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 48.58% is 11% below its 5-year average of 54.31%, near the low end of its 5-year range (40.78%–83.71%).
As of Friday, September 4, 2026. 3.73% below its 12-month average of 50.46%.
Dividend Payout Ratio (48.58%) = TTM Dividends/Share ($2.22) / TTM EPS ($4.57)
DIVIDEND PAYOUT RATIO
48.58%
DIVIDEND PAYOUT RATIO AVG TTM
50.46%
DIVIDEND PAYOUT RATIO AVG 3Y
54.04%
DIVIDEND PAYOUT RATIO AVG 5Y
54.31%
DIVIDEND PAYOUT RATIO AVG 10Y
58.55%
DIVIDEND PAYOUT RATIO AVG 15Y
56.27%
DIVIDEND PAYOUT RATIO AVG 20Y
53.73%
CURRENT VS TTM AVG
-3.73%
CURRENT VS 3Y AVG
-10.10%
CURRENT VS 5Y AVG
-10.56%
CURRENT VS 10Y AVG
-17.03%
CURRENT VS 15Y AVG
-13.67%
CURRENT VS 20Y AVG
-9.60%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-09-30 | $4.07 | $2.11 | 51.8% |
| 2024-09-30 | $3.44 | $2.10 | 61.0% |
| 2023-09-30 | $3.75 | $2.08 | 55.5% |
| 2022-09-30 | $4.63 | $2.06 | 44.5% |
| 2021-09-30 | $3.85 | $2.02 | 52.5% |
| 2020-09-30 | $3.26 |
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 | 48.58% |
| 2026-09-03 | 48.58% |
| 2026-09-02 | 48.58% |
| 2026-09-01 | 48.57% |
| 2026-08-31 | 48.58% |
| 2026-08-28 | 48.58% |
| 2026-08-27 | 48.58% |
| 2026-08-26 | 48.58% |
| 2026-08-25 | 48.58% |
| 2026-08-24 | 48.58% |
| 2026-08-21 | 48.58% |
| 2026-08-20 | 48.58% |
| 2026-08-19 | 48.58% |
| 2026-08-18 | 48.58% |
| 2026-08-17 | 48.58% |
| 2026-08-14 | 60.11% |
| 2026-08-13 | 47.97% |
| 2026-08-12 | 47.97% |
| 2026-08-11 | 47.98% |
| 2026-08-10 | 47.98% |
| 2026-08-07 | 47.98% |
| 2026-08-06 | 47.97% |
| 2026-08-05 | 47.97% |
| 2026-08-04 | 47.98% |
| 2026-08-03 | 50.63% |
| 2026-07-31 | 50.63% |
| 2026-07-30 | 50.64% |
| 2026-07-29 | 50.64% |
| 2026-07-28 | 50.64% |
| 2026-07-27 | 50.63% |
| 2026-07-24 | 50.64% |
| 2026-07-23 | 50.63% |
| 2026-07-22 | 50.64% |
| 2026-07-21 | 50.63% |
| 2026-07-20 | 50.63% |
| 2026-07-17 | 50.64% |
| 2026-07-16 | 50.63% |
| 2026-07-15 | 50.64% |
| 2026-07-14 | 50.64% |
| 2026-07-13 | 50.64% |
| 2026-07-10 | 50.63% |
| 2026-07-09 | 50.63% |
| 2026-07-08 | 50.64% |
| 2026-07-07 | 50.64% |
| 2026-07-06 | 50.63% |
| 2026-07-02 | 50.63% |
| 2026-07-01 | 50.63% |
| 2026-06-30 | 50.64% |
| 2026-06-29 | 50.63% |
| 2026-06-26 | 50.64% |
| 2026-06-25 | 50.64% |
| 2026-06-24 | 50.64% |
| 2026-06-23 | 50.64% |
| 2026-06-22 | 50.63% |
| 2026-06-18 | 50.63% |
| 2026-06-17 | 50.63% |
| 2026-06-16 | 50.64% |
| 2026-06-15 | 50.64% |
| 2026-06-12 | 50.63% |
| 2026-06-11 | 50.64% |
| 2026-06-10 | 50.64% |
| 2026-06-09 | 50.63% |
| 2026-06-08 | 50.64% |
| 2026-06-05 | 50.64% |
| 2026-06-04 | 50.64% |
| 2026-06-03 | 50.64% |
| 2026-06-02 | 50.63% |
| 2026-06-01 | 50.63% |
| 2026-05-29 | 50.63% |
| 2026-05-28 | 50.64% |
| 2026-05-27 | 50.64% |
| 2026-05-26 | 50.64% |
| 2026-05-22 | 50.64% |
