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 117.05% is 29% below its 5-year average of 163.92%, near the low end of its 5-year range (25.30%–931.44%).
As of Sunday, July 26, 2026. 2.05% below its 12-month average of 119.50%.
Dividend Payout Ratio (117.05%) = TTM Dividends/Share ($1.03) / TTM EPS ($0.88)
DIVIDEND PAYOUT RATIO
117.05%
DIVIDEND PAYOUT RATIO AVG TTM
119.50%
DIVIDEND PAYOUT RATIO AVG 3Y
141.66%
DIVIDEND PAYOUT RATIO AVG 5Y
120.62%
DIVIDEND PAYOUT RATIO AVG 10Y
111.86%
DIVIDEND PAYOUT RATIO AVG 15Y
119.08%
DIVIDEND PAYOUT RATIO AVG 20Y
121.27%
CURRENT VS TTM AVG
-2.05%
CURRENT VS 3Y AVG
-17.37%
CURRENT VS 5Y AVG
-2.96%
CURRENT VS 10Y AVG
+4.64%
CURRENT VS 15Y AVG
-1.70%
CURRENT VS 20Y AVG
-3.48%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $0.83 | $1.01 | 121.7% |
| 2024 | $0.55 | $0.97 | 176.4% |
| 2023 | $1.02 | $1.02 | 100.0% |
| 2022 | $0.16 | $0.84 | 525.0% |
| 2021 | $1.61 | $0.68 | 42.2% |
| 2020 | $2.26 | $0.54 |
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 |
|---|---|
| 2026-07-24 | 117.05% |
| 2026-07-23 | 117.05% |
| 2026-07-22 | 117.03% |
| 2026-07-21 | 117.05% |
| 2026-07-20 | 117.05% |
| 2026-07-17 | 117.04% |
| 2026-07-16 | 117.05% |
| 2026-07-15 | 117.04% |
| 2026-07-14 | 117.03% |
| 2026-07-13 | 117.03% |
| 2026-07-10 | 117.03% |
| 2026-07-09 | 117.05% |
| 2026-07-08 | 117.07% |
| 2026-07-07 | 117.05% |
| 2026-07-06 | 117.06% |
| 2026-07-02 | 117.03% |
| 2026-07-01 | 117.05% |
| 2026-06-30 | 117.06% |
| 2026-06-29 | 117.04% |
| 2026-06-26 | 117.04% |
| 2026-06-25 | 117.05% |
| 2026-06-24 | 117.06% |
| 2026-06-23 | 117.07% |
| 2026-06-22 | 117.06% |
| 2026-06-18 | 117.03% |
| 2026-06-17 | 117.05% |
| 2026-06-16 | 117.03% |
| 2026-06-15 | 117.06% |
| 2026-06-12 | 117.03% |
| 2026-06-11 | 117.04% |
| 2026-06-10 | 117.04% |
| 2026-06-09 | 117.07% |
| 2026-06-08 | 117.06% |
| 2026-06-05 | 145.43% |
| 2026-06-04 | 115.89% |
| 2026-06-03 | 115.90% |
| 2026-06-02 | 115.90% |
| 2026-06-01 | 115.89% |
| 2026-05-29 | 115.89% |
| 2026-05-28 | 115.93% |
| 2026-05-27 | 115.91% |
| 2026-05-26 | 115.92% |
| 2026-05-22 | 115.92% |
| 2026-05-21 | 115.91% |
| 2026-05-20 | 115.92% |
| 2026-05-19 | 115.89% |
| 2026-05-18 | 115.91% |
| 2026-05-15 | 115.93% |
| 2026-05-14 | 115.91% |
| 2026-05-13 | 115.92% |
| 2026-05-12 | 115.90% |
| 2026-05-11 | 115.91% |
| 2026-05-08 | 115.90% |
| 2026-05-07 | 115.92% |
| 2026-05-06 | 115.93% |
| 2026-05-05 | 115.91% |
| 2026-05-04 | 115.91% |
| 2026-05-01 | 115.92% |
| 2026-04-30 | 115.89% |
| 2026-04-29 | 122.88% |
| 2026-04-28 | 122.87% |
| 2026-04-27 | 122.89% |
| 2026-04-24 | 122.88% |
| 2026-04-23 | 122.88% |
| 2026-04-22 | 122.90% |
| 2026-04-21 | 122.88% |
| 2026-04-20 | 122.90% |
| 2026-04-17 | 122.87% |
| 2026-04-16 | 122.87% |
