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 54.61% is 30% above its 5-year average of 41.98%, near the high end of its 5-year range (30.47%–54.62%).
As of Monday, August 10, 2026. 15.10% above its 12-month average of 47.45%.
Dividend Payout Ratio (54.61%) = TTM Dividends/Share ($1.60) / TTM EPS ($2.93)
DIVIDEND PAYOUT RATIO
54.61%
DIVIDEND PAYOUT RATIO AVG TTM
47.45%
DIVIDEND PAYOUT RATIO AVG 3Y
45.45%
DIVIDEND PAYOUT RATIO AVG 5Y
41.98%
DIVIDEND PAYOUT RATIO AVG 10Y
37.12%
DIVIDEND PAYOUT RATIO AVG 15Y
33.35%
DIVIDEND PAYOUT RATIO AVG 20Y
34.65%
CURRENT VS TTM AVG
+15.10%
CURRENT VS 3Y AVG
+20.16%
CURRENT VS 5Y AVG
+30.09%
CURRENT VS 10Y AVG
+47.13%
CURRENT VS 15Y AVG
+63.76%
CURRENT VS 20Y AVG
+57.61%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.55 | $1.54 | 43.4% |
| 2024 | $3.16 | $1.44 | 45.6% |
| 2023 | $3.23 | $1.36 | 42.1% |
| 2022 | $3.38 | $1.26 | 37.3% |
| 2021 | $3.78 | $1.14 | 30.2% |
| 2020 | $1.84 | $1.08 |
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 |
|---|---|
| 2026-08-10 | 54.61% |
| 2026-08-07 | 54.59% |
| 2026-08-06 | 54.61% |
| 2026-08-05 | 54.61% |
| 2026-08-04 | 54.62% |
| 2026-08-03 | 53.68% |
| 2026-07-31 | 53.69% |
| 2026-07-30 | 53.69% |
| 2026-07-29 | 53.68% |
| 2026-07-28 | 53.70% |
| 2026-07-27 | 53.70% |
| 2026-07-24 | 53.70% |
| 2026-07-23 | 53.70% |
| 2026-07-22 | 53.68% |
| 2026-07-21 | 53.69% |
| 2026-07-20 | 53.69% |
| 2026-07-17 | 53.70% |
| 2026-07-16 | 53.68% |
| 2026-07-15 | 53.68% |
| 2026-07-14 | 53.68% |
| 2026-07-13 | 53.70% |
| 2026-07-10 | 53.69% |
| 2026-07-09 | 53.68% |
| 2026-07-08 | 53.69% |
| 2026-07-07 | 53.70% |
| 2026-07-06 | 53.70% |
| 2026-07-02 | 53.69% |
| 2026-07-01 | 53.69% |
| 2026-06-30 | 53.70% |
| 2026-06-29 | 52.67% |
| 2026-06-26 | 52.70% |
| 2026-06-25 | 52.69% |
| 2026-06-24 | 52.68% |
| 2026-06-23 | 52.70% |
| 2026-06-22 | 52.68% |
| 2026-06-18 | 52.69% |
| 2026-06-17 | 52.67% |
| 2026-06-16 | 52.68% |
| 2026-06-15 | 52.70% |
| 2026-06-12 | 52.70% |
| 2026-06-11 | 52.70% |
| 2026-06-10 | 52.69% |
| 2026-06-09 | 52.69% |
| 2026-06-08 | 52.70% |
| 2026-06-05 | 52.68% |
| 2026-06-04 | 52.68% |
| 2026-06-03 | 52.69% |
| 2026-06-02 | 52.68% |
| 2026-06-01 | 52.70% |
| 2026-05-29 | 52.70% |
| 2026-05-28 | 52.69% |
| 2026-05-27 | 52.68% |
| 2026-05-26 | 52.69% |
| 2026-05-22 | 52.67% |
| 2026-05-21 | 52.70% |
| 2026-05-20 | 52.70% |
| 2026-05-19 | 52.67% |
| 2026-05-18 | 52.69% |
| 2026-05-15 | 52.69% |
| 2026-05-14 | 52.70% |
| 2026-05-13 | 52.69% |
| 2026-05-12 | 52.69% |
| 2026-05-11 | 52.70% |
| 2026-05-08 | 52.67% |
| 2026-05-07 | 52.69% |
| 2026-05-06 | 52.68% |
| 2026-05-05 | 52.69% |
| 2026-05-04 | 44.34% |
| 2026-05-01 | 44.36% |
| 2026-04-30 | 44.35% |
| 2026-04-29 | 44.33% |
