For the fiscal year 2019, Fresenius Medical Care (FME) approved a dividend increase to €1.20 per share on the Annual General Meeting (27-08-2020). This is the 23rd consecutive dividend increase for this European dividend aristocrat.
The dividend of €1.20 per share results in a dividend yield of ~1.60% and represents a payout ratio of around 30% of reported earnings per share.
Since the founding of the company in 1996, Fresenius Medical Care has been able to increase its dividend on average by 9% every year.
Below an overview of Fresenius Medical Care dividend history
Fresenius Medical Care AG & Co. KGaA’s current dividend yield of 1.64% is 22% above its 5-year average. The 5-year average dividend yield is 1.35% (see red-line in the chart). This indicates the stock may be undervalued today.