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 33.82% is 43% above its 5-year average of 23.73%, near the high end of its 5-year range (7.62%–40.59%).
As of Friday, September 4, 2026. 5.45% above its 12-month average of 32.07%.
Dividend Payout Ratio (33.82%) = TTM Dividends/Share ($1.85) / TTM EPS ($5.47)
DIVIDEND PAYOUT RATIO
33.82%
DIVIDEND PAYOUT RATIO AVG TTM
32.07%
DIVIDEND PAYOUT RATIO AVG 3Y
31.17%
DIVIDEND PAYOUT RATIO AVG 5Y
23.73%
DIVIDEND PAYOUT RATIO AVG 10Y
24.24%
DIVIDEND PAYOUT RATIO AVG 15Y
21.18%
DIVIDEND PAYOUT RATIO AVG 20Y
18.98%
CURRENT VS TTM AVG
+5.45%
CURRENT VS 3Y AVG
+8.48%
CURRENT VS 5Y AVG
+42.51%
CURRENT VS 10Y AVG
+39.53%
CURRENT VS 15Y AVG
+59.63%
CURRENT VS 20Y AVG
+78.16%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $5.48 | $1.75 | 31.9% |
| 2024-12-31 | $3.38 | $1.56 | 46.2% |
| 2023-12-31 | $5.02 | $1.40 | 27.9% |
| 2022-12-31 | $13.10 | $1.28 | 9.8% |
| 2021-12-31 | $12.10 | $1.28 | 10.6% |
| 2020-12-31 | ($6.84) |
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 |
|---|---|
| 2026-09-04 | 33.82% |
| 2026-09-03 | 33.82% |
| 2026-09-02 | 33.83% |
| 2026-09-01 | 33.82% |
| 2026-08-31 | 33.82% |
| 2026-08-28 | 33.81% |
| 2026-08-27 | 33.82% |
| 2026-08-26 | 33.82% |
| 2026-08-25 | 33.81% |
| 2026-08-24 | 33.83% |
| 2026-08-21 | 33.83% |
| 2026-08-20 | 33.83% |
| 2026-08-19 | 33.82% |
| 2026-08-18 | 33.83% |
| 2026-08-17 | 33.82% |
| 2026-08-14 | 33.82% |
| 2026-08-13 | 33.82% |
| 2026-08-12 | 33.82% |
| 2026-08-11 | 33.81% |
| 2026-08-10 | 33.82% |
| 2026-08-07 | 33.82% |
| 2026-08-06 | 32.62% |
| 2026-08-05 | 32.63% |
| 2026-08-04 | 32.63% |
| 2026-08-03 | 32.64% |
| 2026-07-31 | 32.63% |
| 2026-07-30 | 32.62% |
| 2026-07-29 | 32.62% |
| 2026-07-28 | 32.64% |
| 2026-07-27 | 32.63% |
| 2026-07-24 | 32.62% |
| 2026-07-23 | 32.62% |
| 2026-07-22 | 32.63% |
| 2026-07-21 | 32.62% |
| 2026-07-20 | 32.62% |
| 2026-07-17 | 32.63% |
| 2026-07-16 | 32.62% |
| 2026-07-15 | 32.62% |
| 2026-07-14 | 32.62% |
| 2026-07-13 | 32.62% |
| 2026-07-10 | 32.62% |
| 2026-07-09 | 32.62% |
| 2026-07-08 | 32.62% |
| 2026-07-07 | 32.64% |
| 2026-07-06 | 32.62% |
| 2026-07-02 | 32.62% |
| 2026-07-01 | 32.63% |
| 2026-06-30 | 32.62% |
| 2026-06-29 | 32.63% |
| 2026-06-26 | 32.63% |
| 2026-06-25 | 32.63% |
| 2026-06-24 | 32.63% |
| 2026-06-23 | 32.63% |
| 2026-06-22 | 32.63% |
| 2026-06-18 | 32.62% |
| 2026-06-17 | 32.64% |
| 2026-06-16 | 32.62% |
| 2026-06-15 | 32.64% |
| 2026-06-12 | 31.75% |
| 2026-06-11 | 31.74% |
| 2026-06-10 | 31.75% |
| 2026-06-09 | 31.75% |
| 2026-06-08 | 31.75% |
| 2026-06-05 | 31.74% |
| 2026-06-04 | 31.74% |
| 2026-06-03 | 31.76% |
| 2026-06-02 | 31.76% |
| 2026-06-01 | 31.74% |
| 2026-05-29 | 31.74% |
| 2026-05-28 | 31.74% |
| 2026-05-27 | 31.76% |
| 2026-05-26 | 31.74% |
| 2026-05-22 | 31.75% |
