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 66.63% is in line with its 5-year average of 62.07%, around the middle of its 5-year range (37.79%–82.67%).
As of Thursday, September 10, 2026. 7.33% above its 12-month average of 62.08%.
Dividend Payout Ratio (66.63%) = TTM Dividends/Share ($2.25) / TTM EPS ($3.38)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-10.
DIVIDEND PAYOUT RATIO
66.63%
DIVIDEND PAYOUT RATIO AVG TTM
62.08%
DIVIDEND PAYOUT RATIO AVG 3Y
62.27%
DIVIDEND PAYOUT RATIO AVG 5Y
62.07%
DIVIDEND PAYOUT RATIO AVG 10Y
63.57%
DIVIDEND PAYOUT RATIO AVG 15Y
64.32%
DIVIDEND PAYOUT RATIO AVG 20Y
62.97%
CURRENT VS TTM AVG
+7.33%
CURRENT VS 3Y AVG
+7.00%
CURRENT VS 5Y AVG
+7.35%
CURRENT VS 10Y AVG
+4.81%
CURRENT VS 15Y AVG
+3.59%
CURRENT VS 20Y AVG
+5.81%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $3.53 | $2.17 | 61.5% |
| 2024-12-31 | $3.34 | $2.06 | 61.7% |
| 2023-12-31 | $3.01 | $1.95 | 64.8% |
| 2022-12-31 | $2.84 | $1.84 | 64.8% |
| 2021-12-31 | $4.66 | $1.74 | 37.3% |
| 2020-12-31 | $2.65 |
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 | 66.63% |
| 2026-09-09 | 66.65% |
| 2026-09-08 | 66.64% |
| 2026-09-04 | 66.63% |
| 2026-09-03 | 66.63% |
| 2026-09-02 | 66.65% |
| 2026-09-01 | 66.65% |
| 2026-08-31 | 66.65% |
| 2026-08-28 | 66.64% |
| 2026-08-27 | 66.64% |
| 2026-08-26 | 66.63% |
| 2026-08-25 | 66.65% |
| 2026-08-24 | 66.63% |
| 2026-08-21 | 66.65% |
| 2026-08-20 | 66.64% |
| 2026-08-19 | 66.64% |
| 2026-08-18 | 66.63% |
| 2026-08-17 | 66.63% |
| 2026-08-14 | 66.65% |
| 2026-08-13 | 66.64% |
| 2026-08-12 | 66.65% |
| 2026-08-11 | 66.65% |
| 2026-08-10 | 66.64% |
| 2026-08-07 | 82.67% |
| 2026-08-06 | 65.84% |
| 2026-08-05 | 65.83% |
| 2026-08-04 | 65.82% |
| 2026-08-03 | 65.81% |
| 2026-07-31 | 65.83% |
| 2026-07-30 | 65.83% |
| 2026-07-29 | 65.83% |
| 2026-07-28 | 60.97% |
| 2026-07-27 | 60.97% |
| 2026-07-24 | 60.97% |
| 2026-07-23 | 60.97% |
| 2026-07-22 | 60.96% |
| 2026-07-21 | 60.95% |
| 2026-07-20 | 60.97% |
| 2026-07-17 | 60.96% |
| 2026-07-16 | 60.96% |
| 2026-07-15 | 60.96% |
| 2026-07-14 | 60.96% |
| 2026-07-13 | 60.95% |
| 2026-07-10 | 60.97% |
| 2026-07-09 | 60.97% |
| 2026-07-08 | 60.95% |
| 2026-07-07 | 60.95% |
| 2026-07-06 | 60.95% |
| 2026-07-02 | 60.97% |
| 2026-07-01 | 60.96% |
| 2026-06-30 | 60.96% |
| 2026-06-29 | 60.96% |
| 2026-06-26 | 60.95% |
| 2026-06-25 | 60.95% |
| 2026-06-24 | 60.97% |
| 2026-06-23 | 60.96% |
| 2026-06-22 | 60.96% |
| 2026-06-18 | 60.95% |
| 2026-06-17 | 60.94% |
| 2026-06-16 | 60.95% |
| 2026-06-15 | 60.96% |
| 2026-06-12 | 60.97% |
| 2026-06-11 | 60.96% |
| 2026-06-10 | 60.97% |
| 2026-06-09 | 60.96% |
| 2026-06-08 | 60.97% |
| 2026-06-05 | 60.97% |
| 2026-06-04 | 60.97% |
| 2026-06-03 | 60.96% |
| 2026-06-02 | 60.94% |
| 2026-06-01 | 60.97% |
| 2026-05-29 | 60.95% |
