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 87.80% is in line with its 5-year average of 89.47%, around the middle of its 5-year range (61.79%–136.61%).
As of Monday, July 27, 2026. 2.34% above its 12-month average of 85.79%.
Dividend Payout Ratio (87.80%) = TTM Dividends/Share ($7.06) / TTM EPS ($8.04)
DIVIDEND PAYOUT RATIO
87.80%
DIVIDEND PAYOUT RATIO AVG TTM
85.79%
DIVIDEND PAYOUT RATIO AVG 3Y
89.37%
DIVIDEND PAYOUT RATIO AVG 5Y
88.20%
DIVIDEND PAYOUT RATIO AVG 10Y
90.38%
DIVIDEND PAYOUT RATIO AVG 15Y
88.64%
DIVIDEND PAYOUT RATIO AVG 20Y
92.40%
CURRENT VS TTM AVG
+2.34%
CURRENT VS 3Y AVG
-1.76%
CURRENT VS 5Y AVG
-0.46%
CURRENT VS 10Y AVG
-2.85%
CURRENT VS 15Y AVG
-0.95%
CURRENT VS 20Y AVG
-4.98%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $7.40 | $7.00 | 94.6% |
| 2024 | $7.61 | $6.80 | 89.4% |
| 2023 | $6.57 | $6.60 | 100.5% |
| 2022 | $8.13 | $6.36 | 78.2% |
| 2021 | $7.19 | $6.36 | 88.5% |
| 2020 | $5.89 | $6.36 |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-07-24 | 87.80% |
| 2026-07-23 | 87.81% |
| 2026-07-22 | 87.83% |
| 2026-07-21 | 87.80% |
| 2026-07-20 | 87.81% |
| 2026-07-17 | 87.82% |
| 2026-07-16 | 87.83% |
| 2026-07-15 | 87.82% |
| 2026-07-14 | 87.81% |
| 2026-07-13 | 87.83% |
| 2026-07-10 | 87.81% |
| 2026-07-09 | 87.79% |
| 2026-07-08 | 87.80% |
| 2026-07-07 | 87.80% |
| 2026-07-06 | 87.80% |
| 2026-07-02 | 87.80% |
| 2026-07-01 | 87.83% |
| 2026-06-30 | 87.82% |
| 2026-06-29 | 87.44% |
| 2026-06-26 | 87.45% |
| 2026-06-25 | 87.44% |
| 2026-06-24 | 87.45% |
| 2026-06-23 | 87.45% |
| 2026-06-22 | 87.42% |
| 2026-06-18 | 87.42% |
| 2026-06-17 | 87.43% |
| 2026-06-16 | 87.45% |
| 2026-06-15 | 87.46% |
| 2026-06-12 | 87.43% |
| 2026-06-11 | 87.44% |
| 2026-06-10 | 87.45% |
| 2026-06-09 | 87.44% |
| 2026-06-08 | 87.42% |
| 2026-06-05 | 87.45% |
| 2026-06-04 | 87.43% |
| 2026-06-03 | 87.42% |
| 2026-06-02 | 87.44% |
| 2026-06-01 | 87.46% |
| 2026-05-29 | 87.44% |
| 2026-05-28 | 87.44% |
| 2026-05-27 | 87.43% |
| 2026-05-26 | 87.43% |
| 2026-05-22 | 87.43% |
| 2026-05-21 | 87.44% |
| 2026-05-20 | 87.44% |
| 2026-05-19 | 87.42% |
| 2026-05-18 | 87.43% |
| 2026-05-15 | 87.43% |
| 2026-05-14 | 87.44% |
| 2026-05-13 | 87.43% |
| 2026-05-12 | 87.43% |
| 2026-05-11 | 87.43% |
| 2026-05-08 | 87.45% |
| 2026-05-07 | 87.44% |
| 2026-05-06 | 95.13% |
| 2026-05-05 | 95.14% |
| 2026-05-04 | 95.14% |
| 2026-05-01 | 95.11% |
| 2026-04-30 | 95.12% |
| 2026-04-29 | 95.13% |
| 2026-04-28 | 95.13% |
| 2026-04-27 | 95.12% |
| 2026-04-24 | 95.14% |
| 2026-04-23 | 95.14% |
| 2026-04-22 | 95.12% |
| 2026-04-21 | 95.11% |
| 2026-04-20 | 95.11% |
| 2026-04-17 | 95.13% |
| 2026-04-16 | 95.11% |
| 2026-04-15 | 95.13% |
| 2026-04-14 | 95.13% |
