SmarterDividends
SM

SM Energy (SM) Dividend

SM Energy Company · Energy · Oil & Gas E&P · quarterly payer

$32.07

Undervalued · +37% Add to Portfolio

As of Nov 5, 2026, SM Energy (SM) pays a quarterly dividend of $0.22 per share, or $0.88 a year, a 2.83% yield at its $32.07 share price. It pays every quarter, usually in January, March, June and September. It has raised its dividend 4 years in a row and has a dividend safety grade of B.

Forward Yield

2.83%

Annual Dividend

$0.88

Payout Ratio

23%

5-Yr Growth

82.1%

Ex-Date

Sep 4, 2026

Frequency

Quarterly

Key facts about SM's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, SM Energy Company (SM) has a forward dividend yield of 2.83%, based on an annual dividend of $0.88 per share and a share price of $32.07.
  • As of Nov 5, 2026, SM's dividend safety grade from SmarterDividends is B (66 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, SM Energy Company (SM) has raised its dividend for 4 consecutive years as of Nov 5, 2026.
  • SM last cut its regular dividend in 2020.
  • SM's most recent ex-dividend date was Sep 4, 2026, for a dividend of $0.22 per share.
  • As of Nov 5, 2026, SM pays out 23% of its trailing 12-month earnings as dividends (its payout ratio).
  • SM's dividend has grown at an average rate of 82.1% a year over the past five years.
  • As of Nov 5, 2026, SM's 2.83% yield is 82% above its five-year average yield of 1.56%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for SM is $43.95 per share, 37% above the $32.07 share price, so SM screens as undervalued.
  • SM Energy Company (SM) pays its dividend quarterly, 4 times a year.
  • SM Energy Company (SM) has raised its regular dividend 7 times and cut it 1 time across the 92 payments on record since 1993. Its most recent change was a 10.0% increase to $0.220 per share, going ex-dividend on Mar 9, 2026. The last cut went ex-dividend on Apr 23, 2020.
Cite this page

SmarterDividends, "SM Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/SM

Is SM a good dividend stock?

Yes, with caveats

SM Energy Company (SM) pays a quarterly dividend yielding 2.83% ($0.88/yr), with 4 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 (23%)
  • Strong 82.1% 5-yr dividend growth

Risks

  • Cut its dividend in 2020

Key Data

Dividend Yield
2.83%
Payout Ratio
23%
Annual Dividend
$0.88
5-Yr Avg Growth
82.1%
Ex-Dividend Date
Sep 4, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.79
Market Cap
$7.5B
P/E Ratio
7.0
5-Yr Total Return
39%
52-Week Range
$17.45 – $41.56
Dividend Safety
B · 66/100
Ever Cut?
Yes (2020)

SM dividend raises and cuts

SM Energy Company (SM) has raised its regular dividend 7 times and cut it 1 time across the 92 payments on record since 1993. Its most recent change was a 10.0% increase to $0.220 per share, going ex-dividend on Mar 9, 2026. The last cut went ex-dividend on Apr 23, 2020.

Ex-dateChangeOld → newMove
Mar 9, 2026Raise$0.200 → $0.220+10.0%
Oct 25, 2024Raise$0.180 → $0.200+11.1%
Jan 18, 2024Raise$0.150 → $0.180+20.0%
Oct 24, 2022Raise$0.0100 → $0.150+1400.0%
Apr 23, 2020Cut$0.0500 → $0.0100−80.0%
May 4, 2005Raise$0.0250 → $0.0500+100.0%
May 9, 2001Raise$0.0125 → $0.0250+100.0%
Feb 12, 1997Raise$0.0100 → $0.0125+25.0%
Every SM payment →Download every raise and cut (CSV)
SM ex-dividend date & scheduleNext ex-date Sep 4, 2026 · full ex-dividend historyView →SM dividend historyEvery payment, totals by year, raises and cutsView →SM dividend calculator100 shares pay $88.00 a year, $22.00 each quarterCalculate →SM total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is SM a good dividend stock?

Yes, with caveats. SM Energy Company (SM) pays a quarterly dividend yielding 2.83% ($0.88/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is SM undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SM's fair value is about $43.95 versus a $32.07 share price — so it looks undervalued (+37% vs. fair value).

Is SM's dividend safe?

SM has a dividend-safety grade of B (66/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is SM's fair value?

Our blended fair-value estimate for SM is about $43.95 per share, roughly 37% above the current $32.07 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is SM a buy, hold, or sell?

We don't issue formal ratings, but on the data SM screens as "yes, with caveats" and undervalued. SM Energy Company (SM) pays a quarterly dividend yielding 2.83% ($0.88/yr), with 4 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 SM cut its dividend?

SM earns a dividend-safety grade of B (66/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does SM pay a dividend?

Yes. SM Energy Company pays a quarterly dividend of about $0.88 per share annually, a forward yield of roughly 2.83%.

How much dividend does 100 shares of SM pay?

At $0.88 per share a year, 100 shares of SM pay $88.00 a year in dividends before tax, about $22.00 each quarter. Buying them costs about $3,207 at the Nov 5, 2026 price.

What is SM's dividend yield?

As of Nov 5, 2026, SM's forward dividend yield is 2.83%, based on a $0.88 annual dividend and a $32.07 share price.

What is SM's dividend per share?

As of Nov 5, 2026, SM pays $0.88 per share per year, distributed on a quarterly basis.

What is SM's dividend payout ratio?

As of Nov 5, 2026, SM's payout ratio is 23% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has SM grown its dividend?

As of Nov 5, 2026, SM has increased its dividend for 4 consecutive years.

When is the next SM ex-dividend date?

As of Nov 5, 2026, SM's next ex-dividend date hasn't been announced. The most recent was Sep 4, 2026, for $0.22 per share.

Income Calculator

At $0.88 / yr per share

Per payment (quarterly)$22.00
Annual$88.00
Monthly avg$7.33
Full SM dividend calculator →

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