Heineken Holding N.V.
HKHHFConsumer Defensive · Stock · semiannual payer
Forward Yield
2.88%
Annual Dividend
$2.24
Payout Ratio
46%
5-Yr Growth
-0.6%
Ex-Date
Aug 7, 2026
Frequency
Semiannual
Summary
As of September 2026, Heineken Holding N.V. (HKHHF) yields 2.88% ($2.24 per share annually), with a blended fair-value estimate of $170.25 — +119% upside, so it screens as undervalued. Dividend safety grade: C (56/100). 1 years of dividend growth.
Is HKHHF a good dividend stock?
MixedHeineken Holding N.V. (HKHHF) pays a semiannual dividend yielding 2.88% ($2.24/yr), with 1 year 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 (46%)
Risks
- Cut its dividend in 2024
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.88%
- Payout Ratio
- 46%
- Annual Dividend
- $2.24
- 5-Yr Avg Growth
- -0.6%
- Ex-Dividend Date
- Aug 7, 2026
- Years of Growth
- 1
- Frequency
- semiannual
- Beta
- 0.63
- Market Cap
- $21.3B
- P/E Ratio
- 16.5
- 5-Yr Total Return
- -17%
- 52-Week Range
- $66.15 – $86.08
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
HKHHF Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+1%
5 Years
-17%
52-Week Range
$66.15 – $86.08
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HKHHF worth?
Undervaluedlow confidenceOur blended fair-value estimate for Heineken Holding N.V. is $170.25 per share, versus a market price of $77.60. That implies 119% of upside — a margin of safety of about 54%.
Fair Value
$170.25
Current Price
$77.60
Upside
+119%
Margin of Safety
54%
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 13.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.4% discount rate (CAPM), 13.5% stage-1 growth, 2.5% terminal growth, $4.70 EPS, $2.24 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HKHHF 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 27, 2026 | — | $1.5560 | regular |
| Jul 30, 2025 | — | $0.8550 | regular |
| Apr 23, 2025 | — | $1.3310 | regular |
| Jul 31, 2024 | — | $0.7460 | regular |
| Apr 29, 2024 | — | $1.1130 | regular |
| Aug 2, 2023 | — | $0.7600 | regular |
| Apr 24, 2023 | — | $1.3520 | regular |
| Aug 3, 2022 | — | $0.5080 | regular |
| Apr 25, 2022 | — | $1.0370 | regular |
| Aug 4, 2021 | — | $0.3320 | regular |
| Apr 26, 2021 | — | $0.8470 | regular |
| Apr 27, 2020 | — | $1.1260 | regular |
| Jul 31, 2019 | — | $0.7140 | regular |
| Apr 29, 2019 | — | $1.1260 | regular |
Income Calculator
At $2.24 / yr per share
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