| 2026-05-28 | 60.97% |
| 2026-05-27 | 60.95% |
| 2026-05-26 | 60.96% |
| 2026-05-22 | 60.96% |
| 2026-05-21 | 60.97% |
| 2026-05-20 | 60.97% |
| 2026-05-19 | 60.94% |
| 2026-05-18 | 60.95% |
| 2026-05-15 | 60.97% |
| 2026-05-14 | 60.96% |
| 2026-05-13 | 60.97% |
| 2026-05-12 | 60.94% |
| 2026-05-11 | 60.95% |
| 2026-05-08 | 75.81% |
| 2026-05-07 | 60.20% |
| 2026-05-06 | 60.21% |
| 2026-05-05 | 60.21% |
| 2026-05-04 | 60.21% |
| 2026-05-01 | 60.21% |
| 2026-04-30 | 60.19% |
| 2026-04-29 | 60.19% |
| 2026-04-28 | 62.26% |
| 2026-04-27 | 62.24% |
| 2026-04-24 | 62.26% |
| 2026-04-23 | 62.27% |
| 2026-04-22 | 62.25% |
| 2026-04-21 | 62.25% |
| 2026-04-20 | 62.24% |
| 2026-04-17 | 62.26% |
| 2026-04-16 | 62.26% |
| 2026-04-15 | 62.25% |
| 2026-04-14 | 62.26% |
| 2026-04-13 | 62.24% |
| 2026-04-10 | 62.26% |
| 2026-04-09 | 62.26% |
| 2026-04-08 | 62.26% |
| 2026-04-07 | 62.24% |
| 2026-04-06 | 62.25% |
| 2026-04-02 | 62.25% |
| 2026-04-01 | 62.24% |
| 2026-03-31 | 62.26% |
| 2026-03-30 | 62.24% |
| 2026-03-27 | 62.25% |
| 2026-03-26 | 62.24% |
| 2026-03-25 | 62.25% |
| 2026-03-24 | 62.24% |
| 2026-03-23 | 62.26% |
| 2026-03-20 | 62.25% |
| 2026-03-19 | 62.25% |
| 2026-03-18 | 62.25% |
| 2026-03-17 | 62.26% |
| 2026-03-16 | 62.24% |
| 2026-03-13 | 62.26% |
| 2026-03-12 | 62.25% |
| 2026-03-11 | 62.24% |
| 2026-03-10 | 62.25% |
| 2026-03-09 | 62.25% |
| 2026-03-06 | 62.26% |
| 2026-03-05 | 62.25% |
| 2026-03-04 | 62.25% |
| 2026-03-03 | 62.25% |
| 2026-03-02 | 62.25% |
| 2026-02-27 | 62.26% |
| 2026-02-26 | 62.26% |
| 2026-02-25 | 62.26% |
| 2026-02-24 | 62.25% |
| 2026-02-23 | 62.24% |
| 2026-02-20 | 62.25% |
| 2026-02-19 | 62.26% |
| 2026-02-18 | 62.26% |
| 2026-02-17 | 62.25% |
| 2026-02-13 | 61.47% |
| 2026-02-12 | 61.47% |
| 2026-02-11 | 61.47% |
| 2026-02-10 | 62.53% |
| 2026-02-09 | 62.55% |
| 2026-02-06 | 62.53% |
| 2026-02-05 | 62.54% |
| 2026-02-04 | 62.52% |
| 2026-02-03 | 62.53% |
| 2026-02-02 | 62.53% |
| 2026-01-30 | 62.53% |
| 2026-01-29 | 62.53% |
| 2026-01-28 | 62.53% |
| 2026-01-27 | 62.53% |
| 2026-01-26 | 62.52% |
| 2026-01-23 | 62.52% |
| 2026-01-22 | 62.53% |
| 2026-01-21 | 62.54% |
| 2026-01-20 | 62.53% |
| 2026-01-16 | 62.54% |
| 2026-01-15 | 62.53% |
| 2026-01-14 | 62.54% |
| 2026-01-13 | 62.52% |
| 2026-01-12 | 62.54% |
| 2026-01-09 | 62.54% |
| 2026-01-08 | 62.54% |
| 2026-01-07 | 62.55% |
| 2026-01-06 | 62.53% |
| 2026-01-05 | 62.54% |
| 2026-01-02 | 62.52% |
| 2025-12-31 | 62.53% |
| 2025-12-30 | 62.52% |
| 2025-12-29 | 62.53% |
| 2025-12-26 | 62.53% |
| 2025-12-24 | 62.52% |
| 2025-12-23 | 62.54% |
| 2025-12-22 | 62.55% |
| 2025-12-19 | 62.52% |
| 2025-12-18 | 62.54% |
| 2025-12-17 | 62.54% |
| 2025-12-16 | 62.55% |
| 2025-12-15 | 62.53% |
| 2025-12-12 | 62.55% |
| 2025-12-11 | 62.54% |
| 2025-12-10 | 62.55% |
| 2025-12-09 | 62.55% |