| 2026-04-13 | 95.12% |
| 2026-04-10 | 95.11% |
| 2026-04-09 | 95.12% |
| 2026-04-08 | 95.12% |
| 2026-04-07 | 95.14% |
| 2026-04-06 | 95.14% |
| 2026-04-02 | 95.15% |
| 2026-04-01 | 95.11% |
| 2026-03-31 | 95.11% |
| 2026-03-30 | 94.71% |
| 2026-03-27 | 94.72% |
| 2026-03-26 | 94.71% |
| 2026-03-25 | 94.70% |
| 2026-03-24 | 94.71% |
| 2026-03-23 | 94.71% |
| 2026-03-20 | 94.74% |
| 2026-03-19 | 94.72% |
| 2026-03-18 | 94.73% |
| 2026-03-17 | 94.72% |
| 2026-03-16 | 94.73% |
| 2026-03-13 | 94.71% |
| 2026-03-12 | 94.70% |
| 2026-03-11 | 94.72% |
| 2026-03-10 | 94.74% |
| 2026-03-09 | 94.71% |
| 2026-03-06 | 94.72% |
| 2026-03-05 | 94.72% |
| 2026-03-04 | 94.72% |
| 2026-03-03 | 94.70% |
| 2026-03-02 | 94.71% |
| 2026-02-27 | 94.71% |
| 2026-02-26 | 85.36% |
| 2026-02-25 | 85.36% |
| 2026-02-24 | 85.38% |
| 2026-02-23 | 85.38% |
| 2026-02-20 | 85.35% |
| 2026-02-19 | 85.35% |
| 2026-02-18 | 85.35% |
| 2026-02-17 | 85.35% |
| 2026-02-13 | 85.38% |
| 2026-02-12 | 85.35% |
| 2026-02-11 | 85.36% |
| 2026-02-10 | 85.37% |
| 2026-02-09 | 85.35% |
| 2026-02-06 | 85.37% |
| 2026-02-05 | 85.39% |
| 2026-02-04 | 85.35% |
| 2026-02-03 | 85.35% |
| 2026-02-02 | 85.36% |
| 2026-01-30 | 85.38% |
| 2026-01-29 | 85.38% |
| 2026-01-28 | 85.35% |
| 2026-01-27 | 85.38% |
| 2026-01-26 | 85.37% |
| 2026-01-23 | 85.36% |
| 2026-01-22 | 85.35% |
| 2026-01-21 | 85.35% |
| 2026-01-20 | 85.37% |
| 2026-01-16 | 85.38% |
| 2026-01-15 | 85.37% |
| 2026-01-14 | 85.36% |
| 2026-01-13 | 85.38% |
| 2026-01-12 | 85.35% |
| 2026-01-09 | 85.35% |
| 2026-01-08 | 85.37% |
| 2026-01-07 | 85.36% |
| 2026-01-06 | 85.38% |
| 2026-01-05 | 85.38% |
| 2026-01-02 | 85.37% |
| 2025-12-31 | 85.36% |
| 2025-12-30 | 84.75% |
| 2025-12-29 | 84.77% |
| 2025-12-26 | 84.75% |
| 2025-12-24 | 84.77% |
| 2025-12-23 | 84.75% |
| 2025-12-22 | 84.76% |
| 2025-12-19 | 84.78% |
| 2025-12-18 | 84.75% |
| 2025-12-17 | 84.74% |
| 2025-12-16 | 84.76% |
| 2025-12-15 | 84.75% |
| 2025-12-12 | 84.74% |
| 2025-12-11 | 84.75% |
| 2025-12-10 | 84.74% |
| 2025-12-09 | 84.76% |
| 2025-12-08 | 84.76% |
| 2025-12-05 | 84.76% |
| 2025-12-04 | 84.75% |
| 2025-12-03 | 84.77% |
| 2025-12-02 | 84.76% |
| 2025-12-01 | 84.76% |
| 2025-11-28 | 84.76% |
| 2025-11-26 | 84.76% |
| 2025-11-25 | 84.75% |
| 2025-11-24 | 84.75% |
| 2025-11-21 | 84.74% |
| 2025-11-20 | 84.76% |
| 2025-11-19 | 84.75% |
| 2025-11-18 | 84.77% |
| 2025-11-17 | 84.77% |
| 2025-11-14 | 84.75% |
| 2025-11-13 | 84.74% |
| 2025-11-12 | 84.74% |
| 2025-11-11 | 84.76% |
| 2025-11-10 | 84.74% |
| 2025-11-07 | 84.75% |
| 2025-11-06 | 84.75% |
| 2025-11-05 | 85.48% |
| 2025-11-04 | 85.50% |
| 2025-11-03 | 85.48% |
| 2025-10-31 | 85.48% |
| 2025-10-30 | 85.49% |
