SAP (SAP) Dividend History & Yield
SAP (SAP) has increased its dividend for 3 consecutive years and currently yields 1.92%. The most recent dividend was $0.0000/share on May 6, 2026, paid Annual.
SAP
Current Yield
1.92%
TTM Dividend/Share
$3.46
Payment Frequency
Annual
Payout Ratio
54.3%
Consecutive Growth Years
3
Div Growth (1Y CAGR)
10.25%
Div Growth (5Y CAGR)
8.96%
Div Growth (10Y CAGR)
8.27%
SAP: 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
10.9%
FCF payout ratio
32.8%
Net debt / EBITDA
-0.8x
Interest coverage
7.52x
ROIC (TTM)
17.4%
Dividend Safety Score
5 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 54.3%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($6.81) covers dividend/share ($3.46).
No dividend cuts in 10+ years
3 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 32.8%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is -0.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (9.0%) exceeds EPS growth (8.1%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 6, 2026
- Payment date
- —
- Dividend
- $0.0000
- Adj. dividend
- $0.0000
Ex-date May 5, 2026
- Payment date
- May 15, 2026
- Dividend
- $3.4570
- Adj. dividend
- $3.4570
Ex-date May 13, 2025
- Payment date
- May 23, 2025
- Dividend
- $2.6298
- Adj. dividend
- $2.6298
Ex-date May 16, 2024
- Payment date
- May 28, 2024
- Dividend
- $2.3913
- Adj. dividend
- $2.3851
Ex-date May 12, 2023
- Payment date
- May 22, 2023
- Dividend
- $2.2330
- Adj. dividend
- $2.1864
Ex-date May 19, 2022
- Payment date
- May 31, 2022
- Dividend
- $2.7570
- Adj. dividend
- $2.7570
Ex-date May 13, 2021
- Payment date
- May 25, 2021
- Dividend
- $2.1890
- Adj. dividend
- $2.1890
Ex-date May 21, 2020
- Payment date
- Jun 2, 2020
- Dividend
- $1.7120
- Adj. dividend
- $1.7120
Ex-date May 16, 2019
- Payment date
- May 28, 2019
- Dividend
- $1.6960
- Adj. dividend
- $1.6960
Ex-date May 18, 2018
- Payment date
- May 29, 2018
- Dividend
- $1.7271
- Adj. dividend
- $1.7270
Ex-date May 11, 2017
- Payment date
- May 22, 2017
- Dividend
- $1.3310
- Adj. dividend
- $1.3310
Ex-date May 10, 2016
- Payment date
- May 20, 2016
- Dividend
- $1.3100
- Adj. dividend
- $1.3052
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 6, 2026 | — | $0.0000 | $0.0000 |
| May 5, 2026 | May 15, 2026 | $3.4570 | $3.4570 |
| May 13, 2025 | May 23, 2025 | $2.6298 | $2.6298 |
| May 16, 2024 | May 28, 2024 | $2.3913 | $2.3851 |
| May 12, 2023 | May 22, 2023 | $2.2330 | $2.1864 |
| May 19, 2022 | May 31, 2022 | $2.7570 | $2.7570 |
| May 13, 2021 | May 25, 2021 | $2.1890 | $2.1890 |
| May 21, 2020 | Jun 2, 2020 | $1.7120 | $1.7120 |
| May 16, 2019 | May 28, 2019 | $1.6960 | $1.6960 |
| May 18, 2018 | May 29, 2018 | $1.7271 | $1.7270 |
| May 11, 2017 | May 22, 2017 | $1.3310 | $1.3310 |
| May 10, 2016 | May 20, 2016 | $1.3100 | $1.3052 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
SAP has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 3 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $2.6298 | — | — |
| 2025 | $2.3851 | $2.6298 | +10.3% |
| 2024 | $2.1864 | $2.3851 | +9.1% |
| 2023 | $2.7570 | $2.1864 | -20.7% |
| 2022 | $2.1890 | $2.7570 | +25.9% |
| 2021 | $1.7120 | $2.1890 | +27.9% |
| 2020 | $1.6960 | $1.7120 | +0.9% |
| 2019 | $1.7270 | $1.6960 | -1.8% |
| 2018 | $1.3310 | $1.7270 | +29.8% |
| 2017 | $1.3052 | $1.3310 | +2.0% |
| 2016 | $1.1880 | $1.3052 | +9.9% |
| 2015 | $1.3659 | $1.1880 | -13.0% |
| 2014 | $1.1140 | $1.3659 | +22.6% |
| 2013 | $1.4780 | $1.1140 | -24.6% |
| 2012 | $0.8250 | $1.4780 | +79.2% |
| 2011 | $0.6750 | $0.8250 | +22.2% |
| 2010 | $0.6750 | $0.6750 | 0.0% |
| 2009 | $0.7790 | $0.6750 | -13.4% |
| 2008 | $0.6140 | $0.7790 | +26.9% |
| 2007 | $0.4340 | $0.6140 | +41.5% |
| 2006 | $0.3570 | $0.4340 | +21.6% |
| 2005 | $0.2440 | $0.3570 | +46.3% |
| 2004 | $0.1590 | $0.2440 | +53.5% |
| 2003 | $0.1280 | $0.1590 | +24.2% |
| 2002 | $0.1280 | $0.1280 | 0.0% |
| 2001 | $0.1270 | $0.1280 | +0.8% |
| 2000 | $0.1418 | $0.1270 | -10.4% |
| 1999 | $0.7215 | $0.1418 | -80.3% |
| 1998 | $0.6226 | $0.7215 | +15.9% |
| 1997 | $0.3993 | $0.6226 | +55.9% |
| 1996 | — | $0.3993 | — |
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 SAP (SAP) from the consolidated cash flow statement, in USD as filed.
