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 348.58% is in line with its 5-year average of 338.25%, around the middle of its 5-year range (184.32%–566.84%).
As of Friday, September 11, 2026. 16.13% below its 12-month average of 415.64%.
Dividend Payout Ratio (348.58%) = TTM Dividends/Share ($1.22) / TTM EPS ($0.35)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
348.58%
DIVIDEND PAYOUT RATIO AVG TTM
415.64%
DIVIDEND PAYOUT RATIO AVG 3Y
387.85%
DIVIDEND PAYOUT RATIO AVG 5Y
338.25%
DIVIDEND PAYOUT RATIO AVG 10Y
313.22%
DIVIDEND PAYOUT RATIO AVG 15Y
275.38%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-16.13%
CURRENT VS 3Y AVG
-10.12%
CURRENT VS 5Y AVG
+3.05%
CURRENT VS 10Y AVG
+11.29%
CURRENT VS 15Y AVG
+26.58%
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $0.10 | $1.22 | N/A |
| 2024-12-31 | $0.36 | $1.43 | 397.2% |
| 2023-12-31 | $0.56 | $2.12 | 378.6% |
| 2022-12-31 | $0.92 | $2.12 | 230.4% |
| 2021-12-31 | $0.93 | $2.12 | 228.0% |
| 2020-12-31 | $0.77 |
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 | 348.58% |
| 2026-09-10 | 348.58% |
| 2026-09-09 | 348.60% |
| 2026-09-08 | 348.58% |
| 2026-09-04 | 348.58% |
| 2026-09-03 | 348.61% |
| 2026-09-02 | 348.61% |
| 2026-09-01 | 348.61% |
| 2026-08-31 | 348.61% |
| 2026-08-28 | 348.61% |
| 2026-08-27 | 348.59% |
| 2026-08-26 | 348.60% |
| 2026-08-25 | 348.61% |
| 2026-08-24 | 348.58% |
| 2026-08-21 | 348.57% |
| 2026-08-20 | 348.57% |
| 2026-08-19 | 348.56% |
| 2026-08-18 | 348.58% |
| 2026-08-17 | 377.63% |
| 2026-08-14 | 348.58% |
| 2026-08-13 | 348.60% |
| 2026-08-12 | 348.59% |
| 2026-08-11 | 348.58% |
| 2026-08-10 | 348.56% |
| 2026-08-07 | 348.57% |
| 2026-08-06 | 348.61% |
| 2026-08-05 | 386.84% |
| 2026-08-04 | 386.84% |
| 2026-08-03 | 386.82% |
| 2026-07-31 | 386.80% |
| 2026-07-30 | 386.81% |
| 2026-07-29 | 386.80% |
| 2026-07-28 | 386.81% |
| 2026-07-27 | 386.82% |
| 2026-07-24 | 386.83% |
| 2026-07-23 | 386.84% |
| 2026-07-22 | 386.85% |
| 2026-07-21 | 386.85% |
| 2026-07-20 | 386.81% |
| 2026-07-17 | 386.82% |
| 2026-07-16 | 386.83% |
| 2026-07-15 | 386.83% |
| 2026-07-14 | 386.80% |
| 2026-07-13 | 386.84% |
| 2026-07-10 | 386.81% |
| 2026-07-09 | 386.83% |
| 2026-07-08 | 386.80% |
| 2026-07-07 | 386.82% |
| 2026-07-06 | 386.82% |
| 2026-07-02 | 386.80% |
| 2026-07-01 | 386.82% |
| 2026-06-30 | 386.82% |
| 2026-06-29 | 386.82% |
| 2026-06-26 | 386.85% |
| 2026-06-25 | 386.82% |
| 2026-06-24 | 386.81% |
| 2026-06-23 | 386.84% |
| 2026-06-22 | 386.83% |
| 2026-06-18 | 386.84% |
| 2026-06-17 | 386.83% |
| 2026-06-16 | 386.84% |
| 2026-06-15 | 419.03% |
| 2026-06-12 | 386.83% |
| 2026-06-11 | 386.84% |
| 2026-06-10 | 386.81% |
