Kraft Heinz dividend: payout and cash coverage
MyStockButler's October 2026 analysis: Kraft Heinz paid about $1.9 billion in cash dividends in 2025, or $1.60 per share from 2021 through 2025. Kraft Heinz covered that dividend with free cash flow of $3,661 million, although its stricter cash measure left less room for debt reduction, investment and repurchases.
How much does Kraft Heinz pay in dividends?
The dividend stayed at $1.60 per share from 2021 through 2025. In 2025, cash dividends of about $1.9 billion were covered by free cash flow of $3,661 million. A stricter cash measure still covered the dividend, but left less room for debt reduction, investment and repurchases.
The base dividend stays at $1.60 because the declared quarterly rate is $0.40 and management calls sustaining it a priority. The bear case falls from $1.60 to $1.20 after a possible cut. The bull case rises from $1.60 to $1.68 after modest annual growth, despite no company commitment. The annual dividend rate has been stable since 2021 but was cut from $2.50 to $1.60 in February 2019.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| − Paid to minority owners, per share | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| − Dividends paid, per share | 1.60 | 1.59 | 1.59 | 1.59 | 1.58 |
| − Share buybacks, per share | 0.34 | 0.77 |
What this means. The company's own free cash flow per share is higher because our count subtracts the value of shares given to employees as pay.
How much would Kraft Heinz's dividend pay you?
$10,000 invested in Kraft Heinz at its 6.7% dividend yield (our report of October 21, 2026) pays $670.00 in the first year, before tax. If its dividend per share keeps changing 0.3% a year, as it did from 2021 to 2025, and the dividends are reinvested, year 10 pays $1,244.40, with $9,299.21 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
Is Kraft Heinz's dividend covered by its cash?
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow | 3,661 | 3,160 | 2,963 | 1,553 | 4,459 |
| − Dividends paid | 1,898 | 1,931 | 1,965 | 1,960 | 1,959 |
| − Share buybacks | 402 | 939 | |||
| = Free cash flow not paid out | 1,355 | 276 | |||
| Paid out, % of free cash flow | 62.8% | 90.8% |
What could change the Kraft Heinz dividend?
By October 2029, cash after dividends will determine debt reduction and buybacks. Renewed repurchases would support the bull share count, while continued zero buybacks would support the bear count. A sustained recovery would also justify multiple expansion; further misses would keep KHC near the lower valuation range.
What is Kraft Heinz's dividend yield today?
| Today (Oct 20, 2026) | |
|---|---|
| Share price | 23.83 |
| Free cash flow yield (calculated) | 13.0% |
| Real free cash flow yield (calculated) | 12.6% |
| Dividend yield (calculated) | 6.7% |
What this means. The last twelve months price-to-earnings number is not meaningful because the company lost money instead of earning a profit.