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 36.71% is 47% above its 5-year average of 25.01%, near the high end of its 5-year range (14.27%–36.72%).
As of Sunday, July 26, 2026. 5.49% above its 12-month average of 34.80%.
Dividend Payout Ratio (36.71%) = TTM Dividends/Share ($6.48) / TTM EPS ($17.65)
DIVIDEND PAYOUT RATIO
36.71%
DIVIDEND PAYOUT RATIO AVG TTM
34.80%
DIVIDEND PAYOUT RATIO AVG 3Y
27.30%
DIVIDEND PAYOUT RATIO AVG 5Y
25.01%
DIVIDEND PAYOUT RATIO AVG 10Y
30.81%
DIVIDEND PAYOUT RATIO AVG 15Y
29.88%
DIVIDEND PAYOUT RATIO AVG 20Y
29.77%
CURRENT VS TTM AVG
+5.49%
CURRENT VS 3Y AVG
+34.49%
CURRENT VS 5Y AVG
+46.82%
CURRENT VS 10Y AVG
+19.15%
CURRENT VS 15Y AVG
+22.86%
CURRENT VS 20Y AVG
+23.32%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $18.56 | $6.48 | 34.9% |
| 2024 | $25.72 | $6.03 | 23.4% |
| 2023 | $34.80 | $5.32 | 15.3% |
| 2022 | $23.42 | $4.51 | 19.3% |
| 2021 | $19.14 | $3.90 | 20.4% |
| 2020 | $8.77 | $3.04 |
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 |
|---|---|
| 2026-07-24 | 36.71% |
| 2026-07-23 | 36.71% |
| 2026-07-22 | 36.71% |
| 2026-07-21 | 36.71% |
| 2026-07-20 | 36.71% |
| 2026-07-17 | 36.72% |
| 2026-07-16 | 36.72% |
| 2026-07-15 | 36.72% |
| 2026-07-14 | 36.71% |
| 2026-07-13 | 36.71% |
| 2026-07-10 | 36.71% |
| 2026-07-09 | 36.71% |
| 2026-07-08 | 36.71% |
| 2026-07-07 | 36.72% |
| 2026-07-06 | 36.71% |
| 2026-07-02 | 36.71% |
| 2026-07-01 | 36.71% |
| 2026-06-30 | 36.71% |
| 2026-06-29 | 36.71% |
| 2026-06-26 | 36.71% |
| 2026-06-25 | 36.72% |
| 2026-06-24 | 36.72% |
| 2026-06-23 | 36.72% |
| 2026-06-22 | 36.71% |
| 2026-06-18 | 36.71% |
| 2026-06-17 | 36.71% |
| 2026-06-16 | 36.71% |
| 2026-06-15 | 36.71% |
| 2026-06-12 | 36.72% |
| 2026-06-11 | 36.72% |
| 2026-06-10 | 36.71% |
| 2026-06-09 | 36.71% |
| 2026-06-08 | 36.71% |
| 2026-06-05 | 36.72% |
| 2026-06-04 | 36.72% |
| 2026-06-03 | 36.71% |
| 2026-06-02 | 36.72% |
| 2026-06-01 | 36.71% |
| 2026-05-29 | 36.72% |
| 2026-05-28 | 36.72% |
| 2026-05-27 | 36.53% |
| 2026-05-26 | 36.53% |
| 2026-05-22 | 36.53% |
| 2026-05-21 | 36.53% |
| 2026-05-20 | 36.52% |
| 2026-05-19 | 36.53% |
| 2026-05-18 | 36.53% |
| 2026-05-15 | 36.53% |
| 2026-05-14 | 36.52% |
| 2026-05-13 | 36.53% |
| 2026-05-12 | 36.52% |
| 2026-05-11 | 36.53% |
| 2026-05-08 | 36.52% |
| 2026-05-07 | 36.52% |
| 2026-05-06 | 36.53% |
| 2026-05-05 | 36.53% |
| 2026-05-04 | 36.52% |
| 2026-05-01 | 36.53% |
| 2026-04-30 | 36.53% |
| 2026-04-29 | 36.53% |
| 2026-04-28 | 36.52% |
| 2026-04-27 | 36.53% |
| 2026-04-24 | 36.53% |
| 2026-04-23 | 36.53% |
| 2026-04-22 | 36.52% |
| 2026-04-21 | 36.53% |
| 2026-04-20 | 36.52% |
| 2026-04-17 | 36.52% |
| 2026-04-16 | 36.53% |
| 2026-04-15 | 36.53% |
