Waterdrop Inc. dividend history

Waterdrop Inc. paid $18.1m in dividends in fiscal 2025. That was 22.9% of net income.

Dividends, buybacks and capital spending

FY2025 Q4 TTM

Buybacks (TTM): $12.7M
Dividends (TTM): $18.1M
Returned to shareholders: 103%; of free cash flow
Buybacks, last 3 fiscal years: $102M
Diluted share count: −0.2%; year over year
Total shareholder yield: 8.6%; dividends 5.0% + buybacks 3.5% of market value
Dividend payout ratio: 23%; of net income paid out
R&D spending: 5.8%; of revenue
Days sales outstanding: 119 days; receivables vs revenue

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Waterdrop Inc.: dividends by fiscal year, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Dividends paid	—	—	—	—	—	22	18
Share buybacks	—	—	3	10	74	15	13
Dividends ÷ net income	—	—	—	—	—	43.2%	22.9%
Dividends ÷ free cash flow	—	—	—	—	—	72.5%	60.9%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Compare with peers

Head to head: IGIC vs WDH HMN vs WDH AIZ vs WDH

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Figures from Waterdrop Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Waterdrop Inc.