Pernod Ricard (RI.PA) dividend yield and history
What is the Pernod Ricard (RI.PA) dividend yield?
Pernod Ricard (RI.PA) dividend
6.5 %dividend yield at the €72.16 close of November 10, 2026
€4.69a share paid in 2026, our report
- Paid in 2026: €4.69 a share, up from €3.33 in 2022
New accounts get one company's ready report free. No card.
Executive summary + 8 chapters · 19,933 words · 157 sources
Is Pernod Ricard 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 dividend looks attractive only if cash generation can sustain it. Pernod generated €1.197 billion of free cash flow in FY26 but paid €1.226 billion in dividends. The proposed FY26 dividend was €4.70 per share, subject to shareholder approval, so investors must watch several years of cash flow, investment in ageing stock and debt reduction rather than treat the headline yield as guaranteed.
- Jun 2026108.8 %
With buybacks, 108.8% (our report).
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 Pernod Ricard'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 10, 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.
Pernod Ricard sells branded spirits such as Jameson whiskey, Martell cognac and Absolut vodka. At €72.16 a share on 10 November 2026, the stock asks whether this valuable portfolio can recover its earnings, generate cash and reduce its debt.
How much would Pernod Ricard's dividend pay you?
€10,000 invested in Pernod Ricard at its 6.5% dividend yield (our report of November 10, 2026) pays €650.00 in the first year, before tax. If its dividend per share keeps changing 8.9% a year, as it did from Jun 2022 to Jun 2026, and the dividends are reinvested, year 10 pays €3,142.67, with €15,516.82 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
What could change Pernod Ricard's dividend?
Management expects FY27 organic sales to be broadly stable. It targets A&P at 16% of sales and cash conversion at 90%. Strategic investment is €700 million. The efficiency programme targets €1 billion. For FY27–FY29, organic sales growth is targeted at 3%–6%, with net debt below 3x EBITDA by FY29.
The decisive cash test comes in FY28 and FY29. Cash conversion around 90% should fund dividends and debt reduction, with net debt moving below 3x EBITDA by FY29. Stronger progress would support renewed buybacks and a higher multiple; failure would keep the shares on the bear path.
How much does Pernod Ricard pay per share?
For FY26, the board proposed maintaining the dividend at €4.70 per share. Shareholders could choose shares instead of cash for the €2.35 final instalment. That choice conserves cash for Pernod, but issuing shares dilutes holders who take cash. The central question is therefore not simply whether cash rose, but whether the company put it to its highest-value use.
Results · EUR millions; per share in EUR · Jun 2026
- Revenue9,404
- Net income1,203
- EPS, diluted4.77
- Dividend per share4.70
Questions about the Pernod Ricard (RI.PA) dividend
Does Pernod Ricard pay a dividend?
Yes. It paid €4.69 a share in 2026.
What is the dividend on €100 of Pernod Ricard shares?
About €6.50 a year at the 6.5 % dividend yield: €100 buys 1.4 shares at the November 10, 2026 close.
Is Pernod Ricard's dividend covered by its cash?
Not every year. Dividends took 108.8 % of free cash flow in Jun 2026 (our arithmetic on the report's figures).
Where could Pernod Ricard stock be by 2029?
Our report's forecast is €90.55 a share by November 2029, from the €72.16 close of November 10, 2026. Pernod Ricard stock forecast →
More on Pernod Ricard (RI.PA)
More Pernod Ricard pages
Pernod Ricard's own filings
This page shows the dividend. The report shows whether the cash pays for it.
The full report: an executive summary and 8 chapters, 19,933 words, 55 tables. Its first page opens here, no account needed.
How it is made: AI reads Pernod Ricard's filings, writes the report, checks the numbers against them and cites each source, 157 in this one. How we work · Corrections
Read Pernod Ricard's full report freeNew accounts get one company's ready report free. No card.
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.