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 116.47% is 36% above its 5-year average of 85.48%, around the middle of its 5-year range (19.60%–168.47%).
As of Monday, October 5, 2026. 6.82% below its 12-month average of 124.99%.
Dividend Payout Ratio (116.47%) = TTM Dividends/Share ($2.40) / TTM EPS ($2.06)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
116.47%
DIVIDEND PAYOUT RATIO AVG TTM
124.99%
DIVIDEND PAYOUT RATIO AVG 3Y
104.91%
DIVIDEND PAYOUT RATIO AVG 5Y
85.48%
DIVIDEND PAYOUT RATIO AVG 10Y
76.12%
DIVIDEND PAYOUT RATIO AVG 15Y
73.96%
DIVIDEND PAYOUT RATIO AVG 20Y
57.66%
CURRENT VS TTM AVG
-6.82%
CURRENT VS 3Y AVG
+11.02%
CURRENT VS 5Y AVG
+36.25%
CURRENT VS 10Y AVG
+53.01%
CURRENT VS 15Y AVG
+57.47%
CURRENT VS 20Y AVG
+102.00%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $2.42 | $2.60 | 107.4% |
| 2024-12-31 | $2.77 | $2.80 | 101.1% |
| 2023-12-31 | $4.81 | $2.80 | 58.2% |
| 2022-12-31 | $4.39 | $1.50 | 34.2% |
| 2021-12-31 | $1.36 | $0.40 | 29.4% |
| 2020-12-31 | ($1.01) |
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 |
|---|---|
| 2026-10-05 | 116.47% |
| 2026-10-02 | 116.53% |
| 2026-10-01 | 116.55% |
| 2026-09-30 | 116.49% |
| 2026-09-29 | 116.46% |
| 2026-09-28 | 116.47% |
| 2026-09-25 | 116.52% |
| 2026-09-24 | 116.48% |
| 2026-09-23 | 116.48% |
| 2026-09-22 | 116.47% |
| 2026-09-21 | 116.47% |
| 2026-09-18 | 116.52% |
| 2026-09-17 | 116.51% |
| 2026-09-16 | 116.52% |
| 2026-09-15 | 116.51% |
| 2026-09-14 | 116.51% |
| 2026-09-11 | 116.52% |
| 2026-09-10 | 116.47% |
| 2026-09-09 | 116.55% |
| 2026-09-08 | 116.49% |
| 2026-09-04 | 116.47% |
| 2026-09-03 | 116.48% |
| 2026-09-02 | 116.47% |
| 2026-09-01 | 116.46% |
| 2026-08-31 | 116.47% |
| 2026-08-28 | 116.52% |
| 2026-08-27 | 116.54% |
| 2026-08-26 | 116.47% |
| 2026-08-25 | 116.51% |
| 2026-08-24 | 116.54% |
| 2026-08-21 | 116.53% |
| 2026-08-20 | 116.55% |
| 2026-08-19 | 116.55% |
| 2026-08-18 | 116.49% |
| 2026-08-17 | 116.53% |
| 2026-08-14 | 116.51% |
| 2026-08-13 | 116.53% |
| 2026-08-12 | 116.46% |
| 2026-08-11 | 116.46% |
| 2026-08-10 | 116.47% |
| 2026-08-07 | 116.49% |
| 2026-08-06 | 125.69% |
| 2026-08-05 | 125.67% |
| 2026-08-04 | 125.64% |
| 2026-08-03 | 125.70% |
| 2026-07-31 | 125.69% |
| 2026-07-30 | 125.64% |
| 2026-07-29 | 125.69% |
| 2026-07-28 | 125.70% |
| 2026-07-27 | 125.67% |
| 2026-07-24 | 125.68% |
| 2026-07-23 | 125.67% |
| 2026-07-22 | 125.64% |
| 2026-07-21 | 125.64% |
| 2026-07-20 | 125.62% |
| 2026-07-17 | 125.70% |
| 2026-07-16 | 125.61% |
| 2026-07-15 | 125.62% |
| 2026-07-14 | 125.68% |
| 2026-07-13 | 125.69% |
| 2026-07-10 | 125.66% |
| 2026-07-09 | 125.64% |
| 2026-07-08 | 125.61% |
| 2026-07-07 | 125.69% |
| 2026-07-06 | 125.65% |
| 2026-07-02 | 125.70% |
| 2026-07-01 | 125.66% |
| 2026-06-30 | 125.60% |
| 2026-06-29 | 125.65% |
| 2026-06-26 | 125.69% |
