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 83.21% is 15% above its 5-year average of 72.20%, around the middle of its 5-year range (55.79%–124.73%).
As of Wednesday, September 9, 2026. 18.06% above its 12-month average of 70.48%.
Dividend Payout Ratio (83.21%) = TTM Dividends/Share ($2.10) / TTM EPS ($2.52)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-09.
DIVIDEND PAYOUT RATIO
83.21%
DIVIDEND PAYOUT RATIO AVG TTM
70.48%
DIVIDEND PAYOUT RATIO AVG 3Y
69.26%
DIVIDEND PAYOUT RATIO AVG 5Y
72.20%
DIVIDEND PAYOUT RATIO AVG 10Y
69.03%
DIVIDEND PAYOUT RATIO AVG 15Y
61.49%
DIVIDEND PAYOUT RATIO AVG 20Y
57.43%
CURRENT VS TTM AVG
+18.06%
CURRENT VS 3Y AVG
+20.14%
CURRENT VS 5Y AVG
+15.24%
CURRENT VS 10Y AVG
+20.53%
CURRENT VS 15Y AVG
+35.32%
CURRENT VS 20Y AVG
+44.89%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $2.64 | $2.06 | 78.0% |
| 2024-12-31 | $3.53 | $1.98 | 56.1% |
| 2023-12-31 | $2.78 | $1.91 | 68.7% |
| 2022-12-31 | $2.13 | $1.86 | 87.3% |
| 2021-12-31 | $2.56 | $1.79 | 69.9% |
| 2020-12-31 | $3.15 |
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 |
|---|---|
| 2026-09-09 | 83.21% |
| 2026-09-08 | 83.21% |
| 2026-09-04 | 83.20% |
| 2026-09-03 | 83.19% |
| 2026-09-02 | 83.21% |
| 2026-09-01 | 83.20% |
| 2026-08-31 | 83.21% |
| 2026-08-28 | 83.19% |
| 2026-08-27 | 83.21% |
| 2026-08-26 | 83.19% |
| 2026-08-25 | 83.19% |
| 2026-08-24 | 83.21% |
| 2026-08-21 | 83.21% |
| 2026-08-20 | 83.20% |
| 2026-08-19 | 83.20% |
| 2026-08-18 | 83.21% |
| 2026-08-17 | 83.20% |
| 2026-08-14 | 83.20% |
| 2026-08-13 | 83.20% |
| 2026-08-12 | 83.21% |
| 2026-08-11 | 83.19% |
| 2026-08-10 | 83.21% |
| 2026-08-07 | 83.19% |
| 2026-08-06 | 83.21% |
| 2026-08-05 | 83.21% |
| 2026-08-04 | 83.20% |
| 2026-08-03 | 83.20% |
| 2026-07-31 | 81.58% |
| 2026-07-30 | 81.59% |
| 2026-07-29 | 81.58% |
| 2026-07-28 | 81.59% |
| 2026-07-27 | 81.58% |
| 2026-07-24 | 81.59% |
| 2026-07-23 | 81.59% |
| 2026-07-22 | 81.59% |
| 2026-07-21 | 81.59% |
| 2026-07-20 | 81.57% |
| 2026-07-17 | 81.19% |
| 2026-07-16 | 81.20% |
| 2026-07-15 | 81.21% |
| 2026-07-14 | 81.21% |
| 2026-07-13 | 81.19% |
| 2026-07-10 | 81.21% |
| 2026-07-09 | 81.20% |
| 2026-07-08 | 81.21% |
| 2026-07-07 | 81.20% |
| 2026-07-06 | 81.19% |
| 2026-07-02 | 81.20% |
| 2026-07-01 | 81.20% |
| 2026-06-30 | 81.20% |
| 2026-06-29 | 81.20% |
| 2026-06-26 | 81.20% |
| 2026-06-25 | 81.20% |
| 2026-06-24 | 81.21% |
| 2026-06-23 | 81.20% |
| 2026-06-22 | 81.20% |
| 2026-06-18 | 81.19% |
| 2026-06-17 | 81.20% |
| 2026-06-16 | 81.19% |
| 2026-06-15 | 81.20% |
| 2026-06-12 | 81.19% |
| 2026-06-11 | 81.20% |
| 2026-06-10 | 81.21% |
| 2026-06-09 | 81.20% |
| 2026-06-08 | 81.20% |
| 2026-06-05 | 81.19% |
| 2026-06-04 | 81.19% |
| 2026-06-03 | 81.19% |
| 2026-06-02 | 81.19% |
| 2026-06-01 | 81.21% |
