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 21.73% is in line with its 5-year average of 23.78%, near the low end of its 5-year range (16.70%–523.09%).
As of Monday, October 5, 2026. 8.09% below its 12-month average of 23.64%.
Dividend Payout Ratio (21.73%) = TTM Dividends/Share ($0.83) / TTM EPS ($3.82)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
21.73%
DIVIDEND PAYOUT RATIO AVG TTM
23.64%
DIVIDEND PAYOUT RATIO AVG 3Y
26.12%
DIVIDEND PAYOUT RATIO AVG 5Y
23.78%
DIVIDEND PAYOUT RATIO AVG 10Y
22.79%
DIVIDEND PAYOUT RATIO AVG 15Y
22.11%
DIVIDEND PAYOUT RATIO AVG 20Y
33.98%
CURRENT VS TTM AVG
-8.09%
CURRENT VS 3Y AVG
-16.80%
CURRENT VS 5Y AVG
-8.61%
CURRENT VS 10Y AVG
-4.65%
CURRENT VS 15Y AVG
-1.71%
CURRENT VS 20Y AVG
-36.05%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $3.44 | $0.79 | 23.0% |
| 2024-12-31 | $2.61 | $0.74 | 28.4% |
| 2023-12-31 | $0.14 | $0.67 | 481.0% |
| 2022-12-31 | $2.94 | $0.63 | 21.4% |
| 2021-12-31 | $3.15 | $0.54 | 17.0% |
| 2020-12-31 | $1.96 |
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 |
|---|---|
| 2026-10-05 | 21.73% |
| 2026-10-02 | 21.72% |
| 2026-10-01 | 21.73% |
| 2026-09-30 | 21.72% |
| 2026-09-29 | 21.74% |
| 2026-09-28 | 21.73% |
| 2026-09-25 | 21.73% |
| 2026-09-24 | 21.73% |
| 2026-09-23 | 21.74% |
| 2026-09-22 | 21.74% |
| 2026-09-21 | 21.72% |
| 2026-09-18 | 21.73% |
| 2026-09-17 | 21.73% |
| 2026-09-16 | 21.73% |
| 2026-09-15 | 21.74% |
| 2026-09-14 | 21.46% |
| 2026-09-11 | 21.47% |
| 2026-09-10 | 21.46% |
| 2026-09-09 | 21.47% |
| 2026-09-08 | 21.47% |
| 2026-09-04 | 21.46% |
| 2026-09-03 | 21.46% |
| 2026-09-02 | 21.46% |
| 2026-09-01 | 21.46% |
| 2026-08-31 | 21.47% |
| 2026-08-28 | 21.47% |
| 2026-08-27 | 21.48% |
| 2026-08-26 | 21.47% |
| 2026-08-25 | 21.47% |
| 2026-08-24 | 21.47% |
| 2026-08-21 | 21.47% |
| 2026-08-20 | 21.46% |
| 2026-08-19 | 21.47% |
| 2026-08-18 | 21.47% |
| 2026-08-17 | 21.48% |
| 2026-08-14 | 21.48% |
| 2026-08-13 | 21.46% |
| 2026-08-12 | 21.47% |
| 2026-08-11 | 21.47% |
| 2026-08-10 | 21.47% |
| 2026-08-07 | 21.46% |
| 2026-08-06 | 22.59% |
| 2026-08-05 | 22.58% |
| 2026-08-04 | 22.59% |
| 2026-08-03 | 22.59% |
| 2026-07-31 | 22.59% |
| 2026-07-30 | 22.60% |
| 2026-07-29 | 22.59% |
| 2026-07-28 | 22.60% |
| 2026-07-27 | 22.60% |
| 2026-07-24 | 22.59% |
| 2026-07-23 | 22.58% |
| 2026-07-22 | 22.60% |
| 2026-07-21 | 22.58% |
| 2026-07-20 | 22.59% |
| 2026-07-17 | 22.58% |
| 2026-07-16 | 22.58% |
| 2026-07-15 | 22.59% |
| 2026-07-14 | 22.60% |
| 2026-07-13 | 22.59% |
| 2026-07-10 | 22.60% |
| 2026-07-09 | 22.58% |
| 2026-07-08 | 22.58% |
| 2026-07-07 | 22.59% |
| 2026-07-06 | 22.58% |
| 2026-07-02 | 22.58% |
| 2026-07-01 | 22.60% |
| 2026-06-30 | 22.60% |
| 2026-06-29 | 22.58% |
| 2026-06-26 | 22.58% |
