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 2.28% is 97% below its 5-year average of 65.91%, near the low end of its 5-year range (1.96%–387.00%).
As of Wednesday, March 1, 2023. 1.40% below its 12-month average of 2.31%.
Dividend Payout Ratio (2.28%) = TTM Dividends/Share ($0.04) / TTM EPS ($1.75)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2023-03-01.
DIVIDEND PAYOUT RATIO
2.28%
DIVIDEND PAYOUT RATIO AVG TTM
2.31%
DIVIDEND PAYOUT RATIO AVG 3Y
2.31%
DIVIDEND PAYOUT RATIO AVG 5Y
65.91%
DIVIDEND PAYOUT RATIO AVG 10Y
186.70%
DIVIDEND PAYOUT RATIO AVG 15Y
169.18%
DIVIDEND PAYOUT RATIO AVG 20Y
158.59%
CURRENT VS TTM AVG
-1.40%
CURRENT VS 3Y AVG
-1.40%
CURRENT VS 5Y AVG
-96.54%
CURRENT VS 10Y AVG
-98.78%
CURRENT VS 15Y AVG
-98.65%
CURRENT VS 20Y AVG
-98.56%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | ($1.19) | $0.04 | N/A (Loss) |
| 2024-12-31 | ($1.55) | $0.04 | N/A (Loss) |
| 2023-12-31 | ($1.23) | $0.04 | N/A (Loss) |
| 2022-12-31 | ($0.07) | $0.04 | N/A (Loss) |
| 2021-12-31 | $0.73 | $0.04 | 5.5% |
| 2020-12-31 | ($0.59) |
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 |
|---|---|
| 2023-03-01 | 2.28% |
| 2023-02-27 | 2.27% |
| 2023-02-23 | 2.27% |
| 2023-02-21 | 2.27% |
| 2023-02-16 | 2.29% |
| 2023-02-14 | 2.28% |
| 2023-02-10 | 2.27% |
| 2023-02-08 | 2.29% |
| 2023-02-06 | 2.29% |
| 2023-02-02 | 2.31% |
| 2023-01-31 | 2.27% |
| 2023-01-27 | 2.30% |
| 2023-01-25 | 2.28% |
| 2023-01-23 | 2.26% |
| 2023-01-19 | 2.31% |
| 2023-01-17 | 2.27% |
| 2023-01-12 | 2.29% |
| 2023-01-10 | 2.30% |
| 2023-01-06 | 2.31% |
| 2023-01-04 | 2.30% |
| 2022-12-30 | 2.29% |
| 2022-12-28 | 2.26% |
| 2022-12-23 | 2.32% |
| 2022-12-21 | 2.31% |
| 2022-12-19 | 2.26% |
| 2022-12-15 | 2.28% |
| 2022-12-13 | 2.31% |
| 2022-12-09 | 2.29% |
| 2022-12-07 | 2.26% |
| 2022-12-05 | 2.27% |
| 2022-12-01 | 2.30% |
| 2022-11-29 | 2.30% |
| 2022-11-25 | 2.29% |
| 2022-11-22 | 2.29% |
| 2022-11-18 | 2.28% |
| 2022-11-16 | 2.28% |
| 2022-11-14 | 2.28% |
| 2022-11-10 | 2.29% |
| 2022-11-08 | 2.29% |
| 2022-11-04 | 2.30% |
| 2022-11-02 | 2.34% |
| 2022-10-31 | 2.35% |
| 2022-10-27 | 2.33% |
| 2022-10-25 | 2.35% |
| 2022-10-21 | 2.94% |
| 2022-10-19 | 2.34% |
| 2022-10-17 | 2.36% |
| 2022-10-13 | 2.32% |
| 2022-10-11 | 2.33% |
| 2022-10-07 | 2.35% |
| 2022-10-05 | 2.33% |
| 2022-10-03 | 2.36% |
| 2022-09-29 | 2.33% |
| 2022-09-27 | 2.33% |
| 2022-09-23 | 2.33% |
| 2022-09-21 | 2.34% |
| 2022-09-19 | 2.34% |
| 2022-09-15 | 2.34% |
| 2022-09-13 | 2.34% |
| 2022-09-09 | 2.34% |
| 2022-09-07 | 2.34% |
| 2022-09-02 | 2.33% |
| 2022-08-31 | 2.33% |
| 2022-08-29 | 2.35% |
| 2022-08-25 | 2.35% |
| 2022-08-23 | 2.34% |
| 2022-08-19 | 2.35% |
| 2022-08-17 | 2.34% |
| 2022-08-15 | 2.34% |
| 2022-08-11 | 2.35% |
| 2022-08-09 | 2.35% |
