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 140.21% is 15% below its 5-year average of 165.74%, near the low end of its 5-year range (46.57%–381.21%).
As of Wednesday, August 12, 2026. 2.14% above its 12-month average of 137.28%.
Dividend Payout Ratio (140.21%) = TTM Dividends/Share ($4.22) / TTM EPS ($3.01)
DIVIDEND PAYOUT RATIO
140.21%
DIVIDEND PAYOUT RATIO AVG TTM
137.28%
DIVIDEND PAYOUT RATIO AVG 3Y
185.18%
DIVIDEND PAYOUT RATIO AVG 5Y
165.74%
DIVIDEND PAYOUT RATIO AVG 10Y
150.89%
DIVIDEND PAYOUT RATIO AVG 15Y
134.43%
DIVIDEND PAYOUT RATIO AVG 20Y
136.69%
CURRENT VS TTM AVG
+2.14%
CURRENT VS 3Y AVG
-24.28%
CURRENT VS 5Y AVG
-15.40%
CURRENT VS 10Y AVG
-7.08%
CURRENT VS 15Y AVG
+4.30%
CURRENT VS 20Y AVG
+2.57%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.54 | $4.20 | 118.6% |
| 2024 | $1.50 | $4.12 | 274.7% |
| 2023 | $3.71 | $4.00 | 107.8% |
| 2022 | $6.07 | $3.76 | 61.9% |
| 2021 | $2.97 | $3.32 | 111.8% |
| 2020 | $1.24 | $3.32 |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-08-12 | 140.21% |
| 2026-08-11 | 140.21% |
| 2026-08-10 | 140.20% |
| 2026-08-07 | 140.21% |
| 2026-08-06 | 140.20% |
| 2026-08-05 | 140.20% |
| 2026-08-04 | 140.21% |
| 2026-08-03 | 140.18% |
| 2026-07-31 | 140.18% |
| 2026-07-30 | 118.19% |
| 2026-07-29 | 118.22% |
| 2026-07-28 | 118.19% |
| 2026-07-27 | 118.22% |
| 2026-07-24 | 118.22% |
| 2026-07-23 | 118.22% |
| 2026-07-22 | 118.22% |
| 2026-07-21 | 118.22% |
| 2026-07-20 | 118.19% |
| 2026-07-17 | 118.19% |
| 2026-07-16 | 118.20% |
| 2026-07-15 | 118.22% |
| 2026-07-14 | 118.22% |
| 2026-07-13 | 118.22% |
| 2026-07-10 | 118.20% |
| 2026-07-09 | 118.19% |
| 2026-07-08 | 118.22% |
| 2026-07-07 | 118.22% |
| 2026-07-06 | 118.21% |
| 2026-07-02 | 118.20% |
| 2026-07-01 | 118.22% |
| 2026-06-30 | 118.21% |
| 2026-06-29 | 117.93% |
| 2026-06-26 | 117.93% |
| 2026-06-25 | 117.93% |
| 2026-06-24 | 117.95% |
| 2026-06-23 | 117.92% |
| 2026-06-22 | 117.94% |
| 2026-06-18 | 117.93% |
| 2026-06-17 | 117.93% |
| 2026-06-16 | 117.91% |
| 2026-06-15 | 117.92% |
| 2026-06-12 | 117.94% |
| 2026-06-11 | 117.94% |
| 2026-06-10 | 117.93% |
| 2026-06-09 | 117.91% |
| 2026-06-08 | 117.91% |
| 2026-06-05 | 117.92% |
| 2026-06-04 | 117.94% |
| 2026-06-03 | 117.92% |
| 2026-06-02 | 117.93% |
| 2026-06-01 | 117.91% |
| 2026-05-29 | 117.93% |
| 2026-05-28 | 117.94% |
| 2026-05-27 | 117.94% |
| 2026-05-26 | 117.93% |
| 2026-05-22 | 117.91% |
| 2026-05-21 | 117.93% |
| 2026-05-20 | 117.91% |
| 2026-05-19 | 117.93% |
| 2026-05-18 | 117.92% |
| 2026-05-15 | 117.94% |
| 2026-05-14 | 117.93% |
| 2026-05-13 | 117.93% |
| 2026-05-12 | 117.94% |
| 2026-05-11 | 117.93% |
| 2026-05-08 | 117.94% |
| 2026-05-07 | 117.92% |
| 2026-05-06 | 117.93% |
| 2026-05-05 | 117.93% |
| 2026-05-04 | 117.93% |
| 2026-05-01 | 117.94% |
| 2026-04-30 | 119.26% |
