 35.96% |
| 2025-08-06 | 35.99% |
| 2025-08-04 | 35.97% |
| 2025-07-31 | 35.98% |
| 2025-07-29 | 35.96% |
| 2025-07-25 | 35.99% |
| 2025-07-23 | 36.00% |
| 2025-07-21 | 35.99% |
| 2025-07-17 | 35.97% |
| 2025-07-15 | 35.99% |
| 2025-07-11 | 35.98% |
| 2025-07-09 | 35.95% |
| 2025-07-07 | 35.98% |
| 2025-07-02 | 35.95% |
| 2025-06-30 | 35.98% |
| 2025-06-26 | 35.99% |
| 2025-06-24 | 35.97% |
| 2025-06-20 | 35.96% |
| 2025-06-17 | 35.96% |
| 2025-06-13 | 44.77% |
| 2025-06-11 | 35.52% |
| 2025-06-09 | 35.55% |
| 2025-06-05 | 35.53% |
| 2025-06-03 | 34.16% |
| 2025-05-30 | 34.14% |
| 2025-05-28 | 34.18% |
| 2025-05-23 | 34.17% |
| 2025-05-21 | 34.15% |
| 2025-05-19 | 34.18% |
| 2025-05-15 | 34.15% |
| 2025-05-13 | 34.16% |
| 2025-05-09 | 34.15% |
| 2025-05-07 | 34.14% |
| 2025-05-05 | 34.16% |
| 2025-05-01 | 34.15% |
| 2025-04-29 | 34.16% |
| 2025-04-25 | 34.17% |
| 2025-04-23 | 34.13% |
| 2025-04-21 | 34.13% |
| 2025-04-16 | 34.18% |
| 2025-04-14 | 34.18% |
| 2025-04-10 | 34.16% |
| 2025-04-08 | 34.19% |
| 2025-04-04 | 34.19% |
| 2025-04-02 | 34.13% |
| 2025-03-31 | 34.17% |
| 2025-03-27 | 34.16% |
| 2025-03-25 | 34.14% |
| 2025-03-21 | 34.17% |
| 2025-03-19 | 119.35% |
| 2025-03-17 | 119.36% |
| 2025-03-13 | 117.87% |
| 2025-03-11 | 117.88% |
| 2025-03-07 | 117.86% |
| 2025-03-05 | 117.87% |
| 2025-03-03 | 117.88% |
| 2025-02-27 | 117.86% |
| 2025-02-25 | 117.87% |
| 2025-02-21 | 117.84% |
| 2025-02-19 | 117.88% |
| 2025-02-14 | 117.85% |
| 2025-02-12 | 117.85% |
| 2025-02-10 | 117.87% |
| 2025-02-06 | 117.88% |
| 2025-02-04 | 117.86% |
| 2025-01-31 | 117.87% |
| 2025-01-29 | 117.85% |
| 2025-01-27 | 117.86% |
| 2025-01-23 | 117.88% |
| 2025-01-21 | 117.85% |
| 2025-01-16 | 117.87% |
| 2025-01-14 | 117.85% |
| 2025-01-10 | 117.86% |
| 2025-01-07 | 117.85% |
| 2025-01-03 | 117.85% |
| 2024-12-31 | 117.87% |
| 2024-12-27 | 117.85% |
| 2024-12-24 | 117.85% |
| 2024-12-20 | 117.87% |
| 2024-12-18 | 117.87% |
| 2024-12-16 | 117.85% |
| 2024-12-12 | 116.47% |
| 2024-12-10 | 107.25% |
| 2024-12-06 | 107.26% |
| 2024-12-04 | 107.28% |
| 2024-12-02 | 107.25% |
| 2024-11-27 | 107.28% |
| 2024-11-25 | 107.28% |
| 2024-11-21 | 107.28% |
| 2024-11-19 | 107.28% |
| 2024-11-15 | 107.25% |
| 2024-11-13 | 107.28% |
| 2024-11-11 | 107.27% |
| 2024-11-07 | 107.25% |
| 2024-11-05 | 107.28% |
| 2024-11-01 | 107.27% |
| 2024-10-30 | 107.27% |
| 2024-10-28 | 107.25% |
| 2024-10-24 | 107.27% |
| 2024-10-22 | 107.26% |
| 2024-10-18 | 107.26% |
| 2024-10-16 | 107.28% |
| 2024-10-14 | 107.26% |
| 2024-10-10 | 107.29% |
| 2024-10-08 | 107.26% |
| 2024-10-04 | 107.28% |
| 2024-10-02 | 107.25% |
| 2024-09-30 | 107.28% |
| 2024-09-26 | 107.29% |
| 2024-09-24 | 107.28% |
| 2024-09-20 | 107.28% |
| 2024-09-18 | 107.29% |
| 2024-09-16 | 107.27% |
| 2024-09-12 | 105.95% |
| 2024-09-10 | 105.97% |
| 2024-09-06 | 105.98% |
| 2024-09-04 | 105.99% |
| 2024-05-28 | 181.25% |
| 2024-05-23 | 181.23% |
| 2024-05-21 | 181.25% |
| 2024-05-17 | 181.24% |
| 2024-05-15 | 181.26% |
| 2024-05-13 | 181.26% |
| 2024-05-09 | 181.23% |
| 2024-05-07 | 181.25% |
| 2024-05-03 | 181.24% |
| 2024-05-01 | 181.26% |
| 2024-04-29 | 181.26% |
| 2024-04-25 | 181.26% |
| 2024-04-23 | 181.25% |
| 2024-04-19 | 181.27% |
| 2024-04-17 | 181.24% |
| 2024-04-15 | 181.25% |
| 2024-04-11 | 181.24% |
| 2024-04-09 | 181.24% |
| 2024-04-05 | 181.25% |
| 2024-04-03 | 181.26% |
| 2024-04-01 | 181.26% |
| 2024-03-27 | 181.26% |
| 2024-03-25 | 181.24% |
| 2024-03-21 | 27.23% |
| 2024-03-19 | 27.24% |
| 2024-03-15 | 27.25% |
| 2024-03-13 | 20.18% |
| 2024-03-11 | 26.91% |
| 2024-03-07 | 26.90% |
| 2024-03-05 | 26.91% |
| 2024-03-01 | 26.89% |
| 2024-02-28 | 26.88% |
| 2024-02-26 | 26.91% |
| 2024-02-22 | 26.89% |
Showing the most recent 260 of 2,209 data points. The chart above shows the full history.
About Macy's, Inc.
Macy's, Inc. is a prominent retail enterprise that employs an omnichannel strategy, serving customers through its extensive network of physical department stores, dedicated e-commerce websites, and convenient mobile applications. The company offers a broad assortment of merchandise, including apparel and accessories for men, women, and children, cosmetics, home furnishings, and other general consumer goods. As of January 29, 2022, Macy's operated 725 department stores domestically in locations such as the District of Columbia, Puerto Rico, and Guam. These stores are branded under several well-known names like Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and the beauty retailer bluemercury. Internationally, Macy's also extends its reach through licensing agreements, with operations in Dubai, United Arab Emirates, and Al Zahra, Kuwait. The company maintains a presence in the beauty and spa retail sector. Originally established in 1830, the company was previously known as Federated Department Stores, Inc. It officially changed its name to Macy's, Inc. in June 2007, and its corporate headquarters are located in New York, New York.
- Sector
- Consumer Cyclical
- Industry
- Department Stores
- CEO
- Antony Spring