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 29.11% is 14% below its 5-year average of 33.86%, near the low end of its 5-year range (24.95%–48.34%).
As of Friday, September 4, 2026. 2.00% below its 12-month average of 29.71%.
Dividend Payout Ratio (29.11%) = TTM Dividends/Share ($4.80) / TTM EPS ($16.49)
DIVIDEND PAYOUT RATIO
29.11%
DIVIDEND PAYOUT RATIO AVG TTM
29.71%
DIVIDEND PAYOUT RATIO AVG 3Y
32.52%
DIVIDEND PAYOUT RATIO AVG 5Y
33.86%
DIVIDEND PAYOUT RATIO AVG 10Y
33.52%
DIVIDEND PAYOUT RATIO AVG 15Y
31.80%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-2.00%
CURRENT VS 3Y AVG
-10.48%
CURRENT VS 5Y AVG
-14.03%
CURRENT VS 10Y AVG
-13.13%
CURRENT VS 15Y AVG
-8.44%
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2026-07-31 | $16.53 | $4.80 | 29.0% |
| 2025-07-31 | $13.82 | $4.16 | 30.1% |
| 2024-07-31 | $10.58 | $3.60 | 34.0% |
| 2023-07-31 | $8.48 | $3.12 | 36.8% |
| 2022-07-31 | $7.38 | $2.72 | 36.9% |
| 2021-07-31 | $7.64 |
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 |
|---|---|
| 2026-09-04 | 29.11% |
| 2026-09-03 | 29.11% |
| 2026-09-02 | 29.11% |
| 2026-09-01 | 29.11% |
| 2026-08-31 | 29.11% |
| 2026-08-28 | 29.10% |
| 2026-08-27 | 29.10% |
| 2026-08-26 | 29.12% |
| 2026-08-25 | 29.11% |
| 2026-08-24 | 29.09% |
| 2026-08-21 | 29.09% |
| 2026-08-20 | 29.09% |
| 2026-08-19 | 29.09% |
| 2026-08-18 | 29.10% |
| 2026-08-17 | 29.09% |
| 2026-08-14 | 29.09% |
| 2026-08-13 | 29.08% |
| 2026-08-12 | 29.10% |
| 2026-08-11 | 29.09% |
| 2026-08-10 | 29.09% |
| 2026-08-07 | 29.09% |
| 2026-08-06 | 29.09% |
| 2026-08-05 | 29.10% |
| 2026-08-04 | 29.09% |
| 2026-08-03 | 29.10% |
| 2026-07-31 | 29.10% |
| 2026-07-30 | 29.09% |
| 2026-07-29 | 29.09% |
| 2026-07-28 | 29.09% |
| 2026-07-27 | 29.09% |
| 2026-07-24 | 29.09% |
| 2026-07-23 | 29.09% |
| 2026-07-22 | 29.09% |
| 2026-07-21 | 29.09% |
| 2026-07-20 | 29.10% |
| 2026-07-17 | 29.09% |
| 2026-07-16 | 29.10% |
| 2026-07-15 | 29.09% |
| 2026-07-14 | 29.10% |
| 2026-07-13 | 29.09% |
| 2026-07-10 | 29.08% |
| 2026-07-09 | 35.40% |
| 2026-07-08 | 28.12% |
| 2026-07-07 | 28.12% |
| 2026-07-06 | 28.12% |
| 2026-07-02 | 28.12% |
| 2026-07-01 | 28.13% |
| 2026-06-30 | 28.12% |
| 2026-06-29 | 28.13% |
| 2026-06-26 | 28.13% |
| 2026-06-25 | 28.12% |
| 2026-06-24 | 28.12% |
| 2026-06-23 | 28.12% |
| 2026-06-22 | 28.12% |
| 2026-06-18 | 28.12% |
| 2026-06-17 | 28.12% |
| 2026-06-16 | 28.12% |
| 2026-06-15 | 28.13% |
| 2026-06-12 | 28.12% |
| 2026-06-11 | 28.12% |
| 2026-06-10 | 28.13% |
| 2026-06-09 | 28.11% |
| 2026-06-08 | 28.13% |
| 2026-06-05 | 28.13% |