| 2022-08-05 | 2.34% |
| 2022-08-03 | 1.98% |
| 2022-08-01 | 1.98% |
| 2022-07-28 | 1.98% |
| 2022-07-26 | 1.98% |
| 2022-07-22 | 2.46% |
| 2022-07-20 | 1.98% |
| 2022-07-18 | 1.97% |
| 2022-07-14 | 1.98% |
| 2022-07-12 | 1.97% |
| 2022-07-08 | 1.98% |
| 2022-07-06 | 1.98% |
| 2022-07-01 | 1.97% |
| 2022-06-29 | 1.98% |
| 2022-06-27 | 1.98% |
| 2022-06-23 | 1.98% |
| 2022-06-21 | 1.98% |
| 2022-06-16 | 1.98% |
| 2022-06-14 | 1.98% |
| 2022-06-10 | 1.97% |
| 2022-06-08 | 1.96% |
| 2022-06-06 | 1.97% |
| 2022-06-02 | 1.96% |
| 2022-05-31 | 1.97% |
| 2022-05-26 | 1.96% |
| 2022-05-24 | 1.96% |
| 2022-05-20 | 1.96% |
| 2022-05-18 | 1.97% |
| 2022-05-16 | 1.96% |
| 2022-05-12 | 1.97% |
| 2022-05-10 | 1.96% |
| 2022-05-06 | 1.96% |
| 2022-05-04 | 1.97% |
| 2022-05-02 | 5.41% |
| 2022-04-28 | 5.41% |
| 2022-04-26 | 5.41% |
| 2022-04-22 | 6.77% |
| 2022-04-20 | 5.41% |
| 2022-04-18 | 5.40% |
| 2022-04-13 | 5.41% |
| 2022-04-11 | 5.41% |
| 2022-04-07 | 5.40% |
| 2022-04-05 | 5.41% |
| 2022-04-01 | 5.40% |
| 2022-03-30 | 5.41% |
| 2022-03-28 | 5.41% |
| 2022-03-24 | 5.41% |
| 2022-03-22 | 5.41% |
| 2022-03-18 | 5.41% |
| 2022-03-16 | 5.41% |
| 2022-03-14 | 5.41% |
| 2022-03-10 | 5.41% |
| 2022-03-08 | 5.41% |
| 2022-03-04 | 5.41% |
| 2022-03-02 | 5.40% |
| 2022-02-28 | 5.40% |
| 2022-02-24 | 5.41% |
| 2019-08-08 | 315.00% |
| 2019-08-06 | 314.99% |
| 2019-08-02 | 314.97% |
| 2019-07-31 | 315.05% |
| 2019-07-29 | 314.97% |
| 2019-07-25 | 386.93% |
| 2019-07-23 | 386.99% |
| 2019-07-19 | 386.86% |
| 2019-07-17 | 386.98% |
| 2019-07-15 | 386.95% |
| 2019-07-11 | 386.90% |
| 2019-07-09 | 386.92% |
| 2019-07-05 | 386.85% |
| 2019-07-02 | 386.99% |
| 2019-06-28 | 386.86% |
| 2019-06-26 | 386.85% |
| 2019-06-24 | 386.85% |
| 2019-06-20 | 386.94% |
| 2019-06-18 | 386.86% |
| 2019-06-14 | 386.95% |
| 2019-06-12 | 386.90% |
| 2019-06-10 | 386.94% |
| 2019-06-06 | 386.85% |
| 2019-06-04 | 386.86% |
| 2019-05-31 | 386.98% |
| 2019-05-29 | 386.99% |
| 2019-05-24 | 386.86% |
| 2019-05-22 | 387.00% |
| 2019-05-20 | 386.84% |
| 2019-05-16 | 386.91% |
| 2019-05-14 | 386.91% |
| 2019-05-10 | 386.91% |
| 2019-05-08 | 109.60% |
| 2019-05-06 | 109.68% |
| 2019-05-02 | 109.68% |
| 2019-04-30 | 109.60% |
| 2019-04-26 | 142.09% |
| 2019-04-24 | 129.97% |
| 2019-04-22 | 130.06% |
| 2019-04-17 | 130.10% |
| 2019-04-15 | 130.06% |
| 2019-04-11 | 130.00% |
| 2019-04-09 | 130.03% |
| 2019-04-05 | 129.97% |
| 2019-04-03 | 130.03% |
| 2019-04-01 | 130.04% |
| 2019-03-28 | 130.02% |
| 2019-03-26 | 130.00% |
| 2019-03-22 | 130.04% |
| 2019-03-20 | 130.02% |
| 2019-03-18 | 129.96% |
| 2019-03-14 | 130.00% |
| 2019-03-12 | 130.02% |
| 2019-03-08 | 129.98% |
| 2019-03-06 | 130.04% |
| 2019-03-04 | 130.02% |
| 2019-02-28 | 79.14% |
