Grifols, S.A.

GRFS

Healthcare · Drug Manufacturers - General · Stock · annual payer

$7.64

Undervalued · +97% Add to Portfolio

Forward Yield

1.39%

Annual Dividend

$0.11

Payout Ratio

38%

5-Yr Growth

-3.0%

Ex-Date

Jul 2, 2026

Frequency

Annual

Key facts about GRFS's dividend

Data as of Oct 18, 2026 · Source: SmarterDividends data

As of Oct 18, 2026, Grifols, S.A. (GRFS) has a forward dividend yield of 1.39%, based on an annual dividend of $0.11 per share and a share price of $7.64.
As of Oct 18, 2026, GRFS's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
GRFS last cut its regular dividend in 2019.
GRFS's most recent ex-dividend date was Jul 2, 2026, for a dividend of $0.0940 per share.
As of Oct 18, 2026, GRFS pays out 38% of its trailing 12-month earnings as dividends (its payout ratio).
GRFS's dividend has shrunk at an average rate of 3.0% a year over the past five years.
As of Oct 18, 2026, GRFS's 1.39% yield is 44% below its five-year average yield of 2.48%.
As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for GRFS is $15.08 per share, 97% above the $7.64 share price, so GRFS screens as undervalued.
Grifols, S.A. (GRFS) pays its dividend annual, once a year.

Cite this page

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

Summary

As of Oct 18, 2026, Grifols, S.A. (GRFS) yields 1.39% ($0.11 a year per share) and has a dividend safety grade of C (54/100).

Is GRFS a good dividend stock?

Mixed

Grifols, S.A. (GRFS) pays a annual dividend yielding 1.39% ($0.11/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

Comfortable payout ratio (38%)

Risks

Cut its dividend in 2019
Dividend has been shrinking, not growing
Share price is down over the past 5 years

Key Data

Dividend Yield: 1.39%
Payout Ratio: 38%
Annual Dividend: $0.11
5-Yr Avg Growth: -3.0%
Ex-Dividend Date: Jul 2, 2026
Years of Growth: 0
Frequency: annual
Beta: 1.20
Market Cap: $5.2B
P/E Ratio: 9.8
5-Yr Total Return: -29%
52-Week Range: $6.96 – $9.90
Dividend Safety: C · 54/100
Ever Cut?: Yes (2019)

GRFS dividend changes

Grifols, S.A. (GRFS) pays a variable dividend: across the 18 payments on record since 2013, 10 were higher than the one before and 2 lower. The latest change was up 126.9% to $0.456 per share, going ex-dividend on Jun 3, 2021.

Ex-date	Change	Old → new	Move
Jun 3, 2021	Higher	$0.201 → $0.456	+126.9%
Oct 30, 2020	Higher	$0.174 → $0.201	+15.5%
Jun 7, 2019	Lower	$0.228 → $0.174	−23.7%
Nov 30, 2018	Higher	$0.212 → $0.228	+7.5%
Dec 1, 2017	Higher	$0.163 → $0.212	+30.1%
May 30, 2017	Higher	$0.159 → $0.163	+2.5%
Jun 2, 2016	Lower	$0.185 → $0.159	−14.1%
Dec 10, 2015	Higher	$0.168 → $0.185	+10.4%
Jun 8, 2015	Higher	$0.157 → $0.168	+7.0%
Dec 4, 2014	Higher	$0.144 → $0.157	+9.1%
Jun 5, 2014	Higher	$0.130 → $0.144	+10.8%
Jun 5, 2013	Higher	$0.0065 → $0.130	+1892.3%

Every GRFS payment →Download every raise and cut (CSV)

GRFS ex-dividend date & scheduleNext ex-date Jul 2, 2026 · full ex-dividend historyView →GRFS dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is GRFS a good dividend stock?

Mixed. Grifols, S.A. (GRFS) pays a annual dividend yielding 1.39% ($0.11/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is GRFS undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, GRFS's fair value is about $15.08 versus a $7.64 share price — so it looks undervalued (+97% vs. fair value).

Is GRFS's dividend safe?

GRFS has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2019, debt and yield-versus-history.

What is GRFS's fair value?

Our blended fair-value estimate for GRFS is about $15.08 per share, roughly 97% above the current $7.64 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is GRFS a buy, hold, or sell?

We don't issue formal ratings, but on the data GRFS screens as "mixed" and undervalued. Grifols, S.A. (GRFS) pays a annual dividend yielding 1.39% ($0.11/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will GRFS cut its dividend?

GRFS earns a dividend-safety grade of C (54/100), and has cut its dividend before (last in 2019). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does GRFS pay a dividend?

Yes. Grifols, S.A. pays a annual dividend of about $0.11 per share annually, a forward yield of roughly 1.39%.

What is GRFS's dividend yield?

As of Oct 18, 2026, GRFS's forward dividend yield is 1.39%, based on a $0.11 annual dividend and a $7.64 share price.

What is GRFS's dividend per share?

As of Oct 18, 2026, GRFS pays $0.11 per share per year, distributed on a annual basis.

What is GRFS's dividend payout ratio?

As of Oct 18, 2026, GRFS's payout ratio is 38% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has GRFS grown its dividend?

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

When is the next GRFS ex-dividend date?

As of Oct 18, 2026, GRFS's next ex-dividend date hasn't been announced. The most recent was Jul 2, 2026, for $0.0940 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full GRFS dividend history →

Ex-Date	Pay Date	Amount	Type
Jul 2, 2026	Jul 9, 2026	$0.0940	regular
Aug 12, 2025	Aug 20, 2025	$0.1730	regular
Jun 3, 2021	Jun 14, 2021	$0.4560	regular
Oct 30, 2020	Nov 9, 2020	$0.2010	regular
Dec 2, 2019	Dec 11, 2019	$0.2200	regular
Jun 7, 2019	Jun 18, 2019	$0.1740	regular
Nov 30, 2018	Dec 11, 2018	$0.2280	regular
Jun 1, 2018	Jun 12, 2018	$0.2510	regular
Dec 1, 2017	Dec 12, 2017	$0.2120	regular
May 30, 2017	Jun 8, 2017	$0.1630	regular
Dec 5, 2016	—	$0.1910	regular
Jun 2, 2016	—	$0.1590	regular
Dec 10, 2015	—	$0.1850	regular
Jun 8, 2015	—	$0.1675	regular