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 61.89% is in line with its 5-year average of 60.61%, around the middle of its 5-year range (44.83%–77.51%).
As of Saturday, July 25, 2026. 0.93% above its 12-month average of 61.32%.
Dividend Payout Ratio (61.89%) = TTM Dividends/Share ($6.64) / TTM EPS ($10.73)
DIVIDEND PAYOUT RATIO
61.89%
DIVIDEND PAYOUT RATIO AVG TTM
61.32%
DIVIDEND PAYOUT RATIO AVG 3Y
60.96%
DIVIDEND PAYOUT RATIO AVG 5Y
60.56%
DIVIDEND PAYOUT RATIO AVG 10Y
60.68%
DIVIDEND PAYOUT RATIO AVG 15Y
59.25%
DIVIDEND PAYOUT RATIO AVG 20Y
56.15%
CURRENT VS TTM AVG
+0.93%
CURRENT VS 3Y AVG
+1.53%
CURRENT VS 5Y AVG
+2.19%
CURRENT VS 10Y AVG
+1.99%
CURRENT VS 15Y AVG
+4.45%
CURRENT VS 20Y AVG
+10.23%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $10.02 | $6.32 | 63.1% |
| 2024 | $9.14 | $5.74 | 62.8% |
| 2023 | $8.25 | $5.15 | 62.4% |
| 2022 | $7.04 | $4.37 | 62.1% |
| 2021 | $6.10 | $3.83 | 62.8% |
| 2020 | $5.73 | $3.66 | 63.9% |
| 2019 | $5.27 | $3.28 | 62.2% |
| 2018 | $4.28 | $2.80 | 65.4% |
| 2017 | $3.87 | $2.34 | 60.5% |
| 2016 | $3.26 | $2.16 | 66.2% |
| 2015 | $2.91 | $2.00 | 68.8% |
| 2014 | $3.14 | $1.75 | 55.8% |
| 2013 | $2.84 | $1.57 | 55.3% |
| 2012 | $2.85 | $1.42 | 49.9% |
| 2011 | $2.54 | $1.30 | 51.0% |
| 2010 | $2.42 | $1.21 | 50.1% |
| 2009 | $2.64 | $1.17 | 44.2% |
| 2008 | $2.23 | $1.05 | 47.3% |
| 2007 | $2.03 | $0.84 | 41.4% |
| 2006 | $1.46 | $0.62 | 42.6% |
| 2005 | $1.81 | $0.52 | 28.5% |
| 2004 | $1.19 | $0.46 | 38.3% |
| 2003 | $1.36 | $0.40 | 29.2% |
| 2002 | $1.78 | $0.37 | 20.7% |
| 2001 | $1.47 | $0.34 | 22.9% |
| 2000 | $1.34 | $0.29 | 21.7% |
| 1999 | $1.13 | $0.25 | 22.0% |
| 1998 | $1.01 | $0.22 | 21.5% |
| 1997 | $0.88 | $0.19 | 21.5% |
| 1996 | $0.79 | $0.16 | 20.8% |
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 |
|---|---|
| 2026-07-24 | 61.89% |
| 2026-07-23 | 61.89% |
| 2026-07-22 | 61.89% |
| 2026-07-21 | 61.89% |
| 2026-07-20 | 61.89% |
| 2026-07-17 | 61.88% |
| 2026-07-16 | 61.88% |
| 2026-07-15 | 61.87% |
| 2026-07-14 | 61.89% |
| 2026-07-13 | 61.89% |
| 2026-07-10 | 61.89% |
| 2026-07-09 | 61.89% |
| 2026-07-08 | 61.87% |
| 2026-07-07 | 61.89% |
| 2026-07-06 | 61.88% |
| 2026-07-02 | 61.89% |
| 2026-07-01 | 61.88% |
| 2026-06-30 | 61.88% |
| 2026-06-29 | 61.89% |
| 2026-06-26 | 61.87% |
| 2026-06-25 | 61.88% |
| 2026-06-24 | 61.88% |
| 2026-06-23 | 61.88% |
| 2026-06-22 | 61.88% |
| 2026-06-18 | 61.90% |
| 2026-06-17 | 61.89% |
| 2026-06-16 | 61.88% |
| 2026-06-15 | 61.87% |
| 2026-06-12 | 76.23% |
| 2026-06-11 | 60.39% |
| 2026-06-10 | 60.40% |
| 2026-06-09 | 60.38% |
| 2026-06-08 | 60.39% |
| 2026-06-05 | 60.40% |
| 2026-06-04 | 60.40% |
| 2026-06-03 | 60.40% |
| 2026-06-02 | 60.40% |
