Baxter International (BAX) Dividend

Baxter International Inc. · Healthcare · Medical Instruments & Supplies · quarterly payer

$25.79

As of Nov 8, 2026, Baxter International (BAX) pays a quarterly dividend of $0.01 per share, or $0.04 a year, a 0.16% yield at its $25.79 share price. The next ex-dividend date is Nov 27, 2026, paid Jan 4, 2027. It has a dividend safety grade of C.

Forward Yield

0.16%

Annual Dividend

$0.04

Payout Ratio

155%

5-Yr Growth

-11.4%

Ex-Date

Nov 27, 2026

Frequency

Quarterly

Key facts about BAX's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, Baxter International Inc. (BAX) has a forward dividend yield of 0.16%, based on an annual dividend of $0.04 per share and a share price of $25.79.
As of Nov 8, 2026, BAX's dividend safety grade from SmarterDividends is C (60 out of 100), which rates the dividend as borderline.
BAX last cut its regular dividend in 2025.
BAX's next ex-dividend date is Nov 27, 2026, with payment on Jan 4, 2027. Shares must be owned before that date to receive the dividend.
As of Nov 8, 2026, BAX pays out 155% of its trailing 12-month earnings as dividends (its payout ratio).
BAX's dividend has shrunk at an average rate of 11.4% a year over the past five years.
As of Nov 8, 2026, BAX's 0.16% yield is 93% below its five-year average yield of 2.15%.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for BAX is $9.32 per share, 64% below the $25.79 share price, so BAX screens as overvalued.
Baxter International Inc. (BAX) pays its dividend quarterly, 4 times a year.
Baxter International Inc. (BAX) has raised its regular dividend 35 times and cut it 6 times across the 160 payments on record since 1982. Its most recent change was a 94.1% cut to $0.0100 per share, going ex-dividend on Nov 28, 2025.

Cite this page

SmarterDividends, "BAX Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/BAX

Is BAX a good dividend stock?

Yes, with caveats

Baxter International Inc. (BAX) pays a quarterly dividend yielding 0.16% ($0.04/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

Risks

Cut its dividend in 2025
Elevated payout ratio (155%)
Dividend has been shrinking, not growing
Share price is down over the past 5 years

Key Data

Dividend Yield: 0.16%
Payout Ratio: 155%
Annual Dividend: $0.04
5-Yr Avg Growth: -11.4%
Ex-Dividend Date: Nov 27, 2026
Years of Growth: 0
Frequency: quarterly
Beta: 0.67
Market Cap: $13.3B
P/E Ratio: —
5-Yr Total Return: -65%
52-Week Range: $15.73 – $30.00
Dividend Safety: C · 60/100
Ever Cut?: Yes (2025)

BAX dividend raises and cuts

Baxter International Inc. (BAX) has raised its regular dividend 35 times and cut it 6 times across the 160 payments on record since 1982. Its most recent change was a 94.1% cut to $0.0100 per share, going ex-dividend on Nov 28, 2025.

Ex-date	Change	Old → new	Move
Nov 28, 2025	Cut	$0.170 → $0.0100	−94.1%
Nov 29, 2024	Cut	$0.290 → $0.170	−41.4%
Jun 2, 2022	Raise	$0.280 → $0.290	+3.6%
Jun 3, 2021	Raise	$0.245 → $0.280	+14.3%
Jun 4, 2020	Raise	$0.220 → $0.245	+11.4%
Jun 6, 2019	Raise	$0.190 → $0.220	+15.8%
May 31, 2018	Raise	$0.160 → $0.190	+18.8%
May 31, 2017	Raise	$0.130 → $0.160	+23.1%
Jun 1, 2016	Raise	$0.115 → $0.130	+13.0%
Sep 2, 2015	Cut	$0.282 → $0.115	−59.3%
Jun 4, 2014	Raise	$0.266 → $0.282	+6.1%
Jun 5, 2013	Raise	$0.244 → $0.266	+8.9%

