Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the dividend payout ratio high or low?
The dividend payout ratio of 39.84% is 13% above its 5-year average of 35.36%, around the middle of its 5-year range (24.00%–60.90%).
As of Monday, October 5, 2026. 3.03% below its 12-month average of 41.09%.
Dividend Payout Ratio (39.84%) = TTM Dividends/Share ($2.10) / TTM EPS ($5.27)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
39.84%
DIVIDEND PAYOUT RATIO AVG TTM
41.09%
DIVIDEND PAYOUT RATIO AVG 3Y
38.24%
DIVIDEND PAYOUT RATIO AVG 5Y
35.36%
DIVIDEND PAYOUT RATIO AVG 10Y
37.42%
DIVIDEND PAYOUT RATIO AVG 15Y
40.71%
DIVIDEND PAYOUT RATIO AVG 20Y
45.81%
CURRENT VS TTM AVG
-3.03%
CURRENT VS 3Y AVG
+4.20%
CURRENT VS 5Y AVG
+12.67%
CURRENT VS 10Y AVG
+6.47%
CURRENT VS 15Y AVG
-2.13%
CURRENT VS 20Y AVG
-13.04%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $3.61 | $1.38 | 38.2% |
| 2024-12-31 | $3.75 | $1.26 | 33.6% |
| 2023-12-31 | $3.72 | $1.14 | 30.6% |
| 2022-12-31 | $4.15 | $1.06 | 25.5% |
| 2021-12-31 | $3.19 | $1.03 | 32.3% |
| 2020-12-31 | $2.13 |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. Lower leaves more room to grow the dividend; a ratio persistently above 100% means dividends exceed earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-10-05 | 39.84% |
| 2026-10-02 | 39.84% |
| 2026-10-01 | 39.84% |
| 2026-09-30 | 39.84% |
| 2026-09-29 | 39.85% |
| 2026-09-28 | 39.85% |
| 2026-09-25 | 39.84% |
| 2026-09-24 | 39.85% |
| 2026-09-23 | 39.85% |
| 2026-09-22 | 39.84% |
| 2026-09-21 | 39.86% |
| 2026-09-18 | 39.84% |
| 2026-09-17 | 39.86% |
| 2026-09-16 | 39.85% |
| 2026-09-15 | 39.85% |
| 2026-09-14 | 39.84% |
| 2026-09-11 | 39.85% |
| 2026-09-10 | 39.86% |
| 2026-09-09 | 39.84% |
| 2026-09-08 | 39.86% |
| 2026-09-04 | 39.83% |
| 2026-09-03 | 39.85% |
| 2026-09-02 | 39.84% |
| 2026-09-01 | 39.85% |
| 2026-08-31 | 31.87% |
| 2026-08-28 | 38.33% |
| 2026-08-27 | 38.32% |
| 2026-08-26 | 38.31% |
| 2026-08-25 | 38.34% |
| 2026-08-24 | 38.34% |
| 2026-08-21 | 38.33% |
| 2026-08-20 | 38.34% |
| 2026-08-19 | 38.34% |
| 2026-08-18 | 38.33% |
| 2026-08-17 | 38.32% |
| 2026-08-14 | 38.33% |
| 2026-08-13 | 38.32% |
| 2026-08-12 | 38.32% |
| 2026-08-11 | 38.32% |
| 2026-08-10 | 38.34% |
| 2026-08-07 | 38.34% |
| 2026-08-06 | 41.29% |
| 2026-08-05 | 41.31% |
| 2026-08-04 | 41.31% |
| 2026-08-03 | 41.30% |
| 2026-07-31 | 41.32% |
| 2026-07-30 | 41.30% |
| 2026-07-29 | 41.30% |
| 2026-07-28 | 41.30% |
| 2026-07-27 | 41.32% |
| 2026-07-24 | 41.31% |
| 2026-07-23 | 41.29% |
| 2026-07-22 | 41.31% |
| 2026-07-21 | 41.32% |
| 2026-07-20 | 41.30% |
| 2026-07-17 | 41.30% |
| 2026-07-16 | 41.31% |
| 2026-07-15 | 41.32% |
| 2026-07-14 | 41.29% |
| 2026-07-13 | 41.32% |
| 2026-07-10 | 41.31% |
| 2026-07-09 | 41.32% |
| 2026-07-08 | 41.29% |
| 2026-07-07 | 41.29% |
| 2026-07-06 | 41.31% |
| 2026-07-02 | 41.31% |
