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 37.87% is 16% below its 5-year average of 45.08%, near the low end of its 5-year range (28.90%–503.86%).
As of Monday, October 5, 2026. 11.40% above its 12-month average of 33.99%.
Dividend Payout Ratio (37.87%) = TTM Dividends/Share ($0.75) / TTM EPS ($1.98)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
37.87%
DIVIDEND PAYOUT RATIO AVG TTM
33.99%
DIVIDEND PAYOUT RATIO AVG 3Y
113.34%
DIVIDEND PAYOUT RATIO AVG 5Y
45.08%
DIVIDEND PAYOUT RATIO AVG 10Y
58.23%
DIVIDEND PAYOUT RATIO AVG 15Y
59.24%
DIVIDEND PAYOUT RATIO AVG 20Y
56.99%
CURRENT VS TTM AVG
+11.40%
CURRENT VS 3Y AVG
-66.59%
CURRENT VS 5Y AVG
-15.99%
CURRENT VS 10Y AVG
-34.97%
CURRENT VS 15Y AVG
-36.07%
CURRENT VS 20Y AVG
-33.55%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $2.22 | $0.72 | 32.4% |
| 2024-12-31 | $1.54 | $0.69 | 44.6% |
| 2023-12-31 | $0.14 | $0.68 | 482.1% |
| 2022-12-31 | ($0.06) | $0.66 | N/A (Loss) |
| 2021-12-31 | $0.82 | $0.63 | 76.8% |
| 2020-12-31 | $1.80 |
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 |
|---|---|
| 2026-10-05 | 37.87% |
| 2026-10-02 | 37.89% |
| 2026-10-01 | 37.89% |
| 2026-09-30 | 37.86% |
| 2026-09-29 | 37.89% |
| 2026-09-28 | 37.87% |
| 2026-09-25 | 37.89% |
| 2026-09-24 | 37.88% |
| 2026-09-23 | 37.89% |
| 2026-09-22 | 37.86% |
| 2026-09-21 | 37.86% |
| 2026-09-18 | 37.88% |
| 2026-09-17 | 37.88% |
| 2026-09-16 | 37.89% |
| 2026-09-15 | 37.87% |
| 2026-09-14 | 37.87% |
| 2026-09-11 | 37.89% |
| 2026-09-10 | 37.89% |
| 2026-09-09 | 37.89% |
| 2026-09-08 | 37.89% |
| 2026-09-04 | 37.87% |
| 2026-09-03 | 37.89% |
| 2026-09-02 | 37.87% |
| 2026-09-01 | 37.87% |
| 2026-08-31 | 37.89% |
| 2026-08-28 | 37.89% |
| 2026-08-27 | 37.90% |
| 2026-08-26 | 37.89% |
| 2026-08-25 | 37.87% |
| 2026-08-24 | 37.90% |
| 2026-08-21 | 37.88% |
| 2026-08-20 | 37.88% |
| 2026-08-19 | 37.88% |
| 2026-08-18 | 37.88% |
| 2026-08-17 | 37.87% |
| 2026-08-14 | 37.88% |
| 2026-08-13 | 37.88% |
| 2026-08-12 | 37.88% |
| 2026-08-11 | 37.86% |
| 2026-08-10 | 37.88% |
| 2026-08-07 | 37.89% |
| 2026-08-06 | 37.86% |
| 2026-08-05 | 37.88% |
| 2026-08-04 | 40.78% |
| 2026-08-03 | 40.76% |
| 2026-07-31 | 50.69% |
| 2026-07-30 | 40.22% |
| 2026-07-29 | 40.20% |
| 2026-07-28 | 40.20% |
| 2026-07-27 | 40.23% |
| 2026-07-24 | 40.23% |
| 2026-07-23 | 40.21% |
| 2026-07-22 | 40.24% |
| 2026-07-21 | 40.21% |
| 2026-07-20 | 40.20% |
| 2026-07-17 | 40.22% |
| 2026-07-16 | 40.22% |
| 2026-07-15 | 40.20% |
| 2026-07-14 | 40.23% |
| 2026-07-13 | 40.21% |
| 2026-07-10 | 40.24% |
| 2026-07-09 | 40.21% |
| 2026-07-08 | 40.21% |
| 2026-07-07 | 40.23% |
| 2026-07-06 | 40.20% |
| 2026-07-02 | 40.20% |
| 2026-07-01 | 40.23% |
