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 44.50% is in line with its 5-year average of 43.41%, near the low end of its 5-year range (24.21%–150.87%).
As of Friday, September 4, 2026. 8.44% below its 12-month average of 48.60%.
Dividend Payout Ratio (44.50%) = TTM Dividends/Share ($3.36) / TTM EPS ($7.55)
DIVIDEND PAYOUT RATIO
44.50%
DIVIDEND PAYOUT RATIO AVG TTM
48.60%
DIVIDEND PAYOUT RATIO AVG 3Y
44.29%
DIVIDEND PAYOUT RATIO AVG 5Y
43.41%
DIVIDEND PAYOUT RATIO AVG 10Y
38.88%
DIVIDEND PAYOUT RATIO AVG 15Y
37.31%
DIVIDEND PAYOUT RATIO AVG 20Y
33.90%
CURRENT VS TTM AVG
-8.44%
CURRENT VS 3Y AVG
+0.46%
CURRENT VS 5Y AVG
+2.50%
CURRENT VS 10Y AVG
+14.45%
CURRENT VS 15Y AVG
+19.26%
CURRENT VS 20Y AVG
+31.25%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $6.36 | $3.18 | 50.0% |
| 2024-12-31 | $7.82 | $3.12 | 39.9% |
| 2023-12-31 | $9.08 | $3.91 | 43.1% |
| 2022-12-31 | $14.62 | $5.29 | 36.2% |
| 2021-12-31 | $6.10 | $2.15 | 35.2% |
| 2020-12-31 | ($2.51) |
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 | 44.50% |
| 2026-09-03 | 44.51% |
| 2026-09-02 | 44.50% |
| 2026-09-01 | 44.51% |
| 2026-08-31 | 44.51% |
| 2026-08-28 | 44.49% |
| 2026-08-27 | 44.49% |
| 2026-08-26 | 44.51% |
| 2026-08-25 | 44.50% |
| 2026-08-24 | 44.50% |
| 2026-08-21 | 44.49% |
| 2026-08-20 | 44.51% |
| 2026-08-19 | 44.52% |
| 2026-08-18 | 44.50% |
| 2026-08-17 | 54.85% |
| 2026-08-14 | 43.70% |
| 2026-08-13 | 43.70% |
| 2026-08-12 | 43.71% |
| 2026-08-11 | 43.71% |
| 2026-08-10 | 43.72% |
| 2026-08-07 | 43.72% |
| 2026-08-06 | 43.69% |
| 2026-08-05 | 56.11% |
| 2026-08-04 | 56.13% |
| 2026-08-03 | 56.14% |
| 2026-07-31 | 56.12% |
| 2026-07-30 | 56.11% |
| 2026-07-29 | 56.13% |
| 2026-07-28 | 56.11% |
| 2026-07-27 | 56.13% |
| 2026-07-24 | 56.12% |
| 2026-07-23 | 56.12% |
| 2026-07-22 | 56.12% |
| 2026-07-21 | 56.11% |
| 2026-07-20 | 56.11% |
| 2026-07-17 | 56.13% |
| 2026-07-16 | 56.12% |
| 2026-07-15 | 56.13% |
| 2026-07-14 | 56.14% |
| 2026-07-13 | 56.12% |
| 2026-07-10 | 56.11% |
| 2026-07-09 | 56.12% |
| 2026-07-08 | 56.12% |
| 2026-07-07 | 56.12% |
| 2026-07-06 | 56.14% |
| 2026-07-02 | 56.12% |
| 2026-07-01 | 56.11% |
| 2026-06-30 | 56.12% |
| 2026-06-29 | 56.12% |
| 2026-06-26 | 56.12% |
| 2026-06-25 | 56.13% |
| 2026-06-24 | 56.11% |
| 2026-06-23 | 56.12% |
| 2026-06-22 | 56.13% |
| 2026-06-18 | 56.11% |
| 2026-06-17 | 56.11% |
| 2026-06-16 | 56.14% |
| 2026-06-15 | 56.12% |
| 2026-06-12 | 56.11% |
| 2026-06-11 | 56.13% |
| 2026-06-10 | 56.11% |
| 2026-06-09 | 56.12% |
| 2026-06-08 | 56.12% |
| 2026-06-05 | 56.12% |
| 2026-06-04 | 56.13% |
| 2026-06-03 | 56.13% |
| 2026-06-02 | 56.13% |
| 2026-06-01 | 56.13% |
| 2026-05-29 | 56.11% |
| 2026-05-28 | 56.13% |
| 2026-05-27 | 56.12% |
| 2026-05-26 | 56.11% |
| 2026-05-22 | 56.13% |
