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 96.01% is 36% below its 5-year average of 150.09%, near the low end of its 5-year range (68.25%–441.80%).
As of Wednesday, September 9, 2026. 13.70% below its 12-month average of 111.25%.
Dividend Payout Ratio (96.01%) = TTM Dividends/Share ($6.98) / TTM EPS ($7.27)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-09.
DIVIDEND PAYOUT RATIO
96.01%
DIVIDEND PAYOUT RATIO AVG TTM
111.25%
DIVIDEND PAYOUT RATIO AVG 3Y
173.91%
DIVIDEND PAYOUT RATIO AVG 5Y
150.09%
DIVIDEND PAYOUT RATIO AVG 10Y
109.81%
DIVIDEND PAYOUT RATIO AVG 15Y
100.16%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-13.70%
CURRENT VS 3Y AVG
-44.80%
CURRENT VS 5Y AVG
-36.03%
CURRENT VS 10Y AVG
-12.57%
CURRENT VS 15Y AVG
-4.15%
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $5.40 | $6.80 | 125.9% |
| 2024-12-31 | $4.83 | $6.48 | 134.2% |
| 2023-12-31 | $3.18 | $6.45 | 202.8% |
| 2022-12-31 | $3.83 | $5.86 | 153.0% |
| 2021-12-31 | $5.69 | $5.21 | 91.6% |
| 2020-12-31 | $3.81 |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-09-09 | 96.01% |
| 2026-09-08 | 96.00% |
| 2026-09-04 | 96.02% |
| 2026-09-03 | 96.01% |
| 2026-09-02 | 96.03% |
| 2026-09-01 | 96.00% |
| 2026-08-31 | 96.02% |
| 2026-08-28 | 96.01% |
| 2026-08-27 | 96.03% |
| 2026-08-26 | 96.00% |
| 2026-08-25 | 96.00% |
| 2026-08-24 | 96.02% |
| 2026-08-21 | 96.00% |
| 2026-08-20 | 96.01% |
| 2026-08-19 | 96.01% |
| 2026-08-18 | 95.99% |
| 2026-08-17 | 96.01% |
| 2026-08-14 | 96.01% |
| 2026-08-13 | 96.01% |
| 2026-08-12 | 96.00% |
| 2026-08-11 | 96.00% |
| 2026-08-10 | 96.01% |
| 2026-08-07 | 96.00% |
| 2026-08-06 | 96.02% |
| 2026-08-05 | 96.02% |
| 2026-08-04 | 96.03% |
| 2026-08-03 | 96.03% |
| 2026-07-31 | 96.03% |
| 2026-07-30 | 96.02% |
| 2026-07-29 | 96.02% |
| 2026-07-28 | 112.78% |
| 2026-07-27 | 112.78% |
| 2026-07-24 | 112.78% |
| 2026-07-23 | 112.77% |
| 2026-07-22 | 112.77% |
| 2026-07-21 | 112.78% |
| 2026-07-20 | 112.77% |
| 2026-07-17 | 112.75% |
| 2026-07-16 | 112.77% |
| 2026-07-15 | 112.75% |
| 2026-07-14 | 112.74% |
| 2026-07-13 | 112.75% |
| 2026-07-10 | 112.78% |
| 2026-07-09 | 112.78% |
| 2026-07-08 | 112.75% |
| 2026-07-07 | 112.78% |
| 2026-07-06 | 112.77% |
| 2026-07-02 | 112.75% |
| 2026-07-01 | 112.76% |
| 2026-06-30 | 112.74% |
| 2026-06-29 | 112.77% |
| 2026-06-26 | 112.78% |
| 2026-06-25 | 112.78% |
| 2026-06-24 | 112.75% |
| 2026-06-23 | 112.77% |
| 2026-06-22 | 112.75% |
| 2026-06-18 | 112.76% |
| 2026-06-17 | 112.78% |
| 2026-06-16 | 112.76% |
| 2026-06-15 | 112.76% |
| 2026-06-12 | 140.23% |
| 2026-06-11 | 111.30% |
| 2026-06-10 | 111.31% |
| 2026-06-09 | 111.31% |
| 2026-06-08 | 111.31% |
