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 25.81% is in line with its 5-year average of 28.43%, near the low end of its 5-year range (21.91%–38.59%).
As of Sunday, July 26, 2026. 11.38% below its 12-month average of 29.13%.
Dividend Payout Ratio (25.81%) = TTM Dividends/Share ($1.12) / TTM EPS ($4.34)
DIVIDEND PAYOUT RATIO
25.81%
DIVIDEND PAYOUT RATIO AVG TTM
29.13%
DIVIDEND PAYOUT RATIO AVG 3Y
29.54%
DIVIDEND PAYOUT RATIO AVG 5Y
28.42%
DIVIDEND PAYOUT RATIO AVG 10Y
26.84%
DIVIDEND PAYOUT RATIO AVG 15Y
23.49%
DIVIDEND PAYOUT RATIO AVG 20Y
23.50%
CURRENT VS TTM AVG
-11.38%
CURRENT VS 3Y AVG
-12.61%
CURRENT VS 5Y AVG
-9.17%
CURRENT VS 10Y AVG
-3.82%
CURRENT VS 15Y AVG
+9.89%
CURRENT VS 20Y AVG
+9.83%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.88 | $1.08 | 27.8% |
| 2024 | $3.25 | $1.00 | 30.8% |
| 2023 | $3.10 | $0.92 | 29.7% |
| 2022 | $3.21 | $0.86 | 26.8% |
| 2021 | $3.60 | $0.78 | 21.7% |
| 2020 | $1.88 | $0.72 |
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 | 25.81% |
| 2026-07-23 | 25.81% |
| 2026-07-22 | 25.81% |
| 2026-07-21 | 25.81% |
| 2026-07-20 | 25.80% |
| 2026-07-17 | 25.81% |
| 2026-07-16 | 25.81% |
| 2026-07-15 | 25.80% |
| 2026-07-14 | 25.81% |
| 2026-07-13 | 27.78% |
| 2026-07-10 | 27.80% |
| 2026-07-09 | 27.79% |
| 2026-07-08 | 27.80% |
| 2026-07-07 | 27.78% |
| 2026-07-06 | 27.78% |
| 2026-07-02 | 27.79% |
| 2026-07-01 | 27.79% |
| 2026-06-30 | 27.79% |
| 2026-06-29 | 27.79% |
| 2026-06-26 | 27.79% |
| 2026-06-25 | 27.79% |
| 2026-06-24 | 27.80% |
| 2026-06-23 | 27.79% |
| 2026-06-22 | 27.80% |
| 2026-06-18 | 27.80% |
| 2026-06-17 | 27.80% |
| 2026-06-16 | 27.78% |
| 2026-06-15 | 27.78% |
| 2026-06-12 | 27.79% |
| 2026-06-11 | 27.80% |
| 2026-06-10 | 27.78% |
| 2026-06-09 | 27.78% |
| 2026-06-08 | 27.80% |
| 2026-06-05 | 34.25% |
| 2026-06-04 | 27.29% |
| 2026-06-03 | 27.29% |
| 2026-06-02 | 27.29% |
| 2026-06-01 | 27.29% |
| 2026-05-29 | 27.29% |
| 2026-05-28 | 27.30% |
| 2026-05-27 | 27.30% |
| 2026-05-26 | 27.29% |
| 2026-05-22 | 27.29% |
| 2026-05-21 | 27.30% |
| 2026-05-20 | 27.29% |
| 2026-05-19 | 27.29% |
| 2026-05-18 | 27.30% |
| 2026-05-15 | 27.30% |
| 2026-05-14 | 27.30% |
| 2026-05-13 | 27.30% |
| 2026-05-12 | 27.29% |
| 2026-05-11 | 27.29% |
| 2026-05-08 | 27.29% |
| 2026-05-07 | 27.30% |
| 2026-05-06 | 27.29% |
| 2026-05-05 | 27.29% |
| 2026-05-04 | 27.29% |
| 2026-05-01 | 27.29% |
| 2026-04-30 | 28.79% |
| 2026-04-29 | 28.79% |
| 2026-04-28 | 28.81% |
| 2026-04-27 | 28.80% |
| 2026-04-24 | 28.80% |
| 2026-04-23 | 28.81% |
| 2026-04-22 | 28.80% |
| 2026-04-21 | 28.80% |
| 2026-04-20 | 28.79% |
| 2026-04-17 | 28.79% |
| 2026-04-16 | 28.80% |
| 2026-04-15 | 28.80% |
| 2026-04-14 | 28.80% |
| 2026-04-13 | 28.80% |
