Revvity dividend: payout and cash coverage
MyStockButler's October 2026 analysis: Revvity pays $0.28 annually, and its five-year record is flat at that amount. Revvity's free cash flow of $515.4 million covered dividends of $32.8 million, leaving room for small increases.
How much does Revvity pay in dividends?
Dividends remain anchored to the declared quarterly rate. The base case pays $0.28 in the first period, $0.30 in the second and $0.32 in the third. The five-year record is flat at $0.28 annually, but free cash flow of $515.4 million against dividends of $32.8 million leaves room for small increases. The bear case holds at $0.28 throughout. The bull case rises to $0.30, $0.34 and $0.38, requiring the recovery to strengthen cash generation.
| 2025 | 2024 | 2023 | Jan 2023 | Jan 2022 | |
|---|---|---|---|---|---|
| − Dividends paid, per share | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 |
| − Share buybacks, per share | 7.00 | 2.93 | 3.01 | 0.49 | 0.54 |
| = FCF not paid out, per share | 1.50 | 3.87 | 9.85 |
What this means. The company reports 4.42 dollars of free cash flow per share, but our 4.22 dollars subtracts the value of shares given to employees as pay.
How much would Revvity's dividend pay you?
$10,000 invested in Revvity at its 0.2% dividend yield (our report of October 24, 2026) pays $20.00 in the first year, before tax. If its dividend per share keeps changing 0.0% a year, as it did from Jan 2022 to 2025, and the dividends are reinvested, year 10 pays $20.36, with $201.81 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
Does Revvity's cash cover its dividend?
By 2025, the priority had changed. Revvity returned $849.415 million to shareholders, exceeding free cash flow by $333.981 million. It could cover that gap with existing cash or borrowing, and net debt rose to $2.300 billion. A new $1 billion repurchase authorization added capacity, but authorization is not an obligation. Buybacks create value only when the shares are attractively priced and the cash has no better use.
| 2025 | 2024 | 2023 | Jan 2023 | Jan 2022 | |
|---|---|---|---|---|---|
| Free cash flow | 515,434 | 578,307 | 198,019 | 586,868 | 1,244,164 |
| − Dividends paid | 32,800 | 34,454 | 34,966 | 35,344 | 32,373 |
| − Share buybacks | 816,615 | 359,778 | 375,782 | 62,538 | 62,572 |
| = Free cash flow not paid out | 184,075 | 488,986 | 1,149,219 | ||
| Paid out, % of free cash flow | 164.8% | 68.2% | 207.4% | 16.7% | 7.6% |
What this means. The company’s own net debt is a few thousand dollars different from our figure because it rounds its reported numbers.
What could change Revvity's dividend?
During 2027–2029, weak utilization, recurring restructuring costs and slower free cash flow would reduce buybacks and reinforce the bear path. By October 2028, the China divestiture will matter more clearly: lost revenue without replacement growth would drive further valuation pressure through October 2029.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Earnings | 319 (238 / 362) | 347 (236 / 423) | 379 (257 / 490) |
| Shares (millions) | 111 (112 / 111) | 111 (112 / 110) | 111 (112 / 109) |
| Dividends per share | 0.28 (0.28 / 0.30) | 0.30 (0.28 / 0.34) | 0.32 (0.28 / 0.38) |
| Price to earnings | 28.00 (22.00 / 33.00) | 27.00 (20.00 / 35.00) | 26.00 (18.00 / 36.00) |
What is Revvity's dividend yield against its price?
At $158.77 a share on October 24, 2026, shareholders value Revvity’s equity, while enterprise value also includes lenders’ claims and subtracts cash. A buyer taking over the operating business would have to satisfy both groups, so the positive gap between the two values signals a financing burden rather than a net-cash cushion.
EV/EBITDA offers another view because it compares the whole business with profit before interest, taxes, depreciation and amortization. But EBITDA is not cash: it leaves out equipment spending, working capital and taxes. The modest cash yield and small dividend yield mean the investment depends more on future growth than on distributions received today.