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Macy's (Macy's) 3-Year Dividend Growth Rate : 20.50% (As of Jan. 2024)


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What is Macy's 3-Year Dividend Growth Rate?

Macy's's Dividends per Share for the three months ended in Jan. 2024 was $0.17.

The historical rank and industry rank for Macy's's 3-Year Dividend Growth Rate or its related term are showing as below:

M' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -41.6   Med: 9.7   Max: 68.1
Current: 20.5

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Macy's was 68.10% per year. The lowest was -41.60% per year. And the median was 9.70% per year.

M's 3-Year Dividend Growth Rate is ranked better than
67.26% of 391 companies
in the Retail - Cyclical industry
Industry Median: 10.9 vs M: 20.50

During the past 12 months, Macy's's average Dividends Per Share Growth Rate was 5.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 20.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -18.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -10.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Macy's's Dividend Payout Ratio for the three months ended in Jan. 2024 was 0.07. As of today, Macy's's Dividend Yield % is 3.58%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Macy's's 3-Year Dividend Growth Rate

For the Department Stores subindustry, Macy's's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Macy's's 3-Year Dividend Growth Rate Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Macy's's 3-Year Dividend Growth Rate falls into.



Macy's 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Macy's  (NYSE:M) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Macy's's Dividend Payout Ratio for the quarter that ended in Jan. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jan. 2024 )/ EPS without NRI (Q: Jan. 2024 )
=0.165/ 2.45
=0.07

During the past 13 years, the highest Dividend Payout Ratio of Macy's was 0.55. The lowest was 0.06. And the median was 0.36.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Macy's Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1742024-03-142024-03-152024-04-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.1652023-12-142023-12-152024-01-02Cash DividendquarterlyUSD:USD 1.000000
USD 0.1652023-09-142023-09-152023-10-02Cash DividendquarterlyUSD:USD 1.000000
USD 0.1652023-06-142023-06-152023-07-03Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Macy's's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.669/18.73
=3.57 %

Current Share Price is $18.73.
Macy's's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.669.

During the past 13 years, the highest Dividend Yield of Macy's was 31.43%. The lowest was 0.43%. And the median was 3.81%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Macy's 3-Year Dividend Growth Rate Related Terms>


Macy's (Macy's) Business Description

Address
151 West 34th Street, New York, NY, USA, 10001
Founded in 1858 and based in New York City, Macy's operates about 550 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 158 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 61% of Macy's 2022 sales.
Executives
Adrian V Mitchell officer: Chief Financial Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Paul Griscom officer: Interim Principal Acctg. Offr. C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246
Danielle L. Kirgan officer: Chief Human Resources Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Garcia C Elisa D officer: Chief Legal Officer 151 WEST 34TH STREET, NEW YORK NY 10001
Jeffrey Gennette officer: Chief Merchandising Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Antony Spring officer: Chairman & CEO, Bloomingdale's C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Naveen K. Chopra director C/O 2160 GOLD STREET, SAN JOSE CA 95002
Emilie Arel director C/O CASPER SLEEP INC., 175 GREENWICH ST., THREE WORLD TRADE CENTER, FLOOR 39, NEW YORK NY 10007
Jill Granoff director LIZ CLAIBORNE, INC., 1441 BROADWAY, NEW YORK NY 10018
Marie A Chandoha director C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105
Ashley Buchanan director C/O THE MICHAELS COMPANIES, INC., 8000 BENT BRANCH DRIVE, IRVING TX 75063
Tracey Zhen director C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246
John T. Harper officer: Chief Operations Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Paul C Varga director 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Felicia Williams officer: EVP,Controller/Enterprise Risk C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001