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 46.25% is in line with its 5-year average of 51.18%, near the low end of its 5-year range (39.97%–85.44%).
As of Wednesday, August 5, 2026. 2.04% above its 12-month average of 45.33%.
Dividend Payout Ratio (46.25%) = TTM Dividends/Share ($0.62) / TTM EPS ($1.34)
DIVIDEND PAYOUT RATIO
46.25%
DIVIDEND PAYOUT RATIO AVG TTM
45.33%
DIVIDEND PAYOUT RATIO AVG 3Y
47.82%
DIVIDEND PAYOUT RATIO AVG 5Y
49.70%
DIVIDEND PAYOUT RATIO AVG 10Y
47.01%
DIVIDEND PAYOUT RATIO AVG 15Y
39.91%
DIVIDEND PAYOUT RATIO AVG 20Y
43.17%
CURRENT VS TTM AVG
+2.04%
CURRENT VS 3Y AVG
-3.27%
CURRENT VS 5Y AVG
-6.94%
CURRENT VS 10Y AVG
-1.60%
CURRENT VS 15Y AVG
+15.90%
CURRENT VS 20Y AVG
+7.15%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $1.41 | $0.62 | 44.0% |
| 2024 | $1.24 | $0.62 | 50.0% |
| 2023 | $1.26 | $0.62 | 49.2% |
| 2022 | $1.47 | $0.62 | 42.2% |
| 2021 | $0.91 | $0.60 | 66.5% |
| 2020 | $0.70 | $0.60 |
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 |
|---|---|
| 2026-08-04 | 46.25% |
| 2026-08-03 | 46.29% |
| 2026-07-31 | 46.28% |
| 2026-07-30 | 46.28% |
| 2026-07-29 | 46.28% |
| 2026-07-28 | 46.27% |
| 2026-07-27 | 47.69% |
| 2026-07-24 | 47.68% |
| 2026-07-23 | 47.68% |
| 2026-07-22 | 47.68% |
| 2026-07-21 | 47.70% |
| 2026-07-20 | 47.68% |
| 2026-07-17 | 47.70% |
| 2026-07-16 | 47.70% |
| 2026-07-15 | 47.70% |
| 2026-07-14 | 47.69% |
| 2026-07-13 | 47.68% |
| 2026-07-10 | 47.71% |
| 2026-07-09 | 47.69% |
| 2026-07-08 | 47.69% |
| 2026-07-07 | 47.68% |
| 2026-07-06 | 47.69% |
| 2026-07-02 | 47.70% |
| 2026-07-01 | 47.69% |
| 2026-06-30 | 47.70% |
| 2026-06-29 | 47.70% |
| 2026-06-26 | 47.68% |
| 2026-06-25 | 47.69% |
| 2026-06-24 | 47.68% |
| 2026-06-23 | 47.68% |
| 2026-06-22 | 47.71% |
| 2026-06-18 | 47.70% |
| 2026-06-17 | 47.69% |
| 2026-06-16 | 47.68% |
| 2026-06-15 | 47.70% |
| 2026-06-12 | 47.70% |
| 2026-06-11 | 47.70% |
| 2026-06-10 | 47.68% |
| 2026-06-09 | 47.70% |
| 2026-06-08 | 47.67% |
| 2026-06-05 | 47.70% |
| 2026-06-04 | 47.71% |
| 2026-06-03 | 47.68% |
| 2026-06-02 | 47.67% |
| 2026-06-01 | 47.70% |
| 2026-05-29 | 47.67% |
| 2026-05-28 | 47.69% |
| 2026-05-27 | 47.69% |
| 2026-05-26 | 47.68% |
| 2026-05-22 | 47.71% |
| 2026-05-21 | 47.68% |
| 2026-05-20 | 47.70% |
| 2026-05-19 | 47.68% |
| 2026-05-18 | 47.70% |
| 2026-05-15 | 47.68% |
| 2026-05-14 | 47.69% |
| 2026-05-13 | 47.70% |
| 2026-05-12 | 47.67% |
| 2026-05-11 | 47.70% |
| 2026-05-08 | 47.69% |
| 2026-05-07 | 47.68% |
| 2026-05-06 | 47.69% |
| 2026-05-05 | 47.68% |
| 2026-05-04 | 47.69% |
| 2026-05-01 | 47.68% |
| 2026-04-30 | 47.68% |
| 2026-04-29 | 44.59% |
| 2026-04-28 | 44.62% |
| 2026-04-27 | 44.60% |
| 2026-04-24 | 44.61% |
| 2026-04-23 | 44.61% |
