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 19.75% is in line with its 5-year average of 19.57%, around the middle of its 5-year range (14.03%–25.25%).
As of Monday, October 5, 2026. 0.45% below its 12-month average of 19.84%.
Dividend Payout Ratio (19.75%) = TTM Dividends/Share ($1.31) / TTM EPS ($6.63)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
19.75%
DIVIDEND PAYOUT RATIO AVG TTM
19.84%
DIVIDEND PAYOUT RATIO AVG 3Y
20.31%
DIVIDEND PAYOUT RATIO AVG 5Y
19.57%
DIVIDEND PAYOUT RATIO AVG 10Y
24.42%
DIVIDEND PAYOUT RATIO AVG 15Y
21.73%
DIVIDEND PAYOUT RATIO AVG 20Y
21.87%
CURRENT VS TTM AVG
-0.45%
CURRENT VS 3Y AVG
-2.77%
CURRENT VS 5Y AVG
+0.90%
CURRENT VS 10Y AVG
-19.12%
CURRENT VS 15Y AVG
-9.12%
CURRENT VS 20Y AVG
-9.70%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $6.06 | $1.16 | 19.1% |
| 2024-12-31 | $5.20 | $1.00 | 19.2% |
| 2023-12-31 | $4.33 | $0.91 | 21.0% |
| 2022-12-31 | $4.75 | $0.79 | 16.6% |
| 2021-12-31 | $4.17 | $0.72 | 17.3% |
| 2020-12-31 | $1.97 |
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 |
|---|---|
| 2026-10-05 | 19.75% |
| 2026-10-02 | 19.76% |
| 2026-10-01 | 19.76% |
| 2026-09-30 | 19.75% |
| 2026-09-29 | 19.76% |
| 2026-09-28 | 19.76% |
| 2026-09-25 | 19.76% |
| 2026-09-24 | 19.76% |
| 2026-09-23 | 19.77% |
| 2026-09-22 | 19.75% |
| 2026-09-21 | 19.75% |
| 2026-09-18 | 19.76% |
| 2026-09-17 | 19.75% |
| 2026-09-16 | 19.76% |
| 2026-09-15 | 19.76% |
| 2026-09-14 | 19.75% |
| 2026-09-11 | 19.75% |
| 2026-09-10 | 19.76% |
| 2026-09-09 | 19.76% |
| 2026-09-08 | 19.77% |
| 2026-09-04 | 19.75% |
| 2026-09-03 | 19.77% |
| 2026-09-02 | 19.76% |
| 2026-09-01 | 19.76% |
| 2026-08-31 | 19.76% |
| 2026-08-28 | 19.77% |
| 2026-08-27 | 19.76% |
| 2026-08-26 | 19.75% |
| 2026-08-25 | 19.76% |
| 2026-08-24 | 19.76% |
| 2026-08-21 | 19.76% |
| 2026-08-20 | 19.76% |
| 2026-08-19 | 19.75% |
| 2026-08-18 | 19.76% |
| 2026-08-17 | 19.76% |
| 2026-08-14 | 19.77% |
| 2026-08-13 | 19.75% |
| 2026-08-12 | 19.75% |
| 2026-08-11 | 14.64% |
| 2026-08-10 | 19.00% |
| 2026-08-07 | 19.01% |
| 2026-08-06 | 19.00% |
| 2026-08-05 | 19.01% |
| 2026-08-04 | 19.01% |
| 2026-08-03 | 19.00% |
| 2026-07-31 | 20.51% |
| 2026-07-30 | 20.51% |
| 2026-07-29 | 20.53% |
| 2026-07-28 | 20.53% |
| 2026-07-27 | 20.52% |
| 2026-07-24 | 20.52% |
| 2026-07-23 | 20.52% |
| 2026-07-22 | 20.52% |
| 2026-07-21 | 20.52% |
| 2026-07-20 | 20.53% |
| 2026-07-17 | 20.52% |
| 2026-07-16 | 20.53% |
| 2026-07-15 | 20.51% |
| 2026-07-14 | 20.52% |
| 2026-07-13 | 20.51% |
| 2026-07-10 | 20.51% |
| 2026-07-09 | 20.52% |
| 2026-07-08 | 20.52% |
| 2026-07-07 | 20.53% |
| 2026-07-06 | 20.52% |
| 2026-07-02 | 20.52% |
