Current Yield
3.16%
TTM Dividend/Share
$5.64
Payment Frequency
Quarterly
Payout Ratio
105.1%
Consecutive Growth Years
0
Key takeaways
- Hershey (HSY) currently yields 3.16%, paying $5.64 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 105.1% — the share of earnings distributed as dividends.
- 5 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 11.68%.
Dividend yield valuation for Hershey (HSY)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Above average — potential buy zone |
Current yield (now) | 3.16% |
1-year average yield | 2.93%now 0.23 pp above |
3-year average yield | 2.81%now 0.35 pp above |
5-year average yield | 2.35%now 0.81 pp above |
HSY: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Hershey (HSY)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 14.8% |
FCF payout ratio | 13.7% |
Net debt / EBITDA | 2.1x |
Interest coverage | 7.81x |
ROIC (TTM) | 12.2% |
Dividend safety score for Hershey (HSY)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
5 of 8 checks passed
Payout ratio below 75%
Payout ratio is 105.1%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $1.1B — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown 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 13.7%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 2.1x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (11.7%) exceeds EPS growth (0.3%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
164 payments from 1985 to 2026 · Adj. Dividend is split-adjusted
| May 15, 2026 | Jun 15, 2026 | $1.4520 | $1.4520 |
| Feb 17, 2026 | Mar 16, 2026 | $1.4520 | $1.4520 |
| Nov 17, 2025 | Dec 15, 2025 | $1.3700 | $1.3700 |
| Aug 15, 2025 | Sep 15, 2025 | $1.3700 | $1.3700 |
| May 16, 2025 | Jun 16, 2025 | $1.3700 | $1.3700 |
| Feb 14, 2025 | Mar 14, 2025 | $1.3700 | $1.3700 |
| Nov 18, 2024 | Dec 16, 2024 | $1.3700 | $1.3700 |
| Aug 16, 2024 | Sep 16, 2024 | $1.3700 | $1.3700 |
| May 16, 2024 | Jun 14, 2024 | $1.3700 | $1.3700 |
| Feb 16, 2024 | Mar 15, 2024 | $1.3700 | $1.3700 |
| Nov 16, 2023 | Dec 15, 2023 | $1.1920 | $1.1920 |
| Aug 17, 2023 | Sep 15, 2023 | $1.1920 | $1.1920 |
- May 15, 2026$1.4520
- Feb 17, 2026$1.4520
- Nov 17, 2025$1.3700
- Aug 15, 2025$1.3700
- May 16, 2025$1.3700
- Feb 14, 2025$1.3700
- Nov 18, 2024$1.3700
- Aug 16, 2024$1.3700
- May 16, 2024$1.3700
- Feb 16, 2024$1.3700
- Nov 16, 2023$1.1920
- Aug 17, 2023$1.1920
Historical dividend yield for Hershey (HSY)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 2.93%5Y: 2.35%10Y: 2.27%
Dividend per share for Hershey (HSY)
CAGR (per year)1Y: 0.00%5Y: 11.68%10Y: 9.38%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 1985 | $0.06 | 2 |
| 1986 | $0.13 | 4 |
| 1987 | $0.14 | 4 |
| 1988 | $0.17 | 4 |
| 1989 | $0.18 | 4 |
| 1990 | $0.25 | 4 |
| 1991 | $0.23 | 4 |
| 1992 | $0.26 | 4 |
| 1993 | $0.28 | 4 |
| 1994 | $0.31 | 4 |
| 1995 | $0.34 | 4 |
| 1996 | $0.38 | 4 |
| 1997 | $0.42 | 4 |
| 1998 | $0.46 | 4 |
| 1999 | $0.50 | 4 |
| 2000 | $0.54 | 4 |
| 2001 | $0.58 | 4 |
| 2002 | $0.63 | 4 |
| 2003 | $0.72 | 4 |
| 2004 | $0.83 | 4 |
| 2005 | $0.93 | 4 |
| 2006 | $1.03 | 4 |
| 2007 | $1.14 | 4 |
| 2008 | $1.19 | 4 |
| 2009 | $1.19 | 4 |
| 2010 | $1.28 | 4 |
| 2011 | $1.38 | 4 |
| 2012 | $1.56 | 4 |
| 2013 | $1.81 | 4 |
| 2014 | $2.04 | 4 |
| 2015 | $2.24 | 4 |
| 2016 | $2.40 | 4 |
| 2017 | $2.55 | 4 |
| 2018 | $2.76 | 4 |
| 2019 | $2.99 | 4 |
| 2020 | $3.15 | 4 |
| 2021 | $3.41 | 4 |
| 2022 | $3.87 | 4 |
| 2023 | $4.46 | 4 |
| 2024 | $5.48 | 4 |
| 2025 | $5.48 | 4 |
| 2026 | $2.90 | 2 |
Dividend growth for Hershey (HSY)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
The table shows 36 year-over-year increases across 40 calendar years of data (1986–2025).
