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 23.18% is 20% below its 5-year average of 28.91%, around the middle of its 5-year range (4.48%–56.34%).
As of Thursday, July 30, 2026. 25.93% below its 12-month average of 31.30%.
Dividend Payout Ratio (23.18%) = TTM Dividends/Share ($0.80) / TTM EPS ($3.45)
DIVIDEND PAYOUT RATIO
23.18%
DIVIDEND PAYOUT RATIO AVG TTM
31.30%
DIVIDEND PAYOUT RATIO AVG 3Y
27.49%
DIVIDEND PAYOUT RATIO AVG 5Y
27.76%
DIVIDEND PAYOUT RATIO AVG 10Y
32.24%
DIVIDEND PAYOUT RATIO AVG 15Y
27.11%
DIVIDEND PAYOUT RATIO AVG 20Y
23.44%
CURRENT VS TTM AVG
-25.93%
CURRENT VS 3Y AVG
-15.66%
CURRENT VS 5Y AVG
-16.47%
CURRENT VS 10Y AVG
-28.09%
CURRENT VS 15Y AVG
-14.49%
CURRENT VS 20Y AVG
-1.11%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.33 | $0.80 | 24.0% |
| 2024 | $13.12 | $0.80 | 6.1% |
| 2023 | $2.25 | $0.80 | 35.6% |
| 2022 | $2.27 | $0.80 | 35.2% |
| 2021 | $2.69 | $0.70 | 26.0% |
| 2020 | $1.79 | $0.60 |
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 |
|---|---|
| 2026-07-29 | 23.18% |
| 2026-07-28 | 23.19% |
| 2026-07-27 | 23.18% |
| 2026-07-24 | 23.18% |
| 2026-07-23 | 23.19% |
| 2026-07-22 | 23.19% |
| 2026-07-21 | 23.19% |
| 2026-07-20 | 23.18% |
| 2026-07-17 | 23.19% |
| 2026-07-16 | 23.18% |
| 2026-07-15 | 23.18% |
| 2026-07-14 | 23.18% |
| 2026-07-13 | 23.19% |
| 2026-07-10 | 23.19% |
| 2026-07-09 | 23.19% |
| 2026-07-08 | 23.19% |
| 2026-07-07 | 23.19% |
| 2026-07-06 | 23.19% |
| 2026-07-02 | 23.18% |
| 2026-07-01 | 23.19% |
| 2026-06-30 | 23.19% |
| 2026-06-29 | 23.19% |
| 2026-06-26 | 23.19% |
| 2026-06-25 | 23.19% |
| 2026-06-24 | 23.19% |
| 2026-06-23 | 23.18% |
| 2026-06-22 | 23.19% |
| 2026-06-18 | 23.19% |
| 2026-06-17 | 23.19% |
| 2026-06-16 | 23.19% |
| 2026-06-15 | 23.18% |
| 2026-06-12 | 23.19% |
| 2026-06-11 | 23.19% |
| 2026-06-10 | 23.19% |
| 2026-06-09 | 23.18% |
| 2026-06-08 | 23.19% |
| 2026-06-05 | 23.19% |
| 2026-06-04 | 23.20% |
| 2026-06-03 | 23.18% |
| 2026-06-02 | 23.19% |
| 2026-06-01 | 28.99% |
| 2026-05-29 | 23.19% |
| 2026-05-28 | 23.19% |
| 2026-05-27 | 23.19% |
| 2026-05-26 | 23.19% |
| 2026-05-22 | 23.19% |
| 2026-05-21 | 23.18% |
| 2026-05-20 | 23.19% |
| 2026-05-19 | 23.18% |
| 2026-05-18 | 23.18% |
| 2026-05-15 | 23.19% |
| 2026-05-14 | 23.19% |
| 2026-05-13 | 23.19% |
| 2026-05-12 | 23.19% |
| 2026-05-11 | 23.19% |
| 2026-05-08 | 23.19% |
| 2026-05-07 | 23.19% |
| 2026-05-06 | 23.19% |
| 2026-05-05 | 23.18% |
| 2026-05-04 | 24.17% |
| 2026-05-01 | 24.17% |
| 2026-04-30 | 24.17% |
| 2026-04-29 | 24.16% |
| 2026-04-28 | 24.17% |
| 2026-04-27 | 24.17% |
| 2026-04-24 | 24.17% |
| 2026-04-23 | 24.17% |
| 2026-04-22 | 24.16% |
| 2026-04-21 | 24.17% |
| 2026-04-20 | 24.16% |