| 2026-05-21 | 56.12% |
| 2026-05-20 | 56.12% |
| 2026-05-19 | 56.13% |
| 2026-05-18 | 69.39% |
| 2026-05-15 | 69.39% |
| 2026-05-14 | 69.38% |
| 2026-05-13 | 69.40% |
| 2026-05-12 | 69.40% |
| 2026-05-11 | 69.38% |
| 2026-05-08 | 55.11% |
| 2026-05-07 | 55.11% |
| 2026-05-06 | 55.10% |
| 2026-05-05 | 55.09% |
| 2026-05-04 | 55.09% |
| 2026-05-01 | 55.10% |
| 2026-04-30 | 55.10% |
| 2026-04-29 | 51.18% |
| 2026-04-28 | 51.19% |
| 2026-04-27 | 51.18% |
| 2026-04-24 | 51.20% |
| 2026-04-23 | 51.19% |
| 2026-04-22 | 51.19% |
| 2026-04-21 | 51.19% |
| 2026-04-20 | 51.19% |
| 2026-04-17 | 51.18% |
| 2026-04-16 | 51.20% |
| 2026-04-15 | 51.19% |
| 2026-04-14 | 51.20% |
| 2026-04-13 | 51.19% |
| 2026-04-10 | 51.18% |
| 2026-04-09 | 51.20% |
| 2026-04-08 | 51.18% |
| 2026-04-07 | 51.19% |
| 2026-04-06 | 51.19% |
| 2026-04-02 | 51.19% |
| 2026-04-01 | 51.18% |
| 2026-03-31 | 51.18% |
| 2026-03-30 | 51.18% |
| 2026-03-27 | 51.19% |
| 2026-03-26 | 51.18% |
| 2026-03-25 | 51.19% |
| 2026-03-24 | 51.17% |
| 2026-03-23 | 51.18% |
| 2026-03-20 | 51.18% |
| 2026-03-19 | 51.19% |
| 2026-03-18 | 51.17% |
| 2026-03-17 | 51.18% |
| 2026-03-16 | 51.20% |
| 2026-03-13 | 51.20% |
| 2026-03-12 | 51.17% |
| 2026-03-11 | 51.19% |
| 2026-03-10 | 51.18% |
| 2026-03-09 | 51.19% |
| 2026-03-06 | 51.17% |
| 2026-03-05 | 51.17% |
| 2026-03-04 | 51.18% |
| 2026-03-03 | 51.18% |
| 2026-03-02 | 51.19% |
| 2026-02-27 | 51.17% |
| 2026-02-26 | 51.19% |
| 2026-02-25 | 51.19% |
| 2026-02-24 | 51.18% |
| 2026-02-23 | 51.19% |
| 2026-02-20 | 51.18% |
| 2026-02-19 | 51.19% |
| 2026-02-18 | 51.19% |
| 2026-02-17 | 37.90% |
| 2026-02-13 | 44.98% |
| 2026-02-12 | 44.99% |
| 2026-02-11 | 44.98% |
| 2026-02-10 | 44.99% |
| 2026-02-09 | 44.96% |
| 2026-02-06 | 44.97% |
| 2026-02-05 | 44.98% |
| 2026-02-04 | 44.99% |
| 2026-02-03 | 44.98% |
| 2026-02-02 | 44.99% |
| 2026-01-30 | 44.97% |
| 2026-01-29 | 44.98% |
| 2026-01-28 | 44.98% |
| 2026-01-27 | 44.99% |
| 2026-01-26 | 44.99% |
| 2026-01-23 | 44.98% |
| 2026-01-22 | 44.98% |
| 2026-01-21 | 44.97% |
| 2026-01-20 | 44.98% |
| 2026-01-16 | 44.98% |
| 2026-01-15 | 44.97% |
| 2026-01-14 | 44.97% |
| 2026-01-13 | 44.97% |
| 2026-01-12 | 44.99% |
| 2026-01-09 | 44.97% |
| 2026-01-08 | 44.97% |
| 2026-01-07 | 44.99% |
| 2026-01-06 | 44.99% |
| 2026-01-05 | 44.98% |
| 2026-01-02 | 44.99% |
| 2025-12-31 | 44.98% |
| 2025-12-30 | 44.98% |
| 2025-12-29 | 44.97% |
| 2025-12-26 | 44.99% |
| 2025-12-24 | 44.96% |
| 2025-12-23 | 44.99% |
| 2025-12-22 | 44.99% |
| 2025-12-19 | 44.96% |
| 2025-12-18 | 45.00% |
| 2025-12-17 | 44.97% |
| 2025-12-16 | 44.98% |
| 2025-12-15 | 44.99% |
| 2025-12-12 | 44.97% |
| 2025-12-11 | 44.98% |
| 2025-12-10 | 44.97% |
| 2025-12-09 | 44.96% |
| 2025-12-08 | 44.99% |
| 2025-12-05 | 44.97% |
| 2025-12-04 | 44.97% |