| 2026-04-15 | 122.90% |
| 2026-04-14 | 122.88% |
| 2026-04-13 | 122.88% |
| 2026-04-10 | 122.91% |
| 2026-04-09 | 122.91% |
| 2026-04-08 | 122.88% |
| 2026-04-07 | 122.90% |
| 2026-04-06 | 122.89% |
| 2026-04-02 | 122.90% |
| 2026-04-01 | 122.90% |
| 2026-03-31 | 122.88% |
| 2026-03-30 | 122.88% |
| 2026-03-27 | 122.89% |
| 2026-03-26 | 122.89% |
| 2026-03-25 | 122.89% |
| 2026-03-24 | 122.89% |
| 2026-03-23 | 122.89% |
| 2026-03-20 | 122.91% |
| 2026-03-19 | 122.89% |
| 2026-03-18 | 122.89% |
| 2026-03-17 | 122.90% |
| 2026-03-16 | 122.89% |
| 2026-03-13 | 122.88% |
| 2026-03-12 | 122.89% |
| 2026-03-11 | 122.91% |
| 2026-03-10 | 122.88% |
| 2026-03-09 | 122.88% |
| 2026-03-06 | 153.02% |
| 2026-03-05 | 121.71% |
| 2026-03-04 | 121.71% |
| 2026-03-03 | 121.69% |
| 2026-03-02 | 121.71% |
| 2026-02-27 | 121.67% |
| 2026-02-26 | 121.68% |
| 2026-02-25 | 121.70% |
| 2026-02-24 | 121.68% |
| 2026-02-23 | 121.67% |
| 2026-02-20 | 121.71% |
| 2026-02-19 | 120.24% |
| 2026-02-18 | 120.26% |
| 2026-02-17 | 120.24% |
| 2026-02-13 | 120.26% |
| 2026-02-12 | 120.23% |
| 2026-02-11 | 120.24% |
| 2026-02-10 | 120.25% |
| 2026-02-09 | 120.22% |
| 2026-02-06 | 120.25% |
| 2026-02-05 | 120.23% |
| 2026-02-04 | 120.25% |
| 2026-02-03 | 120.23% |
| 2026-02-02 | 120.25% |
| 2026-01-30 | 120.26% |
| 2026-01-29 | 120.21% |
| 2026-01-28 | 120.23% |
| 2026-01-27 | 120.24% |
| 2026-01-26 | 120.23% |
| 2026-01-23 | 120.23% |
| 2026-01-22 | 120.22% |
| 2026-01-21 | 120.22% |
| 2026-01-20 | 120.22% |
| 2026-01-16 | 120.23% |
| 2026-01-15 | 120.25% |
| 2026-01-14 | 120.23% |
| 2026-01-13 | 120.26% |
| 2026-01-12 | 120.22% |
| 2026-01-09 | 120.25% |
| 2026-01-08 | 120.25% |
| 2026-01-07 | 120.25% |
| 2026-01-06 | 120.22% |
| 2026-01-05 | 120.26% |
| 2026-01-02 | 120.23% |
| 2025-12-31 | 120.23% |
| 2025-12-30 | 120.25% |
| 2025-12-29 | 120.22% |
| 2025-12-26 | 120.25% |
| 2025-12-24 | 120.24% |
| 2025-12-23 | 120.24% |
| 2025-12-22 | 120.26% |
| 2025-12-19 | 120.25% |
| 2025-12-18 | 120.22% |
| 2025-12-17 | 120.26% |
| 2025-12-16 | 120.21% |
| 2025-12-15 | 120.21% |
| 2025-12-12 | 120.24% |
| 2025-12-11 | 120.22% |
| 2025-12-10 | 120.23% |
| 2025-12-09 | 120.24% |
| 2025-12-08 | 120.25% |
| 2025-12-05 | 120.22% |
| 2025-12-04 | 119.06% |
| 2025-12-03 | 119.06% |
| 2025-12-02 | 119.06% |
| 2025-12-01 | 119.03% |
| 2025-11-28 | 119.07% |
| 2025-11-26 | 119.06% |
| 2025-11-25 | 119.05% |
| 2025-11-24 | 119.07% |
| 2025-11-21 | 119.06% |
| 2025-11-20 | 119.02% |
| 2025-11-19 | 119.04% |
| 2025-11-18 | 119.03% |
| 2025-11-17 | 119.05% |
| 2025-11-14 | 119.05% |
| 2025-11-13 | 119.04% |
| 2025-11-12 | 119.04% |
| 2025-11-11 | 119.04% |
| 2025-11-10 | 119.04% |
| 2025-11-07 | 119.04% |
| 2025-11-06 | 119.07% |
| 2025-11-05 | 119.04% |
| 2025-11-04 | 119.03% |
