Zoetis (ZTS) Dividend
Zoetis Inc. · Healthcare · Drug Manufacturers - Specialty & Generic · quarterly payer
As of Nov 5, 2026, Zoetis (ZTS) pays a quarterly dividend of $0.53 per share, or $2.12 a year, a 2.38% yield at its $83.84 share price. It pays every quarter, usually in March, June, September and December. It has raised its dividend 12 years in a row and has a dividend safety grade of B.
Forward Yield
2.38%
Annual Dividend
$2.12
Payout Ratio
34%
5-Yr Growth
20.1%
Ex-Date
Oct 30, 2026
Frequency
Quarterly
Key facts about ZTS's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Zoetis Inc. (ZTS) has a forward dividend yield of 2.38%, based on an annual dividend of $2.12 per share and a share price of $83.84.
- As of Nov 5, 2026, ZTS's dividend safety grade from SmarterDividends is B (79 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, Zoetis Inc. (ZTS) has raised its dividend for 12 consecutive years as of Nov 5, 2026.
- ZTS has never cut its regular dividend in the payment history SmarterDividends has on record.
- ZTS's most recent ex-dividend date was Oct 30, 2026, for a dividend of $0.53 per share.
- As of Nov 5, 2026, ZTS pays out 34% of its trailing 12-month earnings as dividends (its payout ratio).
- ZTS's dividend has grown at an average rate of 20.1% a year over the past five years.
- As of Nov 5, 2026, ZTS's 2.38% yield is 169% above its five-year average yield of 0.89%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for ZTS is $91.31 per share, 9% above the $83.84 share price, so ZTS screens as fairly valued.
- Zoetis Inc. (ZTS) pays its dividend quarterly, 4 times a year.
- Zoetis Inc. (ZTS) has raised its regular dividend 13 times and cut it 0 times across the 55 payments on record since 2013. Its most recent change was a 6.0% increase to $0.530 per share, going ex-dividend on Jan 20, 2026.
- Zoetis (ZTS) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 6.0%, was declared on Dec 11, 2025.
Cite this page
SmarterDividends, "ZTS Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/ZTS
Is ZTS a good dividend stock?
YesZoetis Inc. (ZTS) pays a quarterly dividend yielding 2.38% ($2.12/yr), with 12 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 12 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (34%)
- Strong 20.1% 5-yr dividend growth
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.38%
- Payout Ratio
- 34%
- Annual Dividend
- $2.12
- 5-Yr Avg Growth
- 20.1%
- Ex-Dividend Date
- Oct 30, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 0.68
- Market Cap
- $34.6B
- P/E Ratio
- 13.8
- 5-Yr Total Return
- -64%
- 52-Week Range
- $68.77 – $144.83
- Dividend Safety
- B · 79/100
- Ever Cut?
- No
ZTS dividend raises and cuts
Zoetis Inc. (ZTS) has raised its regular dividend 13 times and cut it 0 times across the 55 payments on record since 2013. Its most recent change was a 6.0% increase to $0.530 per share, going ex-dividend on Jan 20, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jan 20, 2026 | Raise | $0.500 → $0.530 | +6.0% |
| Jan 21, 2025 | Raise | $0.432 → $0.500 | +15.7% |
| Jan 18, 2024 | Raise | $0.375 → $0.432 | +15.2% |
| Jan 19, 2023 | Raise | $0.325 → $0.375 | +15.4% |
| Jan 19, 2022 | Raise | $0.250 → $0.325 | +30.0% |
| Jan 19, 2021 | Raise | $0.200 → $0.250 | +25.0% |
| Jan 16, 2020 | Raise | $0.164 → $0.200 | +22.0% |
| Jan 17, 2019 | Raise | $0.126 → $0.164 | +30.2% |
| Jan 18, 2018 | Raise | $0.105 → $0.126 | +20.0% |
| Jan 18, 2017 | Raise | $0.0950 → $0.105 | +10.5% |
| Jan 19, 2016 | Raise | $0.0830 → $0.0950 | +14.5% |
| Jan 20, 2015 | Raise | $0.0720 → $0.0830 | +15.3% |
Show all 13 changes since 2014
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jan 28, 2014 | Raise | $0.0650 → $0.0720 | +10.8% |
Frequently Asked Questions
Is ZTS a good dividend stock?
