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 32.66% is 69% below its 5-year average of 104.49%, near the low end of its 5-year range (31.99%–122.92%).
As of Thursday, September 10, 2026. 42.49% below its 12-month average of 56.79%.
Dividend Payout Ratio (32.66%) = TTM Dividends/Share ($3.85) / TTM EPS ($11.79)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-10.
DIVIDEND PAYOUT RATIO
32.66%
DIVIDEND PAYOUT RATIO AVG TTM
56.79%
DIVIDEND PAYOUT RATIO AVG 3Y
82.78%
DIVIDEND PAYOUT RATIO AVG 5Y
104.49%
DIVIDEND PAYOUT RATIO AVG 10Y
96.25%
DIVIDEND PAYOUT RATIO AVG 15Y
84.90%
DIVIDEND PAYOUT RATIO AVG 20Y
73.83%
CURRENT VS TTM AVG
-42.49%
CURRENT VS 3Y AVG
-60.54%
CURRENT VS 5Y AVG
-68.74%
CURRENT VS 10Y AVG
-66.07%
CURRENT VS 15Y AVG
-61.53%
CURRENT VS 20Y AVG
-55.76%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $11.18 | $5.00 | 44.7% |
| 2024-12-31 | $9.69 | $10.40 | 107.3% |
| 2023-12-31 | $8.87 | $9.65 | 108.8% |
| 2022-12-31 | $7.41 | $8.50 | 114.7% |
| 2021-12-31 | $7.30 | $6.85 | 93.8% |
| 2020-12-31 | $5.88 |
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 |
|---|---|
| 2026-09-10 | 32.66% |
| 2026-09-09 | 32.66% |
| 2026-09-08 | 32.23% |
| 2026-09-04 | 32.23% |
| 2026-09-03 | 32.23% |
| 2026-09-02 | 32.23% |
| 2026-09-01 | 32.24% |
| 2026-08-31 | 32.24% |
| 2026-08-28 | 32.23% |
| 2026-08-27 | 32.23% |
| 2026-08-26 | 32.23% |
| 2026-08-25 | 32.23% |
| 2026-08-24 | 32.23% |
| 2026-08-21 | 32.23% |
| 2026-08-20 | 32.22% |
| 2026-08-19 | 32.23% |
| 2026-08-18 | 32.23% |
| 2026-08-17 | 32.23% |
| 2026-08-14 | 32.23% |
| 2026-08-13 | 32.22% |
| 2026-08-12 | 32.24% |
| 2026-08-11 | 32.22% |
| 2026-08-10 | 32.23% |
| 2026-08-07 | 32.23% |
| 2026-08-06 | 32.23% |
| 2026-08-05 | 32.23% |
| 2026-08-04 | 32.24% |
| 2026-08-03 | 32.24% |
| 2026-07-31 | 32.23% |
| 2026-07-30 | 32.22% |
| 2026-07-29 | 32.22% |
| 2026-07-28 | 32.23% |
| 2026-07-27 | 32.23% |
| 2026-07-24 | 32.42% |
| 2026-07-23 | 32.42% |
| 2026-07-22 | 32.43% |
| 2026-07-21 | 32.42% |
| 2026-07-20 | 32.42% |
| 2026-07-17 | 32.43% |
| 2026-07-16 | 32.42% |
| 2026-07-15 | 32.42% |
| 2026-07-14 | 32.43% |
| 2026-07-13 | 32.42% |
| 2026-07-10 | 32.42% |
| 2026-07-09 | 32.42% |
| 2026-07-08 | 32.42% |
| 2026-07-07 | 32.42% |
| 2026-07-06 | 32.42% |
| 2026-07-02 | 32.43% |
| 2026-07-01 | 32.42% |
| 2026-06-30 | 32.42% |
| 2026-06-29 | 32.42% |
| 2026-06-26 | 32.43% |
| 2026-06-25 | 32.43% |
| 2026-06-24 | 32.43% |
| 2026-06-23 | 32.42% |
| 2026-06-22 | 32.42% |
| 2026-06-18 | 32.42% |
| 2026-06-17 | 32.43% |
| 2026-06-16 | 32.42% |
| 2026-06-15 | 32.42% |
| 2026-06-12 | 32.43% |
| 2026-06-11 | 32.42% |
| 2026-06-10 | 32.43% |
| 2026-06-09 | 32.43% |
| 2026-06-08 | 31.99% |
| 2026-06-05 | 31.99% |
