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 23.90% is 35% below its 5-year average of 36.92%, near the low end of its 5-year range (16.07%–77.43%).
As of Monday, August 10, 2026. 32.76% below its 12-month average of 35.55%.
Dividend Payout Ratio (23.90%) = TTM Dividends/Share ($1.52) / TTM EPS ($6.36)
DIVIDEND PAYOUT RATIO
23.90%
DIVIDEND PAYOUT RATIO AVG TTM
35.55%
DIVIDEND PAYOUT RATIO AVG 3Y
37.78%
DIVIDEND PAYOUT RATIO AVG 5Y
36.92%
DIVIDEND PAYOUT RATIO AVG 10Y
35.15%
DIVIDEND PAYOUT RATIO AVG 15Y
36.31%
DIVIDEND PAYOUT RATIO AVG 20Y
33.21%
CURRENT VS TTM AVG
-32.76%
CURRENT VS 3Y AVG
-36.73%
CURRENT VS 5Y AVG
-35.26%
CURRENT VS 10Y AVG
-32.00%
CURRENT VS 15Y AVG
-34.16%
CURRENT VS 20Y AVG
-28.03%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $5.54 | $1.48 | 26.7% |
| 2024 | $5.06 | $1.40 | 27.7% |
| 2023 | $4.36 | $2.36 | 54.1% |
| 2022 | $4.78 | $2.20 | 46.0% |
| 2021 | $3.29 | $1.16 | 35.3% |
| 2020 | $1.43 | $0.92 |
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 |
|---|---|
| 2026-08-10 | 23.90% |
| 2026-08-07 | 23.90% |
| 2026-08-06 | 23.91% |
| 2026-08-05 | 23.89% |
| 2026-08-04 | 23.90% |
| 2026-08-03 | 23.90% |
| 2026-07-31 | 23.90% |
| 2026-07-30 | 23.89% |
| 2026-07-29 | 26.20% |
| 2026-07-28 | 26.21% |
| 2026-07-27 | 26.20% |
| 2026-07-24 | 26.21% |
| 2026-07-23 | 26.21% |
| 2026-07-22 | 26.20% |
| 2026-07-21 | 26.21% |
| 2026-07-20 | 26.20% |
| 2026-07-17 | 26.20% |
| 2026-07-16 | 26.21% |
| 2026-07-15 | 26.20% |
| 2026-07-14 | 26.21% |
| 2026-07-13 | 26.21% |
| 2026-07-10 | 26.20% |
| 2026-07-09 | 26.20% |
| 2026-07-08 | 26.21% |
| 2026-07-07 | 26.20% |
| 2026-07-06 | 26.21% |
| 2026-07-02 | 26.21% |
| 2026-07-01 | 26.21% |
| 2026-06-30 | 26.21% |
| 2026-06-29 | 26.21% |
| 2026-06-26 | 26.21% |
| 2026-06-25 | 26.21% |
| 2026-06-24 | 26.20% |
| 2026-06-23 | 26.20% |
| 2026-06-22 | 26.21% |
| 2026-06-18 | 26.21% |
| 2026-06-17 | 26.20% |
| 2026-06-16 | 26.21% |
| 2026-06-15 | 26.20% |
| 2026-06-12 | 26.21% |
| 2026-06-11 | 26.20% |
| 2026-06-10 | 26.21% |
| 2026-06-09 | 26.21% |
| 2026-06-08 | 26.21% |
| 2026-06-05 | 26.20% |
| 2026-06-04 | 26.20% |
| 2026-06-03 | 26.21% |
| 2026-06-02 | 26.21% |
| 2026-06-01 | 26.21% |
| 2026-05-29 | 26.21% |
| 2026-05-28 | 26.21% |
| 2026-05-27 | 26.21% |
| 2026-05-26 | 26.21% |
| 2026-05-22 | 32.60% |
| 2026-05-21 | 32.59% |
| 2026-05-20 | 32.58% |
| 2026-05-19 | 32.59% |
| 2026-05-18 | 32.59% |
| 2026-05-15 | 32.58% |
| 2026-05-14 | 25.87% |
| 2026-05-13 | 25.86% |
| 2026-05-12 | 25.87% |
| 2026-05-11 | 25.86% |
| 2026-05-08 | 25.86% |
| 2026-05-07 | 25.86% |
| 2026-05-06 | 25.86% |
| 2026-05-05 | 25.87% |
| 2026-05-04 | 25.86% |
| 2026-05-01 | 25.87% |
| 2026-04-30 | 25.87% |
| 2026-04-29 | 25.33% |