Yes. Zoetis Inc. (ZTS) pays a quarterly dividend yielding 2.38% ($2.12/yr), with 12 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is ZTS undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ZTS's fair value is about $91.31 versus a $83.84 share price — so it looks fairly valued (+9% vs. fair value).
Is ZTS's dividend safe?
ZTS has a dividend-safety grade of B (79/100), based on its payout coverage, free-cash-flow, 12-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is ZTS's fair value?
Our blended fair-value estimate for ZTS is about $91.31 per share, roughly 9% above the current $83.84 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is ZTS a buy, hold, or sell?
We don't issue formal ratings, but on the data ZTS screens as "yes" and fairly valued. Zoetis Inc. (ZTS) pays a quarterly dividend yielding 2.38% ($2.12/yr), with 12 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will ZTS cut its dividend?
ZTS earns a dividend-safety grade of B (79/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does ZTS pay a dividend?
Yes. Zoetis Inc. pays a quarterly dividend of about $2.12 per share annually, a forward yield of roughly 2.38%.
How much dividend does 100 shares of ZTS pay?
At $2.12 per share a year, 100 shares of ZTS pay $212.00 a year in dividends before tax, about $53.00 each quarter. Buying them costs about $8,384 at the Nov 5, 2026 price.
What is ZTS's dividend yield?
As of Nov 5, 2026, ZTS's forward dividend yield is 2.38%, based on a $2.12 annual dividend and a $83.84 share price.
What is ZTS's dividend per share?
As of Nov 5, 2026, ZTS pays $2.12 per share per year, distributed on a quarterly basis.
What is ZTS's dividend payout ratio?
As of Nov 5, 2026, ZTS's payout ratio is 34% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has ZTS grown its dividend?
As of Nov 5, 2026, ZTS has increased its dividend for 12 consecutive years.
When is the next ZTS ex-dividend date?
As of Nov 5, 2026, ZTS's next ex-dividend date hasn't been announced. The most recent was Oct 30, 2026, for $0.53 per share.
ZTS Price — Last 12 Months
Daily close
Price Return
1 Year
-38%
3 Years
-55%
5 Years
-64%
52-Week Range
$68.77 – $144.83
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ZTS worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Zoetis Inc. is $91.31 per share, versus a market price of $83.84. That implies the stock is roughly fairly priced.
Fair Value
$91.31
Current Price
$83.84
Gap
+9%
Margin of Safety
8%
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 3.4% annual free-cash-flow growth. We model 6.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 6.8% growth for five years fading to 2.5% over the next five, $6.08 EPS, $2.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ZTS 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
Full ZTS dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 30, 2026 | Dec 1, 2026 | $0.5300 | regular |
| Jul 20, 2026 | Sep 1, 2026 | $0.5300 | regular |
| Apr 20, 2026 | Jun 2, 2026 | $0.5300 | regular |
| Jan 20, 2026 | Mar 3, 2026 | $0.5300 | regular |
| Oct 31, 2025 | Dec 2, 2025 | $0.5000 | regular |
| Jul 18, 2025 | Sep 3, 2025 | $0.5000 | regular |
| Apr 21, 2025 | Jun 3, 2025 | $0.5000 | regular |
| Jan 21, 2025 | Mar 4, 2025 | $0.5000 | regular |
| Oct 31, 2024 | Dec 3, 2024 | $0.4320 | regular |
| Jul 18, 2024 | Sep 4, 2024 | $0.4320 | regular |
| Apr 18, 2024 | Jun 4, 2024 | $0.4320 | regular |
| Jan 18, 2024 | Mar 1, 2024 | $0.4320 | regular |
| Oct 31, 2023 | Dec 1, 2023 | $0.3750 | regular |
| Jul 20, 2023 | Sep 1, 2023 | $0.3750 | regular |
Income Calculator
At $2.12 / yr per share
Similar Dividend Stocks
Compare ZTS
Explore more
Lists and tools related to ZTS
- Does Zoetis pay dividends? →
- Companies that raise dividends in December →
- Stocks that pay dividends in December →
- Healthcare dividend stocks →
- ZTS dividend calculator →
- ZTS DRIP calculator →
- ZTS: last day to buy for the dividend →
- Embed ZTS dividend data on your site →
- Dividend increases & cuts this week →
- Dividend calendar →
- Dividend calculator →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →