Woolworths Group Ltd · Dividends
ASX: WOW · Consumer Defensive · Grocery Stores
Dividends per share
Per financial year, as reported in the accounts
Payment record
Totals paid and share of profit distributed
| FY | Per share | Total paid | Payout ratio |
|---|---|---|---|
| FY25 | $1.35 | $1.7B | 173% |
| FY24 | $0.97 | $1.2B | 1,100% |
| FY23 | $0.84 | $1.0B | 63% |
| FY22 | $1.17 | $1.4B | 93% |
| FY21 | $0.87 | $1.1B | 53% |
| FY20 | $0.90 | $1.1B | 97% |
| FY19 | $1.00 | $1.3B | 49% |
| FY18 | $0.60 | $780.0M | 45% |
| FY17 | $0.44 | $562.4M | 37% |
| FY16 | $0.96 | $1.2B | – |
Reading the payout ratio
The payout ratio is the share of net profit returned to shareholders as dividends. A ratio under ~70% generally leaves room to maintain the dividend through a weaker year; a ratio persistently near or above 100% means the company is paying out more than it earns, which is rarely sustainable. Per-share figures here are company-reported annual totals. Check the company's own announcements for franking credits and payment dates.
What is Woolworths' (WOW) dividend history and is it sustainable?
Woolworths Group's reported dividend per share moved from $0.9634 in FY2016 down to $0.438 in FY2017, then generally higher over time to reach $1.363 in FY2025, its highest level across the period shown. Along the way it dipped to $0.8449 in FY2023 before rising again over the following two years.
The payout ratio relative to net income has been highly volatile: it was negative in FY2016 because the company reported a net loss that year, ranged roughly between 37% and 97% from FY2017 to FY2022, and then rose sharply to 1,100% in FY2024 and 172.8% in FY2025. These elevated ratios reflect dividends being maintained even as reported net income fell to $108M in FY2024 and $963M in FY2025, meaning the dividend paid in those two years exceeded reported net income.
AI-assisted analysis generated from Craytheon's verified financial data · Updated 4 Jul 2026 · How this works
Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.