Current Yield
1.85%
TTM Dividend/Share
$2.94
Payment Frequency
Annual
Payout Ratio
46.2%
Consecutive Growth Years
3
Key takeaways
- SAP (SAP) has raised its dividend for 3 consecutive years.
- SAP (SAP) currently yields 1.85%, paying $2.94 per share over the trailing twelve months, distributed annual.
- Payout ratio is 46.2% — the share of earnings distributed as dividends.
- 5 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 8.69% (growth is accelerating).
Dividend yield valuation for SAP (SAP)
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) | 1.85% |
1-year average yield | 1.09%now 0.76 pp above |
3-year average yield | 1.16%now 0.69 pp above |
5-year average yield | 1.51%now 0.34 pp above |
SAP: 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 SAP (SAP)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 10.5% |
FCF payout ratio | 0.2% |
Net debt / EBITDA | -0.8x |
Interest coverage | 7.52x |
ROIC (TTM) | 17.4% |
Dividend safety score for SAP (SAP)
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 46.2%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $5.4B — FCF fully covers the payout.
No dividend cuts in 10+ years
2 dividend cut(s) 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 3 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 0.2%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is -0.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (8.7%) exceeds EPS growth (7.7%) — 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
32 payments from 1996 to 2026 · Adj. Dividend is split-adjusted
| May 6, 2026 | — | $0.0000 | $0.0000 |
| May 5, 2026 | May 15, 2026 | $2.9407 | $2.9407 |
| May 13, 2025 | May 23, 2025 | $2.6298 | $2.6298 |
| May 16, 2024 | May 28, 2024 | $2.3913 | $2.3913 |
| May 12, 2023 | May 22, 2023 | $2.2330 | $2.2330 |
| May 19, 2022 | May 31, 2022 | $2.6085 | $2.6085 |
| May 13, 2021 | May 25, 2021 | $2.2599 | $2.2599 |
| May 21, 2020 | Jun 2, 2020 | $1.7337 | $1.7337 |
| May 16, 2019 | May 28, 2019 | $1.6743 | $1.6743 |
| May 18, 2018 | May 29, 2018 | $1.6546 | $1.6546 |
| May 11, 2017 | May 22, 2017 | $1.3721 | $1.3721 |
| May 10, 2016 | May 20, 2016 | $1.3052 | $1.3052 |
- May 6, 2026$0.0000
- May 5, 2026$2.9407
- May 13, 2025$2.6298
- May 16, 2024$2.3913
- May 12, 2023$2.2330
- May 19, 2022$2.6085
- May 13, 2021$2.2599
- May 21, 2020$1.7337
- May 16, 2019$1.6743
- May 18, 2018$1.6546
- May 11, 2017$1.3721
- May 10, 2016$1.3052
Historical dividend yield for SAP (SAP)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 1.09%5Y: 1.51%10Y: 1.46%
Dividend per share for SAP (SAP)
CAGR (per year)1Y: 9.97%5Y: 8.69%10Y: 7.97%↑ Accelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1996 | $0.64 | 1 |
| 1997 | $0.71 | 1 |
| 1998 | $0.13 | 1 |
| 1999 | $0.14 | 1 |
| 2000 | $0.12 | 1 |
| 2001 | $0.13 | 1 |
| 2002 | $0.13 | 1 |
| 2003 | $0.17 | 1 |
| 2004 | $0.24 | 1 |
| 2005 | $0.35 | 1 |
| 2006 | $0.46 | 1 |
| 2007 | $0.62 | 1 |
| 2008 | $0.77 | 1 |
| 2009 | $0.68 | 1 |
| 2010 | $0.60 | 1 |
| 2011 | $0.85 | 1 |
| 2012 | $1.38 | 1 |
| 2013 | $1.11 | 1 |
| 2014 | $1.37 | 1 |
| 2015 | $1.22 | 1 |
| 2016 | $1.31 | 1 |
| 2017 | $1.37 | 1 |
| 2018 | $1.65 | 1 |
| 2019 | $1.67 | 1 |
| 2020 | $1.73 | 1 |
| 2021 | $2.26 | 1 |
| 2022 | $2.61 | 1 |
| 2023 | $2.23 | 1 |
| 2024 | $2.39 | 1 |
| 2025 | $2.63 | 1 |
| 2026 | $2.94 | 2 |
Dividend growth for SAP (SAP)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $2.6298 | — | — |
| 2025 | $2.3913 | $2.6298 | +10.0% |
| 2024 | $2.2330 | $2.3913 | +7.1% |
| 2023 | $2.6085 | $2.2330 | -14.4% |
| 2022 | $2.2599 | $2.6085 | +15.4% |
| 2021 | $1.7337 | $2.2599 | +30.4% |
| 2020 | $1.6743 | $1.7337 | +3.5% |
| 2019 | $1.6546 | $1.6743 | +1.2% |
| 2018 | $1.3721 | $1.6546 | +20.6% |
| 2017 | $1.3052 | $1.3721 | +5.1% |
| 2016 | $1.2214 | $1.3052 | +6.9% |
| 2015 | $1.3659 | $1.2214 | -10.6% |
| 2014 | $1.1107 | $1.3659 | +23.0% |
| 2013 | $1.3838 | $1.1107 | -19.7% |
| 2012 | $0.8500 | $1.3838 | +62.8% |
| 2011 | $0.5973 | $0.8500 | +42.3% |
| 2010 | $0.6805 | $0.5973 | -12.2% |
| 2009 | $0.7716 | $0.6805 | -11.8% |
| 2008 | $0.6198 | $0.7716 | +24.5% |
| 2007 | $0.4608 | $0.6198 | +34.5% |
| 2006 | $0.3471 | $0.4608 | +32.8% |
| 2005 | $0.2358 | $0.3471 | +47.2% |
| 2004 | $0.1721 | $0.2358 | +37.0% |
| 2003 | $0.1311 | $0.1721 | +31.3% |
| 2002 | $0.1289 | $0.1311 | +1.7% |
| 2001 | $0.1189 | $0.1289 | +8.4% |
| 2000 | $0.1418 | $0.1189 | -16.1% |
| 1999 | $0.1328 | $0.1418 | +6.8% |
| 1998 | $0.7101 | $0.1328 | -81.3% |
| 1997 | $0.6364 | $0.7101 | +11.6% |
| 1996 | — | $0.6364 | — |
- 2026—
- 2025$2.6298
- 2024$2.3913
- 2023$2.2330
- 2022$2.6085
- 2021$2.2599
- 2020$1.7337
- 2019$1.6743
- 2018$1.6546
- 2017$1.3721
- 2016$1.3052
- 2015$1.2214
- 2014$1.3659
- 2013$1.1107
- 2012$1.3838
- 2011$0.8500
- 2010$0.5973
- 2009$0.6805
- 2008$0.7716
- 2007$0.6198
- 2006$0.4608
- 2005$0.3471
- 2004$0.2358
- 2003$0.1721
- 2002$0.1311
- 2001$0.1289
- 2000$0.1189
- 1999$0.1418
- 1998$0.1328
- 1997$0.7101
- 1996$0.6364
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.
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