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 98.08% is in line with its 5-year average of 104.29%, near the low end of its 5-year range (63.45%–272.58%).
As of Sunday, July 26, 2026. 12.86% above its 12-month average of 86.90%.
Dividend Payout Ratio (98.08%) = TTM Dividends/Share ($1.80) / TTM EPS ($1.84)
DIVIDEND PAYOUT RATIO
98.08%
DIVIDEND PAYOUT RATIO AVG TTM
86.90%
DIVIDEND PAYOUT RATIO AVG 3Y
91.27%
DIVIDEND PAYOUT RATIO AVG 5Y
85.23%
DIVIDEND PAYOUT RATIO AVG 10Y
88.12%
DIVIDEND PAYOUT RATIO AVG 15Y
101.61%
DIVIDEND PAYOUT RATIO AVG 20Y
88.87%
CURRENT VS TTM AVG
+12.86%
CURRENT VS 3Y AVG
+7.46%
CURRENT VS 5Y AVG
+15.07%
CURRENT VS 10Y AVG
+11.30%
CURRENT VS 15Y AVG
-3.48%
CURRENT VS 20Y AVG
+10.36%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $1.77 | $1.76 | 99.4% |
| 2024 | $1.70 | $1.69 | 99.1% |
| 2023 | $1.92 | $1.58 | 82.3% |
| 2022 | $0.71 | $1.56 | 219.7% |
| 2021 | $2.35 | $1.56 | 66.4% |
| 2020 | $1.99 | $1.56 |
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 |
|---|---|
| 2026-07-24 | 98.08% |
| 2026-07-23 | 98.09% |
| 2026-07-22 | 98.08% |
| 2026-07-21 | 98.09% |
| 2026-07-20 | 98.08% |
| 2026-07-17 | 98.07% |
| 2026-07-16 | 98.08% |
| 2026-07-15 | 98.07% |
| 2026-07-14 | 98.10% |
| 2026-07-13 | 98.08% |
| 2026-07-10 | 98.08% |
| 2026-07-09 | 98.07% |
| 2026-07-08 | 98.08% |
| 2026-07-07 | 98.09% |
| 2026-07-06 | 98.09% |
| 2026-07-02 | 98.07% |
| 2026-07-01 | 98.09% |
| 2026-06-30 | 98.06% |
| 2026-06-29 | 98.09% |
| 2026-06-26 | 98.08% |
| 2026-06-25 | 98.08% |
| 2026-06-24 | 98.09% |
| 2026-06-23 | 98.10% |
| 2026-06-22 | 98.08% |
| 2026-06-18 | 98.08% |
| 2026-06-17 | 98.08% |
| 2026-06-16 | 98.08% |
| 2026-06-15 | 98.10% |
| 2026-06-12 | 98.09% |
| 2026-06-11 | 98.08% |
| 2026-06-10 | 98.08% |
| 2026-06-09 | 98.10% |
| 2026-06-08 | 98.09% |
| 2026-06-05 | 98.07% |
| 2026-06-04 | 98.09% |
| 2026-06-03 | 98.06% |
| 2026-06-02 | 98.06% |
| 2026-06-01 | 98.09% |
| 2026-05-29 | 98.09% |
| 2026-05-28 | 98.09% |
| 2026-05-27 | 98.08% |
| 2026-05-26 | 98.07% |
| 2026-05-22 | 98.07% |
| 2026-05-21 | 98.07% |
| 2026-05-20 | 98.08% |
| 2026-05-19 | 98.09% |
| 2026-05-18 | 98.08% |
| 2026-05-15 | 98.09% |
| 2026-05-14 | 98.09% |
| 2026-05-13 | 98.08% |
| 2026-05-12 | 98.07% |
| 2026-05-11 | 98.07% |
| 2026-05-08 | 98.10% |
| 2026-05-07 | 98.07% |
| 2026-05-06 | 96.99% |
| 2026-05-05 | 96.99% |
| 2026-05-04 | 96.99% |
| 2026-05-01 | 97.00% |
| 2026-04-30 | 96.98% |
| 2026-04-29 | 97.00% |
| 2026-04-28 | 97.01% |
| 2026-04-27 | 101.40% |
| 2026-04-24 | 101.41% |
| 2026-04-23 | 101.41% |
| 2026-04-22 | 101.40% |
| 2026-04-21 | 101.42% |
| 2026-04-20 | 101.40% |
| 2026-04-17 | 101.40% |
| 2026-04-16 | 101.42% |
| 2026-04-15 | 101.41% |
| 2026-04-14 | 101.42% |