| 2026-04-22 | 44.60% |
| 2026-04-21 | 44.61% |
| 2026-04-20 | 44.59% |
| 2026-04-17 | 44.60% |
| 2026-04-16 | 44.60% |
| 2026-04-15 | 44.59% |
| 2026-04-14 | 44.62% |
| 2026-04-13 | 44.62% |
| 2026-04-10 | 44.59% |
| 2026-04-09 | 44.62% |
| 2026-04-08 | 44.59% |
| 2026-04-07 | 44.59% |
| 2026-04-06 | 44.61% |
| 2026-04-02 | 44.61% |
| 2026-04-01 | 44.59% |
| 2026-03-31 | 44.61% |
| 2026-03-30 | 44.62% |
| 2026-03-27 | 44.61% |
| 2026-03-26 | 44.60% |
| 2026-03-25 | 44.60% |
| 2026-03-24 | 44.62% |
| 2026-03-23 | 44.60% |
| 2026-03-20 | 44.62% |
| 2026-03-19 | 44.59% |
| 2026-03-18 | 44.60% |
| 2026-03-17 | 44.60% |
| 2026-03-16 | 44.59% |
| 2026-03-13 | 44.59% |
| 2026-03-12 | 44.62% |
| 2026-03-11 | 44.60% |
| 2026-03-10 | 44.59% |
| 2026-03-09 | 44.62% |
| 2026-03-06 | 44.59% |
| 2026-03-05 | 44.60% |
| 2026-03-04 | 44.61% |
| 2026-03-03 | 44.60% |
| 2026-03-02 | 44.61% |
| 2026-02-27 | 44.62% |
| 2026-02-26 | 44.61% |
| 2026-02-25 | 44.60% |
| 2026-02-24 | 44.59% |
| 2026-02-23 | 44.61% |
| 2026-02-20 | 44.62% |
| 2026-02-19 | 44.60% |
| 2026-02-18 | 44.60% |
| 2026-02-17 | 44.61% |
| 2026-02-13 | 44.61% |
| 2026-02-12 | 43.36% |
| 2026-02-11 | 43.36% |
| 2026-02-10 | 43.37% |
| 2026-02-09 | 43.37% |
| 2026-02-06 | 43.37% |
| 2026-02-05 | 43.35% |
| 2026-02-04 | 43.35% |
| 2026-02-03 | 43.36% |
| 2026-02-02 | 43.34% |
| 2026-01-30 | 43.34% |
| 2026-01-29 | 43.35% |
| 2026-01-28 | 43.36% |
| 2026-01-27 | 43.36% |
| 2026-01-26 | 43.37% |
| 2026-01-23 | 43.35% |
| 2026-01-22 | 43.37% |
| 2026-01-21 | 43.37% |
| 2026-01-20 | 43.36% |
| 2026-01-16 | 43.35% |
| 2026-01-15 | 43.35% |
| 2026-01-14 | 43.34% |
| 2026-01-13 | 43.36% |
| 2026-01-12 | 43.37% |
| 2026-01-09 | 43.37% |
| 2026-01-08 | 43.37% |
| 2026-01-07 | 43.37% |
| 2026-01-06 | 43.37% |
| 2026-01-05 | 43.34% |
| 2026-01-02 | 43.34% |
| 2025-12-31 | 43.35% |
| 2025-12-30 | 43.37% |
| 2025-12-29 | 43.34% |
| 2025-12-26 | 43.37% |
| 2025-12-24 | 43.37% |
| 2025-12-23 | 43.36% |
| 2025-12-22 | 43.35% |
| 2025-12-19 | 43.35% |
| 2025-12-18 | 43.35% |
| 2025-12-17 | 43.35% |
| 2025-12-16 | 43.36% |
| 2025-12-15 | 43.37% |
| 2025-12-12 | 43.35% |
| 2025-12-11 | 43.34% |
| 2025-12-10 | 43.36% |
| 2025-12-09 | 43.35% |
| 2025-12-08 | 43.37% |
| 2025-12-05 | 43.36% |
| 2025-12-04 | 43.36% |
| 2025-12-03 | 43.37% |
| 2025-12-02 | 43.36% |
| 2025-12-01 | 43.37% |
| 2025-11-28 | 43.36% |
| 2025-11-26 | 43.37% |
| 2025-11-25 | 43.34% |
| 2025-11-24 | 43.37% |
| 2025-11-21 | 43.34% |
| 2025-11-20 | 43.34% |
| 2025-11-19 | 43.38% |
| 2025-11-18 | 43.34% |
| 2025-11-17 | 43.36% |
| 2025-11-14 | 43.36% |
| 2025-11-13 | 43.37% |
| 2025-11-12 | 43.34% |
| 2025-11-11 | 43.35% |
| 2025-11-10 | 43.37% |
| 2025-11-07 | 43.35% |
