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 122.38% is 18% above its 5-year average of 103.31%, around the middle of its 5-year range (70.25%–156.57%).
As of Saturday, August 8, 2026. 21.45% above its 12-month average of 100.77%.
Dividend Payout Ratio (122.38%) = TTM Dividends/Share ($2.79) / TTM EPS ($2.28)
DIVIDEND PAYOUT RATIO
122.38%
DIVIDEND PAYOUT RATIO AVG TTM
100.77%
DIVIDEND PAYOUT RATIO AVG 3Y
105.24%
DIVIDEND PAYOUT RATIO AVG 5Y
101.06%
DIVIDEND PAYOUT RATIO AVG 10Y
104.68%
DIVIDEND PAYOUT RATIO AVG 15Y
98.41%
DIVIDEND PAYOUT RATIO AVG 20Y
95.92%
CURRENT VS TTM AVG
+21.45%
CURRENT VS 3Y AVG
+16.29%
CURRENT VS 5Y AVG
+21.10%
CURRENT VS 10Y AVG
+16.91%
CURRENT VS 15Y AVG
+24.36%
CURRENT VS 20Y AVG
+27.58%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $2.97 | $2.75 | 92.7% |
| 2024 | $2.73 | $2.03 | 74.2% |
| 2023 | $2.20 | $2.65 | 120.5% |
| 2022 | $2.06 | $2.50 | 121.4% |
| 2021 | $3.56 | $2.41 | 67.7% |
| 2020 | $2.36 | $2.41 |
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 |
|---|---|
| 2026-08-07 | 122.38% |
| 2026-08-06 | 122.35% |
| 2026-08-05 | 122.37% |
| 2026-08-04 | 122.37% |
| 2026-08-03 | 122.39% |
| 2026-07-31 | 122.35% |
| 2026-07-30 | 122.37% |
| 2026-07-29 | 112.49% |
| 2026-07-28 | 112.52% |
| 2026-07-27 | 112.49% |
| 2026-07-24 | 112.49% |
| 2026-07-23 | 112.49% |
| 2026-07-22 | 112.52% |
| 2026-07-21 | 112.52% |
| 2026-07-20 | 112.49% |
| 2026-07-17 | 112.49% |
| 2026-07-16 | 112.52% |
| 2026-07-15 | 112.48% |
| 2026-07-14 | 112.50% |
| 2026-07-13 | 112.49% |
| 2026-07-10 | 112.51% |
| 2026-07-09 | 112.52% |
| 2026-07-08 | 112.48% |
| 2026-07-07 | 112.51% |
| 2026-07-06 | 112.51% |
| 2026-07-02 | 112.51% |
| 2026-07-01 | 112.49% |
| 2026-06-30 | 112.50% |
| 2026-06-29 | 112.51% |
| 2026-06-26 | 84.17% |
| 2026-06-25 | 84.16% |
| 2026-06-24 | 84.17% |
| 2026-06-23 | 112.09% |
| 2026-06-22 | 112.09% |
| 2026-06-18 | 112.08% |
| 2026-06-17 | 112.09% |
| 2026-06-16 | 112.08% |
| 2026-06-15 | 112.12% |
| 2026-06-12 | 112.08% |
| 2026-06-11 | 112.08% |
| 2026-06-10 | 112.09% |
| 2026-06-09 | 112.08% |
| 2026-06-08 | 112.08% |
| 2026-06-05 | 112.11% |
| 2026-06-04 | 112.10% |
| 2026-06-03 | 112.10% |
| 2026-06-02 | 112.11% |
| 2026-06-01 | 112.11% |
| 2026-05-29 | 112.09% |
| 2026-05-28 | 112.11% |
| 2026-05-27 | 112.11% |
| 2026-05-26 | 112.12% |
| 2026-05-22 | 112.08% |
| 2026-05-21 | 112.11% |
| 2026-05-20 | 112.11% |
| 2026-05-19 | 112.10% |
| 2026-05-18 | 112.08% |
| 2026-05-15 | 112.11% |
| 2026-05-14 | 112.11% |
| 2026-05-13 | 112.08% |
| 2026-05-12 | 112.10% |
| 2026-05-11 | 112.12% |
| 2026-05-08 | 112.11% |
| 2026-05-07 | 112.11% |
| 2026-05-06 | 112.11% |
| 2026-05-05 | 112.08% |
| 2026-05-04 | 112.11% |
| 2026-05-01 | 112.10% |
| 2026-04-30 | 112.08% |
