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 31.52% is 21% below its 5-year average of 39.71%, near the low end of its 5-year range (23.92%–63.70%).
As of Monday, October 5, 2026. 12.96% below its 12-month average of 36.21%.
Dividend Payout Ratio (31.52%) = TTM Dividends/Share ($0.92) / TTM EPS ($2.91)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
31.52%
DIVIDEND PAYOUT RATIO AVG TTM
36.21%
DIVIDEND PAYOUT RATIO AVG 3Y
42.39%
DIVIDEND PAYOUT RATIO AVG 5Y
39.71%
DIVIDEND PAYOUT RATIO AVG 10Y
37.31%
DIVIDEND PAYOUT RATIO AVG 15Y
39.11%
DIVIDEND PAYOUT RATIO AVG 20Y
42.13%
CURRENT VS TTM AVG
-12.96%
CURRENT VS 3Y AVG
-25.65%
CURRENT VS 5Y AVG
-20.62%
CURRENT VS 10Y AVG
-15.52%
CURRENT VS 15Y AVG
-19.42%
CURRENT VS 20Y AVG
-25.19%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2024-12-31 | $1.90 | $0.88 | 46.4% |
| 2023-12-31 | $1.67 | $0.85 | 50.9% |
| 2022-12-31 | $2.46 | $0.81 | 33.0% |
| 2021-12-31 | $2.01 | $0.71 | 35.3% |
| 2020-12-31 | $1.80 | $0.66 | 36.7% |
| 2019-12-31 | $1.66 |
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 | 31.52% |
| 2026-10-02 | 31.54% |
| 2026-10-01 | 31.54% |
| 2026-09-30 | 31.54% |
| 2026-09-29 | 31.53% |
| 2026-09-28 | 31.52% |
| 2026-09-25 | 31.52% |
| 2026-09-24 | 31.53% |
| 2026-09-23 | 31.52% |
| 2026-09-22 | 31.52% |
| 2026-09-21 | 31.54% |
| 2026-09-18 | 31.53% |
| 2026-09-17 | 31.54% |
| 2026-09-16 | 31.54% |
| 2026-09-15 | 31.52% |
| 2026-09-14 | 31.54% |
| 2026-09-11 | 31.53% |
| 2026-09-10 | 31.53% |
| 2026-09-09 | 31.54% |
| 2026-09-08 | 31.54% |
| 2026-09-04 | 31.53% |
| 2026-09-03 | 31.52% |
| 2026-09-02 | 31.54% |
| 2026-09-01 | 31.54% |
| 2026-08-31 | 31.54% |
| 2026-08-28 | 31.53% |
| 2026-08-27 | 31.53% |
| 2026-08-26 | 31.53% |
| 2026-08-25 | 31.52% |
| 2026-08-24 | 31.53% |
| 2026-08-21 | 31.53% |
| 2026-08-20 | 31.52% |
| 2026-08-19 | 31.52% |
| 2026-08-18 | 31.53% |
| 2026-08-17 | 31.53% |
| 2026-08-14 | 31.54% |
| 2026-08-13 | 31.53% |
| 2026-08-12 | 31.54% |
| 2026-08-11 | 31.53% |
| 2026-08-10 | 31.52% |
| 2026-08-07 | 31.53% |
| 2026-08-06 | 31.53% |
| 2026-08-05 | 31.53% |
| 2026-08-04 | 31.53% |
| 2026-08-03 | 31.52% |
| 2026-07-31 | 31.52% |
| 2026-07-30 | 31.54% |
| 2026-07-29 | 35.16% |
| 2026-07-28 | 35.17% |
| 2026-07-27 | 35.14% |
| 2026-07-24 | 35.16% |
| 2026-07-23 | 35.15% |
| 2026-07-22 | 35.16% |
| 2026-07-21 | 35.16% |
| 2026-07-20 | 35.14% |
| 2026-07-17 | 35.15% |
| 2026-07-16 | 35.17% |
| 2026-07-15 | 35.14% |
| 2026-07-14 | 35.15% |
| 2026-07-13 | 35.14% |
| 2026-07-10 | 35.17% |
| 2026-07-09 | 26.34% |
| 2026-07-08 | 26.34% |
| 2026-07-07 | 26.34% |
| 2026-07-06 | 34.83% |
| 2026-07-02 | 34.82% |
| 2026-07-01 | 34.82% |
| 2026-06-30 | 34.83% |
| 2026-06-29 | 34.82% |