| 2026-04-29 | 119.28% |
| 2026-04-28 | 119.27% |
| 2026-04-27 | 119.26% |
| 2026-04-24 | 119.25% |
| 2026-04-23 | 119.28% |
| 2026-04-22 | 119.27% |
| 2026-04-21 | 119.26% |
| 2026-04-20 | 119.28% |
| 2026-04-17 | 119.26% |
| 2026-04-16 | 119.27% |
| 2026-04-15 | 119.27% |
| 2026-04-14 | 119.25% |
| 2026-04-13 | 119.26% |
| 2026-04-10 | 119.26% |
| 2026-04-09 | 119.28% |
| 2026-04-08 | 119.26% |
| 2026-04-07 | 119.25% |
| 2026-04-06 | 119.27% |
| 2026-04-02 | 119.25% |
| 2026-04-01 | 119.27% |
| 2026-03-31 | 119.28% |
| 2026-03-30 | 118.99% |
| 2026-03-27 | 118.99% |
| 2026-03-26 | 118.99% |
| 2026-03-25 | 119.00% |
| 2026-03-24 | 118.99% |
| 2026-03-23 | 118.96% |
| 2026-03-20 | 118.98% |
| 2026-03-19 | 118.99% |
| 2026-03-18 | 118.99% |
| 2026-03-17 | 118.97% |
| 2026-03-16 | 118.98% |
| 2026-03-13 | 118.97% |
| 2026-03-12 | 118.97% |
| 2026-03-11 | 118.98% |
| 2026-03-10 | 118.98% |
| 2026-03-09 | 119.00% |
| 2026-03-06 | 118.99% |
| 2026-03-05 | 118.99% |
| 2026-03-04 | 118.99% |
| 2026-03-03 | 118.99% |
| 2026-03-02 | 118.99% |
| 2026-02-27 | 118.98% |
| 2026-02-26 | 118.98% |
| 2026-02-25 | 118.97% |
| 2026-02-24 | 118.99% |
| 2026-02-23 | 118.97% |
| 2026-02-20 | 118.99% |
| 2026-02-19 | 118.97% |
| 2026-02-18 | 118.99% |
| 2026-02-17 | 118.98% |
| 2026-02-13 | 119.00% |
| 2026-02-12 | 118.99% |
| 2026-02-11 | 170.03% |
| 2026-02-10 | 170.04% |
| 2026-02-09 | 170.06% |
| 2026-02-06 | 170.04% |
| 2026-02-05 | 170.06% |
| 2026-02-04 | 170.03% |
| 2026-02-03 | 170.05% |
| 2026-02-02 | 170.04% |
| 2026-01-30 | 170.04% |
| 2026-01-29 | 170.04% |
| 2026-01-28 | 170.04% |
| 2026-01-27 | 170.05% |
| 2026-01-26 | 170.03% |
| 2026-01-23 | 170.05% |
| 2026-01-22 | 170.06% |
| 2026-01-21 | 170.05% |
| 2026-01-20 | 170.04% |
| 2026-01-16 | 170.03% |
| 2026-01-15 | 170.05% |
| 2026-01-14 | 170.04% |
| 2026-01-13 | 170.03% |
| 2026-01-12 | 170.03% |
| 2026-01-09 | 170.05% |
| 2026-01-08 | 170.04% |
| 2026-01-07 | 170.05% |
| 2026-01-06 | 170.04% |
| 2026-01-05 | 170.04% |
| 2026-01-02 | 170.03% |
| 2025-12-31 | 170.05% |
| 2025-12-30 | 170.06% |
| 2025-12-29 | 170.04% |
| 2025-12-26 | 170.02% |
| 2025-12-24 | 170.06% |
| 2025-12-23 | 170.03% |
| 2025-12-22 | 170.06% |
| 2025-12-19 | 170.03% |
| 2025-12-18 | 170.03% |
| 2025-12-17 | 211.74% |
| 2025-12-16 | 169.25% |
| 2025-12-15 | 169.24% |
| 2025-12-12 | 169.24% |
| 2025-12-11 | 169.21% |
| 2025-12-10 | 169.22% |
| 2025-12-09 | 169.23% |
| 2025-12-08 | 169.21% |
| 2025-12-05 | 169.24% |
| 2025-12-04 | 169.22% |
| 2025-12-03 | 169.24% |
| 2025-12-02 | 169.21% |
| 2025-12-01 | 169.23% |
| 2025-11-28 | 169.22% |
| 2025-11-26 | 169.24% |
| 2025-11-25 | 169.24% |
| 2025-11-24 | 169.21% |
| 2025-11-21 | 169.22% |
| 2025-11-20 | 169.24% |
| 2025-11-19 | 169.23% |
| 2025-11-18 | 169.24% |
| 2025-11-17 | 169.25% |
