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 17.05% is 39% below its 5-year average of 28.10%, near the low end of its 5-year range (8.62%–75.25%).
As of Friday, September 11, 2026. 51.05% below its 12-month average of 34.83%.
Dividend Payout Ratio (17.05%) = TTM Dividends/Share ($8.00) / TTM EPS ($46.93)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
17.05%
DIVIDEND PAYOUT RATIO AVG TTM
34.83%
DIVIDEND PAYOUT RATIO AVG 3Y
27.02%
DIVIDEND PAYOUT RATIO AVG 5Y
28.10%
DIVIDEND PAYOUT RATIO AVG 10Y
31.51%
DIVIDEND PAYOUT RATIO AVG 15Y
26.89%
DIVIDEND PAYOUT RATIO AVG 20Y
24.72%
CURRENT VS TTM AVG
-51.05%
CURRENT VS 3Y AVG
-36.91%
CURRENT VS 5Y AVG
-39.34%
CURRENT VS 10Y AVG
-45.91%
CURRENT VS 15Y AVG
-36.61%
CURRENT VS 20Y AVG
-31.04%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $37.86 | $8.00 | 21.1% |
| 2024-12-31 | $31.78 | $7.75 | 24.4% |
| 2023-12-31 | $60.19 | $6.80 | 11.3% |
| 2022-12-31 | $15.19 | $6.50 | 42.8% |
| 2021-12-31 | $34.66 | $6.20 | 17.9% |
| 2020-12-31 | $12.81 |
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 |
|---|---|
| 2026-09-11 | 17.05% |
| 2026-09-10 | 17.03% |
| 2026-09-09 | 17.05% |
| 2026-09-08 | 12.78% |
| 2026-09-04 | 12.78% |
| 2026-09-03 | 12.78% |
| 2026-09-02 | 17.05% |
| 2026-09-01 | 17.03% |
| 2026-08-31 | 17.04% |
| 2026-08-28 | 17.03% |
| 2026-08-27 | 17.03% |
| 2026-08-26 | 17.04% |
| 2026-08-25 | 17.05% |
| 2026-08-24 | 17.05% |
| 2026-08-21 | 17.04% |
| 2026-08-20 | 17.05% |
| 2026-08-19 | 17.04% |
| 2026-08-18 | 17.03% |
| 2026-08-17 | 17.05% |
| 2026-08-14 | 17.03% |
| 2026-08-13 | 17.05% |
| 2026-08-12 | 17.05% |
| 2026-08-11 | 17.04% |
| 2026-08-10 | 17.04% |
| 2026-08-07 | 17.05% |
| 2026-08-06 | 17.04% |
| 2026-08-05 | 17.04% |
| 2026-08-04 | 17.03% |
| 2026-08-03 | 16.28% |
| 2026-07-31 | 16.27% |
| 2026-07-30 | 16.26% |
| 2026-07-29 | 16.27% |
| 2026-07-28 | 16.27% |
| 2026-07-27 | 16.27% |
| 2026-07-24 | 16.27% |
| 2026-07-23 | 16.27% |
| 2026-07-22 | 16.28% |
| 2026-07-21 | 16.27% |
| 2026-07-20 | 16.27% |
| 2026-07-17 | 16.27% |
| 2026-07-16 | 16.27% |
| 2026-07-15 | 16.28% |
| 2026-07-14 | 16.26% |
| 2026-07-13 | 16.28% |
| 2026-07-10 | 16.28% |
| 2026-07-09 | 16.28% |
| 2026-07-08 | 16.27% |
| 2026-07-07 | 16.27% |
| 2026-07-06 | 16.26% |
| 2026-07-02 | 16.26% |
| 2026-07-01 | 16.27% |
| 2026-06-30 | 16.28% |
| 2026-06-29 | 16.28% |
| 2026-06-26 | 16.27% |
| 2026-06-25 | 16.28% |
| 2026-06-24 | 16.27% |
| 2026-06-23 | 16.28% |
| 2026-06-22 | 16.27% |
| 2026-06-18 | 16.28% |
| 2026-06-17 | 16.26% |
| 2026-06-16 | 16.27% |
| 2026-06-15 | 16.28% |
| 2026-06-12 | 16.26% |
| 2026-06-11 | 12.21% |
| 2026-06-10 | 12.19% |
| 2026-06-09 | 12.20% |
| 2026-06-08 | 12.20% |
| 2026-06-05 | 12.20% |
| 2026-06-04 | 12.21% |
| 2026-06-03 | 12.20% |
| 2026-06-02 | 12.19% |