| 2026-06-04 | 28.12% |
| 2026-06-03 | 28.13% |
| 2026-06-02 | 28.12% |
| 2026-06-01 | 28.12% |
| 2026-05-29 | 28.12% |
| 2026-05-28 | 28.12% |
| 2026-05-27 | 28.12% |
| 2026-05-26 | 28.13% |
| 2026-05-22 | 28.12% |
| 2026-05-21 | 28.12% |
| 2026-05-20 | 28.12% |
| 2026-05-19 | 30.07% |
| 2026-05-18 | 30.07% |
| 2026-05-15 | 30.07% |
| 2026-05-14 | 30.08% |
| 2026-05-13 | 30.07% |
| 2026-05-12 | 30.07% |
| 2026-05-11 | 30.07% |
| 2026-05-08 | 30.07% |
| 2026-05-07 | 30.07% |
| 2026-05-06 | 30.07% |
| 2026-05-05 | 30.07% |
| 2026-05-04 | 30.08% |
| 2026-05-01 | 30.07% |
| 2026-04-30 | 30.07% |
| 2026-04-29 | 30.07% |
| 2026-04-28 | 30.07% |
| 2026-04-27 | 30.07% |
| 2026-04-24 | 30.07% |
| 2026-04-23 | 30.07% |
| 2026-04-22 | 30.08% |
| 2026-04-21 | 30.07% |
| 2026-04-20 | 30.08% |
| 2026-04-17 | 30.08% |
| 2026-04-16 | 30.07% |
| 2026-04-15 | 30.07% |
| 2026-04-14 | 30.07% |
| 2026-04-13 | 30.07% |
| 2026-04-10 | 30.07% |
| 2026-04-09 | 36.81% |
| 2026-04-08 | 29.03% |
| 2026-04-07 | 29.04% |
| 2026-04-06 | 29.04% |
| 2026-04-02 | 29.03% |
| 2026-04-01 | 29.03% |
| 2026-03-31 | 29.03% |
| 2026-03-30 | 29.03% |
| 2026-03-27 | 29.04% |
| 2026-03-26 | 29.03% |
| 2026-03-25 | 29.03% |
| 2026-03-24 | 29.04% |
| 2026-03-23 | 29.04% |
| 2026-03-20 | 29.03% |
| 2026-03-19 | 29.03% |
| 2026-03-18 | 29.04% |
| 2026-03-17 | 29.04% |
| 2026-03-16 | 29.03% |
| 2026-03-13 | 29.03% |
| 2026-03-12 | 29.03% |
| 2026-03-11 | 29.04% |
| 2026-03-10 | 29.03% |
| 2026-03-09 | 29.04% |
| 2026-03-06 | 29.03% |
| 2026-03-05 | 29.03% |
| 2026-03-04 | 29.03% |
| 2026-03-03 | 29.03% |
| 2026-03-02 | 29.04% |
| 2026-02-27 | 29.04% |
| 2026-02-26 | 29.03% |
| 2026-02-25 | 30.62% |
| 2026-02-24 | 30.62% |
| 2026-02-23 | 30.63% |
| 2026-02-20 | 30.62% |
| 2026-02-19 | 30.62% |
| 2026-02-18 | 30.62% |
| 2026-02-17 | 30.63% |
| 2026-02-13 | 30.62% |
| 2026-02-12 | 30.62% |
| 2026-02-11 | 30.62% |
| 2026-02-10 | 30.62% |
| 2026-02-09 | 30.62% |
| 2026-02-06 | 30.62% |
| 2026-02-05 | 30.62% |
| 2026-02-04 | 30.62% |
| 2026-02-03 | 30.62% |
| 2026-02-02 | 30.63% |
| 2026-01-30 | 30.62% |
| 2026-01-29 | 30.62% |
| 2026-01-28 | 30.62% |
| 2026-01-27 | 30.62% |
| 2026-01-26 | 30.62% |
| 2026-01-23 | 30.62% |
| 2026-01-22 | 30.63% |
| 2026-01-21 | 30.62% |
| 2026-01-20 | 30.63% |
| 2026-01-16 | 30.62% |
| 2026-01-15 | 30.62% |
| 2026-01-14 | 30.62% |
| 2026-01-13 | 30.62% |
| 2026-01-12 | 30.62% |
| 2026-01-09 | 37.73% |
| 2026-01-08 | 29.53% |
| 2026-01-07 | 29.53% |
| 2026-01-06 | 29.53% |
| 2026-01-05 | 29.53% |
| 2026-01-02 | 29.53% |
| 2025-12-31 | 29.53% |
| 2025-12-30 | 29.53% |
