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 30.65% is in line with its 5-year average of 32.20%, near the low end of its 5-year range (17.60%–67.21%).
As of Sunday, July 26, 2026. 1.65% above its 12-month average of 30.15%.
Dividend Payout Ratio (30.65%) = TTM Dividends/Share ($6.16) / TTM EPS ($20.10)
DIVIDEND PAYOUT RATIO
30.65%
DIVIDEND PAYOUT RATIO AVG TTM
30.15%
DIVIDEND PAYOUT RATIO AVG 3Y
28.32%
DIVIDEND PAYOUT RATIO AVG 5Y
31.13%
DIVIDEND PAYOUT RATIO AVG 10Y
39.24%
DIVIDEND PAYOUT RATIO AVG 15Y
37.25%
DIVIDEND PAYOUT RATIO AVG 20Y
38.97%
CURRENT VS TTM AVG
+1.65%
CURRENT VS 3Y AVG
+8.22%
CURRENT VS 5Y AVG
-1.55%
CURRENT VS 10Y AVG
-21.89%
CURRENT VS 15Y AVG
-17.71%
CURRENT VS 20Y AVG
-21.34%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $18.90 | $5.84 | 30.9% |
| 2024 | $22.17 | $5.42 | 24.4% |
| 2023 | $20.24 | $5.00 | 24.7% |
| 2022 | $12.73 | $4.62 | 36.3% |
| 2021 | $11.93 | $4.28 | 35.9% |
| 2020 | $5.51 | $4.12 |
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 | 30.65% |
| 2026-07-23 | 30.64% |
| 2026-07-22 | 30.64% |
| 2026-07-21 | 30.65% |
| 2026-07-20 | 38.16% |
| 2026-07-17 | 30.05% |
| 2026-07-16 | 30.05% |
| 2026-07-15 | 30.05% |
| 2026-07-14 | 30.05% |
| 2026-07-13 | 30.05% |
| 2026-07-10 | 30.05% |
| 2026-07-09 | 30.05% |
| 2026-07-08 | 30.05% |
| 2026-07-07 | 30.05% |
| 2026-07-06 | 30.05% |
| 2026-07-02 | 30.05% |
| 2026-07-01 | 30.05% |
| 2026-06-30 | 30.05% |
| 2026-06-29 | 30.05% |
| 2026-06-26 | 30.05% |
| 2026-06-25 | 30.05% |
| 2026-06-24 | 30.05% |
| 2026-06-23 | 30.05% |
| 2026-06-22 | 30.05% |
| 2026-06-18 | 30.05% |
| 2026-06-17 | 30.05% |
| 2026-06-16 | 30.05% |
| 2026-06-15 | 30.05% |
| 2026-06-12 | 30.05% |
| 2026-06-11 | 30.05% |
| 2026-06-10 | 30.05% |
| 2026-06-09 | 30.05% |
| 2026-06-08 | 30.05% |
| 2026-06-05 | 30.05% |
| 2026-06-04 | 30.05% |
| 2026-06-03 | 30.05% |
| 2026-06-02 | 30.05% |
| 2026-06-01 | 30.05% |
| 2026-05-29 | 30.05% |
| 2026-05-28 | 30.05% |
| 2026-05-27 | 30.05% |
| 2026-05-26 | 30.05% |
| 2026-05-22 | 30.05% |
| 2026-05-21 | 30.05% |
| 2026-05-20 | 30.05% |
| 2026-05-19 | 30.05% |
| 2026-05-18 | 30.05% |
| 2026-05-15 | 30.05% |
| 2026-05-14 | 30.05% |
| 2026-05-13 | 30.05% |
| 2026-05-12 | 30.05% |
| 2026-05-11 | 30.05% |
| 2026-05-08 | 30.05% |
| 2026-05-07 | 30.05% |
| 2026-05-06 | 30.05% |
| 2026-05-05 | 32.08% |
| 2026-05-04 | 32.08% |
| 2026-05-01 | 32.08% |
| 2026-04-30 | 32.08% |
| 2026-04-29 | 32.08% |
| 2026-04-28 | 32.07% |
| 2026-04-27 | 32.07% |
| 2026-04-24 | 32.08% |
| 2026-04-23 | 32.08% |
| 2026-04-22 | 32.08% |
| 2026-04-21 | 32.08% |
| 2026-04-20 | 39.56% |
| 2026-04-17 | 31.54% |
| 2026-04-16 | 31.54% |
| 2026-04-15 | 31.54% |
| 2026-04-14 | 31.55% |
