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 32.18% is in line with its 5-year average of 35.46%, around the middle of its 5-year range (25.92%–45.18%).
As of Monday, October 5, 2026. 13.36% below its 12-month average of 37.15%.
Dividend Payout Ratio (32.18%) = TTM Dividends/Share ($1.22) / TTM EPS ($3.79)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
32.18%
DIVIDEND PAYOUT RATIO AVG TTM
37.15%
DIVIDEND PAYOUT RATIO AVG 3Y
37.68%
DIVIDEND PAYOUT RATIO AVG 5Y
35.46%
DIVIDEND PAYOUT RATIO AVG 10Y
33.22%
DIVIDEND PAYOUT RATIO AVG 15Y
32.47%
DIVIDEND PAYOUT RATIO AVG 20Y
36.34%
CURRENT VS TTM AVG
-13.36%
CURRENT VS 3Y AVG
-14.58%
CURRENT VS 5Y AVG
-9.23%
CURRENT VS 10Y AVG
-3.13%
CURRENT VS 15Y AVG
-0.87%
CURRENT VS 20Y AVG
-11.44%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $3.06 | $1.16 | 37.9% |
| 2024-12-31 | $2.83 | $1.08 | 38.2% |
| 2023-12-31 | $2.91 | $1.00 | 34.4% |
| 2022-12-31 | $2.78 | $0.92 | 33.1% |
| 2021-12-31 | $3.17 | $0.84 | 26.5% |
| 2020-12-31 | $2.34 |
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 | 32.18% |
| 2026-10-02 | 32.18% |
| 2026-10-01 | 32.20% |
| 2026-09-30 | 32.19% |
| 2026-09-29 | 32.19% |
| 2026-09-28 | 32.19% |
| 2026-09-25 | 32.19% |
| 2026-09-24 | 32.20% |
| 2026-09-23 | 32.19% |
| 2026-09-22 | 32.20% |
| 2026-09-21 | 32.20% |
| 2026-09-18 | 32.18% |
| 2026-09-17 | 32.19% |
| 2026-09-16 | 32.20% |
| 2026-09-15 | 32.20% |
| 2026-09-14 | 32.19% |
| 2026-09-11 | 32.20% |
| 2026-09-10 | 32.18% |
| 2026-09-09 | 32.18% |
| 2026-09-08 | 32.20% |
| 2026-09-04 | 32.20% |
| 2026-09-03 | 32.20% |
| 2026-09-02 | 32.19% |
| 2026-09-01 | 32.19% |
| 2026-08-31 | 32.18% |
| 2026-08-28 | 32.19% |
| 2026-08-27 | 32.20% |
| 2026-08-26 | 32.18% |
| 2026-08-25 | 32.18% |
| 2026-08-24 | 32.19% |
| 2026-08-21 | 32.20% |
| 2026-08-20 | 32.20% |
| 2026-08-19 | 32.20% |
| 2026-08-18 | 32.19% |
| 2026-08-17 | 32.19% |
| 2026-08-14 | 32.20% |
| 2026-08-13 | 32.20% |
| 2026-08-12 | 32.18% |
| 2026-08-11 | 32.19% |
| 2026-08-10 | 32.19% |
| 2026-08-07 | 31.65% |
| 2026-08-06 | 33.05% |
| 2026-08-05 | 33.06% |
| 2026-08-04 | 33.05% |
| 2026-08-03 | 33.06% |
| 2026-07-31 | 33.07% |
| 2026-07-30 | 33.06% |
| 2026-07-29 | 33.05% |
| 2026-07-28 | 33.07% |
| 2026-07-27 | 33.05% |
| 2026-07-24 | 33.05% |
| 2026-07-23 | 33.06% |
| 2026-07-22 | 33.05% |
| 2026-07-21 | 33.06% |
| 2026-07-20 | 33.06% |
| 2026-07-17 | 33.06% |
| 2026-07-16 | 33.05% |
| 2026-07-15 | 33.07% |
| 2026-07-14 | 33.05% |
| 2026-07-13 | 33.06% |
| 2026-07-10 | 33.06% |
| 2026-07-09 | 33.06% |
| 2026-07-08 | 33.06% |
| 2026-07-07 | 33.06% |
| 2026-07-06 | 33.06% |
| 2026-07-02 | 33.05% |
| 2026-07-01 | 33.06% |
| 2026-06-30 | 33.05% |
| 2026-06-29 | 33.07% |
| 2026-06-26 | 33.07% |
| 2026-06-25 | 33.07% |
