Bath & Body Works, Inc.
BBWIConsumer Cyclical · Specialty Retail · Stock · quarterly payer
Forward Yield
3.97%
Annual Dividend
$0.80
Payout Ratio
21%
5-Yr Growth
-3.8%
Ex-Date
Aug 21, 2026
Frequency
Quarterly
Key facts about BBWI's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Bath & Body Works, Inc. (BBWI) has a forward dividend yield of 3.97%, based on an annual dividend of $0.80 per share and a share price of $20.14.
- As of Oct 18, 2026, BBWI's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
- BBWI last cut its regular dividend in 2021.
- BBWI's most recent ex-dividend date was Aug 21, 2026, for a dividend of $0.20 per share.
- As of Oct 18, 2026, BBWI pays out 21% of its trailing 12-month earnings as dividends (its payout ratio).
- BBWI's dividend has shrunk at an average rate of 3.8% a year over the past five years.
- As of Oct 18, 2026, BBWI's 3.97% yield is 106% above its five-year average yield of 1.93%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for BBWI is $17.56 per share, 13% below the $20.14 share price, so BBWI screens as fairly valued.
- Bath & Body Works, Inc. (BBWI) pays its dividend quarterly, 4 times a year.
- Bath & Body Works, Inc. (BBWI) has raised its regular dividend 22 times and cut it 2 times across the 168 payments on record since 1985. Its most recent change was a 33.3% increase to $0.200 per share, going ex-dividend on Feb 17, 2022. The last cut went ex-dividend on Jun 3, 2021.
Cite this page
SmarterDividends, "BBWI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/BBWI
Summary
As of Oct 18, 2026, Bath & Body Works, Inc. (BBWI) yields 3.97% ($0.80 a year per share) and has a dividend safety grade of C (65/100).
Is BBWI a good dividend stock?
Yes, with caveatsBath & Body Works, Inc. (BBWI) pays a quarterly dividend yielding 3.97% ($0.80/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
- Comfortable payout ratio (21%)
Risks
- Cut its dividend in 2021
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.97%
- Payout Ratio
- 21%
- Annual Dividend
- $0.80
- 5-Yr Avg Growth
- -3.8%
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.40
- Market Cap
- $4.1B
- P/E Ratio
- 5.3
- 5-Yr Total Return
- -73%
- 52-Week Range
- $14.28 – $27.40
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2021)
BBWI dividend raises and cuts
Bath & Body Works, Inc. (BBWI) has raised its regular dividend 22 times and cut it 2 times across the 168 payments on record since 1985. Its most recent change was a 33.3% increase to $0.200 per share, going ex-dividend on Feb 17, 2022. The last cut went ex-dividend on Jun 3, 2021.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 17, 2022 | Raise | $0.150 → $0.200 | +33.3% |
| Aug 19, 2021 | Raise | $0.121 → $0.150 | +23.7% |
| Jun 3, 2021 | Cut | $0.243 → $0.121 | −50.0% |
| Feb 21, 2019 | Cut | $0.485 → $0.243 | −50.0% |
| Jun 1, 2016 | Raise | $0.404 → $0.485 | +20.0% |
| Jun 3, 2015 | Raise | $0.275 → $0.404 | +47.1% |
| Jun 4, 2014 | Raise | $0.243 → $0.275 | +13.3% |
| Feb 20, 2013 | Raise | $0.202 → $0.243 | +20.0% |
| Feb 22, 2012 | Raise | $0.162 → $0.202 | +25.0% |
| Feb 23, 2011 | Raise | $0.121 → $0.162 | +33.3% |
| Mar 2, 2005 | Raise | $0.0970 → $0.121 | +25.0% |
| Mar 3, 2004 | Raise | $0.0808 → $0.0970 | +20.0% |
Show all 24 changes since 1986
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 5, 2003 | Raise | $0.0606 → $0.0808 | +33.3% |
| Mar 3, 1999 | Raise | $0.0525 → $0.0606 | +15.4% |
| Jun 3, 1998 | Raise | $0.0516 → $0.0525 | +1.8% |
| Mar 4, 1998 | Raise | $0.0477 → $0.0516 | +8.3% |
| Mar 5, 1997 | Raise | $0.0397 → $0.0477 | +20.0% |
| Feb 27, 1995 | Raise | $0.0357 → $0.0397 | +11.1% |
| May 28, 1993 | Raise | $0.0278 → $0.0357 | +28.6% |
| Mar 4, 1991 | Raise | $0.0238 → $0.0278 | +16.7% |
| Mar 5, 1990 | Raise | $0.0159 → $0.0238 | +50.0% |
| Mar 6, 1989 | Raise | $0.0119 → $0.0159 | +33.3% |
| Mar 6, 1987 | Raise | $0.0079 → $0.0119 | +50.0% |
| Sep 8, 1986 | Raise | $0.0053 → $0.0079 | +50.0% |
Frequently Asked Questions
Is BBWI a good dividend stock?
