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 19.38% is 23% below its 5-year average of 25.21%, near the low end of its 5-year range (11.57%–40.70%).
As of Friday, September 11, 2026. 24.75% below its 12-month average of 25.76%.
Dividend Payout Ratio (19.38%) = TTM Dividends/Share ($3.56) / TTM EPS ($18.34)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
19.38%
DIVIDEND PAYOUT RATIO AVG TTM
25.76%
DIVIDEND PAYOUT RATIO AVG 3Y
25.64%
DIVIDEND PAYOUT RATIO AVG 5Y
25.21%
DIVIDEND PAYOUT RATIO AVG 10Y
21.09%
DIVIDEND PAYOUT RATIO AVG 15Y
17.46%
DIVIDEND PAYOUT RATIO AVG 20Y
15.41%
CURRENT VS TTM AVG
-24.75%
CURRENT VS 3Y AVG
-24.41%
CURRENT VS 5Y AVG
-23.10%
CURRENT VS 10Y AVG
-8.08%
CURRENT VS 15Y AVG
+10.99%
CURRENT VS 20Y AVG
+25.75%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2026-05-31 | $18.55 | $4.67 | 25.2% |
| 2025-05-31 | $16.96 | $4.44 | 26.2% |
| 2024-05-31 | $17.44 | $4.05 | 23.2% |
| 2023-05-31 | $15.61 | $3.70 | 23.7% |
| 2022-05-31 | $14.52 | $2.41 | 16.6% |
| 2021-05-31 | $19.77 |
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 |
|---|---|
| 2026-09-11 | 19.38% |
| 2026-09-10 | 19.38% |
| 2026-09-09 | 19.39% |
| 2026-09-08 | 19.39% |
| 2026-09-04 | 25.76% |
| 2026-09-03 | 25.75% |
| 2026-09-02 | 25.75% |
| 2026-09-01 | 25.75% |
| 2026-08-31 | 25.75% |
| 2026-08-28 | 25.75% |
| 2026-08-27 | 25.75% |
| 2026-08-26 | 25.75% |
| 2026-08-25 | 25.76% |
| 2026-08-24 | 25.75% |
| 2026-08-21 | 25.76% |
| 2026-08-20 | 25.76% |
| 2026-08-19 | 25.76% |
| 2026-08-18 | 25.76% |
| 2026-08-17 | 25.74% |
| 2026-08-14 | 25.76% |
| 2026-08-13 | 25.75% |
| 2026-08-12 | 25.76% |
| 2026-08-11 | 25.75% |
| 2026-08-10 | 25.76% |
| 2026-08-07 | 25.75% |
| 2026-08-06 | 25.75% |
| 2026-08-05 | 25.75% |
| 2026-08-04 | 25.76% |
| 2026-08-03 | 25.75% |
| 2026-07-31 | 25.75% |
| 2026-07-30 | 25.75% |
| 2026-07-29 | 25.76% |
| 2026-07-28 | 25.76% |
| 2026-07-27 | 25.76% |
| 2026-07-24 | 25.75% |
| 2026-07-23 | 25.75% |
| 2026-07-22 | 25.75% |
| 2026-07-21 | 25.76% |
| 2026-07-20 | 25.37% |
| 2026-07-17 | 25.37% |
| 2026-07-16 | 25.37% |
| 2026-07-15 | 25.36% |
| 2026-07-14 | 25.37% |
| 2026-07-13 | 25.37% |
| 2026-07-10 | 25.36% |
| 2026-07-09 | 25.36% |
| 2026-07-08 | 25.37% |
| 2026-07-07 | 25.36% |
| 2026-07-06 | 25.37% |
| 2026-07-02 | 25.36% |
| 2026-07-01 | 25.37% |
| 2026-06-30 | 25.37% |
| 2026-06-29 | 25.37% |
| 2026-06-26 | 25.37% |
| 2026-06-25 | 25.36% |
| 2026-06-24 | 25.37% |
| 2026-06-23 | 25.37% |
| 2026-06-22 | 31.64% |
| 2026-06-18 | 25.08% |
| 2026-06-17 | 25.08% |
| 2026-06-16 | 25.08% |
| 2026-06-15 | 25.08% |
| 2026-06-12 | 25.08% |
| 2026-06-11 | 25.08% |
| 2026-06-10 | 25.09% |
| 2026-06-09 | 25.09% |
| 2026-06-08 | 25.08% |