| 2026-04-13 | 31.55% |
| 2026-04-10 | 31.55% |
| 2026-04-09 | 31.55% |
| 2026-04-08 | 31.55% |
| 2026-04-07 | 31.54% |
| 2026-04-06 | 31.54% |
| 2026-04-02 | 31.55% |
| 2026-04-01 | 31.54% |
| 2026-03-31 | 31.54% |
| 2026-03-30 | 31.55% |
| 2026-03-27 | 31.55% |
| 2026-03-26 | 31.54% |
| 2026-03-25 | 31.55% |
| 2026-03-24 | 31.55% |
| 2026-03-23 | 31.55% |
| 2026-03-20 | 31.55% |
| 2026-03-19 | 31.54% |
| 2026-03-18 | 31.55% |
| 2026-03-17 | 31.54% |
| 2026-03-16 | 31.54% |
| 2026-03-13 | 31.55% |
| 2026-03-12 | 31.54% |
| 2026-03-11 | 31.55% |
| 2026-03-10 | 31.54% |
| 2026-03-09 | 31.54% |
| 2026-03-06 | 31.55% |
| 2026-03-05 | 31.55% |
| 2026-03-04 | 31.54% |
| 2026-03-03 | 31.54% |
| 2026-03-02 | 31.54% |
| 2026-02-27 | 31.55% |
| 2026-02-26 | 31.55% |
| 2026-02-25 | 31.54% |
| 2026-02-24 | 31.55% |
| 2026-02-23 | 31.54% |
| 2026-02-20 | 31.55% |
| 2026-02-19 | 31.55% |
| 2026-02-18 | 31.54% |
| 2026-02-17 | 31.54% |
| 2026-02-13 | 31.55% |
| 2026-02-12 | 30.48% |
| 2026-02-11 | 30.47% |
| 2026-02-10 | 30.48% |
| 2026-02-09 | 30.48% |
| 2026-02-06 | 30.48% |
| 2026-02-05 | 30.47% |
| 2026-02-04 | 30.48% |
| 2026-02-03 | 30.47% |
| 2026-02-02 | 30.48% |
| 2026-01-30 | 30.48% |
| 2026-01-29 | 30.48% |
| 2026-01-28 | 30.48% |
| 2026-01-27 | 30.48% |
| 2026-01-26 | 30.48% |
| 2026-01-23 | 30.48% |
| 2026-01-22 | 30.48% |
| 2026-01-21 | 30.47% |
| 2026-01-20 | 37.71% |
| 2026-01-16 | 29.96% |
| 2026-01-15 | 29.97% |
| 2026-01-14 | 29.96% |
| 2026-01-13 | 29.96% |
| 2026-01-12 | 29.96% |
| 2026-01-09 | 29.96% |
| 2026-01-08 | 29.96% |
| 2026-01-07 | 29.97% |
| 2026-01-06 | 29.96% |
| 2026-01-05 | 29.96% |
| 2026-01-02 | 29.96% |
| 2025-12-31 | 29.96% |
| 2025-12-30 | 29.96% |
| 2025-12-29 | 29.96% |
| 2025-12-26 | 29.96% |
| 2025-12-24 | 29.96% |
| 2025-12-23 | 29.96% |
| 2025-12-22 | 29.96% |
| 2025-12-19 | 29.96% |
| 2025-12-18 | 29.96% |
| 2025-12-17 | 29.96% |
| 2025-12-16 | 29.97% |
| 2025-12-15 | 29.96% |
| 2025-12-12 | 29.97% |
| 2025-12-11 | 29.96% |
| 2025-12-10 | 29.96% |
| 2025-12-09 | 29.97% |
| 2025-12-08 | 29.97% |
| 2025-12-05 | 29.97% |
| 2025-12-04 | 29.96% |
| 2025-12-03 | 29.97% |
| 2025-12-02 | 29.97% |
| 2025-12-01 | 29.97% |
| 2025-11-28 | 29.96% |
| 2025-11-26 | 29.97% |
| 2025-11-25 | 29.96% |
| 2025-11-24 | 29.96% |
| 2025-11-21 | 29.96% |
| 2025-11-20 | 29.96% |
| 2025-11-19 | 29.96% |
| 2025-11-18 | 29.96% |
| 2025-11-17 | 29.96% |
| 2025-11-14 | 29.97% |
| 2025-11-13 | 29.96% |
| 2025-11-12 | 29.96% |
| 2025-11-11 | 29.96% |
| 2025-11-10 | 29.96% |
| 2025-11-07 | 29.96% |
| 2025-11-06 | 29.96% |
| 2025-11-05 | 29.96% |
| 2025-11-04 | 29.97% |
| 2025-11-03 | 29.97% |
| 2025-10-31 | 29.70% |
| 2025-10-30 | 29.70% |
| 2025-10-29 | 29.70% |
| 2025-10-28 | 29.71% |