| 2026-06-05 | 111.31% |
| 2026-06-04 | 111.32% |
| 2026-06-03 | 111.30% |
| 2026-06-02 | 111.30% |
| 2026-06-01 | 111.32% |
| 2026-05-29 | 111.30% |
| 2026-05-28 | 111.31% |
| 2026-05-27 | 111.29% |
| 2026-05-26 | 111.31% |
| 2026-05-22 | 111.30% |
| 2026-05-21 | 111.31% |
| 2026-05-20 | 111.31% |
| 2026-05-19 | 111.29% |
| 2026-05-18 | 111.31% |
| 2026-05-15 | 111.33% |
| 2026-05-14 | 111.29% |
| 2026-05-13 | 111.31% |
| 2026-05-12 | 111.31% |
| 2026-05-11 | 111.31% |
| 2026-05-08 | 111.31% |
| 2026-05-07 | 111.30% |
| 2026-05-06 | 111.33% |
| 2026-05-05 | 111.33% |
| 2026-05-04 | 111.30% |
| 2026-05-01 | 111.31% |
| 2026-04-30 | 111.32% |
| 2026-04-29 | 111.32% |
| 2026-04-28 | 127.84% |
| 2026-04-27 | 127.82% |
| 2026-04-24 | 127.82% |
| 2026-04-23 | 127.82% |
| 2026-04-22 | 127.83% |
| 2026-04-21 | 127.82% |
| 2026-04-20 | 127.82% |
| 2026-04-17 | 127.82% |
| 2026-04-16 | 127.85% |
| 2026-04-15 | 127.84% |
| 2026-04-14 | 127.83% |
| 2026-04-13 | 94.62% |
| 2026-04-10 | 126.15% |
| 2026-04-09 | 126.15% |
| 2026-04-08 | 126.17% |
| 2026-04-07 | 126.17% |
| 2026-04-06 | 126.16% |
| 2026-04-02 | 126.15% |
| 2026-04-01 | 126.16% |
| 2026-03-31 | 126.17% |
| 2026-03-30 | 126.17% |
| 2026-03-27 | 126.16% |
| 2026-03-26 | 126.16% |
| 2026-03-25 | 126.15% |
| 2026-03-24 | 126.17% |
| 2026-03-23 | 126.18% |
| 2026-03-20 | 126.16% |
| 2026-03-19 | 126.17% |
| 2026-03-18 | 126.15% |
| 2026-03-17 | 126.17% |
| 2026-03-16 | 126.16% |
| 2026-03-13 | 126.15% |
| 2026-03-12 | 126.16% |
| 2026-03-11 | 126.14% |
| 2026-03-10 | 126.16% |
| 2026-03-09 | 126.17% |
| 2026-03-06 | 126.16% |
| 2026-03-05 | 126.15% |
| 2026-03-04 | 126.16% |
| 2026-03-03 | 126.17% |
| 2026-03-02 | 126.17% |
| 2026-02-27 | 126.18% |
| 2026-02-26 | 126.14% |
| 2026-02-25 | 126.15% |
| 2026-02-24 | 108.62% |
| 2026-02-23 | 108.63% |
| 2026-02-20 | 108.62% |
| 2026-02-19 | 108.63% |
| 2026-02-18 | 108.62% |
| 2026-02-17 | 108.64% |
| 2026-02-13 | 108.64% |
| 2026-02-12 | 108.62% |
| 2026-02-11 | 108.62% |
| 2026-02-10 | 108.64% |
| 2026-02-09 | 108.63% |
| 2026-02-06 | 108.63% |
| 2026-02-05 | 108.61% |
| 2026-02-04 | 108.62% |
| 2026-02-03 | 108.64% |
| 2026-02-02 | 108.64% |
| 2026-01-30 | 108.63% |
| 2026-01-29 | 108.63% |
| 2026-01-28 | 108.64% |
| 2026-01-27 | 108.64% |
| 2026-01-26 | 108.63% |
| 2026-01-23 | 108.61% |
| 2026-01-22 | 108.64% |
| 2026-01-21 | 108.62% |
| 2026-01-20 | 108.61% |
| 2026-01-16 | 108.61% |
| 2026-01-15 | 108.62% |
| 2026-01-14 | 108.62% |
| 2026-01-13 | 108.63% |
| 2026-01-12 | 108.62% |
| 2026-01-09 | 108.63% |
| 2026-01-08 | 108.63% |
| 2026-01-07 | 108.64% |
| 2026-01-06 | 108.64% |
| 2026-01-05 | 108.61% |
| 2026-01-02 | 108.61% |
