Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company also operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York.
Macy's Dividend Announcement
• Macy's announced a quarterly dividend of $0.17 per ordinary share which will be made payable on 2025-01-02. Ex dividend date: 2024-12-13
• Macy's annual dividend for 2024 was $0.69
• Macy's annual dividend for 2023 was $0.66
• Macy's's trailing twelve-month (TTM) dividend yield is 4.2%
• Macy's's payout ratio for the trailing twelve months (TTM) is 112.43%
• Macy's's dividend growth over the last five years (2018-2023) was -15.21% year
• Macy's's dividend growth over the last ten years (2013-2023) was -3.55% year
Macy's Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.17 | quarterly | 2025-01-02 |
2024-09-13 | $0.17 | quarterly | 2024-10-01 |
2024-06-14 | $0.17 | quarterly | 2024-07-01 |
2024-03-14 | $0.17 | quarterly | 2024-04-01 |
2023-12-14 | $0.17 | quarterly | 2024-01-02 |
2023-09-14 | $0.17 | quarterly | 2023-10-02 |
2023-06-14 | $0.17 | quarterly | 2023-07-03 |
2023-03-14 | $0.17 | quarterly | 2023-04-03 |
2022-12-14 | $0.16 | quarterly | 2023-01-03 |
2022-09-14 | $0.16 | quarterly | 2022-10-03 |
2022-06-14 | $0.16 | quarterly | 2022-07-01 |
2022-03-14 | $0.16 | quarterly | 2022-04-01 |
2021-12-14 | $0.15 | quarterly | 2022-01-03 |
2021-09-14 | $0.15 | quarterly | 2021-10-01 |
2020-03-12 | $0.38 | quarterly | 2020-04-01 |
2019-12-12 | $0.38 | quarterly | 2020-01-02 |
2019-09-12 | $0.38 | quarterly | 2019-10-01 |
2019-06-13 | $0.38 | quarterly | 2019-07-01 |
2019-03-14 | $0.38 | quarterly | 2019-04-01 |
2018-12-13 | $0.38 | quarterly | 2019-01-02 |
2018-09-13 | $0.38 | quarterly | 2018-10-01 |
2018-06-14 | $0.38 | quarterly | 2018-07-02 |
2018-03-14 | $0.38 | quarterly | 2018-04-02 |
2017-12-14 | $0.38 | quarterly | 2018-01-02 |
2017-09-14 | $0.38 | quarterly | 2017-10-02 |
2017-06-13 | $0.38 | quarterly | 2017-07-03 |
2017-03-13 | $0.38 | quarterly | 2017-04-03 |
2016-12-13 | $0.38 | quarterly | 2017-01-03 |
2016-09-13 | $0.38 | quarterly | 2016-10-03 |
2016-06-13 | $0.38 | quarterly | 2016-07-01 |
2016-03-11 | $0.36 | quarterly | 2016-04-01 |
2015-12-11 | $0.36 | quarterly | 2016-01-04 |
2015-09-11 | $0.36 | quarterly | 2015-10-01 |
2015-06-11 | $0.36 | quarterly | 2015-07-01 |
2015-03-11 | $0.31 | quarterly | 2015-04-01 |
2014-12-11 | $0.31 | quarterly | 2015-01-02 |
2014-09-11 | $0.31 | quarterly | 2014-10-01 |
2014-06-11 | $0.31 | quarterly | 2014-07-01 |
2014-03-12 | $0.25 | quarterly | 2014-04-01 |
2013-12-11 | $0.25 | quarterly | 2014-01-02 |
2013-09-11 | $0.25 | quarterly | 2013-10-01 |
2013-06-12 | $0.25 | quarterly | 2013-07-01 |
2013-03-13 | $0.20 | quarterly | 2013-04-01 |
Macy's Dividend per year
Macy's Dividend growth
Macy's Dividend Yield
Macy's current trailing twelve-month (TTM) dividend yield is 4.2%. Interested in purchasing Macy's stock? Use our calculator to estimate your expected dividend yield:
Macy's Financial Ratios
Macy's Dividend FAQ
Other factors to consider when evaluating Macy's as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Macy's's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Macy's publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Macy's distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Macy's are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Macy's sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Macy's distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Macy's declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Macy's's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Macy's's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.