News Corp dividend: history, coverage and yield
MyStockButler's October 2026 analysis: News Corp's base dividend remains $0.20 per share, with the latest declared $0.10 semiannual payment. FY2026 free cash flow was $811 million; News Corp paid $112 million in dividends and $641 million in buybacks, or $753 million to shareholders.
How much does News Corp pay in dividends over time?
The base dividend remains $0.20 per share in each period, matching the five-year record and the latest declared $0.10 semiannual payment. The bear case cuts after the first period and suspends by 2029; the bull case rises to $0.22 and then $0.24. The board retains full discretion, so stability is better supported than growth.
How much would News Corp's dividend pay you?
$10,000 invested in News Corp at its 0.7% dividend yield (our report of October 24, 2026) pays $70.00 in the first year, before tax. If its dividend per share keeps changing 0.0% a year, as it did from Jun 2022 to Jun 2026, and the dividends are reinvested, year 10 pays $74.54, with $722.47 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
Does News Corp's dividend have cash coverage?
Free cash flow is operating cash after capital expenditure, the spending required for long-lived assets such as technology and facilities. FY2026 operating cash was $1.237 billion. Capital expenditure was $426 million, leaving $811 million of free cash flow; subtracting the capital expenditure again would count the same payment twice. Free cash flow was $643 million in FY2022 and $430 million in FY2023.
News Corp then directed much of its cash to owners. It repurchased $641 million of its shares in FY2026 and paid $112 million in dividends. Parent distributions therefore totalled $753 million, or 92.8% of consolidated free cash flow. Including payments to minority owners, distributions exceeded free cash flow by $175 million. The Foxtel loan repayment helped fund the acceleration, but a large buyback creates value only if the company pays less than the value it acquires per share.
| Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | |
|---|---|---|---|---|---|
| Free cash flow | 811 | 571 | 540 | 430 | 643 |
| − Dividends paid | 112 | 114 | 114 | 116 | 118 |
| − Share buybacks | 641 | 150 | 117 | 243 | 179 |
| = Free cash flow not paid out | 236 | 251 | 13 | 289 | |
| Paid out, % of free cash flow | 92.8% | 46.2% | 42.8% | 83.5% | 46.2% |
What this means. The company paid 233 million dollars to outside minority owners as well as 753 million dollars to its own shareholders, so total payments to owners exceeded its 811 million dollars of free cash flow by 175 million dollars.
What is News Corp's dividend yield against its share price?
Free cash flow reached $811 million in FY2026, but inventory and supplier-payment timing helped operating cash flow. The 0.7% dividend yield supplies little of the investment return. Sustainable earnings and cash conversion matter more than any single published multiple.
| Today (Oct 24, 2026) | |
|---|---|
| Share price | 30.735 |
| Market value (calculated) | 16,629.25 |
| Free cash flow yield (calculated) | 4.9% |
| Dividend yield (calculated) | 0.7% |
What this means. The enterprise value is lower than the market value because the company has more cash and short-term investments than debt.