Baxter International (BAX) Dividend History & Yield
Baxter International (BAX) has increased its dividend for multiple years and currently yields 1.92%. The most recent dividend was $0.0100/share on Apr 1, 2026, paid Quarterly.
Current Yield
1.92%
TTM Dividend/Share
$0.36
Payment Frequency
Quarterly
Payout Ratio
-36.4%
Consecutive Growth Years
0
Div Growth (1Y CAGR)
-50.00%
Div Growth (5Y CAGR)
-11.45%
Div Growth (10Y CAGR)
-4.16%
BAX: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
-9.5%
FCF payout ratio
0.7%
Net debt / EBITDA
10.3x
Interest coverage
-1.09x
ROIC (TTM)
-3.5%
Dividend Safety Score
3 out of 8 checks passed
Payout ratio below 75%
Payout ratio is -36.4%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($0.63) covers dividend/share ($0.36).
No dividend cuts in 10+ years
2 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 0.7%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 10.3x.
Dividend growth ≤ earnings growth (5Y)
Earnings are negative while dividends are still growing — unsustainable.
Per-payment dividend history
Ex-date May 29, 2026
- Payment date
- Jul 1, 2026
- Dividend
- $0.0100
- Adj. dividend
- $0.0100
Ex-date Feb 27, 2026
- Payment date
- Apr 1, 2026
- Dividend
- $0.0100
- Adj. dividend
- $0.0100
Ex-date Nov 28, 2025
- Payment date
- Jan 2, 2026
- Dividend
- $0.0100
- Adj. dividend
- $0.0100
Ex-date Aug 29, 2025
- Payment date
- Oct 1, 2025
- Dividend
- $0.1700
- Adj. dividend
- $0.1700
Ex-date May 30, 2025
- Payment date
- Jul 1, 2025
- Dividend
- $0.1700
- Adj. dividend
- $0.1700
Ex-date Feb 28, 2025
- Payment date
- Apr 1, 2025
- Dividend
- $0.1700
- Adj. dividend
- $0.1700
Ex-date Nov 29, 2024
- Payment date
- Jan 2, 2025
- Dividend
- $0.1700
- Adj. dividend
- $0.1700
Ex-date Aug 30, 2024
- Payment date
- Oct 1, 2024
- Dividend
- $0.2900
- Adj. dividend
- $0.2900
Ex-date May 31, 2024
- Payment date
- Jul 1, 2024
- Dividend
- $0.2900
- Adj. dividend
- $0.2900
Ex-date Feb 29, 2024
- Payment date
- Apr 1, 2024
- Dividend
- $0.2900
- Adj. dividend
- $0.2900
Ex-date Nov 30, 2023
- Payment date
- Jan 2, 2024
- Dividend
- $0.2900
- Adj. dividend
- $0.2900
Ex-date Aug 31, 2023
- Payment date
- Oct 2, 2023
- Dividend
- $0.2900
- Adj. dividend
- $0.2900
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 29, 2026 | Jul 1, 2026 | $0.0100 | $0.0100 |
| Feb 27, 2026 | Apr 1, 2026 | $0.0100 | $0.0100 |
| Nov 28, 2025 | Jan 2, 2026 | $0.0100 | $0.0100 |
| Aug 29, 2025 | Oct 1, 2025 | $0.1700 | $0.1700 |
| May 30, 2025 | Jul 1, 2025 | $0.1700 | $0.1700 |
| Feb 28, 2025 | Apr 1, 2025 | $0.1700 | $0.1700 |
| Nov 29, 2024 | Jan 2, 2025 | $0.1700 | $0.1700 |
| Aug 30, 2024 | Oct 1, 2024 | $0.2900 | $0.2900 |
| May 31, 2024 | Jul 1, 2024 | $0.2900 | $0.2900 |
| Feb 29, 2024 | Apr 1, 2024 | $0.2900 | $0.2900 |
| Nov 30, 2023 | Jan 2, 2024 | $0.2900 | $0.2900 |
| Aug 31, 2023 | Oct 2, 2023 | $0.2900 | $0.2900 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
The table shows 31 year-over-year increases across 44 calendar years of data (1982–2025).