| 2026-05-21 | 31.76% |
| 2026-05-20 | 31.74% |
| 2026-05-19 | 31.74% |
| 2026-05-18 | 31.75% |
| 2026-05-15 | 31.74% |
| 2026-05-14 | 31.74% |
| 2026-05-13 | 31.76% |
| 2026-05-12 | 31.74% |
| 2026-05-11 | 31.74% |
| 2026-05-08 | 31.75% |
| 2026-05-07 | 31.75% |
| 2026-05-06 | 31.74% |
| 2026-05-05 | 31.75% |
| 2026-05-04 | 31.75% |
| 2026-05-01 | 31.74% |
| 2026-04-30 | 33.21% |
| 2026-04-29 | 33.20% |
| 2026-04-28 | 33.20% |
| 2026-04-27 | 33.21% |
| 2026-04-24 | 33.20% |
| 2026-04-23 | 33.20% |
| 2026-04-22 | 33.22% |
| 2026-04-21 | 33.21% |
| 2026-04-20 | 33.20% |
| 2026-04-17 | 33.22% |
| 2026-04-16 | 33.21% |
| 2026-04-15 | 33.20% |
| 2026-04-14 | 33.21% |
| 2026-04-13 | 33.21% |
| 2026-04-10 | 33.20% |
| 2026-04-09 | 33.21% |
| 2026-04-08 | 33.22% |
| 2026-04-07 | 33.20% |
| 2026-04-06 | 33.21% |
| 2026-04-02 | 33.22% |
| 2026-04-01 | 33.21% |
| 2026-03-31 | 33.20% |
| 2026-03-30 | 33.20% |
| 2026-03-27 | 33.21% |
| 2026-03-26 | 33.20% |
| 2026-03-25 | 33.20% |
| 2026-03-24 | 33.22% |
| 2026-03-23 | 33.20% |
| 2026-03-20 | 33.22% |
| 2026-03-19 | 33.20% |
| 2026-03-18 | 33.20% |
| 2026-03-17 | 33.21% |
| 2026-03-16 | 40.59% |
| 2026-03-13 | 32.29% |
| 2026-03-12 | 32.29% |
| 2026-03-11 | 32.30% |
| 2026-03-10 | 32.29% |
| 2026-03-09 | 32.29% |
| 2026-03-06 | 32.28% |
| 2026-03-05 | 32.28% |
| 2026-03-04 | 32.30% |
| 2026-03-03 | 32.30% |
| 2026-03-02 | 32.29% |
| 2026-02-27 | 32.29% |
| 2026-02-26 | 32.28% |
| 2026-02-25 | 32.29% |
| 2026-02-24 | 32.29% |
| 2026-02-23 | 32.30% |
| 2026-02-20 | 32.28% |
| 2026-02-19 | 32.30% |
| 2026-02-18 | 32.28% |
| 2026-02-17 | 32.29% |
| 2026-02-13 | 32.29% |
| 2026-02-12 | 32.29% |
| 2026-02-11 | 31.41% |
| 2026-02-10 | 31.41% |
| 2026-02-09 | 31.43% |
| 2026-02-06 | 31.41% |
| 2026-02-05 | 31.42% |
| 2026-02-04 | 31.42% |
| 2026-02-03 | 31.42% |
| 2026-02-02 | 31.42% |
| 2026-01-30 | 31.41% |
| 2026-01-29 | 31.42% |
| 2026-01-28 | 31.43% |
| 2026-01-27 | 31.41% |
| 2026-01-26 | 31.42% |
| 2026-01-23 | 31.41% |
| 2026-01-22 | 31.41% |
| 2026-01-21 | 31.43% |
| 2026-01-20 | 31.43% |
| 2026-01-16 | 31.41% |
| 2026-01-15 | 31.42% |
| 2026-01-14 | 31.41% |
| 2026-01-13 | 31.42% |
| 2026-01-12 | 31.41% |
| 2026-01-09 | 31.41% |
| 2026-01-08 | 31.43% |
| 2026-01-07 | 31.43% |
| 2026-01-06 | 31.41% |
| 2026-01-05 | 31.42% |
| 2026-01-02 | 31.42% |
| 2025-12-31 | 31.42% |
| 2025-12-30 | 31.41% |
| 2025-12-29 | 31.43% |
| 2025-12-26 | 31.43% |
| 2025-12-24 | 31.41% |
| 2025-12-23 | 31.43% |
| 2025-12-22 | 31.42% |
| 2025-12-19 | 31.43% |
| 2025-12-18 | 31.41% |
| 2025-12-17 | 31.41% |
| 2025-12-16 | 31.42% |
| 2025-12-15 | 30.51% |
| 2025-12-12 | 30.52% |
| 2025-12-11 | 30.51% |
| 2025-12-10 | 30.53% |
| 2025-12-09 | 30.52% |
| 2025-12-08 | 30.52% |
| 2025-12-05 | 30.52% |
| 2025-12-04 | 30.51% |