| 2026-06-30 | 40.22% |
| 2026-06-29 | 40.20% |
| 2026-06-26 | 40.22% |
| 2026-06-25 | 40.22% |
| 2026-06-24 | 40.22% |
| 2026-06-23 | 40.21% |
| 2026-06-22 | 40.21% |
| 2026-06-18 | 40.24% |
| 2026-06-17 | 40.23% |
| 2026-06-16 | 40.22% |
| 2026-06-15 | 40.20% |
| 2026-06-12 | 40.21% |
| 2026-06-11 | 40.20% |
| 2026-06-10 | 40.22% |
| 2026-06-09 | 40.22% |
| 2026-06-08 | 40.21% |
| 2026-06-05 | 40.22% |
| 2026-06-04 | 40.23% |
| 2026-06-03 | 40.22% |
| 2026-06-02 | 40.22% |
| 2026-06-01 | 40.24% |
| 2026-05-29 | 40.21% |
| 2026-05-28 | 40.23% |
| 2026-05-27 | 40.21% |
| 2026-05-26 | 40.20% |
| 2026-05-22 | 40.20% |
| 2026-05-21 | 40.20% |
| 2026-05-20 | 40.22% |
| 2026-05-19 | 40.23% |
| 2026-05-18 | 40.22% |
| 2026-05-15 | 40.21% |
| 2026-05-14 | 40.23% |
| 2026-05-13 | 40.20% |
| 2026-05-12 | 40.24% |
| 2026-05-11 | 40.24% |
| 2026-05-08 | 40.20% |
| 2026-05-07 | 33.18% |
| 2026-05-06 | 33.16% |
| 2026-05-05 | 33.17% |
| 2026-05-04 | 33.19% |
| 2026-05-01 | 33.19% |
| 2026-04-30 | 32.72% |
| 2026-04-29 | 32.75% |
| 2026-04-28 | 32.73% |
| 2026-04-27 | 32.76% |
| 2026-04-24 | 32.73% |
| 2026-04-23 | 32.76% |
| 2026-04-22 | 32.72% |
| 2026-04-21 | 32.75% |
| 2026-04-20 | 32.72% |
| 2026-04-17 | 32.72% |
| 2026-04-16 | 32.74% |
| 2026-04-15 | 32.72% |
| 2026-04-14 | 32.73% |
| 2026-04-13 | 32.74% |
| 2026-04-10 | 32.74% |
| 2026-04-09 | 32.73% |
| 2026-04-08 | 32.76% |
| 2026-04-07 | 32.75% |
| 2026-04-06 | 32.73% |
| 2026-04-02 | 32.74% |
| 2026-04-01 | 32.72% |
| 2026-03-31 | 32.72% |
| 2026-03-30 | 32.75% |
| 2026-03-27 | 32.75% |
| 2026-03-26 | 32.76% |
| 2026-03-25 | 32.73% |
| 2026-03-24 | 32.75% |
| 2026-03-23 | 32.75% |
| 2026-03-20 | 32.76% |
| 2026-03-19 | 32.72% |
| 2026-03-18 | 32.75% |
| 2026-03-17 | 32.73% |
| 2026-03-16 | 32.72% |
| 2026-03-13 | 32.74% |
| 2026-03-12 | 32.73% |
| 2026-03-11 | 32.72% |
| 2026-03-10 | 32.75% |
| 2026-03-09 | 32.74% |
| 2026-03-06 | 29.33% |
| 2026-03-05 | 29.30% |
| 2026-03-04 | 29.30% |
| 2026-03-03 | 29.30% |
| 2026-03-02 | 29.30% |
| 2026-02-27 | 29.33% |
| 2026-02-26 | 29.32% |
| 2026-02-25 | 29.30% |
| 2026-02-24 | 29.30% |
| 2026-02-23 | 29.30% |
| 2026-02-20 | 29.30% |
| 2026-02-19 | 29.31% |
| 2026-02-18 | 29.30% |
| 2026-02-17 | 29.33% |
| 2026-02-13 | 29.32% |
| 2026-02-12 | 29.33% |
| 2026-02-11 | 29.30% |
| 2026-02-10 | 29.32% |
| 2026-02-09 | 29.31% |
| 2026-02-06 | 29.31% |
| 2026-02-05 | 29.30% |
| 2026-02-04 | 29.31% |
| 2026-02-03 | 36.24% |
| 2026-02-02 | 28.93% |
| 2026-01-30 | 28.92% |
| 2026-01-29 | 28.92% |
| 2026-01-28 | 28.90% |
| 2026-01-27 | 28.93% |
| 2026-01-26 | 28.90% |
| 2026-01-23 | 28.90% |
| 2026-01-22 | 28.91% |
| 2026-01-21 | 28.92% |
| 2026-01-20 | 28.91% |
| 2026-01-16 | 28.91% |
