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 106.44% is in line with its 5-year average of 111.67%, around the middle of its 5-year range (82.44%–152.98%).
As of Thursday, October 1, 2026. 1.88% above its 12-month average of 104.48%.
Dividend Payout Ratio (106.44%) = TTM Dividends/Share ($3.09) / TTM EPS ($2.90)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-01.
DIVIDEND PAYOUT RATIO
106.44%
DIVIDEND PAYOUT RATIO AVG TTM
104.48%
DIVIDEND PAYOUT RATIO AVG 3Y
109.57%
DIVIDEND PAYOUT RATIO AVG 5Y
111.67%
DIVIDEND PAYOUT RATIO AVG 10Y
115.72%
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+1.88%
CURRENT VS 3Y AVG
-2.86%
CURRENT VS 5Y AVG
-4.69%
CURRENT VS 10Y AVG
-8.02%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $2.87 | $2.90 | 101.1% |
| 2024-12-31 | $2.51 | $2.64 | 105.1% |
| 2023-12-31 | $2.11 | $2.37 | 112.5% |
| 2022-12-31 | $2.03 | $2.18 | 107.6% |
| 2021-12-31 | $1.76 | $1.91 | 108.8% |
| 2020-12-31 | $1.33 |
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 |
|---|---|
| 2026-10-01 | 106.44% |
| 2026-09-30 | 106.48% |
| 2026-09-29 | 106.48% |
| 2026-09-28 | 106.45% |
| 2026-09-25 | 106.45% |
| 2026-09-24 | 106.48% |
| 2026-09-23 | 106.43% |
| 2026-09-22 | 106.47% |
| 2026-09-21 | 106.46% |
| 2026-09-18 | 106.46% |
| 2026-09-17 | 106.41% |
| 2026-09-16 | 106.46% |
| 2026-09-15 | 106.43% |
| 2026-09-14 | 106.48% |
| 2026-09-11 | 106.42% |
| 2026-09-10 | 106.43% |
| 2026-09-09 | 106.45% |
| 2026-09-08 | 106.46% |
| 2026-09-04 | 106.43% |
| 2026-09-03 | 106.43% |
| 2026-09-02 | 106.42% |
| 2026-09-01 | 106.43% |
| 2026-08-31 | 106.48% |
| 2026-08-28 | 106.43% |
| 2026-08-27 | 106.41% |
| 2026-08-26 | 106.44% |
| 2026-08-25 | 106.48% |
| 2026-08-24 | 106.48% |
| 2026-08-21 | 106.47% |
| 2026-08-20 | 106.42% |
| 2026-08-19 | 106.47% |
| 2026-08-18 | 106.47% |
| 2026-08-17 | 106.48% |
| 2026-08-14 | 106.48% |
| 2026-08-13 | 106.47% |
| 2026-08-12 | 106.44% |
| 2026-08-11 | 106.45% |
| 2026-08-10 | 106.47% |
| 2026-08-07 | 106.41% |
| 2026-08-06 | 132.31% |
| 2026-08-05 | 105.00% |
| 2026-08-04 | 105.04% |
| 2026-08-03 | 105.04% |
| 2026-07-31 | 105.04% |
| 2026-07-30 | 104.99% |
| 2026-07-29 | 105.05% |
| 2026-07-28 | 104.99% |
| 2026-07-27 | 105.06% |
| 2026-07-24 | 105.00% |
| 2026-07-23 | 105.04% |
| 2026-07-22 | 105.04% |
| 2026-07-21 | 105.02% |
| 2026-07-20 | 105.02% |
| 2026-07-17 | 105.03% |
| 2026-07-16 | 105.06% |
| 2026-07-15 | 105.06% |
| 2026-07-14 | 105.03% |
| 2026-07-13 | 105.04% |
| 2026-07-10 | 105.05% |
| 2026-07-09 | 105.03% |
| 2026-07-08 | 105.01% |
| 2026-07-07 | 105.05% |
