AutoZone Inc. Dividend Analysis
AZO
This company has no dividend history.
Based on TTM and annual data · Not a buy/sell signal
This company does not pay dividends
No dividend history found in SEC filings.
Does AutoZone (AZO) pay a dividend?
AutoZone (AZO) has never paid a dividend. It returns cash through buybacks instead, at roughly a 3.9% buyback yield over the last twelve months. The business does generate free cash flow of $1.8 billion, so the absence of a dividend is a capital-allocation choice rather than an inability to pay. All figures are computed from company filings; this is analysis, not investment advice.
Frequently asked
Does AutoZone (AZO) pay a dividend?+
No. AutoZone (AZO) does not pay a dividend, and no dividend payment appears anywhere in the filing history we hold.
How does AutoZone return cash to shareholders?+
Through share buybacks rather than dividends. Over the last twelve months AutoZone reduced its share count at a rate equivalent to a 3.9% buyback yield. A buyback returns value by shrinking the share count, so each remaining share owns more of the business, but unlike a dividend it pays you nothing in cash and can be stopped at any time without an announcement.
Could AutoZone afford to pay a dividend?+
On the numbers, yes. AutoZone generated $1.8 billion of free cash flow, which is about $107.65 per share. If it paid out half of that, the dividend would be roughly $53.83 per share, a yield of about 1.7% at the current price. That is an illustration of capacity, not a prediction: the company has given no indication it intends to pay one.
Which consumer discretionary companies do pay dividends?+
Our Consumer Discretionary sector page ranks the companies we cover by dividend score, which combines payout safety, free cash flow coverage and growth record. If income is what you are after, start there rather than with AutoZone.
SourceDividend analysis computed from the 10-Q filed 19 Oct 2026, covering the period ending 29 Aug 2026, as reported to the SEC. Data last refreshed 27 Oct 2026. How this is calculated.
Fiscal year ends Aug. Earnings payout = dividends / net income. FCF payout = dividends / FCF. Yield = TTM DPS / price.
Peers
Retail-Auto & Home Supply Stores · Pick stocks to compare with AZO
Held by ETFs
AZO is in 274 US ETFs. The largest of them, with AZO's weight in each:
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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