| 2026-06-25 | 22.59% |
| 2026-06-24 | 22.60% |
| 2026-06-23 | 22.58% |
| 2026-06-22 | 22.59% |
| 2026-06-18 | 22.58% |
| 2026-06-17 | 22.58% |
| 2026-06-16 | 22.58% |
| 2026-06-15 | 22.60% |
| 2026-06-12 | 22.32% |
| 2026-06-11 | 22.30% |
| 2026-06-10 | 22.31% |
| 2026-06-09 | 22.32% |
| 2026-06-08 | 22.32% |
| 2026-06-05 | 22.31% |
| 2026-06-04 | 22.31% |
| 2026-06-03 | 22.32% |
| 2026-06-02 | 22.31% |
| 2026-06-01 | 22.31% |
| 2026-05-29 | 22.32% |
| 2026-05-28 | 22.32% |
| 2026-05-27 | 22.32% |
| 2026-05-26 | 22.31% |
| 2026-05-22 | 22.32% |
| 2026-05-21 | 22.32% |
| 2026-05-20 | 22.31% |
| 2026-05-19 | 22.30% |
| 2026-05-18 | 22.32% |
| 2026-05-15 | 22.31% |
| 2026-05-14 | 22.32% |
| 2026-05-13 | 22.32% |
| 2026-05-12 | 22.30% |
| 2026-05-11 | 22.32% |
| 2026-05-08 | 23.69% |
| 2026-05-07 | 23.69% |
| 2026-05-06 | 23.69% |
| 2026-05-05 | 23.68% |
| 2026-05-04 | 23.68% |
| 2026-05-01 | 23.70% |
| 2026-04-30 | 23.68% |
| 2026-04-29 | 23.68% |
| 2026-04-28 | 23.69% |
| 2026-04-27 | 23.69% |
| 2026-04-24 | 23.68% |
| 2026-04-23 | 23.68% |
| 2026-04-22 | 23.67% |
| 2026-04-21 | 23.68% |
| 2026-04-20 | 23.69% |
| 2026-04-17 | 23.68% |
| 2026-04-16 | 23.67% |
| 2026-04-15 | 23.69% |
| 2026-04-14 | 23.69% |
| 2026-04-13 | 23.68% |
| 2026-04-10 | 23.68% |
| 2026-04-09 | 23.68% |
| 2026-04-08 | 23.68% |
| 2026-04-07 | 23.68% |
| 2026-04-06 | 23.70% |
| 2026-04-02 | 23.68% |
| 2026-04-01 | 23.69% |
| 2026-03-31 | 23.68% |
| 2026-03-30 | 23.67% |
| 2026-03-27 | 23.68% |
| 2026-03-26 | 23.69% |
| 2026-03-25 | 23.68% |
| 2026-03-24 | 23.67% |
| 2026-03-23 | 23.68% |
| 2026-03-20 | 23.69% |
| 2026-03-19 | 23.70% |
| 2026-03-18 | 23.67% |
| 2026-03-17 | 23.68% |
| 2026-03-16 | 23.68% |
| 2026-03-13 | 29.24% |
| 2026-03-12 | 23.10% |
| 2026-03-11 | 23.10% |
| 2026-03-10 | 23.11% |
| 2026-03-09 | 23.09% |
| 2026-03-06 | 23.11% |
| 2026-03-05 | 24.83% |
| 2026-03-04 | 24.85% |
| 2026-03-03 | 24.84% |
| 2026-03-02 | 24.85% |
| 2026-02-27 | 24.83% |
| 2026-02-26 | 24.84% |
| 2026-02-25 | 24.83% |
| 2026-02-24 | 24.84% |
| 2026-02-23 | 24.85% |
| 2026-02-20 | 24.85% |
| 2026-02-19 | 24.85% |
| 2026-02-18 | 24.85% |
| 2026-02-17 | 24.85% |
| 2026-02-13 | 24.84% |
| 2026-02-12 | 24.84% |
| 2026-02-11 | 24.85% |
| 2026-02-10 | 24.85% |
| 2026-02-09 | 24.85% |
| 2026-02-06 | 24.85% |
| 2026-02-05 | 24.85% |
| 2026-02-04 | 24.84% |
| 2026-02-03 | 24.84% |
| 2026-02-02 | 24.85% |
| 2026-01-30 | 24.85% |
| 2026-01-29 | 24.84% |
| 2026-01-28 | 24.85% |
| 2026-01-27 | 24.85% |
| 2026-01-26 | 24.84% |
| 2026-01-23 | 24.84% |
| 2026-01-22 | 24.85% |
| 2026-01-21 | 24.85% |
| 2026-01-20 | 24.83% |
| 2026-01-16 | 24.84% |
| 2026-01-15 | 24.85% |
| 2026-01-14 | 24.84% |
| 2026-01-13 | 24.84% |
| 2026-01-12 | 24.85% |
| 2026-01-09 | 24.84% |