| 2026-04-17 | 24.17% |
| 2026-04-16 | 24.18% |
| 2026-04-15 | 24.17% |
| 2026-04-14 | 24.17% |
| 2026-04-13 | 24.16% |
| 2026-04-10 | 24.17% |
| 2026-04-09 | 24.16% |
| 2026-04-08 | 24.17% |
| 2026-04-07 | 24.16% |
| 2026-04-06 | 24.18% |
| 2026-04-02 | 24.17% |
| 2026-04-01 | 24.17% |
| 2026-03-31 | 24.17% |
| 2026-03-30 | 24.17% |
| 2026-03-27 | 24.17% |
| 2026-03-26 | 24.17% |
| 2026-03-25 | 24.16% |
| 2026-03-24 | 24.17% |
| 2026-03-23 | 24.17% |
| 2026-03-20 | 24.17% |
| 2026-03-19 | 24.17% |
| 2026-03-18 | 24.17% |
| 2026-03-17 | 24.17% |
| 2026-03-16 | 24.17% |
| 2026-03-13 | 24.17% |
| 2026-03-12 | 24.17% |
| 2026-03-11 | 24.17% |
| 2026-03-10 | 24.17% |
| 2026-03-09 | 24.17% |
| 2026-03-06 | 24.17% |
| 2026-03-05 | 24.17% |
| 2026-03-04 | 24.17% |
| 2026-03-03 | 24.17% |
| 2026-03-02 | 30.22% |
| 2026-02-27 | 24.17% |
| 2026-02-26 | 24.17% |
| 2026-02-25 | 24.17% |
| 2026-02-24 | 24.17% |
| 2026-02-23 | 24.16% |
| 2026-02-20 | 24.17% |
| 2026-02-19 | 24.17% |
| 2026-02-18 | 32.53% |
| 2026-02-17 | 32.52% |
| 2026-02-13 | 32.52% |
| 2026-02-12 | 32.52% |
| 2026-02-11 | 32.52% |
| 2026-02-10 | 32.51% |
| 2026-02-09 | 32.52% |
| 2026-02-06 | 32.52% |
| 2026-02-05 | 32.52% |
| 2026-02-04 | 32.53% |
| 2026-02-03 | 32.52% |
| 2026-02-02 | 32.51% |
| 2026-01-30 | 32.52% |
| 2026-01-29 | 32.53% |
| 2026-01-28 | 32.52% |
| 2026-01-27 | 32.51% |
| 2026-01-26 | 32.53% |
| 2026-01-23 | 32.52% |
| 2026-01-22 | 32.52% |
| 2026-01-21 | 32.52% |
| 2026-01-20 | 32.52% |
| 2026-01-16 | 32.52% |
| 2026-01-15 | 32.52% |
| 2026-01-14 | 32.53% |
| 2026-01-13 | 32.52% |
| 2026-01-12 | 32.52% |
| 2026-01-09 | 32.52% |
| 2026-01-08 | 32.52% |
| 2026-01-07 | 32.52% |
| 2026-01-06 | 32.52% |
| 2026-01-05 | 32.51% |
| 2026-01-02 | 32.52% |
| 2025-12-31 | 32.52% |
| 2025-12-30 | 32.52% |
| 2025-12-29 | 32.52% |
| 2025-12-26 | 32.53% |
| 2025-12-24 | 32.52% |
| 2025-12-23 | 32.52% |
| 2025-12-22 | 32.52% |
| 2025-12-19 | 32.52% |
| 2025-12-18 | 32.52% |
| 2025-12-17 | 32.53% |
| 2025-12-16 | 32.52% |
| 2025-12-15 | 32.52% |
| 2025-12-12 | 32.53% |
| 2025-12-11 | 32.51% |
| 2025-12-10 | 32.52% |
| 2025-12-09 | 32.52% |
| 2025-12-08 | 32.51% |
| 2025-12-05 | 32.52% |
| 2025-12-04 | 32.52% |
| 2025-12-03 | 32.52% |
| 2025-12-02 | 32.52% |
| 2025-12-01 | 40.65% |
| 2025-11-28 | 32.51% |
| 2025-11-26 | 32.51% |
| 2025-11-25 | 32.52% |
| 2025-11-24 | 32.52% |
| 2025-11-21 | 32.52% |
| 2025-11-20 | 32.53% |
| 2025-11-19 | 32.52% |
| 2025-11-18 | 32.52% |
| 2025-11-17 | 32.53% |
| 2025-11-14 | 32.52% |
| 2025-11-13 | 32.52% |
| 2025-11-12 | 32.52% |
| 2025-11-11 | 32.52% |
| 2025-11-10 | 32.53% |
| 2025-11-07 | 32.52% |
| 2025-11-06 | 32.53% |
| 2025-11-05 | 32.51% |
| 2025-11-04 | 32.52% |
