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 94.75% is 63% above its 5-year average of 58.23%, near the high end of its 5-year range (37.17%–94.77%).
As of Tuesday, July 28, 2026. 55.25% above its 12-month average of 61.03%.
Dividend Payout Ratio (94.75%) = TTM Dividends/Share ($3.74) / TTM EPS ($3.95)
DIVIDEND PAYOUT RATIO
94.75%
DIVIDEND PAYOUT RATIO AVG TTM
61.03%
DIVIDEND PAYOUT RATIO AVG 3Y
61.23%
DIVIDEND PAYOUT RATIO AVG 5Y
56.58%
DIVIDEND PAYOUT RATIO AVG 10Y
60.79%
DIVIDEND PAYOUT RATIO AVG 15Y
51.82%
DIVIDEND PAYOUT RATIO AVG 20Y
46.20%
CURRENT VS TTM AVG
+55.25%
CURRENT VS 3Y AVG
+54.73%
CURRENT VS 5Y AVG
+67.45%
CURRENT VS 10Y AVG
+55.86%
CURRENT VS 15Y AVG
+82.85%
CURRENT VS 20Y AVG
+105.06%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $5.84 | $3.50 | 59.9% |
| 2024 | $5.88 | $3.26 | 55.5% |
| 2023 | $4.97 | $2.89 | 58.2% |
| 2022 | $5.93 | $2.75 | 46.4% |
| 2021 | $6.92 | $2.58 | 37.2% |
| 2020 | $2.75 | $2.45 |
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 |
|---|---|
| 2026-07-27 | 94.75% |
| 2026-07-24 | 94.74% |
| 2026-07-23 | 94.76% |
| 2026-07-22 | 94.74% |
| 2026-07-21 | 94.76% |
| 2026-07-20 | 94.76% |
| 2026-07-17 | 94.75% |
| 2026-07-16 | 94.76% |
| 2026-07-15 | 94.75% |
| 2026-07-14 | 94.76% |
| 2026-07-13 | 94.74% |
| 2026-07-10 | 94.76% |
| 2026-07-09 | 94.75% |
| 2026-07-08 | 94.76% |
| 2026-07-07 | 94.75% |
| 2026-07-06 | 94.76% |
| 2026-07-02 | 94.75% |
| 2026-07-01 | 94.76% |
| 2026-06-30 | 94.75% |
| 2026-06-29 | 94.76% |
| 2026-06-26 | 94.75% |
| 2026-06-25 | 94.74% |
| 2026-06-24 | 94.75% |
| 2026-06-23 | 94.77% |
| 2026-06-22 | 94.75% |
| 2026-06-18 | 94.75% |
| 2026-06-17 | 94.75% |
| 2026-06-16 | 94.76% |
| 2026-06-15 | 94.75% |
| 2026-06-12 | 94.75% |
| 2026-06-11 | 94.74% |
| 2026-06-10 | 94.77% |
| 2026-06-09 | 94.75% |
| 2026-06-08 | 88.86% |
| 2026-06-05 | 88.87% |
| 2026-06-04 | 88.85% |
| 2026-06-03 | 88.85% |
| 2026-06-02 | 88.85% |
| 2026-06-01 | 88.86% |
| 2026-05-29 | 88.87% |
| 2026-05-28 | 88.86% |
| 2026-05-27 | 88.87% |
| 2026-05-26 | 88.87% |
| 2026-05-22 | 88.85% |
| 2026-05-21 | 88.87% |
| 2026-05-20 | 88.86% |
| 2026-05-19 | 88.86% |
| 2026-05-18 | 88.87% |
| 2026-05-15 | 88.86% |
| 2026-05-14 | 88.85% |
| 2026-05-13 | 88.86% |
| 2026-05-12 | 88.85% |
| 2026-05-11 | 88.86% |
| 2026-05-08 | 88.86% |
| 2026-05-07 | 88.86% |
| 2026-05-06 | 57.27% |
| 2026-05-05 | 57.26% |
| 2026-05-04 | 57.27% |
| 2026-05-01 | 57.27% |
| 2026-04-30 | 57.25% |
| 2026-04-29 | 57.25% |
| 2026-04-28 | 57.26% |
| 2026-04-27 | 57.27% |
| 2026-04-24 | 57.26% |
| 2026-04-23 | 57.26% |
| 2026-04-22 | 57.26% |
| 2026-04-21 | 57.26% |
| 2026-04-20 | 57.26% |
| 2026-04-17 | 57.25% |
| 2026-04-16 | 57.27% |
| 2026-04-15 | 57.26% |