| 2026-05-21 | 50.63% |
| 2026-05-20 | 50.63% |
| 2026-05-19 | 50.63% |
| 2026-05-18 | 50.64% |
| 2026-05-15 | 62.82% |
| 2026-05-14 | 50.00% |
| 2026-05-13 | 50.01% |
| 2026-05-12 | 49.99% |
| 2026-05-11 | 50.00% |
| 2026-05-08 | 50.01% |
| 2026-05-07 | 49.99% |
| 2026-05-06 | 50.00% |
| 2026-05-05 | 50.00% |
| 2026-05-04 | 52.97% |
| 2026-05-01 | 52.96% |
| 2026-04-30 | 52.97% |
| 2026-04-29 | 52.97% |
| 2026-04-28 | 52.96% |
| 2026-04-27 | 52.97% |
| 2026-04-24 | 52.96% |
| 2026-04-23 | 52.97% |
| 2026-04-22 | 52.97% |
| 2026-04-21 | 52.96% |
| 2026-04-20 | 52.96% |
| 2026-04-17 | 52.96% |
| 2026-04-16 | 52.96% |
| 2026-04-15 | 52.97% |
| 2026-04-14 | 52.96% |
| 2026-04-13 | 52.96% |
| 2026-04-10 | 52.96% |
| 2026-04-09 | 52.96% |
| 2026-04-08 | 52.96% |
| 2026-04-07 | 52.97% |
| 2026-04-06 | 52.96% |
| 2026-04-02 | 52.97% |
| 2026-04-01 | 52.96% |
| 2026-03-31 | 52.96% |
| 2026-03-30 | 52.96% |
| 2026-03-27 | 52.97% |
| 2026-03-26 | 52.96% |
| 2026-03-25 | 52.96% |
| 2026-03-24 | 52.96% |
| 2026-03-23 | 52.96% |
| 2026-03-20 | 52.96% |
| 2026-03-19 | 52.97% |
| 2026-03-18 | 52.96% |
| 2026-03-17 | 52.96% |
| 2026-03-16 | 52.97% |
| 2026-03-13 | 52.96% |
| 2026-03-12 | 52.97% |
| 2026-03-11 | 52.96% |
| 2026-03-10 | 52.96% |
| 2026-03-09 | 52.96% |
| 2026-03-06 | 52.97% |
| 2026-03-05 | 52.96% |
| 2026-03-04 | 52.96% |
| 2026-03-03 | 52.97% |
| 2026-03-02 | 52.96% |
| 2026-02-27 | 52.97% |
| 2026-02-26 | 52.96% |
| 2026-02-25 | 52.96% |
| 2026-02-24 | 52.96% |
| 2026-02-23 | 52.97% |
| 2026-02-20 | 52.97% |
| 2026-02-19 | 52.96% |
| 2026-02-18 | 52.96% |
| 2026-02-17 | 52.96% |
| 2026-02-13 | 65.87% |
| 2026-02-12 | 52.29% |
| 2026-02-11 | 52.29% |
| 2026-02-10 | 52.28% |
| 2026-02-09 | 52.29% |
| 2026-02-06 | 52.29% |
| 2026-02-05 | 52.28% |
| 2026-02-04 | 52.30% |
| 2026-02-03 | 52.29% |
| 2026-02-02 | 52.88% |
| 2026-01-30 | 52.88% |
| 2026-01-29 | 52.88% |
| 2026-01-28 | 52.88% |
| 2026-01-27 | 52.88% |
| 2026-01-26 | 52.87% |
| 2026-01-23 | 52.89% |
| 2026-01-22 | 52.88% |
| 2026-01-21 | 52.88% |
| 2026-01-20 | 52.89% |
| 2026-01-16 | 52.89% |
| 2026-01-15 | 52.88% |
| 2026-01-14 | 52.88% |
| 2026-01-13 | 52.89% |
| 2026-01-12 | 52.88% |
| 2026-01-09 | 52.87% |
| 2026-01-08 | 52.88% |
| 2026-01-07 | 52.88% |
| 2026-01-06 | 52.89% |
| 2026-01-05 | 52.88% |
| 2026-01-02 | 52.88% |
| 2025-12-31 | 52.87% |
| 2025-12-30 | 52.88% |
| 2025-12-29 | 52.88% |
| 2025-12-26 | 52.87% |
| 2025-12-24 | 52.88% |
| 2025-12-23 | 52.88% |
| 2025-12-22 | 52.89% |
| 2025-12-19 | 52.88% |
| 2025-12-18 | 52.89% |
| 2025-12-17 | 52.89% |
| 2025-12-16 | 52.88% |
| 2025-12-15 | 52.88% |
| 2025-12-12 | 52.87% |
| 2025-12-11 | 52.88% |
| 2025-12-10 | 52.89% |
| 2025-12-09 | 52.88% |
| 2025-12-08 | 52.88% |
| 2025-12-05 | 52.88% |
