Fresenius Medical Care AG
FMSHealthcare · Stock · annual payer
Forward Yield
3.89%
Annual Dividend
$0.87
Payout Ratio
45%
5-Yr Growth
2.9%
Ex-Date
May 22, 2026
Frequency
Annual
Summary
As of September 2026, Fresenius Medical Care AG (FMS) yields 3.89% ($0.87 per share annually), with a blended fair-value estimate of $58.00 — +161% upside, so it screens as undervalued. Dividend safety grade: C (61/100). 2 years of dividend growth.
Is FMS a good dividend stock?
Yes, with caveatsFresenius Medical Care AG (FMS) pays a annual dividend yielding 3.89% ($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 (45%)
Risks
- Cut its dividend in 2023
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.89%
- Payout Ratio
- 45%
- Annual Dividend
- $0.87
- 5-Yr Avg Growth
- 2.9%
- Ex-Dividend Date
- May 22, 2026
- Years of Growth
- 2
- Frequency
- annual
- Beta
- 0.83
- Market Cap
- $11.9B
- P/E Ratio
- 11.7
- 5-Yr Total Return
- -33%
- 52-Week Range
- $20.02 – $27.64
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
FMS Price — Last 12 Months
Daily close
Price Return
1 Year
-17%
3 Years
+33%
5 Years
-33%
52-Week Range
$20.02 – $27.64
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FMS worth?
Undervaluedlow confidenceOur blended fair-value estimate for Fresenius Medical Care AG is $58.00 per share, versus a market price of $22.20. That implies 161% of upside — a margin of safety of about 62%.
Fair Value
$58.00
Current Price
$22.20
Upside
+161%
Margin of Safety
62%
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 14.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.4% discount rate (CAPM), 14.7% stage-1 growth, 2.5% terminal growth, $1.90 EPS, $0.87 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FMS 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 FMS dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 22, 2026 | — | $0.8720 | regular |
| May 23, 2025 | — | $0.8150 | regular |
| May 17, 2024 | — | $0.6340 | regular |
| May 17, 2023 | — | $0.6180 | regular |
| May 13, 2022 | — | $0.7090 | regular |
| May 24, 2021 | — | $0.8340 | regular |
| Aug 28, 2020 | — | $0.7070 | regular |
| May 17, 2019 | — | $0.6550 | regular |
| May 21, 2018 | — | $0.6320 | regular |
| May 11, 2017 | — | $0.5140 | regular |
| May 10, 2016 | — | $0.4400 | regular |
| May 15, 2015 | — | $0.4380 | regular |
| May 13, 2014 | — | $0.5330 | regular |
| May 14, 2013 | — | $0.4900 | regular |
Income Calculator
At $0.87 / yr per share
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