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 44.82% is in line with its 5-year average of 47.78%, near the low end of its 5-year range (36.20%–600.02%).
As of Monday, October 5, 2026. 11.35% below its 12-month average of 50.56%.
Dividend Payout Ratio (44.82%) = TTM Dividends/Share ($1.08) / TTM EPS ($2.41)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
44.82%
DIVIDEND PAYOUT RATIO AVG TTM
50.56%
DIVIDEND PAYOUT RATIO AVG 3Y
50.22%
DIVIDEND PAYOUT RATIO AVG 5Y
47.78%
DIVIDEND PAYOUT RATIO AVG 10Y
44.77%
DIVIDEND PAYOUT RATIO AVG 15Y
44.90%
DIVIDEND PAYOUT RATIO AVG 20Y
45.12%
CURRENT VS TTM AVG
-11.35%
CURRENT VS 3Y AVG
-10.75%
CURRENT VS 5Y AVG
-6.19%
CURRENT VS 10Y AVG
+0.13%
CURRENT VS 15Y AVG
-0.16%
CURRENT VS 20Y AVG
-0.66%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $2.08 | $1.08 | 51.9% |
| 2024-12-31 | $1.83 | $1.08 | 59.0% |
| 2023-12-31 | $0.40 | $1.08 | 270.0% |
| 2022-12-31 | $2.95 | $1.06 | 35.9% |
| 2021-12-31 | $2.27 | $1.04 | 45.8% |
| 2020-12-31 | $2.09 |
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 | 44.82% |
| 2026-10-02 | 44.83% |
| 2026-10-01 | 44.80% |
| 2026-09-30 | 44.80% |
| 2026-09-29 | 44.81% |
| 2026-09-28 | 44.80% |
| 2026-09-25 | 44.82% |
| 2026-09-24 | 44.80% |
| 2026-09-23 | 44.79% |
| 2026-09-22 | 44.83% |
| 2026-09-21 | 44.81% |
| 2026-09-18 | 44.81% |
| 2026-09-17 | 44.83% |
| 2026-09-16 | 44.80% |
| 2026-09-15 | 44.83% |
| 2026-09-14 | 44.80% |
| 2026-09-11 | 44.80% |
| 2026-09-10 | 44.80% |
| 2026-09-09 | 44.83% |
| 2026-09-08 | 44.83% |
| 2026-09-04 | 44.80% |
| 2026-09-03 | 44.83% |
| 2026-09-02 | 44.83% |
| 2026-09-01 | 44.83% |
| 2026-08-31 | 44.80% |
| 2026-08-28 | 44.81% |
| 2026-08-27 | 44.81% |
| 2026-08-26 | 44.81% |
| 2026-08-25 | 44.80% |
| 2026-08-24 | 44.83% |
| 2026-08-21 | 44.81% |
| 2026-08-20 | 44.81% |
| 2026-08-19 | 44.80% |
| 2026-08-18 | 44.83% |
| 2026-08-17 | 44.83% |
| 2026-08-14 | 44.80% |
| 2026-08-13 | 44.83% |
| 2026-08-12 | 44.82% |
| 2026-08-11 | 47.58% |
| 2026-08-10 | 47.58% |
| 2026-08-07 | 47.59% |
| 2026-08-06 | 47.58% |
| 2026-08-05 | 47.58% |
| 2026-08-04 | 47.56% |
| 2026-08-03 | 47.56% |
| 2026-07-31 | 47.58% |
| 2026-07-30 | 47.57% |
| 2026-07-29 | 47.57% |
| 2026-07-28 | 47.59% |
| 2026-07-27 | 47.59% |
| 2026-07-24 | 47.59% |
| 2026-07-23 | 47.57% |
| 2026-07-22 | 47.59% |
| 2026-07-21 | 47.59% |
| 2026-07-20 | 47.58% |
| 2026-07-17 | 47.58% |
| 2026-07-16 | 47.59% |
| 2026-07-15 | 47.57% |
| 2026-07-14 | 47.56% |
| 2026-07-13 | 47.56% |
| 2026-07-10 | 47.58% |
| 2026-07-09 | 47.58% |
| 2026-07-08 | 47.59% |
| 2026-07-07 | 47.59% |
| 2026-07-06 | 47.59% |
| 2026-07-02 | 47.57% |
| 2026-07-01 | 47.59% |
| 2026-06-30 | 47.57% |
| 2026-06-29 | 47.56% |
| 2026-06-26 | 47.57% |
| 2026-06-25 | 47.59% |