| 2026-04-14 | 57.25% |
| 2026-04-13 | 57.27% |
| 2026-04-10 | 57.26% |
| 2026-04-09 | 57.26% |
| 2026-04-08 | 57.27% |
| 2026-04-07 | 57.26% |
| 2026-04-06 | 57.27% |
| 2026-04-02 | 57.27% |
| 2026-04-01 | 57.25% |
| 2026-03-31 | 57.26% |
| 2026-03-30 | 57.25% |
| 2026-03-27 | 57.27% |
| 2026-03-26 | 57.25% |
| 2026-03-25 | 57.26% |
| 2026-03-24 | 57.27% |
| 2026-03-23 | 57.27% |
| 2026-03-20 | 57.25% |
| 2026-03-19 | 57.27% |
| 2026-03-18 | 57.26% |
| 2026-03-17 | 57.26% |
| 2026-03-16 | 57.27% |
| 2026-03-13 | 57.27% |
| 2026-03-12 | 57.26% |
| 2026-03-11 | 57.26% |
| 2026-03-10 | 57.25% |
| 2026-03-09 | 57.09% |
| 2026-03-06 | 57.09% |
| 2026-03-05 | 57.09% |
| 2026-03-04 | 57.11% |
| 2026-03-03 | 57.10% |
| 2026-03-02 | 57.10% |
| 2026-02-27 | 57.10% |
| 2026-02-26 | 57.10% |
| 2026-02-25 | 57.10% |
| 2026-02-24 | 57.10% |
| 2026-02-23 | 57.09% |
| 2026-02-20 | 57.09% |
| 2026-02-19 | 57.10% |
| 2026-02-18 | 57.10% |
| 2026-02-17 | 57.10% |
| 2026-02-13 | 57.09% |
| 2026-02-12 | 57.10% |
| 2026-02-11 | 57.09% |
| 2026-02-10 | 57.10% |
| 2026-02-09 | 57.10% |
| 2026-02-06 | 60.03% |
| 2026-02-05 | 60.04% |
| 2026-02-04 | 60.03% |
| 2026-02-03 | 60.04% |
| 2026-02-02 | 60.04% |
| 2026-01-30 | 60.04% |
| 2026-01-29 | 60.04% |
| 2026-01-28 | 60.04% |
| 2026-01-27 | 60.04% |
| 2026-01-26 | 60.03% |
| 2026-01-23 | 60.03% |
| 2026-01-22 | 60.03% |
| 2026-01-21 | 60.03% |
| 2026-01-20 | 60.04% |
| 2026-01-16 | 60.04% |
| 2026-01-15 | 60.04% |
| 2026-01-14 | 60.03% |
| 2026-01-13 | 60.02% |
| 2026-01-12 | 60.04% |
| 2026-01-09 | 60.04% |
| 2026-01-08 | 60.04% |
| 2026-01-07 | 60.03% |
| 2026-01-06 | 60.03% |
| 2026-01-05 | 60.03% |
| 2026-01-02 | 60.04% |
| 2025-12-31 | 60.04% |
| 2025-12-30 | 60.03% |
| 2025-12-29 | 60.04% |
| 2025-12-26 | 60.05% |
| 2025-12-24 | 60.04% |
| 2025-12-23 | 60.04% |
| 2025-12-22 | 60.04% |
| 2025-12-19 | 60.05% |
| 2025-12-18 | 60.05% |
| 2025-12-17 | 60.03% |
| 2025-12-16 | 60.03% |
| 2025-12-15 | 60.03% |
| 2025-12-12 | 60.04% |
| 2025-12-11 | 60.04% |
| 2025-12-10 | 60.03% |
| 2025-12-09 | 60.03% |
| 2025-12-08 | 74.05% |
| 2025-12-05 | 59.90% |
| 2025-12-04 | 59.91% |
| 2025-12-03 | 59.90% |
| 2025-12-02 | 59.90% |
| 2025-12-01 | 59.91% |
| 2025-11-28 | 59.90% |
| 2025-11-26 | 59.91% |
| 2025-11-25 | 59.90% |
| 2025-11-24 | 62.81% |
| 2025-11-21 | 62.81% |
| 2025-11-20 | 62.82% |
| 2025-11-19 | 62.82% |
| 2025-11-18 | 62.81% |
| 2025-11-17 | 62.81% |
| 2025-11-14 | 62.80% |
| 2025-11-13 | 62.80% |
| 2025-11-12 | 62.83% |
| 2025-11-11 | 62.82% |
| 2025-11-10 | 62.81% |
| 2025-11-07 | 62.83% |
| 2025-11-06 | 62.81% |
| 2025-11-05 | 62.81% |
| 2025-11-04 | 62.80% |
| 2025-11-03 | 62.81% |
| 2025-10-31 | 62.82% |
| 2025-10-30 | 62.81% |
