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 63.12% is in line with its 5-year average of 67.30%, around the middle of its 5-year range (48.50%–93.77%).
As of Sunday, July 26, 2026. 6.43% above its 12-month average of 59.31%.
Dividend Payout Ratio (63.12%) = TTM Dividends/Share ($2.30) / TTM EPS ($3.64)
DIVIDEND PAYOUT RATIO
63.12%
DIVIDEND PAYOUT RATIO AVG TTM
59.31%
DIVIDEND PAYOUT RATIO AVG 3Y
73.18%
DIVIDEND PAYOUT RATIO AVG 5Y
67.30%
DIVIDEND PAYOUT RATIO AVG 10Y
72.23%
DIVIDEND PAYOUT RATIO AVG 15Y
66.26%
DIVIDEND PAYOUT RATIO AVG 20Y
60.08%
CURRENT VS TTM AVG
+6.43%
CURRENT VS 3Y AVG
-13.74%
CURRENT VS 5Y AVG
-6.21%
CURRENT VS 10Y AVG
-12.61%
CURRENT VS 15Y AVG
-4.74%
CURRENT VS 20Y AVG
+5.07%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2024 | $3.92 | $2.26 | 57.7% |
| 2023 | $2.78 | $2.23 | 80.3% |
| 2022 | $2.81 | $2.20 | 78.2% |
| 2021 | $4.36 | $2.17 | 49.7% |
| 2020 | $3.65 | $2.14 | 58.7% |
| 2019 | $2.81 | $2.12 |
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 |
|---|---|
| 2025-12-10 | 63.12% |
| 2025-12-09 | 63.12% |
| 2025-12-08 | 63.12% |
| 2025-12-05 | 63.13% |
| 2025-12-04 | 63.12% |
| 2025-12-03 | 63.13% |
| 2025-12-02 | 63.11% |
| 2025-12-01 | 78.77% |
| 2025-11-28 | 62.84% |
| 2025-11-26 | 62.84% |
| 2025-11-25 | 62.84% |
| 2025-11-24 | 62.84% |
| 2025-11-21 | 62.84% |
| 2025-11-20 | 62.85% |
| 2025-11-19 | 62.84% |
| 2025-11-18 | 62.85% |
| 2025-11-17 | 62.85% |
| 2025-11-14 | 62.86% |
| 2025-11-13 | 62.85% |
| 2025-11-12 | 62.86% |
| 2025-11-11 | 62.86% |
| 2025-11-10 | 62.86% |
| 2025-11-07 | 62.84% |
| 2025-11-06 | 62.84% |
| 2025-11-05 | 62.84% |
| 2025-11-04 | 62.84% |
| 2025-11-03 | 62.83% |
| 2025-10-31 | 62.83% |
| 2025-10-30 | 62.84% |
| 2025-10-29 | 60.05% |
| 2025-10-28 | 60.05% |
| 2025-10-27 | 60.03% |
| 2025-10-24 | 60.04% |
| 2025-10-23 | 60.04% |
| 2025-10-22 | 60.05% |
| 2025-10-21 | 60.05% |
| 2025-10-20 | 60.04% |
| 2025-10-17 | 60.05% |
| 2025-10-16 | 60.04% |
| 2025-10-15 | 60.05% |
| 2025-10-14 | 60.05% |
| 2025-10-13 | 60.04% |
| 2025-10-10 | 60.06% |
| 2025-10-09 | 60.06% |
| 2025-10-08 | 60.05% |
| 2025-10-07 | 60.05% |
| 2025-10-06 | 60.03% |
| 2025-10-03 | 60.04% |
| 2025-10-02 | 60.04% |
| 2025-10-01 | 60.04% |
| 2025-09-30 | 60.06% |
| 2025-09-29 | 60.04% |
| 2025-09-26 | 60.06% |
| 2025-09-25 | 60.05% |
| 2025-09-24 | 60.05% |
| 2025-09-23 | 60.05% |
| 2025-09-22 | 60.05% |
| 2025-09-19 | 60.05% |
| 2025-09-18 | 60.03% |
| 2025-09-17 | 60.04% |
| 2025-09-16 | 60.03% |
| 2025-09-15 | 60.05% |
| 2025-09-12 | 60.05% |
| 2025-09-11 | 60.06% |
| 2025-09-10 | 60.03% |
| 2025-09-09 | 60.04% |
| 2025-09-08 | 60.05% |
| 2025-09-05 | 60.04% |
| 2025-09-04 | 60.04% |
| 2025-09-03 | 60.03% |
