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 145.52% is in line with its 5-year average of 132.62%, around the middle of its 5-year range (86.44%–234.73%).
As of Friday, September 11, 2026. 4.37% above its 12-month average of 139.43%.
Dividend Payout Ratio (145.52%) = TTM Dividends/Share ($2.11) / TTM EPS ($1.45)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
145.52%
DIVIDEND PAYOUT RATIO AVG TTM
139.43%
DIVIDEND PAYOUT RATIO AVG 3Y
128.98%
DIVIDEND PAYOUT RATIO AVG 5Y
132.62%
DIVIDEND PAYOUT RATIO AVG 10Y
142.39%
DIVIDEND PAYOUT RATIO AVG 15Y
150.91%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+4.37%
CURRENT VS 3Y AVG
+12.83%
CURRENT VS 5Y AVG
+9.73%
CURRENT VS 10Y AVG
+2.20%
CURRENT VS 15Y AVG
-3.57%
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $1.46 | $2.08 | 142.5% |
| 2024-12-31 | $1.73 | $1.53 | 88.4% |
| 2023-12-31 | $1.82 | $1.98 | 108.8% |
| 2022-12-31 | $1.29 | $1.78 | 138.0% |
| 2021-12-31 | $1.10 | $1.45 | 131.8% |
| 2020-12-31 | $0.85 |
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 |
|---|---|
| 2026-09-11 | 145.52% |
| 2026-09-10 | 145.51% |
| 2026-09-09 | 145.51% |
| 2026-09-08 | 145.51% |
| 2026-09-04 | 145.51% |
| 2026-09-03 | 145.50% |
| 2026-09-02 | 145.50% |
| 2026-09-01 | 145.52% |
| 2026-08-31 | 145.50% |
| 2026-08-28 | 145.52% |
| 2026-08-27 | 145.54% |
| 2026-08-26 | 145.50% |
| 2026-08-25 | 145.50% |
| 2026-08-24 | 145.50% |
| 2026-08-21 | 145.52% |
| 2026-08-20 | 145.52% |
| 2026-08-19 | 145.50% |
| 2026-08-18 | 145.53% |
| 2026-08-17 | 145.50% |
| 2026-08-14 | 145.53% |
| 2026-08-13 | 145.50% |
| 2026-08-12 | 145.53% |
| 2026-08-11 | 145.54% |
| 2026-08-10 | 145.52% |
| 2026-08-07 | 145.53% |
| 2026-08-06 | 145.51% |
| 2026-08-05 | 145.51% |
| 2026-08-04 | 145.50% |
| 2026-08-03 | 145.54% |
| 2026-07-31 | 148.61% |
| 2026-07-30 | 148.58% |
| 2026-07-29 | 148.59% |
| 2026-07-28 | 148.59% |
| 2026-07-27 | 148.57% |
| 2026-07-24 | 148.59% |
| 2026-07-23 | 148.59% |
| 2026-07-22 | 148.60% |
| 2026-07-21 | 148.59% |
| 2026-07-20 | 148.58% |
| 2026-07-17 | 148.59% |
| 2026-07-16 | 148.61% |
| 2026-07-15 | 148.58% |
| 2026-07-14 | 148.62% |
| 2026-07-13 | 148.60% |
| 2026-07-10 | 148.58% |
| 2026-07-09 | 148.59% |
| 2026-07-08 | 148.61% |
| 2026-07-07 | 148.60% |
| 2026-07-06 | 148.59% |
| 2026-07-02 | 148.60% |
| 2026-07-01 | 148.59% |
| 2026-06-30 | 147.90% |
| 2026-06-29 | 147.88% |
| 2026-06-26 | 147.87% |
| 2026-06-25 | 147.90% |
| 2026-06-24 | 147.86% |
| 2026-06-23 | 147.90% |
| 2026-06-22 | 147.87% |
| 2026-06-18 | 147.91% |
| 2026-06-17 | 147.89% |
| 2026-06-16 | 147.87% |
| 2026-06-15 | 147.89% |
| 2026-06-12 | 147.89% |
| 2026-06-11 | 147.89% |
| 2026-06-10 | 147.88% |
| 2026-06-09 | 147.89% |
| 2026-06-08 | 147.89% |
| 2026-06-05 | 147.90% |
