Dolby Laboratories, Inc.
DLBIndustrials · Stock · quarterly payer
Forward Yield
2.87%
Annual Dividend
$1.41
Payout Ratio
55%
5-Yr Growth
8.9%
Ex-Date
May 12, 2026
Frequency
Quarterly
Summary
As of July 2026, Dolby Laboratories, Inc. (DLB) yields 2.87% ($1.41 per share annually), with a blended fair-value estimate of $89.09 — +82% upside, so it screens as undervalued. Dividend safety grade: B (77/100). 11 years of dividend growth.
Is DLB a good dividend stock?
YesDolby Laboratories, Inc. (DLB) pays a quarterly dividend yielding 2.87% ($1.41/yr), with 11 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 11 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (55%)
- Strong 8.9% 5-yr dividend growth
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.87%
- Payout Ratio
- 55%
- Annual Dividend
- $1.41
- 5-Yr Avg Growth
- 8.9%
- Ex-Dividend Date
- May 12, 2026
- Years of Growth
- 11
- Frequency
- quarterly
- Beta
- 0.81
- Market Cap
- $4.8B
- P/E Ratio
- 19.5
- 5-Yr Total Return
- -50%
- 52-Week Range
- $48.26 – $77.00
- Dividend Safety
- B · 77/100
- Ever Cut?
- No
Frequently Asked Questions
DLB Price — Last 12 Months
Daily close
Price Return
1 Year
-32%
3 Years
-42%
5 Years
-50%
52-Week Range
$48.26 – $77.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DLB worth?
Undervaluedlow confidenceOur blended fair-value estimate for Dolby Laboratories, Inc. is $89.09 per share, versus a market price of $49.07. That implies 82% of upside — a margin of safety of about 45%.
Fair Value
$89.09
Current Price
$49.07
Upside
+82%
Margin of Safety
45%
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 -10.0% annual free-cash-flow growth. We model 8.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.3% discount rate (CAPM), 8.7% stage-1 growth, 2.5% terminal growth, $2.52 EPS, $1.41 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DLB Dividend Safety Score
Safe
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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 12, 2026 | — | $0.3600 | regular |
| Feb 10, 2026 | — | $0.3600 | regular |
| Dec 2, 2025 | — | $0.3600 | regular |
| Aug 12, 2025 | — | $0.3300 | regular |
| May 13, 2025 | — | $0.3300 | regular |
| Feb 11, 2025 | — | $0.3300 | regular |
| Dec 3, 2024 | — | $0.3300 | regular |
| Aug 19, 2024 | — | $0.3000 | regular |
| May 13, 2024 | — | $0.3000 | regular |
| Feb 12, 2024 | — | $0.3000 | regular |
| Nov 27, 2023 | — | $0.3000 | regular |
| Aug 11, 2023 | — | $0.2700 | regular |
| May 15, 2023 | — | $0.2700 | regular |
| Feb 13, 2023 | — | $0.2700 | regular |
Income Calculator
At $1.41 / yr per share
