Mercedes-Benz dividend
MyStockButler's October 2026 analysis: Mercedes-Benz pays a last €3.50 annual dividend per share, with an 8.6% yield at today’s share price. Cash coverage is mixed: the €3.3 billion dividend paid for 2025 should be judged against recurring industrial free cash flow.
How much does Mercedes-Benz pay in dividends?
The dividend yield is more direct: the last €3.50 annual dividend divided by today’s share price produces 8.6%, before tax. Mercedes generated €3.1 billion of industrial free cash flow in the first nine months of 2026, but restructuring payments reduced that cash by about €1.1 billion. Selling part of the Daimler Truck stake added €1.0 billion, so the €3.3 billion dividend paid for 2025 must be judged against recurring cash across a full cycle.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 132,214 | 145,594 | 152,390 | 150,017 | 133,893 |
| EPS, diluted | 5.34 | 10.19 | 13.46 | 13.55 | 10.00 |
| Dividend per share | 3.50 | 4.30 | 5.30 | 5.20 | 5.00 |
What this means. The results include Mercedes-Benz's financing business, so the sales and profits are not only from selling cars.
How much would Mercedes-Benz's dividend pay you?
€10,000 invested in Mercedes-Benz at its 8.6% dividend yield (our report of October 31, 2026) pays €860.00 in the first year, before tax. If its dividend per share keeps changing 33.6% a year, as it did from 2021 to 2025, and the dividends are reinvested, year 10 pays €157,321.90, with €282,292.03 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
Is Mercedes-Benz’s dividend covered by its cash?
The useful measure is industrial free cash flow: cash generated by the car-and-van business after operating needs and investment, excluding the separate lending and leasing flows of Mercedes-Benz Financial Services. It was €7.9 billion in 2021 and rose to €11.3 billion in 2023. It then fell to €5.4 billion in 2025 as weaker profit and higher plant investment weighed on cash.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| − Dividends paid | 4,140 | 5,486 | 5,556 | 5,349 | 1,444 |
| − Share buybacks | 304 | 4,848 | 1,875 | 0 | 0 |
| Cash and short-term investments | 16,801 | 18,398 | 19,055 | 20,177 | 24,625 |
| Paid to shareholders | 4,444 | 10,334 | 7,431 | 5,349 | 1,444 |
What this means. The company's own net cash is higher than its cash and short-term investments because it uses a broader calculation that includes internal financing and money from assets held for sale.
What could change Mercedes-Benz’s dividend?
Mercedes lowered its 2026 Cars adjusted-margin outlook to 2–3%, citing China and higher fourth-quarter costs. A genuine recovery would clear inventory, restore cash and improve car margins without depending on disposal gains or repeatedly excluding large charges.
The dividend is a second test. Mercedes’ policy considers distributing 40% of the prior year’s profit while also considering expected industrial free cash flow. Future shareholder returns therefore depend on what cash the business generates or is expected to generate in 2027, not simply on the current 8.6% yield.
What is Mercedes-Benz’s dividend yield today?
At €40.68, the share is much nearer its 52-week low of €38.89 than its high of €62.34. It has fallen 27.6% over one year and 18.0% over six months. Those are price changes only; dividends are additional returns.
| Today (Oct 31, 2026) | |
|---|---|
| Share price | 40.68 |
| Market value (calculated) | 37,499 |
| P/E, last 12 months (calculated) | 7.1x |
| Dividend yield (calculated) | 8.6% |
What this means. Enterprise value is much lower than market value because it subtracts cash and leaves out refinancing debt tied to the company's financial services arm.