| 2026-06-24 | 33.05% |
| 2026-06-23 | 33.06% |
| 2026-06-22 | 33.05% |
| 2026-06-18 | 33.05% |
| 2026-06-17 | 33.05% |
| 2026-06-16 | 33.05% |
| 2026-06-15 | 33.06% |
| 2026-06-12 | 33.06% |
| 2026-06-11 | 33.07% |
| 2026-06-10 | 33.06% |
| 2026-06-09 | 33.06% |
| 2026-06-08 | 33.05% |
| 2026-06-05 | 33.06% |
| 2026-06-04 | 33.05% |
| 2026-06-03 | 33.06% |
| 2026-06-02 | 33.05% |
| 2026-06-01 | 33.06% |
| 2026-05-29 | 33.05% |
| 2026-05-28 | 33.06% |
| 2026-05-27 | 33.06% |
| 2026-05-26 | 33.06% |
| 2026-05-22 | 33.06% |
| 2026-05-21 | 33.06% |
| 2026-05-20 | 33.05% |
| 2026-05-19 | 33.05% |
| 2026-05-18 | 33.07% |
| 2026-05-15 | 33.05% |
| 2026-05-14 | 33.07% |
| 2026-05-13 | 33.06% |
| 2026-05-12 | 33.07% |
| 2026-05-11 | 33.05% |
| 2026-05-08 | 41.05% |
| 2026-05-07 | 32.50% |
| 2026-05-06 | 38.68% |
| 2026-05-05 | 38.70% |
| 2026-05-04 | 38.68% |
| 2026-05-01 | 38.70% |
| 2026-04-30 | 38.68% |
| 2026-04-29 | 38.68% |
| 2026-04-28 | 38.68% |
| 2026-04-27 | 38.68% |
| 2026-04-24 | 38.68% |
| 2026-04-23 | 38.69% |
| 2026-04-22 | 38.68% |
| 2026-04-21 | 38.70% |
| 2026-04-20 | 38.70% |
| 2026-04-17 | 38.68% |
| 2026-04-16 | 38.68% |
| 2026-04-15 | 38.69% |
| 2026-04-14 | 38.68% |
| 2026-04-13 | 38.69% |
| 2026-04-10 | 38.68% |
| 2026-04-09 | 38.70% |
| 2026-04-08 | 38.68% |
| 2026-04-07 | 38.69% |
| 2026-04-06 | 38.70% |
| 2026-04-02 | 38.70% |
| 2026-04-01 | 38.68% |
| 2026-03-31 | 38.68% |
| 2026-03-30 | 38.68% |
| 2026-03-27 | 38.67% |
| 2026-03-26 | 38.69% |
| 2026-03-25 | 38.69% |
| 2026-03-24 | 38.70% |
| 2026-03-23 | 38.70% |
| 2026-03-20 | 38.70% |
| 2026-03-19 | 38.70% |
| 2026-03-18 | 38.68% |
| 2026-03-17 | 38.68% |
| 2026-03-16 | 38.69% |
| 2026-03-13 | 38.70% |
| 2026-03-12 | 38.69% |
| 2026-03-11 | 38.68% |
| 2026-03-10 | 38.70% |
| 2026-03-09 | 38.69% |
| 2026-03-06 | 38.69% |
| 2026-03-05 | 38.69% |
| 2026-03-04 | 38.69% |
| 2026-03-03 | 38.69% |
| 2026-03-02 | 38.68% |
| 2026-02-27 | 38.68% |
| 2026-02-26 | 40.99% |
| 2026-02-25 | 40.98% |
| 2026-02-24 | 40.99% |
| 2026-02-23 | 40.97% |
| 2026-02-20 | 40.96% |
| 2026-02-19 | 40.97% |
| 2026-02-18 | 40.98% |
| 2026-02-17 | 40.98% |
| 2026-02-13 | 40.97% |
| 2026-02-12 | 40.97% |
| 2026-02-11 | 40.97% |
| 2026-02-10 | 40.97% |
| 2026-02-09 | 40.27% |
| 2026-02-06 | 40.29% |
| 2026-02-05 | 40.28% |
| 2026-02-04 | 40.28% |
| 2026-02-03 | 40.27% |
| 2026-02-02 | 40.28% |
| 2026-01-30 | 40.28% |
| 2026-01-29 | 40.29% |
| 2026-01-28 | 40.29% |
| 2026-01-27 | 40.27% |
| 2026-01-26 | 40.28% |
| 2026-01-23 | 40.29% |
| 2026-01-22 | 40.28% |
| 2026-01-21 | 40.27% |
| 2026-01-20 | 40.29% |
| 2026-01-16 | 40.29% |
| 2026-01-15 | 40.29% |
| 2026-01-14 | 40.27% |
| 2026-01-13 | 40.29% |
| 2026-01-12 | 40.29% |
| 2026-01-09 | 40.28% |
| 2026-01-08 | 40.27% |
| 2026-01-07 | 40.29% |