| 2026-05-29 | 81.21% |
| 2026-05-28 | 81.20% |
| 2026-05-27 | 81.21% |
| 2026-05-26 | 81.20% |
| 2026-05-22 | 81.19% |
| 2026-05-21 | 81.21% |
| 2026-05-20 | 81.19% |
| 2026-05-19 | 81.19% |
| 2026-05-18 | 81.19% |
| 2026-05-15 | 81.20% |
| 2026-05-14 | 81.19% |
| 2026-05-13 | 81.20% |
| 2026-05-12 | 81.20% |
| 2026-05-11 | 81.20% |
| 2026-05-08 | 81.19% |
| 2026-05-07 | 81.20% |
| 2026-05-06 | 81.20% |
| 2026-05-05 | 81.20% |
| 2026-05-04 | 81.21% |
| 2026-05-01 | 81.20% |
| 2026-04-30 | 81.19% |
| 2026-04-29 | 81.19% |
| 2026-04-28 | 81.19% |
| 2026-04-27 | 81.20% |
| 2026-04-24 | 81.21% |
| 2026-04-23 | 81.21% |
| 2026-04-22 | 81.19% |
| 2026-04-21 | 81.19% |
| 2026-04-20 | 81.19% |
| 2026-04-17 | 60.61% |
| 2026-04-16 | 80.82% |
| 2026-04-15 | 80.82% |
| 2026-04-14 | 80.82% |
| 2026-04-13 | 80.82% |
| 2026-04-10 | 80.82% |
| 2026-04-09 | 80.82% |
| 2026-04-08 | 80.82% |
| 2026-04-07 | 80.82% |
| 2026-04-06 | 80.81% |
| 2026-04-02 | 80.82% |
| 2026-04-01 | 80.80% |
| 2026-03-31 | 79.27% |
| 2026-03-30 | 79.26% |
| 2026-03-27 | 79.26% |
| 2026-03-26 | 79.28% |
| 2026-03-25 | 79.27% |
| 2026-03-24 | 79.26% |
| 2026-03-23 | 79.26% |
| 2026-03-20 | 79.27% |
| 2026-03-19 | 79.26% |
| 2026-03-18 | 79.26% |
| 2026-03-17 | 79.28% |
| 2026-03-16 | 79.26% |
| 2026-03-13 | 79.28% |
| 2026-03-12 | 79.27% |
| 2026-03-11 | 79.27% |
| 2026-03-10 | 79.27% |
| 2026-03-09 | 79.26% |
| 2026-03-06 | 79.28% |
| 2026-03-05 | 79.28% |
| 2026-03-04 | 79.27% |
| 2026-03-03 | 79.27% |
| 2026-03-02 | 79.27% |
| 2026-02-27 | 79.26% |
| 2026-02-26 | 79.28% |
| 2026-02-25 | 79.27% |
| 2026-02-24 | 79.27% |
| 2026-02-23 | 58.27% |
| 2026-02-20 | 58.27% |
| 2026-02-19 | 58.25% |
| 2026-02-18 | 58.26% |
| 2026-02-17 | 58.26% |
| 2026-02-13 | 58.27% |
| 2026-02-12 | 58.27% |
| 2026-02-11 | 58.27% |
| 2026-02-10 | 58.26% |
| 2026-02-09 | 58.27% |
| 2026-02-06 | 58.27% |
| 2026-02-05 | 58.27% |
| 2026-02-04 | 58.25% |
| 2026-02-03 | 58.26% |
| 2026-02-02 | 58.26% |
| 2026-01-30 | 58.26% |
| 2026-01-29 | 58.27% |
| 2026-01-28 | 58.26% |
| 2026-01-27 | 58.26% |
| 2026-01-26 | 58.27% |
| 2026-01-23 | 58.25% |
| 2026-01-22 | 58.27% |
| 2026-01-21 | 58.25% |
| 2026-01-20 | 57.70% |
| 2026-01-16 | 57.72% |
| 2026-01-15 | 57.69% |
| 2026-01-14 | 57.69% |
| 2026-01-13 | 57.71% |
| 2026-01-12 | 57.70% |
| 2026-01-09 | 57.69% |
| 2026-01-08 | 57.70% |
| 2026-01-07 | 57.69% |
| 2026-01-06 | 57.69% |
| 2026-01-05 | 57.71% |
| 2026-01-02 | 57.70% |
| 2025-12-31 | 57.69% |
| 2025-12-30 | 57.70% |
| 2025-12-29 | 57.70% |
| 2025-12-26 | 57.69% |
| 2025-12-24 | 57.71% |
| 2025-12-23 | 57.70% |
| 2025-12-22 | 57.70% |
| 2025-12-19 | 57.70% |
| 2025-12-18 | 57.69% |
| 2025-12-17 | 57.69% |
| 2025-12-16 | 57.69% |
| 2025-12-15 | 57.70% |
| 2025-12-12 | 57.69% |
| 2025-12-11 | 57.71% |
