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 26.27% is 26% below its 5-year average of 35.37%, near the low end of its 5-year range (19.70%–54.42%).
As of Sunday, August 9, 2026. 8.24% below its 12-month average of 28.63%.
Dividend Payout Ratio (26.27%) = TTM Dividends/Share ($2.12) / TTM EPS ($8.07)
DIVIDEND PAYOUT RATIO
26.27%
DIVIDEND PAYOUT RATIO AVG TTM
28.63%
DIVIDEND PAYOUT RATIO AVG 3Y
34.21%
DIVIDEND PAYOUT RATIO AVG 5Y
35.37%
DIVIDEND PAYOUT RATIO AVG 10Y
30.52%
DIVIDEND PAYOUT RATIO AVG 15Y
29.75%
DIVIDEND PAYOUT RATIO AVG 20Y
30.58%
CURRENT VS TTM AVG
-8.24%
CURRENT VS 3Y AVG
-23.20%
CURRENT VS 5Y AVG
-25.73%
CURRENT VS 10Y AVG
-13.93%
CURRENT VS 15Y AVG
-11.70%
CURRENT VS 20Y AVG
-14.09%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $7.46 | $2.00 | 26.8% |
| 2024 | $5.84 | $1.78 | 30.5% |
| 2023 | $3.91 | $1.58 | 40.4% |
| 2022 | $2.91 | $1.42 | 48.8% |
| 2021 | $4.17 | $1.30 | 31.2% |
| 2020 | $3.84 | $1.24 |
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 |
|---|---|
| 2026-06-29 | 26.27% |
| 2026-06-26 | 26.27% |
| 2026-06-25 | 26.27% |
| 2026-06-24 | 26.27% |
| 2026-06-23 | 26.27% |
| 2026-06-22 | 26.28% |
| 2026-06-18 | 26.27% |
| 2026-06-17 | 26.27% |
| 2026-06-16 | 26.27% |
| 2026-06-15 | 26.27% |
| 2026-06-12 | 26.27% |
| 2026-06-11 | 26.27% |
| 2026-06-10 | 26.27% |
| 2026-06-09 | 26.27% |
| 2026-06-08 | 26.27% |
| 2026-06-05 | 26.26% |
| 2026-06-04 | 26.28% |
| 2026-06-03 | 26.27% |
| 2026-06-02 | 26.27% |
| 2026-06-01 | 26.27% |
| 2026-05-29 | 26.27% |
| 2026-05-28 | 26.27% |
| 2026-05-27 | 26.28% |
| 2026-05-26 | 26.27% |
| 2026-05-22 | 26.27% |
| 2026-05-21 | 26.27% |
| 2026-05-20 | 26.28% |
| 2026-05-19 | 26.27% |
| 2026-05-18 | 26.26% |
| 2026-05-15 | 26.27% |
| 2026-05-14 | 26.27% |
| 2026-05-13 | 26.27% |
| 2026-05-12 | 26.28% |
| 2026-05-11 | 26.27% |
| 2026-05-08 | 26.27% |
| 2026-05-07 | 26.26% |
| 2026-05-06 | 26.27% |
| 2026-05-05 | 26.27% |
| 2026-05-04 | 26.27% |
| 2026-05-01 | 26.27% |
| 2026-04-30 | 26.27% |
| 2026-04-29 | 26.27% |
| 2026-04-28 | 26.27% |
| 2026-04-27 | 26.27% |
| 2026-04-24 | 19.70% |
| 2026-04-23 | 19.70% |
| 2026-04-22 | 19.71% |
| 2026-04-21 | 19.70% |
| 2026-04-20 | 25.52% |
| 2026-04-17 | 25.53% |
| 2026-04-16 | 25.53% |
| 2026-04-15 | 27.80% |
| 2026-04-14 | 27.80% |
| 2026-04-13 | 27.80% |
| 2026-04-10 | 27.79% |
| 2026-04-09 | 27.80% |
| 2026-04-08 | 27.81% |
| 2026-04-07 | 27.80% |
| 2026-04-06 | 27.79% |
| 2026-04-02 | 27.80% |
| 2026-04-01 | 27.81% |
| 2026-03-31 | 27.80% |
| 2026-03-30 | 27.79% |
| 2026-03-27 | 27.79% |
| 2026-03-26 | 27.80% |
| 2026-03-25 | 27.79% |
| 2026-03-24 | 27.80% |
| 2026-03-23 | 27.79% |
| 2026-03-20 | 27.80% |
| 2026-03-19 | 27.81% |
| 2026-03-18 | 27.79% |