| 2026-06-04 | 147.89% |
| 2026-06-03 | 147.91% |
| 2026-06-02 | 147.90% |
| 2026-06-01 | 147.90% |
| 2026-05-29 | 147.89% |
| 2026-05-28 | 147.89% |
| 2026-05-27 | 147.89% |
| 2026-05-26 | 147.88% |
| 2026-05-22 | 147.90% |
| 2026-05-21 | 147.91% |
| 2026-05-20 | 147.90% |
| 2026-05-19 | 147.91% |
| 2026-05-18 | 147.91% |
| 2026-05-15 | 147.86% |
| 2026-05-14 | 147.91% |
| 2026-05-13 | 147.88% |
| 2026-05-12 | 147.88% |
| 2026-05-11 | 147.91% |
| 2026-05-08 | 147.87% |
| 2026-05-07 | 147.91% |
| 2026-05-06 | 147.91% |
| 2026-05-05 | 147.86% |
| 2026-05-04 | 147.89% |
| 2026-05-01 | 144.81% |
| 2026-04-30 | 144.84% |
| 2026-04-29 | 144.85% |
| 2026-04-28 | 144.83% |
| 2026-04-27 | 144.81% |
| 2026-04-24 | 144.83% |
| 2026-04-23 | 144.82% |
| 2026-04-22 | 144.83% |
| 2026-04-21 | 144.81% |
| 2026-04-20 | 144.83% |
| 2026-04-17 | 144.84% |
| 2026-04-16 | 144.85% |
| 2026-04-15 | 144.82% |
| 2026-04-14 | 144.84% |
| 2026-04-13 | 144.84% |
| 2026-04-10 | 144.81% |
| 2026-04-09 | 144.81% |
| 2026-04-08 | 144.82% |
| 2026-04-07 | 144.83% |
| 2026-04-06 | 144.85% |
| 2026-04-02 | 144.84% |
| 2026-04-01 | 144.81% |
| 2026-03-31 | 144.16% |
| 2026-03-30 | 144.15% |
| 2026-03-27 | 144.14% |
| 2026-03-26 | 144.16% |
| 2026-03-25 | 144.16% |
| 2026-03-24 | 144.12% |
| 2026-03-23 | 144.13% |
| 2026-03-20 | 144.12% |
| 2026-03-19 | 144.15% |
| 2026-03-18 | 144.14% |
| 2026-03-17 | 144.13% |
| 2026-03-16 | 144.12% |
| 2026-03-13 | 144.16% |
| 2026-03-12 | 144.13% |
| 2026-03-11 | 144.15% |
| 2026-03-10 | 144.13% |
| 2026-03-09 | 144.13% |
| 2026-03-06 | 144.13% |
| 2026-03-05 | 144.15% |
| 2026-03-04 | 144.14% |
| 2026-03-03 | 144.15% |
| 2026-03-02 | 144.16% |
| 2026-02-27 | 133.97% |
| 2026-02-26 | 134.00% |
| 2026-02-25 | 134.00% |
| 2026-02-24 | 133.96% |
| 2026-02-23 | 133.96% |
| 2026-02-20 | 133.96% |
| 2026-02-19 | 133.96% |
| 2026-02-18 | 133.95% |
| 2026-02-17 | 133.95% |
| 2026-02-13 | 134.00% |
| 2026-02-12 | 133.97% |
| 2026-02-11 | 133.97% |
| 2026-02-10 | 133.96% |
| 2026-02-09 | 133.97% |
| 2026-02-06 | 133.98% |
| 2026-02-05 | 133.98% |
| 2026-02-04 | 133.98% |
| 2026-02-03 | 133.98% |
| 2026-02-02 | 133.97% |
| 2026-01-30 | 133.99% |
| 2026-01-29 | 133.98% |
| 2026-01-28 | 133.96% |
| 2026-01-27 | 133.98% |
| 2026-01-26 | 133.95% |
| 2026-01-23 | 133.96% |
| 2026-01-22 | 134.00% |
| 2026-01-21 | 133.99% |
| 2026-01-20 | 133.96% |
| 2026-01-16 | 133.97% |
| 2026-01-15 | 133.98% |
| 2026-01-14 | 133.99% |
| 2026-01-13 | 134.00% |
| 2026-01-12 | 133.95% |
| 2026-01-09 | 133.95% |
| 2026-01-08 | 133.99% |
| 2026-01-07 | 133.98% |
| 2026-01-06 | 133.98% |
| 2026-01-05 | 134.00% |
| 2026-01-02 | 133.96% |
| 2025-12-31 | 133.34% |
| 2025-12-30 | 133.36% |
| 2025-12-29 | 133.35% |
| 2025-12-26 | 133.32% |
| 2025-12-24 | 133.31% |
