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 113.61% is 34% above its 4-year average of 84.91%, near the high end of its 4-year range (8.45%–116.17%).
As of Friday, September 11, 2026. 19.97% above its 12-month average of 94.70%.
Dividend Payout Ratio (113.61%) = TTM Dividends/Share ($1.67) / TTM EPS ($1.47)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
113.61%
DIVIDEND PAYOUT RATIO AVG TTM
94.70%
DIVIDEND PAYOUT RATIO AVG 3Y
94.61%
DIVIDEND PAYOUT RATIO AVG 5Y
84.91%
DIVIDEND PAYOUT RATIO AVG 10Y
83.13%
DIVIDEND PAYOUT RATIO AVG 15Y
86.83%
DIVIDEND PAYOUT RATIO AVG 20Y
83.51%
CURRENT VS TTM AVG
+19.97%
CURRENT VS 3Y AVG
+20.09%
CURRENT VS 5Y AVG
+33.80%
CURRENT VS 10Y AVG
+36.67%
CURRENT VS 15Y AVG
+30.84%
CURRENT VS 20Y AVG
+36.04%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $1.10 | $0.95 | 86.4% |
| 2024-12-31 | $0.99 | $1.00 | 101.0% |
| 2023-12-31 | $1.04 | $0.90 | 86.5% |
| 2022-12-31 | $0.89 | $0.53 | 59.6% |
| 2021-12-31 | ($0.02) | $0.00 | N/A (Loss) |
| 2020-12-31 | ($1.05) |
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 |
|---|---|
| 2026-09-11 | 113.61% |
| 2026-09-10 | 113.60% |
| 2026-09-09 | 113.58% |
| 2026-09-08 | 113.58% |
| 2026-09-04 | 113.61% |
| 2026-09-03 | 113.61% |
| 2026-09-02 | 113.60% |
| 2026-09-01 | 113.60% |
| 2026-08-31 | 113.62% |
| 2026-08-28 | 113.63% |
| 2026-08-27 | 113.63% |
| 2026-08-26 | 113.62% |
| 2026-08-25 | 113.63% |
| 2026-08-24 | 113.64% |
| 2026-08-21 | 113.61% |
| 2026-08-20 | 113.62% |
| 2026-08-19 | 113.62% |
| 2026-08-18 | 113.59% |
| 2026-08-17 | 113.63% |
| 2026-08-14 | 113.62% |
| 2026-08-13 | 113.63% |
| 2026-08-12 | 113.60% |
| 2026-08-11 | 113.58% |
| 2026-08-10 | 113.59% |
| 2026-08-07 | 115.16% |
| 2026-08-06 | 115.14% |
| 2026-08-05 | 115.17% |
| 2026-08-04 | 115.19% |
| 2026-08-03 | 115.15% |
| 2026-07-31 | 115.17% |
| 2026-07-30 | 115.15% |
| 2026-07-29 | 115.15% |
| 2026-07-28 | 115.20% |
| 2026-07-27 | 115.17% |
| 2026-07-24 | 115.20% |
| 2026-07-23 | 115.14% |
| 2026-07-22 | 115.20% |
| 2026-07-21 | 115.21% |
| 2026-07-20 | 115.15% |
| 2026-07-17 | 115.17% |
| 2026-07-16 | 115.14% |
| 2026-07-15 | 115.15% |
| 2026-07-14 | 115.14% |
| 2026-07-13 | 115.17% |
| 2026-07-10 | 115.20% |
| 2026-07-09 | 115.16% |
| 2026-07-08 | 115.20% |
| 2026-07-07 | 115.15% |
| 2026-07-06 | 115.14% |
| 2026-07-02 | 115.15% |
| 2026-07-01 | 115.15% |
| 2026-06-30 | 115.16% |
| 2026-06-29 | 65.53% |
| 2026-06-26 | 65.51% |
| 2026-06-25 | 65.53% |
| 2026-06-24 | 65.51% |
| 2026-06-23 | 65.53% |
| 2026-06-22 | 65.51% |
| 2026-06-18 | 65.52% |
| 2026-06-17 | 65.52% |
| 2026-06-16 | 65.51% |
| 2026-06-15 | 65.52% |
| 2026-06-12 | 65.53% |
| 2026-06-11 | 65.53% |
| 2026-06-10 | 65.53% |
| 2026-06-09 | 65.53% |
| 2026-06-08 | 65.54% |
| 2026-06-05 | 65.52% |
| 2026-06-04 | 65.51% |
| 2026-06-03 | 65.52% |
| 2026-06-02 | 65.52% |
