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 93.02% is 15% below its 5-year average of 109.21%, near the low end of its 5-year range (78.69%–165.70%).
As of Monday, October 5, 2026. 6.12% below its 12-month average of 99.08%.
Dividend Payout Ratio (93.02%) = TTM Dividends/Share ($3.20) / TTM EPS ($3.44)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
93.02%
DIVIDEND PAYOUT RATIO AVG TTM
99.08%
DIVIDEND PAYOUT RATIO AVG 3Y
106.83%
DIVIDEND PAYOUT RATIO AVG 5Y
109.21%
DIVIDEND PAYOUT RATIO AVG 10Y
124.77%
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-6.12%
CURRENT VS 3Y AVG
-12.93%
CURRENT VS 5Y AVG
-14.82%
CURRENT VS 10Y AVG
-25.45%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $2.95 | $3.10 | 105.1% |
| 2024-12-31 | $2.87 | $3.04 | 105.9% |
| 2023-12-31 | $2.78 | $3.15 | 113.3% |
| 2022-12-31 | $2.71 | $2.81 | 103.5% |
| 2021-12-31 | $2.27 | $2.90 | 127.8% |
| 2020-12-31 | $2.31 |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-10-05 | 93.02% |
| 2026-10-02 | 92.99% |
| 2026-10-01 | 93.05% |
| 2026-09-30 | 93.04% |
| 2026-09-29 | 93.07% |
| 2026-09-28 | 93.03% |
| 2026-09-25 | 93.05% |
| 2026-09-24 | 93.02% |
| 2026-09-23 | 93.02% |
| 2026-09-22 | 92.99% |
| 2026-09-21 | 93.01% |
| 2026-09-18 | 93.03% |
| 2026-09-17 | 93.02% |
| 2026-09-16 | 93.03% |
| 2026-09-15 | 93.04% |
| 2026-09-14 | 93.00% |
| 2026-09-11 | 115.72% |
| 2026-09-10 | 91.84% |
| 2026-09-09 | 91.83% |
| 2026-09-08 | 91.87% |
| 2026-09-04 | 91.89% |
| 2026-09-03 | 91.83% |
| 2026-09-02 | 91.87% |
| 2026-09-01 | 91.85% |
| 2026-08-31 | 91.86% |
| 2026-08-28 | 91.84% |
| 2026-08-27 | 91.86% |
| 2026-08-26 | 91.90% |
| 2026-08-25 | 91.87% |
| 2026-08-24 | 91.86% |
| 2026-08-21 | 91.86% |
| 2026-08-20 | 91.89% |
| 2026-08-19 | 91.85% |
| 2026-08-18 | 91.84% |
| 2026-08-17 | 91.85% |
| 2026-08-14 | 91.89% |
| 2026-08-13 | 91.87% |
| 2026-08-12 | 91.87% |
| 2026-08-11 | 91.89% |
| 2026-08-10 | 91.83% |
| 2026-08-07 | 91.85% |
| 2026-08-06 | 91.86% |
| 2026-08-05 | 91.89% |
| 2026-08-04 | 91.86% |
| 2026-08-03 | 91.89% |
| 2026-07-31 | 91.86% |
| 2026-07-30 | 99.66% |
| 2026-07-29 | 99.66% |
| 2026-07-28 | 99.66% |
| 2026-07-27 | 99.70% |
| 2026-07-24 | 99.69% |
| 2026-07-23 | 99.67% |
| 2026-07-22 | 99.66% |
| 2026-07-21 | 99.68% |
| 2026-07-20 | 99.70% |
| 2026-07-17 | 99.68% |
| 2026-07-16 | 99.69% |
| 2026-07-15 | 99.69% |
| 2026-07-14 | 99.69% |
| 2026-07-13 | 99.66% |
| 2026-07-10 | 99.67% |
| 2026-07-09 | 99.70% |
| 2026-07-08 | 99.71% |
| 2026-07-07 | 99.67% |
| 2026-07-06 | 99.72% |
| 2026-07-02 | 99.65% |
| 2026-07-01 | 99.67% |