| 2026-01-15 | 28.90% |
| 2026-01-14 | 28.92% |
| 2026-01-13 | 28.93% |
| 2026-01-12 | 28.91% |
| 2026-01-09 | 28.92% |
| 2026-01-08 | 28.91% |
| 2026-01-07 | 28.90% |
| 2026-01-06 | 28.90% |
| 2026-01-05 | 28.90% |
| 2026-01-02 | 28.90% |
| 2025-12-31 | 28.90% |
| 2025-12-30 | 28.91% |
| 2025-12-29 | 28.93% |
| 2025-12-26 | 28.91% |
| 2025-12-24 | 28.92% |
| 2025-12-23 | 28.91% |
| 2025-12-22 | 28.91% |
| 2025-12-19 | 28.90% |
| 2025-12-18 | 28.90% |
| 2025-12-17 | 28.93% |
| 2025-12-16 | 28.93% |
| 2025-12-15 | 28.91% |
| 2025-12-12 | 28.93% |
| 2025-12-11 | 28.92% |
| 2025-12-10 | 28.92% |
| 2025-12-09 | 28.91% |
| 2025-12-08 | 28.92% |
| 2025-12-05 | 28.92% |
| 2025-12-04 | 28.90% |
| 2025-12-03 | 28.90% |
| 2025-12-02 | 28.92% |
| 2025-12-01 | 28.93% |
| 2025-11-28 | 28.90% |
| 2025-11-26 | 28.91% |
| 2025-11-25 | 28.91% |
| 2025-11-24 | 28.92% |
| 2025-11-21 | 28.91% |
| 2025-11-20 | 28.91% |
| 2025-11-19 | 28.90% |
| 2025-11-18 | 28.91% |
| 2025-11-17 | 28.90% |
| 2025-11-14 | 28.90% |
| 2025-11-13 | 28.92% |
| 2025-11-12 | 28.90% |
| 2025-11-11 | 28.90% |
| 2025-11-10 | 28.91% |
| 2025-11-07 | 28.93% |
| 2025-11-06 | 28.91% |
| 2025-11-05 | 28.90% |
| 2025-11-04 | 28.91% |
| 2025-11-03 | 30.12% |
| 2025-10-31 | 29.73% |
| 2025-10-30 | 29.71% |
| 2025-10-29 | 29.71% |
| 2025-10-28 | 29.70% |
| 2025-10-27 | 29.70% |
| 2025-10-24 | 29.72% |
| 2025-10-23 | 29.71% |
| 2025-10-22 | 29.70% |
| 2025-10-21 | 29.71% |
| 2025-10-20 | 29.70% |
| 2025-10-17 | 29.70% |
| 2025-10-16 | 29.72% |
| 2025-10-15 | 29.72% |
| 2025-10-14 | 29.69% |
| 2025-10-13 | 29.70% |
| 2025-10-10 | 29.71% |
| 2025-10-09 | 29.73% |
| 2025-10-08 | 29.69% |
| 2025-10-07 | 29.71% |
| 2025-10-06 | 29.70% |
| 2025-10-03 | 29.71% |
| 2025-10-02 | 29.69% |
| 2025-10-01 | 29.69% |
| 2025-09-30 | 29.70% |
| 2025-09-29 | 29.70% |
| 2025-09-26 | 29.69% |
| 2025-09-25 | 29.70% |
| 2025-09-24 | 29.71% |
| 2025-09-23 | 29.69% |
Showing the most recent 260 of 2,382 data points. The chart above shows the full history.
| $0.59 |
| 33.1% |
| 2019-12-31 | $1.68 | $0.58 | 34.4% |
| 2018-12-31 | ($1.16) | $0.57 | N/A (Loss) |
| 2017-12-31 | $0.26 | $0.56 | 214.4% |
| 2016-12-31 | $1.16 | $0.55 | 47.2% |
| 2015-12-31 | $0.97 | $0.54 | 55.3% |
| 2014-12-31 | $0.56 | $0.52 | 93.2% |
| 2013-12-31 | $1.01 | $0.50 | 50.0% |
| 2012-12-31 | $0.90 | $0.49 | 54.1% |
| 2011-12-31 | $0.02 | $0.47 | N/A |
| 2010-12-31 | $0.45 | $0.46 | 101.7% |
| 2009-12-31 | $0.30 | $0.44 | 147.5% |
| 2008-12-31 | $0.92 | $0.40 | 44.0% |
| 2007-12-31 | $1.39 | $0.35 | 25.4% |
| 2006-12-31 | $1.65 | $0.32 | 19.5% |
| 2005-12-31 | $1.54 | $0.29 | 19.0% |
| 2004-12-31 | $1.35 | $0.26 | 19.6% |
| 2003-12-31 | $1.07 | $0.12 | 11.6% |
