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 40.38% is 27% below its 5-year average of 55.45%, near the low end of its 5-year range (36.31%–134.80%).
As of Tuesday, August 4, 2026. 6.16% below its 12-month average of 43.03%.
Dividend Payout Ratio (40.38%) = TTM Dividends/Share ($0.88) / TTM EPS ($2.18)
DIVIDEND PAYOUT RATIO
40.38%
DIVIDEND PAYOUT RATIO AVG TTM
43.03%
DIVIDEND PAYOUT RATIO AVG 3Y
44.90%
DIVIDEND PAYOUT RATIO AVG 5Y
47.91%
DIVIDEND PAYOUT RATIO AVG 10Y
47.10%
DIVIDEND PAYOUT RATIO AVG 15Y
39.49%
DIVIDEND PAYOUT RATIO AVG 20Y
30.41%
CURRENT VS TTM AVG
-6.16%
CURRENT VS 3Y AVG
-10.07%
CURRENT VS 5Y AVG
-15.72%
CURRENT VS 10Y AVG
-14.28%
CURRENT VS 15Y AVG
+2.26%
CURRENT VS 20Y AVG
+32.77%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $2.25 | $0.88 | 39.1% |
| 2024 | $1.51 | $0.84 | 55.6% |
| 2023 | $2.14 | $1.17 | 54.7% |
| 2022 | $5.10 | $2.49 | 48.8% |
| 2021 | $2.30 | $1.12 | 48.7% |
| 2020 | $0.50 | $0.40 |
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 |
|---|---|
| 2026-05-07 | 40.38% |
| 2026-05-06 | 40.38% |
| 2026-05-05 | 39.12% |
| 2026-05-04 | 39.12% |
| 2026-05-01 | 39.10% |
| 2026-04-30 | 39.11% |
| 2026-04-29 | 39.12% |
| 2026-04-28 | 39.11% |
| 2026-04-27 | 39.10% |
| 2026-04-24 | 39.11% |
| 2026-04-23 | 39.12% |
| 2026-04-22 | 39.12% |
| 2026-04-21 | 39.12% |
| 2026-04-20 | 39.10% |
| 2026-04-17 | 39.11% |
| 2026-04-16 | 39.11% |
| 2026-04-15 | 39.10% |
| 2026-04-14 | 39.12% |
| 2026-04-13 | 39.11% |
| 2026-04-10 | 39.11% |
| 2026-04-09 | 39.11% |
| 2026-04-08 | 39.11% |
| 2026-04-07 | 39.12% |
| 2026-04-06 | 39.11% |
| 2026-04-02 | 39.11% |
| 2026-04-01 | 39.12% |
| 2026-03-31 | 39.12% |
| 2026-03-30 | 39.11% |
| 2026-03-27 | 39.12% |
| 2026-03-26 | 39.12% |
| 2026-03-25 | 39.12% |
| 2026-03-24 | 39.10% |
| 2026-03-23 | 39.11% |
| 2026-03-20 | 39.12% |
| 2026-03-19 | 39.12% |
| 2026-03-18 | 39.12% |
| 2026-03-17 | 39.11% |
| 2026-03-16 | 39.12% |
| 2026-03-13 | 39.11% |
| 2026-03-12 | 48.88% |
| 2026-03-11 | 48.88% |
| 2026-03-10 | 39.12% |
| 2026-03-09 | 39.12% |
| 2026-03-06 | 39.11% |
| 2026-03-05 | 39.10% |
| 2026-03-04 | 39.12% |
| 2026-03-03 | 39.10% |
| 2026-03-02 | 39.10% |
| 2026-02-27 | 39.12% |
| 2026-02-26 | 40.55% |
| 2026-02-25 | 40.56% |
| 2026-02-24 | 40.57% |
| 2026-02-23 | 40.55% |
| 2026-02-20 | 40.54% |
| 2026-02-19 | 40.54% |
| 2026-02-18 | 40.55% |
| 2026-02-17 | 40.56% |
| 2026-02-13 | 40.56% |
| 2026-02-12 | 40.54% |
| 2026-02-11 | 40.57% |
| 2026-02-10 | 40.54% |
| 2026-02-09 | 40.55% |
| 2026-02-06 | 40.56% |
| 2026-02-05 | 40.56% |
| 2026-02-04 | 40.55% |
| 2026-02-03 | 40.56% |
| 2026-02-02 | 40.57% |
| 2026-01-30 | 40.54% |
| 2026-01-29 | 40.55% |
| 2026-01-28 | 40.56% |
| 2026-01-27 | 40.55% |