| 2019-02-26 | 79.23% |
| 2019-02-22 | 79.23% |
| 2019-02-20 | 79.22% |
| 2019-02-15 | 79.16% |
| 2019-02-13 | 79.19% |
| 2019-02-11 | 79.15% |
| 2019-02-07 | 79.21% |
| 2019-02-05 | 79.18% |
| 2019-02-01 | 79.22% |
| 2019-01-30 | 79.21% |
| 2019-01-28 | 79.18% |
| 2019-01-24 | 79.24% |
| 2019-01-22 | 79.14% |
| 2019-01-17 | 79.22% |
| 2019-01-15 | 79.23% |
| 2019-01-11 | 79.22% |
| 2019-01-09 | 79.23% |
| 2019-01-07 | 79.21% |
| 2019-01-03 | 79.12% |
| 2018-12-31 | 79.20% |
| 2018-12-27 | 79.18% |
| 2018-12-24 | 79.17% |
| 2018-12-20 | 79.15% |
| 2018-12-18 | 79.24% |
| 2018-12-14 | 79.19% |
| 2018-12-12 | 79.18% |
| 2018-12-10 | 79.23% |
| 2018-12-06 | 79.14% |
| 2018-12-03 | 79.24% |
| 2018-11-29 | 79.16% |
| 2018-11-27 | 79.18% |
| 2018-11-23 | 79.16% |
| 2018-11-20 | 79.20% |
| 2018-11-16 | 79.16% |
| 2018-11-14 | 79.18% |
| 2018-11-12 | 79.22% |
| 2018-11-08 | 79.20% |
| 2018-11-06 | 81.28% |
| 2018-11-02 | 81.28% |
| 2018-10-31 | 81.25% |
| 2018-10-29 | 81.24% |
| 2018-10-25 | 60.96% |
| 2018-10-23 | 60.92% |
| 2018-10-19 | 81.21% |
| 2018-10-17 | 81.25% |
| 2018-10-15 | 81.27% |
| 2018-10-11 | 81.21% |
| 2018-10-09 | 81.22% |
| 2018-10-05 | 81.26% |
| 2018-10-03 | 81.26% |
| 2018-10-01 | 81.27% |
| 2018-09-27 | 81.29% |
| 2018-09-25 | 81.26% |
| 2018-09-21 | 81.22% |
| 2018-09-19 | 81.26% |
| 2018-09-17 | 81.26% |
| 2018-09-13 | 81.22% |
| 2018-09-11 | 81.22% |
| 2018-09-07 | 81.25% |
| 2018-09-05 | 81.24% |
| 2018-08-31 | 81.22% |
| 2018-08-29 | 81.23% |
| 2018-08-27 | 81.24% |
| 2018-08-23 | 81.28% |
| 2018-08-21 | 81.28% |
| 2018-08-17 | 81.29% |
| 2018-08-15 | 81.22% |
| 2018-08-13 | 81.29% |
| 2018-08-09 | 81.27% |
| 2018-08-07 | 106.26% |
| 2018-08-03 | 106.32% |
| 2018-08-01 | 106.26% |
| 2018-07-30 | 106.25% |
| 2018-07-26 | 79.70% |
| 2018-07-24 | 79.71% |
Showing the most recent 260 of 2,082 data points. The chart above shows the full history.
| $0.18 |
| N/A (Loss) |
| 2019-12-31 | ($0.37) | $0.83 | N/A (Loss) |
| 2018-12-31 | $1.21 | $1.56 | 128.9% |
| 2017-12-31 | $0.62 | $1.56 | 251.6% |
| 2016-12-31 | $0.60 | $1.56 | 260.0% |
| 2015-12-31 | $0.54 | $1.55 | 286.3% |
| 2014-12-31 | $0.81 | $1.55 | 190.9% |
| 2013-12-31 | $0.98 | $1.55 | 157.8% |
| 2012-12-31 | $0.78 | $1.52 | 194.4% |
| 2011-12-31 | $1.01 | $1.48 | 146.2% |
| 2010-12-31 | $0.91 | $1.44 | 157.9% |
| 2009-12-31 | $0.90 | $1.41 | 156.4% |
| 2008-12-31 | $1.01 | $1.39 | 137.4% |
| 2007-12-31 | $1.03 | $1.36 | 131.8% |
| 2006-12-31 | $0.91 | $1.29 | 141.6% |
| 2005-12-31 | $0.93 | $1.27 | 136.4% |
| 2004-12-31 | $0.89 | $1.24 | 139.2% |
| 2003-12-31 | $0.78 | $1.23 | 157.6% |
| 2002-12-31 | $0.89 | $1.22 | 137.0% |
| 2001-12-31 | $0.55 | $0.89 | 162.2% |
| 2000-12-31 | $2.25 | $1.77 | 78.5% |
| 1999-12-31 | $0.57 | $0.58 | 101.2% |