Yes, with caveats. Bath & Body Works, Inc. (BBWI) pays a quarterly dividend yielding 3.97% ($0.80/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 BBWI undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BBWI's fair value is about $17.56 versus a $20.14 share price — so it looks fairly valued (-13% vs. fair value).
Is BBWI's dividend safe?
BBWI has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2021, debt and yield-versus-history.
What is BBWI's fair value?
Our blended fair-value estimate for BBWI is about $17.56 per share, about 13% below the current $20.14 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is BBWI a buy, hold, or sell?
We don't issue formal ratings, but on the data BBWI screens as "yes, with caveats" and fairly valued. Bath & Body Works, Inc. (BBWI) pays a quarterly dividend yielding 3.97% ($0.80/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 BBWI cut its dividend?
BBWI earns a dividend-safety grade of C (65/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does BBWI pay a dividend?
Yes. Bath & Body Works, Inc. pays a quarterly dividend of about $0.80 per share annually, a forward yield of roughly 3.97%.
What is BBWI's dividend yield?
As of Oct 18, 2026, BBWI's forward dividend yield is 3.97%, based on a $0.80 annual dividend and a $20.14 share price.
What is BBWI's dividend per share?
As of Oct 18, 2026, BBWI pays $0.80 per share per year, distributed on a quarterly basis.
What is BBWI's dividend payout ratio?
As of Oct 18, 2026, BBWI's payout ratio is 21% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has BBWI grown its dividend?
BBWI does not currently have a long dividend-growth streak on record.
When is the next BBWI ex-dividend date?
As of Oct 18, 2026, BBWI's next ex-dividend date hasn't been announced. The most recent was Aug 21, 2026, for $0.20 per share.
BBWI Price — Last 12 Months
Daily close
Price Return
1 Year
+16%
3 Years
-38%
5 Years
-73%
52-Week Range
$14.28 – $27.40
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BBWI worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Bath & Body Works, Inc. is $17.56 per share, versus a market price of $20.14. That implies the stock is roughly fairly priced.
Fair Value
$17.56
Current Price
$20.14
Gap
-13%
Margin of Safety
-15%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 1.5% annual free-cash-flow growth. We model 0.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 11.3% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $3.80 EPS, $0.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BBWI Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full BBWI dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 21, 2026 | Sep 4, 2026 | $0.2000 | regular |
| Jun 5, 2026 | Jun 19, 2026 | $0.2000 | regular |
| Feb 20, 2026 | Mar 6, 2026 | $0.2000 | regular |
| Nov 21, 2025 | Dec 5, 2025 | $0.2000 | regular |
| Aug 22, 2025 | Sep 5, 2025 | $0.2000 | regular |
| Jun 6, 2025 | Jun 20, 2025 | $0.2000 | regular |
| Feb 21, 2025 | Mar 7, 2025 | $0.2000 | regular |
| Nov 22, 2024 | Dec 6, 2024 | $0.2000 | regular |
| Aug 23, 2024 | Sep 6, 2024 | $0.2000 | regular |
| Jun 7, 2024 | Jun 21, 2024 | $0.2000 | regular |
| Feb 22, 2024 | Mar 8, 2024 | $0.2000 | regular |
| Nov 16, 2023 | Dec 1, 2023 | $0.2000 | regular |
| Aug 17, 2023 | Sep 1, 2023 | $0.2000 | regular |
| Jun 1, 2023 | Jun 16, 2023 | $0.2000 | regular |
Income Calculator
At $0.80 / yr per share
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