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 31.44% is in line with its 5-year average of 32.11%, around the middle of its 5-year range (22.58%–47.84%).
As of Monday, October 5, 2026. 4.51% below its 12-month average of 32.92%.
Dividend Payout Ratio (31.44%) = TTM Dividends/Share ($1.27) / TTM EPS ($4.04)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
31.44%
DIVIDEND PAYOUT RATIO AVG TTM
32.92%
DIVIDEND PAYOUT RATIO AVG 3Y
34.87%
DIVIDEND PAYOUT RATIO AVG 5Y
32.11%
DIVIDEND PAYOUT RATIO AVG 10Y
36.26%
DIVIDEND PAYOUT RATIO AVG 15Y
37.04%
DIVIDEND PAYOUT RATIO AVG 20Y
35.71%
CURRENT VS TTM AVG
-4.51%
CURRENT VS 3Y AVG
-9.85%
CURRENT VS 5Y AVG
-2.10%
CURRENT VS 10Y AVG
-13.30%
CURRENT VS 15Y AVG
-15.13%
CURRENT VS 20Y AVG
-11.96%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $3.65 | $1.24 | 34.0% |
| 2024-12-31 | ($2.75) | $1.20 | N/A (Loss) |
| 2023-12-31 | $3.17 | $1.20 | 37.9% |
| 2022-12-31 | $3.58 | $1.16 | 32.4% |
| 2021-12-31 | $4.81 | $1.08 | 22.5% |
| 2020-12-31 | $2.30 |
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 | 31.44% |
| 2026-10-02 | 31.45% |
| 2026-10-01 | 31.43% |
| 2026-09-30 | 31.44% |
| 2026-09-29 | 31.45% |
| 2026-09-28 | 31.44% |
| 2026-09-25 | 31.44% |
| 2026-09-24 | 31.45% |
| 2026-09-23 | 31.45% |
| 2026-09-22 | 31.44% |
| 2026-09-21 | 31.43% |
| 2026-09-18 | 31.44% |
| 2026-09-17 | 31.44% |
| 2026-09-16 | 31.44% |
| 2026-09-15 | 31.44% |
| 2026-09-14 | 31.18% |
| 2026-09-11 | 31.19% |
| 2026-09-10 | 31.19% |
| 2026-09-09 | 31.20% |
| 2026-09-08 | 31.19% |
| 2026-09-04 | 31.18% |
| 2026-09-03 | 31.18% |
| 2026-09-02 | 31.19% |
| 2026-09-01 | 31.19% |
| 2026-08-31 | 31.19% |
| 2026-08-28 | 31.19% |
| 2026-08-27 | 31.19% |
| 2026-08-26 | 31.19% |
| 2026-08-25 | 31.17% |
| 2026-08-24 | 31.18% |
| 2026-08-21 | 31.19% |
| 2026-08-20 | 31.20% |
| 2026-08-19 | 31.20% |
| 2026-08-18 | 31.19% |
| 2026-08-17 | 31.20% |
| 2026-08-14 | 31.18% |
| 2026-08-13 | 31.19% |
| 2026-08-12 | 31.18% |
| 2026-08-11 | 31.20% |
| 2026-08-10 | 31.19% |
| 2026-08-07 | 31.19% |
| 2026-08-06 | 31.20% |
| 2026-08-05 | 31.19% |
| 2026-08-04 | 31.19% |
| 2026-08-03 | 32.81% |
| 2026-07-31 | 32.82% |
| 2026-07-30 | 32.80% |
| 2026-07-29 | 32.81% |
| 2026-07-28 | 32.81% |
| 2026-07-27 | 32.81% |
| 2026-07-24 | 32.82% |
| 2026-07-23 | 32.80% |
| 2026-07-22 | 32.82% |
| 2026-07-21 | 32.80% |
| 2026-07-20 | 32.82% |
| 2026-07-17 | 32.81% |
| 2026-07-16 | 32.80% |
| 2026-07-15 | 32.81% |
| 2026-07-14 | 32.82% |
| 2026-07-13 | 32.81% |
| 2026-07-10 | 32.82% |
| 2026-07-09 | 32.80% |
| 2026-07-08 | 32.81% |
| 2026-07-07 | 32.82% |
| 2026-07-06 | 32.83% |
| 2026-07-02 | 32.81% |
| 2026-07-01 | 32.80% |
| 2026-06-30 | 32.82% |
| 2026-06-29 | 32.81% |
| 2026-06-26 | 32.82% |