| 2025-11-03 | 41.45% |
| 2025-10-31 | 41.45% |
| 2025-10-30 | 41.45% |
| 2025-10-29 | 41.46% |
| 2025-10-28 | 41.46% |
| 2025-10-27 | 41.45% |
| 2025-10-24 | 41.45% |
| 2025-10-23 | 41.45% |
| 2025-10-22 | 41.46% |
| 2025-10-21 | 41.44% |
| 2025-10-20 | 41.45% |
| 2025-10-17 | 41.45% |
| 2025-10-16 | 41.45% |
| 2025-10-15 | 41.46% |
| 2025-10-14 | 41.45% |
| 2025-10-13 | 41.45% |
| 2025-10-10 | 41.45% |
| 2025-10-09 | 41.45% |
| 2025-10-08 | 41.45% |
| 2025-10-07 | 41.45% |
| 2025-10-06 | 41.46% |
| 2025-10-03 | 41.46% |
| 2025-10-02 | 41.46% |
| 2025-10-01 | 41.45% |
| 2025-09-30 | 41.44% |
| 2025-09-29 | 41.45% |
| 2025-09-26 | 41.46% |
| 2025-09-25 | 41.44% |
| 2025-09-24 | 41.44% |
| 2025-09-23 | 41.45% |
| 2025-09-22 | 41.45% |
| 2025-09-19 | 41.45% |
| 2025-09-18 | 41.45% |
| 2025-09-17 | 41.45% |
| 2025-09-16 | 41.46% |
| 2025-09-15 | 41.45% |
| 2025-09-12 | 41.45% |
| 2025-09-11 | 41.46% |
| 2025-09-10 | 41.45% |
| 2025-09-09 | 41.45% |
| 2025-09-08 | 41.44% |
| 2025-09-05 | 41.44% |
| 2025-09-04 | 41.44% |
| 2025-09-03 | 41.44% |
| 2025-09-02 | 51.82% |
| 2025-08-29 | 41.44% |
| 2025-08-28 | 41.45% |
| 2025-08-27 | 41.45% |
| 2025-08-26 | 41.44% |
| 2025-08-25 | 41.46% |
| 2025-08-22 | 41.45% |
| 2025-08-21 | 41.45% |
| 2025-08-20 | 41.45% |
| 2025-08-19 | 41.45% |
| 2025-08-18 | 41.45% |
| 2025-08-15 | 41.45% |
| 2025-08-14 | 41.45% |
| 2025-08-13 | 41.45% |
| 2025-08-12 | 41.45% |
| 2025-08-11 | 41.45% |
| 2025-08-08 | 41.45% |
| 2025-08-07 | 41.45% |
| 2025-08-06 | 41.45% |
| 2025-08-05 | 41.44% |
| 2025-08-04 | 47.62% |
| 2025-08-01 | 47.62% |
| 2025-07-31 | 47.61% |
| 2025-07-30 | 47.62% |
| 2025-07-29 | 47.62% |
| 2025-07-28 | 47.62% |
| 2025-07-25 | 47.61% |
| 2025-07-24 | 47.62% |
| 2025-07-23 | 47.62% |
| 2025-07-22 | 47.62% |
| 2025-07-21 | 47.62% |
| 2025-07-18 | 47.61% |
| 2025-07-17 | 47.63% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 33.5% |
| 2019 | $1.71 | $0.55 | 32.2% |
| 2018 | $1.32 | $0.40 | 30.3% |
| 2017 | $1.14 | $0.36 | 32.0% |
| 2016 | $0.71 | $0.26 | 36.6% |
| 2015 | $1.02 | $0.26 | 25.5% |
| 2014 | $1.70 | $0.26 | 15.3% |
| 2013 | $1.40 | $0.26 | 18.6% |
| 2012 | $1.31 | $0.20 | 15.3% |
| 2011 | $1.35 | $0.12 | 9.1% |
| 2010 | $1.30 | $0.10 | 7.7% |
| 2009 | $1.03 | $0.10 | 9.7% |
| 2008 | $0.84 | $0.10 | 11.9% |
| 2007 | $0.70 | $0.10 | 14.3% |
| 2006 | $0.80 | $0.10 | 12.5% |
| 2005 | $0.63 | $0.10 | 15.9% |
| 2004 | $0.68 | $0.09 | 12.9% |
| 2003 | $0.52 | $0.06 | 11.5% |
| 2002 | $0.35 | $0.04 | 11.3% |
| 2001 | ($0.23) | $0.04 | N/A (Loss) |
| 2000 | $0.18 | $0.04 | 21.0% |
| 1999 | $0.18 | $0.04 | 20.8% |
| 1998 | $0.03 | $0.04 | 110.0% |
| 1997 | $0.12 | $0.04 | 31.3% |
| 1996 | $0.04 | $0.04 | 85.6% |