Latest period
$2.65B
YoY change
+2.7%
5Y CAGR
+7.2%
Peak year (2022)
$2.87B
Latest annual
$2.63B
Cash dividends paid over time for SAP (SAP)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for SAP (SAP)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $2.63B | +2.7% | +$69.74M | ||
| 2024 | $2.56B | +7.1% | +$170.00M | ||
| 2023 | $2.40B | -16.4% | -$470.00M | ||
| 2022 | $2.87B | +31.3% | +$683.00M | ||
| 2021 | $2.18B | +17.1% | +$318.00M | ||
| 2020 | $1.86B | +4.1% | +$74.00M | ||
| 2019 | $1.79B | +7.1% | +$119.00M | ||
| 2018 | $1.67B | +11.5% | +$172.00M | ||
| 2017 | $1.50B | +8.8% | +$121.00M | ||
| 2016 | $1.38B | +4.7% | +$62.00M | ||
| 2015 | $1.32B | +10.2% | +$122.00M | ||
| 2014 | $1.19B | +17.9% | +$181.00M | ||
| 2013 | $1.01B | -22.7% | -$297.00M | ||
| 2012 | $1.31B | +83.7% | +$597.00M | ||
| 2011 | $713.00M | +20.0% | +$119.00M | ||
| 2010 | $594.00M | 0.0% | $0 | ||
| 2009 | $594.00M | 0.0% | $0 | ||
| 2008 | $594.00M | +6.8% | +$38.00M | ||
| 2007 | $556.00M | +24.4% | +$109.00M | ||
| 2006 | $447.00M | +31.3% | +$106.58M | ||
| 2005 | $340.43M | +36.9% | +$91.71M | ||
| 2004 | $248.72M | +33.7% | +$62.70M | ||
| 2003 | $186.02M | +1.9% | +$3.54M | ||
| 2002 | $182.48M | +0.8% | +$1.53M | ||
| 2001 | $180.95M | +9.2% | +$15.24M | ||
| 2000 | $165.71M | -0.2% | -$253,184.84 | ||
| 1999 | $165.96M | +10.4% | +$15.64M | ||
| 1998 | $150.32M | +23.8% | +$28.92M | ||
| 1997 | $121.41M | -9.1% | -$12.21M | ||
| 1996 | $133.62M | — | — |
In 2025, SAP (SAP) dividends paid totalled $2.63B – edged up 2.7% year-over-year.
Across 2020–2025 (5 years), SAP dividends paid produced a CAGR of +7.2% – sustaining 2 straight years of year-over-year growth.
Between 2022 and 2025, SAP dividends paid declined 8.0%, falling from $2.87B to $2.63B.
2022 marks the peak dividends paid at $2.87B, with the historical low of $121.41M recorded in 1997.
Among 8 Technology peers, SAP (SAP) ranks 5th; the peer median for dividends paid is $6.80B.
SAP Dividends Paid 2025: $2.63B
SAP dividends paid in 2025 was $2.63B, edged up 2.7% from 2024.
SAP Dividends Paid 2024: $2.56B
SAP dividends paid in 2024 was $2.56B, grew 7.1% from 2023.
SAP Dividends Paid 2023: $2.40B
SAP dividends paid in 2023 was $2.40B, declined 16.4% below 2022.
SAP Dividends Paid 2022: $2.87B
SAP dividends paid in 2022 was $2.87B, surged 31.3% from 2021. This figure represents the highest annual value in the available history.
SAP Dividends Paid 2021: $2.18B
SAP dividends paid in 2021 was $2.18B.
See more financial history for SAP (SAP).
Sector peers by dividends paid
Companies in the same sector as SAP, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| TSMC (TSM) | $471.61B | Technology |
| Microsoft (MSFT) | $24.08B | Technology |
| Apple (AAPL) | $15.42B | Technology |
| Broadcom (AVGO) | $11.14B | Technology |
| ASML (ASML) | $2.45B | Technology |
| NVIDIA (NVDA) | $974.00M | Technology |
| Micron Technology (MU) | $522.00M | Technology |
| AMD (AMD) | $0 | Technology |
Frequently asked questions
Does SAP pay dividends?
Yes, SAP (SAP) pays annual dividends of approximately $3.46 per share annually, yielding 1.92%.
What is SAP's dividend yield?
SAP (SAP) has a current dividend yield of 1.92%.
Is SAP's dividend safe?
SAP (SAP) passes 5 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has SAP increased its dividend?
SAP (SAP) has 3 consecutive years of dividend increases.
What is SAP's dividend payout ratio?
SAP (SAP) has a dividend payout ratio of 54.3%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is SAP's dividends paid?
Latest reported dividends paid for SAP (SAP) is $2.65B (period ending March 31, 2026).
How has SAP dividends paid changed year-over-year?
SAP (SAP) dividends paid changed +2.7% year-over-year on the latest annual filing.
What is the long-term growth rate of SAP dividends paid?
SAP (SAP) dividends paid compound annual growth rate is +7.2% over the most recent 5 years available.
When did SAP dividends paid hit its highest annual value?
SAP dividends paid reached its highest annual value of $2.87B in 2022.
What was SAP dividends paid in 2024?
SAP (SAP) dividends paid in 2024 was $2.56B.
What was SAP dividends paid in 2025?
SAP (SAP) dividends paid in 2025 was $2.63B.
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