| 2026-06-30 | 99.70% |
| 2026-06-29 | 99.67% |
| 2026-06-26 | 99.66% |
| 2026-06-25 | 99.65% |
| 2026-06-24 | 99.67% |
| 2026-06-23 | 99.66% |
| 2026-06-22 | 99.68% |
| 2026-06-18 | 99.71% |
| 2026-06-17 | 99.70% |
| 2026-06-16 | 99.68% |
| 2026-06-15 | 99.65% |
| 2026-06-12 | 124.25% |
| 2026-06-11 | 98.42% |
| 2026-06-10 | 98.41% |
| 2026-06-09 | 98.45% |
| 2026-06-08 | 98.39% |
| 2026-06-05 | 98.42% |
| 2026-06-04 | 98.39% |
| 2026-06-03 | 98.45% |
| 2026-06-02 | 98.40% |
| 2026-06-01 | 98.40% |
| 2026-05-29 | 98.44% |
| 2026-05-28 | 98.41% |
| 2026-05-27 | 98.45% |
| 2026-05-26 | 98.44% |
| 2026-05-22 | 98.41% |
| 2026-05-21 | 98.39% |
| 2026-05-20 | 98.45% |
| 2026-05-19 | 98.40% |
| 2026-05-18 | 98.45% |
| 2026-05-15 | 98.42% |
| 2026-05-14 | 98.45% |
| 2026-05-13 | 98.44% |
| 2026-05-12 | 98.44% |
| 2026-05-11 | 98.41% |
| 2026-05-08 | 98.41% |
| 2026-05-07 | 98.42% |
| 2026-05-06 | 98.39% |
| 2026-05-05 | 98.40% |
| 2026-05-04 | 98.44% |
| 2026-05-01 | 98.45% |
| 2026-04-30 | 98.44% |
| 2026-04-29 | 98.43% |
| 2026-04-28 | 98.43% |
| 2026-04-27 | 98.41% |
| 2026-04-24 | 98.39% |
| 2026-04-23 | 106.10% |
| 2026-04-22 | 106.14% |
| 2026-04-21 | 106.15% |
| 2026-04-20 | 106.14% |
| 2026-04-17 | 106.09% |
| 2026-04-16 | 106.09% |
| 2026-04-15 | 106.11% |
| 2026-04-14 | 106.09% |
| 2026-04-13 | 106.15% |
| 2026-04-10 | 106.09% |
| 2026-04-09 | 106.12% |
| 2026-04-08 | 106.14% |
| 2026-04-07 | 106.11% |
| 2026-04-06 | 106.12% |
| 2026-04-02 | 106.13% |
| 2026-04-01 | 106.11% |
| 2026-03-31 | 106.11% |
| 2026-03-30 | 106.13% |
| 2026-03-27 | 106.11% |
| 2026-03-26 | 106.13% |
| 2026-03-25 | 106.12% |
| 2026-03-24 | 106.10% |
| 2026-03-23 | 106.09% |
| 2026-03-20 | 106.12% |
| 2026-03-19 | 106.14% |
| 2026-03-18 | 106.13% |
| 2026-03-17 | 106.12% |
| 2026-03-16 | 106.14% |
| 2026-03-13 | 131.94% |
| 2026-03-12 | 105.45% |
| 2026-03-11 | 105.47% |
| 2026-03-10 | 105.45% |
| 2026-03-09 | 105.44% |
| 2026-03-06 | 105.47% |
| 2026-03-05 | 105.45% |
| 2026-03-04 | 105.45% |
| 2026-03-03 | 105.46% |
| 2026-03-02 | 105.47% |
| 2026-02-27 | 105.47% |
| 2026-02-26 | 105.42% |
| 2026-02-25 | 105.44% |
| 2026-02-24 | 105.45% |
| 2026-02-23 | 105.45% |
| 2026-02-20 | 105.43% |
| 2025-02-20 | 106.30% |
| 2025-02-19 | 106.30% |
| 2025-02-18 | 106.31% |
| 2025-02-14 | 106.32% |
| 2025-02-13 | 106.31% |
| 2025-02-12 | 106.29% |
| 2025-02-11 | 106.30% |
| 2025-02-10 | 106.29% |
| 2025-02-07 | 106.29% |
| 2025-02-06 | 106.28% |
| 2025-02-05 | 106.29% |
| 2025-02-04 | 106.30% |
| 2025-02-03 | 106.29% |
| 2025-01-31 | 106.30% |
