SNN (Smith & Nephew) Dividend Payout Ratio: 0.39 (As of Dec. 2025) — 15% Below Median


SNN Smith & Nephew PLC SNN
84 GF Score
Price $30.04
GF Value $31.32
Valuation Fairly Valued
! 3 Warning Signs
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What is Smith & Nephew Dividend Payout Ratio?

Smith & Nephew SNN -0.60% 84 Dividend Payout Ratio is 0.39 as of Dec. 2025, which is 15% below its 10-year median of 0.46. GuruFocus rates SNN with a GF Score™ of 84/100 and a GF Value™ of $31.32 (Fairly Valued). The stock has 3 warning signs investors should review. Among 281 Medical Devices & Instruments companies, Smith & Nephew ranks worse than 60.5% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Smith & Nephew's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.39.

The historical rank and industry rank for Smith & Nephew's Dividend Payout Ratio or its related term are showing as below:

SNN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.46   Max: 0.58
Current: 0.53

During the past 13 years, the highest Dividend Payout Ratio of Smith & Nephew was 0.58. The lowest was 0.35. And the median was 0.46.

SNN's Dividend Payout Ratio is ranked worse than
60.5% of 281 companies
in the Medical Devices & Instruments industry
Industry Median: 0.42 vs SNN: 0.53

As of today (2026-06-29), the Dividend Yield % of Smith & Nephew is 2.60%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Smith & Nephew was 3.54%. The lowest was 1.44%. And the median was 2.08%.

Smith & Nephew's Dividends per Share for the months ended in Dec. 2025 was $0.30.

During the past 12 months, Smith & Nephew's average Dividends Per Share Growth Rate was -6.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -3.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 2.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Smith & Nephew was 82.40% per year. The lowest was -53.90% per year. And the median was 6.75% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Smith & Nephew (NYSE:SNN) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Smith & Nephew Dividend Payout Ratio Related Terms

Smith & Nephew Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Smith & Nephew's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Smith & Nephew Dividend Payout Ratio Chart

Smith & Nephew Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.46 0.45 0.57 0.49

Smith & Nephew Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.39 0.94 0.64 0.69 0.39

SNN vs ABT, SYK, MDT: Dividend Payout Ratio Comparison

For the Medical Devices subindustry, Smith & Nephew's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Smith & Nephew Dividend Payout Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Smith & Nephew's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Smith & Nephew's Dividend Payout Ratio falls into.


SNN
84GF Score
Smith & Nephew PLC SNN
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Smith & Nephew Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Smith & Nephew's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.762/ 1.548
=0.49

Smith & Nephew's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.3/ 0.766
=0.39

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.39 mean?
Smith & Nephew (SNN) has a Dividend Payout Ratio of 0.39 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Smith & Nephew and its competitors. This is 15% below median its historical median of 0.46. Over the past decade, Smith & Nephew's Dividend Payout Ratio has ranged from 0.35 to 0.58. According to the industry distribution chart, Smith & Nephew ranks #170 out of 281 companies in the Medical Devices & Instruments industry, placing it in the top 60.5%.
Is Smith & Nephew's Dividend Payout Ratio too high?
Smith & Nephew's current Dividend Payout Ratio of 0.39 is 15% below median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 0.58. The Medical Devices & Instruments industry median Dividend Payout Ratio is 0.42. Smith & Nephew's value of 0.39 is 7.1% below this industry median. Based on the distribution chart, Smith & Nephew ranks #170 out of 281 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Smith & Nephew has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Smith & Nephew's Dividend Payout Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Smith & Nephew ranks #170 out of 281 companies for Dividend Payout Ratio. This places Smith & Nephew in the lower half of its industry. The industry median Dividend Payout Ratio is 0.42. Smith & Nephew's value of 0.39 is 7.1% below this benchmark. Historically, Smith & Nephew's own Dividend Payout Ratio has ranged from 0.35 to 0.58 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.42, Smith & Nephew has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Medical Devices & Instruments company?
The median Dividend Payout Ratio among Medical Devices & Instruments companies is 0.42, based on 281 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Smith & Nephew's current Dividend Payout Ratio of 0.39 is 7.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Smith & Nephew and its competitors. For the Medical Devices & Instruments industry, the median Dividend Payout Ratio is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smith & Nephew's current Dividend Payout Ratio is 0.39, which is 15% below median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smith & Nephew stock overvalued right now?
Based on GuruFocus' analysis, Smith & Nephew (SNN) is currently considered Fairly Valued. The stock's GF Value™ is $31.32, compared to a current price of $30.04 — trading 4.1% below its estimated fair value. The current Dividend Payout Ratio is 0.39, which is 15% below median its 10-year median of 0.46 and 7.1% below the Medical Devices & Instruments industry median of 0.42. Smith & Nephew's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Smith & Nephew (SNN), the current Dividend Payout Ratio is 0.39 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Smith & Nephew (SNN) Overvalued in 2026?

Based on GuruFocus' analysis, Smith & Nephew stock appears to be undervalued. The current stock price of $30.04 is trading 4.1% below its estimated GF Value™ of $31.32. GuruFocus considers Smith & Nephew to be Fairly Valued.

Key valuation signals for SNN:

  • Dividend Payout Ratio: 0.39 (15% below median its 10-year median of 0.46)
  • GF Value™: $31.32 vs. price of $30.04 (4.1% below fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 7.1% below the Medical Devices & Instruments median (#170 of 281)

No single metric tells the full story. See the SNN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Smith & Nephew Business Description

Address Hatters Lane, Building 5, Croxley Park, Watford, Hertfordshire, GBR, WD18 8YE
Smith & Nephew designs, manufactures, and markets orthopedic devices, sports medicine and arthroscopic technologies, and wound care solutions. Roughly 41% of the UK-based firm's revenue comes from orthopedic products, and another 30% is sports medicine and ENT. The remaining 29% of revenue is from the advanced wound therapy segment. Over half of Smith & Nephew's total revenue comes from the United States, just over 30% is from other developed markets, and emerging markets account for the remainder.
84GF Score

Get the complete analysis for SNN

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$30.04
Price
$31.32
GF Value