| 2026-06-01 | 65.53% |
| 2026-05-29 | 65.52% |
| 2026-05-28 | 65.54% |
| 2026-05-27 | 65.50% |
| 2026-05-26 | 65.53% |
| 2026-05-22 | 65.50% |
| 2026-05-21 | 65.54% |
| 2026-05-20 | 65.52% |
| 2026-05-19 | 65.53% |
| 2026-05-18 | 65.51% |
| 2026-05-15 | 65.50% |
| 2026-05-14 | 65.54% |
| 2026-05-13 | 65.52% |
| 2026-05-12 | 65.53% |
| 2026-05-11 | 65.51% |
| 2026-05-08 | 87.15% |
| 2026-05-07 | 87.15% |
| 2026-05-06 | 87.16% |
| 2026-05-05 | 87.15% |
| 2026-05-04 | 87.17% |
| 2026-05-01 | 87.18% |
| 2026-04-30 | 87.18% |
| 2026-04-29 | 87.15% |
| 2026-04-28 | 87.15% |
| 2026-04-27 | 87.17% |
| 2026-04-24 | 87.14% |
| 2026-04-23 | 87.15% |
| 2026-04-22 | 87.16% |
| 2026-04-21 | 87.17% |
| 2026-04-20 | 87.15% |
| 2026-04-17 | 87.17% |
| 2026-04-16 | 87.15% |
| 2026-04-15 | 87.15% |
| 2026-04-14 | 87.14% |
| 2026-04-13 | 87.17% |
| 2026-04-10 | 87.17% |
| 2026-04-09 | 87.17% |
| 2026-04-08 | 87.14% |
| 2026-04-07 | 87.14% |
| 2026-04-06 | 87.15% |
| 2026-04-02 | 87.16% |
| 2026-04-01 | 87.14% |
| 2026-03-31 | 87.17% |
| 2026-03-30 | 87.13% |
| 2026-03-27 | 87.13% |
| 2026-03-26 | 87.17% |
| 2026-03-25 | 87.15% |
| 2026-03-24 | 87.14% |
| 2026-03-23 | 87.16% |
| 2026-03-20 | 87.13% |
| 2026-03-19 | 87.14% |
| 2026-03-18 | 87.18% |
| 2026-03-17 | 87.17% |
| 2026-03-16 | 87.18% |
| 2026-03-13 | 87.15% |
| 2026-03-12 | 87.18% |
| 2026-03-11 | 87.18% |
| 2026-03-10 | 87.15% |
| 2026-03-09 | 87.17% |
| 2026-03-06 | 87.15% |
| 2026-03-05 | 87.15% |
| 2026-03-04 | 87.16% |
| 2026-03-03 | 87.15% |
| 2026-03-02 | 87.14% |
| 2026-02-27 | 87.14% |
| 2026-02-26 | 87.14% |
| 2026-02-25 | 90.47% |
| 2026-02-24 | 90.46% |
| 2026-02-23 | 90.48% |
| 2026-02-20 | 90.48% |
| 2026-02-19 | 90.46% |
| 2026-02-18 | 90.50% |
| 2026-02-17 | 90.49% |
| 2026-02-13 | 90.46% |
| 2026-02-12 | 90.48% |
| 2026-02-11 | 90.48% |
| 2026-02-10 | 90.47% |
| 2026-02-09 | 90.48% |
| 2026-02-06 | 90.48% |
| 2026-02-05 | 90.50% |
| 2026-02-04 | 90.47% |
| 2026-02-03 | 90.47% |
| 2026-02-02 | 90.47% |
| 2026-01-30 | 90.49% |
| 2026-01-29 | 90.47% |
| 2026-01-28 | 90.47% |
| 2026-01-27 | 90.50% |
| 2026-01-26 | 90.49% |
| 2026-01-23 | 90.48% |
| 2026-01-22 | 90.45% |
| 2026-01-21 | 90.47% |
| 2026-01-20 | 90.47% |
| 2026-01-16 | 90.45% |
| 2026-01-15 | 90.47% |
| 2026-01-14 | 90.46% |
| 2026-01-13 | 90.48% |
| 2026-01-12 | 90.49% |
| 2026-01-09 | 90.47% |
| 2026-01-08 | 90.46% |
| 2026-01-07 | 90.46% |
| 2026-01-06 | 90.47% |
| 2026-01-05 | 90.49% |
| 2026-01-02 | 90.50% |
| 2025-12-31 | 90.50% |
| 2025-12-30 | 95.24% |
| 2025-12-29 | 95.21% |
| 2025-12-26 | 95.23% |
| 2025-12-24 | 95.25% |
| 2025-12-23 | 95.26% |
| 2025-12-22 | 95.22% |
| 2025-12-19 | 95.25% |
| 2025-12-18 | 95.23% |
| 2025-12-17 | 95.26% |
| 2025-12-16 | 95.24% |
| 2025-12-15 | 95.23% |
| 2025-12-12 | 95.26% |
| 2025-12-11 | 95.26% |
| 2025-12-10 | 95.23% |
| 2025-12-09 | 95.24% |