| 2026-04-28 | 44.34% |
| 2026-04-27 | 44.36% |
| 2026-04-24 | 44.36% |
| 2026-04-23 | 44.36% |
| 2026-04-22 | 44.34% |
| 2026-04-21 | 44.37% |
| 2026-04-20 | 44.35% |
| 2026-04-17 | 44.35% |
| 2026-04-16 | 44.35% |
| 2026-04-15 | 44.35% |
| 2026-04-14 | 44.35% |
| 2026-04-13 | 44.35% |
| 2026-04-10 | 44.35% |
| 2026-04-09 | 44.36% |
| 2026-04-08 | 44.36% |
| 2026-04-07 | 44.35% |
| 2026-04-06 | 44.37% |
| 2026-04-02 | 44.36% |
| 2026-04-01 | 44.36% |
| 2026-03-31 | 44.34% |
| 2026-03-30 | 43.50% |
| 2026-03-27 | 43.50% |
| 2026-03-26 | 43.51% |
| 2026-03-25 | 43.50% |
| 2026-03-24 | 43.50% |
| 2026-03-23 | 43.52% |
| 2026-03-20 | 43.49% |
| 2026-03-19 | 43.49% |
| 2026-03-18 | 43.50% |
| 2026-03-17 | 43.50% |
| 2026-03-16 | 43.51% |
| 2026-03-13 | 43.50% |
| 2026-03-12 | 43.49% |
| 2026-03-11 | 43.51% |
| 2026-03-10 | 43.50% |
| 2026-03-09 | 43.50% |
| 2026-03-06 | 43.50% |
| 2026-03-05 | 43.49% |
| 2026-03-04 | 43.49% |
| 2026-03-03 | 43.49% |
| 2026-03-02 | 43.51% |
| 2026-02-27 | 43.49% |
| 2026-02-26 | 43.50% |
| 2026-02-25 | 43.49% |
| 2026-02-24 | 43.50% |
| 2026-02-23 | 45.98% |
| 2026-02-20 | 45.98% |
| 2026-02-19 | 45.97% |
| 2026-02-18 | 45.97% |
| 2026-02-17 | 45.97% |
| 2026-02-13 | 45.97% |
| 2026-02-12 | 45.97% |
| 2026-02-11 | 45.98% |
| 2026-02-10 | 45.97% |
| 2026-02-09 | 45.98% |
| 2026-02-06 | 45.97% |
| 2026-02-05 | 45.98% |
| 2026-02-04 | 45.98% |
| 2026-02-03 | 45.98% |
| 2026-02-02 | 45.98% |
| 2026-01-30 | 45.97% |
| 2026-01-29 | 45.96% |
| 2026-01-28 | 45.96% |
| 2026-01-27 | 45.98% |
| 2026-01-26 | 45.97% |
| 2026-01-23 | 45.98% |
| 2026-01-22 | 45.97% |
| 2026-01-21 | 45.97% |
| 2026-01-20 | 45.97% |
| 2026-01-16 | 45.96% |
| 2026-01-15 | 45.96% |
| 2026-01-14 | 45.97% |
| 2026-01-13 | 45.98% |
| 2026-01-12 | 45.96% |
| 2026-01-09 | 45.98% |
| 2026-01-08 | 45.97% |
| 2026-01-07 | 45.98% |
| 2026-01-06 | 45.97% |
| 2026-01-05 | 45.96% |
| 2026-01-02 | 45.96% |
| 2025-12-31 | 45.96% |
| 2025-12-30 | 45.08% |
| 2025-12-29 | 45.06% |
| 2025-12-26 | 45.07% |
| 2025-12-24 | 45.06% |
| 2025-12-23 | 45.08% |
| 2025-12-22 | 45.06% |
| 2025-12-19 | 45.08% |
| 2025-12-18 | 45.08% |
| 2025-12-17 | 45.06% |
| 2025-12-16 | 45.09% |
| 2025-12-15 | 45.08% |
| 2025-12-12 | 45.06% |
| 2025-12-11 | 45.06% |
| 2025-12-10 | 45.06% |
| 2025-12-09 | 45.09% |
| 2025-12-08 | 45.08% |
| 2025-12-05 | 45.08% |
| 2025-12-04 | 45.07% |
| 2025-12-03 | 45.07% |
| 2025-12-02 | 45.06% |
| 2025-12-01 | 45.09% |
| 2025-11-28 | 45.06% |
| 2025-11-26 | 45.06% |
| 2025-11-25 | 45.08% |
| 2025-11-24 | 45.09% |
| 2025-11-21 | 45.07% |
| 2025-11-20 | 45.07% |
| 2025-11-19 | 45.07% |
| 2025-11-18 | 45.07% |
| 2025-11-17 | 45.06% |
| 2025-11-14 | 45.08% |
| 2025-11-13 | 45.08% |
