Dassault Systèmes dividend
MyStockButler's November 2026 analysis: Dassault Systèmes' dividend has risen from €0.17 to €0.27 historically, with the forecast moving from €0.29 to €0.33 per share. Dassault Systèmes generated €1,379.6 million of free cash flow in 2025, providing cash against which dividend coverage can be assessed.
How much does Dassault Systèmes pay per share?
Base dividends rise from €0.29 to €0.33 per share. The path is slower than the historical increase from €0.17 to €0.27, but fits the stated 30% IFRS net-income policy and the current EPS outlook. The bear case holds at €0.27 before a small increase, reflecting weak growth and integration risk; the bull case reaches €0.38 if earnings growth broadens.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 6,235.8 | 6,213.6 | 5,951.4 | 5,665.3 | 4,860.1 |
| Net income | 1,196.0 | 1,200.2 | 1,050.9 | 931.5 | 773.7 |
| EPS, diluted | 0.90 | 0.90 | 0.79 | 0.70 | 0.58 |
| Dividend per share | 0.27 | 0.26 | 0.23 | 0.21 | 0.17 |
What this means. Gross profit and gross margin look higher because they leave out the cost of spreading acquired intangible assets over time.
How much would Dassault Systèmes's dividend pay you?
€10,000 invested in Dassault Systèmes at its 1.1% dividend yield (our report of November 1, 2026) pays €110.00 in the first year, before tax. If its dividend per share keeps changing 24.0% a year, as it did from 2021 to 2025, and the dividends are reinvested, year 10 pays €994.81, with €4,050.18 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
Is Dassault Systèmes' dividend covered by its cash?
After capital spending of €160.5 million, free cash flow was €1,379.6 million. Free cash flow is cash generated after selected investment spending; it is not the same measure as accounting profit. Interest paid is not deducted again in the bridge because it is already reflected in operating cash flow.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow | 1,379.6 | 1,386.7 | 1,330.5 | 1,290.9 | 1,411.8 |
| − Dividends paid | 342.6 | 302.7 | 276.2 | 223.5 | 147.1 |
| − Share buybacks | 130.9 | 0 | 171.8 | 233.7 | 0 |
| = Free cash flow not paid out | 906.1 | 1,084.0 | 882.5 | 833.7 | 1,264.7 |
| Paid out, % of free cash flow | 34.3% | 21.8% | 33.7% | 35.4% | 10.4% |
What this means. The company's own net debt for 2021 is 0.7 million euros lower because it makes a small adjustment to the cash and borrowing figures.
What could change Dassault Systèmes' dividend?
The view would move toward the bear case during 2027–2029 if platform deployments slip, ARR stops converting into recurring revenue, or MEDIDATA’s trial weakness persists. Limited ArisGlobal cross-selling would also reduce growth and cash.
It would move toward the bull case if platform penetration broadens, MEDIDATA bookings recover and ArisGlobal cross-selling appears during 2027–2028. By 2028–2029, stronger cash conversion, operating leverage and larger buybacks would justify the higher multiple.
What is Dassault Systèmes' dividend yield today?
At €25.26 a share, Dassault’s market value is the value assigned to all its shares. Enterprise value adjusts that figure for debt and cash, estimating what an acquirer is paying for the operating business. If a shop costs €10 million but contains €2 million in cash, its effective cost is €8 million. Dassault’s net cash gives it flexibility, but the cash belongs to the company until it is no longer needed for salaries, development, taxes or acquisitions.
| Today (Nov 1, 2026) | |
|---|---|
| Share price | 25.26 |
| Free cash flow yield (calculated) | 4.1% |
| Real free cash flow yield (calculated) | 3.6% |
| Dividend yield (calculated) | 1.1% |
What this means. The next-year price-to-earnings number uses analysts’ expected profit, so it is an estimate and may be wrong.