| 2026-04-13 | 101.43% |
| 2026-04-10 | 101.41% |
| 2026-04-09 | 101.40% |
| 2026-04-08 | 101.40% |
| 2026-04-07 | 101.43% |
| 2026-04-06 | 101.42% |
| 2026-04-02 | 101.40% |
| 2026-04-01 | 101.40% |
| 2026-03-31 | 101.40% |
| 2026-03-30 | 101.43% |
| 2026-03-27 | 101.40% |
| 2026-03-26 | 101.40% |
| 2026-03-25 | 101.40% |
| 2026-03-24 | 101.42% |
| 2026-03-23 | 101.43% |
| 2026-03-20 | 101.39% |
| 2026-03-19 | 101.41% |
| 2026-03-18 | 101.40% |
| 2026-03-17 | 101.43% |
| 2026-03-16 | 101.41% |
| 2026-03-13 | 101.42% |
| 2026-03-12 | 101.40% |
| 2026-03-11 | 101.42% |
| 2026-03-10 | 101.40% |
| 2026-03-09 | 101.40% |
| 2026-03-06 | 101.43% |
| 2026-03-05 | 101.42% |
| 2026-03-04 | 101.40% |
| 2026-03-03 | 101.41% |
| 2026-03-02 | 101.43% |
| 2026-02-27 | 101.42% |
| 2026-02-26 | 101.41% |
| 2026-02-25 | 101.41% |
| 2026-02-24 | 101.41% |
| 2026-02-23 | 101.42% |
| 2026-02-20 | 101.41% |
| 2026-02-19 | 101.41% |
| 2026-02-18 | 101.40% |
| 2026-02-17 | 77.62% |
| 2026-02-13 | 77.63% |
| 2026-02-12 | 77.63% |
| 2026-02-11 | 77.62% |
| 2026-02-10 | 77.63% |
| 2026-02-09 | 77.63% |
| 2026-02-06 | 96.18% |
| 2026-02-05 | 76.74% |
| 2026-02-04 | 76.77% |
| 2026-02-03 | 76.76% |
| 2026-02-02 | 76.74% |
| 2026-01-30 | 76.77% |
| 2026-01-29 | 76.75% |
| 2026-01-28 | 76.77% |
| 2026-01-27 | 76.74% |
| 2026-01-26 | 76.77% |
| 2026-01-23 | 76.77% |
| 2026-01-22 | 76.76% |
| 2026-01-21 | 76.76% |
| 2026-01-20 | 76.75% |
| 2026-01-16 | 76.77% |
| 2026-01-15 | 76.76% |
| 2026-01-14 | 76.77% |
| 2026-01-13 | 76.77% |
| 2026-01-12 | 76.77% |
| 2026-01-09 | 76.75% |
| 2026-01-08 | 76.76% |
| 2026-01-07 | 76.74% |
| 2026-01-06 | 76.77% |
| 2026-01-05 | 76.76% |
| 2026-01-02 | 76.76% |
| 2025-12-31 | 76.74% |
| 2025-12-30 | 76.77% |
| 2025-12-29 | 76.77% |
| 2025-12-26 | 76.76% |
| 2025-12-24 | 76.76% |
| 2025-12-23 | 76.76% |
| 2025-12-22 | 76.75% |
| 2025-12-19 | 76.76% |
| 2025-12-18 | 76.76% |
| 2025-12-17 | 76.77% |
| 2025-12-16 | 76.75% |
| 2025-12-15 | 76.74% |
| 2025-12-12 | 76.75% |
| 2025-12-11 | 76.74% |
| 2025-12-10 | 76.74% |
| 2025-12-09 | 76.74% |
| 2025-12-08 | 76.77% |
| 2025-12-05 | 76.77% |
| 2025-12-04 | 76.77% |
| 2025-12-03 | 76.77% |
| 2025-12-02 | 76.74% |
| 2025-12-01 | 76.76% |
| 2025-11-28 | 76.75% |
| 2025-11-26 | 76.74% |
| 2025-11-25 | 76.75% |
| 2025-11-24 | 76.77% |
| 2025-11-21 | 76.76% |
| 2025-11-20 | 76.76% |
| 2025-11-19 | 76.77% |
| 2025-11-18 | 76.77% |
| 2025-11-17 | 76.77% |
| 2025-11-14 | 76.74% |
| 2025-11-13 | 76.74% |
| 2025-11-12 | 76.74% |
| 2025-11-11 | 76.74% |
| 2025-11-10 | 76.76% |
| 2025-11-07 | 76.77% |
| 2025-11-06 | 75.87% |
| 2025-11-05 | 75.90% |
| 2025-11-04 | 75.90% |
| 2025-11-03 | 75.89% |
| 2025-10-31 | 75.89% |
| 2025-10-30 | 75.89% |