| 2025-12-10 | 57.70% |
| 2025-12-09 | 57.69% |
| 2025-12-08 | 57.70% |
| 2025-12-05 | 57.71% |
| 2025-12-04 | 57.71% |
| 2025-12-03 | 57.69% |
| 2025-12-02 | 57.71% |
| 2025-12-01 | 57.70% |
| 2025-11-28 | 57.71% |
| 2025-11-26 | 57.70% |
| 2025-11-25 | 57.71% |
| 2025-11-24 | 57.70% |
| 2025-11-21 | 57.70% |
| 2025-11-20 | 57.70% |
| 2025-11-19 | 57.70% |
| 2025-11-18 | 57.70% |
| 2025-11-17 | 57.71% |
| 2025-11-14 | 57.70% |
| 2025-11-13 | 57.70% |
| 2025-11-12 | 57.71% |
| 2025-11-11 | 57.70% |
| 2025-11-10 | 57.70% |
| 2025-11-07 | 57.70% |
| 2025-11-06 | 57.69% |
| 2025-11-05 | 57.69% |
| 2025-11-04 | 57.70% |
| 2025-11-03 | 57.70% |
| 2025-10-31 | 57.86% |
| 2025-10-30 | 57.86% |
| 2025-10-29 | 57.86% |
| 2025-10-28 | 57.87% |
| 2025-10-27 | 57.86% |
| 2025-10-24 | 57.86% |
| 2025-10-23 | 57.86% |
| 2025-10-22 | 57.86% |
| 2025-10-21 | 57.85% |
| 2025-10-20 | 57.86% |
| 2025-10-17 | 71.89% |
| 2025-10-16 | 57.30% |
| 2025-10-15 | 57.31% |
| 2025-10-14 | 57.30% |
| 2025-10-13 | 57.29% |
| 2025-10-10 | 57.31% |
| 2025-10-09 | 57.31% |
| 2025-10-08 | 57.30% |
| 2025-10-07 | 57.30% |
| 2025-10-06 | 57.31% |
| 2025-10-03 | 57.30% |
| 2025-10-02 | 57.31% |
| 2025-10-01 | 57.29% |
| 2025-09-30 | 57.32% |
| 2025-09-29 | 57.29% |
| 2025-09-26 | 57.31% |
| 2025-09-25 | 57.31% |
| 2025-09-24 | 57.31% |
| 2025-09-23 | 57.29% |
| 2025-09-22 | 57.30% |
| 2025-09-19 | 57.30% |
| 2025-09-18 | 57.30% |
| 2025-09-17 | 57.31% |
| 2025-09-16 | 57.31% |
| 2025-09-15 | 57.30% |
| 2025-09-12 | 57.30% |
| 2025-09-11 | 57.30% |
| 2025-09-10 | 57.30% |
| 2025-09-09 | 57.29% |
| 2025-09-08 | 57.31% |
| 2025-09-05 | 57.30% |
| 2025-09-04 | 57.30% |
| 2025-09-03 | 57.30% |
| 2025-09-02 | 57.32% |
| 2025-08-29 | 57.32% |
| 2025-08-28 | 57.30% |
| 2025-08-27 | 57.30% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| $1.75 |
| 55.6% |
| 2019-12-31 | $2.76 | $1.71 | 62.0% |
| 2018-12-31 | $2.76 | $1.66 | 60.1% |
| 2017-12-31 | $2.30 | $1.59 | 69.1% |
| 2016-12-31 | $2.74 | $1.55 | 56.6% |
| 2015-12-31 | $1.53 | $1.50 | 98.0% |
| 2014-12-31 | $2.38 | $1.42 | 59.7% |
| 2013-12-31 | $2.41 | $1.33 | 55.2% |
| 2012-12-31 | $2.60 | $1.22 | 46.9% |
| 2011-12-31 | $2.49 | $1.14 | 45.6% |
| 2010-12-31 | $2.23 | $1.02 | 45.5% |
| 2009-12-31 | $2.27 | $0.86 | 37.9% |
| 2008-12-31 | $1.91 | $0.78 | 40.8% |
| 2007-12-31 | $1.68 | $0.70 | 41.7% |
| 2006-12-31 | $1.29 | $0.63 | 48.4% |
| 2005-12-31 | $1.27 | $0.56 | 43.7% |
| 2004-12-31 | $1.23 | $0.48 | 39.0% |
| 2003-12-31 | $1.30 | $0.45 | 34.6% |
| 2002-12-31 | $1.17 | $0.36 | 30.8% |
| 2001-12-31 | $1.01 | $0.34 | 33.4% |
| 2000-12-31 | $0.91 | $0.32 | 34.6% |
| 1999-12-31 | $0.79 | $0.29 | 37.3% |
| 1998-12-31 | $0.70 | $0.28 | 39.3% |
| 1997-12-31 | $0.61 | $0.27 | 43.4% |
| 1996-12-31 | $0.53 | $0.23 | 44.3% |