| 2026-07-01 | 41.32% |
| 2026-06-30 | 41.30% |
| 2026-06-29 | 41.32% |
| 2026-06-26 | 41.32% |
| 2026-06-25 | 41.31% |
| 2026-06-24 | 41.32% |
| 2026-06-23 | 41.31% |
| 2026-06-22 | 41.32% |
| 2026-06-18 | 41.30% |
| 2026-06-17 | 41.32% |
| 2026-06-16 | 41.32% |
| 2026-06-15 | 41.31% |
| 2026-06-12 | 41.31% |
| 2026-06-11 | 41.31% |
| 2026-06-10 | 41.30% |
| 2026-06-09 | 41.31% |
| 2026-06-08 | 41.32% |
| 2026-06-05 | 41.30% |
| 2026-06-04 | 41.31% |
| 2026-06-03 | 41.31% |
| 2026-06-02 | 41.33% |
| 2026-06-01 | 41.30% |
| 2026-05-29 | 29.44% |
| 2026-05-28 | 29.46% |
| 2026-05-27 | 29.44% |
| 2026-05-26 | 29.45% |
| 2026-05-22 | 29.43% |
| 2026-05-21 | 29.45% |
| 2026-05-20 | 29.45% |
| 2026-05-19 | 29.45% |
| 2026-05-18 | 29.45% |
| 2026-05-15 | 29.45% |
| 2026-05-14 | 29.44% |
| 2026-05-13 | 29.44% |
| 2026-05-12 | 29.43% |
| 2026-05-11 | 29.44% |
| 2026-05-08 | 29.45% |
| 2026-05-07 | 40.65% |
| 2026-05-06 | 40.66% |
| 2026-05-05 | 40.66% |
| 2026-05-04 | 40.64% |
| 2026-05-01 | 40.66% |
| 2026-04-30 | 40.65% |
| 2026-04-29 | 40.65% |
| 2026-04-28 | 40.65% |
| 2026-04-27 | 40.66% |
| 2026-04-24 | 40.65% |
| 2026-04-23 | 40.65% |
| 2026-04-22 | 40.65% |
| 2026-04-21 | 40.65% |
| 2026-04-20 | 40.65% |
| 2026-04-17 | 40.67% |
| 2026-04-16 | 40.66% |
| 2026-04-15 | 40.64% |
| 2026-04-14 | 40.65% |
| 2026-04-13 | 40.65% |
| 2026-04-10 | 40.65% |
| 2026-04-09 | 40.65% |
| 2026-04-08 | 40.64% |
| 2026-04-07 | 40.65% |
| 2026-04-06 | 40.66% |
| 2026-04-02 | 40.65% |
| 2026-04-01 | 40.64% |
| 2026-03-31 | 40.64% |
| 2026-03-30 | 40.65% |
| 2026-03-27 | 40.66% |
| 2026-03-26 | 40.67% |
| 2026-03-25 | 40.64% |
| 2026-03-24 | 40.64% |
| 2026-03-23 | 40.66% |
| 2026-03-20 | 40.66% |
| 2026-03-19 | 40.65% |
| 2026-03-18 | 40.67% |
| 2026-03-17 | 40.64% |
| 2026-03-16 | 40.65% |
| 2026-03-13 | 40.65% |
| 2026-03-12 | 44.01% |
| 2026-03-11 | 44.00% |
| 2026-03-10 | 44.00% |
| 2026-03-09 | 44.01% |
| 2026-03-06 | 44.02% |
| 2026-03-05 | 44.00% |
| 2026-03-04 | 44.00% |
| 2026-03-03 | 44.00% |
| 2026-03-02 | 44.01% |
| 2026-02-27 | 53.78% |
| 2026-02-26 | 42.16% |
| 2026-02-25 | 42.18% |
| 2026-02-24 | 42.17% |
| 2026-02-23 | 42.17% |
| 2026-02-20 | 42.17% |
| 2026-02-19 | 42.17% |
| 2026-02-18 | 42.18% |
| 2026-02-17 | 42.17% |
| 2026-02-13 | 42.17% |
| 2026-02-12 | 42.17% |
| 2026-02-11 | 42.17% |
| 2026-02-10 | 42.18% |
| 2026-02-09 | 42.17% |
| 2026-02-06 | 42.18% |
| 2026-02-05 | 42.16% |
| 2026-02-04 | 42.18% |
| 2026-02-03 | 42.17% |
| 2026-02-02 | 42.19% |
| 2026-01-30 | 42.18% |
| 2026-01-29 | 42.17% |
| 2026-01-28 | 42.19% |
| 2026-01-27 | 42.17% |
| 2026-01-26 | 42.18% |
| 2026-01-23 | 42.16% |
| 2026-01-22 | 42.17% |
| 2026-01-21 | 42.18% |
| 2026-01-20 | 42.17% |
| 2026-01-16 | 42.18% |
| 2026-01-15 | 42.17% |
| 2026-01-14 | 42.16% |
| 2026-01-13 | 42.17% |
| 2026-01-12 | 42.16% |
| 2026-01-09 | 42.17% |
