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 31.23% is 13% below its 5-year average of 35.75%, near the low end of its 5-year range (13.67%–115.19%).
As of Tuesday, August 11, 2026. 2.94% below its 12-month average of 32.18%.
Dividend Payout Ratio (31.23%) = TTM Dividends/Share ($2.66) / TTM EPS ($8.52)
DIVIDEND PAYOUT RATIO
31.23%
DIVIDEND PAYOUT RATIO AVG TTM
32.18%
DIVIDEND PAYOUT RATIO AVG 3Y
32.61%
DIVIDEND PAYOUT RATIO AVG 5Y
35.75%
DIVIDEND PAYOUT RATIO AVG 10Y
45.58%
DIVIDEND PAYOUT RATIO AVG 15Y
34.45%
DIVIDEND PAYOUT RATIO AVG 20Y
30.41%
CURRENT VS TTM AVG
-2.94%
CURRENT VS 3Y AVG
-4.23%
CURRENT VS 5Y AVG
-12.63%
CURRENT VS 10Y AVG
-31.48%
CURRENT VS 15Y AVG
-9.34%
CURRENT VS 20Y AVG
+2.70%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.56 | $2.20 | 61.8% |
| 2024 | $3.12 | $2.92 | 93.6% |
| 2023 | $5.10 | $3.37 | 66.1% |
| 2022 | $8.00 | $6.48 | 81.1% |
| 2021 | $4.56 | $6.02 | 132.0% |
| 2020 | $3.10 | $2.14 |
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 |
|---|---|
| 2026-08-11 | 31.23% |
| 2026-08-10 | 31.21% |
| 2026-08-07 | 31.22% |
| 2026-08-06 | 31.23% |
| 2026-08-05 | 31.22% |
| 2026-08-04 | 31.24% |
| 2026-08-03 | 31.22% |
| 2026-07-31 | 31.23% |
| 2026-07-30 | 31.21% |
| 2026-07-29 | 31.21% |
| 2026-07-28 | 31.21% |
| 2026-07-27 | 31.22% |
| 2026-07-24 | 31.23% |
| 2026-07-23 | 31.23% |
| 2026-07-22 | 31.21% |
| 2026-07-21 | 31.21% |
| 2026-07-20 | 31.23% |
| 2026-07-17 | 31.20% |
| 2026-07-16 | 31.21% |
| 2026-07-15 | 31.21% |
| 2026-07-14 | 31.22% |
| 2026-07-13 | 31.22% |
| 2026-07-10 | 31.23% |
| 2026-07-09 | 31.22% |
| 2026-07-08 | 31.22% |
| 2026-07-07 | 31.23% |
| 2026-07-06 | 31.23% |
| 2026-07-02 | 31.22% |
| 2026-07-01 | 31.22% |
| 2026-06-30 | 31.23% |
| 2026-06-29 | 31.21% |
| 2026-06-26 | 31.22% |
| 2026-06-25 | 31.23% |
| 2026-06-24 | 31.21% |
| 2026-06-23 | 31.21% |
| 2026-06-22 | 31.23% |
| 2026-06-18 | 31.21% |
| 2026-06-17 | 31.23% |
| 2026-06-16 | 31.23% |
| 2026-06-15 | 31.21% |
| 2026-06-12 | 31.22% |
| 2026-06-11 | 31.22% |
| 2026-06-10 | 31.23% |
| 2026-06-09 | 31.21% |
| 2026-06-08 | 31.21% |
| 2026-06-05 | 31.22% |
| 2026-06-04 | 31.22% |
| 2026-06-03 | 31.21% |
| 2026-06-02 | 31.21% |
| 2026-06-01 | 31.23% |
| 2026-05-29 | 31.23% |
| 2026-05-28 | 31.24% |
| 2026-05-27 | 31.22% |
| 2026-05-26 | 31.22% |
| 2026-05-22 | 31.22% |
| 2026-05-21 | 31.22% |
| 2026-05-20 | 31.23% |
| 2026-05-19 | 31.22% |
| 2026-05-18 | 31.22% |
| 2026-05-15 | 31.23% |
| 2026-05-14 | 31.23% |
| 2026-05-13 | 31.23% |
| 2026-05-12 | 31.23% |
| 2026-05-11 | 31.23% |
| 2026-05-08 | 31.21% |
| 2026-05-07 | 31.22% |
| 2026-05-06 | 31.23% |
| 2026-05-05 | 31.22% |
| 2026-05-04 | 31.22% |
| 2026-05-01 | 31.22% |
| 2026-04-30 | 31.23% |
