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 47.59% is in line with its 5-year average of 48.27%, around the middle of its 5-year range (35.23%–61.74%).
As of Sunday, July 26, 2026. 0.60% below its 12-month average of 47.88%.
Dividend Payout Ratio (47.59%) = TTM Dividends/Share ($3.87) / TTM EPS ($8.13)
DIVIDEND PAYOUT RATIO
47.59%
DIVIDEND PAYOUT RATIO AVG TTM
47.88%
DIVIDEND PAYOUT RATIO AVG 3Y
47.79%
DIVIDEND PAYOUT RATIO AVG 5Y
48.28%
DIVIDEND PAYOUT RATIO AVG 10Y
48.38%
DIVIDEND PAYOUT RATIO AVG 15Y
49.27%
DIVIDEND PAYOUT RATIO AVG 20Y
52.97%
CURRENT VS TTM AVG
-0.60%
CURRENT VS 3Y AVG
-0.42%
CURRENT VS 5Y AVG
-1.42%
CURRENT VS 10Y AVG
-1.63%
CURRENT VS 15Y AVG
-3.41%
CURRENT VS 20Y AVG
-10.15%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $7.54 | $3.61 | 47.9% |
| 2024 | $6.83 | $3.29 | 48.1% |
| 2023 | $6.10 | $3.02 | 49.6% |
| 2022 | $5.62 | $2.78 | 49.5% |
| 2021 | $5.12 | $2.56 | 49.9% |
| 2020 | $4.89 | $2.35 |
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 |
|---|---|
| 2026-07-24 | 47.59% |
| 2026-07-23 | 47.60% |
| 2026-07-22 | 47.60% |
| 2026-07-21 | 47.60% |
| 2026-07-20 | 47.60% |
| 2026-07-17 | 47.59% |
| 2026-07-16 | 47.60% |
| 2026-07-15 | 47.60% |
| 2026-07-14 | 47.60% |
| 2026-07-13 | 47.60% |
| 2026-07-10 | 47.60% |
| 2026-07-09 | 47.60% |
| 2026-07-08 | 47.60% |
| 2026-07-07 | 47.60% |
| 2026-07-06 | 47.60% |
| 2026-07-02 | 47.61% |
| 2026-07-01 | 47.59% |
| 2026-06-30 | 47.60% |
| 2026-06-29 | 47.61% |
| 2026-06-26 | 47.61% |
| 2026-06-25 | 47.60% |
| 2026-06-24 | 47.60% |
| 2026-06-23 | 47.59% |
| 2026-06-22 | 47.60% |
| 2026-06-18 | 47.59% |
| 2026-06-17 | 47.61% |
| 2026-06-16 | 47.59% |
| 2026-06-15 | 47.60% |
| 2026-06-12 | 47.61% |
| 2026-06-11 | 47.60% |
| 2026-06-10 | 47.60% |
| 2026-06-09 | 47.61% |
| 2026-06-08 | 47.60% |
| 2026-06-05 | 47.60% |
| 2026-06-04 | 47.60% |
| 2026-06-03 | 47.60% |
| 2026-06-02 | 47.61% |
| 2026-06-01 | 47.60% |
| 2026-05-29 | 47.59% |
| 2026-05-28 | 47.59% |
| 2026-05-27 | 47.61% |
| 2026-05-26 | 58.30% |
| 2026-05-22 | 46.00% |
| 2026-05-21 | 46.01% |
| 2026-05-20 | 46.01% |
| 2026-05-19 | 46.00% |
| 2026-05-18 | 46.01% |
| 2026-05-15 | 46.01% |
| 2026-05-14 | 46.01% |
| 2026-05-13 | 45.99% |
| 2026-05-12 | 46.00% |
| 2026-05-11 | 46.00% |
| 2026-05-08 | 46.01% |
| 2026-05-07 | 46.00% |
| 2026-05-06 | 46.01% |
| 2026-05-05 | 48.63% |
| 2026-05-04 | 48.64% |
| 2026-05-01 | 48.64% |
| 2026-04-30 | 48.63% |
| 2026-04-29 | 48.64% |
| 2026-04-28 | 48.63% |
| 2026-04-27 | 48.64% |
| 2026-04-24 | 48.64% |
| 2026-04-23 | 48.63% |
| 2026-04-22 | 48.63% |
| 2026-04-21 | 48.64% |
| 2026-04-20 | 48.64% |
| 2026-04-17 | 48.64% |
| 2026-04-16 | 48.63% |
| 2026-04-15 | 48.63% |
