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 115.95% is in line with its 5-year average of 112.85%, around the middle of its 5-year range (63.64%–197.28%).
As of Tuesday, July 28, 2026. 26.23% above its 12-month average of 91.86%.
Dividend Payout Ratio (115.95%) = TTM Dividends/Share ($10.32) / TTM EPS ($8.90)
DIVIDEND PAYOUT RATIO
115.95%
DIVIDEND PAYOUT RATIO AVG TTM
91.86%
DIVIDEND PAYOUT RATIO AVG 3Y
101.74%
DIVIDEND PAYOUT RATIO AVG 5Y
112.65%
DIVIDEND PAYOUT RATIO AVG 10Y
112.54%
DIVIDEND PAYOUT RATIO AVG 15Y
121.73%
DIVIDEND PAYOUT RATIO AVG 20Y
127.04%
CURRENT VS TTM AVG
+26.23%
CURRENT VS 3Y AVG
+13.97%
CURRENT VS 5Y AVG
+2.93%
CURRENT VS 10Y AVG
+3.03%
CURRENT VS 15Y AVG
-4.75%
CURRENT VS 20Y AVG
-8.72%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $10.41 | $10.16 | 97.6% |
| 2024 | $11.55 | $7.35 | 63.6% |
| 2023 | $6.32 | $9.24 | 146.2% |
| 2022 | $6.27 | $8.80 | 140.4% |
| 2021 | $7.51 | $8.36 | 111.3% |
| 2020 | $8.69 | $8.31 |
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 |
|---|---|
| 2026-07-27 | 115.95% |
| 2026-07-24 | 115.94% |
| 2026-07-23 | 115.94% |
| 2026-07-22 | 115.96% |
| 2026-07-21 | 115.94% |
| 2026-07-20 | 115.94% |
| 2026-07-17 | 115.94% |
| 2026-07-16 | 115.96% |
| 2026-07-15 | 115.96% |
| 2026-07-14 | 115.96% |
| 2026-07-13 | 115.94% |
| 2026-07-10 | 115.94% |
| 2026-07-09 | 115.95% |
| 2026-07-08 | 115.95% |
| 2026-07-07 | 115.96% |
| 2026-07-06 | 115.94% |
| 2026-07-02 | 115.95% |
| 2026-07-01 | 115.97% |
| 2026-06-30 | 115.94% |
| 2026-06-29 | 115.73% |
| 2026-06-26 | 115.72% |
| 2026-06-25 | 115.74% |
| 2026-06-24 | 115.74% |
| 2026-06-23 | 115.72% |
| 2026-06-22 | 115.72% |
| 2026-06-18 | 115.72% |
| 2026-06-17 | 115.72% |
| 2026-06-16 | 115.72% |
| 2026-06-15 | 115.74% |
| 2026-06-12 | 115.72% |
| 2026-06-11 | 115.74% |
| 2026-06-10 | 115.72% |
| 2026-06-09 | 115.74% |
| 2026-06-08 | 115.75% |
| 2026-06-05 | 115.73% |
| 2026-06-04 | 115.74% |
| 2026-06-03 | 115.72% |
| 2026-06-02 | 115.74% |
| 2026-06-01 | 115.75% |
| 2026-05-29 | 115.72% |
| 2026-05-28 | 115.73% |
| 2026-05-27 | 115.71% |
| 2026-05-26 | 115.72% |
| 2026-05-22 | 115.73% |
| 2026-05-21 | 115.72% |
| 2026-05-20 | 115.72% |
| 2026-05-19 | 115.72% |
| 2026-05-18 | 115.74% |
| 2026-05-15 | 115.74% |
| 2026-05-14 | 115.72% |
| 2026-05-13 | 115.75% |
| 2026-05-12 | 115.71% |
| 2026-05-11 | 115.73% |
| 2026-05-08 | 115.72% |
| 2026-05-07 | 115.72% |
| 2026-05-06 | 115.73% |
| 2026-05-05 | 115.75% |
| 2026-05-04 | 115.74% |
| 2026-05-01 | 115.73% |
| 2026-04-30 | 115.71% |
| 2026-04-29 | 115.74% |
| 2026-04-28 | 98.93% |
| 2026-04-27 | 98.94% |
| 2026-04-24 | 98.94% |
| 2026-04-23 | 98.94% |
| 2026-04-22 | 98.96% |
| 2026-04-21 | 98.95% |
| 2026-04-20 | 98.96% |