| 2025-12-31 | 108.64% |
| 2025-12-30 | 108.63% |
| 2025-12-29 | 108.63% |
| 2025-12-26 | 107.35% |
| 2025-12-24 | 107.34% |
| 2025-12-23 | 107.36% |
| 2025-12-22 | 107.35% |
| 2025-12-19 | 107.34% |
| 2025-12-18 | 107.34% |
| 2025-12-17 | 107.34% |
| 2025-12-16 | 107.37% |
| 2025-12-15 | 107.36% |
| 2025-12-12 | 107.36% |
| 2025-12-11 | 107.36% |
| 2025-12-10 | 107.36% |
| 2025-12-09 | 107.34% |
| 2025-12-08 | 107.37% |
| 2025-12-05 | 107.34% |
| 2025-12-04 | 107.36% |
| 2025-12-03 | 107.33% |
| 2025-12-02 | 107.33% |
| 2025-12-01 | 107.36% |
| 2025-11-28 | 107.36% |
| 2025-11-26 | 107.34% |
| 2025-11-25 | 107.36% |
| 2025-11-24 | 107.37% |
| 2025-11-21 | 107.33% |
| 2025-11-20 | 107.34% |
| 2025-11-19 | 107.33% |
| 2025-11-18 | 107.34% |
| 2025-11-17 | 107.35% |
| 2025-11-14 | 107.36% |
| 2025-11-13 | 107.33% |
| 2025-11-12 | 107.35% |
| 2025-11-11 | 107.35% |
| 2025-11-10 | 107.35% |
| 2025-11-07 | 107.36% |
| 2025-11-06 | 107.35% |
| 2025-11-05 | 107.34% |
| 2025-11-04 | 107.35% |
| 2025-11-03 | 107.36% |
| 2025-10-31 | 107.34% |
| 2025-10-30 | 107.36% |
| 2025-10-29 | 107.36% |
| 2025-10-28 | 244.35% |
| 2025-10-27 | 244.35% |
| 2025-10-24 | 244.35% |
| 2025-10-23 | 244.36% |
| 2025-10-22 | 244.35% |
| 2025-10-21 | 244.35% |
| 2025-10-20 | 244.36% |
| 2025-10-17 | 244.36% |
| 2025-10-16 | 244.38% |
| 2025-10-15 | 244.36% |
| 2025-10-14 | 244.36% |
| 2025-10-13 | 244.37% |
| 2025-10-10 | 244.35% |
| 2025-10-09 | 244.37% |
| 2025-10-08 | 303.28% |
| 2025-10-07 | 303.28% |
| 2025-10-06 | 303.27% |
| 2025-10-03 | 303.28% |
| 2025-10-02 | 303.29% |
| 2025-10-01 | 303.28% |
| 2025-09-30 | 303.25% |
| 2025-09-29 | 241.47% |
| 2025-09-26 | 241.44% |
| 2025-09-25 | 241.45% |
| 2025-09-24 | 241.47% |
| 2025-09-23 | 241.46% |
| 2025-09-22 | 241.46% |
| 2025-09-19 | 241.44% |
| 2025-09-18 | 241.45% |
| 2025-09-17 | 241.47% |
| 2025-09-16 | 241.45% |
| 2025-09-15 | 241.45% |
| 2025-09-12 | 241.46% |
| 2025-09-11 | 241.45% |
| 2025-09-10 | 241.46% |
| 2025-09-09 | 241.44% |
| 2025-09-08 | 241.44% |
| 2025-09-05 | 241.47% |
| 2025-09-04 | 241.45% |
| 2025-09-03 | 241.46% |
| 2025-09-02 | 241.47% |
| 2025-08-29 | 241.46% |
| 2025-08-28 | 241.46% |
| 2025-08-27 | 241.47% |
Showing the most recent 260 of 1,992 data points. The chart above shows the full history.
| $4.53 |
| 118.9% |
| 2019-12-31 | $4.27 | $3.78 | 88.5% |
| 2018-12-31 | $2.81 | $3.15 | 112.1% |
| 2017-12-31 | $2.69 | $2.62 | 97.4% |
| 2016-12-31 | $2.00 | $2.17 | 108.5% |
| 2015-12-31 | $1.42 | $1.81 | 127.5% |
| 2014-12-31 | $2.02 | $1.40 | 69.3% |
| 2013-12-31 | $1.40 | $1.10 | 78.6% |
| 2012-12-31 | $1.61 | $0.90 | 55.9% |
| 2011-12-31 | $1.00 | $0.35 | 35.0% |