| 2026-06-09 | 386.84% |
| 2026-06-08 | 386.81% |
| 2026-06-05 | 386.85% |
| 2026-06-04 | 386.80% |
| 2026-06-03 | 386.80% |
| 2026-06-02 | 386.84% |
| 2026-06-01 | 386.82% |
| 2026-05-29 | 386.85% |
| 2026-05-28 | 386.84% |
| 2026-05-27 | 386.83% |
| 2026-05-26 | 386.84% |
| 2026-05-22 | 386.85% |
| 2026-05-21 | 386.82% |
| 2026-05-20 | 386.80% |
| 2026-05-19 | 386.81% |
| 2026-05-18 | 419.03% |
| 2026-05-15 | 386.81% |
| 2026-05-14 | 386.84% |
| 2026-05-13 | 386.79% |
| 2026-05-12 | 386.80% |
| 2026-05-11 | 386.82% |
| 2026-05-08 | 386.82% |
| 2026-05-07 | 386.80% |
| 2025-10-24 | 566.82% |
| 2025-10-23 | 566.80% |
| 2025-10-22 | 566.77% |
| 2025-10-21 | 566.79% |
| 2025-10-20 | 566.84% |
| 2025-10-17 | 566.78% |
| 2025-10-16 | 523.02% |
| 2025-10-15 | 523.03% |
| 2025-10-14 | 523.05% |
| 2025-10-13 | 523.01% |
| 2025-10-10 | 523.03% |
| 2025-10-09 | 523.02% |
| 2025-10-08 | 523.07% |
| 2025-10-07 | 523.02% |
| 2025-10-06 | 523.01% |
| 2025-10-03 | 523.02% |
| 2025-10-02 | 523.07% |
| 2025-10-01 | 523.07% |
| 2025-09-30 | 523.06% |
| 2025-09-29 | 523.01% |
| 2025-09-26 | 523.02% |
| 2025-09-25 | 523.04% |
| 2025-09-24 | 523.01% |
| 2025-09-23 | 523.06% |
| 2025-09-22 | 523.05% |
| 2025-09-19 | 523.04% |
| 2025-09-18 | 479.27% |
| 2025-09-17 | 479.27% |
| 2025-09-16 | 479.30% |
| 2025-09-15 | 479.26% |
| 2025-09-12 | 479.27% |
| 2025-09-11 | 479.28% |
| 2025-09-10 | 479.27% |
| 2025-09-09 | 479.25% |
| 2025-09-08 | 479.29% |
| 2025-09-05 | 479.24% |
| 2025-09-04 | 479.30% |
| 2025-09-03 | 479.25% |
| 2025-09-02 | 479.27% |
| 2025-08-29 | 479.29% |
| 2025-08-28 | 479.25% |
| 2025-08-27 | 479.30% |
| 2025-08-26 | 479.25% |
| 2025-08-25 | 479.28% |
| 2025-08-22 | 479.27% |
| 2025-08-21 | 479.29% |
| 2025-08-20 | 479.28% |
| 2025-08-19 | 479.28% |
| 2025-08-18 | 479.28% |
| 2025-08-15 | 435.53% |
| 2025-08-14 | 435.49% |
| 2025-08-13 | 435.48% |
| 2025-08-12 | 435.50% |
| 2025-08-11 | 435.50% |
| 2025-08-08 | 435.51% |
| 2025-08-07 | 435.51% |
| 2025-08-05 | 435.51% |
| 2025-08-01 | 564.64% |
| 2025-07-30 | 564.66% |
| 2025-07-28 | 564.65% |
| 2025-07-24 | 330.46% |
| 2025-07-22 | 330.51% |
| 2025-07-18 | 330.50% |
| 2025-07-16 | 304.89% |
| 2025-07-14 | 304.85% |
| 2025-07-10 | 304.85% |
| 2025-07-08 | 304.86% |
| 2025-07-03 | 304.89% |
| 2025-07-01 | 304.87% |
| 2025-06-27 | 304.87% |
| 2025-06-25 | 304.84% |
| 2025-06-23 | 304.89% |
| 2025-06-18 | 304.88% |
| 2025-06-16 | 304.83% |
| 2025-06-12 | 279.24% |
| 2025-06-10 | 279.23% |
| 2025-06-06 | 279.27% |
| 2025-06-04 | 279.22% |
| 2025-06-02 | 279.22% |
| 2025-05-29 | 279.24% |
| 2025-05-27 | 279.23% |
| 2025-05-22 | 279.26% |
| 2025-05-20 | 279.27% |
| 2025-05-16 | 253.63% |