| 2026-04-10 | 28.79% |
| 2026-04-09 | 28.80% |
| 2026-04-08 | 28.79% |
| 2026-04-07 | 28.79% |
| 2026-04-06 | 28.79% |
| 2026-04-02 | 28.80% |
| 2026-04-01 | 28.80% |
| 2026-03-31 | 28.79% |
| 2026-03-30 | 28.79% |
| 2026-03-27 | 28.81% |
| 2026-03-26 | 28.80% |
| 2026-03-25 | 28.79% |
| 2026-03-24 | 28.79% |
| 2026-03-23 | 28.80% |
| 2026-03-20 | 28.81% |
| 2026-03-19 | 28.80% |
| 2026-03-18 | 28.80% |
| 2026-03-17 | 28.80% |
| 2026-03-16 | 28.80% |
| 2026-03-13 | 28.79% |
| 2026-03-12 | 28.80% |
| 2026-03-11 | 28.79% |
| 2026-03-10 | 28.79% |
| 2026-03-09 | 28.80% |
| 2026-03-06 | 35.59% |
| 2026-03-05 | 28.27% |
| 2026-03-04 | 28.28% |
| 2026-03-03 | 28.27% |
| 2026-03-02 | 28.27% |
| 2026-02-27 | 28.26% |
| 2026-02-26 | 28.27% |
| 2026-02-25 | 28.27% |
| 2026-02-24 | 29.44% |
| 2026-02-23 | 29.44% |
| 2026-02-20 | 29.43% |
| 2026-02-19 | 29.43% |
| 2026-02-18 | 29.43% |
| 2026-02-17 | 29.43% |
| 2026-02-13 | 29.43% |
| 2026-02-12 | 29.43% |
| 2026-02-11 | 29.43% |
| 2026-02-10 | 29.42% |
| 2026-02-09 | 29.43% |
| 2026-02-06 | 29.42% |
| 2026-02-05 | 29.43% |
| 2026-02-04 | 29.43% |
| 2026-02-03 | 29.43% |
| 2026-02-02 | 29.42% |
| 2026-01-30 | 29.44% |
| 2026-01-29 | 29.42% |
| 2026-01-28 | 29.43% |
| 2026-01-27 | 29.44% |
| 2026-01-26 | 29.42% |
| 2026-01-23 | 29.42% |
| 2026-01-22 | 29.42% |
| 2026-01-21 | 29.43% |
| 2026-01-20 | 29.44% |
| 2026-01-16 | 29.42% |
| 2026-01-15 | 29.42% |
| 2026-01-14 | 29.43% |
| 2026-01-13 | 29.43% |
| 2026-01-12 | 29.43% |
| 2026-01-09 | 29.43% |
| 2026-01-08 | 29.43% |
| 2026-01-07 | 29.43% |
| 2026-01-06 | 29.43% |
| 2026-01-05 | 29.43% |
| 2026-01-02 | 29.44% |
| 2025-12-31 | 29.43% |
| 2025-12-30 | 29.42% |
| 2025-12-29 | 29.42% |
| 2025-12-26 | 29.44% |
| 2025-12-24 | 29.43% |
| 2025-12-23 | 29.43% |
| 2025-12-22 | 29.44% |
| 2025-12-19 | 29.43% |
| 2025-12-18 | 29.42% |
| 2025-12-17 | 29.42% |
| 2025-12-16 | 29.42% |
| 2025-12-15 | 29.44% |
| 2025-12-12 | 29.42% |
| 2025-12-11 | 29.43% |
| 2025-12-10 | 29.44% |
| 2025-12-09 | 29.43% |
| 2025-12-08 | 29.43% |
| 2025-12-05 | 36.51% |
| 2025-12-04 | 28.89% |
| 2025-12-03 | 28.89% |
| 2025-12-02 | 28.88% |
| 2025-12-01 | 28.89% |
| 2025-11-28 | 28.89% |
| 2025-11-26 | 28.89% |
| 2025-11-25 | 28.88% |
| 2025-11-24 | 28.88% |
| 2025-11-21 | 28.88% |
| 2025-11-20 | 28.89% |
| 2025-11-19 | 28.87% |
| 2025-11-18 | 28.88% |
| 2025-11-17 | 28.89% |
| 2025-11-14 | 28.89% |
| 2025-11-13 | 28.89% |
| 2025-11-12 | 28.88% |
| 2025-11-11 | 28.88% |
| 2025-11-10 | 28.89% |
| 2025-11-07 | 28.89% |
| 2025-11-06 | 28.88% |
| 2025-11-05 | 28.88% |
| 2025-11-04 | 28.89% |
| 2025-11-03 | 28.87% |
| 2025-10-31 | 28.87% |
| 2025-10-30 | 31.00% |
| 2025-10-29 | 30.99% |
| 2025-10-28 | 31.00% |