| 2025-12-03 | 30.53% |
| 2025-12-02 | 30.53% |
| 2025-12-01 | 30.51% |
| 2025-11-28 | 30.51% |
| 2025-11-26 | 30.52% |
| 2025-11-25 | 30.53% |
| 2025-11-24 | 30.51% |
| 2025-11-21 | 30.53% |
| 2025-11-20 | 30.52% |
| 2025-11-19 | 30.52% |
| 2025-11-18 | 30.53% |
| 2025-11-17 | 30.53% |
| 2025-11-14 | 30.52% |
| 2025-11-13 | 30.53% |
| 2025-11-12 | 30.51% |
| 2025-11-11 | 30.52% |
| 2025-11-10 | 30.52% |
| 2025-11-07 | 30.52% |
| 2025-11-06 | 30.51% |
| 2025-11-05 | 30.52% |
| 2025-11-04 | 31.78% |
| 2025-11-03 | 31.78% |
| 2025-10-31 | 31.78% |
| 2025-10-30 | 31.76% |
| 2025-10-29 | 31.79% |
| 2025-10-28 | 31.77% |
| 2025-10-27 | 31.77% |
| 2025-10-24 | 31.78% |
| 2025-10-23 | 31.78% |
| 2025-10-22 | 31.79% |
| 2025-10-21 | 31.77% |
| 2025-10-20 | 31.77% |
| 2025-10-17 | 31.78% |
| 2025-10-16 | 31.78% |
| 2025-10-15 | 31.78% |
| 2025-10-14 | 31.78% |
| 2025-10-13 | 31.77% |
| 2025-10-10 | 31.78% |
| 2025-10-09 | 31.78% |
| 2025-10-08 | 31.77% |
| 2025-10-07 | 31.78% |
| 2025-10-06 | 31.78% |
| 2025-10-03 | 31.77% |
| 2025-10-02 | 31.78% |
| 2025-10-01 | 31.78% |
| 2025-09-30 | 31.77% |
| 2025-09-29 | 31.77% |
| 2025-09-26 | 31.79% |
| 2025-09-25 | 31.77% |
| 2025-09-24 | 31.77% |
| 2025-09-23 | 31.78% |
| 2025-09-22 | 31.77% |
| 2025-09-19 | 31.78% |
| 2025-09-18 | 31.79% |
| 2025-09-17 | 31.79% |
| 2025-09-16 | 31.78% |
| 2025-09-15 | 30.85% |
| 2025-09-12 | 30.83% |
| 2025-09-11 | 30.83% |
| 2025-09-10 | 30.84% |
| 2025-09-09 | 30.84% |
| 2025-09-08 | 30.83% |
| 2025-09-05 | 30.85% |
| 2025-09-04 | 30.85% |
| 2025-09-03 | 30.83% |
| 2025-09-02 | 30.84% |
| 2025-08-29 | 30.84% |
| 2025-08-28 | 30.84% |
| 2025-08-27 | 30.85% |
| 2025-08-26 | 30.85% |
| 2025-08-25 | 30.83% |
Showing the most recent 260 of 1,455 data points. The chart above shows the full history.
| $1.28 |
| N/A (Loss) |
| 2019-12-31 | $3.79 | $1.28 | 33.8% |
| 2018-12-31 | ($0.01) | $1.28 | N/A (Loss) |
| 2017-12-31 | ($6.54) | $1.28 | N/A (Loss) |
| 2016-12-31 | ($0.78) | $1.28 | N/A (Loss) |
| 2015-12-31 | $1.69 | $0.81 | 47.9% |
| 2014-12-31 | $5.27 | $0.50 | 9.5% |
| 2013-12-31 | $6.16 | $0.20 | 3.2% |
| 2012-12-31 | $2.04 | $0.00 | 0.0% |
| 2011-12-31 | $11.01 | $8.70 | 79.0% |
| 2010-12-31 | $57.00 | $0.00 | 0.0% |
| 2009-12-31 | ($80.91) | $0.00 | N/A (Loss) |
| 2008-12-31 | ($753.82) | $12.40 | N/A (Loss) |
| 2007-12-31 | $48.00 | $14.60 | 30.4% |
| 2006-12-31 | $107.80 | $12.60 | 11.7% |
| 2005-12-31 | $80.60 | $11.00 | 13.6% |
| 2004-12-31 | $75.40 | $5.80 | 7.7% |
| 2003-12-31 | $62.00 | $4.48 | 7.2% |
| 2002-12-31 | $44.00 | $3.60 | 8.2% |
| 2001-12-31 | $41.00 | $3.16 | 7.7% |
| 2000-12-31 | $51.00 | $2.81 | 5.5% |
| 1999-12-31 | $47.40 | $2.53 | 5.3% |
| 1998-12-31 | $37.40 | $2.30 | 6.2% |
| 1997-12-31 | $32.67 | $2.07 | 6.3% |
| 1996-12-31 | $29.12 | $1.75 | 6.0% |
