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Thales S.A.

Dividend Aristocrat
HO.PA|Industrials|Aerospace & Defense|€242.30|P/E 29.8|MCap 49.8B|Euronext

Last update: Mar 23, 2026 at 13:52

About Thales S.A.

Thales S.A., trading as Thales Group, is a French multinational corporation specializing in advanced electronics for aerospace, defense, cybersecurity, and digital identity solutions. Headquartered in Paris' La Défense business district, it designs, develops, and manufactures critical systems including avionics, radars, air traffic management solutions like TopSky, satellite technologies, and military equipment such as the Starstreak missile and SPECTRA defensive aids. With over 83,000 employees across five continents, Thales serves governments, defense forces, airlines, and infrastructure operators in more than 68 countries, generating €18.42 billion in revenue in 2023, where 53% came from military activities. Partially owned by the French state (26.6%) and Dassault Aviation (26.59%), the company invests heavily in deep tech innovations like AI, quantum technology, and trusted cybersecurity to enhance security and connectivity in vital sectors. Thales plays a pivotal role in global markets by enabling safer air travel, robust homeland protection, space missions, and resilient digital infrastructures, while prioritizing sustainability and ethical technology development.

Dividend Overview

Dividend Yield

1.57%

Annual Dividend

€3.80

Frequency

Semi-Annual

Payout Ratio

46.74%

FCF Payout Ratio

N/A

Stock Price

€242.30

52-Week Range

€207.00 €279.30

Dividend Health Score

81/ 100Very Safe

HO.PA's dividend appears very safe. Strengths include a 46.7% earnings payout ratio and 30.4% fcf payout ratio. Areas of concern: 0.8x current ratio. As a Dividend Aristocrat with 25+ consecutive years of increases, HO.PA has a proven commitment to shareholders.

Based on 14 of 14 metrics

Payout & Coverage

Very Safe
Earnings Payout Ratio
46.7%Very Safe
FCF Payout Ratio
30.4%Very Safe
CFO Payout Ratio
32.0%Safe
Interest Coverage
8.1xSafe

Balance Sheet

Safe
Net Debt / Total Assets
4.3%Very Safe
Current Ratio
0.8xWarning
Debt-to-Equity
76.7Safe

Profitability

Safe
Return on Equity
21.1%Very Safe
Operating Margin
10.5%Caution
Gross Margin
26.4%Caution
Profit Margin Stability
ModerateCaution

Dividend Track Record

Very Safe
Dividend Streak
11+ yrsVery Safe
5-Year Dividend CAGR
56.9%Very Safe
Earnings Stability
GrowingVery Safe

Dividend History (2016–2025)

HO.PA annual dividend per share and yield history

Earnings & Profitability

HO.PA earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

May 18, 2026

Next Payment Date

Dividend Growth

3-Year Dividend CAGR

12.62%

5-Year Dividend CAGR

56.87%

10-Year Dividend CAGR

12.89%

3-Year Total Growth

42.86%

5-Year Total Growth

850.00%

10-Year Total Growth

236.28%

5

This company has increased its dividend for 25+ consecutive years.

Income Calculator

HO.PA Dividend Calculator

Total Investment

€24,230.00

Annual Income

€380.00

Quarterly Income

€95.00

Monthly Income

€31.67

Frequently Asked Questions

What is HO.PA's current dividend yield?
Thales S.A. (HO.PA) currently has a dividend yield of 1.57%, based on a stock price of €242.30 and an annual dividend of €3.80.
When is HO.PA's next dividend payment date?
HO.PA's next ex-dividend date is 2026-05-18 and the next payment date is null. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does HO.PA pay in dividends per year?
Thales S.A. paid €3.80 per share in annual dividends in 2025. The dividends are paid semi-annual.
Has HO.PA been increasing its dividend?
Yes, Thales S.A. is a 5. Its dividend has grown at a 5-year CAGR of 56.87%, a 3-year CAGR of 12.62%, and a 10-year CAGR of 12.89%.
Is HO.PA's dividend safe?
Thales S.A. has a payout ratio of 46.74%. A payout ratio below 60% is generally considered sustainable.
How is HO.PA's Dividend Health Score calculated?
The Dividend Health Score evaluates Thales S.A.'s dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for industrials companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

Track HO.PA Dividends with OnlyDividends

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Health Score, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.