| 2025-10-29 | 62.83% |
| 2025-10-28 | 62.82% |
| 2025-10-27 | 62.82% |
| 2025-10-24 | 62.83% |
| 2025-10-23 | 62.81% |
| 2025-10-22 | 62.82% |
| 2025-10-21 | 62.82% |
| 2025-10-20 | 62.82% |
| 2025-10-17 | 62.82% |
| 2025-10-16 | 62.82% |
| 2025-10-15 | 62.82% |
| 2025-10-14 | 62.81% |
| 2025-10-13 | 62.81% |
| 2025-10-10 | 62.82% |
| 2025-10-09 | 62.83% |
| 2025-10-08 | 62.81% |
| 2025-10-07 | 62.81% |
| 2025-10-06 | 62.82% |
| 2025-10-03 | 62.82% |
| 2025-10-02 | 62.81% |
| 2025-10-01 | 62.82% |
| 2025-09-30 | 62.82% |
| 2025-09-29 | 62.82% |
| 2025-09-26 | 62.81% |
| 2025-09-25 | 62.80% |
| 2025-09-24 | 62.82% |
| 2025-09-23 | 62.81% |
| 2025-09-22 | 62.82% |
| 2025-09-19 | 62.82% |
| 2025-09-18 | 62.80% |
| 2025-09-17 | 62.81% |
| 2025-09-16 | 62.82% |
| 2025-09-15 | 62.81% |
| 2025-09-12 | 62.82% |
| 2025-09-11 | 62.81% |
| 2025-09-10 | 62.81% |
| 2025-09-09 | 62.83% |
| 2025-09-08 | 79.91% |
| 2025-09-05 | 65.19% |
| 2025-09-04 | 65.19% |
| 2025-09-03 | 65.20% |
| 2025-09-02 | 65.19% |
| 2025-08-29 | 65.21% |
| 2025-08-28 | 65.19% |
| 2025-08-27 | 65.20% |
| 2025-08-26 | 65.19% |
| 2025-08-25 | 65.19% |
| 2025-08-22 | 65.19% |
| 2025-08-21 | 65.19% |
| 2025-08-20 | 65.21% |
| 2025-08-19 | 65.20% |
| 2025-08-18 | 65.19% |
| 2025-08-15 | 65.21% |
| 2025-08-14 | 65.19% |
| 2025-08-13 | 65.20% |
| 2025-08-12 | 65.20% |
| 2025-08-11 | 65.20% |
| 2025-08-08 | 65.20% |
| 2025-08-07 | 65.20% |
| 2025-08-06 | 69.19% |
| 2025-08-05 | 69.18% |
| 2025-08-04 | 69.18% |
| 2025-08-01 | 69.17% |
| 2025-07-31 | 69.17% |
| 2025-07-30 | 69.19% |
| 2025-07-29 | 69.17% |
| 2025-07-28 | 69.19% |
| 2025-07-25 | 69.17% |
| 2025-07-24 | 69.18% |
| 2025-07-23 | 69.17% |
| 2025-07-22 | 69.18% |
| 2025-07-21 | 69.19% |
| 2025-07-18 | 69.17% |
| 2025-07-17 | 69.17% |
| 2025-07-16 | 69.19% |
| 2025-07-15 | 69.17% |
Showing the most recent 260 of 2,621 data points. The chart above shows the full history.
| 89.2% |
| 2019 | $3.96 | $2.38 | 60.0% |
| 2018 | $0.62 | $2.32 | 373.6% |
| 2017 | $4.70 | $2.25 | 48.0% |
| 2016 | $4.59 | $2.08 | 45.3% |
| 2015 | $3.43 | $1.89 | 55.0% |
| 2014 | $6.13 | $1.71 | 28.0% |
| 2013 | $6.63 | $1.56 | 23.5% |
| 2012 | $5.59 | $1.42 | 25.3% |
| 2011 | $5.75 | $1.29 | 22.4% |
| 2010 | $5.62 | $1.17 | 20.7% |
| 2009 | $5.12 | $1.04 | 20.4% |
| 2008 | $4.61 | $0.91 | 19.7% |
| 2007 | $3.63 | $0.78 | 21.6% |
| 2006 | $3.04 | $0.68 | 22.5% |
| 2005 | $2.87 | $0.58 | 20.2% |
| 2004 | $1.85 | $0.48 | 26.1% |
| 2003 | $2.14 | $0.35 | 16.1% |
| 2002 | $1.85 | $0.30 | 16.3% |
| 2001 | $1.55 | $0.29 | 19.0% |
| 2000 | $1.54 | $0.29 | 18.6% |
| 1999 | $1.09 | $0.27 | 24.5% |
| 1998 | $0.95 | $0.23 | 24.4% |
| 1997 | $1.15 | $0.21 | 17.8% |
| 1996 | $1.06 | $0.18 | 17.2% |
