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 49.84% is 14% below its 5-year average of 57.69%, near the low end of its 5-year range (46.82%–82.44%).
As of Tuesday, September 8, 2026. 16.62% below its 12-month average of 59.78%.
Dividend Payout Ratio (49.84%) = TTM Dividends/Share ($1.66) / TTM EPS ($3.33)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-08.
DIVIDEND PAYOUT RATIO
49.84%
DIVIDEND PAYOUT RATIO AVG TTM
59.78%
DIVIDEND PAYOUT RATIO AVG 3Y
59.20%
DIVIDEND PAYOUT RATIO AVG 5Y
57.69%
DIVIDEND PAYOUT RATIO AVG 10Y
56.40%
DIVIDEND PAYOUT RATIO AVG 15Y
53.04%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-16.62%
CURRENT VS 3Y AVG
-15.81%
CURRENT VS 5Y AVG
-13.61%
CURRENT VS 10Y AVG
-11.63%
CURRENT VS 15Y AVG
-6.03%
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2026-07-25 | $3.36 | $1.66 | 49.4% |
| 2025-07-26 | $2.56 | $1.62 | 63.3% |
| 2024-07-27 | $2.55 | $1.58 | 62.0% |
| 2023-07-29 | $3.08 | $1.54 | 50.0% |
| 2022-07-30 | $2.83 | $1.50 | 53.0% |
| 2021-07-31 | $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 |
|---|---|
| 2026-09-08 | 49.84% |
| 2026-09-04 | 49.85% |
| 2026-09-03 | 49.86% |
| 2026-09-02 | 49.85% |
| 2026-09-01 | 55.33% |
| 2026-08-31 | 55.33% |
| 2026-08-28 | 55.33% |
| 2026-08-27 | 55.33% |
| 2026-08-26 | 55.33% |
| 2026-08-25 | 55.34% |
| 2026-08-24 | 55.33% |
| 2026-08-21 | 55.33% |
| 2026-08-20 | 55.33% |
| 2026-08-19 | 55.33% |
| 2026-08-18 | 55.33% |
| 2026-08-17 | 55.33% |
| 2026-08-14 | 55.34% |
| 2026-08-13 | 55.33% |
| 2026-08-12 | 55.33% |
| 2026-08-11 | 55.33% |
| 2026-08-10 | 55.34% |
| 2026-08-07 | 55.34% |
| 2026-08-06 | 55.33% |
| 2026-08-05 | 55.33% |
| 2026-08-04 | 55.33% |
| 2026-08-03 | 55.33% |
| 2026-07-31 | 55.33% |
| 2026-07-30 | 55.33% |
| 2026-07-29 | 55.33% |
| 2026-07-28 | 55.34% |
| 2026-07-27 | 55.33% |
| 2026-07-24 | 55.34% |
| 2026-07-23 | 55.34% |
| 2026-07-22 | 55.33% |
| 2026-07-21 | 55.33% |
| 2026-07-20 | 55.33% |
| 2026-07-17 | 55.33% |
| 2026-07-16 | 55.33% |
| 2026-07-15 | 55.34% |
| 2026-07-14 | 55.33% |
| 2026-07-13 | 55.33% |
| 2026-07-10 | 55.34% |
| 2026-07-09 | 55.34% |
| 2026-07-08 | 55.33% |
| 2026-07-07 | 55.33% |
| 2026-07-06 | 55.33% |
| 2026-07-02 | 55.00% |
| 2026-07-01 | 55.00% |
| 2026-06-30 | 55.00% |
| 2026-06-29 | 55.00% |
| 2026-06-26 | 55.00% |
| 2026-06-25 | 55.00% |
| 2026-06-24 | 55.00% |
| 2026-06-23 | 55.00% |
| 2026-06-22 | 55.00% |
| 2026-06-18 | 55.00% |
| 2026-06-17 | 55.00% |
| 2026-06-16 | 55.00% |
| 2026-06-15 | 55.00% |
| 2026-06-12 | 55.00% |
| 2026-06-11 | 55.00% |
| 2026-06-10 | 55.00% |
| 2026-06-09 | 55.00% |
| 2026-06-08 | 55.00% |
| 2026-06-05 | 55.00% |
| 2026-06-04 | 55.00% |
| 2026-06-03 | 55.00% |
| 2026-06-02 | 55.00% |
| 2026-06-01 | 55.00% |
| 2026-05-29 | 55.00% |
| 2026-05-28 | 55.00% |
| 2026-05-27 | 55.00% |
| 2026-05-26 | 55.00% |
| 2026-05-22 | 55.00% |
| 2026-05-21 | 55.00% |
| 2026-05-20 | 55.00% |
| 2026-05-19 | 55.00% |
| 2026-05-18 | 59.57% |
| 2026-05-15 | 59.57% |
| 2026-05-14 | 59.57% |
| 2026-05-13 | 59.57% |
| 2026-05-12 | 59.56% |
| 2026-05-11 | 59.57% |
| 2026-05-08 | 59.56% |
| 2026-05-07 | 59.57% |
| 2026-05-06 | 59.56% |
| 2026-05-05 | 59.56% |
| 2026-05-04 | 59.57% |
| 2026-05-01 | 59.57% |
| 2026-04-30 | 59.56% |
| 2026-04-29 | 59.57% |
| 2026-04-28 | 59.57% |
| 2026-04-27 | 59.56% |
| 2026-04-24 | 59.56% |
| 2026-04-23 | 59.56% |
| 2026-04-22 | 59.57% |
| 2026-04-21 | 59.56% |
| 2026-04-20 | 59.56% |
| 2026-04-17 | 59.57% |
| 2026-04-16 | 59.58% |
| 2026-04-15 | 59.56% |
| 2026-04-14 | 59.56% |
| 2026-04-13 | 59.57% |
| 2026-04-10 | 59.56% |
| 2026-04-09 | 59.58% |
| 2026-04-08 | 59.57% |
| 2026-04-07 | 59.57% |
| 2026-04-06 | 59.57% |
| 2026-04-02 | 74.38% |
| 2026-04-01 | 59.20% |
| 2026-03-31 | 59.20% |
| 2026-03-30 | 59.20% |
| 2026-03-27 | 59.20% |
| 2026-03-26 | 59.20% |
| 2026-03-25 | 59.20% |
| 2026-03-24 | 59.20% |
| 2026-03-23 | 59.20% |
| 2026-03-20 | 59.20% |
| 2026-03-19 | 59.20% |
| 2026-03-18 | 59.20% |
| 2026-03-17 | 59.21% |
| 2026-03-16 | 59.20% |
| 2026-03-13 | 59.21% |
| 2026-03-12 | 59.20% |
| 2026-03-11 | 59.20% |
| 2026-03-10 | 59.20% |
| 2026-03-09 | 59.20% |
| 2026-03-06 | 59.21% |
| 2026-03-05 | 59.20% |
| 2026-03-04 | 59.20% |
| 2026-03-03 | 59.22% |
| 2026-03-02 | 59.20% |
| 2026-02-27 | 59.21% |
| 2026-02-26 | 59.20% |
| 2026-02-25 | 59.20% |
| 2026-02-24 | 59.21% |
| 2026-02-23 | 59.20% |
| 2026-02-20 | 59.20% |
| 2026-02-19 | 59.20% |
| 2026-02-18 | 59.20% |
| 2026-02-17 | 59.20% |
| 2026-02-13 | 63.32% |
| 2026-02-12 | 63.33% |
| 2026-02-11 | 63.33% |
| 2026-02-10 | 63.33% |
| 2026-02-09 | 63.33% |
| 2026-02-06 | 63.32% |
| 2026-02-05 | 63.32% |
| 2026-02-04 | 63.33% |
| 2026-02-03 | 63.32% |
| 2026-02-02 | 63.33% |
| 2026-01-30 | 63.32% |
| 2026-01-29 | 63.32% |
| 2026-01-28 | 63.33% |
| 2026-01-27 | 63.32% |
| 2026-01-26 | 63.31% |
| 2026-01-23 | 63.32% |
| 2026-01-22 | 63.32% |
| 2026-01-21 | 63.32% |
| 2026-01-20 | 63.32% |
| 2026-01-16 | 63.32% |
| 2026-01-15 | 63.31% |
| 2026-01-14 | 63.32% |
| 2026-01-13 | 63.32% |
| 2026-01-12 | 63.33% |
| 2026-01-09 | 63.33% |
| 2026-01-08 | 63.33% |
| 2026-01-07 | 63.32% |
| 2026-01-06 | 63.33% |
| 2026-01-05 | 63.32% |
| 2026-01-02 | 78.77% |
| 2025-12-31 | 62.93% |
| 2025-12-30 | 62.94% |
| 2025-12-29 | 62.92% |
| 2025-12-26 | 62.94% |
| 2025-12-24 | 62.93% |
| 2025-12-23 | 62.93% |
| 2025-12-22 | 62.94% |
| 2025-12-19 | 62.94% |
| 2025-12-18 | 62.93% |
| 2025-12-17 | 62.93% |
| 2025-12-16 | 62.93% |
| 2025-12-15 | 62.93% |
| 2025-12-12 | 62.94% |
| 2025-12-11 | 62.94% |
| 2025-12-10 | 62.93% |
| 2025-12-09 | 62.94% |
| 2025-12-08 | 62.94% |
| 2025-12-05 | 62.93% |
| 2025-12-04 | 62.93% |
| 2025-12-03 | 62.94% |
| 2025-12-02 | 62.94% |
| 2025-12-01 | 62.94% |
| 2025-11-28 | 62.94% |
| 2025-11-26 | 62.93% |
| 2025-11-25 | 62.94% |
| 2025-11-24 | 62.94% |
| 2025-11-21 | 62.93% |
| 2025-11-20 | 62.94% |
| 2025-11-19 | 62.94% |
| 2025-11-18 | 62.93% |
| 2025-11-17 | 63.92% |
| 2025-11-14 | 63.93% |
| 2025-11-13 | 63.93% |
| 2025-11-12 | 63.91% |
| 2025-11-11 | 63.92% |
| 2025-11-10 | 63.92% |
| 2025-11-07 | 63.92% |
| 2025-11-06 | 63.92% |
| 2025-11-05 | 63.91% |
| 2025-11-04 | 63.92% |
| 2025-11-03 | 63.93% |
| 2025-10-31 | 63.92% |
| 2025-10-30 | 63.92% |
| 2025-10-29 | 63.92% |
| 2025-10-28 | 63.93% |
| 2025-10-27 | 63.93% |
| 2025-10-24 | 63.93% |
| 2025-10-23 | 63.93% |
| 2025-10-22 | 63.92% |
| 2025-10-21 | 63.91% |
| 2025-10-20 | 63.93% |
| 2025-10-17 | 63.92% |
| 2025-10-16 | 63.91% |
| 2025-10-15 | 63.92% |
| 2025-10-14 | 63.93% |
| 2025-10-13 | 63.91% |
| 2025-10-10 | 63.91% |
| 2025-10-09 | 63.93% |
| 2025-10-08 | 63.92% |
| 2025-10-07 | 63.91% |
| 2025-10-06 | 63.91% |
| 2025-10-03 | 63.93% |
| 2025-10-02 | 47.85% |
| 2025-10-01 | 63.53% |
| 2025-09-30 | 63.53% |
| 2025-09-29 | 63.54% |
| 2025-09-26 | 63.53% |
| 2025-09-25 | 63.53% |
| 2025-09-24 | 63.53% |
| 2025-09-23 | 63.54% |
| 2025-09-22 | 63.53% |
| 2025-09-19 | 63.53% |
| 2025-09-18 | 63.52% |
| 2025-09-17 | 63.54% |
| 2025-09-16 | 63.54% |
| 2025-09-15 | 63.52% |
| 2025-09-12 | 63.53% |
| 2025-09-11 | 63.54% |
| 2025-09-10 | 63.54% |
| 2025-09-09 | 63.53% |
| 2025-09-08 | 63.54% |
| 2025-09-05 | 63.54% |
| 2025-09-04 | 63.52% |
| 2025-09-03 | 63.54% |
| 2025-09-02 | 66.11% |
| 2025-08-29 | 66.12% |
| 2025-08-28 | 66.13% |
| 2025-08-27 | 66.11% |
| 2025-08-26 | 66.11% |
Showing the most recent 260 of 1,984 data points. The chart above shows the full history.
| $1.46 |
| 58.2% |
| 2020-07-25 | $2.65 | $1.42 | 53.6% |
| 2019-07-31 | $2.63 | $1.36 | 51.7% |
| 2018-07-31 | $0.02 | $1.24 | N/A |
| 2017-07-31 | $1.92 | $1.10 | 57.3% |
| 2016-07-31 | $2.13 | $0.94 | 44.1% |
| 2015-07-31 | $1.76 | $0.80 | 45.5% |
| 2014-07-31 | $1.50 | $0.72 | 48.0% |
| 2013-07-31 | $1.87 | $0.62 | 33.2% |
| 2012-07-31 | $1.50 | $0.28 | 18.7% |
| 2011-07-31 | $1.17 | $0.12 | 10.3% |