| 2026-06-01 | 60.38% |
| 2026-05-29 | 60.38% |
| 2026-05-28 | 60.39% |
| 2026-05-27 | 60.38% |
| 2026-05-26 | 60.39% |
| 2026-05-22 | 60.40% |
| 2026-05-21 | 60.39% |
| 2026-05-20 | 60.40% |
| 2026-05-19 | 60.38% |
| 2026-05-18 | 60.40% |
| 2026-05-15 | 60.40% |
| 2026-05-14 | 60.39% |
| 2026-05-13 | 60.38% |
| 2026-05-12 | 60.40% |
| 2026-05-11 | 60.40% |
| 2026-05-08 | 60.39% |
| 2026-05-07 | 60.38% |
| 2026-05-06 | 60.39% |
| 2026-05-05 | 60.40% |
| 2026-05-04 | 60.38% |
| 2026-05-01 | 60.38% |
| 2026-04-30 | 60.39% |
| 2026-04-29 | 62.25% |
| 2026-04-28 | 62.24% |
| 2026-04-27 | 62.26% |
| 2026-04-24 | 62.25% |
| 2026-04-23 | 62.24% |
| 2026-04-22 | 62.23% |
| 2026-04-21 | 62.25% |
| 2026-04-20 | 62.24% |
| 2026-04-17 | 62.26% |
| 2026-04-16 | 62.25% |
| 2026-04-15 | 62.26% |
| 2026-04-14 | 62.25% |
| 2026-04-13 | 62.25% |
| 2026-04-10 | 62.26% |
| 2026-04-09 | 62.25% |
| 2026-04-08 | 62.26% |
| 2026-04-07 | 62.25% |
| 2026-04-06 | 62.25% |
| 2026-04-02 | 62.26% |
| 2026-04-01 | 62.26% |
| 2026-03-31 | 62.25% |
| 2026-03-30 | 62.25% |
| 2026-03-27 | 62.24% |
| 2026-03-26 | 62.26% |
| 2026-03-25 | 62.23% |
| 2026-03-24 | 62.24% |
| 2026-03-23 | 62.26% |
| 2026-03-20 | 62.26% |
| 2026-03-19 | 62.26% |
| 2026-03-18 | 62.26% |
| 2026-03-17 | 62.26% |
| 2026-03-16 | 62.26% |
| 2026-03-13 | 77.04% |
| 2026-03-12 | 60.72% |
| 2026-03-11 | 60.71% |
| 2026-03-10 | 60.71% |
| 2026-03-09 | 60.72% |
| 2026-03-06 | 60.70% |
| 2026-03-05 | 60.70% |
| 2026-03-04 | 60.71% |
| 2026-03-03 | 60.72% |
| 2026-03-02 | 60.71% |
| 2026-02-27 | 60.71% |
| 2026-02-26 | 60.72% |
| 2026-02-25 | 60.71% |
| 2026-02-24 | 60.72% |
| 2026-02-23 | 60.70% |
| 2026-02-20 | 60.70% |
| 2026-02-19 | 60.72% |
| 2026-02-18 | 60.72% |
| 2026-02-17 | 60.71% |
| 2026-02-13 | 60.72% |
| 2026-02-12 | 60.71% |
| 2026-02-11 | 60.71% |
| 2026-02-10 | 60.70% |
| 2026-02-09 | 60.71% |
| 2026-02-06 | 60.70% |
| 2026-02-05 | 60.72% |
| 2026-02-04 | 60.70% |
| 2026-02-03 | 60.71% |
| 2026-02-02 | 60.71% |
| 2026-01-30 | 60.71% |
| 2026-01-29 | 60.72% |
| 2026-01-28 | 62.32% |
| 2026-01-27 | 62.33% |
| 2026-01-26 | 62.33% |
| 2026-01-23 | 62.33% |
| 2026-01-22 | 62.33% |
| 2026-01-21 | 62.32% |
| 2026-01-20 | 62.33% |
| 2026-01-16 | 62.32% |
| 2026-01-15 | 62.33% |
| 2026-01-14 | 62.32% |
| 2026-01-13 | 62.32% |
| 2026-01-12 | 62.33% |
| 2026-01-09 | 62.32% |
| 2026-01-08 | 62.33% |
| 2026-01-07 | 62.34% |
| 2026-01-06 | 62.32% |
| 2026-01-05 | 62.34% |
| 2026-01-02 | 62.33% |
| 2025-12-31 | 62.33% |
| 2025-12-30 | 62.32% |
| 2025-12-29 | 62.32% |
| 2025-12-26 | 62.34% |
| 2025-12-24 | 62.32% |
| 2025-12-23 | 62.34% |
| 2025-12-22 | 62.34% |
| 2025-12-19 | 62.33% |
| 2025-12-18 | 62.34% |
