Smith & Nephew plc
SNNHealthcare · Stock · semiannual payer
Forward Yield
2.96%
Annual Dividend
$0.79
Payout Ratio
53%
5-Yr Growth
0.3%
Ex-Date
Oct 2, 2026
Frequency
Semiannual
Summary
As of September 2026, Smith & Nephew plc (SNN) yields 2.96% ($0.79 per share annually), with a blended fair-value estimate of $31.96 — +16% upside, so it screens as undervalued. Dividend safety grade: A (88/100). 1 years of dividend growth.
Is SNN a good dividend stock?
YesSmith & Nephew plc (SNN) pays a semiannual dividend yielding 2.96% ($0.79/yr), with 1 year of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (53%)
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.96%
- Payout Ratio
- 53%
- Annual Dividend
- $0.79
- 5-Yr Avg Growth
- 0.3%
- Ex-Dividend Date
- Oct 2, 2026
- Years of Growth
- 1
- Frequency
- semiannual
- Beta
- 0.68
- Market Cap
- $11.2B
- P/E Ratio
- 18.2
- 5-Yr Total Return
- -21%
- 52-Week Range
- $27.23 – $37.51
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
Frequently Asked Questions
SNN Price — Last 12 Months
Daily close
Price Return
1 Year
-25%
3 Years
+24%
5 Years
-21%
52-Week Range
$27.23 – $37.51
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SNN worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Smith & Nephew plc is $31.96 per share, versus a market price of $27.56. That implies 16% of upside — a margin of safety of about 14%.
Fair Value
$31.96
Current Price
$27.56
Upside
+16%
Margin of Safety
14%
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 9.5% annual free-cash-flow growth. We model 11.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.7% discount rate (CAPM), 11.9% stage-1 growth, 2.5% terminal growth, $1.47 EPS, $0.79 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SNN Dividend Safety Score
Very 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
Full SNN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 27, 2026 | — | $0.4820 | regular |
| Oct 3, 2025 | — | $0.3000 | regular |
| Mar 28, 2025 | — | $0.4620 | regular |
| Oct 4, 2024 | — | $0.2880 | regular |
| Apr 1, 2024 | — | $0.4620 | regular |
| Oct 5, 2023 | — | $0.2880 | regular |
| Mar 30, 2023 | — | $0.4620 | regular |
| Sep 29, 2022 | — | $0.2880 | regular |
| Mar 31, 2022 | — | $0.4620 | regular |
| Sep 30, 2021 | — | $0.2880 | regular |
| Apr 5, 2021 | — | $0.4620 | regular |
| Oct 1, 2020 | — | $0.2880 | regular |
| Apr 2, 2020 | — | $0.4620 | regular |
| Oct 3, 2019 | — | $0.2880 | regular |
Income Calculator
At $0.79 / yr per share
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