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 144.98% is 19% above its 5-year average of 122.21%, around the middle of its 5-year range (70.91%–184.09%).
As of Wednesday, August 5, 2026. 0.77% above its 12-month average of 143.87%.
Dividend Payout Ratio (144.98%) = TTM Dividends/Share ($6.48) / TTM EPS ($4.47)
DIVIDEND PAYOUT RATIO
144.98%
DIVIDEND PAYOUT RATIO AVG TTM
143.87%
DIVIDEND PAYOUT RATIO AVG 3Y
144.72%
DIVIDEND PAYOUT RATIO AVG 5Y
122.21%
DIVIDEND PAYOUT RATIO AVG 10Y
113.98%
DIVIDEND PAYOUT RATIO AVG 15Y
112.31%
DIVIDEND PAYOUT RATIO AVG 20Y
119.61%
CURRENT VS TTM AVG
+0.77%
CURRENT VS 3Y AVG
+0.18%
CURRENT VS 5Y AVG
+18.63%
CURRENT VS 10Y AVG
+27.21%
CURRENT VS 15Y AVG
+29.10%
CURRENT VS 20Y AVG
+21.21%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $4.59 | $6.48 | 141.2% |
| 2024 | $4.03 | $6.48 | 160.8% |
| 2023 | $4.74 | $5.47 | 115.4% |
| 2022 | $6.41 | $6.00 | 93.6% |
| 2021 | $6.20 | $4.50 | 72.6% |
| 2020 | $3.71 | $3.60 |
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 |
|---|---|
| 2026-08-04 | 144.98% |
| 2026-08-03 | 144.98% |
| 2026-07-31 | 144.97% |
| 2026-07-30 | 144.98% |
| 2026-07-29 | 144.95% |
| 2026-07-28 | 144.96% |
| 2026-07-27 | 147.26% |
| 2026-07-24 | 147.27% |
| 2026-07-23 | 147.27% |
| 2026-07-22 | 147.29% |
| 2026-07-21 | 147.27% |
| 2026-07-20 | 147.26% |
| 2026-07-17 | 147.26% |
| 2026-07-16 | 147.29% |
| 2026-07-15 | 147.26% |
| 2026-07-14 | 147.28% |
| 2026-07-13 | 147.28% |
| 2026-07-10 | 147.28% |
| 2026-07-09 | 147.29% |
| 2026-07-08 | 147.30% |
| 2026-07-07 | 147.29% |
| 2026-07-06 | 147.26% |
| 2026-07-02 | 147.27% |
| 2026-07-01 | 147.29% |
| 2026-06-30 | 147.26% |
| 2026-06-29 | 147.29% |
| 2026-06-26 | 147.27% |
| 2026-06-25 | 147.26% |
| 2026-06-24 | 147.27% |
| 2026-06-23 | 147.26% |
| 2026-06-22 | 147.27% |
| 2026-06-18 | 147.27% |
| 2026-06-17 | 147.28% |
| 2026-06-16 | 147.26% |
| 2026-06-15 | 184.09% |
| 2026-06-12 | 147.28% |
| 2026-06-11 | 147.27% |
| 2026-06-10 | 147.27% |
| 2026-06-09 | 147.28% |
| 2026-06-08 | 147.25% |
| 2026-06-05 | 147.30% |
| 2026-06-04 | 147.26% |
| 2026-06-03 | 147.28% |
| 2026-06-02 | 147.28% |
| 2026-06-01 | 147.27% |
| 2026-05-29 | 147.28% |
| 2026-05-28 | 147.28% |
| 2026-05-27 | 147.30% |
| 2026-05-26 | 147.30% |
| 2026-05-22 | 147.28% |
| 2026-05-21 | 147.29% |
| 2026-05-20 | 147.27% |
| 2026-05-19 | 147.28% |
| 2026-05-18 | 147.26% |
| 2026-05-15 | 147.26% |
| 2026-05-14 | 147.29% |
| 2026-05-13 | 147.29% |
| 2026-05-12 | 147.29% |
| 2026-05-11 | 147.28% |
| 2026-05-08 | 147.28% |
| 2026-05-07 | 147.27% |
| 2026-05-06 | 147.26% |
| 2026-05-05 | 147.27% |
| 2026-05-04 | 147.29% |
| 2026-05-01 | 147.29% |
| 2026-04-30 | 142.73% |
| 2026-04-29 | 142.71% |
| 2026-04-28 | 142.72% |
| 2026-04-27 | 142.75% |