| 2025-12-08 | 95.26% |
| 2025-12-05 | 95.25% |
| 2025-12-04 | 95.22% |
| 2025-12-03 | 95.24% |
| 2025-12-02 | 95.27% |
| 2025-12-01 | 95.21% |
| 2025-11-28 | 95.24% |
| 2025-11-26 | 95.26% |
| 2025-11-25 | 95.22% |
| 2025-11-24 | 95.21% |
| 2025-11-21 | 95.24% |
| 2025-11-20 | 95.24% |
| 2025-11-19 | 95.24% |
| 2025-11-18 | 95.23% |
| 2025-11-17 | 95.24% |
| 2025-11-14 | 95.22% |
| 2025-11-13 | 95.22% |
| 2025-11-12 | 95.24% |
| 2025-11-11 | 95.26% |
| 2025-11-10 | 95.21% |
| 2025-11-07 | 106.39% |
| 2025-11-06 | 106.41% |
| 2025-11-05 | 106.35% |
| 2025-11-04 | 106.36% |
| 2025-11-03 | 106.39% |
| 2025-10-31 | 106.37% |
| 2025-10-30 | 106.41% |
| 2025-10-29 | 106.38% |
| 2025-10-28 | 106.38% |
| 2025-10-27 | 106.37% |
| 2025-10-24 | 106.37% |
| 2025-10-23 | 106.37% |
| 2025-10-22 | 106.37% |
| 2025-10-21 | 106.37% |
| 2025-10-20 | 106.37% |
| 2025-10-17 | 106.39% |
| 2025-10-16 | 106.36% |
| 2025-10-15 | 106.40% |
| 2025-10-14 | 106.41% |
| 2025-10-13 | 106.40% |
| 2025-10-10 | 106.38% |
| 2025-10-09 | 106.36% |
| 2025-10-08 | 106.40% |
| 2025-10-07 | 106.39% |
| 2025-10-06 | 106.38% |
| 2025-10-03 | 106.39% |
| 2025-10-02 | 106.37% |
| 2025-10-01 | 106.39% |
| 2025-09-30 | 106.40% |
| 2025-09-29 | 106.37% |
| 2025-09-26 | 106.38% |
| 2025-09-25 | 106.41% |
| 2025-09-24 | 106.39% |
| 2025-09-23 | 106.37% |
| 2025-09-22 | 106.41% |
| 2025-09-19 | 106.37% |
| 2025-09-18 | 106.36% |
| 2025-09-17 | 106.39% |
| 2025-09-16 | 106.40% |
| 2025-09-15 | 106.40% |
| 2025-09-12 | 106.36% |
| 2025-09-11 | 106.39% |
| 2025-09-10 | 106.37% |
| 2025-09-09 | 106.36% |
| 2025-09-08 | 106.38% |
| 2025-09-05 | 106.37% |
| 2025-09-04 | 106.37% |
| 2025-09-03 | 106.40% |
| 2025-09-02 | 106.39% |
| 2025-08-29 | 106.39% |
Showing the most recent 260 of 2,147 data points. The chart above shows the full history.
| $0.20 |
| N/A (Loss) |
| 2019-12-31 | $1.26 | $0.85 | 67.5% |
| 2018-12-31 | $1.47 | $0.85 | 57.8% |
| 2017-12-31 | $0.76 | $0.85 | 111.8% |
| 2016-12-31 | $1.03 | $0.85 | 82.5% |
| 2015-12-31 | $0.74 | $0.80 | 108.1% |
| 2014-12-31 | $0.97 | $0.75 | 77.3% |
| 2013-12-31 | $0.43 | $0.46 | 107.0% |
| 2012-12-31 | $0.08 | $0.30 | 375.0% |
| 2011-12-31 | ($0.02) | $0.14 | N/A (Loss) |
| 2010-12-31 | ($0.20) | $0.04 | N/A (Loss) |
| 2009-12-31 | ($0.43) | $0.00 | N/A (Loss) |
| 2008-12-31 | $0.74 | $0.64 | 86.0% |
| 2007-12-31 | $1.35 | $0.98 | 72.5% |
| 2006-12-31 | $1.46 | $0.74 | 51.0% |
| 2005-12-31 | $0.37 | $0.40 | 108.5% |
| 2004-12-31 | ($0.18) | $0.00 | N/A (Loss) |
| 2003-12-31 | ($0.07) | $0.00 | N/A (Loss) |
| 2002-12-31 | ($0.06) | $0.00 | N/A (Loss) |
| 2001-12-31 | $0.08 | $0.76 | 975.2% |
| 2000-12-31 | $0.63 | $0.89 | 141.4% |
| 1999-12-31 | $0.93 | $0.82 | 88.4% |
| 1998-12-31 | $0.22 | $0.00 | 0.0% |
| 1997-12-31 | $0.23 | $0.00 | 0.0% |
| 1996-12-31 | ($0.07) | $0.00 | N/A (Loss) |