| 2026-01-26 | 40.55% |
| 2026-01-23 | 40.57% |
| 2026-01-22 | 40.55% |
| 2026-01-21 | 40.56% |
| 2026-01-20 | 40.54% |
| 2026-01-16 | 40.56% |
| 2026-01-15 | 40.56% |
| 2026-01-14 | 40.56% |
| 2026-01-13 | 40.54% |
| 2026-01-12 | 40.56% |
| 2026-01-09 | 40.56% |
| 2026-01-08 | 40.55% |
| 2026-01-07 | 40.54% |
| 2026-01-06 | 40.54% |
| 2026-01-05 | 40.56% |
| 2026-01-02 | 40.56% |
| 2025-12-31 | 40.56% |
| 2025-12-30 | 40.55% |
| 2025-12-29 | 40.54% |
| 2025-12-26 | 40.54% |
| 2025-12-24 | 40.56% |
| 2025-12-23 | 40.55% |
| 2025-12-22 | 40.55% |
| 2025-12-19 | 40.57% |
| 2025-12-18 | 40.56% |
| 2025-12-17 | 40.54% |
| 2025-12-16 | 40.56% |
| 2025-12-15 | 40.57% |
| 2025-12-12 | 40.57% |
| 2025-12-11 | 40.56% |
| 2025-12-10 | 40.55% |
| 2025-12-09 | 40.56% |
| 2025-12-08 | 40.54% |
| 2025-12-05 | 40.55% |
| 2025-12-04 | 40.56% |
| 2025-12-03 | 40.57% |
| 2025-12-02 | 40.55% |
| 2025-12-01 | 40.56% |
| 2025-11-28 | 40.56% |
| 2025-11-26 | 40.55% |
| 2025-11-25 | 40.56% |
| 2025-11-24 | 40.54% |
| 2025-11-21 | 40.57% |
| 2025-11-20 | 40.57% |
| 2025-11-19 | 40.55% |
| 2025-11-18 | 40.55% |
| 2025-11-17 | 40.56% |
| 2025-11-14 | 40.56% |
| 2025-11-13 | 50.24% |
| 2025-11-12 | 40.09% |
| 2025-11-11 | 40.11% |
| 2025-11-10 | 40.09% |
| 2025-11-07 | 40.08% |
| 2025-11-06 | 40.09% |
| 2025-11-05 | 40.10% |
| 2025-11-04 | 40.08% |
| 2025-11-03 | 41.63% |
| 2025-10-31 | 41.62% |
| 2025-10-30 | 41.64% |
| 2025-10-29 | 41.64% |
| 2025-10-28 | 41.64% |
| 2025-10-27 | 41.64% |
| 2025-10-24 | 41.63% |
| 2025-10-23 | 41.63% |
| 2025-10-22 | 41.63% |
| 2025-10-21 | 41.63% |
| 2025-10-20 | 41.64% |
| 2025-10-17 | 41.63% |
| 2025-10-16 | 41.61% |
| 2025-10-15 | 41.63% |
| 2025-10-14 | 41.64% |
| 2025-10-13 | 41.64% |
| 2025-10-10 | 41.65% |
| 2025-10-09 | 41.62% |
| 2025-10-08 | 41.61% |
| 2025-10-07 | 41.64% |
| 2025-10-06 | 41.64% |
| 2025-10-03 | 41.63% |
| 2025-10-02 | 41.64% |
| 2025-10-01 | 41.61% |
| 2025-09-30 | 41.64% |
| 2025-09-29 | 41.62% |
| 2025-09-26 | 41.62% |
| 2025-09-25 | 41.63% |
| 2025-09-24 | 41.61% |
| 2025-09-23 | 41.63% |
| 2025-09-22 | 41.62% |
| 2025-09-19 | 41.63% |
| 2025-09-18 | 41.64% |
| 2025-09-17 | 41.64% |
| 2025-09-16 | 41.64% |
| 2025-09-15 | 41.63% |
| 2025-09-12 | 41.64% |
| 2025-09-11 | 41.63% |
| 2025-09-10 | 41.63% |
| 2025-09-09 | 41.62% |
| 2025-09-08 | 41.62% |
| 2025-09-05 | 41.61% |
| 2025-09-04 | 41.63% |
| 2025-09-03 | 41.64% |
| 2025-09-02 | 41.64% |
| 2025-08-29 | 41.61% |
| 2025-08-28 | 41.64% |
| 2025-08-27 | 41.63% |
| 2025-08-26 | 41.64% |
| 2025-08-25 | 41.64% |
| 2025-08-22 | 41.62% |
| 2025-08-21 | 41.64% |
| 2025-08-20 | 41.61% |
| 2025-08-19 | 41.62% |
| 2025-08-18 | 41.63% |
| 2025-08-15 | 41.64% |
| 2025-08-14 | 51.69% |