| 2025-11-06 | 43.34% |
| 2025-11-05 | 43.35% |
| 2025-11-04 | 43.36% |
| 2025-11-03 | 43.36% |
| 2025-10-31 | 43.37% |
| 2025-10-30 | 43.34% |
| 2025-10-29 | 43.35% |
| 2025-10-28 | 43.37% |
| 2025-10-27 | 45.95% |
| 2025-10-24 | 45.91% |
| 2025-10-23 | 45.93% |
| 2025-10-22 | 45.94% |
| 2025-10-21 | 45.94% |
| 2025-10-20 | 45.91% |
| 2025-10-17 | 45.92% |
| 2025-10-16 | 45.95% |
| 2025-10-15 | 45.94% |
| 2025-10-14 | 45.91% |
| 2025-10-13 | 45.93% |
| 2025-10-10 | 45.94% |
| 2025-10-09 | 45.91% |
| 2025-10-08 | 45.91% |
| 2025-10-07 | 45.91% |
| 2025-10-06 | 45.93% |
| 2025-10-03 | 45.93% |
| 2025-10-02 | 45.92% |
| 2025-10-01 | 45.92% |
| 2025-09-30 | 45.92% |
| 2025-09-29 | 45.92% |
| 2025-09-26 | 45.91% |
| 2025-09-25 | 45.93% |
| 2025-09-24 | 45.94% |
| 2025-09-23 | 45.92% |
| 2025-09-22 | 45.94% |
| 2025-09-19 | 45.94% |
| 2025-09-18 | 45.94% |
| 2025-09-17 | 45.92% |
| 2025-09-16 | 45.92% |
| 2025-09-15 | 45.93% |
| 2025-09-12 | 45.92% |
| 2025-09-11 | 45.92% |
| 2025-09-10 | 45.92% |
| 2025-09-09 | 45.94% |
| 2025-09-08 | 45.91% |
| 2025-09-05 | 45.93% |
| 2025-09-04 | 45.91% |
| 2025-09-03 | 45.91% |
| 2025-09-02 | 45.94% |
| 2025-08-29 | 45.92% |
| 2025-08-28 | 45.94% |
| 2025-08-27 | 45.94% |
| 2025-08-26 | 45.94% |
| 2025-08-25 | 45.94% |
| 2025-08-22 | 45.93% |
| 2025-08-21 | 45.92% |
| 2025-08-20 | 45.91% |
| 2025-08-19 | 45.92% |
| 2025-08-18 | 45.94% |
| 2025-08-15 | 45.91% |
| 2025-08-14 | 45.92% |
| 2025-08-13 | 45.94% |
| 2025-08-12 | 45.93% |
| 2025-08-11 | 45.93% |
| 2025-08-08 | 45.93% |
| 2025-08-07 | 45.94% |
| 2025-08-06 | 45.92% |
| 2025-08-05 | 45.93% |
| 2025-08-04 | 45.92% |
| 2025-08-01 | 45.92% |
| 2025-07-31 | 45.92% |
| 2025-07-30 | 45.92% |
| 2025-07-29 | 45.94% |
| 2025-07-28 | 47.32% |
| 2025-07-25 | 47.31% |
| 2025-07-24 | 47.32% |
| 2025-07-23 | 47.33% |
Showing the most recent 260 of 2,401 data points. The chart above shows the full history.
| 85.7% |
| 2019 | $1.29 | $0.58 | 45.0% |
| 2018 | $1.22 | $0.50 | 41.0% |
| 2017 | $1.02 | $0.35 | 34.3% |
| 2016 | $0.69 | $0.29 | 42.0% |
| 2015 | $0.82 | $0.25 | 30.5% |
| 2014 | $0.73 | $0.21 | 28.8% |
| 2013 | $0.73 | $0.19 | 26.0% |
| 2012 | $0.71 | $0.16 | 22.5% |
| 2011 | $0.59 | $0.10 | 16.9% |
| 2010 | $0.19 | $0.04 | 21.1% |
| 2009 | ($6.14) | $0.04 | N/A (Loss) |
| 2008 | ($0.44) | $0.66 | N/A (Loss) |
| 2007 | $0.25 | $1.06 | 424.0% |
| 2006 | $1.95 | $1.00 | 51.3% |
| 2005 | $1.79 | $0.84 | 47.2% |
| 2004 | $1.74 | $0.75 | 43.1% |
| 2003 | $1.62 | $0.67 | 41.4% |
| 2002 | $1.34 | $0.64 | 47.8% |
| 2001 | $0.54 | $0.72 | 133.3% |
| 2000 | $1.30 | $0.76 | 58.7% |
| 1999 | $1.63 | $0.69 | 42.6% |
| 1998 | $1.18 | $0.63 | 53.5% |
| 1997 | $1.27 | $0.57 | 45.2% |
| 1996 | $1.31 | $0.52 | 39.8% |
