Toyota Motor Corporation
TMConsumer Cyclical · Stock · semiannual payer
Forward Yield
3.53%
Annual Dividend
$6.27
Payout Ratio
31%
5-Yr Growth
10.3%
Ex-Date
Mar 31, 2026
Frequency
Semiannual
Summary
As of July 2026, Toyota Motor Corporation (TM) yields 3.53% ($6.27 per share annually), with a blended fair-value estimate of $312.17 — +76% upside, so it screens as undervalued. Dividend safety grade: C (57/100). 3 years of dividend growth.
Is TM a good dividend stock?
MixedToyota Motor Corporation (TM) pays a semiannual dividend yielding 3.53% ($6.27/yr), with 3 years 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 (31%)
- Strong 10.3% 5-yr dividend growth
Risks
- Cut its dividend in 2022
Key Data
- Dividend Yield
- 3.53%
- Payout Ratio
- 31%
- Annual Dividend
- $6.27
- 5-Yr Avg Growth
- 10.3%
- Ex-Dividend Date
- Mar 31, 2026
- Years of Growth
- 3
- Frequency
- semiannual
- Beta
- 0.32
- Market Cap
- $211.4B
- P/E Ratio
- 9.7
- 5-Yr Total Return
- 2%
- 52-Week Range
- $166.10 – $248.90
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
TM Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+3%
5 Years
+2%
52-Week Range
$166.10 – $248.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TM worth?
Undervaluedlow confidenceOur blended fair-value estimate for Toyota Motor Corporation is $312.17 per share, versus a market price of $177.61. That implies 76% of upside — a margin of safety of about 43%.
Fair Value
$312.17
Current Price
$177.61
Upside
+76%
Margin of Safety
43%
How we get there
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 9.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 9.4% stage-1 growth, 2.5% terminal growth, $18.26 EPS, $6.27 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TM 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 |
|---|---|---|---|
| Mar 31, 2025 | — | $3.4570 | regular |
| Sep 30, 2024 | — | $2.6010 | regular |
| Mar 27, 2024 | — | $2.8610 | regular |
| Sep 28, 2023 | — | $2.0030 | regular |
| Mar 30, 2023 | — | $2.4960 | regular |
| Sep 29, 2022 | — | $1.7620 | regular |
| Mar 30, 2022 | — | $2.2030 | regular |
| Sep 29, 2021 | — | $2.0980 | regular |
| Mar 30, 2021 | — | $2.4500 | regular |
| Sep 29, 2020 | — | $2.0150 | regular |
| Mar 30, 2020 | — | $2.2250 | regular |
| Sep 27, 2019 | — | $1.8300 | regular |
| Sep 27, 2018 | — | $1.7580 | regular |
| Mar 28, 2018 | — | $2.1890 | regular |
Income Calculator
At $6.27 / yr per share