| 2026-01-08 | 24.83% |
| 2026-01-07 | 24.85% |
| 2026-01-06 | 24.85% |
| 2026-01-05 | 24.85% |
| 2026-01-02 | 24.83% |
| 2025-12-31 | 24.85% |
| 2025-12-30 | 24.83% |
| 2025-12-29 | 24.85% |
| 2025-12-26 | 24.85% |
| 2025-12-24 | 24.85% |
| 2025-12-23 | 24.84% |
| 2025-12-22 | 24.83% |
| 2025-12-19 | 24.85% |
| 2025-12-18 | 24.84% |
| 2025-12-17 | 24.85% |
| 2025-12-16 | 24.84% |
| 2025-12-15 | 24.85% |
| 2025-12-12 | 24.52% |
| 2025-12-11 | 24.53% |
| 2025-12-10 | 24.54% |
| 2025-12-09 | 24.52% |
| 2025-12-08 | 24.53% |
| 2025-12-05 | 24.54% |
| 2025-12-04 | 24.52% |
| 2025-12-03 | 24.52% |
| 2025-12-02 | 24.53% |
| 2025-12-01 | 24.53% |
| 2025-11-28 | 24.52% |
| 2025-11-26 | 24.53% |
| 2025-11-25 | 24.52% |
| 2025-11-24 | 24.52% |
| 2025-11-21 | 24.53% |
| 2025-11-20 | 24.54% |
| 2025-11-19 | 24.54% |
| 2025-11-18 | 24.52% |
| 2025-11-17 | 24.53% |
| 2025-11-14 | 24.54% |
| 2025-11-13 | 24.54% |
| 2025-11-12 | 24.52% |
| 2025-11-11 | 24.53% |
| 2025-11-10 | 24.53% |
| 2025-11-07 | 26.45% |
| 2025-11-06 | 26.43% |
| 2025-11-05 | 26.45% |
| 2025-11-04 | 26.44% |
| 2025-11-03 | 26.45% |
| 2025-10-31 | 26.44% |
| 2025-10-30 | 26.45% |
| 2025-10-29 | 26.43% |
| 2025-10-28 | 26.45% |
| 2025-10-27 | 26.45% |
| 2025-10-24 | 26.43% |
| 2025-10-23 | 26.45% |
| 2025-10-22 | 26.45% |
| 2025-10-21 | 26.44% |
| 2025-10-20 | 26.44% |
| 2025-10-17 | 26.45% |
| 2025-10-16 | 26.44% |
| 2025-10-15 | 26.44% |
| 2025-10-14 | 26.44% |
| 2025-10-13 | 26.44% |
| 2025-10-10 | 26.45% |
| 2025-10-09 | 26.45% |
| 2025-10-08 | 26.44% |
| 2025-10-07 | 26.44% |
| 2025-10-06 | 26.43% |
| 2025-10-03 | 26.43% |
| 2025-10-02 | 26.45% |
| 2025-10-01 | 26.45% |
| 2025-09-30 | 26.44% |
| 2025-09-29 | 26.43% |
| 2025-09-26 | 26.43% |
| 2025-09-25 | 26.45% |
| 2025-09-24 | 26.44% |
| 2025-09-23 | 26.43% |
Showing the most recent 260 of 2,324 data points. The chart above shows the full history.
| $0.45 |
| 23.1% |
| 2019-12-31 | $2.19 | $0.43 | 19.4% |
| 2018-12-31 | $1.46 | $0.34 | 23.3% |
| 2017-12-31 | $0.46 | $0.24 | 52.2% |
| 2016-12-31 | $0.98 | $0.19 | 19.1% |
| 2015-12-31 | $1.15 | $0.18 | 15.3% |
| 2014-12-31 | $1.07 | $0.17 | 16.3% |
| 2013-12-31 | $0.61 | $0.17 | 27.5% |
| 2012-12-31 | $0.15 | $0.16 | 107.4% |
| 2011-12-31 | $0.12 | $0.16 | 130.4% |
| 2010-12-31 | ($0.78) | $0.20 | N/A (Loss) |
| 2009-12-31 | $0.41 | $0.42 | 101.8% |
| 2008-12-31 | ($4.26) | $0.64 | N/A (Loss) |
| 2007-12-31 | $1.08 | $0.64 | 59.1% |
| 2006-12-31 | $1.51 | $0.64 | 42.3% |
| 2005-12-31 | $1.37 | $0.64 | 46.6% |
| 2004-12-31 | $1.15 | $0.62 | 53.5% |
| 2003-12-31 | $1.25 | $0.58 | 46.4% |
| 2002-12-31 | $1.10 | $0.45 | 41.0% |
| 2001-12-31 | $0.95 | $0.52 | 55.2% |
| 2000-12-31 | $0.79 | $0.43 | 54.2% |
| 1999-12-31 | $0.79 | $0.23 | 29.1% |