| 2026-07-06 | 105.01% |
| 2026-07-02 | 104.99% |
| 2026-07-01 | 105.05% |
| 2026-06-30 | 105.02% |
| 2026-06-29 | 105.02% |
| 2026-06-26 | 104.98% |
| 2026-06-25 | 105.04% |
| 2026-06-24 | 105.02% |
| 2026-06-23 | 105.03% |
| 2026-06-22 | 105.06% |
| 2026-06-18 | 105.02% |
| 2026-06-17 | 105.05% |
| 2026-06-16 | 105.01% |
| 2026-06-15 | 105.01% |
| 2026-06-12 | 105.03% |
| 2026-06-11 | 105.05% |
| 2026-06-10 | 105.03% |
| 2026-06-09 | 105.02% |
| 2026-06-08 | 104.99% |
| 2026-06-05 | 105.00% |
| 2026-06-04 | 104.99% |
| 2026-06-03 | 105.01% |
| 2026-06-02 | 104.98% |
| 2026-06-01 | 105.01% |
| 2026-05-29 | 105.05% |
| 2026-05-28 | 105.05% |
| 2026-05-27 | 105.05% |
| 2026-05-26 | 105.03% |
| 2026-05-22 | 105.05% |
| 2026-05-21 | 105.03% |
| 2026-05-20 | 105.03% |
| 2026-05-19 | 105.00% |
| 2026-05-18 | 105.03% |
| 2026-05-15 | 105.05% |
| 2026-05-14 | 104.99% |
| 2026-05-13 | 105.00% |
| 2026-05-12 | 105.01% |
| 2026-05-11 | 105.02% |
| 2026-05-08 | 105.04% |
| 2026-05-07 | 130.94% |
| 2026-05-06 | 103.67% |
| 2026-05-05 | 103.70% |
| 2026-05-04 | 103.71% |
| 2026-05-01 | 103.71% |
| 2026-04-30 | 103.69% |
| 2026-04-29 | 103.71% |
| 2026-04-28 | 103.69% |
| 2026-04-27 | 103.66% |
| 2026-04-24 | 103.73% |
| 2026-04-23 | 103.71% |
| 2026-04-22 | 103.66% |
| 2026-04-21 | 103.71% |
| 2026-04-20 | 103.70% |
| 2026-04-17 | 103.69% |
| 2026-04-16 | 103.70% |
| 2026-04-15 | 103.66% |
| 2026-04-14 | 103.70% |
| 2026-04-13 | 103.73% |
| 2026-04-10 | 103.73% |
| 2026-04-09 | 103.71% |
| 2026-04-08 | 103.70% |
| 2026-04-07 | 103.71% |
| 2026-04-06 | 103.66% |
| 2026-04-02 | 103.70% |
| 2026-04-01 | 103.71% |
| 2026-03-31 | 103.69% |
| 2026-03-30 | 103.69% |
| 2026-03-27 | 103.68% |
| 2026-03-26 | 103.70% |
| 2026-03-25 | 103.71% |
| 2026-03-24 | 103.68% |
| 2026-03-23 | 103.66% |
| 2026-03-20 | 103.68% |
| 2026-03-19 | 103.66% |
| 2026-03-18 | 103.72% |
| 2026-03-17 | 103.67% |
| 2026-03-16 | 103.73% |
| 2026-03-13 | 103.67% |
| 2026-03-12 | 103.71% |
| 2026-03-11 | 103.71% |
| 2026-03-10 | 103.69% |
| 2026-03-09 | 103.71% |
| 2026-03-06 | 103.72% |
| 2026-03-05 | 103.69% |
| 2026-03-04 | 103.71% |
| 2026-03-03 | 103.69% |
| 2026-03-02 | 103.71% |
| 2026-02-27 | 103.66% |
| 2026-02-26 | 103.70% |
| 2026-02-25 | 105.20% |
| 2026-02-24 | 105.17% |
| 2026-02-23 | 105.18% |
| 2026-02-20 | 105.20% |
| 2026-02-19 | 105.13% |
| 2026-02-18 | 105.15% |
| 2026-02-17 | 105.15% |
| 2026-02-13 | 105.19% |
| 2026-02-12 | 105.20% |
| 2026-02-11 | 105.18% |
| 2026-02-10 | 105.18% |
| 2026-02-09 | 105.13% |
| 2026-02-06 | 105.16% |
| 2026-02-05 | 130.00% |
| 2026-02-04 | 102.93% |