| 2026-04-14 | 48.64% |
| 2026-04-13 | 48.62% |
| 2026-04-10 | 48.63% |
| 2026-04-09 | 48.64% |
| 2026-04-08 | 48.63% |
| 2026-04-07 | 48.64% |
| 2026-04-06 | 48.63% |
| 2026-04-02 | 48.63% |
| 2026-04-01 | 48.63% |
| 2026-03-31 | 48.63% |
| 2026-03-30 | 48.63% |
| 2026-03-27 | 48.63% |
| 2026-03-26 | 48.63% |
| 2026-03-25 | 48.64% |
| 2026-03-24 | 48.63% |
| 2026-03-23 | 48.63% |
| 2026-03-20 | 48.63% |
| 2026-03-19 | 48.63% |
| 2026-03-18 | 48.64% |
| 2026-03-17 | 48.63% |
| 2026-03-16 | 48.63% |
| 2026-03-13 | 48.63% |
| 2026-03-12 | 48.63% |
| 2026-03-11 | 48.64% |
| 2026-03-10 | 48.63% |
| 2026-03-09 | 48.64% |
| 2026-03-06 | 48.63% |
| 2026-03-05 | 48.64% |
| 2026-03-04 | 48.64% |
| 2026-03-03 | 48.64% |
| 2026-03-02 | 48.64% |
| 2026-02-27 | 48.63% |
| 2026-02-26 | 48.64% |
| 2026-02-25 | 48.62% |
| 2026-02-24 | 59.95% |
| 2026-02-23 | 59.95% |
| 2026-02-20 | 46.94% |
| 2026-02-19 | 46.94% |
| 2026-02-18 | 46.94% |
| 2026-02-17 | 46.95% |
| 2026-02-13 | 46.95% |
| 2026-02-12 | 46.95% |
| 2026-02-11 | 46.94% |
| 2026-02-10 | 46.95% |
| 2026-02-09 | 46.95% |
| 2026-02-06 | 46.95% |
| 2026-02-05 | 46.94% |
| 2026-02-04 | 46.93% |
| 2026-02-03 | 46.94% |
| 2026-02-02 | 48.26% |
| 2026-01-30 | 48.27% |
| 2026-01-29 | 48.26% |
| 2026-01-28 | 48.26% |
| 2026-01-27 | 48.27% |
| 2026-01-26 | 48.27% |
| 2026-01-23 | 48.25% |
| 2026-01-22 | 48.26% |
| 2026-01-21 | 48.26% |
| 2026-01-20 | 48.26% |
| 2026-01-16 | 48.26% |
| 2026-01-15 | 48.25% |
| 2026-01-14 | 48.27% |
| 2026-01-13 | 48.25% |
| 2026-01-12 | 48.27% |
| 2026-01-09 | 48.27% |
| 2026-01-08 | 48.26% |
| 2026-01-07 | 48.26% |
| 2026-01-06 | 48.27% |
| 2026-01-05 | 48.26% |
| 2026-01-02 | 48.26% |
| 2025-12-31 | 48.26% |
| 2025-12-30 | 48.27% |
| 2025-12-29 | 48.25% |
| 2025-12-26 | 48.27% |
| 2025-12-24 | 48.25% |
| 2025-12-23 | 48.27% |
| 2025-12-22 | 48.26% |
| 2025-12-19 | 48.27% |
| 2025-12-18 | 48.26% |
| 2025-12-17 | 48.27% |
| 2025-12-16 | 48.26% |
| 2025-12-15 | 48.27% |
| 2025-12-12 | 48.26% |
| 2025-12-11 | 48.27% |
| 2025-12-10 | 48.26% |
| 2025-12-09 | 48.26% |
| 2025-12-08 | 48.27% |
| 2025-12-05 | 48.26% |
| 2025-12-04 | 48.25% |
| 2025-12-03 | 48.26% |
| 2025-12-02 | 48.27% |
| 2025-12-01 | 48.27% |
| 2025-11-28 | 48.26% |
| 2025-11-26 | 48.25% |
| 2025-11-25 | 48.25% |
| 2025-11-24 | 59.90% |
| 2025-11-21 | 46.53% |
| 2025-11-20 | 46.51% |
| 2025-11-19 | 46.52% |
| 2025-11-18 | 46.53% |
| 2025-11-17 | 46.53% |
| 2025-11-14 | 46.52% |
| 2025-11-13 | 47.67% |
| 2025-11-12 | 47.67% |
| 2025-11-11 | 47.66% |
| 2025-11-10 | 47.67% |
| 2025-11-07 | 47.66% |
| 2025-11-06 | 47.67% |
| 2025-11-05 | 47.67% |
| 2025-11-04 | 47.67% |
| 2025-11-03 | 47.68% |
| 2025-10-31 | 47.66% |
| 2025-10-30 | 47.68% |