| 2026-06-05 | 25.09% |
| 2026-06-04 | 25.09% |
| 2026-06-03 | 25.09% |
| 2026-06-02 | 25.08% |
| 2026-06-01 | 25.08% |
| 2026-05-29 | 25.09% |
| 2026-05-28 | 25.08% |
| 2026-05-27 | 25.09% |
| 2026-05-26 | 25.09% |
| 2026-05-22 | 25.09% |
| 2026-05-21 | 25.08% |
| 2026-05-20 | 25.08% |
| 2026-05-19 | 25.09% |
| 2026-05-18 | 25.08% |
| 2026-05-15 | 25.08% |
| 2026-05-14 | 25.08% |
| 2026-05-13 | 25.09% |
| 2026-05-12 | 25.08% |
| 2026-05-11 | 25.09% |
| 2026-05-08 | 25.08% |
| 2026-05-07 | 25.09% |
| 2026-05-06 | 25.08% |
| 2026-05-05 | 25.09% |
| 2026-05-04 | 25.08% |
| 2026-05-01 | 25.09% |
| 2026-04-30 | 25.08% |
| 2026-04-29 | 25.09% |
| 2026-04-28 | 25.09% |
| 2026-04-27 | 25.08% |
| 2026-04-24 | 25.09% |
| 2026-04-23 | 25.08% |
| 2026-04-22 | 25.08% |
| 2026-04-21 | 25.08% |
| 2026-04-20 | 25.08% |
| 2026-04-17 | 25.08% |
| 2026-04-16 | 25.08% |
| 2026-04-15 | 25.08% |
| 2026-04-14 | 25.09% |
| 2026-04-13 | 25.08% |
| 2026-04-10 | 25.09% |
| 2026-04-09 | 25.08% |
| 2026-04-08 | 25.08% |
| 2026-04-07 | 25.08% |
| 2026-04-06 | 25.09% |
| 2026-04-02 | 25.08% |
| 2026-04-01 | 25.08% |
| 2026-03-31 | 25.08% |
| 2026-03-30 | 25.08% |
| 2026-03-27 | 25.09% |
| 2026-03-26 | 25.09% |
| 2026-03-25 | 25.08% |
| 2026-03-24 | 25.09% |
| 2026-03-23 | 25.09% |
| 2026-03-20 | 25.08% |
| 2026-03-19 | 25.90% |
| 2026-03-18 | 25.90% |
| 2026-03-17 | 25.90% |
| 2026-03-16 | 25.91% |
| 2026-03-13 | 25.91% |
| 2026-03-12 | 25.90% |
| 2026-03-11 | 25.90% |
| 2026-03-10 | 25.90% |
| 2026-03-09 | 32.06% |
| 2026-03-06 | 25.58% |
| 2026-03-05 | 25.57% |
| 2026-03-04 | 25.58% |
| 2026-03-03 | 25.57% |
| 2026-03-02 | 25.59% |
| 2026-02-27 | 25.58% |
| 2026-02-26 | 25.58% |
| 2026-02-25 | 25.59% |
| 2026-02-24 | 25.57% |
| 2026-02-23 | 25.59% |
| 2026-02-20 | 25.58% |
| 2026-02-19 | 25.58% |
| 2026-02-18 | 25.58% |
| 2026-02-17 | 25.58% |
| 2026-02-13 | 25.59% |
| 2026-02-12 | 25.58% |
| 2026-02-11 | 25.58% |
| 2026-02-10 | 25.58% |
| 2026-02-09 | 25.58% |
| 2026-02-06 | 25.58% |
| 2026-02-05 | 25.59% |
| 2026-02-04 | 25.58% |
| 2026-02-03 | 25.57% |
| 2026-02-02 | 25.59% |
| 2026-01-30 | 25.58% |
| 2026-01-29 | 25.58% |
| 2026-01-28 | 25.58% |
| 2026-01-27 | 25.58% |
| 2026-01-26 | 25.58% |
| 2026-01-23 | 25.59% |
| 2026-01-22 | 25.59% |
| 2026-01-21 | 25.58% |
| 2026-01-20 | 25.57% |
| 2026-01-16 | 25.57% |
| 2026-01-15 | 25.59% |
| 2026-01-14 | 25.57% |
| 2026-01-13 | 25.58% |
| 2026-01-12 | 25.58% |
| 2026-01-09 | 25.58% |
| 2026-01-08 | 25.58% |
| 2026-01-07 | 25.59% |
| 2026-01-06 | 25.58% |
| 2026-01-05 | 25.59% |
| 2026-01-02 | 25.58% |
| 2025-12-31 | 25.58% |
| 2025-12-30 | 25.58% |
| 2025-12-29 | 25.58% |
| 2025-12-26 | 25.57% |
| 2025-12-24 | 25.59% |
| 2025-12-23 | 25.57% |