| 2025-12-03 | 44.99% |
| 2025-12-02 | 44.98% |
| 2025-12-01 | 44.99% |
| 2025-11-28 | 44.96% |
| 2025-11-26 | 44.99% |
| 2025-11-25 | 44.97% |
| 2025-11-24 | 44.96% |
| 2025-11-21 | 44.99% |
| 2025-11-20 | 44.97% |
| 2025-11-19 | 44.96% |
| 2025-11-18 | 44.96% |
| 2025-11-17 | 44.98% |
| 2025-11-14 | 33.09% |
| 2025-11-13 | 33.10% |
| 2025-11-12 | 33.10% |
| 2025-11-11 | 33.10% |
| 2025-11-10 | 33.10% |
| 2025-11-07 | 44.12% |
| 2025-11-06 | 44.14% |
| 2025-11-05 | 41.87% |
| 2025-11-04 | 41.88% |
| 2025-11-03 | 41.88% |
| 2025-10-31 | 41.89% |
| 2025-10-30 | 41.88% |
| 2025-10-29 | 41.87% |
| 2025-10-28 | 41.88% |
| 2025-10-27 | 41.86% |
| 2025-10-24 | 41.89% |
| 2025-10-23 | 41.87% |
| 2025-10-22 | 41.87% |
| 2025-10-21 | 41.88% |
| 2025-10-20 | 41.89% |
| 2025-10-17 | 41.89% |
| 2025-10-16 | 41.89% |
| 2025-10-15 | 41.89% |
| 2025-10-14 | 41.86% |
| 2025-10-13 | 41.89% |
| 2025-10-10 | 41.87% |
| 2025-10-09 | 41.87% |
| 2025-10-08 | 41.87% |
| 2025-10-07 | 41.87% |
| 2025-10-06 | 41.88% |
| 2025-10-03 | 41.88% |
| 2025-10-02 | 41.87% |
| 2025-10-01 | 41.87% |
| 2025-09-30 | 41.89% |
| 2025-09-29 | 41.89% |
| 2025-09-26 | 41.88% |
| 2025-09-25 | 41.86% |
| 2025-09-24 | 41.89% |
| 2025-09-23 | 41.89% |
| 2025-09-22 | 41.88% |
| 2025-09-19 | 41.89% |
| 2025-09-18 | 41.89% |
| 2025-09-17 | 41.87% |
| 2025-09-16 | 41.88% |
| 2025-09-15 | 41.87% |
| 2025-09-12 | 41.89% |
| 2025-09-11 | 41.86% |
| 2025-09-10 | 41.88% |
| 2025-09-09 | 41.88% |
| 2025-09-08 | 41.88% |
| 2025-09-05 | 41.89% |
| 2025-09-04 | 41.90% |
| 2025-09-03 | 41.86% |
| 2025-09-02 | 41.89% |
| 2025-08-29 | 41.86% |
| 2025-08-28 | 41.86% |
| 2025-08-27 | 41.88% |
| 2025-08-26 | 41.89% |
| 2025-08-25 | 41.88% |
Showing the most recent 260 of 2,090 data points. The chart above shows the full history.
| $1.69 |
| N/A (Loss) |
| 2019-12-31 | $6.43 | $1.33 | 20.8% |
| 2018-12-31 | $5.36 | $1.16 | 21.6% |
| 2017-12-31 | ($0.70) | $1.06 | N/A (Loss) |
| 2016-12-31 | ($2.91) | $1.00 | N/A (Loss) |
| 2015-12-31 | ($3.58) | $2.94 | N/A (Loss) |
| 2014-12-31 | $5.54 | $2.84 | 51.3% |
| 2013-12-31 | $7.43 | $2.70 | 36.3% |
| 2012-12-31 | $6.77 | $2.48 | 36.7% |
| 2011-12-31 | $9.04 | $2.01 | 22.3% |
| 2010-12-31 | $7.68 | $1.64 | 21.3% |
| 2009-12-31 | $2.96 | $1.46 | 49.2% |
| 2008-12-31 | ($11.16) | $1.43 | N/A (Loss) |
| 2007-12-31 | $7.32 | $1.25 | 17.1% |
| 2006-12-31 | $9.80 | $1.10 | 11.2% |
| 2005-12-31 | $9.71 | $0.90 | 9.3% |
| 2004-12-31 | $5.88 | $0.68 | 11.6% |
| 2003-12-31 | $3.48 | $0.62 | 17.9% |
| 2002-12-31 | ($0.31) | $0.56 | N/A (Loss) |
| 2001-12-31 | $2.84 | $0.53 | 18.8% |
| 2000-12-31 | $3.66 | $0.52 | 14.2% |
| 1999-12-31 | $1.21 | $0.52 | 42.8% |
| 1998-12-31 | $0.46 | $0.52 | 112.7% |
| 1997-12-31 | $1.82 | $0.51 | 28.1% |
| 1996-12-31 | $2.48 | $0.48 | 19.2% |