| 2026-06-01 | 12.21% |
| 2026-05-29 | 12.20% |
| 2026-05-28 | 12.21% |
| 2026-05-27 | 16.26% |
| 2026-05-26 | 16.26% |
| 2026-05-22 | 16.26% |
| 2026-05-21 | 16.27% |
| 2026-05-20 | 16.27% |
| 2026-05-19 | 16.27% |
| 2026-05-18 | 16.28% |
| 2026-05-15 | 16.27% |
| 2026-05-14 | 16.28% |
| 2026-05-13 | 16.28% |
| 2026-05-12 | 16.27% |
| 2026-05-11 | 16.26% |
| 2026-05-08 | 16.27% |
| 2026-05-07 | 16.26% |
| 2026-05-06 | 16.28% |
| 2026-05-05 | 21.14% |
| 2026-05-04 | 21.13% |
| 2026-05-01 | 21.13% |
| 2026-04-30 | 21.12% |
| 2026-04-29 | 21.14% |
| 2026-04-28 | 21.14% |
| 2026-04-27 | 21.12% |
| 2026-04-24 | 21.13% |
| 2026-04-23 | 21.14% |
| 2026-04-22 | 21.12% |
| 2026-04-21 | 21.13% |
| 2026-04-20 | 21.13% |
| 2026-04-17 | 21.12% |
| 2026-04-16 | 21.14% |
| 2026-04-15 | 21.13% |
| 2026-04-14 | 21.12% |
| 2026-04-13 | 21.14% |
| 2026-04-10 | 21.12% |
| 2026-04-09 | 21.12% |
| 2026-04-08 | 21.12% |
| 2026-04-07 | 21.14% |
| 2026-04-06 | 21.12% |
| 2026-04-02 | 21.13% |
| 2026-04-01 | 21.12% |
| 2026-03-31 | 21.12% |
| 2026-03-30 | 21.13% |
| 2026-03-27 | 21.14% |
| 2026-03-26 | 21.12% |
| 2026-03-25 | 21.14% |
| 2026-03-24 | 21.13% |
| 2026-03-23 | 21.14% |
| 2026-03-20 | 21.14% |
| 2026-03-19 | 21.14% |
| 2026-03-18 | 21.13% |
| 2026-03-17 | 21.13% |
| 2026-03-16 | 26.43% |
| 2026-03-13 | 26.41% |
| 2026-03-12 | 21.12% |
| 2026-03-11 | 21.13% |
| 2026-03-10 | 21.13% |
| 2026-03-09 | 21.12% |
| 2026-03-06 | 21.12% |
| 2026-03-05 | 21.13% |
| 2026-03-04 | 21.12% |
| 2026-03-03 | 21.13% |
| 2026-03-02 | 21.13% |
| 2026-02-27 | 21.13% |
| 2026-02-26 | 60.20% |
| 2026-02-25 | 60.20% |
| 2026-02-24 | 60.20% |
| 2026-02-23 | 60.21% |
| 2026-02-20 | 60.20% |
| 2026-02-19 | 60.19% |
| 2026-02-18 | 60.20% |
| 2026-02-17 | 60.20% |
| 2026-02-13 | 60.18% |
| 2026-02-12 | 60.19% |
| 2026-02-11 | 60.19% |
| 2026-02-10 | 60.20% |
| 2026-02-09 | 60.20% |
| 2026-02-06 | 60.20% |
| 2026-02-05 | 60.19% |
| 2026-02-04 | 60.20% |
| 2026-02-03 | 60.20% |
| 2026-02-02 | 60.19% |
| 2026-01-30 | 60.20% |
| 2026-01-29 | 60.19% |
| 2026-01-28 | 60.20% |
| 2026-01-27 | 60.18% |
| 2026-01-26 | 60.19% |
| 2026-01-23 | 60.20% |
| 2026-01-22 | 60.21% |
| 2026-01-21 | 60.20% |
| 2026-01-20 | 60.20% |
| 2026-01-16 | 60.20% |
| 2026-01-15 | 60.20% |
| 2026-01-14 | 60.19% |
| 2026-01-13 | 60.19% |
| 2026-01-12 | 60.20% |
| 2026-01-09 | 60.20% |
| 2026-01-08 | 60.20% |
| 2026-01-07 | 60.20% |
| 2026-01-06 | 60.21% |
| 2026-01-05 | 60.20% |
| 2026-01-02 | 60.20% |
| 2025-12-31 | 60.19% |
| 2025-12-30 | 60.20% |
| 2025-12-29 | 60.21% |
| 2025-12-26 | 60.20% |
| 2025-12-24 | 60.20% |
| 2025-12-23 | 60.19% |
| 2025-12-22 | 60.20% |
| 2025-12-19 | 60.20% |
| 2025-12-18 | 60.19% |
| 2025-12-17 | 60.20% |
| 2025-12-16 | 60.19% |
| 2025-12-15 | 60.21% |
| 2025-12-12 | 60.20% |
| 2025-12-11 | 60.20% |