| 2025-12-29 | 29.53% |
| 2025-12-26 | 29.53% |
| 2025-12-24 | 29.53% |
| 2025-12-23 | 29.53% |
| 2025-12-22 | 29.53% |
| 2025-12-19 | 29.53% |
| 2025-12-18 | 29.53% |
| 2025-12-17 | 29.53% |
| 2025-12-16 | 29.53% |
| 2025-12-15 | 29.53% |
| 2025-12-12 | 29.53% |
| 2025-12-11 | 29.53% |
| 2025-12-10 | 29.53% |
| 2025-12-09 | 29.53% |
| 2025-12-08 | 29.53% |
| 2025-12-05 | 29.53% |
| 2025-12-04 | 29.53% |
| 2025-12-03 | 29.53% |
| 2025-12-02 | 29.53% |
| 2025-12-01 | 29.53% |
| 2025-11-28 | 29.53% |
| 2025-11-26 | 29.53% |
| 2025-11-25 | 29.53% |
| 2025-11-24 | 29.53% |
| 2025-11-21 | 29.53% |
| 2025-11-20 | 29.53% |
| 2025-11-19 | 31.44% |
| 2025-11-18 | 31.44% |
| 2025-11-17 | 31.44% |
| 2025-11-14 | 31.44% |
| 2025-11-13 | 31.44% |
| 2025-11-12 | 31.44% |
| 2025-11-11 | 31.44% |
| 2025-11-10 | 31.44% |
| 2025-11-07 | 31.44% |
| 2025-11-06 | 31.44% |
| 2025-11-05 | 31.44% |
| 2025-11-04 | 31.44% |
| 2025-11-03 | 31.44% |
| 2025-10-31 | 31.44% |
| 2025-10-30 | 31.44% |
| 2025-10-29 | 31.44% |
| 2025-10-28 | 31.44% |
| 2025-10-27 | 31.44% |
| 2025-10-24 | 31.44% |
| 2025-10-23 | 31.44% |
| 2025-10-22 | 31.44% |
| 2025-10-21 | 31.44% |
| 2025-10-20 | 31.44% |
| 2025-10-17 | 31.44% |
| 2025-10-16 | 31.44% |
| 2025-10-15 | 31.44% |
| 2025-10-14 | 31.44% |
| 2025-10-13 | 31.44% |
| 2025-10-10 | 31.44% |
| 2025-10-09 | 39.01% |
| 2025-10-08 | 30.27% |
| 2025-10-07 | 30.28% |
| 2025-10-06 | 30.28% |
| 2025-10-03 | 30.28% |
| 2025-10-02 | 30.28% |
| 2025-10-01 | 30.27% |
| 2025-09-30 | 30.28% |
| 2025-09-29 | 30.28% |
| 2025-09-26 | 30.28% |
| 2025-09-25 | 30.27% |
| 2025-09-24 | 30.28% |
| 2025-09-23 | 30.28% |
| 2025-09-22 | 30.28% |
| 2025-09-19 | 30.28% |
| 2025-09-18 | 30.27% |
| 2025-09-17 | 30.28% |
| 2025-09-16 | 30.28% |
| 2025-09-15 | 30.27% |
| 2025-09-12 | 30.28% |
| 2025-09-11 | 30.27% |
| 2025-09-10 | 30.27% |
| 2025-09-09 | 30.28% |
| 2025-09-08 | 30.28% |
| 2025-09-05 | 30.28% |
| 2025-09-04 | 30.28% |
| 2025-09-03 | 30.28% |
| 2025-09-02 | 33.76% |
| 2025-08-29 | 33.77% |
| 2025-08-28 | 33.77% |
| 2025-08-27 | 33.77% |
| 2025-08-26 | 33.76% |
| 2025-08-25 | 33.76% |
Showing the most recent 260 of 2,014 data points. The chart above shows the full history.
| $2.36 |
| 30.9% |
| 2020-07-31 | $7.00 | $2.12 | 30.3% |
| 2019-07-31 | $5.99 | $1.88 | 31.4% |
| 2018-07-31 | $5.19 | $1.56 | 30.1% |
| 2017-07-31 | $3.78 | $1.36 | 36.0% |
| 2016-07-31 | $3.08 | $1.20 | 39.0% |
| 2015-07-31 | $1.30 | $1.00 | 76.9% |
| 2014-07-31 | $3.02 | $0.76 | 25.2% |
| 2013-07-31 | $2.89 | $0.68 | 23.5% |
| 2012-07-31 | $2.67 | $0.60 | 22.5% |