| 2025-12-04 | 52.87% |
| 2025-12-03 | 52.88% |
| 2025-12-02 | 52.89% |
| 2025-12-01 | 52.88% |
| 2025-11-28 | 52.88% |
| 2025-11-26 | 52.88% |
| 2025-11-25 | 52.87% |
| 2025-11-24 | 52.88% |
| 2025-11-21 | 52.88% |
| 2025-11-20 | 52.88% |
| 2025-11-19 | 52.88% |
| 2025-11-18 | 52.89% |
| 2025-11-17 | 52.88% |
| 2025-11-14 | 65.93% |
| 2025-11-13 | 52.20% |
| 2025-11-12 | 52.21% |
| 2025-11-11 | 52.21% |
| 2025-11-10 | 52.20% |
| 2025-11-07 | 45.35% |
| 2025-11-06 | 45.35% |
| 2025-11-05 | 45.35% |
| 2025-11-04 | 45.36% |
| 2025-11-03 | 45.36% |
| 2025-10-31 | 45.35% |
| 2025-10-30 | 45.36% |
| 2025-10-29 | 45.36% |
| 2025-10-28 | 45.36% |
| 2025-10-27 | 45.35% |
| 2025-10-24 | 45.36% |
| 2025-10-23 | 45.36% |
| 2025-10-22 | 45.36% |
| 2025-10-21 | 45.35% |
| 2025-10-20 | 45.36% |
| 2025-10-17 | 45.36% |
| 2025-10-16 | 45.36% |
| 2025-10-15 | 45.35% |
| 2025-10-14 | 45.35% |
| 2025-10-13 | 45.35% |
| 2025-10-10 | 45.36% |
| 2025-10-09 | 45.35% |
| 2025-10-08 | 45.36% |
| 2025-10-07 | 45.35% |
| 2025-10-06 | 45.36% |
| 2025-10-03 | 45.36% |
| 2025-10-02 | 45.36% |
| 2025-10-01 | 45.36% |
| 2025-09-30 | 45.36% |
| 2025-09-29 | 45.35% |
| 2025-09-26 | 45.35% |
| 2025-09-25 | 45.36% |
| 2025-09-24 | 45.36% |
| 2025-09-23 | 45.36% |
| 2025-09-22 | 45.35% |
| 2025-09-19 | 45.36% |
| 2025-09-18 | 45.35% |
| 2025-09-17 | 45.36% |
| 2025-09-16 | 45.36% |
| 2025-09-15 | 45.35% |
| 2025-09-12 | 45.35% |
| 2025-09-11 | 45.36% |
| 2025-09-10 | 45.35% |
| 2025-09-09 | 45.36% |
| 2025-09-08 | 45.35% |
| 2025-09-05 | 45.35% |
| 2025-09-04 | 45.35% |
| 2025-09-03 | 45.36% |
| 2025-09-02 | 45.35% |
| 2025-08-29 | 45.35% |
| 2025-08-28 | 45.35% |
| 2025-08-27 | 45.36% |
| 2025-08-26 | 45.35% |
| 2025-08-25 | 45.36% |
Showing the most recent 260 of 2,655 data points. The chart above shows the full history.
| $2.00 |
| 61.4% |
| 2019-09-30 | $3.74 | $1.96 | 52.4% |
| 2018-09-30 | $3.49 | $1.94 | 55.7% |
| 2017-09-30 | $2.36 | $1.92 | 81.2% |
| 2016-09-30 | $2.54 | $1.90 | 74.8% |
| 2015-09-30 | $4.02 | $1.88 | 46.7% |
| 2014-09-30 | $3.07 | $1.72 | 56.1% |
| 2013-09-30 | $2.79 | $1.64 | 58.7% |
| 2012-09-30 | $2.69 | $1.60 | 59.4% |
| 2011-09-30 | $3.31 | $1.38 | 41.7% |
| 2010-09-30 | $2.88 | $1.34 | 46.5% |
| 2009-09-30 | $2.29 | $1.32 | 57.6% |
| 2008-09-30 | $3.09 | $1.20 | 38.8% |
| 2007-09-30 | $2.69 | $1.05 | 39.0% |
| 2006-09-30 | $2.26 | $0.89 | 39.4% |
| 2005-09-30 | $1.72 | $0.83 | 48.4% |
| 2004-09-30 | $1.50 | $0.80 | 53.3% |
| 2003-09-30 | $1.30 | $0.79 | 60.5% |
| 2002-09-30 | $0.14 | $0.78 | 553.6% |
| 2001-09-30 | $1.22 | $0.77 | 62.8% |
| 2000-09-30 | $1.67 | $0.71 | 42.8% |
| 1999-09-30 | $1.52 | $0.65 | 42.8% |
| 1998-09-30 | $1.40 | $0.59 | 42.1% |
| 1997-09-30 | $1.26 | $0.54 | 42.9% |
| 1996-09-30 | $1.14 | $0.49 | 43.0% |
