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 7.95% is 13% below its 5-year average of 9.12%, near the low end of its 5-year range (6.59%–13.59%).
As of Friday, September 11, 2026. 0.11% above its 12-month average of 7.94%.
Dividend Payout Ratio (7.95%) = TTM Dividends/Share ($1.20) / TTM EPS ($15.09)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
7.95%
DIVIDEND PAYOUT RATIO AVG TTM
7.94%
DIVIDEND PAYOUT RATIO AVG 3Y
8.19%
DIVIDEND PAYOUT RATIO AVG 5Y
9.12%
DIVIDEND PAYOUT RATIO AVG 10Y
9.55%
DIVIDEND PAYOUT RATIO AVG 15Y
10.20%
DIVIDEND PAYOUT RATIO AVG 20Y
10.50%
CURRENT VS TTM AVG
+0.11%
CURRENT VS 3Y AVG
-2.94%
CURRENT VS 5Y AVG
-12.84%
CURRENT VS 10Y AVG
-16.75%
CURRENT VS 15Y AVG
-22.04%
CURRENT VS 20Y AVG
-24.27%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $14.30 | $1.05 | 7.3% |
| 2024-12-31 | $11.99 | $0.94 | 7.9% |
| 2023-12-31 | $10.21 | $0.88 | 8.6% |
| 2022-12-31 | $9.13 | $0.82 | 9.0% |
| 2021-12-31 | $7.30 | $0.78 | 10.7% |
| 2020-12-31 | $6.90 |
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 |
|---|---|
| 2026-09-11 | 7.95% |
| 2026-09-10 | 7.95% |
| 2026-09-09 | 7.95% |
| 2026-09-08 | 7.94% |
| 2026-09-04 | 7.95% |
| 2026-09-03 | 7.95% |
| 2026-09-02 | 7.95% |
| 2026-09-01 | 7.95% |
| 2026-08-31 | 7.95% |
| 2026-08-28 | 7.94% |
| 2026-08-27 | 7.95% |
| 2026-08-26 | 7.95% |
| 2026-08-25 | 7.95% |
| 2026-08-24 | 7.95% |
| 2026-08-21 | 7.95% |
| 2026-08-20 | 7.95% |
| 2026-08-19 | 7.94% |
| 2026-08-18 | 7.94% |
| 2026-08-17 | 7.95% |
| 2026-08-14 | 7.95% |
| 2026-08-13 | 7.94% |
| 2026-08-12 | 7.95% |
| 2026-08-11 | 7.95% |
| 2026-08-10 | 7.95% |
| 2026-08-07 | 7.95% |
| 2026-08-06 | 7.95% |
| 2026-08-05 | 8.28% |
| 2026-08-04 | 8.27% |
| 2026-08-03 | 8.28% |
| 2026-07-31 | 8.28% |
| 2026-07-30 | 8.28% |
| 2026-07-29 | 8.27% |
| 2026-07-28 | 8.28% |
| 2026-07-27 | 8.28% |
| 2026-07-24 | 8.27% |
| 2026-07-23 | 8.28% |
| 2026-07-22 | 8.28% |
| 2026-07-21 | 8.27% |
| 2026-07-20 | 8.28% |
| 2026-07-17 | 8.27% |
| 2026-07-16 | 8.28% |
| 2026-07-15 | 8.28% |
| 2026-07-14 | 8.27% |
| 2026-07-13 | 8.28% |
| 2026-07-10 | 8.27% |
| 2026-07-09 | 8.28% |
| 2026-07-08 | 8.27% |
| 2026-07-07 | 8.27% |
| 2026-07-06 | 8.28% |
| 2026-07-02 | 7.86% |
| 2026-07-01 | 7.86% |
| 2026-06-30 | 7.86% |
| 2026-06-29 | 7.86% |
| 2026-06-26 | 7.86% |
| 2026-06-25 | 7.86% |
| 2026-06-24 | 7.86% |
| 2026-06-23 | 7.86% |
| 2026-06-22 | 7.87% |
| 2026-06-18 | 7.86% |
| 2026-06-17 | 7.86% |
| 2026-06-16 | 7.86% |
| 2026-06-15 | 7.86% |
| 2026-06-12 | 7.86% |
| 2026-06-11 | 7.86% |
| 2026-06-10 | 7.86% |
| 2026-06-09 | 7.86% |
| 2026-06-08 | 7.86% |
| 2026-06-05 | 7.86% |
| 2026-06-04 | 7.86% |
| 2026-06-03 | 7.86% |