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $0.5200 | — | — |
| 2025 | $1.0400 | $0.5200 | -50.0% |
| 2024 | $1.1600 | $1.0400 | -10.3% |
| 2023 | $1.1500 | $1.1600 | +0.9% |
| 2022 | $1.0850 | $1.1500 | +6.0% |
| 2021 | $0.9550 | $1.0850 | +13.6% |
| 2020 | $0.8500 | $0.9550 | +12.4% |
| 2019 | $0.7300 | $0.8500 | +16.4% |
| 2018 | $0.6100 | $0.7300 | +19.7% |
| 2017 | $0.5050 | $0.6100 | +20.8% |
| 2016 | $0.7949 | $0.5050 | -36.5% |
| 2015 | $1.1135 | $0.7949 | -28.6% |
| 2014 | $1.0429 | $1.1135 | +6.8% |
| 2013 | $0.8528 | $1.0429 | +22.3% |
| 2012 | $0.6871 | $0.8528 | +24.1% |
| 2011 | $0.6410 | $0.6871 | +7.2% |
| 2010 | $0.5812 | $0.6410 | +10.3% |
| 2009 | $0.4965 | $0.5812 | +17.1% |
| 2008 | $0.3922 | $0.4965 | +26.6% |
| 2007 | $0.3161 | $0.3922 | +24.1% |
| 2006 | $0.3161 | $0.3161 | 0.0% |
| 2005 | $0.3161 | $0.3161 | 0.0% |
| 2004 | $0.3161 | $0.3161 | 0.0% |
| 2003 | $0.3161 | $0.3161 | 0.0% |
| 2002 | $0.3161 | $0.3161 | 0.0% |
| 2001 | $1.0530 | $0.3161 | -70.0% |
| 2000 | $0.3153 | $1.0530 | +233.9% |
| 1999 | $0.3153 | $0.3153 | 0.0% |
| 1998 | $0.3140 | $0.3153 | +0.4% |
| 1997 | $1.2952 | $0.3140 | -75.8% |
| 1996 | $0.3009 | $1.2952 | +330.4% |
| 1995 | $0.2781 | $0.3009 | +8.2% |
| 1994 | $0.2716 | $0.2781 | +2.4% |
| 1993 | $0.2175 | $0.2716 | +24.9% |
| 1992 | $0.1825 | $0.2175 | +19.2% |
| 1991 | $0.1579 | $0.1825 | +15.6% |
| 1990 | $0.1381 | $0.1579 | +14.3% |
| 1989 | $0.1233 | $0.1381 | +12.0% |
| 1988 | $0.1085 | $0.1233 | +13.6% |
| 1987 | $0.0987 | $0.1085 | +10.0% |
| 1986 | $0.0908 | $0.0987 | +8.7% |
| 1985 | $0.0809 | $0.0908 | +12.2% |
| 1984 | $0.0691 | $0.0809 | +17.1% |
| 1983 | $0.0567 | $0.0691 | +21.7% |
| 1982 | — | $0.0567 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Baxter International (BAX) from the consolidated cash flow statement, in USD as filed.
Latest period
$266.00M
YoY change
-41.0%
5Y CAGR
-6.0%
Peak year (2014)
$1.09B
Latest annual
$348.00M
Cash dividends paid over time for Baxter International (BAX)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Baxter International (BAX)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $348.00M | -41.0% | -$242.00M | ||
| 2024 | $590.00M | +0.7% | +$4.00M | ||
| 2023 | $586.00M | +2.3% | +$13.00M | ||
| 2022 | $573.00M | +8.1% | +$43.00M | ||
| 2021 | $530.00M | +12.1% | +$57.00M | ||
| 2020 | $473.00M | +11.8% | +$50.00M | ||
| 2019 | $423.00M | +12.5% | +$47.00M | ||
| 2018 | $376.00M | +19.4% | +$61.00M | ||
| 2017 | $315.00M | +17.5% | +$47.00M | ||
| 2016 | $268.00M | -70.5% | -$642.00M | ||
| 2015 | $910.00M | -16.9% | -$185.00M | ||
| 2014 | $1.09B | +7.0% | +$72.00M | ||
| 2013 | $1.02B | +27.2% | +$219.00M | ||
| 2012 | $804.00M | +13.4% | +$95.00M | ||
| 2011 | $709.00M | +3.1% | +$21.00M | ||
| 2010 | $688.00M | +8.9% | +$56.00M | ||
| 2009 | $632.00M | +15.8% | +$86.00M | ||
| 2008 | $546.00M | -22.4% | -$158.00M | ||
| 2007 | $704.00M | — | +$704.00M | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | — | $0 | ||
| 1991 | $0 | — | $0 | ||
| 1990 | $0 | — | $0 | ||
| 1989 | $0 | — | — |
The 2025 reading of Baxter International (BAX) dividends paid is $348.00M – plunged 41.0% year-over-year.