| 2026-04-14 | 36.53% |
| 2026-04-13 | 36.52% |
| 2026-04-10 | 36.52% |
| 2026-04-09 | 36.53% |
| 2026-04-08 | 36.53% |
| 2026-04-07 | 36.53% |
| 2026-04-06 | 36.53% |
| 2026-04-02 | 36.52% |
| 2026-04-01 | 36.53% |
| 2026-03-31 | 36.52% |
| 2026-03-30 | 36.52% |
| 2026-03-27 | 36.53% |
| 2026-03-26 | 36.53% |
| 2026-03-25 | 36.53% |
| 2026-03-24 | 36.52% |
| 2026-03-23 | 36.53% |
| 2026-03-20 | 36.53% |
| 2026-03-19 | 36.52% |
| 2026-03-18 | 36.53% |
| 2026-03-17 | 36.53% |
| 2026-03-16 | 36.53% |
| 2026-03-13 | 36.52% |
| 2026-03-12 | 36.52% |
| 2026-03-11 | 36.53% |
| 2026-03-10 | 36.53% |
| 2026-03-09 | 36.52% |
| 2026-03-06 | 36.53% |
| 2026-03-05 | 36.53% |
| 2026-03-04 | 36.52% |
| 2026-03-03 | 36.53% |
| 2026-03-02 | 36.52% |
| 2026-02-27 | 36.53% |
| 2026-02-26 | 36.53% |
| 2026-02-25 | 35.01% |
| 2026-02-24 | 35.01% |
| 2026-02-23 | 35.01% |
| 2026-02-20 | 35.01% |
| 2026-02-19 | 35.00% |
| 2026-02-18 | 35.01% |
| 2026-02-17 | 35.01% |
| 2026-02-13 | 35.01% |
| 2026-02-12 | 35.01% |
| 2026-02-11 | 35.01% |
| 2026-02-10 | 35.01% |
| 2026-02-09 | 35.01% |
| 2026-02-06 | 35.01% |
| 2026-02-05 | 35.00% |
| 2026-02-04 | 35.01% |
| 2026-02-03 | 35.00% |
| 2026-02-02 | 35.00% |
| 2026-01-30 | 35.01% |
| 2026-01-29 | 35.01% |
| 2026-01-28 | 35.00% |
| 2026-01-27 | 35.01% |
| 2026-01-26 | 35.01% |
| 2026-01-23 | 35.01% |
| 2026-01-22 | 35.01% |
| 2026-01-21 | 35.01% |
| 2026-01-20 | 35.01% |
| 2026-01-16 | 35.01% |
| 2026-01-15 | 35.00% |
| 2026-01-14 | 35.01% |
| 2026-01-13 | 35.01% |
| 2026-01-12 | 35.01% |
| 2026-01-09 | 35.01% |
| 2026-01-08 | 35.01% |
| 2026-01-07 | 35.00% |
| 2026-01-06 | 35.00% |
| 2026-01-05 | 35.01% |
| 2026-01-02 | 35.01% |
| 2025-12-31 | 35.00% |
| 2025-12-30 | 35.01% |
| 2025-12-29 | 35.00% |
| 2025-12-26 | 35.00% |
| 2025-12-24 | 35.00% |
| 2025-12-23 | 35.01% |
| 2025-12-22 | 35.01% |
| 2025-12-19 | 35.00% |
| 2025-12-18 | 35.00% |
| 2025-12-17 | 33.87% |
| 2025-12-16 | 33.88% |
| 2025-12-15 | 33.87% |
| 2025-12-12 | 33.87% |
| 2025-12-11 | 33.87% |
| 2025-12-10 | 33.87% |
| 2025-12-09 | 33.88% |
| 2025-12-08 | 33.88% |
| 2025-12-05 | 33.88% |
| 2025-12-04 | 33.87% |
| 2025-12-03 | 33.88% |
| 2025-12-02 | 33.87% |
| 2025-12-01 | 33.87% |
| 2025-11-28 | 33.87% |
| 2025-11-26 | 33.87% |
| 2025-11-25 | 33.87% |
| 2025-11-24 | 33.87% |
| 2025-11-21 | 33.87% |
| 2025-11-20 | 33.87% |
| 2025-11-19 | 33.88% |
| 2025-11-18 | 33.87% |
| 2025-11-17 | 33.87% |
| 2025-11-14 | 33.87% |
| 2025-11-13 | 33.88% |
| 2025-11-12 | 33.87% |
| 2025-11-11 | 33.87% |
| 2025-11-10 | 33.88% |
| 2025-11-07 | 33.87% |
| 2025-11-06 | 33.87% |
| 2025-11-05 | 33.87% |
| 2025-11-04 | 33.87% |
| 2025-11-03 | 33.88% |
| 2025-10-31 | 33.87% |
| 2025-10-30 | 33.88% |