| 2026-04-29 | 95.51% |
| 2026-04-28 | 95.54% |
| 2026-04-27 | 95.55% |
| 2026-04-24 | 95.55% |
| 2026-04-23 | 95.54% |
| 2026-04-22 | 95.52% |
| 2026-04-21 | 95.51% |
| 2026-04-20 | 95.54% |
| 2026-04-17 | 95.53% |
| 2026-04-16 | 95.55% |
| 2026-04-15 | 95.55% |
| 2026-04-14 | 95.55% |
| 2026-04-13 | 95.55% |
| 2026-04-10 | 95.53% |
| 2026-04-09 | 95.55% |
| 2026-04-08 | 95.52% |
| 2026-04-07 | 95.53% |
| 2026-04-06 | 95.54% |
| 2026-04-02 | 95.53% |
| 2026-04-01 | 95.51% |
| 2026-03-31 | 95.55% |
| 2026-03-30 | 119.33% |
| 2026-03-27 | 95.19% |
| 2026-03-26 | 95.19% |
| 2026-03-25 | 95.19% |
| 2026-03-24 | 95.18% |
| 2026-03-23 | 95.18% |
| 2026-03-20 | 95.17% |
| 2026-03-19 | 95.18% |
| 2026-03-18 | 95.20% |
| 2026-03-17 | 95.19% |
| 2026-03-16 | 95.19% |
| 2026-03-13 | 95.21% |
| 2026-03-12 | 95.18% |
| 2026-03-11 | 95.17% |
| 2026-03-10 | 95.20% |
| 2026-03-09 | 95.20% |
| 2026-03-06 | 95.17% |
| 2026-03-05 | 95.20% |
| 2026-03-04 | 95.17% |
| 2026-03-03 | 95.17% |
| 2026-03-02 | 95.17% |
| 2026-02-27 | 95.18% |
| 2026-02-26 | 95.17% |
| 2026-02-25 | 95.20% |
| 2026-02-24 | 95.18% |
| 2026-02-23 | 95.19% |
| 2026-02-20 | 95.18% |
| 2026-02-19 | 95.20% |
| 2026-02-18 | 95.18% |
| 2026-02-17 | 95.17% |
| 2026-02-13 | 95.21% |
| 2026-02-12 | 92.04% |
| 2026-02-11 | 92.03% |
| 2026-02-10 | 92.01% |
| 2026-02-09 | 92.05% |
| 2026-02-06 | 92.04% |
| 2026-02-05 | 92.02% |
| 2026-02-04 | 92.04% |
| 2026-02-03 | 92.03% |
| 2026-02-02 | 92.03% |
| 2026-01-30 | 92.01% |
| 2026-01-29 | 92.02% |
| 2026-01-28 | 92.04% |
| 2026-01-27 | 92.04% |
| 2026-01-26 | 92.04% |
| 2026-01-23 | 92.04% |
| 2026-01-22 | 92.02% |
| 2026-01-21 | 92.02% |
| 2026-01-20 | 92.02% |
| 2026-01-16 | 92.02% |
| 2026-01-15 | 92.02% |
| 2026-01-14 | 92.02% |
| 2026-01-13 | 92.04% |
| 2026-01-12 | 92.03% |
| 2026-01-09 | 92.03% |
| 2026-01-08 | 92.04% |
| 2026-01-07 | 92.04% |
| 2026-01-06 | 92.01% |
| 2026-01-05 | 92.03% |
| 2026-01-02 | 92.04% |
| 2025-12-31 | 91.43% |
| 2025-12-30 | 91.46% |
| 2025-12-29 | 91.43% |
| 2025-12-26 | 91.44% |
| 2025-12-24 | 91.44% |
| 2025-12-23 | 91.46% |
| 2025-12-22 | 91.43% |
| 2025-12-19 | 91.45% |
| 2025-12-18 | 91.45% |
| 2025-12-17 | 91.44% |
| 2025-12-16 | 91.46% |
| 2025-12-15 | 91.45% |
| 2025-12-12 | 91.45% |
| 2025-12-11 | 91.43% |
| 2025-12-10 | 91.46% |
| 2025-12-09 | 91.44% |
| 2025-12-08 | 91.43% |
| 2025-12-05 | 91.46% |
| 2025-12-04 | 91.45% |
| 2025-12-03 | 91.45% |
| 2025-12-02 | 91.44% |
| 2025-12-01 | 91.44% |
| 2025-11-28 | 91.42% |
| 2025-11-26 | 91.45% |
| 2025-11-25 | 91.45% |
| 2025-11-24 | 91.46% |
| 2025-11-21 | 91.46% |
| 2025-11-20 | 91.42% |
| 2025-11-19 | 91.44% |
| 2025-11-18 | 91.44% |
| 2025-11-17 | 91.45% |
| 2025-11-14 | 91.44% |
| 2025-11-13 | 91.42% |
| 2025-11-12 | 91.46% |
