Page title
Section title
- Dividend Yield
- 1.77%
- Payout Ratio
- 39.30%
- Dividend Amount Per Share
- $2.02
- Last Ex-Dividend Date
- Oct 04, 2024
NTAP Dividend Safety
NTAP paid out 39.30% of its $986M earnings as dividends over the last 12 months.
Very Safe
Very Unsafe
Unsafe
Somewhat Safe
Safe
Very Safe
Dividend Payout Ratio
NTAP's Dividend Payout Ratio of 39.3% is considered safe for the Technology sector, indicating that the company retains enough earnings to support business growth.
Interest Rate Coverage
NTAP's Interest Coverage Ratio of 20.875 indicates strong financial health with easy coverage of interest expenses.
Income Quality
NTAP shows excellent income quality with a ratio of 1.709. This indicates high-quality earnings and low risk of dividend cuts.
NTAP Dividend Growth
NetApp, Inc.(NTAP) offers a dividend yield of 1.77% and pays $2.02 in dividends per share. Explore the historical dividend growth of NTAP.
Dividend Stability
NTAP has maintained stable dividend payments over the past 10 years with no cuts over 5%.
Dividend Growth
NTAP's dividend payments have shown very poor growth, growing by 1.614% over the last 5 years.
Earnings Growth
NTAP's earnings have shown moderate growth, growing by 3.781% annually over the last 5 years. Moderate growth indicates some stability but also potential uncertainty, suggesting that while dividends can continue, significant increases might be less likely.
NTAP Dividend Yield Attractiveness
NetApp, Inc.(NTAP) provides a dividend yield of 1.77%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.
Yield %
1.77%
2.00%
2.28%
3.84%
Dividend Yield
NTAP's dividend yield of 1.77% is considered good compared to the sector average of 2.001%, providing a strong safety margin for investors.
NTAP Cash Flow
Over the past 12 months, NTAP generated $6B in revenue, produced $1B in free cash flow, and distributed $417M in dividends.
Free Cash Flow Growth
NTAP's free cash flow has grown by 10.327% annually over the last 5 years, indicating a strong ability to generate cash and support dividend payments.
NTAP Free Cash Flow and Dividends Paid
This chart shows the Free Cash Flow (FCF) and the portion of FCF used to pay dividends each year by NetApp, Inc.. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.