| 2026-06-02 | 7.86% |
| 2026-06-01 | 7.86% |
| 2026-05-29 | 7.86% |
| 2026-05-28 | 7.86% |
| 2026-05-27 | 7.86% |
| 2026-05-26 | 7.86% |
| 2026-05-22 | 7.86% |
| 2026-05-21 | 7.86% |
| 2026-05-20 | 7.86% |
| 2026-05-19 | 7.87% |
| 2026-05-18 | 7.86% |
| 2026-05-15 | 7.86% |
| 2026-05-14 | 7.86% |
| 2026-05-13 | 7.86% |
| 2026-05-12 | 7.86% |
| 2026-05-11 | 7.86% |
| 2026-05-08 | 7.86% |
| 2026-05-07 | 8.11% |
| 2026-05-06 | 8.11% |
| 2026-05-05 | 8.11% |
| 2026-05-04 | 8.11% |
| 2026-05-01 | 8.11% |
| 2026-04-30 | 8.10% |
| 2026-04-29 | 8.11% |
| 2026-04-28 | 8.11% |
| 2026-04-27 | 8.11% |
| 2026-04-24 | 8.11% |
| 2026-04-23 | 8.11% |
| 2026-04-22 | 8.11% |
| 2026-04-21 | 8.11% |
| 2026-04-20 | 8.11% |
| 2026-04-17 | 8.11% |
| 2026-04-16 | 8.11% |
| 2026-04-15 | 8.11% |
| 2026-04-14 | 8.11% |
| 2026-04-13 | 8.10% |
| 2026-04-10 | 8.11% |
| 2026-04-09 | 8.11% |
| 2026-04-08 | 8.11% |
| 2026-04-07 | 8.11% |
| 2026-04-06 | 8.11% |
| 2026-04-02 | 10.03% |
| 2026-04-01 | 7.68% |
| 2026-03-31 | 7.68% |
| 2026-03-30 | 7.68% |
| 2026-03-27 | 7.68% |
| 2026-03-26 | 7.68% |
| 2026-03-25 | 7.68% |
| 2026-03-24 | 7.68% |
| 2026-03-23 | 7.68% |
| 2026-03-20 | 7.68% |
| 2026-03-19 | 7.68% |
| 2026-03-18 | 7.68% |
| 2026-03-17 | 7.68% |
| 2026-03-16 | 7.68% |
| 2026-03-13 | 7.68% |
| 2026-03-12 | 7.68% |
| 2026-03-11 | 7.68% |
| 2026-03-10 | 7.68% |
| 2026-03-09 | 7.68% |
| 2026-03-06 | 7.68% |
| 2026-03-05 | 7.68% |
| 2026-03-04 | 7.68% |
| 2026-03-03 | 7.68% |
| 2026-03-02 | 7.68% |
| 2026-02-27 | 7.68% |
| 2026-02-26 | 7.68% |
| 2026-02-25 | 7.84% |
| 2026-02-24 | 7.84% |
| 2026-02-23 | 7.84% |
| 2026-02-20 | 7.84% |
| 2026-02-19 | 7.84% |
| 2026-02-18 | 7.84% |
| 2026-02-17 | 7.84% |
| 2026-02-13 | 7.84% |
| 2026-02-12 | 7.84% |
| 2026-02-11 | 7.83% |
| 2026-02-10 | 7.84% |
| 2026-02-09 | 7.84% |
| 2026-02-06 | 7.84% |
| 2026-02-05 | 7.83% |
| 2026-02-04 | 7.84% |
| 2026-02-03 | 7.83% |
| 2026-02-02 | 7.84% |
| 2026-01-30 | 7.84% |
| 2026-01-29 | 7.84% |
| 2026-01-28 | 7.83% |
| 2026-01-27 | 7.84% |
| 2026-01-26 | 7.84% |
| 2026-01-23 | 7.84% |
| 2026-01-22 | 7.84% |
| 2026-01-21 | 7.84% |
| 2026-01-20 | 7.84% |
| 2026-01-16 | 7.83% |
| 2026-01-15 | 7.84% |
| 2026-01-14 | 7.83% |
| 2026-01-13 | 7.84% |
| 2026-01-12 | 7.84% |
| 2026-01-09 | 7.84% |
| 2026-01-08 | 7.84% |
| 2026-01-07 | 7.84% |
| 2026-01-06 | 7.83% |
| 2026-01-05 | 9.58% |
| 2026-01-02 | 7.62% |
| 2025-12-31 | 7.62% |
| 2025-12-30 | 7.62% |
| 2025-12-29 | 7.62% |
| 2025-12-26 | 7.62% |
| 2025-12-24 | 7.62% |
| 2025-12-23 | 7.62% |
| 2025-12-22 | 7.62% |
| 2025-12-19 | 7.62% |
| 2025-12-18 | 7.62% |
| 2025-12-17 | 7.62% |
| 2025-12-16 | 7.62% |
| 2025-12-15 | 7.62% |
| 2025-12-12 | 7.62% |