| 2025-01-30 | 106.27% |
| 2025-01-29 | 106.31% |
| 2025-01-28 | 106.29% |
| 2025-01-27 | 106.30% |
| 2025-01-24 | 106.28% |
| 2025-01-23 | 106.32% |
| 2025-01-22 | 106.30% |
| 2025-01-21 | 106.32% |
| 2025-01-17 | 106.29% |
| 2025-01-16 | 106.30% |
| 2025-01-15 | 106.31% |
| 2025-01-14 | 106.28% |
| 2025-01-13 | 106.29% |
| 2025-01-10 | 106.29% |
| 2025-01-08 | 106.32% |
| 2025-01-07 | 106.30% |
| 2025-01-06 | 106.27% |
| 2025-01-03 | 106.27% |
| 2025-01-02 | 106.28% |
| 2024-12-31 | 106.30% |
| 2024-12-30 | 106.30% |
| 2024-12-27 | 106.29% |
| 2024-12-26 | 106.31% |
| 2024-12-24 | 106.27% |
| 2024-12-23 | 106.27% |
| 2024-12-20 | 106.28% |
| 2024-12-19 | 106.26% |
| 2024-12-18 | 106.30% |
| 2024-12-17 | 106.30% |
| 2024-12-16 | 106.30% |
| 2024-12-13 | 106.27% |
| 2024-12-12 | 106.28% |
| 2024-12-11 | 106.32% |
| 2024-12-10 | 106.28% |
| 2024-12-09 | 106.27% |
| 2024-12-06 | 106.28% |
| 2024-12-05 | 105.22% |
| 2024-12-04 | 105.23% |
| 2024-12-03 | 105.22% |
| 2024-12-02 | 105.22% |
| 2024-11-29 | 105.27% |
| 2024-11-27 | 105.23% |
| 2024-11-26 | 105.24% |
| 2024-11-25 | 105.24% |
| 2024-11-22 | 105.22% |
| 2024-11-21 | 105.25% |
| 2024-11-20 | 105.24% |
| 2024-11-19 | 105.25% |
| 2024-11-18 | 105.23% |
| 2024-11-15 | 105.25% |
| 2024-11-14 | 105.21% |
| 2024-11-13 | 105.22% |
| 2024-11-12 | 105.25% |
| 2024-11-11 | 105.22% |
| 2024-11-08 | 105.23% |
| 2024-11-07 | 105.25% |
| 2024-11-06 | 105.26% |
| 2024-11-05 | 105.27% |
| 2024-11-04 | 105.25% |
| 2024-11-01 | 105.25% |
| 2024-10-31 | 105.25% |
| 2024-10-30 | 105.27% |
| 2024-10-29 | 105.26% |
| 2024-10-28 | 105.22% |
| 2024-10-25 | 105.23% |
| 2024-10-24 | 104.14% |
| 2024-10-23 | 104.16% |
| 2024-10-22 | 104.14% |
| 2024-10-21 | 104.13% |
| 2024-10-18 | 104.13% |
| 2024-10-17 | 104.17% |
| 2024-10-16 | 104.13% |
| 2024-10-15 | 104.15% |
| 2024-10-14 | 104.13% |
| 2024-10-11 | 104.15% |
| 2024-10-10 | 104.15% |
| 2024-10-09 | 104.17% |
| 2024-10-08 | 104.15% |
| 2024-10-07 | 104.17% |
| 2024-10-04 | 104.17% |
| 2024-10-03 | 104.16% |
| 2024-10-02 | 104.16% |
| 2024-10-01 | 104.18% |
| 2024-09-30 | 104.14% |
| 2024-09-27 | 104.15% |
| 2024-09-26 | 104.16% |
| 2024-09-25 | 104.16% |
| 2024-09-24 | 104.14% |
| 2024-09-23 | 104.16% |
Showing the most recent 260 of 2,916 data points. The chart above shows the full history.
| $1.51 |
| 65.3% |
| 2019-12-31 | $1.82 | $2.71 | 149.0% |
| 2018-12-31 | $1.59 | $2.57 | 161.6% |
| 2017-12-31 | $1.80 | $2.50 | 138.9% |
| 2016-12-31 | $1.62 | $2.27 | 140.2% |
| 2015-12-31 | $1.12 | $2.18 | 194.6% |
| 2014-12-31 | $1.65 | $2.48 | 150.3% |