| 2025-12-10 | 60.20% |
| 2025-12-09 | 60.20% |
| 2025-12-08 | 60.21% |
| 2025-12-05 | 60.19% |
| 2025-12-04 | 60.18% |
| 2025-12-03 | 60.20% |
| 2025-12-02 | 60.19% |
| 2025-12-01 | 60.19% |
| 2025-11-28 | 60.20% |
| 2025-11-26 | 75.25% |
| 2025-11-25 | 60.20% |
| 2025-11-24 | 60.21% |
| 2025-11-21 | 60.20% |
| 2025-11-20 | 60.20% |
| 2025-11-19 | 60.20% |
| 2025-11-18 | 60.20% |
| 2025-11-17 | 60.19% |
| 2025-11-14 | 60.20% |
| 2025-11-13 | 60.19% |
| 2025-11-12 | 60.20% |
| 2025-11-11 | 60.19% |
| 2025-11-10 | 60.21% |
| 2025-11-07 | 60.20% |
| 2025-11-06 | 60.20% |
| 2025-11-05 | 60.20% |
| 2025-11-04 | 60.18% |
| 2025-11-03 | 60.21% |
| 2025-10-31 | 42.10% |
| 2025-10-30 | 42.10% |
| 2025-10-29 | 42.11% |
| 2025-10-28 | 42.11% |
| 2025-10-27 | 42.10% |
| 2025-10-24 | 42.12% |
| 2025-10-23 | 42.10% |
| 2025-10-22 | 42.11% |
| 2025-10-21 | 42.11% |
| 2025-10-20 | 42.10% |
| 2025-10-17 | 42.12% |
| 2025-10-16 | 42.11% |
| 2025-10-15 | 42.09% |
| 2025-10-14 | 42.11% |
| 2025-10-13 | 42.09% |
| 2025-10-10 | 42.11% |
| 2025-10-09 | 42.10% |
| 2025-10-08 | 42.11% |
| 2025-10-07 | 42.10% |
| 2025-10-06 | 42.11% |
| 2025-10-03 | 42.10% |
| 2025-10-02 | 42.11% |
| 2025-10-01 | 42.11% |
| 2025-09-30 | 42.10% |
| 2025-09-29 | 42.10% |
| 2025-09-26 | 42.10% |
| 2025-09-25 | 42.11% |
| 2025-09-24 | 42.11% |
| 2025-09-23 | 42.12% |
| 2025-09-22 | 42.10% |
| 2025-09-19 | 42.10% |
| 2025-09-18 | 42.11% |
| 2025-09-17 | 42.10% |
| 2025-09-16 | 42.10% |
| 2025-09-15 | 52.64% |
| 2025-09-12 | 52.64% |
| 2025-09-11 | 52.63% |
| 2025-09-10 | 52.64% |
| 2025-09-09 | 52.64% |
| 2025-09-08 | 52.62% |
| 2025-09-05 | 52.62% |
| 2025-09-04 | 52.63% |
| 2025-09-03 | 52.62% |
| 2025-09-02 | 42.11% |
| 2025-08-29 | 42.10% |
Showing the most recent 260 of 2,522 data points. The chart above shows the full history.
| $6.20 |
| 48.4% |
| 2019-12-31 | $24.77 | $5.75 | 23.2% |
| 2018-12-31 | $2.54 | $5.30 | 208.7% |
| 2017-12-31 | $11.43 | $5.05 | 44.2% |
| 2016-12-31 | $23.85 | $4.70 | 19.7% |
| 2015-12-31 | $22.29 | $4.00 | 17.9% |
| 2014-12-31 | $26.16 | $3.20 | 12.2% |
| 2013-12-31 | $25.67 | $2.19 | 8.5% |
| 2012-12-31 | $15.85 | $1.92 | 12.1% |
| 2011-12-31 | ($1.49) | $1.92 | N/A (Loss) |
| 2010-12-31 | $10.73 | $1.92 | 17.9% |
| 2009-12-31 | $13.26 | $1.92 | 14.5% |
| 2008-12-31 | ($0.30) | $1.92 | N/A (Loss) |
| 2007-12-31 | $13.30 | $1.92 | 14.4% |
| 2006-12-31 | $12.99 | $0.60 | 4.6% |
| 2005-12-31 | ($3.79) | $0.44 | N/A (Loss) |
| 2004-12-31 | $8.85 | $0.40 | 4.5% |
| 2003-12-31 | $7.89 | $0.36 | 4.6% |
| 2002-12-31 | $4.60 | $0.32 | 7.0% |
| 2001-12-31 | $2.14 | $0.28 | 13.1% |
| 2000-12-31 | $4.06 | $0.24 | 5.9% |
| 1999-12-31 | $3.26 | $0.24 | 7.4% |
| 1998-12-31 | $8.19 | $0.20 | 2.4% |
| 1997-12-31 | $8.01 | $0.16 | 2.0% |
| 1996-12-31 | $6.10 | $0.12 | 2.0% |
