Current Yield
0.92%
TTM Dividend/Share
$3.18
Payment Frequency
Quarterly
Payout Ratio
30.5%
Consecutive Growth Years
41 (Dividend Champion)
Key takeaways
- Dividend Champion — Sherwin-Williams (SHW) has raised its dividend for 41 consecutive years.
- Sherwin-Williams (SHW) currently yields 0.92%, paying $3.18 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 30.5% — the share of earnings distributed as dividends.
- 6 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 12.08% (growth is decelerating).
Dividend yield valuation for Sherwin-Williams (SHW)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Near average — fair value |
Current yield (now) | 0.92% |
1-year average yield | 0.99%now 0.07 pp below |
3-year average yield | 0.87%now 0.05 pp above |
5-year average yield | 0.85%now 0.07 pp above |
SHW: 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 Sherwin-Williams (SHW)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 13.0% |
FCF payout ratio | 6.9% |
Net debt / EBITDA | 3.0x |
Interest coverage | 7.84x |
ROIC (TTM) | 16.4% |
Dividend safety score for Sherwin-Williams (SHW)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
6 of 8 checks passed
Payout ratio below 75%
Payout ratio is 30.5%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $2.1B — 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
41 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 6.9%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.0x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (12.1%) exceeds EPS growth (2.8%) — 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 22, 2026 | Jun 5, 2026 | $0.8000 | $0.8000 |
| Mar 2, 2026 | Mar 13, 2026 | $0.8000 | $0.8000 |
| Nov 14, 2025 | Dec 5, 2025 | $0.7900 | $0.7900 |
| Aug 15, 2025 | Sep 5, 2025 | $0.7900 | $0.7900 |
| May 16, 2025 | Jun 6, 2025 | $0.7900 | $0.7900 |
| Mar 3, 2025 | Mar 14, 2025 | $0.7900 | $0.7900 |
| Nov 15, 2024 | Dec 6, 2024 | $0.7150 | $0.7150 |
| Aug 16, 2024 | Sep 6, 2024 | $0.7150 | $0.7150 |
| May 16, 2024 | Jun 7, 2024 | $0.7150 | $0.7150 |
| Feb 23, 2024 | Mar 8, 2024 | $0.7150 | $0.7150 |
| Nov 16, 2023 | Dec 8, 2023 | $0.6050 | $0.6050 |
| Aug 17, 2023 | Sep 8, 2023 | $0.6050 | $0.6050 |
- May 22, 2026$0.8000
- Mar 2, 2026$0.8000
- Nov 14, 2025$0.7900
- Aug 15, 2025$0.7900
- May 16, 2025$0.7900
- Mar 3, 2025$0.7900
- Nov 15, 2024$0.7150
- Aug 16, 2024$0.7150
- May 16, 2024$0.7150
- Feb 23, 2024$0.7150
- Nov 16, 2023$0.6050
- Aug 17, 2023$0.6050
Historical dividend yield for Sherwin-Williams (SHW)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 0.99%5Y: 0.85%10Y: 0.88%
Dividend per share for Sherwin-Williams (SHW)
CAGR (per year)1Y: 10.49%5Y: 12.08%10Y: 13.47%↓ Decelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1985 | $0.02 | 2 |
| 1986 | $0.04 | 4 |
| 1987 | $0.05 | 4 |
| 1988 | $0.05 | 4 |
| 1989 | $0.06 | 4 |
| 1990 | $0.06 | 4 |
| 1991 | $0.07 | 4 |
| 1992 | $0.07 | 4 |
| 1993 | $0.08 | 4 |
| 1994 | $0.09 | 4 |
