SAP Dividend

SAP SE · Technology · Software - Application · annual payer

$233.45

As of Nov 9, 2026, SAP pays an annual dividend of $2.9290 per share, or $2.93 a year, a 1.25% yield at its $233.45 share price. It pays once a year, usually in May. It has raised its dividend 2 years in a row and has a dividend safety grade of B.

Forward Yield

1.25%

Annual Dividend

$2.93

Payout Ratio

36%

5-Yr Growth

9.0%

Ex-Date

May 5, 2026

Frequency

Annual

Key facts about SAP's dividend

Data as of Nov 9, 2026 · Source: SmarterDividends data

As of Nov 9, 2026, SAP SE (SAP) has a forward dividend yield of 1.25%, based on an annual dividend of $2.93 per share and a share price of $233.45.
As of Nov 9, 2026, SAP's dividend safety grade from SmarterDividends is B (68 out of 100), which rates the dividend as safe.
By SmarterDividends' count, SAP SE (SAP) has raised its dividend for 2 consecutive years as of Nov 9, 2026.
SAP last cut its regular dividend in 2023.
SAP's most recent ex-dividend date was May 5, 2026, for a dividend of $2.93 per share.
As of Nov 9, 2026, SAP pays out 36% of its trailing 12-month earnings as dividends (its payout ratio).
SAP's dividend has grown at an average rate of 9.0% a year over the past five years.
As of Nov 9, 2026, SAP's 1.25% yield is 22% below its five-year average yield of 1.59%.
As of Nov 9, 2026, SmarterDividends' blended fair-value estimate for SAP is $141.21 per share, 40% below the $233.45 share price, so SAP screens as overvalued.
SAP SE (SAP) pays its dividend annual, once a year.

Cite this page

SmarterDividends, "SAP Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 9, 2026, https://smarterdividends.com/stocks/SAP

Is SAP a good dividend stock?

Yes, with caveats

SAP SE (SAP) pays a annual dividend yielding 1.25% ($2.93/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

Comfortable payout ratio (36%)
Strong 9.0% 5-yr dividend growth
82% total price return over 5 years

Risks

Cut its dividend in 2023

Key Data

Dividend Yield: 1.25%
Payout Ratio: 36%
Annual Dividend: $2.93
5-Yr Avg Growth: 9.0%
Ex-Dividend Date: May 5, 2026
Years of Growth: 2
Frequency: annual
Beta: 0.70
Market Cap: $269.4B
P/E Ratio: 29.1
5-Yr Total Return: 82%
52-Week Range: $144.97 – $255.90
Dividend Safety: B · 68/100
Ever Cut?: Yes (2023)

SAP dividend changes

SAP SE (SAP) pays a variable dividend: across the 28 payments on record since 1999, 18 were higher than the one before and 1 lower. The latest change was up 11.4% to $2.93 per share, going ex-dividend on May 5, 2026.

Ex-date	Change	Old → new	Move
May 5, 2026	Higher	$2.63 → $2.93	+11.4%
May 13, 2025	Higher	$2.39 → $2.63	+10.3%
May 16, 2024	Higher	$2.19 → $2.39	+9.1%
May 13, 2021	Higher	$1.71 → $2.19	+27.9%
May 21, 2020	Higher	$1.70 → $1.71	+0.9%
May 16, 2019	Lower	$1.73 → $1.70	−1.8%
May 18, 2018	Higher	$1.33 → $1.73	+29.8%
May 11, 2017	Higher	$1.31 → $1.33	+1.6%
May 10, 2016	Higher	$1.19 → $1.31	+10.3%
May 18, 2015	Higher	$1.11 → $1.19	+6.6%
May 31, 2013	Higher	$0.825 → $1.11	+35.0%
May 23, 2011	Higher	$0.675 → $0.825	+22.2%

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

SAP ex-dividend date & scheduleNext ex-date May 5, 2026 · full ex-dividend historyView →SAP dividend historyEvery payment, totals by year, raises and cutsView →SAP dividend calculator100 shares pay $293.00 a year, $293.00 each yearCalculate →SAP total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is SAP a good dividend stock?

Yes, with caveats. SAP SE (SAP) pays a annual dividend yielding 1.25% ($2.93/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is SAP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SAP's fair value is about $141.21 versus a $233.45 share price — so it looks overvalued (-40% vs. fair value).

Is SAP's dividend safe?

SAP has a dividend-safety grade of B (68/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is SAP's fair value?

Our blended fair-value estimate for SAP is about $141.21 per share, about 40% below the current $233.45 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is SAP a buy, hold, or sell?

We don't issue formal ratings, but on the data SAP screens as "yes, with caveats" and overvalued. SAP SE (SAP) pays a annual dividend yielding 1.25% ($2.93/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will SAP cut its dividend?

SAP earns a dividend-safety grade of B (68/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does SAP pay a dividend?

Yes. SAP SE pays a annual dividend of about $2.93 per share annually, a forward yield of roughly 1.25%.

How much dividend does 100 shares of SAP pay?

At $2.93 per share a year, 100 shares of SAP pay $293.00 a year in dividends before tax, about $293.00 each year. Buying them costs about $23,345 at the Nov 9, 2026 price.

What is SAP's dividend yield?

As of Nov 9, 2026, SAP's forward dividend yield is 1.25%, based on a $2.93 annual dividend and a $233.45 share price.

What is SAP's dividend per share?

As of Nov 9, 2026, SAP pays $2.93 per share per year, distributed on a annual basis.

What is SAP's dividend payout ratio?

As of Nov 9, 2026, SAP's payout ratio is 36% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has SAP grown its dividend?

As of Nov 9, 2026, SAP has increased its dividend for 2 consecutive years.

When is the next SAP ex-dividend date?

As of Nov 9, 2026, SAP's next ex-dividend date hasn't been announced. The most recent was May 5, 2026, for $2.93 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full SAP dividend history →

Ex-Date	Pay Date	Amount	Type
May 5, 2026	May 15, 2026	$2.9290	regular
May 13, 2025	May 23, 2025	$2.6300	regular
May 16, 2024	May 28, 2024	$2.3850	regular
May 12, 2023	May 22, 2023	$2.1860	regular
May 19, 2022	May 31, 2022	$2.6600	regular
May 13, 2021	May 25, 2021	$2.1890	regular
May 21, 2020	Jun 2, 2020	$1.7120	regular
May 16, 2019	May 28, 2019	$1.6960	regular
May 18, 2018	May 29, 2018	$1.7270	regular
May 11, 2017	May 22, 2017	$1.3310	regular
May 10, 2016	May 20, 2016	$1.3100	regular
May 18, 2015	May 29, 2015	$1.1880	regular
May 22, 2014	May 29, 2014	$1.3660	regular
May 31, 2013	Jun 12, 2013	$1.1140	regular