Dividends

Upcoming ex-dividend dates, recent cuts and initiations across 10+ years of US dividend history.
Macy's (M) — Dividend Profile
Consumer Discretionary·Department/Specialty Retail Stores
10y payment streak2y growth streakDelayedQuarterly
Forward Yield
3.96%
@ $18.41
TTM Yield
2.97%
Forward Annual
$0.73
Quarterly
Market Cap
$4.8b
Payout (FCF)
29%
3.5x covered
Payout (Earnings)
31%
Latest Amount
$0.1824
Ex 2025-12-15
3y CAGR
5.0%
5y CAGR
14.1%
10y CAGR
—
Next Ex-Date
—
Last recorded cut on or near 2021-09-14.
Dividend Safety Forensics
Composite of six quantitative scores plus a 5-point yield-trap framework. Each axis contributes independently; the overall label is the aggregate.
Forensics: CleanYield Trap: Green0 of 6 red flags · 0 of 5 trap signals
Score breakdown
Altman Z (bankruptcy)
Distance from bankruptcy. Safe > 2.99, Distress < 1.81.
Grey (2.62)
Ohlson O (default prob)
Estimated 1-year probability of financial distress.
High (52.4%)
Piotroski F-Score
Fundamental quality (9 binary criteria). 7+ strong, 3- weak.
8/9 (Strong)
Beneish M (manipulation)
Detects accounting manipulation signals in earnings.
Flagged
Dividend Safety (EQ)
Composite from payout ratio, FCF coverage, accrual quality.
Safe
FCF Coverage
Free cash flow divided by dividends. 2.0× = strong cushion.
3.50×
Yield-trap signals (5-point Benzinga framework)
Payout > 100%
Paying out more than it earns over TTM.
✓ OK
FCF coverage < 1.0×
Free cash flow doesn't fully cover the dividend.
✓ OK
Yield > 2× sector median
Yield well above peers — often a sign of price collapse, not premium income.
✓ OK
High leverage (D/E > 2)
Debt-to-equity above 2× — limits flexibility if cash flow dips.
✓ OK
6m return < -25%
Current 6m return: -3.9%
✓ OK
Annual dividends per share
Sum of recurring per-share payments per calendar year. Current year is partial.
Cumulative per-share payments
Full dividend history (30)
Ex-Date▼AmountFrequencyPay DateType
2025-12-15$0.1824Quarterly2026-01-02recurring
2025-09-15$0.1824Quarterly2025-10-01recurring
2025-06-13$0.1824Quarterly2025-07-01recurring
2025-03-14$0.1824Quarterly2025-04-01recurring
2024-12-13$0.1737Quarterly2025-01-02recurring
2024-09-13$0.1737Quarterly2024-10-01recurring
2024-06-14$0.1737Quarterly2024-07-01recurring
2023-09-14$0.1654Quarterly2023-10-02recurring
2023-03-14$0.1654Quarterly2023-04-03recurring
2022-12-14$0.1575Quarterly2023-01-03recurring
2022-09-14$0.1575Quarterly2022-10-03recurring
2022-06-14$0.1575Quarterly2022-07-01recurring
2022-03-14$0.1575Quarterly2022-04-01recurring
2021-09-14$0.1500Quarterly2021-10-01recurring
2020-03-12$0.3775Quarterly2020-04-01recurring
2019-12-12$0.3775Quarterly2020-01-02recurring
2019-09-12$0.3775Quarterly2019-10-01recurring
2019-06-13$0.3775Quarterly2019-07-01recurring
2019-03-14$0.3775Quarterly2019-04-01recurring
2018-12-13$0.3775Quarterly2019-01-02recurring
2018-09-13$0.3775Quarterly2018-10-01recurring
2018-06-14$0.3775Quarterly2018-07-02recurring
2018-03-14$0.3775Quarterly2018-04-02recurring
2017-12-14$0.3775Quarterly2018-01-02recurring
2017-09-14$0.3775Quarterly2017-10-02recurring
2017-06-13$0.3775Quarterly2017-07-03recurring
2017-03-13$0.3775Quarterly2017-04-03recurring
2016-12-13$0.3775Quarterly2017-01-03recurring
2016-09-13$0.3775Quarterly2016-10-03recurring
2016-06-13$0.3775Quarterly2016-07-01recurring
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