Constellation Software dividend
Constellation Software paid $4.00 per share annually from 2021 through 2025, and the forecast keeps dividends at $4.00 per share annually. Its cash generation creates room to compound, but FCFA2S measures financial capacity, not necessarily money available for dividends.
How much does Constellation Software pay in dividends over the years shown?
Dividends remain $4.00 per share annually in all three cases. That matches every year from 2021 through 2025, while CSU has consistently directed much more capital to acquisitions than dividends. Even the bear case provides no evidence strong enough to assume a cut.
Does Constellation Software's cash cover its dividend?
FCFA2S is CSU’s measure of cash available to shareholders if it makes no acquisitions, investments or debt repayments. In 2025 it was $1.683 billion. The calculation deducts debt interest, lease payments, capital expenditure, the $440 million IRGA revaluation and the portion belonging to minority owners. It therefore measures financial capacity, not necessarily money available for dividends.
Liquidity needs the same care. A June current ratio of approximately 0.90 partly reflects deferred revenue, which represents services CSU still owes customers. The share count stayed unchanged through the period, while the regular dividend remained $4 per share. Cash generation has created room to compound, but the balance sheet determines how much of that room is truly available.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| − Dividends paid | 85 | 85 | 85 | 85 | 85 |
| − Share buybacks | 0 | 0 | 0 | 0 | 0 |
| New shares sold | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 1,340 | 1,519 | 1,695 | 1,566 | 1,216 |
What this means. Acquisitions include payments made after buying a business and subtract cash acquired, but do not subtract money received from selling a business.
What could change Constellation Software's dividend?
The bear case would gain weight in 2027–2028 if currency-adjusted organic growth stayed near 1% and Altera’s decline continued. It would strengthen further in 2027–2029 if purchase prices rose while acquisition returns weakened.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Net asset value | 5,613 (4,857 / 5,911) | 6,658 (5,466 / 7,233) | 7,782 (6,115 / 8,713) |
| Shares (millions) | 21.19 (21.19 / 21.19) | 21.19 (21.19 / 21.19) | 21.19 (21.19 / 21.19) |
| Dividends per share | 4.00 (4.00 / 4.00) | 4.00 (4.00 / 4.00) | 4.00 (4.00 / 4.00) |
| Price to net asset value | 10.00 (7.50 / 11.00) | 10.50 (6.50 / 12.00) | 11.00 (5.50 / 13.00) |
What is Constellation Software's dividend yield at its share price today?
At C$3,139.30 a share, the market values all CSU’s shares at C$66,526.57 million. Its next-twelve-month price-to-earnings ratio, or P/E, is 18.6x. That means investors pay C$18.60 for each Canadian dollar of forecast annual earnings.
| Today (Oct 15, 2026) | |
|---|---|
| Share price | 3,139.30 |
| Market value (every class) (calculated) | 66,526.57 |
| Price to book (calculated) | 11.3x |
| P/E, next 12 months (calculated) | 18.6x |
| Dividend yield (calculated) | 0.2% |
What this means. The expected profit measure uses analysts’ estimate for the next year, not a promise from the company, so it can change.