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 41.92% is in line with its 5-year average of 39.86%, near the low end of its 5-year range (24.58%–129.37%).
As of Friday, September 4, 2026. 7.50% above its 12-month average of 39.00%.
Dividend Payout Ratio (41.92%) = TTM Dividends/Share ($8.20) / TTM EPS ($19.56)
DIVIDEND PAYOUT RATIO
41.92%
DIVIDEND PAYOUT RATIO AVG TTM
39.00%
DIVIDEND PAYOUT RATIO AVG 3Y
40.02%
DIVIDEND PAYOUT RATIO AVG 5Y
39.86%
DIVIDEND PAYOUT RATIO AVG 10Y
40.82%
DIVIDEND PAYOUT RATIO AVG 15Y
37.32%
DIVIDEND PAYOUT RATIO AVG 20Y
33.45%
CURRENT VS TTM AVG
+7.50%
CURRENT VS 3Y AVG
+4.75%
CURRENT VS 5Y AVG
+5.19%
CURRENT VS 10Y AVG
+2.70%
CURRENT VS 15Y AVG
+12.35%
CURRENT VS 20Y AVG
+25.35%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $20.62 | $7.64 | 37.1% |
| 2024-12-31 | $28.55 | $7.00 | 24.5% |
| 2023-12-31 | $5.19 | $6.50 | 125.2% |
| 2022-12-31 | $15.20 | $6.04 | 39.7% |
| 2021-12-31 | $14.74 | $5.60 | 38.0% |
| 2020-12-31 | $12.07 |
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 |
|---|---|
| 2026-09-04 | 41.92% |
| 2026-09-03 | 41.92% |
| 2026-09-02 | 41.92% |
| 2026-09-01 | 41.93% |
| 2026-08-31 | 41.92% |
| 2026-08-28 | 41.93% |
| 2026-08-27 | 41.92% |
| 2026-08-26 | 41.93% |
| 2026-08-25 | 41.93% |
| 2026-08-24 | 41.92% |
| 2026-08-21 | 52.14% |
| 2026-08-20 | 40.90% |
| 2026-08-19 | 40.90% |
| 2026-08-18 | 40.90% |
| 2026-08-17 | 40.90% |
| 2026-08-14 | 40.90% |
| 2026-08-13 | 40.90% |
| 2026-08-12 | 40.90% |
| 2026-08-11 | 40.90% |
| 2026-08-10 | 40.91% |
| 2026-08-07 | 40.90% |
| 2026-08-06 | 40.90% |
| 2026-08-05 | 40.90% |
| 2026-08-04 | 40.90% |
| 2026-08-03 | 41.56% |
| 2026-07-31 | 41.56% |
| 2026-07-30 | 41.56% |
| 2026-07-29 | 41.56% |
| 2026-07-28 | 41.56% |
| 2026-07-27 | 41.56% |
| 2026-07-24 | 41.56% |
| 2026-07-23 | 41.56% |
| 2026-07-22 | 41.55% |
| 2026-07-21 | 41.56% |
| 2026-07-20 | 41.56% |
| 2026-07-17 | 41.56% |
| 2026-07-16 | 41.55% |
| 2026-07-15 | 41.55% |
| 2026-07-14 | 41.55% |
| 2026-07-13 | 41.55% |
| 2026-07-10 | 41.55% |
| 2026-07-09 | 41.56% |
| 2026-07-08 | 41.55% |
| 2026-07-07 | 41.55% |
| 2026-07-06 | 41.55% |
| 2026-07-02 | 41.55% |
| 2026-07-01 | 41.56% |
| 2026-06-30 | 41.56% |
| 2026-06-29 | 41.56% |
| 2026-06-26 | 41.56% |
| 2026-06-25 | 41.56% |
| 2026-06-24 | 41.56% |
| 2026-06-23 | 41.55% |
| 2026-06-22 | 41.56% |
| 2026-06-18 | 41.56% |
| 2026-06-17 | 41.56% |
| 2026-06-16 | 41.56% |
| 2026-06-15 | 41.56% |
| 2026-06-12 | 41.55% |
| 2026-06-11 | 41.56% |
| 2026-06-10 | 41.55% |
| 2026-06-09 | 41.56% |
| 2026-06-08 | 41.55% |
| 2026-06-05 | 41.56% |
| 2026-06-04 | 41.56% |
| 2026-06-03 | 41.56% |
| 2026-06-02 | 41.55% |
| 2026-06-01 | 41.56% |
| 2026-05-29 | 41.56% |
| 2026-05-28 | 41.56% |
| 2026-05-27 | 41.55% |
| 2026-05-26 | 41.56% |