| 2025-10-29 | 33.87% |
| 2025-10-28 | 33.87% |
| 2025-10-27 | 33.87% |
| 2025-10-24 | 33.87% |
| 2025-10-23 | 33.88% |
| 2025-10-22 | 33.87% |
| 2025-10-21 | 33.88% |
| 2025-10-20 | 33.87% |
| 2025-10-17 | 33.88% |
| 2025-10-16 | 33.88% |
| 2025-10-15 | 33.87% |
| 2025-10-14 | 33.88% |
| 2025-10-13 | 33.87% |
| 2025-10-10 | 33.87% |
| 2025-10-09 | 33.88% |
| 2025-10-08 | 33.88% |
| 2025-10-07 | 33.87% |
| 2025-10-06 | 33.88% |
| 2025-10-03 | 33.88% |
| 2025-10-02 | 33.87% |
| 2025-10-01 | 33.87% |
| 2025-09-30 | 33.87% |
| 2025-09-29 | 33.09% |
| 2025-09-26 | 33.08% |
| 2025-09-25 | 33.09% |
| 2025-09-24 | 33.08% |
| 2025-09-23 | 33.09% |
| 2025-09-22 | 33.09% |
| 2025-09-19 | 33.09% |
| 2025-09-18 | 33.09% |
| 2025-09-17 | 33.09% |
| 2025-09-16 | 33.09% |
| 2025-09-15 | 33.09% |
| 2025-09-12 | 33.10% |
| 2025-09-11 | 33.09% |
| 2025-09-10 | 33.09% |
| 2025-09-09 | 33.09% |
| 2025-09-08 | 33.09% |
| 2025-09-05 | 33.09% |
| 2025-09-04 | 33.08% |
| 2025-09-03 | 33.08% |
| 2025-09-02 | 33.09% |
| 2025-08-29 | 33.09% |
| 2025-08-28 | 33.09% |
| 2025-08-27 | 30.62% |
| 2025-08-26 | 30.63% |
| 2025-08-25 | 30.62% |
| 2025-08-22 | 30.63% |
| 2025-08-21 | 30.63% |
| 2025-08-20 | 30.63% |
| 2025-08-19 | 30.63% |
| 2025-08-18 | 30.62% |
| 2025-08-15 | 30.63% |
| 2025-08-14 | 30.63% |
| 2025-08-13 | 30.62% |
| 2025-08-12 | 30.62% |
| 2025-08-11 | 30.63% |
| 2025-08-08 | 30.62% |
| 2025-08-07 | 30.62% |
| 2025-08-06 | 30.63% |
| 2025-08-05 | 30.62% |
| 2025-08-04 | 30.62% |
| 2025-08-01 | 30.63% |
| 2025-07-31 | 30.63% |
| 2025-07-30 | 30.62% |
| 2025-07-29 | 30.62% |
| 2025-07-28 | 30.62% |
| 2025-07-25 | 30.62% |
| 2025-07-24 | 30.63% |
| 2025-07-23 | 30.62% |
| 2025-07-22 | 30.62% |
| 2025-07-21 | 30.63% |
| 2025-07-18 | 30.62% |
| 2025-07-17 | 30.63% |
| 2025-07-16 | 30.62% |
| 2025-07-15 | 30.63% |
| 2025-07-14 | 30.63% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 34.7% |
| 2019 | $10.28 | $3.04 | 29.6% |
| 2018 | $7.34 | $2.74 | 37.3% |
| 2017 | $6.76 | $2.40 | 35.5% |
| 2016 | $4.83 | $2.40 | 49.7% |
| 2015 | $5.81 | $2.40 | 41.3% |
| 2014 | $8.71 | $2.31 | 26.5% |
| 2013 | $9.18 | $2.04 | 22.2% |
| 2012 | $7.72 | $1.84 | 23.8% |
| 2011 | $6.71 | $1.58 | 23.5% |
| 2010 | $4.40 | $1.23 | 28.0% |
| 2009 | $2.07 | $1.12 | 54.1% |
| 2008 | $4.76 | $1.09 | 22.9% |
| 2007 | $4.05 | $0.94 | 23.2% |
| 2006 | $3.63 | $0.80 | 22.2% |
| 2005 | $2.98 | $0.66 | 22.1% |
| 2004 | $2.85 | $0.56 | 19.6% |
| 2003 | $1.34 | $0.44 | 32.8% |
| 2002 | $0.67 | $0.44 | 65.7% |
| 2001 | ($0.14) | $0.44 | N/A (Loss) |
| 2000 | $1.03 | $0.44 | 42.7% |
| 1999 | $0.52 | $0.44 | 84.6% |
| 1998 | $2.10 | $0.44 | 21.0% |
| 1997 | $1.89 | $0.41 | 21.7% |
| 1996 | $1.57 | $0.40 | 25.5% |