| 2025-11-12 | 45.08% |
| 2025-11-11 | 45.06% |
| 2025-11-10 | 45.06% |
| 2025-11-07 | 45.09% |
| 2025-11-06 | 45.08% |
| 2025-11-05 | 45.08% |
| 2025-11-04 | 45.07% |
| 2025-11-03 | 46.90% |
| 2025-10-31 | 46.91% |
| 2025-10-30 | 46.90% |
| 2025-10-29 | 46.89% |
| 2025-10-28 | 46.89% |
| 2025-10-27 | 46.88% |
| 2025-10-24 | 46.90% |
| 2025-10-23 | 46.91% |
| 2025-10-22 | 46.90% |
| 2025-10-21 | 46.91% |
| 2025-10-20 | 46.89% |
| 2025-10-17 | 46.90% |
| 2025-10-16 | 46.88% |
| 2025-10-15 | 46.90% |
| 2025-10-14 | 46.89% |
| 2025-10-13 | 46.91% |
| 2025-10-10 | 46.90% |
| 2025-10-09 | 46.90% |
| 2025-10-08 | 46.89% |
| 2025-10-07 | 46.91% |
| 2025-10-06 | 46.90% |
| 2025-10-03 | 46.89% |
| 2025-10-02 | 46.88% |
| 2025-10-01 | 46.88% |
| 2025-09-30 | 46.91% |
| 2025-09-29 | 45.96% |
| 2025-09-26 | 45.97% |
| 2025-09-25 | 45.96% |
| 2025-09-24 | 45.97% |
| 2025-09-23 | 45.97% |
| 2025-09-22 | 45.96% |
| 2025-09-19 | 45.96% |
| 2025-09-18 | 45.95% |
| 2025-09-17 | 45.97% |
| 2025-09-16 | 45.98% |
| 2025-09-15 | 45.97% |
| 2025-09-12 | 45.97% |
| 2025-09-11 | 45.97% |
| 2025-09-10 | 45.95% |
| 2025-09-09 | 45.98% |
| 2025-09-08 | 45.97% |
| 2025-09-05 | 45.97% |
| 2025-09-04 | 45.97% |
| 2025-09-03 | 45.98% |
| 2025-09-02 | 45.96% |
| 2025-08-29 | 45.95% |
| 2025-08-28 | 45.96% |
| 2025-08-27 | 45.95% |
| 2025-08-26 | 45.98% |
| 2025-08-25 | 45.97% |
| 2025-08-22 | 45.96% |
| 2025-08-21 | 45.97% |
| 2025-08-20 | 45.98% |
| 2025-08-19 | 45.96% |
| 2025-08-18 | 45.95% |
| 2025-08-15 | 45.95% |
| 2025-08-14 | 45.96% |
| 2025-08-13 | 45.97% |
| 2025-08-12 | 45.97% |
| 2025-08-11 | 45.97% |
| 2025-08-08 | 45.96% |
| 2025-08-07 | 45.98% |
| 2025-08-06 | 45.96% |
| 2025-08-05 | 45.97% |
| 2025-08-04 | 46.98% |
| 2025-08-01 | 46.99% |
| 2025-07-31 | 47.00% |
| 2025-07-30 | 46.97% |
| 2025-07-29 | 47.00% |
Showing the most recent 260 of 2,458 data points. The chart above shows the full history.
| 58.7% |
| 2019 | $3.38 | $0.94 | 27.8% |
| 2018 | $3.11 | $0.74 | 23.8% |
| 2017 | $2.88 | $0.60 | 20.8% |
| 2016 | $1.95 | $0.53 | 27.2% |
| 2015 | $2.03 | $0.52 | 25.6% |
| 2014 | $1.68 | $0.51 | 30.4% |
| 2013 | $2.05 | $0.47 | 22.9% |
| 2012 | $1.69 | $0.36 | 21.3% |
| 2011 | $1.20 | $0.28 | 23.3% |
| 2010 | $0.64 | $0.04 | 6.3% |
| 2009 | $0.73 | $0.04 | 5.5% |
| 2008 | ($3.91) | $0.75 | N/A (Loss) |
| 2007 | $2.00 | $1.70 | 85.0% |
| 2006 | $2.14 | $1.58 | 73.8% |
| 2005 | $2.79 | $1.46 | 52.3% |
| 2004 | $2.72 | $1.31 | 48.2% |
| 2003 | $3.07 | $1.13 | 36.8% |
| 2002 | $2.64 | $0.98 | 37.1% |
| 2001 | $1.74 | $0.83 | 47.7% |
| 2000 | $1.86 | $0.67 | 36.2% |
| 1999 | $0.97 | $0.59 | 60.5% |
| 1998 | $1.20 | $0.47 | 39.4% |
| 1997 | $0.78 | $0.38 | 48.6% |
| 1996 | $0.64 | $0.33 | 50.9% |