| 2026-06-24 | 47.57% |
| 2026-06-23 | 47.57% |
| 2026-06-22 | 47.60% |
| 2026-06-18 | 47.58% |
| 2026-06-17 | 47.56% |
| 2026-06-16 | 47.56% |
| 2026-06-15 | 47.57% |
| 2026-06-12 | 47.60% |
| 2026-06-11 | 47.58% |
| 2026-06-10 | 47.58% |
| 2026-06-09 | 47.56% |
| 2026-06-08 | 47.60% |
| 2026-06-05 | 47.56% |
| 2026-06-04 | 47.59% |
| 2026-06-03 | 47.59% |
| 2026-06-02 | 47.56% |
| 2026-06-01 | 47.56% |
| 2026-05-29 | 47.56% |
| 2026-05-28 | 47.58% |
| 2026-05-27 | 47.56% |
| 2026-05-26 | 47.60% |
| 2026-05-22 | 47.56% |
| 2026-05-21 | 47.57% |
| 2026-05-20 | 47.57% |
| 2026-05-19 | 47.56% |
| 2026-05-18 | 47.59% |
| 2026-05-15 | 47.57% |
| 2026-05-14 | 47.60% |
| 2026-05-13 | 51.93% |
| 2026-05-12 | 51.91% |
| 2026-05-11 | 51.91% |
| 2026-05-08 | 51.93% |
| 2026-05-07 | 51.95% |
| 2026-05-06 | 51.91% |
| 2026-05-05 | 51.91% |
| 2026-05-04 | 51.94% |
| 2026-05-01 | 51.91% |
| 2026-04-30 | 51.90% |
| 2026-04-29 | 51.90% |
| 2026-04-28 | 51.91% |
| 2026-04-27 | 51.91% |
| 2026-04-24 | 51.93% |
| 2026-04-23 | 51.93% |
| 2026-04-22 | 51.92% |
| 2026-04-21 | 51.94% |
| 2026-04-20 | 51.91% |
| 2026-04-17 | 51.94% |
| 2026-04-16 | 51.93% |
| 2026-04-15 | 51.92% |
| 2026-04-14 | 51.93% |
| 2026-04-13 | 51.93% |
| 2026-04-10 | 51.93% |
| 2026-04-09 | 51.91% |
| 2026-04-08 | 51.91% |
| 2026-04-07 | 51.93% |
| 2026-04-06 | 51.90% |
| 2026-04-02 | 51.93% |
| 2026-04-01 | 51.91% |
| 2026-03-31 | 51.94% |
| 2026-03-30 | 51.90% |
| 2026-03-27 | 51.90% |
| 2026-03-26 | 51.91% |
| 2026-03-25 | 51.91% |
| 2026-03-24 | 51.91% |
| 2026-03-23 | 51.93% |
| 2026-03-20 | 51.92% |
| 2026-03-19 | 51.91% |
| 2026-03-18 | 51.91% |
| 2026-03-17 | 52.70% |
| 2026-03-16 | 52.69% |
| 2026-03-13 | 52.67% |
| 2026-03-12 | 52.67% |
| 2026-03-11 | 52.66% |
| 2026-03-10 | 52.66% |
| 2026-03-09 | 52.69% |
| 2026-03-06 | 52.69% |
| 2026-03-05 | 52.68% |
| 2026-03-04 | 52.68% |
| 2026-03-03 | 52.70% |
| 2026-03-02 | 52.66% |
| 2026-02-27 | 52.70% |
| 2026-02-26 | 52.69% |
| 2026-02-25 | 52.70% |
| 2026-02-24 | 52.67% |
| 2026-02-23 | 52.67% |
| 2026-02-20 | 52.68% |
| 2026-02-19 | 52.68% |
| 2026-02-18 | 52.70% |
| 2026-02-17 | 52.70% |
| 2026-02-13 | 52.70% |
| 2026-02-12 | 52.70% |
| 2026-02-11 | 52.70% |
| 2026-02-10 | 52.70% |
| 2026-02-09 | 52.68% |
| 2026-02-06 | 52.66% |
| 2026-02-05 | 52.68% |
| 2026-02-04 | 52.67% |
| 2026-02-03 | 52.70% |
| 2026-02-02 | 52.70% |
| 2026-01-30 | 52.70% |
| 2026-01-29 | 52.68% |
| 2026-01-28 | 52.68% |
| 2026-01-27 | 52.66% |
| 2026-01-26 | 52.68% |
| 2026-01-23 | 52.66% |
| 2026-01-22 | 52.66% |
| 2026-01-21 | 52.69% |
| 2026-01-20 | 52.70% |
| 2026-01-16 | 52.67% |
| 2026-01-15 | 52.69% |
| 2026-01-14 | 52.67% |
| 2026-01-13 | 52.70% |
| 2026-01-12 | 52.66% |
| 2026-01-09 | 52.70% |
| 2026-01-08 | 52.69% |
| 2026-01-07 | 52.67% |