| 2026-01-08 | 42.17% |
| 2026-01-07 | 42.17% |
| 2026-01-06 | 42.17% |
| 2026-01-05 | 42.17% |
| 2026-01-02 | 42.17% |
| 2025-12-31 | 42.18% |
| 2025-12-30 | 42.17% |
| 2025-12-29 | 42.17% |
| 2025-12-26 | 42.18% |
| 2025-12-24 | 42.17% |
| 2025-12-23 | 42.17% |
| 2025-12-22 | 42.18% |
| 2025-12-19 | 42.17% |
| 2025-12-18 | 42.17% |
| 2025-12-17 | 42.17% |
| 2025-12-16 | 42.18% |
| 2025-12-15 | 42.18% |
| 2025-12-12 | 42.18% |
| 2025-12-11 | 42.18% |
| 2025-12-10 | 42.18% |
| 2025-12-09 | 42.16% |
| 2025-12-08 | 42.17% |
| 2025-12-05 | 42.16% |
| 2025-12-04 | 42.18% |
| 2025-12-03 | 42.17% |
| 2025-12-02 | 42.17% |
| 2025-12-01 | 42.16% |
| 2025-11-28 | 40.34% |
| 2025-11-26 | 40.33% |
| 2025-11-25 | 40.35% |
| 2025-11-24 | 40.35% |
| 2025-11-21 | 40.33% |
| 2025-11-20 | 40.34% |
| 2025-11-19 | 40.35% |
| 2025-11-18 | 40.33% |
| 2025-11-17 | 40.35% |
| 2025-11-14 | 40.34% |
| 2025-11-13 | 40.33% |
| 2025-11-12 | 40.35% |
| 2025-11-11 | 40.35% |
| 2025-11-10 | 40.32% |
| 2025-11-07 | 40.35% |
| 2025-11-06 | 49.04% |
| 2025-11-05 | 49.02% |
| 2025-11-04 | 49.02% |
| 2025-11-03 | 49.03% |
| 2025-10-31 | 49.03% |
| 2025-10-30 | 49.02% |
| 2025-10-29 | 49.03% |
| 2025-10-28 | 49.04% |
| 2025-10-27 | 49.03% |
| 2025-10-24 | 49.04% |
| 2025-10-23 | 49.03% |
| 2025-10-22 | 49.04% |
| 2025-10-21 | 49.02% |
| 2025-10-20 | 49.03% |
| 2025-10-17 | 49.04% |
| 2025-10-16 | 49.04% |
| 2025-10-15 | 49.04% |
| 2025-10-14 | 49.04% |
| 2025-10-13 | 49.04% |
| 2025-10-10 | 49.02% |
| 2025-10-09 | 49.04% |
| 2025-10-08 | 49.03% |
| 2025-10-07 | 49.01% |
| 2025-10-06 | 49.04% |
| 2025-10-03 | 49.03% |
| 2025-10-02 | 49.03% |
| 2025-10-01 | 49.03% |
| 2025-09-30 | 49.04% |
| 2025-09-29 | 49.02% |
| 2025-09-26 | 49.02% |
| 2025-09-25 | 49.03% |
| 2025-09-24 | 49.03% |
| 2025-09-23 | 49.04% |
Showing the most recent 260 of 2,527 data points. The chart above shows the full history.
| $1.00 |
| 46.9% |
| 2019-12-31 | $3.36 | $0.98 | 29.2% |
| 2018-12-31 | $3.09 | $0.89 | 28.8% |
| 2017-12-31 | $1.50 | $0.80 | 53.3% |
| 2016-12-31 | $1.80 | $0.80 | 44.4% |
| 2015-12-31 | $1.83 | $0.80 | 43.7% |
| 2014-12-31 | $1.71 | $0.77 | 45.0% |
| 2013-12-31 | $1.56 | $0.76 | 48.7% |
| 2012-12-31 | $1.49 | $0.76 | 51.0% |
| 2011-12-31 | $1.43 | $0.76 | 53.1% |
| 2010-12-31 | $1.42 | $0.76 | 53.5% |
| 2009-12-31 | $1.22 | $0.76 | 62.3% |
| 2008-12-31 | $1.13 | $0.76 | 67.3% |
| 2007-12-31 | $1.32 | $0.76 | 57.7% |
| 2006-12-31 | $1.22 | $0.76 | 62.5% |
| 2005-12-31 | $1.17 | $0.83 | 70.5% |
| 2004-12-31 | $1.55 | $0.82 | 52.7% |
| 2003-12-31 | $1.80 | $0.81 | 44.8% |
| 2002-12-31 | $1.49 | $0.98 | 65.7% |
| 2001-12-31 | $1.39 | $0.80 | 57.4% |
| 2000-12-31 | $1.31 | $0.61 | 46.4% |
| 1999-12-31 | $1.22 | $0.59 | 48.3% |
| 1998-12-31 | $1.21 | $0.57 | 47.2% |
| 1997-12-31 | $1.25 | $0.67 | 53.7% |
| 1996-12-31 | $1.22 | $0.63 | 52.0% |