| 2025-10-29 | 47.68% |
| 2025-10-28 | 47.67% |
| 2025-10-27 | 47.68% |
| 2025-10-24 | 47.67% |
| 2025-10-23 | 47.68% |
| 2025-10-22 | 47.67% |
| 2025-10-21 | 47.67% |
| 2025-10-20 | 47.68% |
| 2025-10-17 | 47.68% |
| 2025-10-16 | 47.67% |
| 2025-10-15 | 47.68% |
| 2025-10-14 | 47.68% |
| 2025-10-13 | 47.68% |
| 2025-10-10 | 47.68% |
| 2025-10-09 | 47.67% |
| 2025-10-08 | 47.68% |
| 2025-10-07 | 47.67% |
| 2025-10-06 | 47.67% |
| 2025-10-03 | 47.66% |
| 2025-10-02 | 47.67% |
| 2025-10-01 | 47.67% |
| 2025-09-30 | 47.67% |
| 2025-09-29 | 47.68% |
| 2025-09-26 | 47.68% |
| 2025-09-25 | 47.67% |
| 2025-09-24 | 47.68% |
| 2025-09-23 | 47.68% |
| 2025-09-22 | 47.66% |
| 2025-09-19 | 47.67% |
| 2025-09-18 | 47.67% |
| 2025-09-17 | 47.67% |
| 2025-09-16 | 47.68% |
| 2025-09-15 | 47.66% |
| 2025-09-12 | 47.66% |
| 2025-09-11 | 47.66% |
| 2025-09-10 | 47.66% |
| 2025-09-09 | 47.68% |
| 2025-09-08 | 47.68% |
| 2025-09-05 | 47.68% |
| 2025-09-04 | 47.66% |
| 2025-09-03 | 47.67% |
| 2025-09-02 | 47.68% |
| 2025-08-29 | 47.68% |
| 2025-08-28 | 47.67% |
| 2025-08-27 | 47.66% |
| 2025-08-26 | 47.67% |
| 2025-08-25 | 58.69% |
| 2025-08-22 | 46.78% |
| 2025-08-21 | 46.79% |
| 2025-08-20 | 46.78% |
| 2025-08-19 | 46.77% |
| 2025-08-18 | 46.78% |
| 2025-08-15 | 46.77% |
| 2025-08-14 | 46.79% |
| 2025-08-13 | 46.77% |
| 2025-08-12 | 46.78% |
| 2025-08-11 | 46.78% |
| 2025-08-08 | 46.79% |
| 2025-08-07 | 46.78% |
| 2025-08-06 | 46.78% |
| 2025-08-05 | 47.29% |
| 2025-08-04 | 47.29% |
| 2025-08-01 | 47.30% |
| 2025-07-31 | 47.31% |
| 2025-07-30 | 47.29% |
| 2025-07-29 | 47.30% |
| 2025-07-28 | 47.29% |
| 2025-07-25 | 47.29% |
| 2025-07-24 | 47.29% |
| 2025-07-23 | 47.30% |
| 2025-07-22 | 47.30% |
| 2025-07-21 | 47.29% |
| 2025-07-18 | 47.30% |
| 2025-07-17 | 47.31% |
| 2025-07-16 | 47.29% |
| 2025-07-15 | 47.29% |
| 2025-07-14 | 47.29% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 48.1% |
| 2019 | $4.36 | $2.15 | 49.3% |
| 2018 | $5.43 | $1.98 | 36.5% |
| 2017 | $3.73 | $1.83 | 49.2% |
| 2016 | $3.38 | $1.71 | 50.6% |
| 2015 | $3.09 | $1.59 | 51.5% |
| 2014 | $2.96 | $1.50 | 50.7% |
| 2013 | $2.68 | $1.42 | 53.0% |
| 2012 | $2.39 | $1.38 | 57.9% |
| 2011 | $2.28 | $1.36 | 59.9% |
| 2010 | $2.22 | $1.35 | 60.6% |
| 2009 | $2.10 | $1.32 | 63.1% |
| 2008 | $2.02 | $1.31 | 64.6% |
| 2007 | $1.94 | $1.28 | 66.2% |
| 2006 | $1.83 | $1.27 | 69.1% |
| 2005 | $1.69 | $1.24 | 73.7% |
| 2004 | $1.37 | $1.23 | 89.4% |
| 2003 | $1.39 | $1.20 | 86.7% |
| 2002 | $1.43 | $1.19 | 82.9% |
| 2001 | $1.47 | $1.16 | 79.3% |
| 2000 | $1.12 | $1.15 | 102.2% |
| 1999 | $0.58 | $1.11 | 191.4% |
| 1998 | $1.85 | $1.07 | 57.8% |
| 1997 | $0.81 | $1.02 | 125.9% |
| 1996 | $1.42 | $0.97 | 68.3% |