| 2026-04-17 | 98.93% |
| 2026-04-16 | 98.93% |
| 2026-04-15 | 98.94% |
| 2026-04-14 | 98.94% |
| 2026-04-13 | 98.92% |
| 2026-04-10 | 98.93% |
| 2026-04-09 | 98.95% |
| 2026-04-08 | 98.95% |
| 2026-04-07 | 98.93% |
| 2026-04-06 | 98.96% |
| 2026-04-02 | 98.94% |
| 2026-04-01 | 98.94% |
| 2026-03-31 | 98.96% |
| 2026-03-30 | 98.77% |
| 2026-03-27 | 98.76% |
| 2026-03-26 | 98.75% |
| 2026-03-25 | 98.75% |
| 2026-03-24 | 98.75% |
| 2026-03-23 | 98.74% |
| 2026-03-20 | 98.74% |
| 2026-03-19 | 98.76% |
| 2026-03-18 | 98.76% |
| 2026-03-17 | 98.76% |
| 2026-03-16 | 98.76% |
| 2026-03-13 | 98.75% |
| 2026-03-12 | 98.76% |
| 2026-03-11 | 98.77% |
| 2026-03-10 | 98.76% |
| 2026-03-09 | 98.76% |
| 2026-03-06 | 98.76% |
| 2026-03-05 | 98.76% |
| 2026-03-04 | 98.76% |
| 2026-03-03 | 98.74% |
| 2026-03-02 | 98.73% |
| 2026-02-27 | 98.77% |
| 2026-02-26 | 98.75% |
| 2026-02-25 | 98.75% |
| 2026-02-24 | 98.74% |
| 2026-02-23 | 98.76% |
| 2026-02-20 | 98.75% |
| 2026-02-19 | 78.06% |
| 2026-02-18 | 78.05% |
| 2026-02-17 | 78.07% |
| 2026-02-13 | 78.05% |
| 2026-02-12 | 78.07% |
| 2026-02-11 | 78.06% |
| 2026-02-10 | 78.05% |
| 2026-02-09 | 78.04% |
| 2026-02-06 | 78.04% |
| 2026-02-05 | 78.07% |
| 2026-02-04 | 78.07% |
| 2026-02-03 | 78.06% |
| 2026-02-02 | 78.07% |
| 2026-01-30 | 78.04% |
| 2026-01-29 | 78.04% |
| 2026-01-28 | 78.06% |
| 2026-01-27 | 78.04% |
| 2026-01-26 | 78.08% |
| 2026-01-23 | 78.05% |
| 2026-01-22 | 78.07% |
| 2026-01-21 | 78.05% |
| 2026-01-20 | 78.07% |
| 2026-01-16 | 78.05% |
| 2026-01-15 | 78.06% |
| 2026-01-14 | 78.04% |
| 2026-01-13 | 78.07% |
| 2026-01-12 | 78.06% |
| 2026-01-09 | 78.06% |
| 2026-01-08 | 78.06% |
| 2026-01-07 | 78.04% |
| 2026-01-06 | 78.04% |
| 2026-01-05 | 78.04% |
| 2026-01-02 | 78.07% |
| 2025-12-31 | 77.15% |
| 2025-12-30 | 77.15% |
| 2025-12-29 | 77.15% |
| 2025-12-26 | 77.16% |
| 2025-12-24 | 77.16% |
| 2025-12-23 | 77.15% |
| 2025-12-22 | 77.16% |
| 2025-12-19 | 77.13% |
| 2025-12-18 | 77.13% |
| 2025-12-17 | 77.15% |
| 2025-12-16 | 77.16% |
| 2025-12-15 | 77.16% |
| 2025-12-12 | 77.14% |
| 2025-12-11 | 77.15% |
| 2025-12-10 | 77.15% |
| 2025-12-09 | 77.15% |
| 2025-12-08 | 77.14% |
| 2025-12-05 | 77.14% |
| 2025-12-04 | 77.16% |
| 2025-12-03 | 77.16% |
| 2025-12-02 | 77.16% |
| 2025-12-01 | 77.14% |
| 2025-11-28 | 77.16% |
| 2025-11-26 | 77.13% |
| 2025-11-25 | 77.15% |
| 2025-11-24 | 77.14% |
| 2025-11-21 | 77.13% |
| 2025-11-20 | 77.15% |
| 2025-11-19 | 77.13% |
| 2025-11-18 | 77.13% |
| 2025-11-17 | 77.16% |
| 2025-11-14 | 77.14% |
| 2025-11-13 | 77.16% |
| 2025-11-12 | 77.15% |
| 2025-11-11 | 77.14% |
| 2025-11-10 | 77.13% |
| 2025-11-07 | 77.13% |
| 2025-11-06 | 77.15% |
| 2025-11-05 | 77.15% |
| 2025-11-04 | 77.14% |
| 2025-11-03 | 77.14% |
