Formula
Dividend CAGR (3Y) = (Dividend per Shareₜ / Dividend per Shareₜ₋₃)^(1/3) - 1
How to Interpret
Dividend CAGR (3Y) measures the average annual dividend growth over the past three years. It is more sensitive to recent changes than the 10‑year figure and highlights whether dividend growth has accelerated or slowed lately. It is often used to validate a recent dividend growth story.