| 2026-06-25 | 125.65% |
| 2026-06-24 | 125.64% |
| 2026-06-23 | 125.62% |
| 2026-06-22 | 125.65% |
| 2026-06-18 | 125.61% |
| 2026-06-17 | 125.63% |
| 2026-06-16 | 125.68% |
| 2026-06-15 | 125.66% |
| 2026-06-12 | 125.61% |
| 2026-06-11 | 125.68% |
| 2026-06-10 | 125.66% |
| 2026-06-09 | 125.63% |
| 2026-06-08 | 125.64% |
| 2026-06-05 | 125.62% |
| 2026-06-04 | 125.63% |
| 2026-06-03 | 125.62% |
| 2026-06-02 | 125.65% |
| 2026-06-01 | 125.64% |
| 2026-05-29 | 125.65% |
| 2026-05-28 | 125.69% |
| 2026-05-27 | 125.68% |
| 2026-05-26 | 125.61% |
| 2026-05-22 | 125.69% |
| 2026-05-21 | 125.65% |
| 2026-05-20 | 125.63% |
| 2026-05-19 | 125.61% |
| 2026-05-18 | 125.67% |
| 2026-05-15 | 125.68% |
| 2026-05-14 | 125.65% |
| 2026-05-13 | 125.65% |
| 2026-05-12 | 125.65% |
| 2026-05-11 | 125.65% |
| 2026-05-08 | 99.57% |
| 2026-05-07 | 103.72% |
| 2026-05-06 | 103.72% |
| 2026-05-05 | 103.71% |
| 2026-05-04 | 103.71% |
| 2026-05-01 | 103.73% |
| 2026-04-30 | 103.72% |
| 2026-04-29 | 103.71% |
| 2026-04-28 | 103.70% |
| 2026-04-27 | 103.73% |
| 2026-04-24 | 103.71% |
| 2026-04-23 | 103.75% |
| 2026-04-22 | 103.74% |
| 2026-04-21 | 103.77% |
| 2026-04-20 | 103.70% |
| 2026-04-17 | 103.78% |
| 2026-04-16 | 103.72% |
| 2026-04-15 | 103.71% |
| 2026-04-14 | 103.70% |
| 2026-04-13 | 103.69% |
| 2026-04-10 | 103.69% |
| 2026-04-09 | 103.73% |
| 2026-04-08 | 103.72% |
| 2026-04-07 | 103.77% |
| 2026-04-06 | 103.71% |
| 2026-04-02 | 103.75% |
| 2026-04-01 | 103.74% |
| 2026-03-31 | 103.71% |
| 2026-03-30 | 103.73% |
| 2026-03-27 | 103.74% |
| 2026-03-26 | 103.70% |
| 2026-03-25 | 103.76% |
| 2026-03-24 | 103.75% |
| 2026-03-23 | 103.76% |
| 2026-03-20 | 103.76% |
| 2026-03-19 | 103.76% |
| 2026-03-18 | 103.73% |
| 2026-03-17 | 103.75% |
| 2026-03-16 | 103.77% |
| 2026-03-13 | 103.74% |
| 2026-03-12 | 103.70% |
| 2026-03-11 | 103.73% |
| 2026-03-10 | 103.78% |
| 2026-03-09 | 103.71% |
| 2026-03-06 | 103.73% |
| 2026-03-05 | 103.76% |
| 2026-03-04 | 103.76% |
| 2026-03-03 | 103.76% |
| 2026-03-02 | 103.78% |
| 2026-02-27 | 103.72% |
| 2026-02-26 | 131.54% |
| 2026-02-25 | 131.61% |
| 2026-02-24 | 131.55% |
| 2026-02-23 | 131.56% |
| 2026-02-20 | 131.62% |
| 2026-02-19 | 131.56% |
| 2026-02-18 | 131.61% |
| 2026-02-17 | 131.59% |
| 2026-02-13 | 131.58% |
| 2026-02-12 | 131.56% |
| 2026-02-11 | 131.57% |
| 2026-02-10 | 131.62% |
| 2026-02-09 | 131.55% |
| 2026-02-06 | 168.47% |
| 2026-02-05 | 136.89% |
| 2026-02-04 | 136.87% |
| 2026-02-03 | 136.86% |
| 2026-02-02 | 136.79% |
| 2026-01-30 | 136.88% |
| 2026-01-29 | 136.80% |
| 2026-01-28 | 136.79% |
| 2026-01-27 | 136.86% |
| 2026-01-26 | 136.86% |
| 2026-01-23 | 136.87% |
| 2026-01-22 | 136.84% |
| 2026-01-21 | 136.89% |
| 2026-01-20 | 136.83% |
| 2026-01-16 | 136.84% |
| 2026-01-15 | 136.89% |
| 2026-01-14 | 136.86% |
| 2026-01-13 | 136.84% |
