Kellanova (K) FCF Payout Ratio: 66.42%
Is Kellanova’s FCF payout ratio high or low?
Kellanova's FCF payout ratio of 66.42% is 15% below its 5-year average of 78.58%, near the low end of its 5-year range (52.80%–130.34%).
12.14% below its 12-month average of 75.60%.
K FCF Payout Ratio Chart
K Average FCF Payout Ratio Chart
K Current vs Average FCF Payout Ratio Chart
K FCF Payout Ratio Metrics
FCF PAYOUT RATIO
66.42%
FCF PAYOUT RATIO AVG TTM
75.60%
FCF PAYOUT RATIO AVG 3Y
72.09%
FCF PAYOUT RATIO AVG 5Y
78.58%
FCF PAYOUT RATIO AVG 10Y
72.44%
FCF PAYOUT RATIO AVG 15Y
69.77%
FCF PAYOUT RATIO AVG 20Y
65.30%
CURRENT VS TTM AVG
-12.14%
CURRENT VS 3Y AVG
-7.87%
CURRENT VS 5Y AVG
-15.48%
CURRENT VS 10Y AVG
-8.31%
CURRENT VS 15Y AVG
-4.80%
CURRENT VS 20Y AVG
+1.72%
Payout Ratio Comparison
FCF Payout Ratio
66.4%
Earnings Payout Ratio
29.6%
Dividend Yield
1.39%
FCF Yield
2.05%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2024 | $1.13B | $776.00M | 68.6% |
| 2023 | $968.00M | $800.00M | 82.6% |
| 2022 | $1.16B | $797.00M | 68.5% |
| 2021 | $1.15B | $788.00M | 68.6% |
| 2020 | $1.48B | $782.00M | 52.8% |
| 2019 | $590.00M | $769.00M | 130.3% |
| 2018 | $958.00M | $762.00M | 79.5% |
| 2017 | $1.15B | $736.00M | 64.3% |
| 2016 | $1.12B | $716.00M | 63.9% |
| 2015 | $1.14B | $700.00M | 61.5% |
| 2014 | $1.21B | $680.00M | 56.2% |
| 2013 | $1.17B | $653.00M | 55.8% |
| 2012 | $1.23B | $622.00M | 50.8% |
| 2011 | $1.00B | $604.00M | 60.3% |
| 2010 | $534.00M | $584.00M | 109.4% |
| 2009 | $1.27B | $546.00M | 43.1% |
| 2008 | $806.00M | $495.00M | 61.4% |
| 2007 | $1.03B | $475.00M | 46.1% |
| 2006 | $957.40M | $449.90M | 47.0% |
| 2005 | $769.10M | $435.20M | 56.6% |
| 2004 | $950.40M | $417.60M | 43.9% |
| 2003 | $923.80M | $412.40M | 44.6% |
| 2002 | $746.40M | $412.60M | 55.3% |
| 2001 | $855.50M | $409.80M | 47.9% |
| 2000 | $650.00M | $403.90M | 62.1% |
| 1999 | $230.80M | $388.70M | 168.4% |
| 1998 | $318.00M | $375.00M | 117.9% |
| 1997 | $542.00M | $360.10M | 66.4% |
| 1996 | ($101.00M) | $343.70M | N/A (Loss) |
| 1995 | $725.30M | $328.50M | 45.3% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Kellanova FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Kellanova FCF Payout Ratio FAQ
- What is the FCF payout ratio for Kellanova (K)?
- The FCF payout ratio for K stock is 66.42%.
- Is Kellanova's FCF payout ratio high or low?
- Kellanova's FCF payout ratio of 66.42% is 15% below its 5-year average of 78.58%, near the low end of its 5-year range (52.80%–130.34%).
- What is the TTM average FCF payout ratio for Kellanova (K)?
- The TTM average FCF payout ratio for K stock is 75.60%.
- What is the 3Y average FCF payout ratio for Kellanova (K)?