| 2025-05-14 | 253.65% |
| 2025-05-12 | 253.65% |
| 2025-05-08 | 253.61% |
| 2025-05-06 | 253.63% |
| 2025-05-02 | 329.20% |
| 2025-04-30 | 329.23% |
| 2025-04-28 | 329.21% |
| 2025-04-24 | 376.44% |
| 2025-04-22 | 376.44% |
| 2025-04-17 | 376.46% |
| 2025-04-15 | 347.18% |
| 2025-04-11 | 347.17% |
| 2025-04-09 | 347.15% |
| 2025-04-07 | 347.13% |
| 2025-04-03 | 347.13% |
| 2025-04-01 | 347.17% |
| 2025-03-28 | 347.18% |
| 2025-03-26 | 347.14% |
| 2025-03-24 | 347.18% |
| 2025-03-20 | 347.17% |
| 2025-03-18 | 347.14% |
| 2025-03-14 | 347.14% |
| 2025-03-12 | 347.18% |
| 2025-03-10 | 347.16% |
| 2025-03-06 | 347.13% |
| 2025-03-04 | 347.16% |
| 2025-02-28 | 347.19% |
| 2025-02-26 | 347.17% |
| 2025-02-24 | 347.16% |
| 2025-02-20 | 347.18% |
| 2025-02-18 | 347.16% |
| 2025-02-13 | 259.31% |
| 2025-02-11 | 345.74% |
| 2025-02-07 | 345.74% |
| 2025-02-05 | 345.75% |
| 2025-02-03 | 254.90% |
| 2025-01-30 | 254.86% |
| 2025-01-28 | 254.87% |
| 2025-01-24 | 254.86% |
| 2025-01-22 | 254.89% |
| 2025-01-17 | 254.90% |
| 2025-01-15 | 254.88% |
| 2025-01-13 | 254.88% |
| 2025-01-08 | 254.88% |
| 2025-01-06 | 254.87% |
| 2025-01-02 | 254.88% |
| 2024-12-30 | 303.75% |
| 2024-12-26 | 303.72% |
| 2024-12-23 | 303.72% |
| 2024-12-19 | 303.73% |
| 2024-12-17 | 303.75% |
| 2024-12-13 | 303.77% |
| 2024-12-11 | 303.75% |
| 2024-12-09 | 303.73% |
| 2024-12-05 | 303.77% |
| 2024-12-03 | 303.75% |
| 2024-11-29 | 303.75% |
| 2024-11-26 | 303.75% |
| 2024-11-22 | 303.73% |
| 2024-11-20 | 303.75% |
| 2024-11-18 | 303.75% |
| 2024-11-14 | 303.77% |
| 2024-11-12 | 303.72% |
| 2024-11-08 | 303.72% |
| 2024-11-06 | 303.74% |
| 2024-11-04 | 367.48% |
| 2024-10-31 | 303.71% |
| 2024-10-29 | 303.72% |
| 2024-10-25 | 303.71% |
| 2024-10-23 | 303.75% |
| 2024-10-21 | 303.73% |
| 2024-10-17 | 303.75% |
| 2024-10-15 | 303.75% |
| 2024-10-11 | 303.75% |
| 2024-10-09 | 303.73% |
| 2024-10-07 | 303.74% |
| 2024-10-03 | 303.76% |
| 2024-10-01 | 303.73% |
| 2024-09-27 | 352.57% |
| 2024-09-25 | 352.60% |
| 2024-09-23 | 352.59% |
| 2024-09-19 | 352.62% |
| 2024-09-17 | 352.58% |
| 2024-09-13 | 352.58% |
| 2024-09-11 | 352.61% |
| 2024-09-09 | 352.63% |
| 2024-09-05 | 352.59% |
| 2024-09-03 | 352.56% |
Showing the most recent 260 of 1,514 data points. The chart above shows the full history.
| $2.40 |
| 311.7% |
| 2019-12-31 | $0.09 | $2.40 | N/A |
| 2018-12-31 | $2.25 | $2.40 | 106.7% |
| 2017-12-31 | $0.88 | $2.54 | 288.1% |
| 2016-12-31 | $1.34 | $2.39 | 178.4% |
| 2015-12-31 | ($1.21) | $2.06 | N/A (Loss) |
| 2014-12-31 | $2.01 | $3.47 | 172.8% |
| 2013-12-31 | $2.13 | $1.91 | 89.8% |
| 2012-12-31 | $1.90 | $1.82 | 95.9% |
| 2011-12-31 | $1.29 | $1.75 | 135.6% |
