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 31.94% is 33% below its 5-year average of 47.48%, near the low end of its 5-year range (26.24%–109.52%).
As of Monday, October 5, 2026. 47.31% below its 12-month average of 60.61%.
Dividend Payout Ratio (31.94%) = TTM Dividends/Share ($1.16) / TTM EPS ($3.63)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
31.94%
DIVIDEND PAYOUT RATIO AVG TTM
60.61%
DIVIDEND PAYOUT RATIO AVG 3Y
54.02%
DIVIDEND PAYOUT RATIO AVG 5Y
47.48%
DIVIDEND PAYOUT RATIO AVG 10Y
35.95%
DIVIDEND PAYOUT RATIO AVG 15Y
36.95%
DIVIDEND PAYOUT RATIO AVG 20Y
49.47%
CURRENT VS TTM AVG
-47.31%
CURRENT VS 3Y AVG
-40.87%
CURRENT VS 5Y AVG
-32.74%
CURRENT VS 10Y AVG
-11.14%
CURRENT VS 15Y AVG
-13.55%
CURRENT VS 20Y AVG
-35.43%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $2.02 | $1.13 | 55.9% |
| 2024-12-31 | $3.27 | $1.09 | 33.3% |
| 2023-12-31 | $2.82 | $1.05 | 37.2% |
| 2022-12-31 | $3.15 | $1.01 | 32.1% |
| 2021-12-31 | $2.87 | $0.94 | 32.8% |
| 2020-12-31 | $2.08 |
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 |
|---|---|
| 2026-10-05 | 31.94% |
| 2026-10-02 | 31.95% |
| 2026-10-01 | 31.97% |
| 2026-09-30 | 31.95% |
| 2026-09-29 | 31.95% |
| 2026-09-28 | 31.97% |
| 2026-09-25 | 31.96% |
| 2026-09-24 | 31.97% |
| 2026-09-23 | 31.97% |
| 2026-09-22 | 31.97% |
| 2026-09-21 | 31.96% |
| 2026-09-18 | 31.94% |
| 2026-09-17 | 31.94% |
| 2026-09-16 | 31.96% |
| 2026-09-15 | 31.95% |
| 2026-09-14 | 31.69% |
| 2026-09-11 | 31.68% |
| 2026-09-10 | 31.69% |
| 2026-09-09 | 31.68% |
| 2026-09-08 | 31.67% |
| 2026-09-04 | 31.68% |
| 2026-09-03 | 31.69% |
| 2026-09-02 | 31.67% |
| 2026-09-01 | 31.70% |
| 2026-08-31 | 31.68% |
| 2026-08-28 | 31.68% |
| 2026-08-27 | 31.67% |
| 2026-08-26 | 31.70% |
| 2026-08-25 | 31.69% |
| 2026-08-24 | 31.67% |
| 2026-08-21 | 31.68% |
| 2026-08-20 | 31.69% |
| 2026-08-19 | 31.67% |
| 2026-08-18 | 31.66% |
| 2026-08-17 | 31.67% |
| 2026-08-14 | 31.68% |
| 2026-08-13 | 31.69% |
| 2026-08-12 | 31.68% |
| 2026-08-11 | 31.68% |
| 2026-08-10 | 31.08% |
| 2026-08-07 | 31.08% |
| 2026-08-06 | 31.09% |
| 2026-08-05 | 31.07% |
| 2026-08-04 | 31.08% |
| 2026-08-03 | 31.09% |
| 2026-07-31 | 31.09% |
| 2026-07-30 | 31.07% |
| 2026-07-29 | 31.08% |
| 2026-07-28 | 31.07% |
| 2026-07-27 | 31.09% |
| 2026-07-24 | 31.07% |
| 2026-07-23 | 31.08% |
| 2026-07-22 | 31.09% |
| 2026-07-21 | 31.09% |
| 2026-07-20 | 31.07% |
| 2026-07-17 | 31.08% |
| 2026-07-16 | 31.09% |
| 2026-07-15 | 31.08% |
| 2026-07-14 | 31.08% |
| 2026-07-13 | 31.08% |
| 2026-07-10 | 31.07% |
| 2026-07-09 | 31.07% |
| 2026-07-08 | 31.07% |
| 2026-07-07 | 31.08% |
| 2026-07-06 | 31.09% |
| 2026-07-02 | 31.09% |
| 2026-07-01 | 31.08% |
| 2026-06-30 | 31.08% |
| 2026-06-29 | 31.08% |