| 2026-01-12 | 136.88% |
| 2026-01-09 | 136.83% |
| 2026-01-08 | 136.86% |
| 2026-01-07 | 136.83% |
| 2026-01-06 | 136.85% |
| 2026-01-05 | 136.86% |
| 2026-01-02 | 136.87% |
| 2025-12-31 | 136.88% |
| 2025-12-30 | 136.80% |
| 2025-12-29 | 136.87% |
| 2025-12-26 | 136.80% |
| 2025-12-24 | 136.86% |
| 2025-12-23 | 136.85% |
| 2025-12-22 | 136.85% |
| 2025-12-19 | 136.81% |
| 2025-12-18 | 136.82% |
| 2025-12-17 | 136.85% |
| 2025-12-16 | 136.88% |
| 2025-12-15 | 136.80% |
| 2025-12-12 | 136.84% |
| 2025-12-11 | 136.84% |
| 2025-12-10 | 136.88% |
| 2025-12-09 | 136.86% |
| 2025-12-08 | 136.80% |
| 2025-12-05 | 136.81% |
| 2025-12-04 | 136.83% |
| 2025-12-03 | 136.89% |
| 2025-12-02 | 136.86% |
| 2025-12-01 | 136.89% |
| 2025-11-28 | 136.88% |
| 2025-11-26 | 136.86% |
| 2025-11-25 | 136.80% |
| 2025-11-24 | 136.80% |
| 2025-11-21 | 136.89% |
| 2025-11-20 | 136.87% |
| 2025-11-19 | 136.87% |
| 2025-11-18 | 136.85% |
| 2025-11-17 | 136.81% |
| 2025-11-14 | 136.87% |
| 2025-11-13 | 136.86% |
| 2025-11-12 | 136.86% |
| 2025-11-11 | 136.85% |
| 2025-11-10 | 136.89% |
| 2025-11-07 | 142.89% |
| 2025-11-06 | 148.39% |
| 2025-11-05 | 148.31% |
| 2025-11-04 | 148.33% |
| 2025-11-03 | 148.36% |
| 2025-10-31 | 148.41% |
| 2025-10-30 | 148.32% |
| 2025-10-29 | 148.32% |
| 2025-10-28 | 148.38% |
| 2025-10-27 | 148.39% |
| 2025-10-24 | 148.30% |
| 2025-10-23 | 148.30% |
| 2025-10-22 | 148.37% |
| 2025-10-21 | 148.34% |
| 2025-10-20 | 148.32% |
| 2025-10-17 | 148.30% |
| 2025-10-16 | 148.40% |
| 2025-10-15 | 148.39% |
| 2025-10-14 | 148.32% |
| 2025-10-13 | 148.30% |
| 2025-10-10 | 148.31% |
| 2025-10-09 | 148.39% |
| 2025-10-08 | 148.36% |
| 2025-10-07 | 148.34% |
| 2025-10-06 | 148.33% |
| 2025-10-03 | 148.40% |
| 2025-10-02 | 148.30% |
| 2025-10-01 | 148.35% |
| 2025-09-30 | 148.40% |
| 2025-09-29 | 148.38% |
| 2025-09-26 | 148.31% |
| 2025-09-25 | 148.33% |
| 2025-09-24 | 148.37% |
| 2025-09-23 | 148.32% |
Showing the most recent 260 of 2,275 data points. The chart above shows the full history.
| $0.40 |
| N/A (Loss) |
| 2019-12-31 | $3.07 | $2.15 | 69.9% |
| 2018-12-31 | $2.80 | $2.07 | 73.9% |
| 2017-12-31 | $2.80 | $1.88 | 67.1% |
| 2016-12-31 | $3.39 | $1.99 | 58.6% |
| 2015-12-31 | $2.11 | $2.66 | 126.2% |
| 2014-12-31 | $4.77 | $2.47 | 51.8% |
| 2013-12-31 | $3.63 | $2.28 | 62.9% |
| 2012-12-31 | $3.06 | $2.08 | 68.0% |
| 2011-12-31 | $5.29 | $1.81 | 34.3% |
| 2009-12-31 | $2.62 | $1.48 | 56.3% |
| 2008-12-31 | $1.83 | $1.27 | 69.1% |
| 2007-12-31 | $2.33 | $1.10 | 47.2% |
| 2006-12-31 | $2.37 | $0.96 | 40.5% |
| 2005-12-31 | $2.20 | $0.79 | 35.8% |
| 2004-12-31 | $1.07 | $0.62 | 58.1% |
| 2003-12-31 | $0.67 | $0.53 | 78.4% |
| 2002-12-31 | $0.58 | $0.50 | 86.2% |
| 2001-12-31 | $0.14 | $0.50 | 357.1% |
| 2000-12-31 | $0.13 | $0.50 | 384.6% |
| 1999-12-31 | $0.27 | $0.06 | 21.3% |