| 2025-08-13 | 41.15% |
| 2025-08-12 | 41.14% |
| 2025-08-11 | 41.13% |
| 2025-08-08 | 41.14% |
| 2025-08-07 | 41.14% |
| 2025-08-06 | 41.14% |
| 2025-08-05 | 41.16% |
| 2025-08-04 | 50.28% |
| 2025-08-01 | 50.29% |
| 2025-07-31 | 50.28% |
| 2025-07-30 | 50.28% |
| 2025-07-29 | 50.28% |
| 2025-07-28 | 50.28% |
| 2025-07-25 | 50.30% |
| 2025-07-24 | 50.28% |
| 2025-07-23 | 50.31% |
| 2025-07-22 | 50.28% |
| 2025-07-21 | 50.28% |
| 2025-07-18 | 50.28% |
| 2025-07-17 | 50.30% |
| 2025-07-16 | 50.31% |
| 2025-07-15 | 50.29% |
| 2025-07-14 | 50.28% |
| 2025-07-11 | 50.28% |
| 2025-07-10 | 50.30% |
| 2025-07-09 | 50.29% |
| 2025-07-08 | 50.31% |
| 2025-07-07 | 50.28% |
| 2025-07-03 | 50.30% |
| 2025-07-02 | 50.30% |
| 2025-07-01 | 50.28% |
| 2025-06-30 | 50.29% |
| 2025-06-27 | 50.30% |
| 2025-06-26 | 50.31% |
| 2025-06-25 | 50.31% |
| 2025-06-24 | 50.30% |
| 2025-06-23 | 50.29% |
| 2025-06-20 | 50.29% |
| 2025-06-18 | 50.28% |
| 2025-06-17 | 50.30% |
| 2025-06-16 | 50.29% |
| 2025-06-13 | 50.28% |
| 2025-06-12 | 50.30% |
| 2025-06-11 | 50.31% |
| 2025-06-10 | 50.30% |
| 2025-06-09 | 50.31% |
| 2025-06-06 | 50.30% |
| 2025-06-05 | 50.29% |
| 2025-06-04 | 50.31% |
| 2025-06-03 | 50.30% |
| 2025-06-02 | 50.30% |
| 2025-05-30 | 50.31% |
| 2025-05-29 | 50.29% |
| 2025-05-28 | 50.28% |
| 2025-05-27 | 50.30% |
| 2025-05-23 | 50.30% |
| 2025-05-22 | 50.28% |
| 2025-05-21 | 50.29% |
| 2025-05-20 | 50.29% |
| 2025-05-19 | 50.30% |
| 2025-05-16 | 50.28% |
| 2025-05-15 | 50.30% |
| 2025-05-14 | 49.71% |
| 2025-05-13 | 49.71% |
| 2025-05-12 | 49.70% |
| 2025-05-09 | 49.71% |
| 2025-05-08 | 49.71% |
| 2025-05-07 | 49.72% |
| 2025-05-06 | 49.71% |
| 2025-05-05 | 56.68% |
| 2025-05-02 | 56.66% |
| 2025-05-01 | 56.66% |
| 2025-04-30 | 56.66% |
| 2025-04-29 | 56.68% |
| 2025-04-28 | 56.68% |
| 2025-04-25 | 56.66% |
Showing the most recent 260 of 2,327 data points. The chart above shows the full history.
| 80.0% |
| 2019 | $1.64 | $0.35 | 21.3% |
| 2018 | $1.25 | $0.25 | 20.0% |
| 2017 | $0.22 | $0.17 | 77.3% |
| 2016 | ($0.91) | $0.08 | N/A (Loss) |
| 2015 | ($0.28) | $0.08 | N/A (Loss) |
| 2014 | $0.25 | $0.08 | 32.0% |
| 2013 | $0.67 | $0.06 | 9.0% |
| 2012 | $0.32 | $0.04 | 12.5% |
| 2011 | $0.30 | $0.03 | 10.0% |
| 2010 | $0.25 | $0.03 | 12.0% |
| 2009 | $0.36 | $0.03 | 8.3% |
| 2008 | $0.53 | $0.03 | 5.7% |
| 2007 | $0.43 | $0.03 | 6.4% |
| 2006 | $0.83 | $0.02 | 2.4% |
| 2005 | $0.38 | $0.02 | 4.8% |
| 2004 | $0.15 | $0.01 | 8.9% |
| 2003 | $0.06 | $0.01 | 24.2% |
| 2002 | $0.03 | $0.01 | 47.1% |
| 2001 | $0.13 | $0.01 | 7.9% |
| 2000 | $0.09 | $0.01 | 14.9% |
| 1999 | $0.02 | $0.01 | 76.2% |
| 1998 | $0.02 | $0.01 | 80.8% |
| 1997 | $0.03 | $0.01 | 48.0% |
| 1996 | $0.02 | $0.01 | 71.7% |