Over 2020–2025 (5 years), Baxter International dividends paid expanded at a -6.0% compound annual rate, with a net decline across the window.
Baxter International dividends paid peaked at $1.09B in 2014; the latest annual figure is $348.00M in 2025 (68.2% below peak).
$1.09B stands as the all-time-high annual dividends paid, posted in 2014, against a low of $0 during 1989.
Among 8 Healthcare peers, Baxter International (BAX) ranks 9th; the peer median for dividends paid is $8.05B.
Baxter International Dividends Paid 2025: $348.00M
Baxter International dividends paid in 2025 was $348.00M, plunged 41.0% below 2024.
Baxter International Dividends Paid 2024: $590.00M
Baxter International dividends paid in 2024 was $590.00M, edged up 0.7% from 2023.
Baxter International Dividends Paid 2023: $586.00M
Baxter International dividends paid in 2023 was $586.00M, edged up 2.3% from 2022.
Baxter International Dividends Paid 2022: $573.00M
Baxter International dividends paid in 2022 was $573.00M, grew 8.1% from 2021.
Baxter International Dividends Paid 2021: $530.00M
Baxter International dividends paid in 2021 was $530.00M.
See more financial history for Baxter International (BAX).
Sector peers by dividends paid
Companies in the same sector as Baxter International, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Novo Nordisk (NVO) | $51.76B | Healthcare |
| Johnson & Johnson (JNJ) | $12.38B | Healthcare |
| AbbVie (ABBV) | $11.66B | Healthcare |
| Merck & Co. (MRK) | $8.18B | Healthcare |
| UnitedHealth Group (UNH) | $7.92B | Healthcare |
| Eli Lilly (LLY) | $5.38B | Healthcare |
| Amgen (AMGN) | $5.12B | Healthcare |
| AstraZeneca (AZN) | $5.08B | Healthcare |
Frequently asked questions
Does Baxter International pay dividends?
Yes, Baxter International (BAX) pays quarterly dividends of approximately $0.36 per share annually, yielding 1.92%.
What is Baxter International's dividend yield?
Baxter International (BAX) has a current dividend yield of 1.92%.
Is Baxter International's dividend safe?
Baxter International (BAX) passes 3 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
Is Baxter International a yield trap?
Baxter International (BAX) shows 2 warning signals: Dividend growth rate declining for multiple years; Dividends declining for 3+ consecutive years. Investors should review fundamentals carefully.
How many consecutive years has Baxter International increased its dividend?
Baxter International (BAX) has 0 consecutive years of dividend increases.
What is Baxter International's dividend payout ratio?
Baxter International (BAX) has a dividend payout ratio of -36.4%. Sourced from vendor ratio data (fiscal year or latest period).
What is Baxter International's dividends paid?
Latest reported dividends paid for Baxter International (BAX) is $266.00M (period ending March 31, 2026).
How has Baxter International dividends paid changed year-over-year?
Baxter International (BAX) dividends paid changed -41.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Baxter International dividends paid?
Baxter International (BAX) dividends paid compound annual growth rate is -6.0% over the most recent 5 years available.
When did Baxter International dividends paid hit its highest annual value?
Baxter International dividends paid reached its highest annual value of $1.09B in 2014.
What was Baxter International dividends paid in 2024?
Baxter International (BAX) dividends paid in 2024 was $590.00M.
What was Baxter International dividends paid in 2025?
Baxter International (BAX) dividends paid in 2025 was $348.00M.
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