| 2025-10-27 | 29.71% |
| 2025-10-24 | 29.71% |
| 2025-10-23 | 29.71% |
| 2025-10-22 | 29.71% |
| 2025-10-21 | 29.71% |
| 2025-10-20 | 36.88% |
| 2025-10-17 | 29.20% |
| 2025-10-16 | 29.20% |
| 2025-10-15 | 29.19% |
| 2025-10-14 | 29.20% |
| 2025-10-13 | 29.19% |
| 2025-10-10 | 29.20% |
| 2025-10-09 | 29.20% |
| 2025-10-08 | 29.20% |
| 2025-10-07 | 29.20% |
| 2025-10-06 | 29.20% |
| 2025-10-03 | 29.19% |
| 2025-10-02 | 29.19% |
| 2025-10-01 | 29.20% |
| 2025-09-30 | 29.20% |
| 2025-09-29 | 29.20% |
| 2025-09-26 | 29.20% |
| 2025-09-25 | 29.20% |
| 2025-09-24 | 29.20% |
| 2025-09-23 | 29.20% |
| 2025-09-22 | 29.19% |
| 2025-09-19 | 29.20% |
| 2025-09-18 | 29.19% |
| 2025-09-17 | 29.19% |
| 2025-09-16 | 29.19% |
| 2025-09-15 | 29.19% |
| 2025-09-12 | 29.20% |
| 2025-09-11 | 29.19% |
| 2025-09-10 | 29.19% |
| 2025-09-09 | 29.20% |
| 2025-09-08 | 29.19% |
| 2025-09-05 | 29.20% |
| 2025-09-04 | 29.19% |
| 2025-09-03 | 29.19% |
| 2025-09-02 | 29.19% |
| 2025-08-29 | 29.19% |
| 2025-08-28 | 29.19% |
| 2025-08-27 | 29.20% |
| 2025-08-26 | 29.20% |
| 2025-08-25 | 29.20% |
| 2025-08-22 | 29.20% |
| 2025-08-21 | 29.20% |
| 2025-08-20 | 29.19% |
| 2025-08-19 | 29.19% |
| 2025-08-18 | 29.20% |
| 2025-08-15 | 29.19% |
| 2025-08-14 | 29.20% |
| 2025-08-13 | 29.19% |
| 2025-08-12 | 29.19% |
| 2025-08-11 | 29.20% |
| 2025-08-08 | 29.20% |
| 2025-08-07 | 29.20% |
| 2025-08-06 | 29.20% |
| 2025-08-05 | 27.97% |
| 2025-08-04 | 27.98% |
| 2025-08-01 | 27.97% |
| 2025-07-31 | 27.98% |
| 2025-07-30 | 27.98% |
| 2025-07-29 | 27.98% |
| 2025-07-28 | 27.97% |
| 2025-07-25 | 27.98% |
| 2025-07-24 | 27.97% |
| 2025-07-23 | 27.98% |
| 2025-07-22 | 27.97% |
| 2025-07-21 | 34.84% |
| 2025-07-18 | 27.48% |
| 2025-07-17 | 27.48% |
| 2025-07-16 | 27.48% |
| 2025-07-15 | 27.49% |
| 2025-07-14 | 27.48% |
Showing the most recent 260 of 2,564 data points. The chart above shows the full history.
| 74.8% |
| 2019 | $10.85 | $3.78 | 34.8% |
| 2018 | $10.39 | $3.28 | 31.6% |
| 2017 | $1.27 | $3.10 | 244.1% |
| 2016 | ($0.11) | $3.08 | N/A (Loss) |
| 2015 | $4.23 | $2.94 | 69.5% |
| 2014 | $5.99 | $2.60 | 43.4% |
| 2013 | $5.87 | $1.72 | 29.3% |
| 2012 | $8.71 | $2.48 | 28.5% |
| 2011 | $7.64 | $1.80 | 23.6% |
| 2010 | $4.28 | $1.72 | 40.2% |
| 2009 | $1.45 | $1.68 | 115.9% |
| 2008 | $5.83 | $1.56 | 26.8% |
| 2007 | $5.55 | $1.32 | 23.8% |
| 2006 | $5.37 | $1.10 | 20.5% |
| 2005 | $4.21 | $0.91 | 21.6% |
| 2004 | $3.97 | $0.78 | 19.6% |
| 2003 | $1.59 | $0.71 | 44.7% |
| 2002 | $1.16 | $0.70 | 60.3% |
| 2001 | $1.17 | $0.69 | 59.0% |
| 2000 | $1.52 | $0.67 | 43.8% |
| 1999 | $1.33 | $0.63 | 47.0% |
| 1998 | $2.09 | $0.55 | 26.3% |
| 1997 | $2.22 | $0.45 | 20.3% |
| 1996 | $1.77 | $0.38 | 21.2% |