| 2025-10-29 | 75.87% |
| 2025-10-28 | 75.88% |
| 2025-10-27 | 76.88% |
| 2025-10-24 | 76.89% |
| 2025-10-23 | 76.90% |
| 2025-10-22 | 76.90% |
| 2025-10-21 | 76.87% |
| 2025-10-20 | 76.89% |
| 2025-10-17 | 76.91% |
| 2025-10-16 | 76.90% |
| 2025-10-15 | 76.88% |
| 2025-10-14 | 76.88% |
| 2025-10-13 | 76.91% |
| 2025-10-10 | 76.89% |
| 2025-10-09 | 76.88% |
| 2025-10-08 | 76.90% |
| 2025-10-07 | 76.90% |
| 2025-10-06 | 76.89% |
| 2025-10-03 | 76.90% |
| 2025-10-02 | 76.90% |
| 2025-10-01 | 76.87% |
| 2025-09-30 | 76.90% |
| 2025-09-29 | 76.90% |
| 2025-09-26 | 76.91% |
| 2025-09-25 | 76.89% |
| 2025-09-24 | 76.89% |
| 2025-09-23 | 76.87% |
| 2025-09-22 | 76.90% |
| 2025-09-19 | 76.87% |
| 2025-09-18 | 76.88% |
| 2025-09-17 | 76.91% |
| 2025-09-16 | 76.88% |
| 2025-09-15 | 76.88% |
| 2025-09-12 | 76.87% |
| 2025-09-11 | 76.88% |
| 2025-09-10 | 76.90% |
| 2025-09-09 | 76.89% |
| 2025-09-08 | 76.90% |
| 2025-09-05 | 76.88% |
| 2025-09-04 | 76.89% |
| 2025-09-03 | 76.90% |
| 2025-09-02 | 76.89% |
| 2025-08-29 | 76.91% |
| 2025-08-28 | 76.89% |
| 2025-08-27 | 76.88% |
| 2025-08-26 | 76.88% |
| 2025-08-25 | 76.87% |
| 2025-08-22 | 76.89% |
| 2025-08-21 | 76.88% |
| 2025-08-20 | 76.90% |
| 2025-08-19 | 76.90% |
| 2025-08-18 | 76.90% |
| 2025-08-15 | 76.89% |
| 2025-08-14 | 76.88% |
| 2025-08-13 | 76.88% |
| 2025-08-12 | 76.89% |
| 2025-08-11 | 76.90% |
| 2025-08-08 | 76.90% |
| 2025-08-07 | 76.91% |
| 2025-08-06 | 76.02% |
| 2025-08-05 | 76.00% |
| 2025-08-04 | 76.00% |
| 2025-08-01 | 76.02% |
| 2025-07-31 | 75.99% |
| 2025-07-30 | 76.02% |
| 2025-07-29 | 91.35% |
| 2025-07-28 | 91.34% |
| 2025-07-25 | 91.33% |
| 2025-07-24 | 91.36% |
| 2025-07-23 | 91.32% |
| 2025-07-22 | 91.34% |
| 2025-07-21 | 91.36% |
| 2025-07-18 | 91.36% |
| 2025-07-17 | 91.32% |
| 2025-07-16 | 91.33% |
| 2025-07-15 | 91.34% |
| 2025-07-14 | 91.36% |
Showing the most recent 260 of 2,301 data points. The chart above shows the full history.
| 78.4% |
| 2019 | $1.70 | $1.52 | 89.4% |
| 2018 | $1.99 | $1.44 | 72.4% |
| 2017 | ($3.88) | $1.44 | N/A (Loss) |
| 2016 | ($14.49) | $1.44 | N/A (Loss) |
| 2015 | $1.37 | $1.44 | 105.1% |
| 2014 | $0.71 | $1.44 | 202.8% |
| 2013 | $0.94 | $2.20 | 234.0% |
| 2012 | $1.85 | $2.20 | 118.9% |
| 2011 | $2.22 | $2.22 | 100.2% |
| 2010 | $2.44 | $2.20 | 90.2% |
| 2009 | $3.31 | $2.20 | 66.5% |
| 2008 | $4.41 | $2.20 | 49.9% |
| 2007 | $4.27 | $2.00 | 46.8% |
| 2006 | $3.84 | $1.80 | 46.9% |
| 2005 | $2.62 | $1.67 | 63.6% |
| 2004 | $2.68 | $1.50 | 56.0% |
| 2003 | $1.39 | $1.50 | 107.9% |
| 2002 | $1.89 | $1.50 | 79.4% |
| 2001 | $2.82 | $1.68 | 59.7% |
| 2000 | $2.69 | $1.50 | 55.8% |
| 1999 | $2.50 | $1.50 | 60.0% |
| 1998 | $1.82 | $1.50 | 82.4% |
| 1997 | $1.94 | $0.00 | 0.0% |
