Basis: Latest reported fiscal year. 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 59.91% is 41% above its 5-year average of 42.57%, near the high end of its 5-year range (20.68%–59.91%).
As of the fiscal period ended Wednesday, December 31, 2025. 0.55% above its 12-month average of 59.58%.
Dividend Payout Ratio (59.91%) = TTM Dividends/Share ($2.92) / TTM EPS ($4.87)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted.
DIVIDEND PAYOUT RATIO
59.91%
DIVIDEND PAYOUT RATIO AVG TTM
59.58%
DIVIDEND PAYOUT RATIO AVG 3Y
59.58%
DIVIDEND PAYOUT RATIO AVG 5Y
42.57%
DIVIDEND PAYOUT RATIO AVG 10Y
45.97%
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+0.55%
CURRENT VS 3Y AVG
+0.55%
CURRENT VS 5Y AVG
+40.72%
CURRENT VS 10Y AVG
+30.31%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $4.87 | $2.92 | 59.9% |
| 2024 | $4.55 | $2.69 | 59.2% |
| 2023 | $4.55 | $1.42 | 31.2% |
| 2022 | $3.45 | $0.86 | 25.0% |
| 2021 | $2.66 | $0.55 | 20.6% |
| 2020 | $1.62 | $0.49 | 30.4% |
| 2019 | $1.65 | $0.51 | 31.2% |
| 2018 | $1.55 | $0.50 | 32.4% |
| 2017 | $1.40 | $0.41 | 29.2% |
| 2016 | $1.10 | $0.38 | 34.3% |
| 2015 | $1.01 | $0.89 | 88.0% |
| 2014 | $0.99 | $0.37 | 37.2% |
| 2013 | $1.05 | $0.33 | 31.2% |
| 2012 | $0.94 | $0.89 | 95.5% |
| 2011 | $0.74 | $0.21 | 28.4% |
| 2010 | $0.54 | $0.00 | 0.0% |
| 2009 | $0.40 | $0.00 | 0.0% |
| 2008 | $0.39 | $0.00 | 0.0% |
| 2007 | $0.39 | $0.00 | 0.0% |
| 2006 | $0.33 | $0.00 | 0.0% |
| 2005 | $0.27 | $0.00 | 0.0% |
| 2004 | $0.26 | $0.00 | 0.0% |
| 2003 | $0.25 | $0.00 | 0.0% |
| 2002 | $0.21 | $0.00 | 0.0% |
| 2001 | $0.16 | $0.00 | 0.0% |
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 |
|---|---|
| 2025-12-31 | 59.91% |
| 2024-12-31 | 59.25% |
| 2021-12-31 | 20.68% |
| 2020-12-31 | 30.46% |
| 2019-12-31 | 31.30% |
| 2018-12-31 | 32.34% |
| 2015-12-31 | 87.88% |
| 2014-12-31 | 37.01% |
| 2013-12-31 | 31.29% |
| 2012-12-31 | 95.29% |