| 2026-04-28 | 25.34% |
| 2026-04-27 | 25.34% |
| 2026-04-24 | 25.33% |
| 2026-04-23 | 25.34% |
| 2026-04-22 | 25.34% |
| 2026-04-21 | 25.33% |
| 2026-04-20 | 25.33% |
| 2026-04-17 | 25.34% |
| 2026-04-16 | 25.33% |
| 2026-04-15 | 25.34% |
| 2026-04-14 | 25.33% |
| 2026-04-13 | 25.34% |
| 2026-04-10 | 25.33% |
| 2026-04-09 | 25.34% |
| 2026-04-08 | 25.33% |
| 2026-04-07 | 25.33% |
| 2026-04-06 | 25.34% |
| 2026-04-02 | 25.33% |
| 2026-04-01 | 25.34% |
| 2026-03-31 | 25.33% |
| 2026-03-30 | 25.33% |
| 2026-03-27 | 25.33% |
| 2026-03-26 | 25.33% |
| 2026-03-25 | 25.33% |
| 2026-03-24 | 25.33% |
| 2026-03-23 | 25.34% |
| 2026-03-20 | 25.34% |
| 2026-03-19 | 25.33% |
| 2026-03-18 | 25.33% |
| 2026-03-17 | 25.33% |
| 2026-03-16 | 25.33% |
| 2026-03-13 | 31.59% |
| 2026-03-12 | 31.58% |
| 2026-03-11 | 31.59% |
| 2026-03-10 | 31.58% |
| 2026-03-09 | 31.58% |
| 2026-03-06 | 31.58% |
| 2026-03-05 | 24.99% |
| 2026-03-04 | 25.00% |
| 2026-03-03 | 25.00% |
| 2026-03-02 | 24.99% |
| 2026-02-27 | 24.99% |
| 2026-02-26 | 25.00% |
| 2026-02-25 | 24.99% |
| 2026-02-24 | 25.00% |
| 2026-02-23 | 25.00% |
| 2026-02-20 | 25.00% |
| 2026-02-19 | 24.99% |
| 2026-02-18 | 25.00% |
| 2026-02-17 | 41.57% |
| 2026-02-13 | 41.57% |
| 2026-02-12 | 41.56% |
| 2026-02-11 | 41.56% |
| 2026-02-10 | 41.56% |
| 2026-02-09 | 41.56% |
| 2026-02-06 | 41.56% |
| 2026-02-05 | 41.57% |
| 2026-02-04 | 41.56% |
| 2026-02-03 | 41.56% |
| 2026-02-02 | 41.56% |
| 2026-01-30 | 41.57% |
| 2026-01-29 | 41.56% |
| 2026-01-28 | 41.56% |
| 2026-01-27 | 41.56% |
| 2026-01-26 | 41.56% |
| 2026-01-23 | 41.57% |
| 2026-01-22 | 41.56% |
| 2026-01-21 | 41.56% |
| 2026-01-20 | 41.56% |
| 2026-01-16 | 41.56% |
| 2026-01-15 | 41.56% |
| 2026-01-14 | 41.56% |
| 2026-01-13 | 41.56% |
| 2026-01-12 | 41.57% |
| 2026-01-09 | 41.57% |
| 2026-01-08 | 41.57% |
| 2026-01-07 | 41.56% |
| 2026-01-06 | 41.56% |
| 2026-01-05 | 41.56% |
| 2026-01-02 | 41.57% |
| 2025-12-31 | 41.57% |
| 2025-12-30 | 41.56% |
| 2025-12-29 | 41.56% |
| 2025-12-26 | 41.56% |
| 2025-12-24 | 41.57% |
| 2025-12-23 | 41.56% |
| 2025-12-22 | 41.57% |
| 2025-12-19 | 41.56% |
| 2025-12-18 | 41.56% |
| 2025-12-17 | 41.57% |
| 2025-12-16 | 41.56% |
| 2025-12-15 | 41.56% |
| 2025-12-12 | 41.57% |
| 2025-12-11 | 41.56% |
| 2025-12-10 | 41.56% |
| 2025-12-09 | 41.57% |
| 2025-12-08 | 41.57% |
| 2025-12-05 | 41.57% |
| 2025-12-04 | 41.57% |
| 2025-12-03 | 41.56% |
| 2025-12-02 | 41.56% |
| 2025-12-01 | 41.56% |
| 2025-11-28 | 41.56% |
| 2025-11-26 | 41.56% |
| 2025-11-25 | 41.56% |
| 2025-11-24 | 41.56% |
| 2025-11-21 | 51.39% |
| 2025-11-20 | 41.00% |
| 2025-11-19 | 41.00% |
| 2025-11-18 | 41.00% |
| 2025-11-17 | 41.00% |
| 2025-11-14 | 41.00% |
| 2025-11-13 | 41.01% |