| 2026-04-29 | 31.20% |
| 2026-04-28 | 31.22% |
| 2026-04-27 | 31.22% |
| 2026-04-24 | 31.23% |
| 2026-04-23 | 31.22% |
| 2026-04-22 | 31.24% |
| 2026-04-21 | 31.23% |
| 2026-04-20 | 31.22% |
| 2026-04-17 | 31.21% |
| 2026-04-16 | 31.23% |
| 2026-04-15 | 31.23% |
| 2026-04-14 | 31.21% |
| 2026-04-13 | 31.23% |
| 2026-04-10 | 31.24% |
| 2026-04-09 | 31.20% |
| 2026-04-08 | 31.21% |
| 2026-04-07 | 31.20% |
| 2026-04-06 | 31.21% |
| 2026-04-02 | 31.23% |
| 2026-04-01 | 31.21% |
| 2026-03-31 | 31.23% |
| 2026-03-30 | 31.22% |
| 2026-03-27 | 31.23% |
| 2026-03-26 | 31.22% |
| 2026-03-25 | 31.23% |
| 2026-03-24 | 31.21% |
| 2026-03-23 | 31.24% |
| 2026-03-20 | 31.21% |
| 2026-03-19 | 31.23% |
| 2026-03-18 | 31.23% |
| 2026-03-17 | 31.21% |
| 2026-03-16 | 31.21% |
| 2026-03-13 | 31.23% |
| 2026-03-12 | 31.23% |
| 2026-03-11 | 31.22% |
| 2026-03-10 | 31.21% |
| 2026-03-09 | 31.24% |
| 2026-03-06 | 42.94% |
| 2026-03-05 | 25.81% |
| 2026-03-04 | 25.82% |
| 2026-03-03 | 25.81% |
| 2026-03-02 | 25.81% |
| 2026-02-27 | 25.81% |
| 2026-02-26 | 25.83% |
| 2026-02-25 | 25.83% |
| 2026-02-24 | 25.83% |
| 2026-02-23 | 25.83% |
| 2026-02-20 | 25.83% |
| 2026-02-19 | 25.82% |
| 2026-02-18 | 25.83% |
| 2026-02-17 | 25.82% |
| 2026-02-13 | 33.04% |
| 2026-02-12 | 33.02% |
| 2026-02-11 | 33.03% |
| 2026-02-10 | 33.02% |
| 2026-02-09 | 33.03% |
| 2026-02-06 | 33.04% |
| 2026-02-05 | 33.05% |
| 2026-02-04 | 33.02% |
| 2026-02-03 | 33.03% |
| 2026-02-02 | 33.04% |
| 2026-01-30 | 33.03% |
| 2026-01-29 | 33.04% |
| 2026-01-28 | 33.02% |
| 2026-01-27 | 33.02% |
| 2026-01-26 | 33.05% |
| 2026-01-23 | 33.04% |
| 2026-01-22 | 33.05% |
| 2026-01-21 | 33.03% |
| 2026-01-20 | 33.04% |
| 2026-01-16 | 33.04% |
| 2026-01-15 | 33.02% |
| 2026-01-14 | 33.02% |
| 2026-01-13 | 33.04% |
| 2026-01-12 | 33.04% |
| 2026-01-09 | 33.04% |
| 2026-01-08 | 33.03% |
| 2026-01-07 | 33.04% |
| 2026-01-06 | 33.03% |
| 2026-01-05 | 33.03% |
| 2026-01-02 | 33.02% |
| 2025-12-31 | 33.02% |
| 2025-12-30 | 33.04% |
| 2025-12-29 | 33.04% |
| 2025-12-26 | 33.02% |
| 2025-12-24 | 33.03% |
| 2025-12-23 | 33.03% |
| 2025-12-22 | 33.02% |
| 2025-12-19 | 33.04% |
| 2025-12-18 | 33.04% |
| 2025-12-17 | 33.05% |
| 2025-12-16 | 33.03% |
| 2025-12-15 | 33.04% |
| 2025-12-12 | 33.01% |
| 2025-12-11 | 33.04% |
| 2025-12-10 | 33.04% |
| 2025-12-09 | 33.03% |
| 2025-12-08 | 33.03% |
| 2025-12-05 | 33.05% |
| 2025-12-04 | 33.02% |
| 2025-12-03 | 33.05% |
| 2025-12-02 | 33.04% |
| 2025-12-01 | 33.02% |
| 2025-11-28 | 33.04% |
| 2025-11-26 | 33.03% |
| 2025-11-25 | 33.03% |
| 2025-11-24 | 33.04% |
| 2025-11-21 | 33.03% |
| 2025-11-20 | 33.01% |
| 2025-11-19 | 33.04% |
| 2025-11-18 | 33.01% |
| 2025-11-17 | 33.05% |
| 2025-11-14 | 33.02% |
| 2025-11-13 | 33.03% |