| 2026-03-17 | 27.80% |
| 2026-03-16 | 27.80% |
| 2026-03-13 | 27.80% |
| 2026-03-12 | 27.81% |
| 2026-03-11 | 27.81% |
| 2026-03-10 | 27.81% |
| 2026-03-09 | 27.79% |
| 2026-03-06 | 27.80% |
| 2026-03-05 | 27.80% |
| 2026-03-04 | 27.81% |
| 2026-03-03 | 27.80% |
| 2026-03-02 | 27.80% |
| 2026-02-27 | 27.80% |
| 2026-02-26 | 27.80% |
| 2026-02-25 | 27.81% |
| 2026-02-24 | 29.73% |
| 2026-02-23 | 29.72% |
| 2026-02-20 | 29.72% |
| 2026-02-19 | 29.72% |
| 2026-02-18 | 29.72% |
| 2026-02-17 | 29.72% |
| 2026-02-13 | 29.73% |
| 2026-02-12 | 29.72% |
| 2026-02-11 | 29.72% |
| 2026-02-10 | 29.73% |
| 2026-02-09 | 29.72% |
| 2026-02-06 | 29.73% |
| 2026-02-05 | 29.73% |
| 2026-02-04 | 29.73% |
| 2026-02-03 | 29.73% |
| 2026-02-02 | 29.73% |
| 2026-01-30 | 29.72% |
| 2026-01-29 | 29.72% |
| 2026-01-28 | 29.73% |
| 2026-01-27 | 29.72% |
| 2026-01-26 | 36.50% |
| 2026-01-23 | 36.51% |
| 2026-01-22 | 28.86% |
| 2026-01-21 | 28.86% |
| 2026-01-20 | 28.85% |
| 2026-01-16 | 28.86% |
| 2026-01-15 | 28.86% |
| 2026-01-14 | 28.86% |
| 2026-01-13 | 28.86% |
| 2026-01-12 | 28.86% |
| 2026-01-09 | 28.86% |
| 2026-01-08 | 28.85% |
| 2026-01-07 | 28.86% |
| 2026-01-06 | 28.87% |
| 2026-01-05 | 28.87% |
| 2026-01-02 | 28.86% |
| 2025-12-31 | 28.86% |
| 2025-12-30 | 28.87% |
| 2025-12-29 | 28.86% |
| 2025-12-26 | 28.86% |
| 2025-12-24 | 28.86% |
| 2025-12-23 | 28.85% |
| 2025-12-22 | 28.86% |
| 2025-12-19 | 28.87% |
| 2025-12-18 | 28.87% |
| 2025-12-17 | 28.87% |
| 2025-12-16 | 28.86% |
| 2025-12-15 | 28.86% |
| 2025-12-12 | 28.86% |
| 2025-12-11 | 28.87% |
| 2025-12-10 | 28.86% |
| 2025-12-09 | 28.86% |
| 2025-12-08 | 28.85% |
| 2025-12-05 | 28.85% |
| 2025-12-04 | 28.85% |
| 2025-12-03 | 28.86% |
| 2025-12-02 | 28.85% |
| 2025-12-01 | 28.85% |
| 2025-11-28 | 28.87% |
| 2025-11-26 | 28.85% |
| 2025-11-25 | 28.86% |
| 2025-11-24 | 28.85% |
| 2025-11-21 | 28.86% |
| 2025-11-20 | 28.86% |
| 2025-11-19 | 28.85% |
| 2025-11-18 | 28.86% |
| 2025-11-17 | 28.87% |
| 2025-11-14 | 28.86% |
| 2025-11-13 | 28.85% |
| 2025-11-12 | 28.85% |
| 2025-11-11 | 28.85% |
| 2025-11-10 | 28.86% |
| 2025-11-07 | 28.86% |
| 2025-11-06 | 28.87% |
| 2025-11-05 | 28.85% |
| 2025-11-04 | 28.85% |
| 2025-11-03 | 28.85% |
| 2025-10-31 | 28.85% |
| 2025-10-30 | 30.54% |
| 2025-10-29 | 30.53% |
| 2025-10-28 | 30.54% |
| 2025-10-27 | 30.53% |
| 2025-10-24 | 22.45% |
| 2025-10-23 | 22.45% |
| 2025-10-22 | 22.44% |
| 2025-10-21 | 22.45% |
| 2025-10-20 | 29.61% |
| 2025-10-17 | 29.62% |
| 2025-10-16 | 29.61% |
| 2025-10-15 | 29.62% |
| 2025-10-14 | 29.61% |
| 2025-10-13 | 29.62% |
| 2025-10-10 | 29.62% |
| 2025-10-09 | 29.62% |
| 2025-10-08 | 29.61% |
| 2025-10-07 | 29.63% |
| 2025-10-06 | 29.62% |
| 2025-10-03 | 29.61% |
