Kering (KER.PA) dividend yield, history and 2029 forecast
What is the Kering (KER.PA) dividend yield?
Kering (KER.PA) dividend
1.6 %dividend yield at the €188.54 close of November 9, 2026
- Our base-case forecast: €3.00 by November 2027, €5.00 by November 2029
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Is Kering a good dividend stock? Does its cash cover the dividend?
Our report makes no buy or sell call. It checks the dividend against free cash flow, the cash the business has left after paying for buildings and equipment.
The largest acquisition year was 2023, when Kering made major moves into Creed and Valentino. Debt issuance funded much of that expansion, and net debt rose sharply from the end of 2022 to the end of 2023. In 2024, free cash flow turned negative while dividends continued, even as Kering bought strategic properties in New York and Milan.
- 2025139.7 %
Dividends as a share of free cash flow (our arithmetic on the report's figures). Past the dashed line, the dividend cost more than the cash.
What does Kering's dividend yield mean for your return?
It is the part of your return paid in cash: a year of dividends as a share of the share price, at the November 9, 2026 close.
Free cash flow yield: the cash left in a year after paying for buildings and equipment, as a share of the company's value.
The forecast sees limited near-term recovery but meaningful long-term uncertainty. The weighted price is €155.71 in November 2027, a 16% total loss including dividends. It rises to €190.75 in November 2028, a 5% total return. By November 2029 it reaches €195.52, a 10% total return, against today’s €188.54.
Kering dividend forecast: how much will it pay by 2029?
The base dividend is €3.00 in 2027 and €4.50 in 2028. It reaches €5.00 in 2029, consistent with a payout around 50% of recurring income and higher estimated earnings. The bear case gives €1.50, €2.00 and €2.50; the bull case gives €3.50, €6.00 and €8.00.
The forecast's table · base case, then bear / bull in brackets; EUR millions, per share in EUR, unless shown · November 2027
- Normal operating profit2,295 (1,813 / 2,669)
- Shares (millions)123 (123 / 123)
- Dividends per share3.00 (1.50 / 3.50)
What could change Kering's dividend?
Management guides to 125 net store closures in 2026, capex of 5% to 6% of revenue and a 50% payout of recurring net income. It aims to more than double the 2025 recurring operating margin of 11.1% over the medium term, without setting a deadline. Its initial 2024 outlook forecast a decline in full-year recurring operating income compared with 2023, particularly in the first half. The 2026 promise of growth and margin improvement remains unsettled after flat comparable revenue for the first nine months.
Evidence that traffic remains weak would move it toward the bear case, especially if store and restructuring costs remain underabsorbed. The 2028–2029 Valentino option windows would matter most if they force a large cash payment while earnings remain weak.
Questions about the Kering (KER.PA) dividend
What is the dividend on €100 of Kering shares?
About €1.60 a year at the 1.6 % dividend yield: €100 buys 0.5 shares at the November 9, 2026 close.
Is Kering's dividend covered by its cash?
Not every year. Dividends took 139.7 % of free cash flow in 2025 (our arithmetic on the report's figures).
Where could Kering stock be by 2029?
Our report's forecast is €195.52 a share by November 2029, from the €188.54 close of November 9, 2026. Kering stock forecast →
More on Kering (KER.PA)
This page shows the dividend. The report shows whether the cash pays for it.
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How it is made: AI reads Kering's filings, writes the report, checks the numbers against them and cites each source, 156 in this one. How we work · Corrections
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Information only, not investment advice. A dividend can be cut; the forecast gives three cases with their chances. Prices are those of the date shown.