| 2025-10-29 | 85.47% |
| 2025-10-28 | 85.50% |
| 2025-10-27 | 85.49% |
| 2025-10-24 | 85.49% |
| 2025-10-23 | 85.48% |
| 2025-10-22 | 85.50% |
| 2025-10-21 | 85.50% |
| 2025-10-20 | 85.50% |
| 2025-10-17 | 85.47% |
| 2025-10-16 | 85.49% |
| 2025-10-15 | 85.48% |
| 2025-10-14 | 85.50% |
| 2025-10-13 | 85.50% |
| 2025-10-10 | 85.50% |
| 2025-10-09 | 85.49% |
| 2025-10-08 | 85.49% |
| 2025-10-07 | 85.50% |
| 2025-10-06 | 85.48% |
| 2025-10-03 | 85.50% |
| 2025-10-02 | 85.48% |
| 2025-10-01 | 85.49% |
| 2025-09-30 | 85.49% |
| 2025-09-29 | 84.88% |
| 2025-09-26 | 84.88% |
| 2025-09-25 | 84.86% |
| 2025-09-24 | 84.87% |
| 2025-09-23 | 84.87% |
| 2025-09-22 | 84.87% |
| 2025-09-19 | 84.86% |
| 2025-09-18 | 84.88% |
| 2025-09-17 | 84.86% |
| 2025-09-16 | 84.87% |
| 2025-09-15 | 84.87% |
| 2025-09-12 | 84.86% |
| 2025-09-11 | 84.87% |
| 2025-09-10 | 84.85% |
| 2025-09-09 | 84.85% |
| 2025-09-08 | 84.87% |
| 2025-09-05 | 84.89% |
| 2025-09-04 | 84.85% |
| 2025-09-03 | 84.86% |
| 2025-09-02 | 84.87% |
| 2025-08-29 | 84.87% |
| 2025-08-28 | 84.88% |
| 2025-08-27 | 84.88% |
| 2025-08-26 | 84.88% |
| 2025-08-25 | 84.87% |
| 2025-08-22 | 84.89% |
| 2025-08-21 | 84.86% |
| 2025-08-20 | 84.88% |
| 2025-08-19 | 84.88% |
| 2025-08-18 | 84.85% |
| 2025-08-15 | 84.87% |
| 2025-08-14 | 84.88% |
| 2025-08-13 | 84.87% |
| 2025-08-12 | 84.86% |
| 2025-08-11 | 84.89% |
| 2025-08-08 | 84.86% |
| 2025-08-07 | 84.86% |
| 2025-08-06 | 85.94% |
| 2025-08-05 | 85.92% |
| 2025-08-04 | 85.91% |
| 2025-08-01 | 85.93% |
| 2025-07-31 | 85.94% |
| 2025-07-30 | 85.94% |
| 2025-07-29 | 85.94% |
| 2025-07-28 | 85.92% |
| 2025-07-25 | 85.91% |
| 2025-07-24 | 85.91% |
| 2025-07-23 | 85.93% |
| 2025-07-22 | 85.93% |
| 2025-07-21 | 85.91% |
| 2025-07-18 | 85.91% |
| 2025-07-17 | 85.92% |
| 2025-07-16 | 85.93% |
| 2025-07-15 | 85.92% |
| 2025-07-14 | 85.93% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 108.0% |
| 2019 | $5.64 | $6.08 | 107.8% |
| 2018 | $7.05 | $5.88 | 83.4% |
| 2017 | $6.36 | $5.68 | 89.3% |
| 2016 | $7.53 | $5.40 | 71.7% |
| 2015 | $5.54 | $5.00 | 90.3% |
| 2014 | $5.22 | $4.64 | 88.9% |
| 2013 | $2.78 | $4.28 | 154.0% |
| 2012 | $4.34 | $3.88 | 89.4% |
| 2011 | $4.89 | $3.57 | 73.0% |
| 2010 | $2.08 | $3.57 | 171.6% |
| 2009 | $1.94 | $3.57 | 184.0% |
| 2008 | $5.22 | $5.38 | 103.0% |
| 2007 | $4.44 | $3.40 | 76.6% |
| 2006 | $3.48 | $3.12 | 89.7% |
| 2005 | $4.14 | $2.84 | 68.6% |
| 2004 | $2.95 | $2.80 | 94.9% |
| 2003 | $3.80 | $2.80 | 73.7% |
| 2002 | $2.26 | $2.80 | 123.9% |
| 2001 | $3.08 | $2.56 | 83.1% |
| 2000 | $2.58 | $2.24 | 86.8% |
| 1999 | $2.05 | $2.06 | 100.5% |
| 1998 | $1.87 | $1.95 | 104.3% |
| 1997 | $1.60 | $1.66 | 103.7% |
| 1996 | $1.02 | $1.61 | 157.8% |
