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 41.81% is in line with its 5-year average of 45.49%, near the low end of its 5-year range (36.21%–58.41%).
As of Wednesday, July 29, 2026. 2.13% above its 12-month average of 40.94%.
Dividend Payout Ratio (41.81%) = TTM Dividends/Share ($3.75) / TTM EPS ($8.97)
DIVIDEND PAYOUT RATIO
41.81%
DIVIDEND PAYOUT RATIO AVG TTM
40.94%
DIVIDEND PAYOUT RATIO AVG 3Y
40.84%
DIVIDEND PAYOUT RATIO AVG 5Y
45.49%
DIVIDEND PAYOUT RATIO AVG 10Y
50.94%
DIVIDEND PAYOUT RATIO AVG 15Y
53.98%
DIVIDEND PAYOUT RATIO AVG 20Y
48.66%
CURRENT VS TTM AVG
+2.13%
CURRENT VS 3Y AVG
+2.38%
CURRENT VS 5Y AVG
-8.09%
CURRENT VS 10Y AVG
-17.92%
CURRENT VS 15Y AVG
-22.55%
CURRENT VS 20Y AVG
-14.09%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $8.65 | $3.45 | 39.9% |
| 2024 | $7.35 | $2.98 | 40.5% |
| 2023 | $6.74 | $2.92 | 43.3% |
| 2022 | $5.06 | $2.86 | 56.5% |
| 2021 | $5.63 | $2.62 | 46.5% |
| 2020 | $5.19 | $2.40 |
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 |
|---|---|
| 2026-07-28 | 41.81% |
| 2026-07-27 | 41.80% |
| 2026-07-24 | 41.80% |
| 2026-07-23 | 41.81% |
| 2026-07-22 | 41.80% |
| 2026-07-21 | 41.80% |
| 2026-07-20 | 41.81% |
| 2026-07-17 | 41.80% |
| 2026-07-16 | 41.80% |
| 2026-07-15 | 41.80% |
| 2026-07-14 | 41.80% |
| 2026-07-13 | 41.81% |
| 2026-07-10 | 41.80% |
| 2026-07-09 | 41.81% |
| 2026-07-08 | 41.81% |
| 2026-07-07 | 41.80% |
| 2026-07-06 | 41.81% |
| 2026-07-02 | 41.81% |
| 2026-07-01 | 41.80% |
| 2026-06-30 | 41.80% |
| 2026-06-29 | 41.81% |
| 2026-06-26 | 41.80% |
| 2026-06-25 | 41.80% |
| 2026-06-24 | 41.81% |
| 2026-06-23 | 41.81% |
| 2026-06-22 | 41.81% |
| 2026-06-18 | 41.81% |
| 2026-06-17 | 41.80% |
| 2026-06-16 | 41.80% |
| 2026-06-15 | 51.84% |
| 2026-06-12 | 40.13% |
| 2026-06-11 | 40.14% |
| 2026-06-10 | 40.13% |
| 2026-06-09 | 40.14% |
| 2026-06-08 | 40.13% |
| 2026-06-05 | 40.13% |
| 2026-06-04 | 40.13% |
| 2026-06-03 | 40.14% |
| 2026-06-02 | 40.13% |
| 2026-06-01 | 40.14% |
| 2026-05-29 | 40.14% |
| 2026-05-28 | 40.14% |
| 2026-05-27 | 40.13% |
| 2026-05-26 | 40.13% |
| 2026-05-22 | 40.14% |
| 2026-05-21 | 40.13% |
| 2026-05-20 | 40.13% |
| 2026-05-19 | 40.13% |
| 2026-05-18 | 40.13% |
| 2026-05-15 | 40.14% |
| 2026-05-14 | 40.13% |
| 2026-05-13 | 40.14% |
| 2026-05-12 | 40.14% |
| 2026-05-11 | 40.13% |
| 2026-05-08 | 40.14% |
| 2026-05-07 | 40.14% |
| 2026-05-06 | 40.13% |
| 2026-05-05 | 40.14% |
| 2026-05-04 | 40.13% |
| 2026-05-01 | 40.14% |
| 2026-04-30 | 40.14% |
| 2026-04-29 | 40.13% |
| 2026-04-28 | 41.87% |
| 2026-04-27 | 41.86% |
| 2026-04-24 | 41.86% |
| 2026-04-23 | 41.87% |
| 2026-04-22 | 41.86% |
| 2026-04-21 | 41.86% |
| 2026-04-20 | 41.86% |