| 2025-12-08 | 62.53% |
| 2025-12-05 | 62.55% |
| 2025-12-04 | 62.53% |
| 2025-12-03 | 62.52% |
| 2025-12-02 | 62.52% |
| 2025-12-01 | 62.53% |
| 2025-11-28 | 62.53% |
| 2025-11-26 | 62.53% |
| 2025-11-25 | 62.54% |
| 2025-11-24 | 62.53% |
| 2025-11-21 | 62.54% |
| 2025-11-20 | 62.53% |
| 2025-11-19 | 62.53% |
| 2025-11-18 | 62.53% |
| 2025-11-17 | 62.54% |
| 2025-11-14 | 62.54% |
| 2025-11-13 | 62.55% |
| 2025-11-12 | 77.37% |
| 2025-11-11 | 77.39% |
| 2025-11-10 | 77.37% |
| 2025-11-07 | 77.36% |
| 2025-11-06 | 61.74% |
| 2025-11-05 | 61.73% |
| 2025-11-04 | 61.74% |
| 2025-11-03 | 61.74% |
| 2025-10-31 | 61.76% |
| 2025-10-30 | 63.21% |
| 2025-10-29 | 63.19% |
| 2025-10-28 | 63.19% |
| 2025-10-27 | 63.19% |
| 2025-10-24 | 63.20% |
| 2025-10-23 | 63.19% |
| 2025-10-22 | 63.20% |
| 2025-10-21 | 63.21% |
| 2025-10-20 | 63.20% |
| 2025-10-17 | 63.20% |
| 2025-10-16 | 63.20% |
| 2025-10-15 | 63.21% |
| 2025-10-14 | 63.19% |
| 2025-10-13 | 63.21% |
| 2025-10-10 | 63.21% |
| 2025-10-09 | 63.21% |
| 2025-10-08 | 63.20% |
| 2025-10-07 | 63.21% |
| 2025-10-06 | 63.20% |
| 2025-10-03 | 63.20% |
| 2025-10-02 | 63.20% |
| 2025-10-01 | 63.21% |
| 2025-09-30 | 63.20% |
| 2025-09-29 | 63.21% |
| 2025-09-26 | 63.20% |
| 2025-09-25 | 63.21% |
| 2025-09-24 | 63.20% |
| 2025-09-23 | 63.21% |
| 2025-09-22 | 63.20% |
| 2025-09-19 | 63.19% |
| 2025-09-18 | 63.19% |
| 2025-09-17 | 63.20% |
| 2025-09-16 | 63.21% |
| 2025-09-15 | 63.22% |
| 2025-09-12 | 63.19% |
| 2025-09-11 | 63.20% |
| 2025-09-10 | 63.20% |
| 2025-09-09 | 63.21% |
| 2025-09-08 | 63.19% |
| 2025-09-05 | 63.21% |
| 2025-09-04 | 63.19% |
| 2025-09-03 | 63.21% |
| 2025-09-02 | 63.20% |
| 2025-08-29 | 63.19% |
| 2025-08-28 | 63.21% |
Showing the most recent 260 of 2,446 data points. The chart above shows the full history.
| $1.63 |
| 61.5% |
| 2019-12-31 | $2.40 | $1.53 | 63.8% |
| 2018-12-31 | $2.33 | $1.43 | 61.4% |
| 2017-12-31 | $1.64 | $1.33 | 81.1% |
| 2016-12-31 | $1.99 | $1.24 | 62.3% |
| 2015-12-31 | $1.90 | $1.16 | 61.1% |
| 2014-12-31 | $1.76 | $1.08 | 61.4% |
| 2013-12-31 | $1.71 | $1.02 | 59.6% |
| 2012-12-31 | $1.43 | $0.96 | 67.1% |
| 2011-12-31 | $1.65 | $0.84 | 50.9% |
| 2010-12-31 | $1.40 | $0.66 | 47.1% |
| 2009-12-31 | $0.96 | $0.50 | 52.1% |
| 2008-12-31 | $1.25 | $0.36 | 28.8% |
| 2007-12-31 | ($0.97) | $0.20 | N/A (Loss) |
| 2006-12-31 | ($0.36) | $0.00 | N/A (Loss) |
| 2005-12-31 | ($0.39) | $0.00 | N/A (Loss) |
| 2004-12-31 | $0.65 | $0.00 | 0.0% |
| 2003-12-31 | ($0.29) | $0.00 | N/A (Loss) |
| 2002-12-31 | ($4.46) | $1.09 | N/A (Loss) |
| 2001-12-31 | ($4.19) | $1.46 | N/A (Loss) |
| 2000-12-31 | $0.04 | $1.46 | N/A |
| 1999-12-31 | $2.18 | $1.75 | 80.5% |
| 1998-12-31 | $2.45 | $1.26 | 51.4% |
| 1997-12-31 | $2.63 | $1.14 | 43.3% |
| 1996-12-31 | $2.45 | $1.02 | 41.6% |