| 2026-05-22 | 51.01% |
| 2026-05-21 | 40.62% |
| 2026-05-20 | 40.63% |
| 2026-05-19 | 40.63% |
| 2026-05-18 | 40.62% |
| 2026-05-15 | 40.62% |
| 2026-05-14 | 40.63% |
| 2026-05-13 | 40.62% |
| 2026-05-12 | 40.62% |
| 2026-05-11 | 40.62% |
| 2026-05-08 | 40.62% |
| 2026-05-07 | 40.62% |
| 2026-05-06 | 40.62% |
| 2026-05-05 | 40.62% |
| 2026-05-04 | 38.15% |
| 2026-05-01 | 38.15% |
| 2026-04-30 | 38.14% |
| 2026-04-29 | 38.15% |
| 2026-04-28 | 38.15% |
| 2026-04-27 | 38.14% |
| 2026-04-24 | 38.14% |
| 2026-04-23 | 38.15% |
| 2026-04-22 | 38.14% |
| 2026-04-21 | 38.15% |
| 2026-04-20 | 38.14% |
| 2026-04-17 | 38.14% |
| 2026-04-16 | 38.14% |
| 2026-04-15 | 38.15% |
| 2026-04-14 | 38.15% |
| 2026-04-13 | 38.15% |
| 2026-04-10 | 38.15% |
| 2026-04-09 | 38.14% |
| 2026-04-08 | 38.14% |
| 2026-04-07 | 38.15% |
| 2026-04-06 | 38.15% |
| 2026-04-02 | 38.14% |
| 2026-04-01 | 38.14% |
| 2026-03-31 | 38.14% |
| 2026-03-30 | 38.14% |
| 2026-03-27 | 38.14% |
| 2026-03-26 | 38.14% |
| 2026-03-25 | 38.14% |
| 2026-03-24 | 38.14% |
| 2026-03-23 | 38.14% |
| 2026-03-20 | 38.15% |
| 2026-03-19 | 38.14% |
| 2026-03-18 | 38.14% |
| 2026-03-17 | 38.14% |
| 2026-03-16 | 38.15% |
| 2026-03-13 | 38.14% |
| 2026-03-12 | 38.15% |
| 2026-03-11 | 38.15% |
| 2026-03-10 | 38.14% |
| 2026-03-09 | 38.15% |
| 2026-03-06 | 38.14% |
| 2026-03-05 | 38.15% |
| 2026-03-04 | 38.14% |
| 2026-03-03 | 38.14% |
| 2026-03-02 | 38.15% |
| 2026-02-27 | 38.14% |
| 2026-02-26 | 38.15% |
| 2026-02-25 | 38.15% |
| 2026-02-24 | 38.14% |
| 2026-02-23 | 38.14% |
| 2026-02-20 | 47.02% |
| 2026-02-19 | 37.27% |
| 2026-02-18 | 37.27% |
| 2026-02-17 | 37.27% |
| 2026-02-13 | 37.27% |
| 2026-02-12 | 37.27% |
| 2026-02-11 | 37.26% |
| 2026-02-10 | 37.27% |
| 2026-02-09 | 39.69% |
| 2026-02-06 | 39.69% |
| 2026-02-05 | 39.69% |
| 2026-02-04 | 39.69% |
| 2026-02-03 | 39.69% |
| 2026-02-02 | 39.69% |
| 2026-01-30 | 39.69% |
| 2026-01-29 | 39.68% |
| 2026-01-28 | 39.69% |
| 2026-01-27 | 39.68% |
| 2026-01-26 | 39.69% |
| 2026-01-23 | 39.68% |
| 2026-01-22 | 39.69% |
| 2026-01-21 | 39.69% |
| 2026-01-20 | 39.69% |
| 2026-01-16 | 39.68% |
| 2026-01-15 | 39.69% |
| 2026-01-14 | 39.69% |
| 2026-01-13 | 39.69% |
| 2026-01-12 | 39.68% |
| 2026-01-09 | 39.69% |
| 2026-01-08 | 39.70% |
| 2026-01-07 | 39.69% |
| 2026-01-06 | 39.68% |
| 2026-01-05 | 39.69% |
| 2026-01-02 | 39.69% |
| 2025-12-31 | 39.69% |
| 2025-12-30 | 39.69% |
| 2025-12-29 | 39.68% |
| 2025-12-26 | 39.69% |
| 2025-12-24 | 39.69% |
| 2025-12-23 | 39.69% |
| 2025-12-22 | 39.69% |
| 2025-12-19 | 39.68% |
| 2025-12-18 | 39.69% |
| 2025-12-17 | 39.69% |
| 2025-12-16 | 39.69% |
| 2025-12-15 | 39.69% |
| 2025-12-12 | 39.69% |
| 2025-12-11 | 39.69% |
| 2025-12-10 | 39.69% |
| 2025-12-09 | 39.68% |
| 2025-12-08 | 39.68% |
| 2025-12-05 | 39.69% |
