Reported quarterly values; no daily interpolation.
-2.1pp over 10Y
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Annual Dividend History(ex-date basis)
Year
Dividend/Share
YoY Growth
2026(YTD)
$6.20
Not comparable
2025
$7.64
+9.14%
2024
$7.00
+7.69%
2023
$6.50
+7.62%
2022
$6.04
+7.86%
2021
$5.60
+6.00%
2020
$5.28
+7.77%
2019
$4.90
+10.41%
Dividend Yield Metrics
Current Yield
1.46%
Average Yield (TTM)
1.41%
Average Yield (3Y)
2.38%
Forward Yield on Cost (3Y)
1.84%
Forward Yield on Cost (5Y)
2.15%
Forward Yield on Cost (10Y)
3.17%
Payout Ratio Analysis
Payout Ratio (Current)
41.92%
FCF Payout Ratio
33.58%
Payout Ratio (3Y Avg)
62.27%
Payout Ratio (5Y Avg)
52.91%
FCF Payout (3Y Avg)
141.45%
FCF Payout (5Y Avg)
112.23%
An FCF payout above 100% means dividends exceeded the period's free cash flow, often because of temporarily depressed FCF (one-off capex or working-capital swings) rather than an unfunded dividend. Compare against the earnings payout ratio and the multi-year trend before drawing a conclusion.
Dividend Coverage
Payout Ratio
41.9%
Dividends / net income
FCF Payout Ratio
33.6%
Dividends / free cash flow
Consecutive Years
20 years
Consecutive years of dividend increases
5Y Dividend Growth
7.7%
Compound annual dividend growth
This step chart displays the nominal dividend payouts over time by ex-dividend date (the date you must own the stock by to receive each payment), matching the distribution frequency.