| 2025-10-31 | 77.16% |
| 2025-10-30 | 77.15% |
| 2025-10-29 | 81.59% |
| 2025-10-28 | 81.59% |
| 2025-10-27 | 81.61% |
| 2025-10-24 | 81.61% |
| 2025-10-23 | 81.62% |
| 2025-10-22 | 81.60% |
| 2025-10-21 | 81.60% |
| 2025-10-20 | 81.62% |
| 2025-10-17 | 81.59% |
| 2025-10-16 | 81.60% |
| 2025-10-15 | 81.59% |
| 2025-10-14 | 81.59% |
| 2025-10-13 | 81.61% |
| 2025-10-10 | 81.60% |
| 2025-10-09 | 81.62% |
| 2025-10-08 | 81.59% |
| 2025-10-07 | 81.60% |
| 2025-10-06 | 81.60% |
| 2025-10-03 | 81.60% |
| 2025-10-02 | 81.62% |
| 2025-10-01 | 81.60% |
| 2025-09-30 | 81.61% |
| 2025-09-29 | 80.63% |
| 2025-09-26 | 80.64% |
| 2025-09-25 | 80.65% |
| 2025-09-24 | 80.63% |
| 2025-09-23 | 80.63% |
| 2025-09-22 | 80.65% |
| 2025-09-19 | 80.64% |
| 2025-09-18 | 80.65% |
| 2025-09-17 | 80.63% |
| 2025-09-16 | 80.65% |
| 2025-09-15 | 80.66% |
| 2025-09-12 | 80.63% |
| 2025-09-11 | 80.64% |
| 2025-09-10 | 80.66% |
| 2025-09-09 | 80.66% |
| 2025-09-08 | 80.63% |
| 2025-09-05 | 80.66% |
| 2025-09-04 | 80.62% |
| 2025-09-03 | 80.62% |
| 2025-09-02 | 80.64% |
| 2025-08-29 | 80.63% |
| 2025-08-28 | 80.65% |
| 2025-08-27 | 80.66% |
| 2025-08-26 | 80.66% |
| 2025-08-25 | 80.63% |
| 2025-08-22 | 80.66% |
| 2025-08-21 | 80.66% |
| 2025-08-20 | 80.65% |
| 2025-08-19 | 80.63% |
| 2025-08-18 | 80.65% |
| 2025-08-15 | 80.63% |
| 2025-08-14 | 80.65% |
| 2025-08-13 | 80.64% |
| 2025-08-12 | 80.64% |
| 2025-08-11 | 80.65% |
| 2025-08-08 | 80.65% |
| 2025-08-07 | 80.63% |
| 2025-08-06 | 80.63% |
| 2025-08-05 | 80.64% |
| 2025-08-04 | 80.66% |
| 2025-08-01 | 80.64% |
| 2025-07-31 | 80.65% |
| 2025-07-30 | 80.63% |
| 2025-07-29 | 95.99% |
| 2025-07-28 | 95.98% |
| 2025-07-25 | 95.97% |
| 2025-07-24 | 95.99% |
| 2025-07-23 | 95.98% |
| 2025-07-22 | 95.98% |
| 2025-07-21 | 96.00% |
| 2025-07-18 | 95.97% |
| 2025-07-17 | 95.99% |
| 2025-07-16 | 95.99% |
| 2025-07-15 | 95.99% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 95.6% |
| 2019 | $6.67 | $7.80 | 116.9% |
| 2018 | $5.91 | $7.44 | 125.9% |
| 2017 | $6.58 | $7.00 | 106.4% |
| 2016 | $6.28 | $6.40 | 101.9% |
| 2015 | $3.50 | $5.76 | 164.6% |
| 2014 | $2.07 | $5.11 | 246.9% |
| 2013 | $4.05 | $4.84 | 119.5% |
| 2012 | $3.42 | $4.40 | 128.7% |
| 2011 | $1.24 | $4.16 | 335.5% |
| 2010 | $1.14 | $4.13 | 362.3% |
| 2009 | $3.01 | $4.12 | 136.9% |
| 2008 | $2.23 | $4.08 | 183.0% |
| 2007 | $4.34 | $3.72 | 85.7% |
| 2006 | $2.50 | $3.36 | 134.4% |
| 2005 | $3.38 | $3.24 | 95.9% |
| 2004 | $3.39 | $3.16 | 93.2% |
| 2003 | $1.58 | $3.12 | 197.5% |
| 2002 | $2.62 | $3.08 | 117.6% |
| 2001 | $2.63 | $2.80 | 106.5% |
| 2000 | $2.42 | $2.38 | 98.3% |
| 1999 | $2.41 | $2.15 | 89.2% |
| 1998 | $1.37 | $1.95 | 142.3% |
| 1997 | $1.96 | $1.77 | 90.3% |
| 1996 | $1.13 | $1.71 | 151.3% |