| 2025-12-11 | 7.62% |
| 2025-12-10 | 7.62% |
| 2025-12-09 | 7.62% |
| 2025-12-08 | 7.62% |
| 2025-12-05 | 7.62% |
| 2025-12-04 | 7.62% |
| 2025-12-03 | 7.62% |
| 2025-12-02 | 7.62% |
| 2025-12-01 | 7.62% |
| 2025-11-28 | 7.62% |
| 2025-11-26 | 7.62% |
| 2025-11-25 | 7.62% |
| 2025-11-24 | 7.62% |
| 2025-11-21 | 7.62% |
| 2025-11-20 | 7.62% |
| 2025-11-19 | 7.62% |
| 2025-11-18 | 7.62% |
| 2025-11-17 | 7.62% |
| 2025-11-14 | 7.62% |
| 2025-11-13 | 7.62% |
| 2025-11-12 | 7.62% |
| 2025-11-11 | 7.62% |
| 2025-11-10 | 7.62% |
| 2025-11-07 | 7.62% |
| 2025-11-06 | 7.62% |
| 2025-11-05 | 8.39% |
| 2025-11-04 | 8.39% |
| 2025-11-03 | 8.39% |
| 2025-10-31 | 8.39% |
| 2025-10-30 | 8.40% |
| 2025-10-29 | 8.39% |
| 2025-10-28 | 8.39% |
| 2025-10-27 | 8.39% |
| 2025-10-24 | 8.39% |
| 2025-10-23 | 8.40% |
| 2025-10-22 | 8.39% |
| 2025-10-21 | 8.39% |
| 2025-10-20 | 8.40% |
| 2025-10-17 | 8.39% |
| 2025-10-16 | 8.39% |
| 2025-10-15 | 8.39% |
| 2025-10-14 | 8.39% |
| 2025-10-13 | 8.39% |
| 2025-10-10 | 8.39% |
| 2025-10-09 | 8.40% |
| 2025-10-08 | 8.39% |
| 2025-10-07 | 8.39% |
| 2025-10-06 | 8.39% |
| 2025-10-03 | 10.31% |
| 2025-10-02 | 8.16% |
| 2025-10-01 | 8.15% |
| 2025-09-30 | 8.15% |
| 2025-09-29 | 8.15% |
| 2025-09-26 | 8.16% |
| 2025-09-25 | 8.15% |
| 2025-09-24 | 8.15% |
| 2025-09-23 | 8.15% |
| 2025-09-22 | 8.15% |
| 2025-09-19 | 8.16% |
| 2025-09-18 | 8.15% |
| 2025-09-17 | 8.15% |
| 2025-09-16 | 8.15% |
| 2025-09-15 | 8.16% |
| 2025-09-12 | 8.15% |
| 2025-09-11 | 8.15% |
| 2025-09-10 | 8.15% |
| 2025-09-09 | 8.16% |
| 2025-09-08 | 8.15% |
| 2025-09-05 | 8.16% |
| 2025-09-04 | 8.16% |
| 2025-09-03 | 8.16% |
| 2025-09-02 | 8.16% |
| 2025-08-29 | 8.16% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $0.74 |
| 10.7% |
| 2019-12-31 | $6.97 | $0.68 | 9.7% |
| 2018-12-31 | $6.22 | $0.63 | 10.1% |
| 2017-12-31 | $12.50 | $0.59 | 4.7% |
| 2016-12-31 | $4.58 | $0.56 | 12.1% |
| 2015-12-31 | $4.21 | $0.41 | 9.6% |
| 2014-12-31 | $4.15 | $0.51 | 12.2% |
| 2013-12-31 | $3.84 | $0.55 | 14.4% |
| 2012-12-31 | $3.65 | $0.38 | 10.4% |
| 2011-12-31 | $3.19 | $0.30 | 9.3% |
| 2010-12-31 | $2.83 | $0.27 | 9.6% |
| 2009-12-31 | $2.17 | $0.19 | 8.6% |
| 2008-12-31 | $2.28 | $0.31 | 13.5% |
| 2007-12-31 | $2.49 | $0.23 | 9.3% |
| 2006-12-31 | $2.31 | $0.21 | 9.2% |
| 2005-12-31 | $2.10 | $0.20 | 9.3% |
| 2004-12-31 | $1.89 | $0.20 | 10.3% |
| 2003-12-31 | $1.67 | $0.17 | 10.1% |
| 2002-12-31 | $1.42 | $0.16 | 11.3% |
| 2001-12-31 | $1.28 | $0.14 | 10.8% |
| 2000-12-31 | $1.26 | $0.16 | 12.7% |
| 1999-12-31 | $0.95 | $0.16 | 16.8% |
| 1998-12-31 | $0.81 | $0.19 | 23.6% |
| 1997-12-31 | $1.08 | $0.26 | 24.3% |
| 1996-12-31 | $0.97 | $0.32 | 33.2% |