| 2025-11-12 | 41.01% |
| 2025-11-11 | 41.01% |
| 2025-11-10 | 41.00% |
| 2025-11-07 | 41.00% |
| 2025-11-06 | 41.00% |
| 2025-11-05 | 41.00% |
| 2025-11-04 | 46.78% |
| 2025-11-03 | 46.78% |
| 2025-10-31 | 46.78% |
| 2025-10-30 | 46.78% |
| 2025-10-29 | 46.78% |
| 2025-10-28 | 46.78% |
| 2025-10-27 | 46.79% |
| 2025-10-24 | 46.79% |
| 2025-10-23 | 46.78% |
| 2025-10-22 | 46.78% |
| 2025-10-21 | 46.78% |
| 2025-10-20 | 46.79% |
| 2025-10-17 | 46.79% |
| 2025-10-16 | 46.78% |
| 2025-10-15 | 46.79% |
| 2025-10-14 | 46.78% |
| 2025-10-13 | 46.78% |
| 2025-10-10 | 46.78% |
| 2025-10-09 | 46.79% |
| 2025-10-08 | 46.78% |
| 2025-10-07 | 46.78% |
| 2025-10-06 | 46.79% |
| 2025-10-03 | 46.78% |
| 2025-10-02 | 46.79% |
| 2025-10-01 | 46.78% |
| 2025-09-30 | 46.78% |
| 2025-09-29 | 46.79% |
| 2025-09-26 | 46.78% |
| 2025-09-25 | 46.79% |
| 2025-09-24 | 46.78% |
| 2025-09-23 | 46.78% |
| 2025-09-22 | 46.78% |
| 2025-09-19 | 46.79% |
| 2025-09-18 | 46.79% |
| 2025-09-17 | 46.79% |
| 2025-09-16 | 46.79% |
| 2025-09-15 | 46.79% |
| 2025-09-12 | 46.78% |
| 2025-09-11 | 46.78% |
| 2025-09-10 | 46.78% |
| 2025-09-09 | 46.79% |
| 2025-09-08 | 46.79% |
| 2025-09-05 | 46.78% |
| 2025-09-04 | 46.78% |
| 2025-09-03 | 46.78% |
| 2025-09-02 | 46.79% |
| 2025-08-29 | 46.78% |
| 2025-08-28 | 46.78% |
| 2025-08-27 | 46.79% |
| 2025-08-26 | 46.79% |
| 2025-08-25 | 46.79% |
| 2025-08-22 | 57.99% |
| 2025-08-21 | 46.14% |
| 2025-08-20 | 46.14% |
| 2025-08-19 | 46.14% |
| 2025-08-18 | 46.15% |
| 2025-08-15 | 46.15% |
| 2025-08-14 | 46.14% |
| 2025-08-13 | 46.15% |
| 2025-08-12 | 46.14% |
| 2025-08-11 | 46.14% |
| 2025-08-08 | 46.14% |
| 2025-08-07 | 46.14% |
| 2025-08-06 | 46.14% |
| 2025-08-05 | 44.71% |
| 2025-08-04 | 44.72% |
| 2025-08-01 | 44.71% |
| 2025-07-31 | 44.72% |
| 2025-07-30 | 44.71% |
| 2025-07-29 | 44.71% |
Showing the most recent 260 of 2,088 data points. The chart above shows the full history.
| 64.6% |
| 2019 | $2.12 | $0.82 | 38.4% |
| 2018 | $1.35 | $0.83 | 61.4% |
| 2017 | $2.62 | $0.72 | 27.5% |
| 2016 | $1.66 | $0.69 | 41.7% |
| 2015 | $0.99 | $0.69 | 70.0% |
| 2014 | $0.98 | $0.85 | 86.8% |
| 2013 | ($0.56) | $0.82 | N/A (Loss) |
| 2012 | $0.96 | $0.82 | 85.3% |
| 2011 | $1.14 | $0.88 | 76.8% |
| 2010 | $0.82 | $0.83 | 101.6% |
| 2009 | $1.23 | $2.55 | 206.7% |
| 2008 | $3.12 | $1.03 | 33.1% |
| 2007 | $3.23 | $0.78 | 24.2% |
| 2006 | $3.01 | $0.45 | 15.0% |
| 2005 | $2.20 | $0.45 | 20.3% |
| 2004 | $1.95 | $0.36 | 18.5% |
| 2003 | $1.94 | $0.29 | 14.7% |
| 2002 | $1.31 | $0.22 | 16.5% |
| 2001 | $0.10 | $0.21 | 212.8% |
| 2000 | $0.10 | $0.19 | 187.2% |
| 1999 | $1.18 | $0.10 | 8.7% |
| 1998 | $1.54 | $0.08 | 5.3% |
| 1997 | $0.79 | $0.08 | 9.8% |
| 1996 | $0.90 | $0.07 | 8.2% |
