SmarterDividends
FMS

Fresenius Medical Care AG

FMS

Healthcare · Stock · annual payer

Forward Yield

3.97%

Annual Dividend

$0.87

Payout Ratio

44%

5-Yr Growth

2.9%

Ex-Date

May 22, 2026

Frequency

Annual

FMS Dividend Safety Score

61/ 100
Grade C

Borderline

Dividend-growth streak3 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage44% of earnings paid out
Free-cash-flow coverage28% of free cash flow
Balance-sheet strengthDebt/equity of 0.78
Yield vs its historyYield is 1.4× its 5-yr average — elevated

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

Is FMS a good dividend stock?

Yes, with caveats

Fresenius Medical Care AG (FMS) pays a annual dividend yielding 3.97% ($0.87/yr), with 2 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 (44%)

Risks

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

Key Data

Dividend Yield
3.97%
Payout Ratio
44%
Annual Dividend
$0.87
5-Yr Avg Growth
2.9%
Ex-Dividend Date
May 22, 2026
Years of Growth
2
Frequency
annual
Beta
0.81
Market Cap
$11.8B
P/E Ratio
11.5
5-Yr Total Return
-47%
52-Week Range
$20.02 – $29.07
Dividend Safety
C · 61/100
Ever Cut?
Yes (2023)
FMS ex-dividend date & scheduleNext ex-date May 22, 2026 · full ex-dividend historyView →

Frequently Asked Questions

Income Calculator

At $0.87 / yr per share

Per payment (annual)$87.00
Annual$87.00
Monthly avg$7.25