| 2026-06-25 | 32.82% |
| 2026-06-24 | 32.81% |
| 2026-06-23 | 32.81% |
| 2026-06-22 | 32.82% |
| 2026-06-18 | 32.82% |
| 2026-06-17 | 32.81% |
| 2026-06-16 | 32.80% |
| 2026-06-15 | 32.80% |
| 2026-06-12 | 40.89% |
| 2026-06-11 | 32.55% |
| 2026-06-10 | 32.55% |
| 2026-06-09 | 32.57% |
| 2026-06-08 | 32.57% |
| 2026-06-05 | 32.54% |
| 2026-06-04 | 32.56% |
| 2026-06-03 | 32.56% |
| 2026-06-02 | 32.54% |
| 2026-06-01 | 32.54% |
| 2026-05-29 | 32.54% |
| 2026-05-28 | 32.57% |
| 2026-05-27 | 32.56% |
| 2026-05-26 | 32.54% |
| 2026-05-22 | 32.56% |
| 2026-05-21 | 32.55% |
| 2026-05-20 | 32.55% |
| 2026-05-19 | 32.55% |
| 2026-05-18 | 32.54% |
| 2026-05-15 | 32.56% |
| 2026-05-14 | 32.55% |
| 2026-05-13 | 32.56% |
| 2026-05-12 | 32.56% |
| 2026-05-11 | 32.56% |
| 2026-05-08 | 32.55% |
| 2026-05-07 | 32.55% |
| 2026-05-06 | 32.57% |
| 2026-05-05 | 32.56% |
| 2026-05-04 | 32.54% |
| 2026-05-01 | 32.55% |
| 2026-04-30 | 32.54% |
| 2026-04-29 | 32.54% |
| 2026-04-28 | 32.54% |
| 2026-04-27 | 32.55% |
| 2026-04-24 | 32.56% |
| 2026-04-23 | 34.63% |
| 2026-04-22 | 34.64% |
| 2026-04-21 | 34.63% |
| 2026-04-20 | 34.63% |
| 2026-04-17 | 34.62% |
| 2026-04-16 | 34.61% |
| 2026-04-15 | 34.64% |
| 2026-04-14 | 34.62% |
| 2026-04-13 | 34.64% |
| 2026-04-10 | 34.62% |
| 2026-04-09 | 34.64% |
| 2026-04-08 | 34.64% |
| 2026-04-07 | 34.61% |
| 2026-04-06 | 34.64% |
| 2026-04-02 | 34.64% |
| 2026-04-01 | 34.63% |
| 2026-03-31 | 34.61% |
| 2026-03-30 | 34.62% |
| 2026-03-27 | 34.64% |
| 2026-03-26 | 34.62% |
| 2026-03-25 | 34.64% |
| 2026-03-24 | 34.63% |
| 2026-03-23 | 34.62% |
| 2026-03-20 | 34.61% |
| 2026-03-19 | 34.61% |
| 2026-03-18 | 34.61% |
| 2026-03-17 | 34.61% |
| 2026-03-16 | 34.62% |
| 2026-03-13 | 43.22% |
| 2026-03-12 | 34.35% |
| 2026-03-11 | 34.37% |
| 2026-03-10 | 34.35% |
| 2026-03-09 | 34.34% |
| 2026-03-06 | 34.36% |
| 2026-03-05 | 34.36% |
| 2026-03-04 | 34.36% |
| 2026-03-03 | 34.36% |
| 2026-03-02 | 34.33% |
| 2026-02-27 | 34.34% |
| 2026-02-26 | 34.34% |
| 2026-02-25 | 34.34% |
| 2026-02-24 | 34.35% |
| 2026-02-23 | 34.36% |
| 2026-02-20 | 34.36% |
| 2026-02-19 | 34.36% |
| 2026-02-18 | 34.35% |
| 2026-02-17 | 34.33% |
| 2026-02-13 | 34.34% |
| 2026-02-12 | 34.36% |
| 2026-02-11 | 34.36% |
| 2026-02-10 | 34.36% |
| 2026-02-09 | 34.33% |
| 2026-02-06 | 34.33% |
| 2026-02-05 | 34.35% |
| 2026-02-04 | 34.33% |
| 2026-02-03 | 34.34% |
| 2026-02-02 | 34.33% |
| 2026-01-30 | 34.33% |
| 2025-03-11 | 37.76% |
| 2025-03-07 | 37.74% |
| 2025-03-05 | 37.75% |
| 2025-03-03 | 37.74% |
| 2025-02-27 | 37.74% |
| 2025-02-25 | 37.76% |
| 2025-02-21 | 37.73% |
| 2025-02-19 | 37.75% |
| 2025-02-14 | 37.72% |
| 2025-02-12 | 37.76% |
| 2025-02-10 | 37.74% |
| 2025-02-06 | 37.74% |
| 2025-02-04 | 37.74% |
| 2025-01-31 | 37.72% |