| 2026-07-01 | 20.53% |
| 2026-06-30 | 20.52% |
| 2026-06-29 | 20.51% |
| 2026-06-26 | 20.52% |
| 2026-06-25 | 20.53% |
| 2026-06-24 | 20.52% |
| 2026-06-23 | 20.52% |
| 2026-06-22 | 20.53% |
| 2026-06-18 | 20.53% |
| 2026-06-17 | 20.52% |
| 2026-06-16 | 20.53% |
| 2026-06-15 | 20.53% |
| 2026-06-12 | 20.52% |
| 2026-06-11 | 20.51% |
| 2026-06-10 | 20.53% |
| 2026-06-09 | 20.52% |
| 2026-06-08 | 20.51% |
| 2026-06-05 | 20.53% |
| 2026-06-04 | 20.53% |
| 2026-06-03 | 20.53% |
| 2026-06-02 | 20.52% |
| 2026-06-01 | 20.52% |
| 2026-05-29 | 20.53% |
| 2026-05-28 | 20.51% |
| 2026-05-27 | 20.53% |
| 2026-05-26 | 20.52% |
| 2026-05-22 | 20.53% |
| 2026-05-21 | 20.52% |
| 2026-05-20 | 20.51% |
| 2026-05-19 | 20.52% |
| 2026-05-18 | 20.51% |
| 2026-05-15 | 20.51% |
| 2026-05-14 | 20.53% |
| 2026-05-13 | 20.51% |
| 2026-05-12 | 20.52% |
| 2026-05-11 | 20.52% |
| 2026-05-08 | 25.25% |
| 2026-05-07 | 25.25% |
| 2026-05-06 | 25.24% |
| 2026-05-05 | 19.72% |
| 2026-05-04 | 19.72% |
| 2026-05-01 | 19.71% |
| 2026-04-30 | 19.70% |
| 2026-04-29 | 19.71% |
| 2026-04-28 | 19.70% |
| 2026-04-27 | 19.71% |
| 2026-04-24 | 20.28% |
| 2026-04-23 | 20.28% |
| 2026-04-22 | 20.26% |
| 2026-04-21 | 20.27% |
| 2026-04-20 | 20.27% |
| 2026-04-17 | 20.27% |
| 2026-04-16 | 20.28% |
| 2026-04-15 | 20.27% |
| 2026-04-14 | 20.27% |
| 2026-04-13 | 20.28% |
| 2026-04-10 | 20.28% |
| 2026-04-09 | 20.27% |
| 2026-04-08 | 20.27% |
| 2026-04-07 | 20.26% |
| 2026-04-06 | 20.26% |
| 2026-04-02 | 20.26% |
| 2026-04-01 | 20.28% |
| 2026-03-31 | 20.26% |
| 2026-03-30 | 20.26% |
| 2026-03-27 | 20.28% |
| 2026-03-26 | 20.26% |
| 2026-03-25 | 20.27% |
| 2026-03-24 | 20.26% |
| 2026-03-23 | 20.26% |
| 2026-03-20 | 20.27% |
| 2026-03-19 | 20.26% |
| 2026-03-18 | 20.28% |
| 2026-03-17 | 20.28% |
| 2026-03-16 | 20.28% |
| 2026-03-13 | 20.28% |
| 2026-03-12 | 20.26% |
| 2026-03-11 | 20.28% |
| 2026-03-10 | 20.27% |
| 2026-03-09 | 20.28% |
| 2026-03-06 | 20.26% |
| 2026-03-05 | 20.28% |
| 2026-03-04 | 20.28% |
| 2026-03-03 | 20.26% |
| 2026-03-02 | 20.27% |
| 2026-02-27 | 20.26% |
| 2026-02-26 | 20.27% |
| 2026-02-25 | 19.91% |
| 2026-02-24 | 19.91% |
| 2026-02-23 | 19.89% |
| 2026-02-20 | 19.91% |
| 2026-02-19 | 19.90% |
| 2026-02-18 | 19.89% |
| 2026-02-17 | 19.91% |
| 2026-02-13 | 24.67% |
| 2026-02-12 | 19.09% |
| 2026-02-11 | 19.09% |
| 2026-02-10 | 19.08% |
| 2026-02-09 | 19.07% |
| 2026-02-06 | 19.07% |
| 2026-02-05 | 19.08% |
| 2026-02-04 | 19.08% |
| 2026-02-03 | 19.08% |
| 2026-02-02 | 19.08% |
| 2026-01-30 | 19.08% |
| 2026-01-29 | 19.08% |
| 2026-01-28 | 19.08% |
| 2026-01-27 | 19.08% |
| 2026-01-26 | 19.08% |
| 2026-01-23 | 19.07% |
| 2026-01-22 | 19.08% |
| 2026-01-21 | 19.08% |