| 1995 | $0.11 | 4 |
| 1996 | $0.12 | 4 |
| 1997 | $0.13 | 4 |
| 1998 | $0.15 | 4 |
| 1999 | $0.16 | 4 |
| 2000 | $0.18 | 4 |
| 2001 | $0.19 | 4 |
| 2002 | $0.20 | 4 |
| 2003 | $0.21 | 4 |
| 2004 | $0.23 | 4 |
| 2005 | $0.27 | 4 |
| 2006 | $0.33 | 4 |
| 2007 | $0.42 | 4 |
| 2008 | $0.47 | 4 |
| 2009 | $0.47 | 4 |
| 2010 | $0.48 | 4 |
| 2011 | $0.49 | 4 |
| 2012 | $0.52 | 4 |
| 2013 | $0.67 | 4 |
| 2014 | $0.73 | 4 |
| 2015 | $0.89 | 4 |
| 2016 | $1.12 | 4 |
| 2017 | $1.13 | 4 |
| 2018 | $1.15 | 4 |
| 2019 | $1.51 | 4 |
| 2020 | $1.79 | 4 |
| 2021 | $2.20 | 4 |
| 2022 | $2.40 | 4 |
| 2023 | $2.42 | 4 |
| 2024 | $2.86 | 4 |
| 2025 | $3.16 | 4 |
| 2026 | $1.60 | 2 |
Dividend growth for Sherwin-Williams (SHW)
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 | $3.1600 | — | — |
| 2025 | $2.8600 | $3.1600 | +10.5% |
| 2024 | $2.4200 | $2.8600 | +18.2% |
| 2023 | $2.4000 | $2.4200 | +0.8% |
| 2022 | $2.2000 | $2.4000 | +9.1% |
| 2021 | $1.7867 | $2.2000 | +23.1% |
| 2020 | $1.5067 | $1.7867 | +18.6% |
| 2019 | $1.1467 | $1.5067 | +31.4% |
| 2018 | $1.1333 | $1.1467 | +1.2% |
| 2017 | $1.1200 | $1.1333 | +1.2% |
| 2016 | $0.8933 | $1.1200 | +25.4% |
| 2015 | $0.7333 | $0.8933 | +21.8% |
| 2014 | $0.6667 | $0.7333 | +10.0% |
| 2013 | $0.5200 | $0.6667 | +28.2% |
| 2012 | $0.4867 | $0.5200 | +6.8% |
| 2011 | $0.4800 | $0.4867 | +1.4% |
| 2010 | $0.4733 | $0.4800 | +1.4% |
| 2009 | $0.4667 | $0.4733 | +1.4% |
| 2008 | $0.4200 | $0.4667 | +11.1% |
| 2007 | $0.3333 | $0.4200 | +26.0% |
| 2006 | $0.2733 | $0.3333 | +22.0% |
| 2005 | $0.2267 | $0.2733 | +20.6% |
| 2004 | $0.2067 | $0.2267 | +9.7% |
| 2003 | $0.1983 | $0.2067 | +4.2% |
| 2002 | $0.1933 | $0.1983 | +2.6% |
| 2001 | $0.1800 | $0.1933 | +7.4% |
| 2000 | $0.1600 | $0.1800 | +12.5% |
| 1999 | $0.1493 | $0.1600 | +7.1% |
| 1998 | $0.1333 | $0.1493 | +12.0% |
| 1997 | $0.1167 | $0.1333 | +14.3% |
| 1996 | $0.1067 | $0.1167 | +9.4% |
| 1995 | $0.0933 | $0.1067 | +14.3% |
| 1994 | $0.0833 | $0.0933 | +12.0% |
| 1993 | $0.0733 | $0.0833 | +13.6% |
| 1992 | $0.0700 | $0.0733 | +4.8% |
| 1991 | $0.0633 | $0.0700 | +10.5% |
| 1990 | $0.0583 | $0.0633 | +8.6% |
| 1989 | $0.0533 | $0.0583 | +9.4% |
| 1988 | $0.0467 | $0.0533 | +14.3% |
| 1987 | $0.0417 | $0.0467 | +12.0% |
| 1986 | — | $0.0417 | — |
- 2026—
- 2025$3.1600
- 2024$2.8600
- 2023$2.4200
- 2022$2.4000
- 2021$2.2000
- 2020$1.7867
- 2019$1.5067
- 2018$1.1467
- 2017$1.1333
- 2016$1.1200
- 2015$0.8933
- 2014$0.7333
- 2013$0.6667
- 2012$0.5200
- 2011$0.4867
- 2010$0.4800
- 2009$0.4733
- 2008$0.4667
- 2007$0.4200
- 2006$0.3333
- 2005$0.2733
- 2004$0.2267
- 2003$0.2067
- 2002$0.1983
- 2001$0.1933
- 2000$0.1800
- 1999$0.1600
- 1998$0.1493
- 1997$0.1333
- 1996$0.1167
- 1995$0.1067
- 1994$0.0933
- 1993$0.0833
- 1992$0.0733
- 1991$0.0700
- 1990$0.0633
- 1989$0.0583
- 1988$0.0533
- 1987$0.0467
- 1986$0.0417
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
Sherwin-Williams (SHW) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation