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 31.80% is 17% above its 5-year average of 27.07%, around the middle of its 5-year range (17.93%–42.86%).
As of Thursday, September 10, 2026. 3.80% below its 12-month average of 33.05%.
Dividend Payout Ratio (31.80%) = TTM Dividends/Share ($0.55) / TTM EPS ($1.73)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-10.
DIVIDEND PAYOUT RATIO
31.80%
DIVIDEND PAYOUT RATIO AVG TTM
33.05%
DIVIDEND PAYOUT RATIO AVG 3Y
29.55%
DIVIDEND PAYOUT RATIO AVG 5Y
27.07%
DIVIDEND PAYOUT RATIO AVG 10Y
26.21%
DIVIDEND PAYOUT RATIO AVG 15Y
28.06%
DIVIDEND PAYOUT RATIO AVG 20Y
26.76%
CURRENT VS TTM AVG
-3.80%
CURRENT VS 3Y AVG
+7.59%
CURRENT VS 5Y AVG
+17.47%
CURRENT VS 10Y AVG
+21.33%
CURRENT VS 15Y AVG
+13.32%
CURRENT VS 20Y AVG
+18.82%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $1.54 | $0.52 | 33.8% |
| 2024-12-31 | $1.79 | $0.48 | 26.8% |
| 2023-12-31 | $1.83 | $0.44 | 24.0% |
| 2022-12-31 | $1.95 | $0.40 | 20.5% |
| 2021-12-31 | $1.68 | $0.37 | 22.2% |
| 2020-12-31 | $1.20 |
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 |
|---|---|
| 2026-09-10 | 31.80% |
| 2026-09-09 | 31.79% |
| 2026-09-08 | 31.79% |
| 2026-09-04 | 31.79% |
| 2026-09-03 | 31.79% |
| 2026-09-02 | 31.79% |
| 2026-09-01 | 31.79% |
| 2026-08-31 | 31.80% |
| 2026-08-28 | 31.21% |
| 2026-08-27 | 31.21% |
| 2026-08-26 | 31.21% |
| 2026-08-25 | 31.21% |
| 2026-08-24 | 31.21% |
| 2026-08-21 | 31.21% |
| 2026-08-20 | 31.21% |
| 2026-08-19 | 31.21% |
| 2026-08-18 | 31.21% |
| 2026-08-17 | 31.22% |
| 2026-08-14 | 31.21% |
| 2026-08-13 | 31.21% |
| 2026-08-12 | 31.22% |
| 2026-08-11 | 31.22% |
| 2026-08-10 | 31.21% |
| 2026-08-07 | 31.22% |
| 2026-08-06 | 31.22% |
| 2026-08-05 | 31.21% |
| 2026-08-04 | 31.22% |
| 2026-08-03 | 31.21% |
| 2026-07-31 | 31.21% |
| 2026-07-30 | 31.21% |
| 2026-07-29 | 31.21% |
| 2026-07-28 | 31.22% |
| 2026-07-27 | 31.21% |
| 2026-07-24 | 31.22% |
| 2026-07-23 | 31.22% |
| 2026-07-22 | 33.13% |
| 2026-07-21 | 33.13% |
| 2026-07-20 | 33.13% |
| 2026-07-17 | 33.12% |
| 2026-07-16 | 33.13% |
| 2026-07-15 | 33.13% |
| 2026-07-14 | 33.13% |
| 2026-07-13 | 33.12% |
| 2026-07-10 | 33.13% |
| 2026-07-09 | 33.13% |
| 2026-07-08 | 33.13% |
| 2026-07-07 | 33.13% |
| 2026-07-06 | 33.12% |
| 2026-07-02 | 33.12% |
| 2026-07-01 | 33.13% |
| 2026-06-30 | 33.13% |
| 2026-06-29 | 33.12% |
| 2026-06-26 | 33.13% |
| 2026-06-25 | 33.12% |
| 2026-06-24 | 33.13% |
| 2026-06-23 | 33.13% |
| 2026-06-22 | 33.12% |
| 2026-06-18 | 33.12% |
| 2026-06-17 | 33.13% |
| 2026-06-16 | 33.13% |
| 2026-06-15 | 33.12% |
| 2026-06-12 | 33.12% |
| 2026-06-11 | 33.13% |
| 2026-06-10 | 33.13% |
| 2026-06-09 | 33.13% |
| 2026-06-08 | 33.13% |
| 2026-06-05 | 33.13% |
| 2026-06-04 | 33.13% |
| 2026-06-03 | 33.13% |
| 2026-06-02 | 33.13% |
| 2026-06-01 | 33.12% |
| 2026-05-29 | 41.11% |
| 2026-05-28 | 32.51% |
| 2026-05-27 | 32.52% |
| 2026-05-26 | 32.52% |
| 2026-05-22 | 32.52% |
| 2026-05-21 | 32.52% |
| 2026-05-20 | 32.51% |
| 2026-05-19 | 32.52% |
| 2026-05-18 | 32.51% |
| 2026-05-15 | 32.51% |
| 2026-05-14 | 32.51% |
| 2026-05-13 | 32.52% |
| 2026-05-12 | 32.52% |
| 2026-05-11 | 32.52% |
| 2026-05-08 | 32.51% |
| 2026-05-07 | 32.52% |
| 2026-05-06 | 32.52% |
| 2026-05-05 | 32.52% |
| 2026-05-04 | 32.52% |
| 2026-05-01 | 32.51% |
| 2026-04-30 | 32.51% |
| 2026-04-29 | 32.51% |
| 2026-04-28 | 32.52% |
| 2026-04-27 | 32.52% |
| 2026-04-24 | 32.52% |
| 2026-04-23 | 32.51% |
| 2026-04-22 | 34.42% |
| 2026-04-21 | 34.41% |
| 2026-04-20 | 34.41% |
| 2026-04-17 | 34.42% |
| 2026-04-16 | 34.42% |
| 2026-04-15 | 34.42% |
| 2026-04-14 | 34.41% |
| 2026-04-13 | 34.42% |
| 2026-04-10 | 34.42% |
| 2026-04-09 | 34.41% |
| 2026-04-08 | 34.41% |
| 2026-04-07 | 34.42% |
| 2026-04-06 | 34.42% |
| 2026-04-02 | 34.42% |
| 2026-04-01 | 34.42% |
| 2026-03-31 | 34.42% |
| 2026-03-30 | 34.41% |
| 2026-03-27 | 34.42% |
| 2026-03-26 | 34.41% |
| 2026-03-25 | 34.41% |
| 2026-03-24 | 34.42% |
| 2026-03-23 | 34.42% |
| 2026-03-20 | 34.42% |
| 2026-03-19 | 34.41% |
| 2026-03-18 | 34.42% |
| 2026-03-17 | 34.42% |
| 2026-03-16 | 34.41% |
| 2026-03-13 | 34.42% |
| 2026-03-12 | 34.42% |
| 2026-03-11 | 34.41% |
| 2026-03-10 | 34.41% |
| 2026-03-09 | 34.41% |
| 2026-03-06 | 34.41% |
| 2026-03-05 | 34.41% |
| 2026-03-04 | 34.42% |
| 2026-03-03 | 34.41% |
| 2026-03-02 | 34.41% |
| 2026-02-27 | 42.86% |
| 2026-02-26 | 33.76% |
| 2026-02-25 | 33.77% |
| 2026-02-24 | 33.77% |
| 2026-02-23 | 33.76% |
| 2026-02-20 | 33.76% |
| 2026-02-19 | 33.76% |
| 2026-02-18 | 33.77% |
| 2026-02-17 | 33.76% |
| 2026-02-13 | 33.77% |
| 2026-02-12 | 33.99% |
| 2026-02-11 | 33.99% |
| 2026-02-10 | 33.98% |
| 2026-02-09 | 33.98% |
| 2026-02-06 | 33.98% |
| 2026-02-05 | 33.99% |
| 2026-02-04 | 33.99% |
| 2026-02-03 | 33.99% |
| 2026-02-02 | 33.98% |
| 2026-01-30 | 33.99% |
| 2026-01-29 | 33.98% |
| 2026-01-28 | 33.99% |
| 2026-01-27 | 33.99% |
| 2026-01-26 | 33.99% |
| 2026-01-23 | 33.99% |
| 2026-01-22 | 33.99% |
| 2026-01-21 | 33.99% |
| 2026-01-20 | 33.99% |
| 2026-01-16 | 33.98% |
| 2026-01-15 | 33.99% |
| 2026-01-14 | 33.99% |
| 2026-01-13 | 33.99% |
| 2026-01-12 | 33.99% |
| 2026-01-09 | 33.99% |
| 2026-01-08 | 33.98% |
| 2026-01-07 | 33.99% |
| 2026-01-06 | 33.99% |
| 2026-01-05 | 33.99% |
| 2026-01-02 | 33.99% |
| 2025-12-31 | 33.98% |
| 2025-12-30 | 33.98% |
| 2025-12-29 | 33.99% |
| 2025-12-26 | 33.98% |
| 2025-12-24 | 33.99% |
| 2025-12-23 | 33.99% |
| 2025-12-22 | 33.98% |
| 2025-12-19 | 33.99% |
| 2025-12-18 | 33.99% |
| 2025-12-17 | 33.99% |
| 2025-12-16 | 33.98% |
| 2025-12-15 | 33.99% |
| 2025-12-12 | 33.99% |
| 2025-12-11 | 33.99% |
| 2025-12-10 | 33.98% |
| 2025-12-09 | 33.99% |
| 2025-12-08 | 33.99% |
| 2025-12-05 | 33.99% |
| 2025-12-04 | 33.99% |
| 2025-12-03 | 33.99% |
| 2025-12-02 | 33.99% |
| 2025-12-01 | 33.99% |
| 2025-11-28 | 41.83% |
| 2025-11-26 | 33.33% |
| 2025-11-25 | 33.33% |
| 2025-11-24 | 33.34% |
| 2025-11-21 | 33.34% |
| 2025-11-20 | 33.33% |
| 2025-11-19 | 33.34% |
| 2025-11-18 | 33.34% |
| 2025-11-17 | 33.34% |
| 2025-11-14 | 33.33% |
| 2025-11-13 | 33.34% |
| 2025-11-12 | 33.33% |
| 2025-11-11 | 33.33% |
| 2025-11-10 | 33.33% |
| 2025-11-07 | 33.34% |
| 2025-11-06 | 33.33% |
| 2025-11-05 | 33.33% |
| 2025-11-04 | 33.33% |
| 2025-11-03 | 33.34% |
| 2025-10-31 | 33.33% |
| 2025-10-30 | 33.33% |
| 2025-10-29 | 33.33% |
| 2025-10-28 | 33.33% |
| 2025-10-27 | 33.33% |
| 2025-10-24 | 33.33% |
| 2025-10-23 | 33.33% |
| 2025-10-22 | 33.34% |
| 2025-10-21 | 33.33% |
| 2025-10-20 | 33.34% |
| 2025-10-17 | 33.33% |
| 2025-10-16 | 31.49% |
| 2025-10-15 | 31.48% |
| 2025-10-14 | 31.48% |
| 2025-10-13 | 31.49% |
| 2025-10-10 | 31.49% |
| 2025-10-09 | 31.48% |
| 2025-10-08 | 31.48% |
| 2025-10-07 | 31.49% |
| 2025-10-06 | 31.49% |
| 2025-10-03 | 31.48% |
| 2025-10-02 | 31.49% |
| 2025-10-01 | 31.47% |
| 2025-09-30 | 31.48% |
| 2025-09-29 | 31.49% |
| 2025-09-26 | 31.48% |
| 2025-09-25 | 31.48% |
| 2025-09-24 | 31.49% |
| 2025-09-23 | 31.48% |
| 2025-09-22 | 31.48% |
| 2025-09-19 | 31.48% |
| 2025-09-18 | 31.49% |
| 2025-09-17 | 31.48% |
| 2025-09-16 | 31.48% |
| 2025-09-15 | 31.48% |
| 2025-09-12 | 31.48% |
| 2025-09-11 | 31.48% |
| 2025-09-10 | 31.48% |
| 2025-09-09 | 31.49% |
| 2025-09-08 | 31.48% |
| 2025-09-05 | 31.48% |
| 2025-09-04 | 31.48% |
| 2025-09-03 | 31.49% |
| 2025-09-02 | 31.48% |
| 2025-08-29 | 38.89% |
| 2025-08-28 | 30.86% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $0.35 |
| 28.9% |
| 2019-12-31 | $1.39 | $0.32 | 23.0% |
| 2018-12-31 | $1.29 | $0.29 | 22.7% |
| 2017-12-31 | $2.00 | $0.26 | 13.0% |
| 2016-12-31 | $0.60 | $0.24 | 40.0% |
| 2015-12-31 | $0.67 | $0.23 | 34.8% |
| 2014-12-31 | $0.64 | $0.21 | 32.8% |
| 2013-12-31 | $0.61 | $0.20 | 32.2% |
| 2012-12-31 | $0.60 | $0.18 | 30.0% |
| 2011-12-31 | $0.57 | $0.15 | 26.1% |
| 2010-12-31 | $0.46 | $0.11 | 23.7% |
| 2009-12-31 | $0.32 | $0.10 | 30.6% |
| 2008-12-31 | $0.38 | $0.09 | 22.5% |
| 2007-12-31 | $0.35 | $0.06 | 17.1% |
| 2006-12-31 | $0.33 | $0.04 | 11.1% |
| 2005-12-31 | $0.29 | $0.02 | 8.2% |
| 2004-12-31 | $0.09 | $0.02 | 25.3% |
| 2003-12-31 | $0.06 | $0.02 | 35.1% |
| 2002-12-31 | $0.11 | $0.02 | 20.2% |
| 2001-12-31 | $0.06 | $0.04 | 69.6% |
| 2000-12-31 | $0.03 | $0.07 | 196.7% |
| 1999-12-31 | $0.00 | $0.07 | N/A |
| 1998-12-31 | $0.14 | $0.07 | 47.6% |
| 1997-12-31 | $0.21 | $0.06 | 28.6% |
| 1996-12-31 | $0.22 | $0.06 | 26.3% |
