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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Baxter International Inc. (BAX) pays a $0.20 annual dividend ($0.05 quarterly), yielding 0.16% at $25.28/share. Next ex-dividend date 2026-08-28. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.16%
Annual Dividend: $0.20 per share
Payout Ratio: 154.7% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-08-28
Dividend Frequency: quarterly
Sector: Healthcare
Years of Dividend History: 45
Baxter International Inc. dividend income is minimal at present: the current yield stands at just 0.16%. BAX makes sterile IV solutions, infusion systems, parenteral nutrition therapies, and generic injectable pharmaceuticals used across hospitals, dialysis centers, and surgical facilities worldwide. Trailing twelve-month payments total $0.20 per share, paid quarterly, with the next ex-dividend date on August 28, 2026. At a beta of 0.651, BAX stock moves less than the broader market, which appeals to investors who prioritize lower volatility over high current income.
Baxter International Inc. pays out 154.7% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, meaning the current dividend is not covered by reported earnings. Baxter International Inc. dividend safety is the central concern here: the company supplies essential hospital products including IV solutions and infusion devices, but demand for those products does not automatically translate into earnings coverage when the payout ratio is this elevated. The most direct pressure on the dividend is that ratio itself, which leaves no earnings buffer to absorb any further earnings weakness.
Baxter International Inc. dividend history shows a CAGR of 4.7% per year from 2008 to 2024. Per-share payments grew from $0.4964 to $1.0400 over that window (2026 data is partial and excluded from this calculation). The largest annual increase in the window was 24.1% in 2012. The data also contains at least one year-over-year decline exceeding 5%, so growth across this period was not linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -23.2% | $1.15 (2022) | $0.52 (2025) |
| 5-Year | -11.4% | $0.95 (2020) | $0.52 (2025) |
| 10-Year | -4.2% | $0.80 (2015) | $0.52 (2025) |
BAX stock fits dividend investors who already hold it and are monitoring whether the payout stabilizes, not those seeking meaningful income today. The yield is low (below 2%), currently at 0.16%, far below the 5-year average of 1.68%. That gap reflects how much the dividend has contracted relative to where it historically sat. The payout ratio of 154.7% means earnings do not currently cover the dividend, which is the defining characteristic of this stock right now. The trade-off is clear: Baxter International Inc. operates in essential healthcare markets, but that operational profile has not prevented the dividend from coming under pressure.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-28 | $0.0100 |
| 2026-05-29 | $0.0100 |
| 2026-02-27 | $0.0100 |
| 2025-11-28 | $0.0100 |
| 2025-08-29 | $0.1700 |
| 2025-05-30 | $0.1700 |
| 2025-02-28 | $0.1700 |
| 2024-11-29 | $0.1700 |
| 2024-08-30 | $0.2900 |
| 2024-05-31 | $0.2900 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.0300 |
| 2025 | $0.5200 |
| 2024 | $1.0400 |
| 2023 | $1.1600 |
| 2022 | $1.1500 |
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