| 2025-11-12 | 33.05% |
| 2025-11-11 | 33.02% |
| 2025-11-10 | 33.04% |
| 2025-11-07 | 33.02% |
| 2025-11-06 | 33.03% |
| 2025-11-05 | 33.01% |
| 2025-11-04 | 33.02% |
| 2025-11-03 | 33.03% |
| 2025-10-31 | 33.05% |
| 2025-10-30 | 33.02% |
| 2025-10-29 | 33.02% |
| 2025-10-28 | 33.04% |
| 2025-10-27 | 33.05% |
| 2025-10-24 | 33.03% |
| 2025-10-23 | 33.03% |
| 2025-10-22 | 33.05% |
| 2025-10-21 | 33.02% |
| 2025-10-20 | 33.04% |
| 2025-10-17 | 33.05% |
| 2025-10-16 | 33.03% |
| 2025-10-15 | 33.03% |
| 2025-10-14 | 33.03% |
| 2025-10-13 | 33.01% |
| 2025-10-10 | 33.03% |
| 2025-10-09 | 33.02% |
| 2025-10-08 | 33.04% |
| 2025-10-07 | 33.04% |
| 2025-10-06 | 33.02% |
| 2025-10-03 | 33.04% |
| 2025-10-02 | 33.02% |
| 2025-10-01 | 33.03% |
| 2025-09-30 | 33.03% |
| 2025-09-29 | 33.03% |
| 2025-09-26 | 33.04% |
| 2025-09-25 | 33.03% |
| 2025-09-24 | 33.02% |
| 2025-09-23 | 33.03% |
| 2025-09-22 | 33.03% |
| 2025-09-19 | 33.04% |
| 2025-09-18 | 33.01% |
| 2025-09-17 | 33.02% |
| 2025-09-16 | 33.01% |
| 2025-09-15 | 33.04% |
| 2025-09-12 | 55.26% |
| 2025-09-11 | 55.26% |
| 2025-09-10 | 55.29% |
| 2025-09-09 | 55.25% |
| 2025-09-08 | 55.27% |
| 2025-09-05 | 55.28% |
| 2025-09-04 | 37.23% |
| 2025-09-03 | 37.23% |
| 2025-09-02 | 37.24% |
| 2025-08-29 | 37.22% |
| 2025-08-28 | 37.25% |
| 2025-08-27 | 37.24% |
| 2025-08-26 | 37.26% |
| 2025-08-25 | 37.22% |
| 2025-08-22 | 37.23% |
| 2025-08-21 | 33.58% |
| 2025-08-20 | 33.60% |
| 2025-08-19 | 33.62% |
| 2025-08-18 | 33.61% |
| 2025-08-15 | 33.62% |
| 2025-08-14 | 33.59% |
| 2025-08-13 | 33.62% |
| 2025-08-12 | 33.59% |
| 2025-08-11 | 33.59% |
| 2025-08-08 | 33.59% |
| 2025-08-07 | 33.60% |
| 2025-08-06 | 33.59% |
| 2025-08-05 | 33.61% |
| 2025-08-04 | 33.62% |
| 2025-08-01 | 33.58% |
| 2025-07-31 | 33.62% |
| 2025-07-30 | 33.59% |
Showing the most recent 260 of 2,401 data points. The chart above shows the full history.
| 69.1% |
| 2019 | $3.34 | $4.19 | 125.5% |
| 2018 | $2.48 | $2.11 | 84.9% |
| 2017 | $2.40 | $1.48 | 61.7% |
| 2016 | ($0.18) | $0.54 | N/A (Loss) |
| 2015 | $1.28 | $2.21 | 172.8% |
| 2014 | $1.28 | $2.16 | 168.7% |
| 2013 | $4.72 | $2.07 | 43.8% |
| 2012 | $11.58 | $2.00 | 17.3% |
| 2011 | $17.16 | $1.80 | 10.5% |
| 2010 | $9.14 | $1.55 | 17.0% |
| 2009 | $4.19 | $1.46 | 34.9% |
| 2008 | $11.01 | $1.25 | 11.3% |
| 2007 | $9.18 | $0.84 | 9.1% |
| 2006 | $6.93 | $0.64 | 9.3% |
| 2005 | $4.18 | $0.53 | 12.7% |
| 2004 | $2.19 | $0.32 | 14.7% |
| 2003 | $1.00 | $0.28 | 27.7% |
| 2002 | $0.84 | $0.24 | 28.7% |
| 2001 | $0.96 | $0.23 | 24.2% |
| 2000 | $0.44 | $0.38 | 85.3% |
| 1999 | ($0.84) | $0.28 | N/A (Loss) |
| 1998 | ($0.52) | $0.27 | N/A (Loss) |
| 1997 | $0.34 | $0.33 | 96.6% |
| 1996 | $1.00 | $0.34 | 34.3% |