| 2025-01-29 | 37.73% |
| 2025-01-27 | 37.74% |
| 2025-01-23 | 37.72% |
| 2025-01-21 | 37.72% |
| 2025-01-16 | 37.73% |
| 2025-01-14 | 37.72% |
| 2025-01-10 | 37.74% |
| 2025-01-07 | 37.72% |
| 2025-01-03 | 37.73% |
| 2024-12-31 | 37.73% |
| 2024-12-27 | 37.72% |
| 2024-12-24 | 37.72% |
| 2024-12-20 | 37.74% |
| 2024-12-18 | 37.74% |
| 2024-12-16 | 37.72% |
| 2024-12-12 | 28.30% |
| 2024-12-10 | 37.76% |
| 2024-12-06 | 37.76% |
| 2024-12-04 | 37.76% |
| 2024-12-02 | 37.74% |
| 2024-11-27 | 37.76% |
| 2024-11-25 | 37.73% |
| 2024-11-21 | 37.76% |
| 2024-11-19 | 37.73% |
| 2024-11-15 | 37.75% |
| 2024-11-13 | 37.72% |
| 2024-11-11 | 37.75% |
| 2024-11-07 | 37.75% |
| 2024-11-05 | 37.73% |
| 2024-11-01 | 37.25% |
| 2024-10-30 | 37.27% |
| 2024-10-28 | 37.26% |
| 2024-10-24 | 37.28% |
| 2024-10-22 | 37.27% |
| 2024-10-18 | 37.27% |
| 2024-10-16 | 37.29% |
| 2024-10-14 | 37.26% |
| 2024-10-10 | 37.26% |
| 2024-10-08 | 37.29% |
| 2024-10-04 | 37.25% |
| 2024-10-02 | 37.28% |
| 2024-09-30 | 37.27% |
| 2024-09-26 | 37.25% |
| 2024-09-24 | 37.24% |
| 2024-09-20 | 37.27% |
| 2024-09-18 | 37.25% |
| 2024-09-16 | 37.29% |
| 2024-09-12 | 27.94% |
| 2024-09-10 | 37.27% |
| 2024-09-06 | 37.25% |
| 2024-09-04 | 37.26% |
| 2024-08-30 | 37.26% |
| 2024-08-28 | 37.29% |
| 2024-08-26 | 37.27% |
| 2024-08-22 | 37.26% |
| 2024-08-20 | 37.28% |
| 2024-08-16 | 37.26% |
| 2024-08-14 | 37.27% |
| 2024-08-12 | 37.28% |
| 2024-08-08 | 37.24% |
| 2024-08-06 | 37.26% |
| 2024-08-02 | 47.82% |
| 2024-07-31 | 47.83% |
| 2024-07-29 | 47.79% |
| 2024-07-25 | 47.80% |
| 2024-07-23 | 47.80% |
| 2024-07-19 | 47.80% |
| 2024-07-17 | 47.81% |
| 2024-07-15 | 47.81% |
| 2024-07-11 | 47.83% |
| 2024-07-09 | 47.80% |
| 2024-07-05 | 47.78% |
| 2024-07-02 | 47.83% |
| 2024-06-28 | 47.83% |
| 2024-06-26 | 47.79% |
Showing the most recent 260 of 2,364 data points. The chart above shows the full history.
| $1.04 |
| 45.2% |
| 2019-12-31 | $2.97 | $1.00 | 33.7% |
| 2018-12-31 | $2.39 | $0.96 | 40.2% |
| 2017-12-31 | $2.13 | $0.85 | 39.9% |
| 2016-12-31 | $2.11 | $0.81 | 38.4% |
| 2015-12-31 | $1.91 | $0.80 | 41.9% |
| 2014-12-31 | $2.01 | $0.77 | 38.3% |
| 2013-12-31 | $1.75 | $0.74 | 42.3% |
| 2012-12-31 | $1.60 | $0.57 | 35.6% |
| 2011-12-31 | $1.50 | $0.47 | 31.3% |
| 2010-12-31 | $1.62 | $0.40 | 24.7% |
| 2009-12-31 | $0.99 | $0.40 | 40.4% |
| 2008-12-31 | ($2.54) | $0.54 | N/A (Loss) |
| 2007-12-31 | $1.34 | $0.46 | 34.3% |
| 2006-12-31 | $1.40 | $0.34 | 24.3% |
| 2005-12-31 | $0.06 | $0.40 | 666.7% |
| 2004-12-31 | $0.98 | $0.64 | 65.3% |
| 2003-12-31 | $1.14 | $0.64 | 56.1% |
| 2002-12-31 | $2.26 | $0.58 | 25.7% |
| 2001-12-31 | $1.79 | $0.48 | 26.8% |
| 2000-12-31 | $1.51 | $0.42 | 27.8% |
| 1999-12-31 | $1.38 | $0.16 | 11.6% |