| 2025-09-02 | 75.00% |
| 2025-08-29 | 59.77% |
| 2025-08-28 | 59.79% |
| 2025-08-27 | 59.77% |
| 2025-08-26 | 59.79% |
| 2025-08-25 | 59.79% |
| 2025-08-22 | 59.77% |
| 2025-08-21 | 59.77% |
| 2025-08-20 | 59.79% |
| 2025-08-19 | 59.78% |
| 2025-08-18 | 59.78% |
| 2025-08-15 | 59.79% |
| 2025-08-14 | 59.79% |
| 2025-08-13 | 59.79% |
| 2025-08-12 | 59.79% |
| 2025-08-11 | 59.77% |
| 2025-08-08 | 59.77% |
| 2025-08-07 | 59.79% |
| 2025-08-06 | 59.77% |
| 2025-08-05 | 59.79% |
| 2025-08-04 | 59.78% |
| 2025-08-01 | 59.77% |
| 2025-07-31 | 59.78% |
| 2025-07-30 | 57.51% |
| 2025-07-29 | 57.53% |
| 2025-07-28 | 57.52% |
| 2025-07-25 | 57.52% |
| 2025-07-24 | 57.53% |
| 2025-07-23 | 57.53% |
| 2025-07-22 | 57.51% |
| 2025-07-21 | 57.51% |
| 2025-07-18 | 57.51% |
| 2025-07-17 | 57.53% |
| 2025-07-16 | 57.52% |
| 2025-07-15 | 57.52% |
| 2025-07-14 | 57.52% |
| 2025-07-11 | 57.52% |
| 2025-07-10 | 57.52% |
| 2025-07-09 | 57.53% |
| 2025-07-08 | 57.52% |
| 2025-07-07 | 57.53% |
| 2025-07-03 | 57.51% |
| 2025-07-02 | 57.51% |
| 2025-07-01 | 57.53% |
| 2025-06-30 | 57.51% |
| 2025-06-27 | 57.52% |
| 2025-06-26 | 57.51% |
| 2025-06-25 | 57.52% |
| 2025-06-24 | 57.52% |
| 2025-06-23 | 57.51% |
| 2025-06-20 | 57.53% |
| 2025-06-18 | 57.51% |
| 2025-06-17 | 57.52% |
| 2025-06-16 | 57.53% |
| 2025-06-13 | 57.51% |
| 2025-06-12 | 57.53% |
| 2025-06-11 | 57.52% |
| 2025-06-10 | 57.51% |
| 2025-06-09 | 57.51% |
| 2025-06-06 | 57.51% |
| 2025-06-05 | 57.51% |
| 2025-06-04 | 57.51% |
| 2025-06-03 | 57.52% |
| 2025-06-02 | 71.65% |
| 2025-05-30 | 57.28% |
| 2025-05-29 | 57.26% |
| 2025-05-28 | 57.26% |
| 2025-05-27 | 57.26% |
| 2025-05-23 | 57.25% |
| 2025-05-22 | 57.28% |
| 2025-05-21 | 57.27% |
| 2025-05-20 | 57.28% |
| 2025-05-19 | 57.27% |
| 2025-05-16 | 57.26% |
| 2025-05-15 | 57.27% |
| 2025-05-14 | 57.28% |
| 2025-05-13 | 57.25% |
| 2025-05-12 | 57.26% |
| 2025-05-09 | 57.27% |
| 2025-05-08 | 57.26% |
| 2025-05-07 | 57.27% |
| 2025-05-06 | 57.26% |
| 2025-05-05 | 57.27% |
| 2025-05-02 | 57.27% |
| 2025-05-01 | 57.27% |
| 2025-04-30 | 58.61% |
| 2025-04-29 | 58.61% |
| 2025-04-28 | 58.62% |
| 2025-04-25 | 58.60% |
| 2025-04-24 | 58.61% |
| 2025-04-23 | 58.62% |
| 2025-04-22 | 58.62% |
| 2025-04-21 | 58.62% |
| 2025-04-17 | 58.62% |
| 2025-04-16 | 58.62% |
| 2025-04-15 | 58.61% |
| 2025-04-14 | 58.62% |
| 2025-04-11 | 58.62% |
| 2025-04-10 | 58.62% |
| 2025-04-09 | 58.61% |
| 2025-04-08 | 58.60% |
| 2025-04-07 | 58.61% |
| 2025-04-04 | 58.60% |
| 2025-04-03 | 58.60% |
| 2025-04-02 | 58.62% |
| 2025-04-01 | 58.61% |
| 2025-03-31 | 58.61% |
| 2025-03-28 | 58.60% |
| 2025-03-27 | 58.62% |
| 2025-03-26 | 58.62% |
| 2025-03-25 | 58.60% |
| 2025-03-24 | 58.61% |
| 2025-03-21 | 58.60% |
