UPM Dividend History & Analysis | 6.2% Yield

UPM has a dividend yield of 6.2% and paid 1.5 EUR per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 6.17%
Payout Ratio 104.2%
Growth Rate CAGR 5y -6.5%
Consistency Lifetime 98%
Yield on Cost 5y 5.5%
Payout FCF 100.1%
Streak Years 4
Dividend Rating 26.8%
Chowder Number yield + growth -0.3% below 12% target for healthy growth
Yield vs Average 5y +17.9% avg 5.24% vs now 6.17%
Debt / EBITDA leverage 2.8x healthy
Income per 10k invested 617 EUR per year
Dividends Cash Amount per Share Yearly UPM annual dividends paid per share, showing the total cash UPM-Kymmene distributed to shareholders each year.
Dividend Growth Year over Year UPM year-over-year dividend growth rate, showing how UPM-Kymmene's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History UPM dividend yield history versus share price over the past 5 years, showing how UPM-Kymmene's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Paper & Forest Products

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
SLVM NYSE
Sylvamo
1,487 M 4.21% 8.15%
NVG LS
The Navigator
2,672 M 3.40% 5.27%
WFG NYSE
West Fraser Timber
4,988 M 1.96% 1.96%
LPX NYSE
Louisiana-Pacific
5,060 M 1.44% 2.24%
BCC NYSE
Boise Cascad
2,688 M 1.14% 2.15%
Top 3 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
SLVM NYSE
Sylvamo
1,487 M 25.26% 90.0%
LPX NYSE
Louisiana-Pacific
5,060 M 8.94% 100.0%
WFG NYSE
West Fraser Timber
4,988 M 5.40% 100.0%

UPM Dividend History

Dividend Monthly Return EX date, 4.4 years of data

Jan - -
Feb - -
Mar 1.45% 40
Apr 1.56% 60
May - -
Jun - -
Jul - -
Aug - -
Sep - -
Oct 2.09% 67
Nov - -
Dec - -

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 9 Payments (EUR) as of August 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-10-29 2026-11-06 Final 0.75 0% N/A
2026-04-10 2026-04-21 Interim 0.75 0% 2.87%
2025-10-30 2025-11-07 Final 0.75 0% 3.29%
2025-03-28 2025-04-08 Interim 0.75 0% 2.99%
2024-10-30 2024-11-07 Final 0.75 0% 2.71%
2024-04-05 2024-04-16 Interim 0.75 0% 2.4%
2023-10-25 2023-11-02 Final 0.75 0% 2.36%
2023-04-13 2023-04-21 Interim 0.75 -42.3% 2.54%
2022-03-30 2022-04-07 Final 1.3 0% 4.27%

UPM Dividend FAQ

What is the Dividend Yield of UPM?

As of August 2026, UPM's dividend yield is 6.17%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.50 EUR by the current share price of 23.66.

Does UPM pay a dividend?

As of August 2026, UPM paid a dividend of 1.50 EUR in the last 12 months. The last dividend was paid on 2026-10-29 and the payout was 0.75 EUR.

How often does UPM pay dividends?

UPM pays dividends semi-annually. Over the last 12 months, UPM has issued 2 dividend payments. The last dividend payment was made on 2026-10-29.

UPM dividend forecast

Based on historical data, the forecasted dividends per share for UPM for the next payments are between 0.313 (-58.3%) and 0.434 (-42.1%). This represents a significant dividend cut compared to the last payment. The expected Yield for the next 12 months is about 3.16%.

Will UPM pay dividends in 2026?

The latest dividend paid per share was 0.75 EUR with an Ex-Dividend Date of 2026-10-29. The next Ex-Dividend date for UPM-Kymmene (UPM) is 2026-10-29.

What is the next Ex-Dividend Date for UPM?

The next Ex-Dividend date for UPM-Kymmene (UPM) is 2026-10-29.

What is the Dividend Growth of UPM?

UPM's average dividend growth rate over the past 5 years is -6.52% per year. Negative growth: UPM's dividend growth is negative and declining.

What is the Yield on Cost of UPM?

UPM's 5-Year Yield on Cost is 5.49%. If you bought UPM's shares at 27.34 EUR five years ago, your current annual dividend income (1.50 EUR per share, trailing 12 months) equals 5.49% of your original purchase price.

What is the Payout Consistency of UPM?

UPM Payout Consistency is 98.0%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: UPM-Kymmene has a strong track record of consistent dividend payments over its lifetime.

Does UPM have a good Dividend Yield?

UPM's 6.17% Dividend Yield is considered as high. Make sure the dividend is sustainable: Check the Payouts-Ratio over time.

What is the Dividend Payout Ratio of UPM?

The Dividend Payout Ratio of UPM is 104.2%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of UPM?

UPM's Overall Dividend Rating is 26.76%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

UPM Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in UPM's Outstanding Shares?

UPM-Kymmene's outstanding shares have decreased by approximately 0.5% annually over the past 3 years (Trend Reliability: -24.2%). Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

Has UPM ever had a Stock Split?

Yes, the last stock split was on Mar 20, 2003 with a ratio of 2:1. This was a forward split: Each share became 2 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1999 518,828,000 0%
2000 496,928,000 -4.22%
2001 517,442,000 +4.13%
2002 521,757,000 +0.83%
2003 525,949,000 +0.8%
2004 523,065,000 -0.55%
2005 525,936,000 +0.55%
2006 527,086,000 +0.22%
2007 513,412,000 -2.59%
2008 519,954,000 +1.27%
2009 520,018,000 +0.01%
2010 523,182,000 +0.61%
2011 526,528,000 +0.64%
2012 526,631,000 +0.02%
2013 529,777,000 +0.6%
2014 533,505,000 +0.7%
2015 533,505,000 0%
2016 533,505,000 0%
2017 533,324,000 -0.03%
2018 533,324,000 0%
2019 533,324,000 0%
2020 533,324,000 0%
2021 533,324,000 0%
2022 533,324,000 0%
2023 533,324,000 0%
2024 533,324,000 0%
2025 527,324,000 -1.13%
2026 527,324,000 0%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-07-30 02:38 UTC