| 2026-04-17 | 41.87% |
| 2026-04-16 | 41.86% |
| 2026-04-15 | 41.86% |
| 2026-04-14 | 41.86% |
| 2026-04-13 | 41.87% |
| 2026-04-10 | 41.86% |
| 2026-04-09 | 41.86% |
| 2026-04-08 | 41.85% |
| 2026-04-07 | 41.85% |
| 2026-04-06 | 41.86% |
| 2026-04-02 | 41.85% |
| 2026-04-01 | 41.85% |
| 2026-03-31 | 41.86% |
| 2026-03-30 | 41.86% |
| 2026-03-27 | 41.86% |
| 2026-03-26 | 41.86% |
| 2026-03-25 | 41.86% |
| 2026-03-24 | 41.87% |
| 2026-03-23 | 41.87% |
| 2026-03-20 | 41.86% |
| 2026-03-19 | 41.86% |
| 2026-03-18 | 41.86% |
| 2026-03-17 | 41.86% |
| 2026-03-16 | 41.87% |
| 2026-03-13 | 50.57% |
| 2026-03-12 | 40.12% |
| 2026-03-11 | 40.11% |
| 2026-03-10 | 40.11% |
| 2026-03-09 | 40.11% |
| 2026-03-06 | 40.11% |
| 2026-03-05 | 40.12% |
| 2026-03-04 | 40.12% |
| 2026-03-03 | 40.12% |
| 2026-03-02 | 40.12% |
| 2026-02-27 | 40.12% |
| 2026-02-26 | 40.11% |
| 2026-02-25 | 40.11% |
| 2026-02-24 | 40.11% |
| 2026-02-23 | 40.11% |
| 2026-02-20 | 40.11% |
| 2026-02-19 | 40.11% |
| 2026-02-18 | 40.11% |
| 2026-02-17 | 42.49% |
| 2026-02-13 | 42.49% |
| 2026-02-12 | 42.49% |
| 2026-02-11 | 42.49% |
| 2026-02-10 | 42.49% |
| 2026-02-09 | 42.48% |
| 2026-02-06 | 42.49% |
| 2026-02-05 | 42.49% |
| 2026-02-04 | 42.49% |
| 2026-02-03 | 42.49% |
| 2026-02-02 | 42.48% |
| 2026-01-30 | 42.48% |
| 2026-01-29 | 42.48% |
| 2026-01-28 | 42.48% |
| 2026-01-27 | 42.48% |
| 2026-01-26 | 42.48% |
| 2026-01-23 | 42.49% |
| 2026-01-22 | 42.48% |
| 2026-01-21 | 42.48% |
| 2026-01-20 | 42.49% |
| 2026-01-16 | 42.48% |
| 2026-01-15 | 42.48% |
| 2026-01-14 | 42.49% |
| 2026-01-13 | 42.48% |
| 2026-01-12 | 42.49% |
| 2026-01-09 | 42.49% |
| 2026-01-08 | 42.49% |
| 2026-01-07 | 42.49% |
| 2026-01-06 | 42.48% |
| 2026-01-05 | 42.48% |
| 2026-01-02 | 42.49% |
| 2025-12-31 | 42.49% |
| 2025-12-30 | 42.49% |
| 2025-12-29 | 42.49% |
| 2025-12-26 | 42.49% |
| 2025-12-24 | 42.49% |
| 2025-12-23 | 42.49% |
| 2025-12-22 | 42.48% |
| 2025-12-19 | 42.49% |
| 2025-12-18 | 42.49% |
| 2025-12-17 | 42.48% |
| 2025-12-16 | 42.49% |
| 2025-12-15 | 42.49% |
| 2025-12-12 | 51.72% |
| 2025-12-11 | 40.64% |
| 2025-12-10 | 40.65% |
| 2025-12-09 | 40.65% |
| 2025-12-08 | 40.65% |
| 2025-12-05 | 40.64% |
| 2025-12-04 | 40.64% |
| 2025-12-03 | 40.63% |
| 2025-12-02 | 40.63% |
| 2025-12-01 | 40.65% |
| 2025-11-28 | 40.63% |
| 2025-11-26 | 40.64% |
| 2025-11-25 | 40.64% |
| 2025-11-24 | 40.63% |
| 2025-11-21 | 40.63% |
| 2025-11-20 | 40.64% |
| 2025-11-19 | 40.64% |
| 2025-11-18 | 40.64% |
| 2025-11-17 | 40.63% |
| 2025-11-14 | 40.64% |
| 2025-11-13 | 40.64% |
| 2025-11-12 | 40.64% |
| 2025-11-11 | 40.64% |
| 2025-11-10 | 40.65% |
| 2025-11-07 | 40.63% |
| 2025-11-06 | 40.64% |
| 2025-11-05 | 40.65% |