| 2026-01-20 | 19.07% |
| 2026-01-16 | 19.08% |
| 2026-01-15 | 19.08% |
| 2026-01-14 | 19.08% |
| 2026-01-13 | 19.07% |
| 2026-01-12 | 19.07% |
| 2026-01-09 | 19.07% |
| 2026-01-08 | 19.08% |
| 2026-01-07 | 19.08% |
| 2026-01-06 | 19.08% |
| 2026-01-05 | 19.08% |
| 2026-01-02 | 19.07% |
| 2025-12-31 | 19.08% |
| 2025-12-30 | 19.08% |
| 2025-12-29 | 19.08% |
| 2025-12-26 | 19.08% |
| 2025-12-24 | 19.07% |
| 2025-12-23 | 19.08% |
| 2025-12-22 | 19.08% |
| 2025-12-19 | 19.07% |
| 2025-12-18 | 19.07% |
| 2025-12-17 | 19.07% |
| 2025-12-16 | 19.08% |
| 2025-12-15 | 19.07% |
| 2025-12-12 | 19.07% |
| 2025-12-11 | 19.09% |
| 2025-12-10 | 19.07% |
| 2025-12-09 | 19.07% |
| 2025-12-08 | 19.08% |
| 2025-12-05 | 19.08% |
| 2025-12-04 | 19.08% |
| 2025-12-03 | 19.07% |
| 2025-12-02 | 19.08% |
| 2025-12-01 | 19.07% |
| 2025-11-28 | 19.08% |
| 2025-11-26 | 19.08% |
| 2025-11-25 | 19.08% |
| 2025-11-24 | 19.09% |
| 2025-11-21 | 19.09% |
| 2025-11-20 | 19.07% |
| 2025-11-19 | 19.08% |
| 2025-11-18 | 14.30% |
| 2025-11-17 | 14.31% |
| 2025-11-14 | 14.31% |
| 2025-11-13 | 14.30% |
| 2025-11-12 | 14.31% |
| 2025-11-11 | 14.32% |
| 2025-11-10 | 14.31% |
| 2025-11-07 | 14.30% |
| 2025-11-06 | 18.41% |
| 2025-11-05 | 18.42% |
| 2025-11-04 | 18.43% |
| 2025-11-03 | 18.42% |
| 2025-10-31 | 19.94% |
| 2025-10-30 | 19.93% |
| 2025-10-29 | 19.92% |
| 2025-10-28 | 19.92% |
| 2025-10-27 | 19.93% |
| 2025-10-24 | 19.94% |
| 2025-10-23 | 19.92% |
| 2025-10-22 | 19.94% |
| 2025-10-21 | 19.93% |
| 2025-10-20 | 19.94% |
| 2025-10-17 | 19.93% |
| 2025-10-16 | 19.92% |
| 2025-10-15 | 19.93% |
| 2025-10-14 | 19.93% |
| 2025-10-13 | 19.94% |
| 2025-10-10 | 19.93% |
| 2025-10-09 | 19.93% |
| 2025-10-08 | 19.92% |
| 2025-10-07 | 19.92% |
| 2025-10-06 | 19.92% |
| 2025-10-03 | 19.94% |
| 2025-10-02 | 19.93% |
| 2025-10-01 | 19.93% |
| 2025-09-30 | 19.93% |
| 2025-09-29 | 19.94% |
| 2025-09-26 | 19.93% |
| 2025-09-25 | 19.93% |
| 2025-09-24 | 19.94% |
| 2025-09-23 | 19.93% |
Showing the most recent 260 of 2,621 data points. The chart above shows the full history.
| $0.66 |
| 33.5% |
| 2019-12-31 | $2.68 | $0.60 | 22.4% |
| 2018-12-31 | $1.86 | $0.56 | 30.1% |
| 2017-12-31 | $1.36 | $0.52 | 38.2% |
| 2016-12-31 | $1.71 | $0.48 | 28.1% |
| 2015-12-31 | $1.90 | $0.44 | 23.2% |
| 2014-12-31 | $1.76 | $0.42 | 23.9% |
| 2013-12-31 | $1.75 | $0.28 | 16.0% |
| 2012-12-31 | $1.65 | $0.14 | 8.5% |
| 2011-12-31 | $1.62 | $0.14 | 8.6% |
| 2010-12-31 | $0.19 | $0.14 | 73.7% |
| 2009-12-31 | $0.21 | $0.14 | 66.7% |
| 2008-12-31 | $0.62 | $0.14 | 22.6% |
| 2007-12-31 | $0.67 | $0.13 | 19.4% |
| 2006-12-31 | $0.76 | $0.12 | 15.8% |
| 2005-12-31 | $0.98 | $0.03 | 3.1% |
