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 54.11% is in line with its 5-year average of 51.59%, around the middle of its 5-year range (25.75%–77.35%).
As of Wednesday, September 9, 2026. 2.32% below its 12-month average of 55.40%.
Dividend Payout Ratio (54.11%) = TTM Dividends/Share ($0.92) / TTM EPS ($1.70)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-09.
DIVIDEND PAYOUT RATIO
54.11%
DIVIDEND PAYOUT RATIO AVG TTM
55.40%
DIVIDEND PAYOUT RATIO AVG 3Y
55.91%
DIVIDEND PAYOUT RATIO AVG 5Y
51.59%
DIVIDEND PAYOUT RATIO AVG 10Y
51.98%
DIVIDEND PAYOUT RATIO AVG 15Y
59.98%
DIVIDEND PAYOUT RATIO AVG 20Y
59.98%
CURRENT VS TTM AVG
-2.32%
CURRENT VS 3Y AVG
-3.22%
CURRENT VS 5Y AVG
+4.89%
CURRENT VS 10Y AVG
+4.09%
CURRENT VS 15Y AVG
-9.78%
CURRENT VS 20Y AVG
-9.79%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $1.61 | $0.88 | 54.7% |
| 2024-12-31 | $1.58 | $0.81 | 51.3% |
| 2023-12-31 | $1.37 | $0.77 | 56.2% |
| 2022-12-31 | $1.60 | $0.70 | 43.7% |
| 2021-12-31 | $2.35 | $0.65 | 27.7% |
| 2020-12-31 | ($1.79) |
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 | 54.11% |
| 2026-09-08 | 54.12% |
| 2026-09-04 | 54.13% |
| 2026-09-03 | 54.12% |
| 2026-09-02 | 54.11% |
| 2026-09-01 | 54.12% |
| 2026-08-31 | 54.11% |
| 2026-08-28 | 54.11% |
| 2026-08-27 | 54.11% |
| 2026-08-26 | 54.12% |
| 2026-08-25 | 54.12% |
| 2026-08-24 | 54.12% |
| 2026-08-21 | 54.13% |
| 2026-08-20 | 67.07% |
| 2026-08-19 | 52.93% |
| 2026-08-18 | 52.95% |
| 2026-08-17 | 52.94% |
| 2026-08-14 | 52.95% |
| 2026-08-13 | 52.94% |
| 2026-08-12 | 52.94% |
| 2026-08-11 | 52.95% |
| 2026-08-10 | 52.95% |
| 2026-08-07 | 52.94% |
| 2026-08-06 | 52.93% |
| 2026-08-05 | 52.94% |
| 2026-08-04 | 52.94% |
| 2026-08-03 | 52.94% |
| 2026-07-31 | 52.94% |
| 2026-07-30 | 52.93% |
| 2026-07-29 | 52.94% |
| 2026-07-28 | 55.22% |
| 2026-07-27 | 55.21% |
| 2026-07-24 | 55.22% |
| 2026-07-23 | 55.20% |
| 2026-07-22 | 55.22% |
| 2026-07-21 | 55.22% |
| 2026-07-20 | 55.21% |
| 2026-07-17 | 55.21% |
| 2026-07-16 | 55.22% |
| 2026-07-15 | 55.22% |
| 2026-07-14 | 55.22% |
| 2026-07-13 | 55.21% |
| 2026-07-10 | 55.21% |
| 2026-07-09 | 55.22% |
| 2026-07-08 | 55.21% |
| 2026-07-07 | 55.22% |
| 2026-07-06 | 55.21% |
| 2026-07-02 | 55.22% |
| 2026-07-01 | 55.22% |
| 2026-06-30 | 55.22% |
| 2026-06-29 | 55.22% |
| 2026-06-26 | 55.21% |
| 2026-06-25 | 55.22% |
| 2026-06-24 | 55.22% |
| 2026-06-23 | 55.22% |
| 2026-06-22 | 55.21% |
| 2026-06-18 | 55.21% |
| 2026-06-17 | 55.21% |
| 2026-06-16 | 55.22% |
| 2026-06-15 | 55.21% |
| 2026-06-12 | 55.22% |
| 2026-06-11 | 55.21% |
| 2026-06-10 | 55.21% |
| 2026-06-09 | 55.22% |
| 2026-06-08 | 55.20% |
| 2026-06-05 | 55.21% |
| 2026-06-04 | 55.20% |
| 2026-06-03 | 55.20% |
| 2026-06-02 | 55.21% |
| 2026-06-01 | 55.21% |
| 2026-05-29 | 55.22% |
| 2026-05-28 | 55.21% |