| 2026-01-06 | 40.29% |
| 2026-01-05 | 40.29% |
| 2026-01-02 | 40.28% |
| 2025-12-31 | 40.27% |
| 2025-12-30 | 40.27% |
| 2025-12-29 | 40.29% |
| 2025-12-26 | 40.28% |
| 2025-12-24 | 40.26% |
| 2025-12-23 | 40.28% |
| 2025-12-22 | 40.29% |
| 2025-12-19 | 40.28% |
| 2025-12-18 | 40.29% |
| 2025-12-17 | 40.27% |
| 2025-12-16 | 40.29% |
| 2025-12-15 | 40.29% |
| 2025-12-12 | 40.26% |
| 2025-12-11 | 40.28% |
| 2025-12-10 | 40.27% |
| 2025-12-09 | 40.29% |
| 2025-12-08 | 40.28% |
| 2025-12-05 | 40.29% |
| 2025-12-04 | 40.27% |
| 2025-12-03 | 40.28% |
| 2025-12-02 | 40.28% |
| 2025-12-01 | 40.28% |
| 2025-11-28 | 40.26% |
| 2025-11-26 | 40.28% |
| 2025-11-25 | 40.28% |
| 2025-11-24 | 40.27% |
| 2025-11-21 | 40.27% |
| 2025-11-20 | 40.29% |
| 2025-11-19 | 40.27% |
| 2025-11-18 | 40.28% |
| 2025-11-17 | 40.29% |
| 2025-11-14 | 40.26% |
| 2025-11-13 | 40.28% |
| 2025-11-12 | 40.29% |
| 2025-11-11 | 40.27% |
| 2025-11-10 | 40.27% |
| 2025-11-07 | 39.57% |
| 2025-11-06 | 39.57% |
| 2025-11-05 | 43.03% |
| 2025-11-04 | 43.02% |
| 2025-11-03 | 43.01% |
| 2025-10-31 | 43.01% |
| 2025-10-30 | 43.03% |
| 2025-10-29 | 43.02% |
| 2025-10-28 | 43.03% |
| 2025-10-27 | 43.02% |
| 2025-10-24 | 43.01% |
| 2025-10-23 | 43.02% |
| 2025-10-22 | 43.02% |
| 2025-10-21 | 43.01% |
| 2025-10-20 | 43.01% |
| 2025-10-17 | 43.01% |
| 2025-10-16 | 43.03% |
| 2025-10-15 | 43.02% |
| 2025-10-14 | 43.01% |
| 2025-10-13 | 43.00% |
| 2025-10-10 | 43.02% |
| 2025-10-09 | 43.01% |
| 2025-10-08 | 43.02% |
| 2025-10-07 | 43.02% |
| 2025-10-06 | 43.01% |
| 2025-10-03 | 43.03% |
| 2025-10-02 | 43.01% |
| 2025-10-01 | 43.02% |
| 2025-09-30 | 43.02% |
| 2025-09-29 | 43.02% |
| 2025-09-26 | 43.02% |
| 2025-09-25 | 43.02% |
| 2025-09-24 | 43.01% |
| 2025-09-23 | 43.01% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| $0.76 |
| 32.5% |
| 2019-12-31 | $2.29 | $0.68 | 29.7% |
| 2018-12-31 | $1.99 | $0.60 | 30.2% |
| 2017-12-31 | $1.77 | $0.52 | 29.2% |
| 2016-12-31 | $1.57 | $0.48 | 30.6% |
| 2015-12-31 | $1.51 | $0.45 | 30.0% |
| 2014-12-31 | $1.43 | $0.43 | 29.8% |
| 2013-12-31 | $1.33 | $0.40 | 30.1% |
| 2012-12-31 | $1.27 | $0.37 | 29.4% |
| 2011-12-31 | $1.07 | $0.37 | 34.9% |
| 2010-12-31 | $0.81 | $0.37 | 46.1% |
| 2009-12-31 | $0.73 | $0.37 | 51.1% |
| 2008-12-31 | $0.77 | $0.37 | 48.5% |
| 2007-12-31 | $0.57 | $0.37 | 65.5% |
| 2006-12-31 | $0.62 | $0.37 | 60.2% |
| 2005-12-31 | $0.59 | $0.37 | 63.3% |
| 2004-12-31 | $0.44 | $0.37 | 84.8% |
| 2003-12-31 | $0.49 | $0.36 | 72.6% |
| 2002-12-31 | $0.53 | $0.34 | 63.9% |
| 2001-12-31 | $0.50 | $0.39 | 77.2% |
| 2000-12-31 | $0.29 | $0.30 | 104.0% |
| 1999-12-31 | $0.48 | $0.27 | 55.5% |
| 1998-12-31 | $0.76 | $0.23 | 30.8% |
| 1997-12-31 | $0.32 | $0.21 | 64.4% |
| 1996-12-31 | $0.16 | $0.19 | 117.0% |