| 2026-02-03 | 102.95% |
| 2026-02-02 | 102.93% |
| 2026-01-30 | 102.95% |
| 2026-01-29 | 102.94% |
| 2026-01-28 | 102.92% |
| 2026-01-27 | 102.93% |
| 2026-01-26 | 102.96% |
| 2026-01-23 | 102.90% |
| 2026-01-22 | 102.90% |
| 2026-01-21 | 102.94% |
| 2026-01-20 | 102.92% |
| 2026-01-16 | 102.93% |
| 2026-01-15 | 102.92% |
| 2026-01-14 | 102.97% |
| 2026-01-13 | 102.97% |
| 2026-01-12 | 102.98% |
| 2026-01-09 | 102.91% |
| 2026-01-08 | 102.92% |
| 2026-01-07 | 102.90% |
| 2026-01-06 | 102.91% |
| 2026-01-05 | 102.95% |
| 2026-01-02 | 102.96% |
| 2025-12-31 | 102.90% |
| 2025-12-30 | 102.91% |
| 2025-12-29 | 102.92% |
| 2025-12-26 | 102.98% |
| 2025-12-24 | 102.96% |
| 2025-12-23 | 102.90% |
| 2025-12-22 | 102.98% |
| 2025-12-19 | 102.96% |
| 2025-12-18 | 102.95% |
| 2025-12-17 | 102.92% |
| 2025-12-16 | 102.95% |
| 2025-12-15 | 102.89% |
| 2025-12-12 | 102.93% |
| 2025-12-11 | 102.97% |
| 2025-12-10 | 102.91% |
| 2025-12-09 | 102.92% |
| 2025-12-08 | 102.97% |
| 2025-12-05 | 102.90% |
| 2025-12-04 | 102.96% |
| 2025-12-03 | 102.94% |
| 2025-12-02 | 102.94% |
| 2025-12-01 | 102.94% |
| 2025-11-28 | 102.91% |
| 2025-11-26 | 102.95% |
| 2025-11-25 | 102.94% |
| 2025-11-24 | 102.97% |
| 2025-11-21 | 102.94% |
| 2025-11-20 | 102.93% |
| 2025-11-19 | 102.92% |
| 2025-11-18 | 102.92% |
| 2025-11-17 | 102.94% |
| 2025-11-14 | 102.91% |
| 2025-11-13 | 102.93% |
| 2025-11-12 | 102.95% |
| 2025-11-11 | 102.93% |
| 2025-11-10 | 102.95% |
| 2025-11-07 | 102.89% |
| 2025-11-06 | 132.89% |
| 2025-11-05 | 104.89% |
| 2025-11-04 | 104.92% |
| 2025-11-03 | 104.94% |
| 2025-10-31 | 104.88% |
| 2025-10-30 | 104.87% |
| 2025-10-29 | 104.91% |
| 2025-10-28 | 104.94% |
| 2025-10-27 | 104.92% |
| 2025-10-24 | 104.91% |
| 2025-10-23 | 104.94% |
| 2025-10-22 | 104.88% |
| 2025-10-21 | 104.87% |
| 2025-10-20 | 104.92% |
| 2025-10-17 | 104.88% |
| 2025-10-16 | 104.94% |
| 2025-10-15 | 104.91% |
| 2025-10-14 | 104.90% |
| 2025-10-13 | 104.89% |
| 2025-10-10 | 104.95% |
| 2025-10-09 | 104.88% |
| 2025-10-08 | 104.90% |
| 2025-10-07 | 104.87% |
| 2025-10-06 | 104.94% |
| 2025-10-03 | 104.87% |
| 2025-10-02 | 104.92% |
| 2025-10-01 | 104.88% |
| 2025-09-30 | 104.94% |
| 2025-09-29 | 104.93% |
| 2025-09-26 | 104.89% |
| 2025-09-25 | 104.90% |
| 2025-09-24 | 104.95% |
| 2025-09-23 | 104.88% |
| 2025-09-22 | 104.87% |
| 2025-09-19 | 104.94% |
Showing the most recent 260 of 2,304 data points. The chart above shows the full history.
| $1.73 |
| 130.4% |
| 2019-12-31 | $1.22 | $1.56 | 128.0% |
| 2018-12-31 | $1.27 | $1.36 | 106.9% |
| 2017-12-31 | $0.75 | $0.58 | 77.5% |
