M Dividend History & Yield
Macy's, Inc. · NYSE
Upcoming dividend payments
| Ex-date | Pay date | Per share | Per 100 shares | Status |
|---|---|---|---|---|
| Tue, Dec 15, 2026 (in 51 days) | Dec 29, 2026 | $0.192 | $19.20 | Declared |
| Tue, Mar 16, 2027 (in 142 days) | Mar 30, 2027 | $0.192 | $19.20 | Estimated |
| Tue, Jun 15, 2027 (in 233 days) | Jun 29, 2027 | $0.192 | $19.20 | Estimated |
| Tue, Sep 14, 2027 (in 324 days) | Sep 28, 2027 | $0.192 | $19.20 | Estimated |
Estimated dates and amounts are projected from M's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $0.768 per share.
Dividend payment history
Last 40 payments per share. RegularSpecial
Annual dividends per share
How much M do you need for monthly income?
| Target income | Shares needed | Capital at today's price | Per year |
|---|---|---|---|
| $100 / month | 1,563 | $37,656 | $1,200 |
| $500 / month | 7,813 | $188,281 | $6,000 |
| $1,000 / month | 15,625 | $376,563 | $12,000 |
Based on the forward yield of 3.19%. $10,000 in M would currently pay about $319 a year ($27 a month on average). Model reinvestment and growth →
M dividend history
| Ex-date | Pay date | Amount | Change |
|---|---|---|---|
| Sep 15, 2026 | — | $0.192 | +0.0% |
| Jun 15, 2026 | — | $0.192 | +0.0% |
| Mar 13, 2026 | — | $0.192 | +5.5% |
| Dec 15, 2025 | — | $0.182 | +0.0% |
| Sep 15, 2025 | — | $0.182 | +0.0% |
| Jun 13, 2025 | — | $0.182 | +0.0% |
| Mar 14, 2025 | — | $0.182 | +4.6% |
| Dec 13, 2024 | — | $0.174 | +0.0% |
| Sep 13, 2024 | — | $0.174 | +0.0% |
| Jun 14, 2024 | — | $0.174 | +0.0% |
| Mar 14, 2024 | — | $0.174 | +5.5% |
| Dec 14, 2023 | — | $0.165 | +0.0% |
| Sep 14, 2023 | — | $0.165 | +0.0% |
| Jun 14, 2023 | — | $0.165 | +0.0% |
| Mar 14, 2023 | — | $0.165 | +4.4% |
| Dec 14, 2022 | — | $0.158 | +0.0% |
| Sep 14, 2022 | — | $0.158 | +0.0% |
| Jun 14, 2022 | — | $0.158 | +0.0% |
| Mar 14, 2022 | — | $0.158 | +5.3% |
| Dec 14, 2021 | — | $0.15 | +0.0% |
| Sep 14, 2021 | — | $0.15 | -60.3% |
| Mar 12, 2020 | — | $0.378 | +0.0% |
| Dec 12, 2019 | — | $0.378 | +0.0% |
| Sep 12, 2019 | — | $0.378 | +0.0% |
M dividend increases & cuts
Market-wide changes →| Ex-date | Change | Old | New | Status |
|---|---|---|---|---|
| Mar 13, 2026 | Raised 5.5% | $0.182 | $0.192 | Paid |
Detected from the regular payment stream; supplemental and special dividends are excluded. Pro members get an email the morning a holding raises or cuts.
Payout risk check
M scores 0/100 on our yield-trap heuristic (low risk).
No warning flags: the payout ratio, yield level, 5-year cut history and price trend all look ordinary.
This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.
About Macy's, Inc.
Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells various merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and Bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. 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.
Sector: Consumer Cyclical. Industry: Department Stores. First dividend on our records: Jun 12, 2003. 89 payments tracked. Data last refreshed Oct 25, 2026. Spotted a mistake? Report it and we'll fix it.
M dividend FAQ
When is M's next ex-dividend date?
M's next ex-dividend date is Dec 15, 2026 (in 51 days, declared by the company). You must own the shares before that date to receive the payment of about $0.192 per share, expected on Dec 29, 2026.
How often does M pay dividends?
M pays dividends every quarter, 4 times a year. The most recent payment was $0.192 per share with an ex-date of Sep 15, 2026.
What is M's dividend yield?
M's trailing 12-month dividend yield is 3.15%, based on $0.758 per share paid over the last year and a share price of $24.10. The forward yield, using the indicated annual rate of $0.768 per share, is 3.19%.
How much does M pay per share?
M pays about $0.192 per share each quarter, which works out to roughly $0.768 per share a year. 100 shares would collect about $76.80 a year.
Has M grown or cut its dividend?
M has raised its annual dividend for 4 consecutive years. Over the last 5 years the regular payout has grown at 38.3% a year (+5.3% over the last year). There has been no cut to a regular payment in the last 5 years.
How many shares of M do I need to earn $100 a month?
At the current forward yield of 3.19%, you would need about 1,563 shares of M (roughly $37,656 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every quarter, so the monthly figure is an average.
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