| 2025-12-22 | 25.59% |
| 2025-12-19 | 25.59% |
| 2025-12-18 | 26.93% |
| 2025-12-17 | 26.93% |
| 2025-12-16 | 26.93% |
| 2025-12-15 | 26.93% |
| 2025-12-12 | 20.11% |
| 2025-12-11 | 20.11% |
| 2025-12-10 | 20.10% |
| 2025-12-09 | 20.10% |
| 2025-12-08 | 26.58% |
| 2025-12-05 | 26.58% |
| 2025-12-04 | 26.58% |
| 2025-12-03 | 26.58% |
| 2025-12-02 | 26.59% |
| 2025-12-01 | 26.59% |
| 2025-11-28 | 26.59% |
| 2025-11-26 | 26.59% |
| 2025-11-25 | 26.58% |
| 2025-11-24 | 26.59% |
| 2025-11-21 | 26.60% |
| 2025-11-20 | 26.59% |
| 2025-11-19 | 26.58% |
| 2025-11-18 | 26.59% |
| 2025-11-17 | 26.58% |
| 2025-11-14 | 26.59% |
| 2025-11-13 | 26.59% |
| 2025-11-12 | 26.59% |
| 2025-11-11 | 26.58% |
| 2025-11-10 | 26.60% |
| 2025-11-07 | 26.59% |
| 2025-11-06 | 26.59% |
| 2025-11-05 | 26.59% |
| 2025-11-04 | 26.59% |
| 2025-11-03 | 26.58% |
| 2025-10-31 | 26.58% |
| 2025-10-30 | 26.58% |
| 2025-10-29 | 26.58% |
| 2025-10-28 | 26.58% |
| 2025-10-27 | 26.59% |
| 2025-10-24 | 26.60% |
| 2025-10-23 | 26.60% |
| 2025-10-22 | 26.58% |
| 2025-10-21 | 26.60% |
| 2025-10-20 | 26.58% |
| 2025-10-17 | 26.59% |
| 2025-10-16 | 26.59% |
| 2025-10-15 | 26.58% |
| 2025-10-14 | 26.58% |
| 2025-10-13 | 26.60% |
| 2025-10-10 | 26.59% |
| 2025-10-09 | 26.58% |
| 2025-10-08 | 26.59% |
| 2025-10-07 | 26.58% |
| 2025-10-06 | 26.58% |
| 2025-10-03 | 26.59% |
| 2025-10-02 | 26.58% |
| 2025-10-01 | 26.58% |
| 2025-09-30 | 26.60% |
| 2025-09-29 | 26.58% |
| 2025-09-26 | 26.59% |
| 2025-09-25 | 26.58% |
| 2025-09-24 | 26.59% |
| 2025-09-23 | 26.60% |
| 2025-09-22 | 26.59% |
| 2025-09-19 | 26.58% |
| 2025-09-18 | 26.99% |
| 2025-09-17 | 26.98% |
| 2025-09-16 | 26.97% |
| 2025-09-15 | 26.99% |
| 2025-09-12 | 26.98% |
| 2025-09-11 | 26.99% |
| 2025-09-10 | 26.99% |
| 2025-09-09 | 26.98% |
| 2025-09-08 | 33.54% |
| 2025-09-05 | 26.63% |
| 2025-09-04 | 26.64% |
| 2025-09-03 | 26.64% |
| 2025-09-02 | 26.63% |
| 2025-08-29 | 26.63% |
Showing the most recent 260 of 2,507 data points. The chart above shows the full history.
| $2.09 |
| 10.6% |
| 2020-05-31 | $4.92 | $2.09 | 42.5% |
| 2019-05-31 | $2.06 | $2.09 | 101.5% |
| 2018-05-31 | $17.12 | $1.61 | 9.4% |
| 2017-05-31 | $11.24 | $1.29 | 11.4% |
| 2016-05-31 | $6.59 | $0.80 | 12.2% |
| 2015-05-31 | $3.70 | $0.64 | 17.4% |
| 2014-05-31 | $7.56 | $0.48 | 6.4% |
| 2013-05-31 | $8.61 | $0.45 | 5.2% |
| 2012-05-31 | $6.44 | $0.42 | 6.5% |
| 2011-05-31 | $4.61 | $0.39 | 8.4% |
| 2010-05-31 | $3.78 | $0.35 | 9.4% |
| 2009-05-31 | $0.31 | $0.35 | 114.3% |
| 2008-05-31 | $3.64 | $0.32 | 8.8% |
| 2007-05-31 | $6.57 | $0.29 | 4.4% |
| 2006-05-31 | $5.94 | $0.26 | 4.3% |
| 2005-05-31 | $4.81 | $0.23 | 4.7% |
| 2004-05-31 | $2.80 | $0.18 | 6.3% |
| 2003-05-31 | $2.79 | $0.16 | 5.8% |
