SAP SE
SAPTechnology · Stock · annual payer
Forward Yield
1.40%
Annual Dividend
$2.93
Payout Ratio
38%
5-Yr Growth
9.0%
Ex-Date
May 6, 2026
Frequency
Annual
Summary
As of September 2026, SAP SE (SAP) yields 1.40% ($2.93 per share annually), with a blended fair-value estimate of $167.81 — -20% downside, so it screens as overvalued. Dividend safety grade: B (68/100). 2 years of dividend growth.
Is SAP a good dividend stock?
Yes, with caveatsSAP SE (SAP) pays a annual dividend yielding 1.40% ($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 (38%)
- Strong 9.0% 5-yr dividend growth
- 45% total price return over 5 years
Risks
- Cut its dividend in 2023
Key Data
- Dividend Yield
- 1.40%
- Payout Ratio
- 38%
- Annual Dividend
- $2.93
- 5-Yr Avg Growth
- 9.0%
- Ex-Dividend Date
- May 6, 2026
- Years of Growth
- 2
- Frequency
- annual
- Beta
- 0.78
- Market Cap
- $241.7B
- P/E Ratio
- 27.3
- 5-Yr Total Return
- 45%
- 52-Week Range
- $144.97 – $281.37
- Dividend Safety
- B · 68/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
SAP Price — Last 12 Months
Daily close
Price Return
1 Year
-19%
3 Years
+56%
5 Years
+45%
52-Week Range
$144.97 – $281.37
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SAP worth?
Overvaluedmedium confidenceOur blended fair-value estimate for SAP SE is $167.81 per share, versus a market price of $209.45. That implies 20% of downside.
Fair Value
$167.81
Current Price
$209.45
Downside
-20%
Margin of Safety
-25%
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 40.0% annual free-cash-flow growth. We model 16.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.2% discount rate (CAPM), 16.6% stage-1 growth, 2.5% terminal growth, $7.67 EPS, $2.93 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SAP Dividend Safety Score
Safe
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 |
|---|---|---|---|
| May 5, 2026 | — | $2.9290 | regular |
| May 13, 2025 | — | $2.6300 | regular |
| May 16, 2024 | — | $2.3850 | regular |
| May 12, 2023 | — | $2.1860 | regular |
| May 19, 2022 | — | $2.6600 | regular |
| May 13, 2021 | — | $2.1890 | regular |
| May 21, 2020 | — | $1.7120 | regular |
| May 16, 2019 | — | $1.6960 | regular |
| May 18, 2018 | — | $1.7270 | regular |
| May 11, 2017 | — | $1.3310 | regular |
| May 10, 2016 | — | $1.3100 | regular |
| May 18, 2015 | — | $1.1880 | regular |
| May 22, 2014 | — | $1.3660 | regular |
| May 31, 2013 | — | $1.1140 | regular |
Income Calculator
At $2.93 / yr per share
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