| 2025-11-11 | 91.46% |
| 2025-11-10 | 91.44% |
| 2025-11-07 | 91.46% |
| 2025-11-06 | 91.44% |
| 2025-11-05 | 91.46% |
| 2025-11-04 | 91.46% |
| 2025-11-03 | 91.45% |
| 2025-10-31 | 91.46% |
| 2025-10-30 | 91.46% |
| 2025-10-29 | 103.87% |
| 2025-10-28 | 103.86% |
| 2025-10-27 | 103.87% |
| 2025-10-24 | 103.86% |
| 2025-10-23 | 103.88% |
| 2025-10-22 | 103.86% |
| 2025-10-21 | 103.89% |
| 2025-10-20 | 103.88% |
| 2025-10-17 | 103.89% |
| 2025-10-16 | 103.88% |
| 2025-10-15 | 103.87% |
| 2025-10-14 | 103.87% |
| 2025-10-13 | 103.87% |
| 2025-10-10 | 103.86% |
| 2025-10-09 | 103.85% |
| 2025-10-08 | 103.86% |
| 2025-10-07 | 103.85% |
| 2025-10-06 | 103.87% |
| 2025-10-03 | 103.88% |
| 2025-10-02 | 103.85% |
| 2025-10-01 | 103.87% |
| 2025-09-30 | 103.88% |
| 2025-09-29 | 103.88% |
| 2025-09-26 | 103.86% |
| 2025-09-25 | 103.86% |
| 2025-09-24 | 77.74% |
| 2025-09-23 | 103.19% |
| 2025-09-22 | 103.22% |
| 2025-09-19 | 103.22% |
| 2025-09-18 | 103.21% |
| 2025-09-17 | 103.21% |
| 2025-09-16 | 103.19% |
| 2025-09-15 | 103.19% |
| 2025-09-12 | 103.20% |
| 2025-09-11 | 103.20% |
| 2025-09-10 | 103.20% |
| 2025-09-09 | 103.21% |
| 2025-09-08 | 103.20% |
| 2025-09-05 | 103.20% |
| 2025-09-04 | 103.20% |
| 2025-09-03 | 103.19% |
| 2025-09-02 | 103.19% |
| 2025-08-29 | 103.20% |
| 2025-08-28 | 103.22% |
| 2025-08-27 | 103.20% |
| 2025-08-26 | 103.20% |
| 2025-08-25 | 103.20% |
| 2025-08-22 | 103.22% |
| 2025-08-21 | 103.20% |
| 2025-08-20 | 103.20% |
| 2025-08-19 | 103.22% |
| 2025-08-18 | 103.19% |
| 2025-08-15 | 103.22% |
| 2025-08-14 | 103.22% |
| 2025-08-13 | 103.22% |
| 2025-08-12 | 103.21% |
| 2025-08-11 | 103.21% |
| 2025-08-08 | 103.21% |
| 2025-08-07 | 103.21% |
| 2025-08-06 | 103.19% |
| 2025-08-05 | 105.20% |
| 2025-08-04 | 105.18% |
| 2025-08-01 | 105.17% |
| 2025-07-31 | 105.20% |
| 2025-07-30 | 105.21% |
| 2025-07-29 | 105.20% |
| 2025-07-28 | 105.21% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 102.1% |
| 2019 | $2.61 | $2.27 | 87.0% |
| 2018 | $1.79 | $2.16 | 120.7% |
| 2017 | $1.64 | $2.02 | 122.9% |
| 2016 | $11.76 | $9.51 | 80.9% |
| 2015 | $2.39 | $2.21 | 92.4% |
| 2014 | $1.75 | $2.00 | 114.3% |
| 2013 | $5.17 | $1.85 | 35.8% |
| 2012 | $2.78 | $1.78 | 64.0% |
| 2011 | $3.03 | $1.58 | 52.2% |
| 2010 | $1.00 | $1.47 | 147.1% |
| 2009 | $1.32 | $1.64 | 124.2% |
| 2008 | $1.56 | $1.93 | 123.7% |
| 2007 | $3.54 | $1.87 | 52.8% |
| 2006 | $3.70 | $1.79 | 48.4% |
| 2005 | $3.02 | $1.74 | 57.6% |
| 2004 | $1.69 | $1.73 | 102.4% |
| 2003 | $2.00 | $1.73 | 86.5% |
| 2002 | $1.55 | $1.73 | 111.6% |
| 2001 | $1.77 | $1.68 | 94.9% |
| 2000 | $2.12 | $1.57 | 74.3% |
| 1999 | $1.61 | $1.47 | 91.3% |
| 1998 | $1.29 | $1.36 | 105.4% |
| 1997 | $1.34 | $1.16 | 86.3% |
| 1996 | $1.19 | $1.20 | 100.6% |
