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 25.18% is 14% above its 5-year average of 22.18%, around the middle of its 5-year range (10.54%–32.76%).
As of Friday, September 4, 2026. 25.46% above its 12-month average of 20.07%.
Dividend Payout Ratio (25.18%) = TTM Dividends/Share ($2.08) / TTM EPS ($8.28)
DIVIDEND PAYOUT RATIO
25.18%
DIVIDEND PAYOUT RATIO AVG TTM
20.07%
DIVIDEND PAYOUT RATIO AVG 3Y
19.72%
DIVIDEND PAYOUT RATIO AVG 5Y
22.18%
DIVIDEND PAYOUT RATIO AVG 10Y
30.27%
DIVIDEND PAYOUT RATIO AVG 15Y
27.56%
DIVIDEND PAYOUT RATIO AVG 20Y
26.16%
CURRENT VS TTM AVG
+25.46%
CURRENT VS 3Y AVG
+27.64%
CURRENT VS 5Y AVG
+13.53%
CURRENT VS 10Y AVG
-16.82%
CURRENT VS 15Y AVG
-8.65%
CURRENT VS 20Y AVG
-3.76%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $7.97 | $2.07 | 26.0% |
| 2024-12-31 | $19.58 | $2.05 | 10.5% |
| 2023-12-31 | $7.56 | $2.03 | 26.9% |
| 2022-12-31 | $7.47 | $2.01 | 26.9% |
| 2021-12-31 | $7.81 | $1.99 | 25.5% |
| 2020-12-31 | $4.74 |
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 |
|---|---|
| 2026-09-04 | 25.18% |
| 2026-09-03 | 25.19% |
| 2026-09-02 | 25.18% |
| 2026-09-01 | 25.18% |
| 2026-08-31 | 25.18% |
| 2026-08-28 | 25.13% |
| 2026-08-27 | 25.12% |
| 2026-08-26 | 25.12% |
| 2026-08-25 | 25.12% |
| 2026-08-24 | 25.12% |
| 2026-08-21 | 25.12% |
| 2026-08-20 | 25.12% |
| 2026-08-19 | 25.12% |
| 2026-08-18 | 25.12% |
| 2026-08-17 | 25.12% |
| 2026-08-14 | 25.12% |
| 2026-08-13 | 25.12% |
| 2026-08-12 | 25.12% |
| 2026-08-11 | 25.13% |
| 2026-08-10 | 25.12% |
| 2026-08-07 | 25.12% |
| 2026-08-06 | 25.12% |
| 2026-08-05 | 25.12% |
| 2026-08-04 | 25.12% |
| 2026-08-03 | 25.13% |
| 2026-07-31 | 25.12% |
| 2026-07-30 | 25.12% |
| 2026-07-29 | 25.12% |
| 2026-07-28 | 25.12% |
| 2026-07-27 | 25.12% |
| 2026-07-24 | 25.12% |
| 2026-07-23 | 25.12% |
| 2026-07-22 | 26.00% |
| 2026-07-21 | 26.00% |
| 2026-07-20 | 26.00% |
| 2026-07-17 | 26.00% |
| 2026-07-16 | 26.00% |
| 2026-07-15 | 26.00% |
| 2026-07-14 | 26.00% |
| 2026-07-13 | 26.00% |
| 2026-07-10 | 26.00% |
| 2026-07-09 | 26.00% |
| 2026-07-08 | 26.00% |
| 2026-07-07 | 26.00% |
| 2026-07-06 | 26.00% |
| 2026-07-02 | 26.00% |
| 2026-07-01 | 26.00% |
| 2026-06-30 | 26.00% |
| 2026-06-29 | 26.00% |
| 2026-06-26 | 26.00% |
| 2026-06-25 | 26.00% |
| 2026-06-24 | 26.00% |
| 2026-06-23 | 26.00% |
| 2026-06-22 | 26.00% |
| 2026-06-18 | 26.00% |
| 2026-06-17 | 26.00% |
| 2026-06-16 | 26.00% |
| 2026-06-15 | 26.00% |
| 2026-06-12 | 26.00% |
| 2026-06-11 | 26.00% |
| 2026-06-10 | 26.00% |
| 2026-06-09 | 26.00% |
| 2026-06-08 | 26.00% |
| 2026-06-05 | 26.00% |
| 2026-06-04 | 26.00% |
| 2026-06-03 | 26.00% |
| 2026-06-02 | 26.00% |
| 2026-06-01 | 26.00% |
| 2026-05-29 | 32.44% |
| 2026-05-28 | 25.93% |
| 2026-05-27 | 25.94% |
| 2026-05-26 | 25.94% |