| 2025-03-20 | 58.62% |
| 2025-03-19 | 58.60% |
| 2025-03-18 | 58.60% |
| 2025-03-17 | 58.61% |
| 2025-03-14 | 58.61% |
| 2025-03-13 | 58.61% |
| 2025-03-12 | 58.62% |
| 2025-03-11 | 58.61% |
| 2025-03-10 | 58.62% |
| 2025-03-07 | 58.62% |
| 2025-03-06 | 78.02% |
| 2025-03-05 | 78.02% |
| 2025-03-04 | 78.00% |
| 2025-03-03 | 78.01% |
| 2025-02-28 | 58.42% |
| 2025-02-27 | 77.66% |
| 2025-02-26 | 77.66% |
| 2025-02-25 | 77.67% |
| 2025-02-24 | 77.67% |
| 2025-02-21 | 77.68% |
| 2025-02-20 | 77.65% |
| 2025-02-19 | 77.66% |
| 2025-02-18 | 77.67% |
| 2025-02-14 | 77.67% |
| 2025-02-13 | 77.66% |
| 2025-02-12 | 77.66% |
| 2025-02-11 | 77.67% |
| 2025-02-10 | 77.65% |
| 2025-02-07 | 77.66% |
| 2025-02-06 | 77.65% |
| 2025-02-05 | 77.66% |
| 2025-02-04 | 77.66% |
| 2025-02-03 | 77.67% |
| 2025-01-31 | 77.67% |
| 2025-01-30 | 77.67% |
| 2025-01-29 | 77.66% |
| 2025-01-28 | 77.66% |
| 2025-01-27 | 77.65% |
| 2025-01-24 | 77.65% |
| 2025-01-23 | 77.66% |
| 2025-01-22 | 77.65% |
| 2025-01-21 | 77.66% |
| 2025-01-17 | 77.65% |
| 2025-01-16 | 77.67% |
| 2025-01-15 | 77.66% |
| 2025-01-14 | 77.66% |
| 2025-01-13 | 77.66% |
| 2025-01-10 | 77.66% |
| 2025-01-08 | 77.66% |
| 2025-01-07 | 77.68% |
| 2025-01-06 | 77.66% |
| 2025-01-03 | 77.67% |
| 2025-01-02 | 77.68% |
| 2024-12-31 | 77.65% |
| 2024-12-30 | 77.65% |
| 2024-12-27 | 77.65% |
| 2024-12-26 | 77.66% |
| 2024-12-24 | 77.65% |
| 2024-12-23 | 77.66% |
| 2024-12-20 | 77.65% |
| 2024-12-19 | 77.67% |
| 2024-12-18 | 77.68% |
| 2024-12-17 | 77.65% |
| 2024-12-16 | 77.67% |
| 2024-12-13 | 77.65% |
| 2024-12-12 | 77.68% |
| 2024-12-11 | 77.66% |
| 2024-12-10 | 77.66% |
| 2024-12-09 | 77.66% |
| 2024-12-06 | 77.68% |
| 2024-12-05 | 77.67% |
| 2024-12-04 | 77.66% |
| 2024-12-03 | 77.65% |
| 2024-12-02 | 77.66% |
| 2024-11-29 | 58.07% |
| 2024-11-27 | 77.33% |
| 2024-11-26 | 77.32% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 75.5% |
| 2018 | $3.85 | $2.07 | 53.7% |
| 2017 | $0.75 | $1.99 | 265.4% |
| 2016 | $1.98 | $1.92 | 96.7% |
| 2015 | $1.74 | $1.86 | 106.8% |
| 2014 | $1.76 | $1.78 | 101.4% |
| 2013 | $4.98 | $1.69 | 33.9% |
| 2012 | $2.68 | $1.63 | 61.0% |
| 2011 | $3.40 | $1.57 | 46.1% |
| 2010 | $3.32 | $1.46 | 44.1% |
| 2009 | $3.17 | $1.34 | 42.4% |
| 2008 | $3.01 | $1.22 | 40.6% |
| 2007 | $2.79 | $1.13 | 40.5% |
| 2006 | $2.53 | $1.07 | 42.2% |
| 2005 | $2.38 | $1.00 | 41.9% |
| 2004 | $2.16 | $0.95 | 44.0% |
| 2003 | $1.93 | $0.95 | 49.2% |
| 2002 | $1.77 | $0.95 | 53.7% |
| 2001 | $1.17 | $0.95 | 81.2% |
| 2000 | $1.45 | $0.94 | 64.5% |
| 1999 | $0.83 | $0.90 | 108.6% |
| 1998 | $1.23 | $0.86 | 70.2% |
| 1997 | $1.32 | $0.82 | 61.9% |
| 1996 | $1.25 | $0.76 | 60.8% |
| 1995 | $1.12 | $0.70 | 62.9% |