| 2026-05-27 | 55.21% |
| 2026-05-26 | 55.22% |
| 2026-05-22 | 55.22% |
| 2026-05-21 | 55.22% |
| 2026-05-20 | 41.10% |
| 2026-05-19 | 41.10% |
| 2026-05-18 | 41.11% |
| 2026-05-15 | 41.11% |
| 2026-05-14 | 54.61% |
| 2026-05-13 | 54.61% |
| 2026-05-12 | 54.61% |
| 2026-05-11 | 54.60% |
| 2026-05-08 | 54.61% |
| 2026-05-07 | 54.59% |
| 2026-05-06 | 54.60% |
| 2026-05-05 | 54.61% |
| 2026-05-04 | 54.61% |
| 2026-05-01 | 54.61% |
| 2026-04-30 | 54.60% |
| 2026-04-29 | 54.60% |
| 2026-04-28 | 54.60% |
| 2026-04-27 | 54.60% |
| 2026-04-24 | 54.61% |
| 2026-04-23 | 55.63% |
| 2026-04-22 | 55.61% |
| 2026-04-21 | 55.63% |
| 2026-04-20 | 55.63% |
| 2026-04-17 | 55.64% |
| 2026-04-16 | 55.63% |
| 2026-04-15 | 55.63% |
| 2026-04-14 | 55.62% |
| 2026-04-13 | 55.63% |
| 2026-04-10 | 55.63% |
| 2026-04-09 | 55.62% |
| 2026-04-08 | 55.63% |
| 2026-04-07 | 55.63% |
| 2026-04-06 | 55.62% |
| 2026-04-02 | 55.63% |
| 2026-04-01 | 55.62% |
| 2026-03-31 | 55.64% |
| 2026-03-30 | 55.63% |
| 2026-03-27 | 55.63% |
| 2026-03-26 | 55.63% |
| 2026-03-25 | 55.62% |
| 2026-03-24 | 55.64% |
| 2026-03-23 | 55.63% |
| 2026-03-20 | 55.62% |
| 2026-03-19 | 55.62% |
| 2026-03-18 | 55.63% |
| 2026-03-17 | 55.63% |
| 2026-03-16 | 55.63% |
| 2026-03-13 | 55.63% |
| 2026-03-12 | 55.61% |
| 2026-03-11 | 55.62% |
| 2026-03-10 | 55.64% |
| 2026-03-09 | 55.61% |
| 2026-03-06 | 55.63% |
| 2026-03-05 | 55.61% |
| 2026-03-04 | 55.62% |
| 2026-03-03 | 55.63% |
| 2026-03-02 | 55.63% |
| 2026-02-27 | 55.63% |
| 2026-02-26 | 55.62% |
| 2026-02-25 | 55.62% |
| 2026-02-24 | 55.63% |
| 2026-02-23 | 55.63% |
| 2026-02-20 | 55.64% |
| 2026-02-19 | 70.26% |
| 2026-02-18 | 55.70% |
| 2026-02-17 | 55.69% |
| 2026-02-13 | 55.69% |
| 2026-02-12 | 55.70% |
| 2026-02-11 | 55.69% |
| 2026-02-10 | 55.70% |
| 2026-02-09 | 55.69% |
| 2026-02-06 | 55.70% |
| 2026-02-05 | 55.71% |
| 2026-02-04 | 55.70% |
| 2026-02-03 | 55.70% |
| 2026-02-02 | 55.69% |
| 2026-01-30 | 55.70% |
| 2026-01-29 | 55.70% |
| 2026-01-28 | 55.69% |
| 2026-01-27 | 55.70% |
| 2026-01-26 | 55.70% |
| 2026-01-23 | 55.69% |
| 2026-01-22 | 55.69% |
| 2026-01-21 | 55.70% |
| 2026-01-20 | 55.69% |
| 2026-01-16 | 55.69% |
| 2026-01-15 | 55.70% |
| 2026-01-14 | 55.69% |
| 2026-01-13 | 55.70% |
| 2026-01-12 | 55.69% |
| 2026-01-09 | 55.69% |
| 2026-01-08 | 55.69% |
| 2026-01-07 | 55.69% |
| 2026-01-06 | 55.69% |
| 2026-01-05 | 55.69% |
| 2026-01-02 | 55.69% |
| 2025-12-31 | 55.71% |
| 2025-12-30 | 55.70% |
| 2025-12-29 | 55.70% |
| 2025-12-26 | 55.69% |
| 2025-12-24 | 55.70% |
| 2025-12-23 | 55.69% |
| 2025-12-22 | 55.69% |
| 2025-12-19 | 55.70% |
| 2025-12-18 | 55.69% |
| 2025-12-17 | 55.70% |
| 2025-12-16 | 55.69% |
| 2025-12-15 | 55.70% |
| 2025-12-12 | 55.70% |
| 2025-12-11 | 55.70% |
| 2025-12-10 | 55.69% |
| 2025-12-09 | 55.70% |