| 2025-10-02 | 29.62% |
| 2025-10-01 | 29.62% |
| 2025-09-30 | 29.63% |
| 2025-09-29 | 29.63% |
| 2025-09-26 | 29.61% |
| 2025-09-25 | 29.61% |
| 2025-09-24 | 29.63% |
| 2025-09-23 | 29.62% |
| 2025-09-22 | 29.62% |
| 2025-09-19 | 29.62% |
| 2025-09-18 | 29.62% |
| 2025-09-17 | 29.62% |
| 2025-09-16 | 29.63% |
| 2025-09-15 | 29.62% |
| 2025-09-12 | 29.62% |
| 2025-09-11 | 29.61% |
| 2025-09-10 | 29.62% |
| 2025-09-09 | 29.63% |
| 2025-09-08 | 29.62% |
| 2025-09-05 | 29.62% |
| 2025-09-04 | 29.63% |
| 2025-09-03 | 29.62% |
| 2025-09-02 | 29.61% |
| 2025-08-29 | 29.61% |
| 2025-08-28 | 29.62% |
| 2025-08-27 | 29.63% |
| 2025-08-26 | 29.62% |
| 2025-08-25 | 29.61% |
| 2025-08-22 | 29.61% |
| 2025-08-21 | 29.62% |
| 2025-08-20 | 29.62% |
| 2025-08-19 | 29.61% |
| 2025-08-18 | 29.61% |
| 2025-08-15 | 29.62% |
| 2025-08-14 | 29.62% |
| 2025-08-13 | 29.62% |
| 2025-08-12 | 29.62% |
| 2025-08-11 | 29.63% |
| 2025-08-08 | 29.62% |
| 2025-08-07 | 29.61% |
| 2025-08-06 | 29.62% |
| 2025-08-05 | 29.62% |
| 2025-08-04 | 29.61% |
| 2025-08-01 | 29.62% |
| 2025-07-31 | 31.59% |
| 2025-07-30 | 31.59% |
| 2025-07-29 | 31.59% |
| 2025-07-28 | 31.60% |
| 2025-07-25 | 31.60% |
| 2025-07-24 | 22.96% |
| 2025-07-23 | 22.97% |
| 2025-07-22 | 22.97% |
| 2025-07-21 | 30.62% |
| 2025-07-18 | 30.62% |
| 2025-07-17 | 30.62% |
| 2025-07-16 | 30.61% |
| 2025-07-15 | 30.62% |
| 2025-07-14 | 30.61% |
| 2025-07-11 | 30.61% |
| 2025-07-10 | 30.61% |
| 2025-07-09 | 30.61% |
| 2025-07-08 | 30.63% |
| 2025-07-07 | 30.62% |
| 2025-07-03 | 30.61% |
| 2025-07-02 | 30.62% |
| 2025-07-01 | 30.61% |
| 2025-06-30 | 30.62% |
| 2025-06-27 | 30.62% |
| 2025-06-26 | 30.61% |
| 2025-06-25 | 30.62% |
| 2025-06-24 | 30.61% |
| 2025-06-23 | 30.62% |
| 2025-06-20 | 30.62% |
| 2025-06-18 | 30.62% |
| 2025-06-17 | 30.62% |
| 2025-06-16 | 30.62% |
Showing the most recent 260 of 2,526 data points. The chart above shows the full history.
| 32.3% |
| 2019 | $4.53 | $1.18 | 26.0% |
| 2018 | $4.06 | $1.04 | 25.6% |
| 2017 | $3.74 | $0.86 | 23.0% |
| 2016 | $3.16 | $0.72 | 22.8% |
| 2015 | $2.73 | $0.68 | 24.9% |
| 2014 | $2.17 | $0.66 | 30.4% |
| 2013 | $1.74 | $0.58 | 33.3% |
| 2012 | $2.03 | $0.52 | 25.6% |
| 2011 | $2.03 | $0.48 | 23.6% |
| 2010 | $2.06 | $0.36 | 17.5% |
| 2009 | ($1.16) | $0.51 | N/A (Loss) |
| 2008 | $1.21 | $0.96 | 79.3% |
| 2007 | $2.19 | $1.19 | 54.5% |
| 2006 | $3.99 | $0.91 | 22.9% |
| 2005 | $2.05 | $1.13 | 55.1% |
| 2004 | $1.87 | $1.22 | 65.2% |
| 2003 | $1.54 | $1.45 | 93.9% |
| 2002 | $1.25 | $1.36 | 108.5% |
| 2001 | $1.84 | $1.68 | 91.6% |
| 2000 | $1.95 | $1.63 | 83.7% |
| 1999 | $2.31 | $0.84 | 36.3% |
| 1998 | $1.59 | $0.57 | 36.0% |
| 1997 | $1.44 | $0.52 | 36.1% |
| 1996 | $1.24 | $0.45 | 35.9% |