| 2025-11-04 | 40.64% |
| 2025-11-03 | 40.64% |
| 2025-10-31 | 40.64% |
| 2025-10-30 | 40.63% |
| 2025-10-29 | 40.65% |
| 2025-10-28 | 40.69% |
| 2025-10-27 | 40.69% |
| 2025-10-24 | 40.69% |
| 2025-10-23 | 40.69% |
| 2025-10-22 | 40.69% |
| 2025-10-21 | 40.69% |
| 2025-10-20 | 40.69% |
| 2025-10-17 | 40.69% |
| 2025-10-16 | 40.68% |
| 2025-10-15 | 40.70% |
| 2025-10-14 | 40.69% |
| 2025-10-13 | 40.69% |
| 2025-10-10 | 40.69% |
| 2025-10-09 | 40.69% |
| 2025-10-08 | 40.69% |
| 2025-10-07 | 40.70% |
| 2025-10-06 | 40.69% |
| 2025-10-03 | 40.69% |
| 2025-10-02 | 40.69% |
| 2025-10-01 | 40.68% |
| 2025-09-30 | 40.69% |
| 2025-09-29 | 40.68% |
| 2025-09-26 | 40.69% |
| 2025-09-25 | 40.70% |
| 2025-09-24 | 40.68% |
| 2025-09-23 | 40.69% |
| 2025-09-22 | 40.70% |
| 2025-09-19 | 40.69% |
| 2025-09-18 | 40.68% |
| 2025-09-17 | 40.70% |
| 2025-09-16 | 40.69% |
| 2025-09-15 | 40.69% |
| 2025-09-12 | 49.94% |
| 2025-09-11 | 38.84% |
| 2025-09-10 | 38.83% |
| 2025-09-09 | 38.84% |
| 2025-09-08 | 38.84% |
| 2025-09-05 | 38.84% |
| 2025-09-04 | 38.83% |
| 2025-09-03 | 38.84% |
| 2025-09-02 | 38.84% |
| 2025-08-29 | 38.84% |
| 2025-08-28 | 38.84% |
| 2025-08-27 | 38.84% |
| 2025-08-26 | 38.84% |
| 2025-08-25 | 38.85% |
| 2025-08-22 | 38.84% |
| 2025-08-21 | 38.84% |
| 2025-08-20 | 38.84% |
| 2025-08-19 | 38.85% |
| 2025-08-18 | 38.84% |
| 2025-08-15 | 38.84% |
| 2025-08-14 | 38.84% |
| 2025-08-13 | 38.84% |
| 2025-08-12 | 38.84% |
| 2025-08-11 | 38.85% |
| 2025-08-08 | 38.84% |
| 2025-08-07 | 38.84% |
| 2025-08-06 | 38.84% |
| 2025-08-05 | 38.84% |
| 2025-08-04 | 38.84% |
| 2025-08-01 | 38.84% |
| 2025-07-31 | 38.84% |
| 2025-07-30 | 38.84% |
| 2025-07-29 | 41.45% |
| 2025-07-28 | 41.45% |
| 2025-07-25 | 41.44% |
| 2025-07-24 | 41.45% |
| 2025-07-23 | 41.45% |
| 2025-07-22 | 41.44% |
| 2025-07-21 | 41.45% |
| 2025-07-18 | 41.45% |
| 2025-07-17 | 41.45% |
| 2025-07-16 | 41.44% |
Showing the most recent 260 of 2,595 data points. The chart above shows the full history.
| 46.2% |
| 2019 | $5.01 | $2.24 | 44.7% |
| 2018 | $3.68 | $2.10 | 57.1% |
| 2017 | $3.70 | $2.04 | 55.1% |
| 2016 | $2.71 | $2.04 | 75.3% |
| 2015 | $2.39 | $2.01 | 84.1% |
| 2014 | $1.89 | $1.89 | 100.0% |
| 2013 | $3.13 | $1.80 | 57.5% |
| 2012 | $2.78 | $1.75 | 62.9% |
| 2011 | $2.68 | $1.60 | 59.7% |
| 2010 | $2.97 | $1.50 | 50.5% |
| 2009 | $3.51 | $0.75 | 21.4% |
| 2008 | $3.51 | $0.75 | 21.4% |
| 2007 | $3.95 | $0.75 | 19.0% |
| 2006 | $2.38 | $0.50 | 21.0% |
| 2005 | $1.44 | $0.25 | 17.4% |
| 2004 | $0.95 | $0.25 | 26.3% |
| 2003 | $0.83 | $0.25 | 30.1% |
| 2002 | $0.66 | $0.00 | 0.0% |
| 2001 | $0.53 | $0.00 | 0.0% |
| 2000 | $0.53 | $0.00 | 0.0% |
| 1999 | $0.32 | $0.00 | 0.0% |