| 2025-12-08 | 55.70% |
| 2025-12-05 | 55.69% |
| 2025-12-04 | 55.69% |
| 2025-12-03 | 55.69% |
| 2025-12-02 | 55.69% |
| 2025-12-01 | 55.71% |
| 2025-11-28 | 55.69% |
| 2025-11-26 | 55.69% |
| 2025-11-25 | 55.69% |
| 2025-11-24 | 55.70% |
| 2025-11-21 | 55.70% |
| 2025-11-20 | 69.00% |
| 2025-11-19 | 55.06% |
| 2025-11-18 | 55.06% |
| 2025-11-17 | 55.06% |
| 2025-11-14 | 55.06% |
| 2025-11-13 | 55.06% |
| 2025-11-12 | 55.06% |
| 2025-11-11 | 55.06% |
| 2025-11-10 | 55.07% |
| 2025-11-07 | 55.06% |
| 2025-11-06 | 55.07% |
| 2025-11-05 | 55.05% |
| 2025-11-04 | 55.07% |
| 2025-11-03 | 55.07% |
| 2025-10-31 | 55.06% |
| 2025-10-30 | 55.07% |
| 2025-10-29 | 55.06% |
| 2025-10-28 | 55.06% |
| 2025-10-27 | 55.06% |
| 2025-10-24 | 55.07% |
| 2025-10-23 | 60.83% |
| 2025-10-22 | 60.85% |
| 2025-10-21 | 60.83% |
| 2025-10-20 | 60.85% |
| 2025-10-17 | 60.84% |
| 2025-10-16 | 60.84% |
| 2025-10-15 | 60.83% |
| 2025-10-14 | 60.85% |
| 2025-10-13 | 60.85% |
| 2025-10-10 | 60.84% |
| 2025-10-09 | 60.84% |
| 2025-10-08 | 60.83% |
| 2025-10-07 | 60.83% |
| 2025-10-06 | 60.83% |
| 2025-10-03 | 60.83% |
| 2025-10-02 | 60.85% |
| 2025-10-01 | 60.83% |
| 2025-09-30 | 60.83% |
| 2025-09-29 | 60.83% |
| 2025-09-26 | 60.84% |
| 2025-09-25 | 60.84% |
| 2025-09-24 | 60.84% |
| 2025-09-23 | 60.83% |
| 2025-09-22 | 60.83% |
| 2025-09-19 | 60.85% |
| 2025-09-18 | 60.83% |
| 2025-09-17 | 60.84% |
| 2025-09-16 | 60.84% |
| 2025-09-15 | 60.85% |
| 2025-09-12 | 60.84% |
| 2025-09-11 | 60.84% |
| 2025-09-10 | 60.85% |
| 2025-09-09 | 60.84% |
| 2025-09-08 | 60.84% |
| 2025-09-05 | 60.84% |
| 2025-09-04 | 60.85% |
| 2025-09-03 | 60.84% |
| 2025-09-02 | 60.84% |
| 2025-08-29 | 60.84% |
| 2025-08-28 | 60.84% |
| 2025-08-27 | 60.83% |
Showing the most recent 260 of 2,362 data points. The chart above shows the full history.
| $0.74 |
| N/A (Loss) |
| 2019-12-31 | $1.34 | $1.15 | 85.8% |
| 2018-12-31 | $0.74 | $1.11 | 150.0% |
| 2017-12-31 | $4.16 | $1.07 | 25.7% |
| 2016-12-31 | $1.00 | $1.03 | 103.0% |
| 2015-12-31 | ($1.61) | $0.99 | N/A (Loss) |
| 2014-12-31 | $1.42 | $0.95 | 66.9% |
| 2013-12-31 | $0.73 | $0.83 | 113.4% |
| 2012-12-31 | $0.98 | $0.81 | 82.7% |
| 2011-12-31 | $3.19 | $0.79 | 24.8% |
| 2010-12-31 | $1.08 | $0.78 | 72.2% |
| 2009-12-31 | $1.02 | $0.76 | 74.5% |
| 2008-12-31 | $1.32 | $0.73 | 55.3% |
| 2007-12-31 | $1.25 | $0.68 | 54.4% |
| 2006-12-31 | $1.39 | $0.60 | 43.2% |
| 2005-12-31 | $0.81 | $0.40 | 49.4% |
| 2004-12-31 | ($2.94) | $0.40 | N/A (Loss) |
| 2003-12-31 | $1.59 | $0.89 | 56.2% |
| 2002-12-31 | ($13.16) | $1.77 | N/A (Loss) |
| 2001-12-31 | $3.38 | $1.26 | 37.4% |
| 2000-12-31 | $1.57 | $1.26 | 80.5% |
| 1999-12-31 | $5.20 | $1.26 | 24.3% |
| 1998-12-31 | ($0.50) | $1.26 | N/A (Loss) |
| 1997-12-31 | $1.66 | $1.26 | 76.2% |
| 1996-12-31 | $1.66 | $1.26 | 76.2% |