| 2026-06-26 | 31.09% |
| 2026-06-25 | 31.09% |
| 2026-06-24 | 31.07% |
| 2026-06-23 | 31.07% |
| 2026-06-22 | 31.08% |
| 2026-06-18 | 31.07% |
| 2026-06-17 | 31.09% |
| 2026-06-16 | 31.08% |
| 2026-06-15 | 31.08% |
| 2026-06-12 | 30.80% |
| 2026-06-11 | 30.80% |
| 2026-06-10 | 30.80% |
| 2026-06-09 | 30.82% |
| 2026-06-08 | 30.80% |
| 2026-06-05 | 30.81% |
| 2026-06-04 | 30.82% |
| 2026-06-03 | 30.82% |
| 2026-06-02 | 30.81% |
| 2026-06-01 | 30.82% |
| 2026-05-29 | 30.82% |
| 2026-05-28 | 30.80% |
| 2026-05-27 | 30.80% |
| 2026-05-26 | 30.80% |
| 2026-05-22 | 30.82% |
| 2026-05-21 | 30.80% |
| 2026-05-20 | 30.80% |
| 2026-05-19 | 30.83% |
| 2026-05-18 | 30.83% |
| 2026-05-15 | 30.81% |
| 2026-05-14 | 30.80% |
| 2026-05-13 | 30.80% |
| 2026-05-12 | 30.80% |
| 2026-05-11 | 76.53% |
| 2026-05-08 | 76.52% |
| 2026-05-07 | 76.51% |
| 2026-05-06 | 76.50% |
| 2026-05-05 | 76.49% |
| 2026-05-04 | 76.52% |
| 2026-05-01 | 76.52% |
| 2026-04-30 | 76.49% |
| 2026-04-29 | 76.51% |
| 2026-04-28 | 76.49% |
| 2026-04-27 | 76.49% |
| 2026-04-24 | 76.52% |
| 2026-04-23 | 76.53% |
| 2026-04-22 | 76.50% |
| 2026-04-21 | 76.52% |
| 2026-04-20 | 76.52% |
| 2026-04-17 | 76.53% |
| 2026-04-16 | 76.52% |
| 2026-04-15 | 76.49% |
| 2026-04-14 | 76.50% |
| 2026-04-13 | 76.50% |
| 2026-04-10 | 76.49% |
| 2026-04-09 | 76.51% |
| 2026-04-08 | 76.52% |
| 2026-04-07 | 76.50% |
| 2026-04-06 | 76.49% |
| 2026-04-02 | 76.52% |
| 2026-04-01 | 76.50% |
| 2026-03-31 | 76.50% |
| 2026-03-30 | 76.52% |
| 2026-03-27 | 76.52% |
| 2026-03-26 | 76.52% |
| 2026-03-25 | 76.50% |
| 2026-03-24 | 76.52% |
| 2026-03-23 | 76.50% |
| 2026-03-20 | 76.51% |
| 2026-03-19 | 76.52% |
| 2026-03-18 | 76.51% |
| 2026-03-17 | 76.50% |
| 2026-03-16 | 76.51% |
| 2026-03-13 | 100.73% |
| 2026-03-12 | 80.14% |
| 2026-03-11 | 80.15% |
| 2026-03-10 | 80.16% |
| 2026-03-09 | 80.13% |
| 2026-03-06 | 80.15% |
| 2026-03-05 | 80.15% |
| 2026-03-04 | 80.15% |
| 2026-03-03 | 80.13% |
| 2026-03-02 | 80.13% |
| 2026-02-27 | 80.15% |
| 2026-02-26 | 80.16% |
| 2026-02-25 | 80.12% |
| 2026-02-24 | 80.12% |
| 2026-02-23 | 80.15% |
| 2026-02-20 | 80.15% |
| 2026-02-19 | 80.13% |
| 2026-02-18 | 80.13% |
| 2026-02-17 | 80.13% |
| 2026-02-13 | 80.15% |
| 2026-02-12 | 80.13% |
| 2026-02-11 | 80.12% |
| 2026-02-10 | 80.12% |
| 2026-02-09 | 80.14% |
| 2026-02-06 | 80.14% |
| 2026-02-05 | 80.14% |
| 2026-02-04 | 80.16% |
| 2026-02-03 | 80.13% |
| 2026-02-02 | 80.15% |
| 2026-01-30 | 80.15% |
| 2026-01-29 | 80.12% |
| 2026-01-28 | 80.13% |
| 2026-01-27 | 80.16% |
| 2026-01-26 | 80.12% |
| 2026-01-23 | 80.13% |
| 2026-01-22 | 80.13% |
| 2026-01-21 | 80.15% |
| 2026-01-20 | 80.16% |
| 2026-01-16 | 80.13% |
| 2026-01-15 | 80.15% |
| 2026-01-14 | 80.16% |