| 2026-06-26 | 34.81% |
| 2026-06-25 | 34.83% |
| 2026-06-24 | 34.81% |
| 2026-06-23 | 34.82% |
| 2026-06-22 | 34.82% |
| 2026-06-18 | 34.82% |
| 2026-06-17 | 34.82% |
| 2026-06-16 | 34.81% |
| 2026-06-15 | 34.83% |
| 2026-06-12 | 34.80% |
| 2026-06-11 | 34.83% |
| 2026-06-10 | 34.81% |
| 2026-06-09 | 34.80% |
| 2026-06-08 | 34.81% |
| 2026-06-05 | 34.81% |
| 2026-06-04 | 34.80% |
| 2026-06-03 | 34.82% |
| 2026-06-02 | 34.83% |
| 2026-06-01 | 34.82% |
| 2026-05-29 | 34.81% |
| 2026-05-28 | 34.83% |
| 2026-05-27 | 34.82% |
| 2026-05-26 | 34.81% |
| 2026-05-22 | 34.81% |
| 2026-05-21 | 34.81% |
| 2026-05-20 | 34.82% |
| 2026-05-19 | 34.82% |
| 2026-05-18 | 34.81% |
| 2026-05-15 | 34.82% |
| 2026-05-14 | 34.81% |
| 2026-05-13 | 34.82% |
| 2026-05-12 | 34.83% |
| 2026-05-11 | 34.81% |
| 2026-05-08 | 34.82% |
| 2026-05-07 | 34.81% |
| 2026-05-06 | 34.82% |
| 2026-05-05 | 34.83% |
| 2026-05-04 | 34.80% |
| 2026-05-01 | 34.82% |
| 2026-04-30 | 34.82% |
| 2026-04-29 | 37.55% |
| 2026-04-28 | 37.54% |
| 2026-04-27 | 37.55% |
| 2026-04-24 | 37.56% |
| 2026-04-23 | 37.56% |
| 2026-04-22 | 37.54% |
| 2026-04-21 | 37.56% |
| 2026-04-20 | 37.55% |
| 2026-04-17 | 37.55% |
| 2026-04-16 | 37.56% |
| 2026-04-15 | 37.54% |
| 2026-04-14 | 37.54% |
| 2026-04-13 | 37.55% |
| 2026-04-10 | 37.54% |
| 2026-04-09 | 37.54% |
| 2026-04-08 | 37.55% |
| 2026-04-07 | 37.54% |
| 2026-04-06 | 37.56% |
| 2026-04-02 | 46.68% |
| 2026-04-01 | 37.18% |
| 2026-03-31 | 37.20% |
| 2026-03-30 | 37.19% |
| 2026-03-27 | 37.20% |
| 2026-03-26 | 37.19% |
| 2026-03-25 | 37.18% |
| 2026-03-24 | 37.20% |
| 2026-03-23 | 37.20% |
| 2026-03-20 | 37.17% |
| 2026-03-19 | 37.19% |
| 2026-03-18 | 37.19% |
| 2026-03-17 | 37.19% |
| 2026-03-16 | 37.20% |
| 2026-03-13 | 37.18% |
| 2026-03-12 | 37.20% |
| 2026-03-11 | 37.19% |
| 2026-03-10 | 37.20% |
| 2026-03-09 | 37.19% |
| 2026-03-06 | 37.20% |
| 2026-03-05 | 37.18% |
| 2026-03-04 | 37.19% |
| 2026-03-03 | 37.19% |
| 2026-03-02 | 37.20% |
| 2026-02-27 | 38.81% |
| 2026-02-26 | 38.81% |
| 2026-02-25 | 38.79% |
| 2026-02-24 | 38.79% |
| 2026-02-23 | 38.81% |
| 2026-02-20 | 38.79% |
| 2026-02-19 | 38.80% |
| 2026-02-18 | 38.78% |
| 2026-02-17 | 38.80% |
| 2026-02-13 | 38.81% |
| 2026-02-12 | 38.79% |
| 2026-02-11 | 38.79% |
| 2026-02-10 | 38.80% |
| 2026-02-09 | 38.80% |
| 2026-02-06 | 38.78% |
| 2026-02-05 | 38.78% |
| 2026-02-04 | 38.78% |
| 2026-02-03 | 38.78% |
| 2026-02-02 | 38.81% |
| 2026-01-30 | 38.78% |
| 2026-01-29 | 38.78% |
| 2026-01-28 | 38.80% |
| 2026-01-27 | 38.78% |
| 2026-01-26 | 38.78% |
| 2026-01-23 | 38.79% |
| 2026-01-22 | 38.81% |
| 2026-01-21 | 38.80% |
| 2026-01-20 | 38.79% |
| 2026-01-16 | 38.81% |
| 2026-01-15 | 38.81% |
| 2026-01-14 | 38.79% |
| 2026-01-13 | 38.81% |
