SmarterDividends
CAKE

The Cheesecake Factory Incorporated

CAKE

Consumer Cyclical · Restaurants · Stock · quarterly payer

$114.92

Overvalued · -16% Add to Portfolio

Forward Yield

1.04%

Annual Dividend

$1.20

Payout Ratio

31%

5-Yr Growth

-5.6%

Ex-Date

Aug 11, 2026

Frequency

Quarterly

Key facts about CAKE's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, The Cheesecake Factory Incorporated (CAKE) has a forward dividend yield of 1.04%, based on an annual dividend of $1.20 per share and a share price of $114.92.
  • As of Oct 18, 2026, CAKE's dividend safety grade from SmarterDividends is C (60 out of 100), which rates the dividend as borderline.
  • CAKE last cut its regular dividend in 2022.
  • CAKE's most recent ex-dividend date was Aug 11, 2026, for a dividend of $0.30 per share.
  • As of Oct 18, 2026, CAKE pays out 31% of its trailing 12-month earnings as dividends (its payout ratio).
  • CAKE's dividend has shrunk at an average rate of 5.6% a year over the past five years.
  • As of Oct 18, 2026, CAKE's 1.04% yield is 59% below its five-year average yield of 2.56%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for CAKE is $96.40 per share, 16% below the $114.92 share price, so CAKE screens as overvalued.
  • The Cheesecake Factory Incorporated (CAKE) pays its dividend quarterly, 4 times a year.
  • The Cheesecake Factory Incorporated (CAKE) has raised its regular dividend 8 times and cut it 0 times across the 49 payments on record since 2012. Its most recent change was a 11.1% increase to $0.300 per share, going ex-dividend on Mar 4, 2026.
Cite this page

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

Summary

As of Oct 18, 2026, The Cheesecake Factory Incorporated (CAKE) yields 1.04% ($1.20 a year per share) and has a dividend safety grade of C (60/100).

Is CAKE a good dividend stock?

Yes, with caveats

The Cheesecake Factory Incorporated (CAKE) pays a quarterly dividend yielding 1.04% ($1.20/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 (31%)
  • 200% total price return over 5 years

Risks

  • Cut its dividend in 2022
  • Dividend has been shrinking, not growing

Key Data

Dividend Yield
1.04%
Payout Ratio
31%
Annual Dividend
$1.20
5-Yr Avg Growth
-5.6%
Ex-Dividend Date
Aug 11, 2026
Years of Growth
0
Frequency
quarterly
Beta
1.04
Market Cap
$5.7B
P/E Ratio
31.1
5-Yr Total Return
200%
52-Week Range
$43.07 – $118.63
Dividend Safety
C · 60/100
Ever Cut?
Yes (2022)

CAKE dividend raises and cuts

The Cheesecake Factory Incorporated (CAKE) has raised its regular dividend 8 times and cut it 0 times across the 49 payments on record since 2012. Its most recent change was a 11.1% increase to $0.300 per share, going ex-dividend on Mar 4, 2026.

Ex-dateChangeOld → newMove
Mar 4, 2026Raise$0.270 → $0.300+11.1%
Aug 13, 2019Raise$0.330 → $0.360+9.1%
Aug 14, 2018Raise$0.290 → $0.330+13.8%
Aug 14, 2017Raise$0.240 → $0.290+20.8%
Aug 8, 2016Raise$0.200 → $0.240+20.0%
Aug 3, 2015Raise$0.165 → $0.200+21.2%
Aug 4, 2014Raise$0.140 → $0.165+17.9%
Aug 5, 2013Raise$0.120 → $0.140+16.7%
Every CAKE payment →Download every raise and cut (CSV)
CAKE ex-dividend date & scheduleNext ex-date Aug 11, 2026 · full ex-dividend historyView →CAKE dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is CAKE a good dividend stock?

Yes, with caveats. The Cheesecake Factory Incorporated (CAKE) pays a quarterly dividend yielding 1.04% ($1.20/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 CAKE undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CAKE's fair value is about $96.40 versus a $114.92 share price — so it looks overvalued (-16% vs. fair value).

Is CAKE's dividend safe?

CAKE 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 2022, debt and yield-versus-history.

What is CAKE's fair value?

Our blended fair-value estimate for CAKE is about $96.40 per share, about 16% below the current $114.92 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CAKE a buy, hold, or sell?

We don't issue formal ratings, but on the data CAKE screens as "yes, with caveats" and overvalued. The Cheesecake Factory Incorporated (CAKE) pays a quarterly dividend yielding 1.04% ($1.20/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 CAKE cut its dividend?

CAKE earns a dividend-safety grade of C (60/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CAKE pay a dividend?

Yes. The Cheesecake Factory Incorporated pays a quarterly dividend of about $1.20 per share annually, a forward yield of roughly 1.04%.

What is CAKE's dividend yield?

As of Oct 18, 2026, CAKE's forward dividend yield is 1.04%, based on a $1.20 annual dividend and a $114.92 share price.

What is CAKE's dividend per share?

As of Oct 18, 2026, CAKE pays $1.20 per share per year, distributed on a quarterly basis.

What is CAKE's dividend payout ratio?

As of Oct 18, 2026, CAKE's payout ratio is 31% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has CAKE grown its dividend?

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

When is the next CAKE ex-dividend date?

As of Oct 18, 2026, CAKE's next ex-dividend date hasn't been announced. The most recent was Aug 11, 2026, for $0.30 per share.

Income Calculator

At $1.20 / yr per share

Per payment (quarterly)$30.00
Annual$120.00
Monthly avg$10.00

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