Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 76.88% as of the fiscal period ended Tuesday, June 30, 2026.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
76.88%
FCF PAYOUT RATIO AVG TTM
87.37%
FCF PAYOUT RATIO AVG 3Y
80.15%
FCF PAYOUT RATIO AVG 5Y
58.08%
FCF PAYOUT RATIO AVG 10Y
82.85%
FCF PAYOUT RATIO AVG 15Y
88.80%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-12.01%
CURRENT VS 3Y AVG
-4.08%
CURRENT VS 5Y AVG
+32.35%
CURRENT VS 10Y AVG
-7.21%
CURRENT VS 15Y AVG
-13.43%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
76.9%
Earnings Payout Ratio
129.7%
Dividend Yield
5.93%
FCF Yield
10.10%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $282.81M | $240.42M | 85.0% |
| 2024 | $325.01M | $243.72M | 75.0% |
| 2023 | $326.98M | $238.28M | 72.9% |
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-06-30 | 76.88% |
| 2026-03-31 | 92.93% |
| 2025-12-31 | 94.40% |
| 2025-09-30 | 86.72% |
| 2025-06-30 | 85.91% |
| 2025-03-31 | 81.89% |
| 2024-12-31 | 81.71% |
| 2024-09-30 | 81.07% |
| 2024-06-30 | 72.52% |
| 2024-03-31 | 72.87% |
| 2023-12-31 | 72.87% |
| 2023-09-30 | 72.86% |
| 2023-06-30 | 69.26% |
| 2023-03-31 | 63.96% |
| 2022-12-31 | 45.12% |
| 2022-09-30 | 29.66% |
| 2022-06-30 | 18.65% |
| 2022-03-31 | 8.94% |
| 2021-12-31 | 3.41% |
| 2021-09-30 | 3.42% |
| 2021-06-30 | 4.69% |
| 2020-09-30 | 276.27% |
| 2020-06-30 | 129.49% |
| 2020-03-31 | 96.67% |
| 2019-12-31 | 87.58% |
| 2019-09-30 | 82.80% |
| 2019-06-30 | 82.80% |
| 2019-03-31 | 81.20% |
| 2018-12-31 | 83.47% |
| 2018-09-30 | 84.06% |
| 2018-06-30 | 84.76% |
| 2018-03-31 | 81.89% |
| 2017-12-31 | 83.35% |
| 2017-09-30 | 84.87% |
| 2017-06-30 | 88.06% |
| 2017-03-31 | 94.36% |
| 2016-12-31 | 85.82% |
| 2016-09-30 | 87.76% |
| 2016-06-30 | 90.22% |
| 2016-03-31 | 94.89% |
| 2015-12-31 | 104.72% |
| 2015-09-30 | 112.62% |
| 2015-06-30 | 123.38% |
| 2015-03-31 | 131.69% |
| 2014-12-31 | 126.72% |
| 2014-09-30 | 126.58% |
| 2014-06-30 | 140.30% |
| 2014-03-31 | 150.52% |
| 2013-12-31 | 131.88% |
| 2013-09-30 | 134.42% |
| 2013-06-30 | 136.42% |
| 2013-03-31 | 102.61% |
| 2012-12-31 | 71.00% |
| 2012-09-30 | 147.87% |
| 2012-06-30 | 110.48% |
| 2012-03-31 | 36.28% |
| 2011-12-31 | 36.89% |
| 2011-09-30 | 28.04% |
| 2011-06-30 | 31.23% |
| 2011-03-31 | 710.53% |
| 2010-09-30 | 308.87% |
| 2010-06-30 | 262.33% |
| 2010-03-31 | 273.57% |
| 2009-12-31 | 271.63% |
| 2022 |
| $309.07M |
| $139.47M |
| 45.1% |
| 2021 | $199.25M | $6.80M | 3.4% |
| 2020 | ($21.83M) | $67.38M | N/A (Loss) |
| 2019 | $306.78M | $268.67M | 87.6% |
| 2018 | $330.52M | $275.89M | 83.5% |
| 2017 | $321.44M | $267.92M | 83.4% |
| 2016 | $266.91M | $229.06M | 85.8% |
| 2015 | $218.79M | $229.13M | 104.7% |
| 2014 | $184.20M | $233.41M | 126.7% |
| 2013 | $114.94M | $151.59M | 131.9% |
| 2012 | $106.44M | $291.09M | 273.5% |
| 2011 | $116.04M | $160.40M | 138.2% |
| 2010 | $16.02M | $118.13M | 737.3% |
| 2009 | $29.14M | $57.33M | 196.8% |
| 2008 | ($307.80M) | $0 | N/A (Loss) |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