Show all 41 changes since 1983

Ex-date	Change	Old → new	Move
Sep 5, 2012	Raise	$0.182 → $0.244	+34.3%
Dec 7, 2011	Raise	$0.168 → $0.182	+8.1%
Dec 8, 2010	Raise	$0.158 → $0.168	+6.9%
Dec 8, 2009	Raise	$0.141 → $0.158	+11.5%
Dec 8, 2008	Raise	$0.118 → $0.141	+19.3%
Dec 6, 2007	Raise	$0.0913 → $0.118	+29.8%
Mar 7, 2007	Cut	$0.316 → $0.0913	−71.1%
Dec 13, 2000	Raise	$0.0790 → $0.316	+300.0%
Dec 8, 1999	Raise	$0.0788 → $0.0790	+0.3%
Dec 9, 1998	Raise	$0.0788 → $0.0790	+0.3%
Dec 8, 1997	Raise	$0.0766 → $0.0788	+2.8%
Jun 9, 1997	Cut	$0.0820 → $0.0766	−6.6%
Mar 6, 1997	Raise	$0.0769 → $0.0820	+6.7%
Dec 9, 1996	Cut	$0.0820 → $0.0769	−6.3%
Jun 10, 1996	Raise	$0.0766 → $0.0820	+7.1%
Jun 12, 1995	Raise	$0.0712 → $0.0766	+7.6%
Aug 31, 1994	Raise	$0.0679 → $0.0712	+4.8%
Mar 4, 1993	Raise	$0.0584 → $0.0679	+16.3%
Dec 3, 1992	Raise	$0.0530 → $0.0584	+10.1%
Mar 5, 1992	Raise	$0.0456 → $0.0530	+16.2%
Mar 7, 1991	Raise	$0.0395 → $0.0456	+15.6%
Mar 8, 1990	Raise	$0.0345 → $0.0395	+14.3%
Mar 9, 1989	Raise	$0.0308 → $0.0345	+12.0%
Mar 8, 1988	Raise	$0.0271 → $0.0308	+13.6%
Mar 10, 1987	Raise	$0.0247 → $0.0271	+10.0%
Mar 11, 1986	Raise	$0.0227 → $0.0247	+8.7%
Mar 13, 1985	Raise	$0.0202 → $0.0227	+12.2%
Mar 14, 1984	Raise	$0.0173 → $0.0202	+17.1%
Mar 16, 1983	Raise	$0.0142 → $0.0173	+21.7%

Every BAX payment →Download every raise and cut (CSV)

BAX ex-dividend date & scheduleNext ex-date Nov 27, 2026 · full ex-dividend historyView →BAX dividend historyEvery payment, totals by year, raises and cutsView →BAX dividend calculator100 shares pay $4.00 a year, $1.00 each quarterCalculate →BAX total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is BAX a good dividend stock?

Yes, with caveats. Baxter International Inc. (BAX) pays a quarterly dividend yielding 0.16% ($0.04/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is BAX undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BAX's fair value is about $9.32 versus a $25.79 share price — so it looks overvalued (-64% vs. fair value).

Is BAX's dividend safe?

BAX has a dividend-safety grade of C (60/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is BAX's fair value?

Our blended fair-value estimate for BAX is about $9.32 per share, about 64% below the current $25.79 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BAX a buy, hold, or sell?

We don't issue formal ratings, but on the data BAX screens as "yes, with caveats" and overvalued. Baxter International Inc. (BAX) pays a quarterly dividend yielding 0.16% ($0.04/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will BAX cut its dividend?

BAX earns a dividend-safety grade of C (60/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BAX pay a dividend?

Yes. Baxter International Inc. pays a quarterly dividend of about $0.04 per share annually, a forward yield of roughly 0.16%.

How much dividend does 100 shares of BAX pay?

At $0.04 per share a year, 100 shares of BAX pay $4.00 a year in dividends before tax, about $1.00 each quarter. Buying them costs about $2,579 at the Nov 8, 2026 price.

What is BAX's dividend yield?

As of Nov 8, 2026, BAX's forward dividend yield is 0.16%, based on a $0.04 annual dividend and a $25.79 share price.

What is BAX's dividend per share?

As of Nov 8, 2026, BAX pays $0.04 per share per year, distributed on a quarterly basis.

What is BAX's dividend payout ratio?

As of Nov 8, 2026, BAX's payout ratio is 155% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has BAX grown its dividend?

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

When is the next BAX ex-dividend date?

As of Nov 8, 2026, the next ex-dividend date on record for BAX is Nov 27, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full BAX dividend history →

Ex-Date	Pay Date	Amount	Type
Aug 28, 2026	Oct 1, 2026	$0.0100	regular
May 29, 2026	Jul 1, 2026	$0.0100	regular
Feb 27, 2026	Apr 1, 2026	$0.0100	regular
Nov 28, 2025	Jan 2, 2026	$0.0100	regular
Aug 29, 2025	Oct 1, 2025	$0.1700	regular
May 30, 2025	Jul 1, 2025	$0.1700	regular
Feb 28, 2025	Apr 1, 2025	$0.1700	regular
Nov 29, 2024	Jan 2, 2025	$0.1700	regular
Aug 30, 2024	Oct 1, 2024	$0.2900	regular
May 31, 2024	Jul 1, 2024	$0.2900	regular
Feb 29, 2024	Apr 1, 2024	$0.2900	regular
Nov 30, 2023	Jan 2, 2024	$0.2900	regular
Aug 31, 2023	Oct 2, 2023	$0.2900	regular
Jun 1, 2023	Jul 3, 2023	$0.2900	regular