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 27.59% is 13% below its 5-year average of 31.66%, near the low end of its 5-year range (20.88%–55.25%).
As of Wednesday, August 5, 2026. 1.66% above its 12-month average of 27.14%.
Dividend Payout Ratio (27.59%) = TTM Dividends/Share ($8.82) / TTM EPS ($31.97)
DIVIDEND PAYOUT RATIO
27.59%
DIVIDEND PAYOUT RATIO AVG TTM
27.14%
DIVIDEND PAYOUT RATIO AVG 3Y
29.44%
DIVIDEND PAYOUT RATIO AVG 5Y
30.28%
DIVIDEND PAYOUT RATIO AVG 10Y
30.47%
DIVIDEND PAYOUT RATIO AVG 15Y
27.06%
DIVIDEND PAYOUT RATIO AVG 20Y
25.99%
CURRENT VS TTM AVG
+1.66%
CURRENT VS 3Y AVG
-6.31%
CURRENT VS 5Y AVG
-8.89%
CURRENT VS 10Y AVG
-9.47%
CURRENT VS 15Y AVG
+1.96%
CURRENT VS 20Y AVG
+6.16%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $29.05 | $7.20 | 24.8% |
| 2024 | $19.93 | $6.71 | 33.7% |
| 2023 | $21.59 | $6.46 | 29.9% |
| 2022 | $14.78 | $6.63 | 44.9% |
| 2021 | $17.04 | $3.98 | 23.4% |
| 2020 | $9.66 | $2.85 |
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 |
|---|---|
| 2026-08-04 | 27.59% |
| 2026-08-03 | 27.59% |
| 2026-07-31 | 27.59% |
| 2026-07-30 | 27.59% |
| 2026-07-29 | 27.59% |
| 2026-07-28 | 33.37% |
| 2026-07-27 | 27.48% |
| 2026-07-24 | 27.49% |
| 2026-07-23 | 27.48% |
| 2026-07-22 | 27.49% |
| 2026-07-21 | 27.49% |
| 2026-07-20 | 27.48% |
| 2026-07-17 | 27.48% |
| 2026-07-16 | 27.48% |
| 2026-07-15 | 27.49% |
| 2026-07-14 | 29.03% |
| 2026-07-13 | 29.03% |
| 2026-07-10 | 29.03% |
| 2026-07-09 | 29.03% |
| 2026-07-08 | 29.03% |
| 2026-07-07 | 29.03% |
| 2026-07-06 | 29.03% |
| 2026-07-02 | 29.03% |
| 2026-07-01 | 29.03% |
| 2026-06-30 | 29.03% |
| 2026-06-29 | 29.03% |
| 2026-06-26 | 29.03% |
| 2026-06-25 | 29.03% |
| 2026-06-24 | 29.03% |
| 2026-06-23 | 29.03% |
| 2026-06-22 | 29.03% |
| 2026-06-18 | 29.03% |
| 2026-06-17 | 29.03% |
| 2026-06-16 | 29.03% |
| 2026-06-15 | 29.03% |
| 2026-06-12 | 29.03% |
| 2026-06-11 | 29.03% |
| 2026-06-10 | 29.03% |
| 2026-06-09 | 29.03% |
| 2026-06-08 | 29.03% |
| 2026-06-05 | 29.03% |
| 2026-06-04 | 29.03% |
| 2026-06-03 | 29.03% |
| 2026-06-02 | 29.03% |
| 2026-06-01 | 29.03% |
| 2026-05-29 | 29.03% |
| 2026-05-28 | 29.03% |
| 2026-05-27 | 29.03% |
| 2026-05-26 | 29.03% |
| 2026-05-22 | 29.03% |
| 2026-05-21 | 29.03% |
| 2026-05-20 | 29.03% |
| 2026-05-19 | 29.03% |
| 2026-05-18 | 29.03% |
| 2026-05-15 | 29.03% |
| 2026-05-14 | 29.03% |
| 2026-05-13 | 29.03% |
| 2026-05-12 | 29.03% |
| 2026-05-11 | 29.03% |
| 2026-05-08 | 29.03% |
| 2026-05-07 | 29.03% |
| 2026-05-06 | 29.03% |
| 2026-05-05 | 29.03% |
| 2026-05-04 | 29.03% |
| 2026-05-01 | 29.03% |
| 2026-04-30 | 29.03% |
| 2026-04-29 | 29.03% |
| 2026-04-28 | 29.03% |
| 2026-04-27 | 35.37% |
| 2026-04-24 | 24.90% |
| 2026-04-23 | 24.90% |
