Does M pay a dividend?

Yes. Macy's, Inc. pays a quarterly dividend, currently yielding 3.05% based on trailing twelve-month payments of $0.75 per share.

How much does M pay in dividends?

$0.75 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next M ex-dividend date?

No upcoming ex-dividend date is currently on record for M. Dates appear here once the company declares them.

M Dividend

Macy's, Inc.

NYSEConsumer CyclicalStockData as of August 12, 2026

Dividend yield: 3.05%
Annual dividend: $0.75
Payout ratio: 0.29
Frequency: Quarterly
Share price: $24.52
Market cap: $6.4B

Is M a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is above the market median3.05% against a median of 2.78% across US dividend payers.
Dividend is comfortably coveredA payout ratio of 0.29 means roughly 29% of earnings go to the dividend, leaving room to keep paying through a weaker year.
Dividend has been cut 3 timesAcross 23 complete years, the annual total fell in 2009, 2020, 2021. The most recent reduction was in 2021.
Raised for 4 consecutive yearsDerived from split-adjusted payment history and approximate; treat it as a relative signal rather than a certified record.

M dividend history

Annual dividend per share, 2003 to 2025.

Peak $1.51 in 2016Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for M, most recent first.
Ex-dividend date	Pay date	Amount	Type
June 15, 2026	July 1, 2026	$0.1915	Quarterly
March 13, 2026	April 1, 2026	$0.1915	Quarterly
December 15, 2025	January 2, 2026	$0.1824	Quarterly
September 15, 2025	October 1, 2025	$0.1824	Quarterly
June 13, 2025	July 1, 2025	$0.1824	Quarterly
March 14, 2025	April 1, 2025	$0.1824	Quarterly
December 13, 2024	January 2, 2025	$0.1737	Quarterly
September 13, 2024	October 1, 2024	$0.1737	Quarterly
June 14, 2024	July 1, 2024	$0.1737	Quarterly
March 14, 2024	April 1, 2024	$0.1737	Quarterly
December 14, 2023	January 2, 2024	$0.1654	Quarterly
September 14, 2023	October 2, 2023	$0.1654	Quarterly
June 14, 2023	July 3, 2023	$0.1654	Quarterly
March 14, 2023	April 3, 2023	$0.1654	Quarterly
December 14, 2022	January 3, 2023	$0.1575	Quarterly
September 14, 2022	October 3, 2022	$0.1575	Quarterly
June 14, 2022	July 1, 2022	$0.1570	Quarterly
March 14, 2022	April 1, 2022	$0.1570	Quarterly
December 14, 2021	January 3, 2022	$0.1500	Quarterly
September 14, 2021	October 1, 2021	$0.1500	Annual
March 12, 2020	April 1, 2020	$0.3775	Annual
December 12, 2019	January 2, 2020	$0.3775	Quarterly
September 12, 2019	October 1, 2019	$0.3775	Quarterly
June 13, 2019	July 1, 2019	$0.3775	Quarterly
March 14, 2019	April 1, 2019	$0.3775	Quarterly
December 13, 2018	January 2, 2019	$0.3775	Quarterly
September 13, 2018	October 1, 2018	$0.3775	Quarterly
June 14, 2018	July 2, 2018	$0.3775	Quarterly
March 14, 2018	April 2, 2018	$0.3775	Quarterly
December 14, 2017	January 2, 2018	$0.3775	Quarterly
September 14, 2017	October 2, 2017	$0.3775	Quarterly
June 13, 2017	July 3, 2017	$0.3775	Quarterly
March 13, 2017	April 3, 2017	$0.3775	Quarterly
December 13, 2016	January 3, 2017	$0.3775	Quarterly
September 13, 2016	October 3, 2016	$0.3775	Quarterly
June 13, 2016	July 1, 2016	$0.3775	Quarterly
March 11, 2016	April 1, 2016	$0.3600	Quarterly
December 11, 2015	January 4, 2016	$0.3600	Quarterly
September 11, 2015	October 1, 2015	$0.3600	Quarterly
June 11, 2015	July 1, 2015	$0.3600	Quarterly

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Frequently asked questions

Does M pay a dividend?: Yes. Macy's, Inc. pays a quarterly dividend, currently yielding 3.05% based on trailing twelve-month payments of $0.75 per share.
How much does M pay in dividends?: $0.75 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next M ex-dividend date?: No upcoming ex-dividend date is currently on record for M. Dates appear here once the company declares them.