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $5.4800 | — | — |
| 2025 | $5.4800 | $5.4800 | 0.0% |
| 2024 | $4.4560 | $5.4800 | +23.0% |
| 2023 | $3.8740 | $4.4560 | +15.0% |
| 2022 | $3.4100 | $3.8740 | +13.6% |
| 2021 | $3.1540 | $3.4100 | +8.1% |
| 2020 | $2.9900 | $3.1540 | +5.5% |
| 2019 | $2.7560 | $2.9900 | +8.5% |
| 2018 | $2.5480 | $2.7560 | +8.2% |
| 2017 | $2.4020 | $2.5480 | +6.1% |
| 2016 | $2.2360 | $2.4020 | +7.4% |
| 2015 | $2.0400 | $2.2360 | +9.6% |
| 2014 | $1.8100 | $2.0400 | +12.7% |
| 2013 | $1.5600 | $1.8100 | +16.0% |
| 2012 | $1.3800 | $1.5600 | +13.0% |
| 2011 | $1.2800 | $1.3800 | +7.8% |
| 2010 | $1.1900 | $1.2800 | +7.6% |
| 2009 | $1.1900 | $1.1900 | 0.0% |
| 2008 | $1.1350 | $1.1900 | +4.8% |
| 2007 | $1.0300 | $1.1350 | +10.2% |
| 2006 | $0.9300 | $1.0300 | +10.8% |
| 2005 | $0.8350 | $0.9300 | +11.4% |
| 2004 | $0.7225 | $0.8350 | +15.6% |
| 2003 | $0.6305 | $0.7225 | +14.6% |
| 2002 | $0.5830 | $0.6305 | +8.1% |
| 2001 | $0.5400 | $0.5830 | +8.0% |
| 2000 | $0.5000 | $0.5400 | +8.0% |
| 1999 | $0.4600 | $0.5000 | +8.7% |
| 1998 | $0.4200 | $0.4600 | +9.5% |
| 1997 | $0.3800 | $0.4200 | +10.5% |
| 1996 | $0.3425 | $0.3800 | +10.9% |
| 1995 | $0.3125 | $0.3425 | +9.6% |
| 1994 | $0.2850 | $0.3125 | +9.6% |
| 1993 | $0.2575 | $0.2850 | +10.7% |
| 1992 | $0.2350 | $0.2575 | +9.6% |
| 1991 | $0.2475 | $0.2350 | -5.1% |
| 1990 | $0.1850 | $0.2475 | +33.8% |
| 1989 | $0.1650 | $0.1850 | +12.1% |
| 1988 | $0.1450 | $0.1650 | +13.8% |
| 1987 | $0.1300 | $0.1450 | +11.5% |
| 1986 | — | $0.1300 | — |
- 2026—
- 2025$5.4800
- 2024$5.4800
- 2023$4.4560
- 2022$3.8740
- 2021$3.4100
- 2020$3.1540
- 2019$2.9900
- 2018$2.7560
- 2017$2.5480
- 2016$2.4020
- 2015$2.2360
- 2014$2.0400
- 2013$1.8100
- 2012$1.5600
- 2011$1.3800
- 2010$1.2800
- 2009$1.1900
- 2008$1.1900
- 2007$1.1350
- 2006$1.0300
- 2005$0.9300
- 2004$0.8350
- 2003$0.7225
- 2002$0.6305
- 2001$0.5830
- 2000$0.5400
- 1999$0.5000
- 1998$0.4600
- 1997$0.4200
- 1996$0.3800
- 1995$0.3425
- 1994$0.3125
- 1993$0.2850
- 1992$0.2575
- 1991$0.2350
- 1990$0.2475
- 1989$0.1850
- 1988$0.1650
- 1987$0.1450
- 1986$0.1300
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.
Frequently asked questions
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