| 2026-04-24 | 142.74% |
| 2026-04-23 | 142.72% |
| 2026-04-22 | 142.73% |
| 2026-04-21 | 142.74% |
| 2026-04-20 | 142.74% |
| 2026-04-17 | 142.74% |
| 2026-04-16 | 142.74% |
| 2026-04-15 | 142.73% |
| 2026-04-14 | 142.72% |
| 2026-04-13 | 142.72% |
| 2026-04-10 | 142.74% |
| 2026-04-09 | 142.72% |
| 2026-04-08 | 142.75% |
| 2026-04-07 | 142.71% |
| 2026-04-06 | 142.74% |
| 2026-04-02 | 142.71% |
| 2026-04-01 | 142.72% |
| 2026-03-31 | 142.72% |
| 2026-03-30 | 142.75% |
| 2026-03-27 | 142.75% |
| 2026-03-26 | 142.72% |
| 2026-03-25 | 142.72% |
| 2026-03-24 | 142.74% |
| 2026-03-23 | 142.74% |
| 2026-03-20 | 142.72% |
| 2026-03-19 | 142.71% |
| 2026-03-18 | 142.74% |
| 2026-03-17 | 142.75% |
| 2026-03-16 | 142.75% |
| 2026-03-13 | 142.74% |
| 2026-03-12 | 142.75% |
| 2026-03-11 | 142.72% |
| 2026-03-10 | 142.74% |
| 2026-03-09 | 142.72% |
| 2026-03-06 | 142.75% |
| 2026-03-05 | 142.74% |
| 2026-03-04 | 142.74% |
| 2026-03-03 | 142.75% |
| 2026-03-02 | 142.72% |
| 2026-02-27 | 142.75% |
| 2026-02-26 | 142.73% |
| 2026-02-25 | 142.73% |
| 2026-02-24 | 142.73% |
| 2026-02-23 | 142.73% |
| 2026-02-20 | 142.75% |
| 2026-02-19 | 144.65% |
| 2026-02-18 | 144.66% |
| 2026-02-17 | 144.64% |
| 2026-02-13 | 144.64% |
| 2026-02-12 | 144.65% |
| 2026-02-11 | 144.63% |
| 2026-02-10 | 144.64% |
| 2026-02-09 | 144.64% |
| 2026-02-06 | 144.63% |
| 2026-02-05 | 144.62% |
| 2026-02-04 | 144.64% |
| 2026-02-03 | 144.64% |
| 2026-02-02 | 144.65% |
| 2026-01-30 | 144.66% |
| 2026-01-29 | 144.65% |
| 2026-01-28 | 144.66% |
| 2026-01-27 | 144.63% |
| 2026-01-26 | 144.64% |
| 2026-01-23 | 144.65% |
| 2026-01-22 | 144.65% |
| 2026-01-21 | 144.64% |
| 2026-01-20 | 144.62% |
| 2026-01-16 | 144.64% |
| 2026-01-15 | 144.64% |
| 2026-01-14 | 144.63% |
| 2026-01-13 | 144.64% |
| 2026-01-12 | 144.63% |
| 2026-01-09 | 144.64% |
| 2026-01-08 | 144.67% |
| 2026-01-07 | 144.62% |
| 2026-01-06 | 144.66% |
| 2026-01-05 | 144.63% |
| 2026-01-02 | 144.62% |
| 2025-12-31 | 144.66% |
| 2025-12-30 | 144.66% |
| 2025-12-29 | 144.63% |
| 2025-12-26 | 144.62% |
| 2025-12-24 | 144.66% |
| 2025-12-23 | 144.62% |
| 2025-12-22 | 144.66% |
| 2025-12-19 | 144.63% |
| 2025-12-18 | 144.66% |
| 2025-12-17 | 144.66% |
| 2025-12-16 | 144.62% |
| 2025-12-15 | 180.78% |
| 2025-12-12 | 144.65% |
| 2025-12-11 | 144.63% |
| 2025-12-10 | 144.66% |
| 2025-12-09 | 144.65% |
| 2025-12-08 | 144.63% |
| 2025-12-05 | 144.64% |
| 2025-12-04 | 144.64% |
| 2025-12-03 | 144.65% |
| 2025-12-02 | 144.64% |
| 2025-12-01 | 144.64% |
| 2025-11-28 | 144.67% |
| 2025-11-26 | 144.63% |
| 2025-11-25 | 144.66% |
| 2025-11-24 | 144.66% |
| 2025-11-21 | 144.62% |
| 2025-11-20 | 144.63% |
| 2025-11-19 | 144.65% |
| 2025-11-18 | 144.62% |
| 2025-11-17 | 144.64% |
| 2025-11-14 | 144.66% |
| 2025-11-13 | 144.64% |