| 2025-11-14 | 169.22% |
| 2025-11-13 | 169.24% |
| 2025-11-12 | 169.21% |
| 2025-11-11 | 169.25% |
| 2025-11-10 | 169.24% |
| 2025-11-07 | 169.25% |
| 2025-11-06 | 292.04% |
| 2025-11-05 | 292.05% |
| 2025-11-04 | 292.02% |
| 2025-11-03 | 292.04% |
| 2025-10-31 | 292.03% |
| 2025-10-30 | 292.03% |
| 2025-10-29 | 292.06% |
| 2025-10-28 | 292.05% |
| 2025-10-27 | 292.03% |
| 2025-10-24 | 292.04% |
| 2025-10-23 | 292.06% |
| 2025-10-22 | 292.04% |
| 2025-10-21 | 292.06% |
| 2025-10-20 | 292.06% |
| 2025-10-17 | 292.03% |
| 2025-10-16 | 292.05% |
| 2025-10-15 | 292.02% |
| 2025-10-14 | 292.02% |
| 2025-10-13 | 292.04% |
| 2025-10-10 | 292.03% |
| 2025-10-09 | 292.03% |
| 2025-10-08 | 292.02% |
| 2025-10-07 | 292.04% |
| 2025-10-06 | 292.02% |
| 2025-10-03 | 292.04% |
| 2025-10-02 | 292.02% |
| 2025-10-01 | 292.03% |
| 2025-09-30 | 292.03% |
| 2025-09-29 | 290.63% |
| 2025-09-26 | 290.66% |
| 2025-09-25 | 290.63% |
| 2025-09-24 | 290.66% |
| 2025-09-23 | 290.63% |
| 2025-09-22 | 290.64% |
| 2025-09-19 | 290.64% |
| 2025-09-18 | 290.64% |
| 2025-09-17 | 290.66% |
| 2025-09-16 | 290.64% |
| 2025-09-15 | 290.63% |
| 2025-09-12 | 290.64% |
| 2025-09-11 | 290.63% |
| 2025-09-10 | 290.65% |
| 2025-09-09 | 290.64% |
| 2025-09-08 | 290.66% |
| 2025-09-05 | 290.63% |
| 2025-09-04 | 290.64% |
| 2025-09-03 | 290.64% |
| 2025-09-02 | 290.64% |
| 2025-08-29 | 290.66% |
| 2025-08-28 | 290.64% |
| 2025-08-27 | 290.63% |
| 2025-08-26 | 290.63% |
| 2025-08-25 | 290.63% |
| 2025-08-22 | 290.64% |
| 2025-08-21 | 290.65% |
| 2025-08-20 | 290.66% |
| 2025-08-19 | 290.64% |
| 2025-08-18 | 290.65% |
| 2025-08-15 | 290.64% |
| 2025-08-14 | 290.63% |
| 2025-08-13 | 290.66% |
| 2025-08-12 | 290.66% |
| 2025-08-11 | 290.66% |
| 2025-08-08 | 290.63% |
| 2025-08-07 | 290.66% |
| 2025-08-06 | 290.66% |
| 2025-08-05 | 290.66% |
| 2025-08-04 | 290.65% |
| 2025-08-01 | 290.64% |
| 2025-07-31 | 381.18% |
Showing the most recent 260 of 2,454 data points. The chart above shows the full history.
| 267.7% |
| 2019 | $2.23 | $3.20 | 143.5% |
| 2018 | $1.64 | $3.08 | 187.8% |
| 2017 | $2.15 | $3.00 | 139.5% |
| 2016 | $9.15 | $3.00 | 32.8% |
| 2015 | $2.77 | $2.80 | 101.1% |
| 2014 | $3.32 | $2.64 | 79.5% |
| 2013 | $3.82 | $2.52 | 66.0% |
| 2012 | $3.35 | $2.24 | 66.9% |
| 2011 | $0.67 | $1.96 | 292.5% |
| 2010 | $0.33 | $1.80 | 545.5% |
| 2009 | ($0.80) | $2.05 | N/A (Loss) |
| 2008 | $1.28 | $2.80 | 218.8% |
| 2007 | $2.35 | $2.76 | 117.4% |
| 2006 | $4.11 | $2.64 | 64.2% |
| 2005 | $3.83 | $2.54 | 66.3% |
| 2004 | $1.00 | $2.54 | 254.0% |
| 2003 | $0.75 | $2.54 | 338.7% |
| 2002 | $1.84 | $2.54 | 138.0% |
| 2001 | $1.48 | $2.44 | 164.9% |
| 2000 | $1.71 | $2.25 | 131.6% |
| 1999 | $1.27 | $2.08 | 163.8% |
| 1998 | $1.16 | $2.02 | 174.1% |
| 1997 | $1.46 | $1.96 | 134.2% |
| 1996 | $0.59 | $1.90 | 322.0% |
