This step chart displays the nominal dividend payouts over time by ex-dividend date (the date you must own the stock by to receive each payment), matching the distribution frequency.
Reported quarterly values; no daily interpolation.
+7.7pp over 10Y
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Annual Dividend History(payment-date basis)
Year
Dividend/Share
YoY Growth
2026(YTD)
$2.16
Not comparable
2025
$5.28
+2.72%
2024
$5.14
+4.90%
2023
$4.90
+5.15%
2022
$4.66
+5.43%
2021
$4.42
+5.74%
2020
$4.18
+6.09%
2019
$3.94
+7.65%
Dividend Yield Metrics
Current Yield
7.20%
Average Yield (TTM)
8.51%
Average Yield (3Y)
5.06%
Forward Yield on Cost (3Y)
8.60%
Forward Yield on Cost (5Y)
9.68%
Forward Yield on Cost (10Y)
13.02%
Payout Ratio Analysis
Payout Ratio (Current)
690.32%
FCF Payout Ratio
67.68%
Payout Ratio (3Y Avg)
446.50%
Payout Ratio (5Y Avg)
308.81%
FCF Payout (3Y Avg)
57.92%
FCF Payout (5Y Avg)
58.34%
For REITs, the net-income payout ratio overstates sustainability — large non-cash depreciation depresses net income, so it often reads >100%. The above (or FFO/AFFO, the REIT-standard basis) is the more meaningful gauge.