| 2026-04-22 | 24.90% |
| 2026-04-21 | 24.90% |
| 2026-04-20 | 24.90% |
| 2026-04-17 | 24.90% |
| 2026-04-16 | 24.90% |
| 2026-04-15 | 24.90% |
| 2026-04-14 | 26.62% |
| 2026-04-13 | 26.62% |
| 2026-04-10 | 26.62% |
| 2026-04-09 | 26.62% |
| 2026-04-08 | 26.62% |
| 2026-04-07 | 26.62% |
| 2026-04-06 | 26.63% |
| 2026-04-02 | 26.62% |
| 2026-04-01 | 26.62% |
| 2026-03-31 | 26.62% |
| 2026-03-30 | 26.62% |
| 2026-03-27 | 26.62% |
| 2026-03-26 | 26.62% |
| 2026-03-25 | 26.62% |
| 2026-03-24 | 26.62% |
| 2026-03-23 | 26.62% |
| 2026-03-20 | 26.62% |
| 2026-03-19 | 26.62% |
| 2026-03-18 | 26.62% |
| 2026-03-17 | 26.62% |
| 2026-03-16 | 26.62% |
| 2026-03-13 | 26.62% |
| 2026-03-12 | 26.62% |
| 2026-03-11 | 26.62% |
| 2026-03-10 | 26.62% |
| 2026-03-09 | 26.62% |
| 2026-03-06 | 26.62% |
| 2026-03-05 | 26.62% |
| 2026-03-04 | 26.62% |
| 2026-03-03 | 26.62% |
| 2026-03-02 | 26.62% |
| 2026-02-27 | 26.62% |
| 2026-02-26 | 26.62% |
| 2026-02-25 | 26.62% |
| 2026-02-24 | 27.92% |
| 2026-02-23 | 27.92% |
| 2026-02-20 | 27.93% |
| 2026-02-19 | 27.93% |
| 2026-02-18 | 27.92% |
| 2026-02-17 | 27.93% |
| 2026-02-13 | 27.92% |
| 2026-02-12 | 27.92% |
| 2026-02-11 | 27.93% |
| 2026-02-10 | 33.74% |
| 2026-02-09 | 26.68% |
| 2026-02-06 | 26.68% |
| 2026-02-05 | 26.68% |
| 2026-02-04 | 26.68% |
| 2026-02-03 | 26.68% |
| 2026-02-02 | 26.68% |
| 2026-01-30 | 26.68% |
| 2026-01-29 | 26.68% |
| 2026-01-28 | 26.68% |
| 2026-01-27 | 26.68% |
| 2026-01-26 | 26.68% |
| 2026-01-23 | 26.68% |
| 2026-01-22 | 26.68% |
| 2026-01-21 | 26.68% |
| 2026-01-20 | 26.68% |
| 2026-01-16 | 26.68% |
| 2026-01-15 | 26.68% |
| 2026-01-14 | 26.68% |
| 2026-01-13 | 26.68% |
| 2026-01-12 | 26.68% |
| 2026-01-09 | 26.68% |
| 2026-01-08 | 26.68% |
| 2026-01-07 | 26.68% |
| 2026-01-06 | 26.68% |
| 2026-01-05 | 26.68% |
| 2026-01-02 | 26.68% |
| 2025-12-31 | 26.68% |
| 2025-12-30 | 26.68% |
| 2025-12-29 | 26.68% |
| 2025-12-26 | 26.68% |
| 2025-12-24 | 26.68% |
| 2025-12-23 | 26.68% |
| 2025-12-22 | 26.68% |
| 2025-12-19 | 26.68% |
| 2025-12-18 | 26.68% |
| 2025-12-17 | 26.68% |
| 2025-12-16 | 26.68% |
| 2025-12-15 | 26.68% |
| 2025-12-12 | 26.68% |
| 2025-12-11 | 26.68% |
| 2025-12-10 | 26.68% |
| 2025-12-09 | 26.68% |
| 2025-12-08 | 26.68% |
| 2025-12-05 | 26.68% |
| 2025-12-04 | 26.68% |
| 2025-12-03 | 26.68% |
| 2025-12-02 | 26.68% |
| 2025-12-01 | 26.68% |
| 2025-11-28 | 26.68% |
| 2025-11-26 | 26.68% |
| 2025-11-25 | 26.68% |
| 2025-11-24 | 26.68% |
| 2025-11-21 | 26.68% |
| 2025-11-20 | 26.68% |
| 2025-11-19 | 26.68% |
| 2025-11-18 | 26.68% |
| 2025-11-17 | 26.68% |
| 2025-11-14 | 26.68% |
| 2025-11-13 | 26.68% |
| 2025-11-12 | 26.68% |
| 2025-11-11 | 26.68% |
| 2025-11-10 | 26.68% |
| 2025-11-07 | 26.68% |