| 2025-10-27 | 30.99% |
| 2025-10-24 | 30.99% |
| 2025-10-23 | 30.98% |
| 2025-10-22 | 30.99% |
| 2025-10-21 | 30.99% |
| 2025-10-20 | 31.00% |
| 2025-10-17 | 30.99% |
| 2025-10-16 | 31.00% |
| 2025-10-15 | 31.00% |
| 2025-10-14 | 31.00% |
| 2025-10-13 | 31.00% |
| 2025-10-10 | 31.00% |
| 2025-10-09 | 31.00% |
| 2025-10-08 | 30.99% |
| 2025-10-07 | 30.98% |
| 2025-10-06 | 30.99% |
| 2025-10-03 | 31.00% |
| 2025-10-02 | 30.99% |
| 2025-10-01 | 31.00% |
| 2025-09-30 | 30.98% |
| 2025-09-29 | 31.00% |
| 2025-09-26 | 31.00% |
| 2025-09-25 | 30.99% |
| 2025-09-24 | 31.00% |
| 2025-09-23 | 31.00% |
| 2025-09-22 | 30.99% |
| 2025-09-19 | 31.00% |
| 2025-09-18 | 30.99% |
| 2025-09-17 | 31.00% |
| 2025-09-16 | 30.99% |
| 2025-09-15 | 30.99% |
| 2025-09-12 | 31.00% |
| 2025-09-11 | 31.00% |
| 2025-09-10 | 31.00% |
| 2025-09-09 | 30.98% |
| 2025-09-08 | 30.99% |
| 2025-09-05 | 38.59% |
| 2025-09-04 | 30.41% |
| 2025-09-03 | 30.41% |
| 2025-09-02 | 30.40% |
| 2025-08-29 | 30.42% |
| 2025-08-28 | 30.40% |
| 2025-08-27 | 30.41% |
| 2025-08-26 | 30.40% |
| 2025-08-25 | 30.41% |
| 2025-08-22 | 30.41% |
| 2025-08-21 | 30.41% |
| 2025-08-20 | 30.41% |
| 2025-08-19 | 30.41% |
| 2025-08-18 | 30.41% |
| 2025-08-15 | 30.42% |
| 2025-08-14 | 30.41% |
| 2025-08-13 | 30.40% |
| 2025-08-12 | 30.41% |
| 2025-08-11 | 30.42% |
| 2025-08-08 | 30.40% |
| 2025-08-07 | 30.40% |
| 2025-08-06 | 30.41% |
| 2025-08-05 | 30.41% |
| 2025-08-04 | 30.42% |
| 2025-08-01 | 30.41% |
| 2025-07-31 | 30.41% |
| 2025-07-30 | 30.94% |
| 2025-07-29 | 30.95% |
| 2025-07-28 | 30.94% |
| 2025-07-25 | 30.95% |
| 2025-07-24 | 30.95% |
| 2025-07-23 | 30.96% |
| 2025-07-22 | 30.96% |
| 2025-07-21 | 30.95% |
| 2025-07-18 | 30.95% |
| 2025-07-17 | 30.94% |
| 2025-07-16 | 30.95% |
| 2025-07-15 | 30.96% |
| 2025-07-14 | 30.95% |
Showing the most recent 260 of 2,338 data points. The chart above shows the full history.
| 38.3% |
| 2019 | $2.77 | $0.66 | 23.8% |
| 2018 | $2.64 | $0.54 | 20.5% |
| 2017 | $1.63 | $0.39 | 23.9% |
| 2016 | $1.58 | $0.25 | 15.8% |
| 2015 | $1.38 | $0.20 | 14.5% |
| 2014 | $0.36 | $0.12 | 33.3% |
| 2013 | $0.94 | $0.04 | 4.3% |
| 2012 | $0.26 | $0.04 | 15.4% |
| 2011 | $0.01 | $0.04 | 400.0% |
| 2010 | ($0.37) | $0.04 | N/A (Loss) |
| 2009 | ($0.29) | $0.04 | N/A (Loss) |
| 2008 | $0.56 | $2.24 | 400.0% |
| 2007 | $3.32 | $2.40 | 72.3% |
| 2006 | $4.66 | $2.12 | 45.5% |
| 2005 | $4.10 | $1.90 | 46.3% |
| 2004 | $3.71 | $1.70 | 45.8% |
| 2003 | $3.64 | $1.44 | 39.6% |
| 2002 | $3.04 | $1.22 | 40.1% |
| 2001 | $2.13 | $1.14 | 53.5% |
| 2000 | $2.28 | $1.03 | 45.2% |
| 1999 | $2.28 | $0.93 | 40.6% |
| 1998 | $1.49 | $0.80 | 53.4% |
| 1997 | $1.86 | $0.69 | 36.8% |
| 1996 | $2.00 | $0.60 | 30.0% |
