Zoetis Inc.
ZTSHealthcare · Stock · quarterly payer
Forward Yield
2.84%
Annual Dividend
$2.12
Payout Ratio
33%
5-Yr Growth
20.1%
Ex-Date
Jul 20, 2026
Frequency
Quarterly
Summary
As of July 2026, Zoetis Inc. (ZTS) yields 2.84% ($2.12 per share annually), with a blended fair-value estimate of $94.64 — +26% upside, so it screens as undervalued. Dividend safety grade: B (79/100). 12 years of dividend growth.
Is ZTS a good dividend stock?
YesZoetis Inc. (ZTS) pays a quarterly dividend yielding 2.84% ($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 (33%)
- Strong 20.1% 5-yr dividend growth
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.84%
- Payout Ratio
- 33%
- Annual Dividend
- $2.12
- 5-Yr Avg Growth
- 20.1%
- Ex-Dividend Date
- Jul 20, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 0.75
- Market Cap
- $31.6B
- P/E Ratio
- 12.4
- 5-Yr Total Return
- -63%
- 52-Week Range
- $71.47 – $160.48
- Dividend Safety
- B · 79/100
- Ever Cut?
- No
Frequently Asked Questions
ZTS Price — Last 12 Months
Daily close
Price Return
1 Year
-52%
3 Years
-60%
5 Years
-63%
52-Week Range
$71.47 – $160.48
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ZTS worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Zoetis Inc. is $94.64 per share, versus a market price of $75.35. That implies 26% of upside — a margin of safety of about 20%.
Fair Value
$94.64
Current Price
$75.35
Upside
+26%
Margin of Safety
20%
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 2.9% annual free-cash-flow growth. We model 8.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 8.2% stage-1 growth, 2.5% terminal growth, $6.10 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 20, 2026 | — | $0.5300 | regular |
| Apr 20, 2026 | — | $0.5300 | regular |
| Jan 20, 2026 | — | $0.5300 | regular |
| Oct 31, 2025 | — | $0.5000 | regular |
| Jul 18, 2025 | — | $0.5000 | regular |
| Apr 21, 2025 | — | $0.5000 | regular |
| Jan 21, 2025 | — | $0.5000 | regular |
| Oct 31, 2024 | — | $0.4320 | regular |
| Jul 18, 2024 | — | $0.4320 | regular |
| Apr 18, 2024 | — | $0.4320 | regular |
| Jan 18, 2024 | — | $0.4320 | regular |
| Oct 31, 2023 | — | $0.3750 | regular |
| Jul 20, 2023 | — | $0.3750 | regular |
| Apr 20, 2023 | — | $0.3750 | regular |
Income Calculator
At $2.12 / yr per share