| 2026-01-12 | 38.79% |
| 2026-01-09 | 38.78% |
| 2026-01-08 | 38.78% |
| 2026-01-07 | 38.81% |
| 2026-01-06 | 38.78% |
| 2026-01-05 | 38.79% |
| 2026-01-02 | 38.80% |
| 2025-12-31 | 38.81% |
| 2025-12-30 | 38.78% |
| 2025-12-29 | 38.80% |
| 2025-12-26 | 38.43% |
| 2025-12-24 | 38.40% |
| 2025-12-23 | 38.43% |
| 2025-12-22 | 38.42% |
| 2025-12-19 | 38.40% |
| 2025-12-18 | 38.42% |
| 2025-12-17 | 38.42% |
| 2025-12-16 | 38.41% |
| 2025-12-15 | 38.42% |
| 2025-12-12 | 38.42% |
| 2025-12-11 | 38.43% |
| 2025-12-10 | 38.41% |
| 2025-12-09 | 38.40% |
| 2025-12-08 | 38.43% |
| 2025-12-05 | 38.42% |
| 2025-12-04 | 38.41% |
| 2025-12-03 | 38.41% |
| 2025-12-02 | 38.41% |
| 2025-12-01 | 38.43% |
| 2025-11-28 | 38.41% |
| 2025-11-26 | 38.43% |
| 2025-11-25 | 38.42% |
| 2025-11-24 | 38.41% |
| 2025-11-21 | 38.43% |
| 2025-11-20 | 38.41% |
| 2025-11-19 | 38.40% |
| 2025-11-18 | 38.40% |
| 2025-11-17 | 38.42% |
| 2025-11-14 | 38.42% |
| 2025-11-13 | 38.41% |
| 2025-11-12 | 38.43% |
| 2025-11-11 | 38.40% |
| 2025-11-10 | 38.40% |
| 2025-11-07 | 38.43% |
| 2025-11-06 | 38.41% |
| 2025-11-05 | 38.41% |
| 2025-11-04 | 38.42% |
| 2025-11-03 | 38.40% |
| 2025-10-31 | 41.24% |
| 2025-10-30 | 41.27% |
| 2025-10-29 | 41.25% |
| 2025-10-28 | 41.24% |
| 2025-10-27 | 41.25% |
| 2025-10-24 | 41.28% |
| 2025-10-23 | 41.25% |
| 2025-10-22 | 41.28% |
| 2025-10-21 | 41.25% |
| 2025-10-20 | 41.26% |
| 2025-10-17 | 41.25% |
| 2025-10-16 | 41.25% |
| 2025-10-15 | 41.25% |
| 2025-10-14 | 41.25% |
| 2025-10-13 | 41.27% |
| 2025-10-10 | 41.28% |
| 2025-10-09 | 30.72% |
| 2025-10-08 | 30.74% |
| 2025-10-07 | 30.74% |
| 2025-10-06 | 30.73% |
| 2025-10-03 | 40.96% |
| 2025-10-02 | 40.97% |
| 2025-10-01 | 40.98% |
| 2025-09-30 | 40.98% |
| 2025-09-29 | 40.98% |
| 2025-09-26 | 40.97% |
| 2025-09-25 | 40.98% |
| 2025-09-24 | 40.96% |
| 2025-09-23 | 40.98% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| $0.61 |
| 36.7% |
| 2018-12-31 | $1.61 | $0.56 | 34.8% |
| 2017-12-31 | $1.38 | $0.50 | 36.2% |
| 2016-12-31 | $1.26 | $0.57 | 45.2% |
| 2015-12-31 | $1.12 | $0.55 | 48.7% |
| 2014-12-31 | $1.04 | $0.42 | 40.4% |
| 2013-12-31 | $0.97 | $0.41 | 41.8% |
| 2012-12-31 | $1.04 | $0.39 | 37.5% |
| 2011-12-31 | $0.90 | $0.38 | 42.2% |
| 2010-12-31 | $0.74 | $0.36 | 49.3% |
| 2009-12-31 | $0.70 | $0.36 | 51.4% |
| 2008-12-31 | $0.70 | $0.66 | 94.3% |
| 2007-12-31 | $0.76 | $0.32 | 42.1% |
| 2006-12-31 | $0.78 | $0.29 | 36.9% |
| 2005-12-31 | $0.83 | $0.25 | 30.1% |
| 2004-12-31 | $1.30 | $0.07 | 5.3% |
| 2003-12-31 | $1.25 | $0.00 | 0.0% |
| 2002-12-31 | $2.28 | $0.21 | 9.3% |
| 2001-12-31 | $2.14 | $0.13 | 6.1% |
| 2000-12-31 | $1.90 | $0.10 | 5.3% |
| 1999-12-31 | $1.66 | $0.10 | 6.0% |
| 1998-12-31 | $1.52 | $0.11 | 7.4% |