| 2026-01-13 | 80.14% |
| 2026-01-12 | 80.15% |
| 2026-01-09 | 80.13% |
| 2026-01-08 | 80.16% |
| 2026-01-07 | 80.15% |
| 2026-01-06 | 80.13% |
| 2026-01-05 | 80.16% |
| 2026-01-02 | 80.16% |
| 2025-12-31 | 80.16% |
| 2025-12-30 | 80.15% |
| 2025-12-29 | 80.13% |
| 2025-12-26 | 80.14% |
| 2025-12-24 | 80.13% |
| 2025-12-23 | 80.14% |
| 2025-12-22 | 80.16% |
| 2025-12-19 | 80.14% |
| 2025-12-18 | 80.16% |
| 2025-12-17 | 80.15% |
| 2025-12-16 | 80.13% |
| 2025-12-15 | 80.16% |
| 2025-12-12 | 79.42% |
| 2025-12-11 | 79.44% |
| 2025-12-10 | 79.44% |
| 2025-12-09 | 79.43% |
| 2025-12-08 | 79.44% |
| 2025-12-05 | 79.42% |
| 2025-12-04 | 79.42% |
| 2025-12-03 | 79.42% |
| 2025-12-02 | 79.43% |
| 2025-12-01 | 79.44% |
| 2025-11-28 | 79.44% |
| 2025-11-26 | 79.42% |
| 2025-11-25 | 79.43% |
| 2025-11-24 | 79.45% |
| 2025-11-21 | 79.42% |
| 2025-11-20 | 79.44% |
| 2025-11-19 | 79.44% |
| 2025-11-18 | 79.42% |
| 2025-11-17 | 79.42% |
| 2025-11-14 | 79.43% |
| 2025-11-13 | 79.43% |
| 2025-11-12 | 79.43% |
| 2025-11-11 | 79.42% |
| 2025-11-10 | 86.84% |
| 2025-11-07 | 86.83% |
| 2025-11-06 | 86.83% |
| 2025-11-05 | 86.82% |
| 2025-11-04 | 86.82% |
| 2025-11-03 | 86.84% |
| 2025-10-31 | 86.82% |
| 2025-10-30 | 86.83% |
| 2025-10-29 | 86.83% |
| 2025-10-28 | 86.84% |
| 2025-10-27 | 86.83% |
| 2025-10-24 | 86.81% |
| 2025-10-23 | 86.81% |
| 2025-10-22 | 86.81% |
| 2025-10-21 | 86.80% |
| 2025-10-20 | 86.81% |
| 2025-10-17 | 86.80% |
| 2025-10-16 | 86.82% |
| 2025-10-15 | 86.82% |
| 2025-10-14 | 86.81% |
| 2025-10-13 | 86.83% |
| 2025-10-10 | 86.81% |
| 2025-10-09 | 86.84% |
| 2025-10-08 | 86.82% |
| 2025-10-07 | 86.84% |
| 2025-10-06 | 86.83% |
| 2025-10-03 | 86.82% |
| 2025-10-02 | 86.81% |
| 2025-10-01 | 86.83% |
| 2025-09-30 | 86.82% |
| 2025-09-29 | 86.80% |
| 2025-09-26 | 86.81% |
| 2025-09-25 | 86.82% |
| 2025-09-24 | 86.81% |
| 2025-09-23 | 86.81% |
Showing the most recent 260 of 2,652 data points. The chart above shows the full history.
| $0.82 |
| 39.4% |
| 2019-12-31 | $1.58 | $1.40 | 88.6% |
| 2018-12-31 | $2.02 | $0.71 | 35.2% |
| 2017-12-31 | $1.70 | $0.64 | 37.6% |
| 2016-12-31 | $1.68 | $0.62 | 36.7% |
| 2015-12-31 | $1.58 | $0.60 | 37.9% |
| 2014-12-31 | $1.56 | $0.54 | 34.3% |
| 2013-12-31 | $1.40 | $0.49 | 35.0% |
| 2012-12-31 | $1.17 | $0.45 | 38.8% |
| 2011-12-31 | $0.97 | $0.44 | 44.9% |
| 2010-12-31 | $0.75 | $0.44 | 58.0% |
| 2009-12-31 | $0.41 | $0.44 | 106.2% |
| 2008-12-31 | $0.40 | $0.62 | 154.2% |
| 2007-12-31 | $1.01 | $0.62 | 61.1% |
| 2006-12-31 | $0.99 | $0.62 | 62.3% |
| 2005-12-31 | $1.19 | $0.61 | 51.2% |
| 2004-12-31 | $0.98 | $0.59 | 59.9% |
| 2003-12-31 | $1.17 | $0.63 | 54.2% |
| 2002-12-31 | $0.92 | $0.68 | 73.9% |
| 2001-12-31 | $0.78 | $0.34 | 43.6% |