| 2025-12-17 | 62.33% |
| 2025-12-16 | 62.34% |
| 2025-12-15 | 62.33% |
| 2025-12-12 | 77.51% |
| 2025-12-11 | 60.74% |
| 2025-12-10 | 60.76% |
| 2025-12-09 | 60.76% |
| 2025-12-08 | 60.75% |
| 2025-12-05 | 60.75% |
| 2025-12-04 | 60.75% |
| 2025-12-03 | 60.74% |
| 2025-12-02 | 60.74% |
| 2025-12-01 | 60.75% |
| 2025-11-28 | 60.76% |
| 2025-11-26 | 60.75% |
| 2025-11-25 | 60.76% |
| 2025-11-24 | 60.74% |
| 2025-11-21 | 60.74% |
| 2025-11-20 | 60.74% |
| 2025-11-19 | 60.76% |
| 2025-11-18 | 60.74% |
| 2025-11-17 | 60.74% |
| 2025-11-14 | 60.75% |
| 2025-11-13 | 60.75% |
| 2025-11-12 | 60.74% |
| 2025-11-11 | 60.76% |
| 2025-11-10 | 60.76% |
| 2025-11-07 | 60.76% |
| 2025-11-06 | 60.76% |
| 2025-11-05 | 60.75% |
| 2025-11-04 | 60.74% |
| 2025-11-03 | 60.74% |
| 2025-10-31 | 60.75% |
| 2025-10-30 | 61.66% |
| 2025-10-29 | 61.67% |
| 2025-10-28 | 61.66% |
| 2025-10-27 | 61.66% |
| 2025-10-24 | 61.66% |
| 2025-10-23 | 61.65% |
| 2025-10-22 | 61.65% |
| 2025-10-21 | 61.67% |
| 2025-10-20 | 61.66% |
| 2025-10-17 | 61.67% |
| 2025-10-16 | 61.65% |
| 2025-10-15 | 61.66% |
| 2025-10-14 | 61.66% |
| 2025-10-13 | 61.65% |
| 2025-10-10 | 61.67% |
| 2025-10-09 | 61.67% |
| 2025-10-08 | 61.66% |
| 2025-10-07 | 61.65% |
| 2025-10-06 | 61.65% |
| 2025-10-03 | 61.66% |
| 2025-10-02 | 61.67% |
| 2025-10-01 | 61.66% |
| 2025-09-30 | 61.66% |
| 2025-09-29 | 61.67% |
| 2025-09-26 | 61.65% |
| 2025-09-25 | 61.67% |
| 2025-09-24 | 61.66% |
| 2025-09-23 | 61.66% |
| 2025-09-22 | 61.67% |
| 2025-09-19 | 61.66% |
| 2025-09-18 | 61.65% |
| 2025-09-17 | 61.65% |
| 2025-09-16 | 61.67% |
| 2025-09-15 | 61.67% |
| 2025-09-12 | 75.68% |
| 2025-09-11 | 60.25% |
| 2025-09-10 | 60.26% |
| 2025-09-09 | 60.25% |
| 2025-09-08 | 60.25% |
| 2025-09-05 | 60.27% |
| 2025-09-04 | 60.26% |
| 2025-09-03 | 60.27% |
| 2025-09-02 | 60.27% |
| 2025-08-29 | 60.27% |
| 2025-08-28 | 60.26% |
| 2025-08-27 | 60.26% |
| 2025-08-26 | 60.27% |
| 2025-08-25 | 60.25% |
| 2025-08-22 | 60.27% |
| 2025-08-21 | 60.25% |
| 2025-08-20 | 60.25% |
| 2025-08-19 | 60.26% |
| 2025-08-18 | 60.27% |
| 2025-08-15 | 60.26% |
| 2025-08-14 | 60.26% |
| 2025-08-13 | 60.27% |
| 2025-08-12 | 60.25% |
| 2025-08-11 | 60.26% |
| 2025-08-08 | 60.26% |
| 2025-08-07 | 60.26% |
| 2025-08-06 | 60.25% |
| 2025-08-05 | 61.56% |
| 2025-08-04 | 61.56% |
| 2025-08-01 | 61.55% |
| 2025-07-31 | 61.56% |
| 2025-07-30 | 61.55% |
| 2025-07-29 | 61.56% |
| 2025-07-28 | 61.56% |
| 2025-07-25 | 61.56% |
| 2025-07-24 | 61.55% |
| 2025-07-23 | 61.56% |
| 2025-07-22 | 61.56% |
| 2025-07-21 | 61.56% |
| 2025-07-18 | 61.56% |
| 2025-07-17 | 61.55% |
| 2025-07-16 | 61.55% |
| 2025-07-15 | 61.56% |
| 2025-07-14 | 61.56% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