| 2025-12-04 | 39.69% |
| 2025-12-03 | 39.69% |
| 2025-12-02 | 39.69% |
| 2025-12-01 | 39.68% |
| 2025-11-28 | 39.69% |
| 2025-11-26 | 39.68% |
| 2025-11-25 | 39.69% |
| 2025-11-24 | 39.69% |
| 2025-11-21 | 49.15% |
| 2025-11-20 | 38.76% |
| 2025-11-19 | 38.75% |
| 2025-11-18 | 38.75% |
| 2025-11-17 | 38.76% |
| 2025-11-14 | 38.75% |
| 2025-11-13 | 38.76% |
| 2025-11-12 | 38.76% |
| 2025-11-11 | 38.76% |
| 2025-11-10 | 38.75% |
| 2025-11-07 | 38.75% |
| 2025-11-06 | 38.75% |
| 2025-11-05 | 35.09% |
| 2025-11-04 | 35.10% |
| 2025-11-03 | 35.09% |
| 2025-10-31 | 35.09% |
| 2025-10-30 | 35.10% |
| 2025-10-29 | 35.10% |
| 2025-10-28 | 35.09% |
| 2025-10-27 | 35.10% |
| 2025-10-24 | 35.08% |
| 2025-10-23 | 35.09% |
| 2025-10-22 | 35.09% |
| 2025-10-21 | 35.09% |
| 2025-10-20 | 35.08% |
| 2025-10-17 | 35.09% |
| 2025-10-16 | 35.09% |
| 2025-10-15 | 35.08% |
| 2025-10-14 | 35.09% |
| 2025-10-13 | 35.09% |
| 2025-10-10 | 35.09% |
| 2025-10-09 | 35.09% |
| 2025-10-08 | 35.08% |
| 2025-10-07 | 35.09% |
| 2025-10-06 | 35.08% |
| 2025-10-03 | 35.09% |
| 2025-10-02 | 35.09% |
| 2025-10-01 | 35.08% |
| 2025-09-30 | 35.09% |
| 2025-09-29 | 35.09% |
| 2025-09-26 | 35.08% |
| 2025-09-25 | 35.10% |
| 2025-09-24 | 35.09% |
| 2025-09-23 | 35.09% |
| 2025-09-22 | 35.08% |
| 2025-09-19 | 35.10% |
| 2025-09-18 | 35.10% |
| 2025-09-17 | 35.09% |
| 2025-09-16 | 35.09% |
| 2025-09-15 | 35.08% |
| 2025-09-12 | 35.09% |
| 2025-09-11 | 35.08% |
| 2025-09-10 | 35.08% |
| 2025-09-09 | 35.09% |
| 2025-09-08 | 35.08% |
| 2025-09-05 | 35.09% |
| 2025-09-04 | 35.09% |
| 2025-09-03 | 35.08% |
| 2025-09-02 | 35.09% |
| 2025-08-29 | 35.09% |
| 2025-08-28 | 35.08% |
| 2025-08-27 | 35.09% |
| 2025-08-26 | 35.09% |
| 2025-08-25 | 35.09% |
Showing the most recent 260 of 2,655 data points. The chart above shows the full history.
| $5.28 |
| 43.8% |
| 2019-12-31 | $14.54 | $4.90 | 33.7% |
| 2018-12-31 | $13.20 | $4.44 | 33.6% |
| 2017-12-31 | $6.00 | $4.21 | 70.2% |
| 2016-12-31 | $8.25 | $4.00 | 48.5% |
| 2015-12-31 | $7.86 | $3.51 | 44.7% |
| 2014-12-31 | $9.04 | $2.81 | 31.1% |
| 2013-12-31 | $7.93 | $2.25 | 28.4% |
| 2012-12-31 | $8.69 | $1.80 | 20.7% |
| 2011-12-31 | $9.58 | $1.33 | 13.8% |
| 2010-12-31 | $5.29 | $0.88 | 16.5% |
| 2009-12-31 | $2.17 | $0.70 | 32.3% |
| 2008-12-31 | $3.87 | $0.60 | 15.5% |
| 2007-12-31 | $3.72 | $0.43 | 11.6% |
| 2006-12-31 | $3.75 | $0.33 | 8.8% |
| 2005-12-31 | $3.11 | $0.30 | 9.6% |
| 2004-12-31 | $2.07 | $0.30 | 14.5% |
| 2003-12-31 | $0.32 | $0.24 | 76.2% |
| 2002-12-31 | $0.53 | $0.30 | 56.6% |
| 2001-12-31 | ($0.67) | $0.30 | N/A (Loss) |
| 2000-12-31 | $0.05 | $0.30 | 600.0% |
| 1999-12-31 | $1.04 | $0.28 | 27.0% |
| 1998-12-31 | ($0.14) | $0.28 | N/A (Loss) |
| 1997-12-31 | $1.39 | $0.27 | 19.3% |
| 1996-12-31 | $1.01 | $0.25 | 24.8% |