| 2026-05-22 | 25.94% |
| 2026-05-21 | 25.94% |
| 2026-05-20 | 25.94% |
| 2026-05-19 | 25.93% |
| 2026-05-18 | 25.93% |
| 2026-05-15 | 25.94% |
| 2026-05-14 | 25.94% |
| 2026-05-13 | 25.94% |
| 2026-05-12 | 25.94% |
| 2026-05-11 | 25.94% |
| 2026-05-08 | 25.94% |
| 2026-05-07 | 25.94% |
| 2026-05-06 | 25.94% |
| 2026-05-05 | 25.93% |
| 2026-05-04 | 25.94% |
| 2026-05-01 | 25.93% |
| 2026-04-30 | 25.94% |
| 2026-04-29 | 25.94% |
| 2026-04-28 | 25.94% |
| 2026-04-27 | 25.94% |
| 2026-04-24 | 25.94% |
| 2026-04-23 | 25.94% |
| 2026-04-22 | 26.20% |
| 2026-04-21 | 26.20% |
| 2026-04-20 | 26.20% |
| 2026-04-17 | 26.20% |
| 2026-04-16 | 26.20% |
| 2026-04-15 | 26.20% |
| 2026-04-14 | 26.20% |
| 2026-04-13 | 26.20% |
| 2026-04-10 | 26.20% |
| 2026-04-09 | 26.20% |
| 2026-04-08 | 26.20% |
| 2026-04-07 | 26.19% |
| 2026-04-06 | 26.20% |
| 2026-04-02 | 26.20% |
| 2026-04-01 | 26.20% |
| 2026-03-31 | 26.20% |
| 2026-03-30 | 26.20% |
| 2026-03-27 | 26.20% |
| 2026-03-26 | 26.20% |
| 2026-03-25 | 26.20% |
| 2026-03-24 | 26.20% |
| 2026-03-23 | 26.20% |
| 2026-03-20 | 26.20% |
| 2026-03-19 | 26.20% |
| 2026-03-18 | 26.20% |
| 2026-03-17 | 26.20% |
| 2026-03-16 | 26.20% |
| 2026-03-13 | 26.20% |
| 2026-03-12 | 26.20% |
| 2026-03-11 | 26.20% |
| 2026-03-10 | 26.20% |
| 2026-03-09 | 26.20% |
| 2026-03-06 | 26.20% |
| 2026-03-05 | 26.20% |
| 2026-03-04 | 26.20% |
| 2026-03-03 | 26.20% |
| 2026-03-02 | 26.20% |
| 2026-02-27 | 32.70% |
| 2026-02-26 | 26.14% |
| 2026-02-25 | 26.14% |
| 2026-02-24 | 26.14% |
| 2026-02-23 | 26.13% |
| 2026-02-20 | 26.14% |
| 2026-02-19 | 26.14% |
| 2026-02-18 | 26.13% |
| 2026-02-17 | 26.14% |
| 2026-02-13 | 26.14% |
| 2026-02-12 | 12.73% |
| 2026-02-11 | 12.73% |
| 2026-02-10 | 12.73% |
| 2026-02-09 | 12.73% |
| 2026-02-06 | 12.74% |
| 2026-02-05 | 12.73% |
| 2026-02-04 | 12.73% |
| 2026-02-03 | 12.73% |
| 2026-02-02 | 12.73% |
| 2026-01-30 | 12.73% |
| 2026-01-29 | 12.74% |
| 2026-01-28 | 12.73% |
| 2026-01-27 | 12.73% |
| 2026-01-26 | 12.73% |
| 2026-01-23 | 12.73% |
| 2026-01-22 | 12.73% |
| 2026-01-21 | 12.73% |
| 2026-01-20 | 12.73% |
| 2026-01-16 | 12.73% |
| 2026-01-15 | 12.73% |
| 2026-01-14 | 12.73% |
| 2026-01-13 | 12.73% |
| 2026-01-12 | 12.73% |
| 2026-01-09 | 12.73% |
| 2026-01-08 | 12.73% |
| 2026-01-07 | 12.73% |
| 2026-01-06 | 12.74% |
| 2026-01-05 | 12.73% |
| 2026-01-02 | 12.73% |
| 2025-12-31 | 12.73% |
| 2025-12-30 | 12.73% |
| 2025-12-29 | 12.73% |
| 2025-12-26 | 12.73% |
| 2025-12-24 | 12.73% |
| 2025-12-23 | 12.73% |
| 2025-12-22 | 12.73% |
| 2025-12-19 | 12.73% |
| 2025-12-18 | 12.73% |
| 2025-12-17 | 12.73% |
| 2025-12-16 | 12.73% |
| 2025-12-15 | 12.73% |
| 2025-12-12 | 12.73% |
| 2025-12-11 | 12.73% |
| 2025-12-10 | 12.74% |
| 2025-12-09 | 12.73% |
| 2025-12-08 | 12.73% |
| 2025-12-05 | 12.73% |
