SmarterDividends
AAP

Advance Auto Parts, Inc.

AAP

Consumer Cyclical · Auto Parts · Stock · quarterly payer

$44.45

Undervalued · +61% Add to Portfolio

Forward Yield

2.25%

Annual Dividend

$1.00

Payout Ratio

56%

5-Yr Growth

0.0%

Ex-Date

Oct 9, 2026

Frequency

Quarterly

Key facts about AAP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Advance Auto Parts, Inc. (AAP) has a forward dividend yield of 2.25%, based on an annual dividend of $1.00 per share and a share price of $44.45.
  • As of Oct 18, 2026, AAP's dividend safety grade from SmarterDividends is C (57 out of 100), which rates the dividend as borderline.
  • AAP last cut its regular dividend in 2023.
  • AAP's most recent ex-dividend date was Oct 9, 2026, for a dividend of $0.25 per share.
  • As of Oct 18, 2026, AAP pays out 56% of its trailing 12-month earnings as dividends (its payout ratio).
  • AAP's dividend has been roughly flat over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for AAP is $71.57 per share, 61% above the $44.45 share price, so AAP screens as undervalued.
  • Advance Auto Parts, Inc. (AAP) pays its dividend quarterly, 4 times a year.
  • Advance Auto Parts, Inc. (AAP) has raised its regular dividend 3 times and cut it 1 time across the 83 payments on record since 2006. Its most recent change was a 83.3% cut to $0.250 per share, going ex-dividend on Jul 13, 2023.
Cite this page

SmarterDividends, "AAP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/AAP

Summary

As of Oct 18, 2026, Advance Auto Parts, Inc. (AAP) yields 2.25% ($1.00 a year per share) and has a dividend safety grade of C (57/100).

Is AAP a good dividend stock?

Mixed

Advance Auto Parts, Inc. (AAP) pays a quarterly dividend yielding 2.25% ($1.00/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Comfortable payout ratio (56%)

Risks

  • Cut its dividend in 2023
  • Share price is down over the past 5 years

Key Data

Dividend Yield
2.25%
Payout Ratio
56%
Annual Dividend
$1.00
5-Yr Avg Growth
0.0%
Ex-Dividend Date
Oct 9, 2026
Years of Growth
0
Frequency
quarterly
Beta
1.09
Market Cap
$2.7B
P/E Ratio
24.7
5-Yr Total Return
-80%
52-Week Range
$37.89 – $65.20
Dividend Safety
C · 57/100
Ever Cut?
Yes (2023)

AAP dividend raises and cuts

Advance Auto Parts, Inc. (AAP) has raised its regular dividend 3 times and cut it 1 time across the 83 payments on record since 2006. Its most recent change was a 83.3% cut to $0.250 per share, going ex-dividend on Jul 13, 2023.

Ex-dateChangeOld → newMove
Jul 13, 2023Cut$1.50 → $0.250−83.3%
Mar 17, 2022Raise$1.00 → $1.50+50.0%
Jun 17, 2021Raise$0.250 → $1.00+300.0%
Mar 19, 2020Raise$0.0600 → $0.250+316.7%
Every AAP payment →Download every raise and cut (CSV)
AAP ex-dividend date & scheduleNext ex-date Oct 9, 2026 · full ex-dividend historyView →AAP dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is AAP a good dividend stock?

Mixed. Advance Auto Parts, Inc. (AAP) pays a quarterly dividend yielding 2.25% ($1.00/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is AAP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AAP's fair value is about $71.57 versus a $44.45 share price — so it looks undervalued (+61% vs. fair value).

Is AAP's dividend safe?

AAP has a dividend-safety grade of C (57/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is AAP's fair value?

Our blended fair-value estimate for AAP is about $71.57 per share, roughly 61% above the current $44.45 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is AAP a buy, hold, or sell?

We don't issue formal ratings, but on the data AAP screens as "mixed" and undervalued. Advance Auto Parts, Inc. (AAP) pays a quarterly dividend yielding 2.25% ($1.00/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will AAP cut its dividend?

AAP earns a dividend-safety grade of C (57/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does AAP pay a dividend?

Yes. Advance Auto Parts, Inc. pays a quarterly dividend of about $1.00 per share annually, a forward yield of roughly 2.25%.

What is AAP's dividend yield?

As of Oct 18, 2026, AAP's forward dividend yield is 2.25%, based on a $1.00 annual dividend and a $44.45 share price.

What is AAP's dividend per share?

As of Oct 18, 2026, AAP pays $1.00 per share per year, distributed on a quarterly basis.

What is AAP's dividend payout ratio?

As of Oct 18, 2026, AAP's payout ratio is 56% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has AAP grown its dividend?

AAP does not currently have a long dividend-growth streak on record.

When is the next AAP ex-dividend date?

As of Oct 18, 2026, AAP's next ex-dividend date hasn't been announced. The most recent was Oct 9, 2026, for $0.25 per share.

Income Calculator

At $1.00 / yr per share

Per payment (quarterly)$25.00
Annual$100.00
Monthly avg$8.33

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