| 2025-12-23 | 133.35% |
| 2025-12-22 | 133.33% |
| 2025-12-19 | 133.33% |
| 2025-12-18 | 133.31% |
| 2025-12-17 | 133.32% |
| 2025-12-16 | 133.32% |
| 2025-12-15 | 133.34% |
| 2025-12-12 | 133.33% |
| 2025-12-11 | 133.36% |
| 2025-12-10 | 133.36% |
| 2025-12-09 | 133.30% |
| 2025-12-08 | 133.34% |
| 2025-12-05 | 133.33% |
| 2025-12-04 | 133.36% |
| 2025-12-03 | 133.31% |
| 2025-12-02 | 133.32% |
| 2025-12-01 | 133.34% |
| 2025-11-28 | 133.36% |
| 2025-11-26 | 133.32% |
| 2025-11-25 | 133.32% |
| 2025-11-24 | 133.32% |
| 2025-11-21 | 133.33% |
| 2025-11-20 | 133.33% |
| 2025-11-19 | 133.35% |
| 2025-11-18 | 133.32% |
| 2025-11-17 | 133.36% |
| 2025-11-14 | 133.31% |
| 2025-11-13 | 133.31% |
| 2025-11-12 | 133.33% |
| 2025-11-11 | 133.31% |
| 2025-11-10 | 133.33% |
| 2025-11-07 | 133.31% |
| 2025-11-06 | 133.36% |
| 2025-11-05 | 133.36% |
| 2025-11-04 | 133.33% |
| 2025-11-03 | 133.34% |
| 2025-10-31 | 126.83% |
| 2025-10-30 | 126.84% |
| 2025-10-29 | 126.83% |
| 2025-10-28 | 126.82% |
| 2025-10-27 | 126.81% |
| 2025-10-24 | 126.85% |
| 2025-10-23 | 126.84% |
| 2025-10-22 | 126.84% |
| 2025-10-21 | 126.83% |
| 2025-10-20 | 126.81% |
| 2025-10-17 | 126.82% |
| 2025-10-16 | 126.81% |
| 2025-10-15 | 126.84% |
| 2025-10-14 | 126.83% |
| 2025-10-13 | 126.82% |
| 2025-10-10 | 126.82% |
| 2025-10-09 | 126.83% |
| 2025-10-08 | 126.82% |
| 2025-10-07 | 126.81% |
| 2025-10-06 | 126.81% |
| 2025-10-03 | 126.84% |
| 2025-10-02 | 126.85% |
| 2025-10-01 | 126.81% |
| 2025-09-30 | 126.21% |
| 2025-09-29 | 126.24% |
| 2025-09-26 | 126.21% |
| 2025-09-25 | 126.20% |
| 2025-09-24 | 126.23% |
| 2025-09-23 | 126.24% |
| 2025-09-22 | 126.20% |
| 2025-09-19 | 126.21% |
| 2025-09-18 | 126.21% |
| 2025-09-17 | 126.20% |
| 2025-09-16 | 126.22% |
| 2025-09-15 | 126.20% |
| 2025-09-12 | 126.24% |
| 2025-09-11 | 126.20% |
| 2025-09-10 | 126.22% |
| 2025-09-09 | 126.24% |
| 2025-09-08 | 126.21% |
| 2025-09-05 | 126.21% |
| 2025-09-04 | 126.23% |
| 2025-09-03 | 126.21% |
| 2025-09-02 | 126.20% |
| 2025-08-29 | 126.21% |
Showing the most recent 260 of 1,903 data points. The chart above shows the full history.
| $1.33 |
| 156.5% |
| 2019-12-31 | $0.44 | $1.29 | 293.2% |
| 2018-12-31 | $0.89 | $1.22 | 137.1% |
| 2017-12-31 | $0.74 | $1.11 | 150.0% |
| 2016-12-31 | $0.45 | $0.90 | 200.0% |
| 2015-12-31 | $0.43 | $0.69 | 160.5% |
| 2014-12-31 | $0.14 | $0.55 | 392.9% |
| 2013-12-31 | $0.26 | $0.46 | 176.9% |
| 2012-12-31 | ($0.03) | $0.54 | N/A (Loss) |
| 2011-12-31 | ($0.00) | $0.28 | N/A (Loss) |
| 2010-12-31 | ($0.08) | $0.10 | N/A (Loss) |
| 2009-12-31 | ($0.01) | $0.10 | N/A (Loss) |
| 2008-12-31 | $0.05 | $0.72 | N/A |
| 2007-12-31 | ($0.23) | $1.16 | N/A (Loss) |
| 2006-12-31 | ($0.15) | $1.16 | N/A (Loss) |
| 2005-12-31 | $0.04 | $1.04 | N/A |
