Splits, dividend moves, buybacks and structural changes on file for DPZ, and what each one says about how management treats you, the shareholder.
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Management postureConsistently shareholder-friendly
The annual dividend has risen for 12 straight years, never cut, alongside active buybacks. That is a durable capital-return posture that favours long-term holders. The thing to watch is buyback price discipline, not distress.
The 25 oldest dividend payments are counted in that total but not listed: this ledger keeps the most recent ones.
Sep 15, 2026ex-dateDividendDividend held flat $1.99 · 2.5% yield/yr Neutral▸
Jun 15, 2026ex-dateDividendDividend held flat $1.99 · 2.5% yield/yr Neutral▸
Mar 13, 2026ex-dateDividendDividend increase +14.4% +14.4% · 2.0% yield/yr Favorable▸
Dec 28, 2025FYBuybackShare repurchases $358M (FY25) $358M Favorable▸
Dec 15, 2025ex-dateDividendDividend held flat $1.74 · 1.6% yield/yr Neutral▸
Sep 15, 2025ex-dateDividendDividend held flat $1.74 · 1.5% yield/yr Neutral▸
Jun 13, 2025ex-dateDividendDividend held flat $1.74 · 1.5% yield/yr Neutral▸
Mar 14, 2025ex-dateDividendDividend increase +15.2% +15.2% · 1.6% yield/yr Favorable▸
Dec 29, 2024FYBuybackShare repurchases $330M (FY24) $330M Favorable▸
Dec 13, 2024ex-dateDividendDividend held flat $1.51 · 1.3% yield/yr Neutral▸
Sep 13, 2024ex-dateDividendDividend held flat $1.51 · 1.5% yield/yr Neutral▸
Jun 14, 2024ex-dateDividendDividend held flat $1.51 · 1.1% yield/yr Neutral▸
Mar 14, 2024ex-dateDividendDividend increase +24.8% +24.8% · 1.3% yield/yr Favorable▸
Dec 31, 2023FYBuybackShare repurchases $269M (FY23) $269M Favorable▸
Dec 14, 2023ex-dateDividendDividend held flat $1.21 · 1.2% yield/yr Neutral▸
Sep 14, 2023ex-dateDividendDividend held flat $1.21 · 1.2% yield/yr Neutral▸
Jun 14, 2023ex-dateDividendDividend held flat $1.21 · 1.6% yield/yr Neutral▸
Mar 14, 2023ex-dateDividendDividend increase +10.0% +10.0% · 1.6% yield/yr Favorable▸
Jan 1, 2023FYBuybackShare repurchases $294M (FY22) $294M Favorable▸
Dec 14, 2022ex-dateDividendDividend held flat $1.10 · 1.2% yield/yr Neutral▸
Sep 14, 2022ex-dateDividendDividend held flat $1.10 · 1.3% yield/yr Neutral▸
Jun 14, 2022ex-dateDividendDividend held flat $1.10 · 1.2% yield/yr Neutral▸
Mar 14, 2022ex-dateDividendDividend increase +17.0% +17.0% · 1.1% yield/yr Favorable▸
Jan 2, 2022FYBuybackShare repurchases $1.3B (FY21) $1.3B Favorable▸
Dec 14, 2021ex-dateDividendDividend held flat $0.94 · 0.7% yield/yr Neutral▸
Sep 14, 2021ex-dateDividendDividend held flat $0.94 · 0.7% yield/yr Neutral▸
Jun 14, 2021ex-dateDividendDividend held flat $0.94 · 0.8% yield/yr Neutral▸
Mar 12, 2021ex-dateDividendDividend increase +20.5% +20.5% · 1.0% yield/yr Favorable▸
Jan 3, 2021FYBuybackShare repurchases $305M (FY20) $305M Favorable▸
Dec 14, 2020ex-dateDividendDividend held flat $0.78 · 0.8% yield/yr Neutral▸
Sep 14, 2020ex-dateDividendDividend held flat $0.78 · 0.8% yield/yr Neutral▸
Jun 12, 2020ex-dateDividendDividend held flat $0.78 · 0.8% yield/yr Neutral▸
Mar 12, 2020ex-dateDividendDividend increase +20.0% +20.0% · 0.9% yield/yr Favorable▸
Dec 29, 2019FYBuybackShare repurchases $699M (FY19) $699M Favorable▸
Dec 12, 2019ex-dateDividendDividend held flat $0.65 · 0.9% yield/yr Neutral▸
Sep 12, 2019ex-dateDividendDividend held flat $0.65 · 1.0% yield/yr Neutral▸
Jun 13, 2019ex-dateDividendDividend held flat $0.65 · 0.9% yield/yr Neutral▸
Mar 14, 2019ex-dateDividendDividend increase +18.2% +18.2% · 1.1% yield/yr Favorable▸
Dec 30, 2018FYBuybackShare repurchases $591M (FY18) $591M Favorable▸
Dec 13, 2018ex-dateDividendDividend held flat $0.55 · 0.9% yield/yr Neutral▸
Sep 13, 2018ex-dateDividendDividend held flat $0.55 · 0.8% yield/yr Neutral▸
Jun 14, 2018ex-dateDividendDividend held flat $0.55 · 0.8% yield/yr Neutral▸
Mar 14, 2018ex-dateDividendDividend increase +19.6% +19.6% · 1.0% yield/yr Favorable▸
Dec 31, 2017FYBuybackShare repurchases $1.1B (FY17) $1.1B Favorable▸
Dec 14, 2017ex-dateDividendDividend held flat $0.46 · 1.0% yield/yr Neutral▸
Sep 14, 2017ex-dateDividendDividend held flat $0.46 · 1.0% yield/yr Neutral▸
Jun 13, 2017ex-dateDividendDividend held flat $0.46 · 0.9% yield/yr Neutral▸
Mar 13, 2017ex-dateDividendDividend increase +21.1% +21.1% · 1.0% yield/yr Favorable▸
Dec 31, 2016FYBuybackShare repurchases $300M (FY16) $300M Favorable▸
Dec 13, 2016ex-dateDividendDividend held flat $0.38 · 0.9% yield/yr Neutral▸
Jan 3, 2016FYBuybackShare repurchases $739M (FY15) $739M Favorable▸
Dec 28, 2014FYBuybackShare repurchases $82M (FY14) $82M Favorable▸
Dec 29, 2013FYBuybackShare repurchases $97M (FY13) $97M Favorable▸
Dec 30, 2012FYBuybackShare repurchases $88M (FY12) $88M Favorable▸
Jan 1, 2012FYBuybackShare repurchases $165M (FY11) $165M Favorable▸
Jan 2, 2011FYBuybackShare repurchases $5.4M (FY10) $5.4M Favorable▸
Reads are Tenet's plain-English interpretation of each action type, a starting point, not investment advice.