| 2025-11-12 | 144.62% |
| 2025-11-11 | 144.67% |
| 2025-11-10 | 144.65% |
| 2025-11-07 | 144.65% |
| 2025-11-06 | 144.62% |
| 2025-11-05 | 144.64% |
| 2025-11-04 | 144.62% |
| 2025-11-03 | 144.66% |
| 2025-10-31 | 144.65% |
| 2025-10-30 | 140.56% |
| 2025-10-29 | 140.56% |
| 2025-10-28 | 140.56% |
| 2025-10-27 | 140.56% |
| 2025-10-24 | 140.55% |
| 2025-10-23 | 140.55% |
| 2025-10-22 | 140.56% |
| 2025-10-21 | 140.58% |
| 2025-10-20 | 140.58% |
| 2025-10-17 | 140.56% |
| 2025-10-16 | 140.56% |
| 2025-10-15 | 140.55% |
| 2025-10-14 | 140.57% |
| 2025-10-13 | 140.57% |
| 2025-10-10 | 140.57% |
| 2025-10-09 | 140.58% |
| 2025-10-08 | 140.56% |
| 2025-10-07 | 140.56% |
| 2025-10-06 | 140.56% |
| 2025-10-03 | 140.56% |
| 2025-10-02 | 140.57% |
| 2025-10-01 | 140.55% |
| 2025-09-30 | 140.55% |
| 2025-09-29 | 140.55% |
| 2025-09-26 | 140.56% |
| 2025-09-25 | 140.55% |
| 2025-09-24 | 140.56% |
| 2025-09-23 | 140.54% |
| 2025-09-22 | 140.59% |
| 2025-09-19 | 140.56% |
| 2025-09-18 | 140.55% |
| 2025-09-17 | 140.57% |
| 2025-09-16 | 140.56% |
| 2025-09-15 | 175.72% |
| 2025-09-12 | 140.57% |
| 2025-09-11 | 140.56% |
| 2025-09-10 | 140.55% |
| 2025-09-09 | 140.58% |
| 2025-09-08 | 140.56% |
| 2025-09-05 | 140.57% |
| 2025-09-04 | 140.56% |
| 2025-09-03 | 140.55% |
| 2025-09-02 | 140.59% |
| 2025-08-29 | 140.59% |
| 2025-08-28 | 140.55% |
| 2025-08-27 | 140.57% |
| 2025-08-26 | 140.56% |
| 2025-08-25 | 140.56% |
| 2025-08-22 | 140.59% |
| 2025-08-21 | 140.57% |
| 2025-08-20 | 140.56% |
| 2025-08-19 | 140.56% |
| 2025-08-18 | 140.58% |
| 2025-08-15 | 140.57% |
| 2025-08-14 | 140.57% |
| 2025-08-13 | 140.56% |
| 2025-08-12 | 140.56% |
| 2025-08-11 | 140.54% |
| 2025-08-08 | 140.57% |
| 2025-08-07 | 140.57% |
| 2025-08-06 | 140.58% |
| 2025-08-05 | 140.58% |
| 2025-08-04 | 140.57% |
| 2025-08-01 | 140.58% |
| 2025-07-31 | 150.33% |
| 2025-07-30 | 150.35% |
| 2025-07-29 | 150.37% |
| 2025-07-28 | 150.35% |
| 2025-07-25 | 150.34% |
| 2025-07-24 | 150.34% |
| 2025-07-23 | 150.35% |
Showing the most recent 260 of 2,620 data points. The chart above shows the full history.
| 97.0% |
| 2019 | $3.27 | $3.56 | 108.9% |
| 2018 | $3.28 | $3.36 | 102.4% |
| 2017 | $3.79 | $3.12 | 82.3% |
| 2016 | $2.92 | $2.93 | 100.3% |
| 2015 | $1.58 | $2.24 | 141.8% |
| 2014 | $1.54 | $1.81 | 117.5% |
| 2013 | $1.54 | $1.45 | 94.2% |
| 2012 | $1.15 | $0.85 | 73.9% |
| 2011 | $0.55 | $0.56 | 101.8% |
| 2010 | $0.30 | $0.40 | 133.3% |
| 2009 | $0.37 | $0.38 | 102.7% |
| 2008 | $0.61 | $1.00 | 163.9% |
| 2007 | $0.53 | $0.93 | 175.9% |
| 2006 | $0.27 | $0.91 | 337.0% |
| 2005 | ($0.14) | $0.91 | N/A (Loss) |
| 2004 | ($1.21) | $0.34 | N/A (Loss) |
| 2003 | ($4.43) | $0.00 | N/A (Loss) |
| 2002 | ($2.60) | $0.00 | N/A (Loss) |
| 2001 | ($0.82) | $0.00 | N/A (Loss) |