| 2025-11-06 | 26.68% |
| 2025-11-05 | 26.68% |
| 2025-11-04 | 26.68% |
| 2025-11-03 | 26.68% |
| 2025-10-31 | 26.68% |
| 2025-10-30 | 26.68% |
| 2025-10-29 | 26.68% |
| 2025-10-28 | 25.86% |
| 2025-10-27 | 25.86% |
| 2025-10-24 | 25.85% |
| 2025-10-23 | 25.85% |
| 2025-10-22 | 25.85% |
| 2025-10-21 | 25.85% |
| 2025-10-20 | 25.86% |
| 2025-10-17 | 25.86% |
| 2025-10-16 | 25.85% |
| 2025-10-15 | 25.86% |
| 2025-10-14 | 26.49% |
| 2025-10-13 | 26.50% |
| 2025-10-10 | 26.49% |
| 2025-10-09 | 26.49% |
| 2025-10-08 | 26.49% |
| 2025-10-07 | 26.50% |
| 2025-10-06 | 26.49% |
| 2025-10-03 | 26.49% |
| 2025-10-02 | 26.49% |
| 2025-10-01 | 26.49% |
| 2025-09-30 | 26.50% |
| 2025-09-29 | 26.49% |
| 2025-09-26 | 26.49% |
| 2025-09-25 | 26.49% |
| 2025-09-24 | 26.49% |
| 2025-09-23 | 26.49% |
| 2025-09-22 | 26.50% |
| 2025-09-19 | 26.49% |
| 2025-09-18 | 26.50% |
| 2025-09-17 | 26.49% |
| 2025-09-16 | 26.49% |
| 2025-09-15 | 26.49% |
| 2025-09-12 | 26.49% |
| 2025-09-11 | 26.49% |
| 2025-09-10 | 26.49% |
| 2025-09-09 | 26.49% |
| 2025-09-08 | 26.49% |
| 2025-09-05 | 26.49% |
| 2025-09-04 | 26.50% |
| 2025-09-03 | 26.50% |
| 2025-09-02 | 26.49% |
| 2025-08-29 | 26.50% |
| 2025-08-28 | 26.50% |
| 2025-08-27 | 26.50% |
| 2025-08-26 | 26.50% |
| 2025-08-25 | 26.50% |
| 2025-08-22 | 26.49% |
| 2025-08-21 | 26.49% |
| 2025-08-20 | 26.50% |
| 2025-08-19 | 26.49% |
| 2025-08-18 | 26.49% |
| 2025-08-15 | 26.49% |
| 2025-08-14 | 26.49% |
| 2025-08-13 | 26.49% |
| 2025-08-12 | 26.49% |
| 2025-08-11 | 26.50% |
| 2025-08-08 | 26.49% |
| 2025-08-07 | 26.50% |
| 2025-08-06 | 26.49% |
| 2025-08-05 | 26.49% |
| 2025-08-04 | 26.49% |
| 2025-08-01 | 26.49% |
| 2025-07-31 | 26.50% |
| 2025-07-30 | 26.49% |
| 2025-07-29 | 26.49% |
| 2025-07-28 | 25.72% |
| 2025-07-25 | 25.72% |
| 2025-07-24 | 25.72% |
| 2025-07-23 | 25.72% |
Showing the most recent 260 of 2,337 data points. The chart above shows the full history.
| 29.5% |
| 2019 | $6.81 | $3.56 | 52.2% |
| 2018 | $7.21 | $1.72 | 23.8% |
| 2017 | $5.56 | $1.31 | 23.5% |
| 2016 | $3.84 | $1.15 | 29.8% |
| 2015 | $3.56 | $0.81 | 22.8% |
| 2014 | $3.39 | $0.83 | 24.6% |
| 2013 | $3.25 | $0.69 | 21.2% |
| 2012 | $3.47 | $0.59 | 17.1% |
| 2011 | $6.23 | $0.70 | 11.2% |
| 2010 | $4.07 | $0.28 | 7.0% |
| 2009 | ($0.63) | $0.27 | N/A (Loss) |
| 2008 | $1.38 | $0.51 | 37.0% |
| 2007 | $2.64 | $0.00 | 0.0% |
| 2006 | $2.47 | $0.00 | 0.0% |
| 2005 | $1.16 | $0.00 | 0.0% |
| 2004 | $0.88 | $0.00 | 0.0% |
| 2003 | ($0.60) | $0.00 | N/A (Loss) |
| 2002 | ($0.67) | $0.00 | N/A (Loss) |
| 2001 | ($1.35) | $0.00 | N/A (Loss) |
| 2000 | $1.14 | $0.00 | 0.0% |
| 1999 | $0.28 | $0.00 | 0.0% |
| 1998 | $0.22 | $0.00 | 0.0% |
| 1997 | $1.01 | $0.00 | 0.0% |
| 1996 | $0.41 | $0.00 | 0.0% |