- The 3Y average FCF payout ratio for K stock is 72.09%.
- What is the 5Y average FCF payout ratio for Kellanova (K)?
- The 5Y average FCF payout ratio for K stock is 78.58%.
- What is the 10Y average FCF payout ratio for Kellanova (K)?
- The 10Y average FCF payout ratio for K stock is 72.44%.
- What is the 15Y average FCF payout ratio for Kellanova (K)?
- The 15Y average FCF payout ratio for K stock is 69.77%.
- What is the 20Y average FCF payout ratio for Kellanova (K)?
- The 20Y average FCF payout ratio for K stock is 65.30%.
Kellanova FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2024-12-28 | 68.55% |
| 2023-12-31 | 82.64% |
| 2022-12-31 | 68.53% |
| 2021-12-31 | 68.64% |
| 2020-12-31 | 52.80% |
| 2019-12-31 | 130.34% |
| 2018-12-31 | 79.54% |
| 2017-12-31 | 64.28% |
| 2016-12-31 | 63.87% |
| 2015-12-31 | 61.51% |
| 2014-12-31 | 56.15% |
| 2013-12-31 | 55.81% |
| 2012-12-31 | 50.78% |
| 2011-12-31 | 60.34% |
| 2010-12-31 | 109.36% |
| 2009-12-31 | 43.13% |
| 2008-12-31 | 61.41% |
| 2007-12-31 | 46.07% |
| 2006-12-31 | 46.99% |
| 2005-12-31 | 56.59% |
| 2004-12-31 | 43.94% |
| 2003-12-31 | 44.64% |
| 2002-12-31 | 55.28% |
| 2001-12-31 | 47.90% |
| 2000-12-31 | 62.14% |
| 1999-12-31 | 168.41% |
| 1998-12-31 | 117.92% |
| 1997-12-31 | 66.44% |
| 1995-12-31 | 45.29% |
About Kellanova
Kellanova, a worldwide enterprise, produces and supplies a diverse range of snack and convenience food products across North America, Europe, Latin America, the Asia Pacific region, the Middle East, Australia, and Africa. The company's primary offerings include various snack items such as crackers, savory treats, toaster pastries, assorted cereal and granola bars, and snack bites, along with crisps. Furthermore, its convenience food division features ready-to-eat breakfast cereals, frozen waffles, plant-based meal alternatives, and noodles. These items are marketed under an extensive portfolio of widely recognized brand names, prominently featuring Kellogg's, Cheez-It, Pringles, RXBAR, Eggo, Morningstar Farms, Pop-Tarts, and Special K. This vast array of brands also encompasses Austin, Parati, Bisco, Club, Luxe, Minueto, Toasteds, Town House, Zesta, Zoo Cartoon, Choco Krispis, Crunchy Nut, Kashi, Nutri-Grain, Squares, Zucaritas, Rice Krispies Treats, Sucrilhos, K-Time, Sunibrite, Split Stix, LCMs, Coco Pops, Krave, Frosties, Rice Krispies Squares, Incogmeato, Veggitizers, Gardenburger, Trink, Carr's, Kellogg's Extra, Müsli, Fruit 'n Fibre, Kellogg's Crunchy Nut, Country Store, Smacks, Honey Bsss, Zimmy's, Toppas, Tresor, Froot Ring, Chocos, Chex, Guardian, Just Right, Sultana Bran, Rice Bubbles, Sustain, Choco Krispies, Melvin, Cornelius, Chocovore, Poperto, Pops the Bee, and Sammy the Seal. Kellanova distributes its products to retailers through its own dedicated sales teams, as well as via independent brokers and distributors. The company, originally established in 1906, was known as Kellogg Company before adopting the name Kellanova in October 2023. Its main corporate office is situated in Chicago, Illinois.
- Sector
- Consumer Defensive
- Industry
- Food Confectioners
- CEO
- Steven A. Cahillane