| 2026-01-06 | 52.70% |
| 2026-01-05 | 52.70% |
| 2026-01-02 | 52.66% |
| 2025-12-31 | 52.70% |
| 2025-12-30 | 52.68% |
| 2025-12-29 | 52.68% |
| 2025-12-26 | 52.70% |
| 2025-12-24 | 52.69% |
| 2025-12-23 | 52.67% |
| 2025-12-22 | 52.69% |
| 2025-12-19 | 52.69% |
| 2025-12-18 | 52.70% |
| 2025-12-17 | 52.66% |
| 2025-12-16 | 52.69% |
| 2025-12-15 | 52.67% |
| 2025-12-12 | 52.70% |
| 2025-12-11 | 52.70% |
| 2025-12-10 | 52.68% |
| 2025-12-09 | 52.70% |
| 2025-12-08 | 52.70% |
| 2025-12-05 | 52.67% |
| 2025-12-04 | 52.70% |
| 2025-12-03 | 52.69% |
| 2025-12-02 | 52.67% |
| 2025-12-01 | 52.68% |
| 2025-11-28 | 52.70% |
| 2025-11-26 | 52.70% |
| 2025-11-25 | 52.68% |
| 2025-11-24 | 52.68% |
| 2025-11-21 | 52.68% |
| 2025-11-20 | 52.67% |
| 2025-11-19 | 52.69% |
| 2025-11-18 | 52.67% |
| 2025-11-17 | 52.67% |
| 2025-11-14 | 52.67% |
| 2025-11-13 | 52.69% |
| 2025-11-12 | 56.54% |
| 2025-11-11 | 56.53% |
| 2025-11-10 | 56.53% |
| 2025-11-07 | 56.53% |
| 2025-11-06 | 56.53% |
| 2025-11-05 | 56.55% |
| 2025-11-04 | 56.52% |
| 2025-11-03 | 56.53% |
| 2025-10-31 | 56.53% |
| 2025-10-30 | 56.53% |
| 2025-10-29 | 56.54% |
| 2025-10-28 | 56.54% |
| 2025-10-27 | 56.54% |
| 2025-10-24 | 56.55% |
| 2025-10-23 | 56.53% |
| 2025-10-22 | 56.53% |
| 2025-10-21 | 56.53% |
| 2025-10-20 | 56.53% |
| 2025-10-17 | 56.53% |
| 2025-10-16 | 56.53% |
| 2025-10-15 | 56.56% |
| 2025-10-14 | 56.55% |
| 2025-10-13 | 56.55% |
| 2025-10-10 | 56.55% |
| 2025-10-09 | 56.56% |
| 2025-10-08 | 56.54% |
| 2025-10-07 | 56.56% |
| 2025-10-06 | 56.53% |
| 2025-10-03 | 56.53% |
| 2025-10-02 | 56.55% |
| 2025-10-01 | 56.55% |
| 2025-09-30 | 56.54% |
| 2025-09-29 | 56.54% |
| 2025-09-26 | 56.55% |
| 2025-09-25 | 56.56% |
| 2025-09-24 | 56.54% |
| 2025-09-23 | 56.53% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| $1.02 |
| 48.8% |
| 2019-12-31 | $2.72 | $1.00 | 36.8% |
| 2018-12-31 | $2.42 | $0.96 | 39.7% |
| 2017-12-31 | $2.15 | $0.92 | 42.8% |
| 2016-12-31 | $2.24 | $0.90 | 40.2% |
| 2015-12-31 | $2.16 | $0.88 | 40.7% |
| 2014-12-31 | $2.04 | $0.86 | 42.2% |
| 2013-12-31 | $1.95 | $0.84 | 43.1% |
| 2012-12-31 | $1.86 | $0.82 | 44.1% |
| 2011-12-31 | $1.52 | $0.80 | 52.6% |
| 2010-12-31 | $1.47 | $0.78 | 53.1% |
| 2009-12-31 | $0.66 | $0.76 | 115.2% |
| 2008-12-31 | $1.81 | $0.74 | 40.9% |
| 2007-12-31 | $1.86 | $0.70 | 37.6% |
| 2006-12-31 | $1.74 | $0.64 | 36.8% |
| 2005-12-31 | $1.69 | $0.58 | 34.3% |
| 2004-12-31 | $1.68 | $0.50 | 29.8% |
| 2003-12-31 | $1.39 | $0.48 | 34.5% |
| 2002-12-31 | $1.30 | $0.44 | 33.8% |
| 2001-12-31 | $1.17 | $0.40 | 34.2% |
| 2000-12-31 | $0.77 | $0.40 | 51.9% |
| 1999-12-31 | $0.74 | $0.32 | 43.2% |
| 1998-12-31 | $0.88 | $0.18 | 20.8% |
| 1997-12-31 | $0.79 | $0.16 | 20.3% |
| 1996-12-31 | $0.70 | $0.22 | 31.0% |