| 2026-06-04 | 32.00% |
| 2026-06-03 | 32.00% |
| 2026-06-02 | 32.00% |
| 2026-06-01 | 31.99% |
| 2026-05-29 | 32.00% |
| 2026-05-28 | 32.00% |
| 2026-05-27 | 31.99% |
| 2026-05-26 | 32.00% |
| 2026-05-22 | 32.00% |
| 2026-05-21 | 31.99% |
| 2026-05-20 | 31.99% |
| 2026-05-19 | 32.00% |
| 2026-05-18 | 31.99% |
| 2026-05-15 | 32.00% |
| 2026-05-14 | 32.00% |
| 2026-05-13 | 31.99% |
| 2026-05-12 | 31.99% |
| 2026-05-11 | 32.00% |
| 2026-05-08 | 32.00% |
| 2026-05-07 | 32.00% |
| 2026-05-06 | 31.99% |
| 2026-05-05 | 31.99% |
| 2026-05-04 | 32.00% |
| 2026-05-01 | 31.99% |
| 2026-04-30 | 32.00% |
| 2026-04-29 | 32.00% |
| 2026-04-28 | 32.00% |
| 2026-04-27 | 32.00% |
| 2026-04-24 | 33.60% |
| 2026-04-23 | 33.60% |
| 2026-04-22 | 33.60% |
| 2026-04-21 | 33.60% |
| 2026-04-20 | 33.61% |
| 2026-04-17 | 33.61% |
| 2026-04-16 | 33.60% |
| 2026-04-15 | 33.60% |
| 2026-04-14 | 33.61% |
| 2026-04-13 | 33.60% |
| 2026-04-10 | 33.60% |
| 2026-04-09 | 33.61% |
| 2026-04-08 | 33.60% |
| 2026-04-07 | 33.60% |
| 2026-04-06 | 33.60% |
| 2026-04-02 | 33.60% |
| 2026-04-01 | 33.61% |
| 2026-03-31 | 33.61% |
| 2026-03-30 | 33.60% |
| 2026-03-27 | 33.60% |
| 2026-03-26 | 33.60% |
| 2026-03-25 | 33.60% |
| 2026-03-24 | 33.60% |
| 2026-03-23 | 33.60% |
| 2026-03-20 | 33.61% |
| 2026-03-19 | 33.60% |
| 2026-03-18 | 33.60% |
| 2026-03-17 | 33.61% |
| 2026-03-16 | 33.60% |
| 2026-03-13 | 33.60% |
| 2026-03-12 | 33.60% |
| 2026-03-11 | 33.60% |
| 2026-03-10 | 33.60% |
| 2026-03-09 | 33.60% |
| 2026-03-06 | 44.80% |
| 2026-03-05 | 44.81% |
| 2026-03-04 | 44.80% |
| 2026-03-03 | 44.80% |
| 2026-03-02 | 44.80% |
| 2026-02-27 | 44.80% |
| 2026-02-26 | 48.44% |
| 2026-02-25 | 48.44% |
| 2026-02-24 | 48.44% |
| 2026-02-23 | 48.46% |
| 2026-02-20 | 48.44% |
| 2026-02-19 | 48.45% |
| 2026-02-18 | 48.45% |
| 2026-02-17 | 48.45% |
| 2026-02-13 | 48.45% |
| 2026-02-12 | 48.45% |
| 2026-02-11 | 48.45% |
| 2026-02-10 | 48.44% |
| 2026-02-09 | 48.45% |
| 2026-02-06 | 48.45% |
| 2026-02-05 | 48.46% |
| 2026-02-04 | 48.45% |
| 2026-02-03 | 48.45% |
| 2026-02-02 | 48.46% |
| 2026-01-30 | 48.45% |
| 2026-01-29 | 48.44% |
| 2026-01-28 | 48.45% |
| 2026-01-27 | 48.46% |
| 2026-01-26 | 48.44% |
| 2026-01-23 | 48.45% |
| 2026-01-22 | 48.46% |
| 2026-01-21 | 48.45% |
| 2026-01-20 | 48.44% |
| 2026-01-16 | 48.44% |
| 2026-01-15 | 48.44% |
| 2026-01-14 | 48.45% |
| 2026-01-13 | 48.44% |
| 2026-01-12 | 48.46% |
| 2026-01-09 | 48.45% |
| 2026-01-08 | 48.45% |
| 2026-01-07 | 48.45% |
| 2026-01-06 | 48.45% |
| 2026-01-05 | 48.44% |
| 2026-01-02 | 48.45% |
| 2025-12-31 | 48.45% |
| 2025-12-30 | 48.45% |
| 2025-12-29 | 48.45% |
| 2025-12-26 | 104.63% |
| 2025-12-24 | 104.65% |
| 2025-12-23 | 104.66% |
| 2025-12-22 | 104.64% |