| 2025-12-04 | 12.73% |
| 2025-12-03 | 12.73% |
| 2025-12-02 | 12.73% |
| 2025-12-01 | 12.73% |
| 2025-11-28 | 15.89% |
| 2025-11-26 | 12.70% |
| 2025-11-25 | 12.70% |
| 2025-11-24 | 12.70% |
| 2025-11-21 | 12.70% |
| 2025-11-20 | 12.70% |
| 2025-11-19 | 12.70% |
| 2025-11-18 | 12.70% |
| 2025-11-17 | 12.70% |
| 2025-11-14 | 12.70% |
| 2025-11-13 | 12.70% |
| 2025-11-12 | 12.70% |
| 2025-11-11 | 12.70% |
| 2025-11-10 | 12.70% |
| 2025-11-07 | 12.70% |
| 2025-11-06 | 12.70% |
| 2025-11-05 | 12.70% |
| 2025-11-04 | 12.70% |
| 2025-11-03 | 12.70% |
| 2025-10-31 | 12.70% |
| 2025-10-30 | 12.70% |
| 2025-10-29 | 12.70% |
| 2025-10-28 | 12.70% |
| 2025-10-27 | 12.69% |
| 2025-10-24 | 12.70% |
| 2025-10-23 | 12.71% |
| 2025-10-22 | 12.46% |
| 2025-10-21 | 12.46% |
| 2025-10-20 | 12.46% |
| 2025-10-17 | 12.45% |
| 2025-10-16 | 12.45% |
| 2025-10-15 | 12.45% |
| 2025-10-14 | 12.45% |
| 2025-10-13 | 12.45% |
| 2025-10-10 | 12.46% |
| 2025-10-09 | 12.46% |
| 2025-10-08 | 12.46% |
| 2025-10-07 | 12.46% |
| 2025-10-06 | 12.45% |
| 2025-10-03 | 12.46% |
| 2025-10-02 | 12.46% |
| 2025-10-01 | 12.46% |
| 2025-09-30 | 12.45% |
| 2025-09-29 | 12.45% |
| 2025-09-26 | 12.45% |
| 2025-09-25 | 12.46% |
| 2025-09-24 | 12.45% |
| 2025-09-23 | 12.46% |
| 2025-09-22 | 12.46% |
| 2025-09-19 | 12.45% |
| 2025-09-18 | 12.45% |
| 2025-09-17 | 12.45% |
| 2025-09-16 | 12.46% |
| 2025-09-15 | 12.45% |
| 2025-09-12 | 12.45% |
| 2025-09-11 | 12.45% |
| 2025-09-10 | 12.45% |
| 2025-09-09 | 12.46% |
| 2025-09-08 | 12.46% |
| 2025-09-05 | 12.45% |
| 2025-09-04 | 12.46% |
| 2025-09-03 | 12.46% |
| 2025-09-02 | 12.45% |
| 2025-08-29 | 15.56% |
| 2025-08-28 | 12.42% |
| 2025-08-27 | 12.42% |
| 2025-08-26 | 12.42% |
| 2025-08-25 | 12.43% |
Showing the most recent 260 of 2,655 data points. The chart above shows the full history.
| $1.97 |
| 41.6% |
| 2019-12-31 | $4.67 | $1.94 | 41.5% |
| 2018-12-31 | $3.80 | $1.81 | 47.6% |
| 2017-12-31 | $5.21 | $1.47 | 28.2% |
| 2016-12-31 | $3.28 | $1.39 | 42.4% |
| 2015-12-31 | $5.52 | $1.32 | 24.0% |
| 2014-12-31 | $4.65 | $1.25 | 26.9% |
| 2013-12-31 | $5.86 | $0.97 | 16.6% |
| 2012-12-31 | $4.47 | $0.89 | 19.9% |
| 2011-12-31 | $4.82 | $0.79 | 16.4% |
| 2010-12-31 | $3.75 | $0.72 | 19.1% |
| 2009-12-31 | $1.91 | $0.68 | 35.8% |
| 2008-12-31 | $3.13 | $0.60 | 19.3% |
| 2007-12-31 | $3.28 | $0.52 | 15.7% |
| 2006-12-31 | $2.76 | $0.48 | 17.2% |
| 2005-12-31 | $2.52 | $0.44 | 17.6% |
| 2004-12-31 | $2.03 | $0.41 | 20.1% |
| 2003-12-31 | $1.45 | $0.38 | 26.4% |
| 2002-12-31 | ($0.60) | $0.36 | N/A (Loss) |
| 2001-12-31 | $1.22 | $0.35 | 28.6% |
| 2000-12-31 | $2.56 | $0.32 | 12.6% |
| 1999-12-31 | $4.44 | $0.29 | 6.6% |
| 1998-12-31 | $1.70 | $0.27 | 15.8% |
| 1997-12-31 | $1.82 | $0.24 | 13.3% |
| 1996-12-31 | $1.72 | $0.21 | 12.5% |
