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Data last updated: Nov 10, 2026
Snapshot (as of Nov 10, 2026): Fresenius Medical Care AG (FMS) pays a $1.49 annual dividend, yielding 3.80% at $22.95/share. Next ex-dividend date 2026-05-22. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.80%
Annual Dividend: $1.49 per share
Payout Ratio: 50.1%
Ex-Dividend Date: 2026-05-22
Dividend Frequency: annually
Sector: Healthcare
Years of Dividend History: 29
Fresenius Medical Care AG dividend income comes from one of the world's largest providers of dialysis services, operating outpatient clinics and manufacturing hemodialysis machines and peritoneal dialysis systems across Germany, the United States, and internationally. The current yield stands at 3.8%, with trailing twelve-month payments of $1.49 per share. FMS pays annually, with the next ex-dividend date on May 22, 2026. A beta of 0.794 points to below-market price swings, which suits income-focused investors who prioritize lower volatility over aggressive growth.
Fresenius Medical Care AG pays out 50.1% of earnings as dividends, a payout ratio classified as moderate (40-60%). Dialysis is a non-elective, recurring treatment for end-stage renal disease patients, and the company's network of outpatient clinics and contracted hospital services provides a demand base that supports the current payout level. Fresenius Medical Care AG dividend safety faces its clearest pressure from the dividend history itself: the annual payment declined in both 2022 and 2023, showing that earnings headwinds have translated into actual per-share cuts within the past five years.
Over the past 15 years, Fresenius Medical Care AG dividend history shows a compound annual growth rate (CAGR) of 4.7% per year from 2010 to 2025. Per-share payments grew from $0.4075 to $0.8150 over that period (with 2026 partial at $0.8720 so far). The largest annual increase in the window was 28.5% in 2025, but the history also contains at least one year-over-year decline exceeding 5%, which means growth has not been linear. Two consecutive years of increases now follow those declines, but the streak is short.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +4.8% | $0.71 (2022) | $0.81 (2025) |
| 5-Year | +2.9% | $0.71 (2020) | $0.81 (2025) |
| 10-Year | +6.4% | $0.44 (2015) | $0.81 (2025) |
FMS stock fits income-focused investors who want exposure to essential healthcare services and can accept an uneven dividend history. The yield of 3.8% sits in the moderate (2-4%) range and runs above the 5-year average of 3.19%, which means the current entry point offers more income than the historical norm. The trade-off is clear: the dividend was cut in 2022 and again in 2023, so income reliability has not been a defining feature of Fresenius Medical Care AG stock. The 50.1% payout ratio leaves room to sustain payments at current levels, but investors accept that past cuts have happened and the consecutive-increase streak is only two years old.
| Payment Date | Amount per Share |
|---|---|
| 2026-05-22 | $0.8720 |
| 2025-05-23 | $0.8150 |
| 2024-05-17 | $0.6340 |
| 2023-05-17 | $0.6180 |
| 2022-05-13 | $0.7090 |
| 2021-05-24 | $0.8340 |
| 2020-08-28 | $0.7070 |
| 2019-05-17 | $0.6550 |
| 2018-05-21 | $0.6320 |
| 2017-05-11 | $0.5140 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8720 |
| 2025 | $0.8150 |
| 2024 | $0.6340 |
| 2023 | $0.6180 |
| 2022 | $0.7090 |
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