| 2025-12-19 | 104.63% |
| 2025-12-18 | 104.66% |
| 2025-12-17 | 104.67% |
| 2025-12-16 | 104.66% |
| 2025-12-15 | 104.64% |
| 2025-12-12 | 104.66% |
| 2025-12-11 | 92.56% |
| 2025-12-10 | 92.55% |
| 2025-12-09 | 92.52% |
| 2025-12-08 | 103.67% |
| 2025-12-05 | 103.69% |
| 2025-12-04 | 103.67% |
| 2025-12-03 | 103.67% |
| 2025-12-02 | 103.69% |
| 2025-12-01 | 103.67% |
| 2025-11-28 | 103.67% |
| 2025-11-26 | 103.70% |
| 2025-11-25 | 103.69% |
| 2025-11-24 | 103.67% |
| 2025-11-21 | 103.67% |
| 2025-11-20 | 103.69% |
| 2025-11-19 | 103.67% |
| 2025-11-18 | 103.67% |
| 2025-11-17 | 103.69% |
| 2025-11-14 | 103.68% |
| 2025-11-13 | 103.66% |
| 2025-11-12 | 103.68% |
| 2025-11-11 | 103.68% |
| 2025-11-10 | 103.69% |
| 2025-11-07 | 103.67% |
| 2025-11-06 | 103.68% |
| 2025-11-05 | 103.69% |
| 2025-11-04 | 103.66% |
| 2025-11-03 | 103.69% |
| 2025-10-31 | 103.70% |
| 2025-10-30 | 103.67% |
| 2025-10-29 | 103.67% |
| 2025-10-28 | 103.69% |
| 2025-10-27 | 103.69% |
| 2025-10-24 | 103.57% |
| 2025-10-23 | 103.58% |
| 2025-10-22 | 103.60% |
| 2025-10-21 | 103.57% |
| 2025-10-20 | 103.59% |
| 2025-10-17 | 103.59% |
| 2025-10-16 | 103.57% |
| 2025-10-15 | 103.59% |
| 2025-10-14 | 103.56% |
| 2025-10-13 | 103.58% |
| 2025-10-10 | 103.59% |
| 2025-10-09 | 103.60% |
| 2025-10-08 | 103.59% |
| 2025-10-07 | 103.59% |
| 2025-10-06 | 103.59% |
| 2025-10-03 | 103.58% |
| 2025-10-02 | 103.60% |
| 2025-10-01 | 103.56% |
| 2025-09-30 | 103.60% |
| 2025-09-29 | 103.56% |
| 2025-09-26 | 103.56% |
| 2025-09-25 | 103.56% |
| 2025-09-24 | 103.59% |
| 2025-09-23 | 103.59% |
| 2025-09-22 | 103.57% |
| 2025-09-19 | 103.59% |
| 2025-09-18 | 103.60% |
| 2025-09-17 | 103.57% |
| 2025-09-16 | 103.57% |
| 2025-09-15 | 103.60% |
| 2025-09-12 | 103.57% |
| 2025-09-11 | 103.58% |
| 2025-09-10 | 103.58% |
| 2025-09-09 | 103.59% |
| 2025-09-08 | 102.62% |
| 2025-09-05 | 102.63% |
| 2025-09-04 | 102.62% |
| 2025-09-03 | 102.60% |
| 2025-09-02 | 102.61% |
| 2025-08-29 | 102.62% |
| 2025-08-28 | 102.59% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $5.90 |
| 100.3% |
| 2019-12-31 | $5.93 | $5.50 | 92.7% |
| 2018-12-31 | $5.73 | $4.55 | 79.4% |
| 2017-12-31 | $12.00 | $6.14 | 51.2% |
| 2016-12-31 | $4.55 | $5.65 | 124.2% |
| 2015-12-31 | $3.71 | $2.00 | 53.9% |
| 2014-12-31 | $3.37 | $3.88 | 115.1% |
| 2013-12-31 | $2.94 | $1.80 | 61.2% |
| 2012-12-31 | $2.71 | $3.69 | 136.2% |
| 2011-12-31 | $5.45 | $1.12 | 20.6% |
| 2010-12-31 | $2.87 | $0.92 | 32.1% |
| 2009-12-31 | $2.49 | $0.92 | 36.9% |
| 2008-12-31 | $2.44 | $1.92 | 78.7% |
| 2007-12-31 | $3.01 | $0.69 | 22.9% |
| 2006-12-31 | $2.35 | $0.50 | 21.4% |
| 2005-12-31 | $1.79 | $0.37 | 20.6% |
| 2004-12-31 | $1.31 | $0.21 | 15.9% |
| 2003-12-31 | $0.75 | $0.13 | 16.8% |