| 2025-11-03 | 119.05% |
| 2025-10-31 | 119.07% |
| 2025-10-30 | 119.06% |
| 2025-10-29 | 120.47% |
| 2025-10-28 | 120.47% |
| 2025-10-27 | 120.47% |
| 2025-10-24 | 120.50% |
| 2025-10-23 | 120.48% |
| 2025-10-22 | 120.48% |
| 2025-10-21 | 120.49% |
| 2025-10-20 | 120.50% |
| 2025-10-17 | 120.47% |
| 2025-10-16 | 120.50% |
| 2025-10-15 | 120.50% |
| 2025-10-14 | 120.48% |
| 2025-10-13 | 120.48% |
| 2025-10-10 | 120.50% |
| 2025-10-09 | 120.49% |
| 2025-10-08 | 120.48% |
| 2025-10-07 | 120.50% |
| 2025-10-06 | 120.49% |
| 2025-10-03 | 120.49% |
| 2025-10-02 | 120.46% |
| 2025-10-01 | 120.49% |
| 2025-09-30 | 120.50% |
| 2025-09-29 | 120.49% |
| 2025-09-26 | 120.47% |
| 2025-09-25 | 120.48% |
| 2025-09-24 | 120.48% |
| 2025-09-23 | 120.50% |
| 2025-09-22 | 120.49% |
| 2025-09-19 | 120.46% |
| 2025-09-18 | 120.48% |
| 2025-09-17 | 120.50% |
| 2025-09-16 | 120.49% |
| 2025-09-15 | 120.50% |
| 2025-09-12 | 120.50% |
| 2025-09-11 | 120.48% |
| 2025-09-10 | 120.49% |
| 2025-09-09 | 120.48% |
| 2025-09-08 | 120.47% |
| 2025-09-05 | 120.47% |
| 2025-09-04 | 119.29% |
| 2025-09-03 | 119.26% |
| 2025-09-02 | 119.29% |
| 2025-08-29 | 119.29% |
| 2025-08-28 | 119.29% |
| 2025-08-27 | 119.26% |
| 2025-08-26 | 119.28% |
| 2025-08-25 | 119.29% |
| 2025-08-22 | 119.29% |
| 2025-08-21 | 119.26% |
| 2025-08-20 | 119.28% |
| 2025-08-19 | 119.26% |
| 2025-08-18 | 119.26% |
| 2025-08-15 | 119.26% |
| 2025-08-14 | 119.26% |
| 2025-08-13 | 119.28% |
| 2025-08-12 | 119.29% |
| 2025-08-11 | 119.28% |
| 2025-08-08 | 119.27% |
| 2025-08-07 | 119.28% |
| 2025-08-06 | 119.28% |
| 2025-08-05 | 119.27% |
| 2025-08-04 | 119.27% |
| 2025-08-01 | 119.29% |
| 2025-07-31 | 128.56% |
| 2025-07-30 | 128.56% |
| 2025-07-29 | 128.57% |
| 2025-07-28 | 128.59% |
| 2025-07-25 | 128.59% |
| 2025-07-24 | 128.59% |
| 2025-07-23 | 128.58% |
| 2025-07-22 | 128.56% |
| 2025-07-21 | 128.58% |
| 2025-07-18 | 128.56% |
| 2025-07-17 | 128.57% |
| 2025-07-16 | 128.59% |
| 2025-07-15 | 128.56% |
| 2025-07-14 | 128.55% |
Showing the most recent 260 of 2,503 data points. The chart above shows the full history.
| 23.9% |
| 2019 | $0.75 | $1.12 | 149.3% |
| 2018 | $1.18 | $1.12 | 94.9% |
| 2017 | $0.87 | $1.09 | 125.3% |
| 2016 | $0.79 | $1.04 | 131.0% |
| 2015 | $2.01 | $0.97 | 48.5% |
| 2014 | $0.89 | $1.14 | 128.1% |
| 2013 | $0.43 | $0.85 | 198.8% |
| 2012 | $0.42 | $0.78 | 185.7% |
| 2011 | $0.27 | $0.73 | 270.4% |
| 2010 | $0.22 | $0.66 | 300.0% |
| 2009 | ($0.01) | $0.72 | N/A (Loss) |
| 2008 | $0.79 | $1.68 | 212.7% |
| 2007 | $1.68 | $1.52 | 90.5% |
| 2006 | $1.74 | $1.38 | 79.3% |
| 2005 | $1.55 | $1.27 | 81.9% |
| 2004 | $1.17 | $1.16 | 99.1% |
| 2003 | $0.99 | $1.09 | 110.6% |
| 2002 | $0.99 | $1.05 | 106.1% |
| 2001 | $0.97 | $0.98 | 101.0% |
| 2000 | $0.85 | $0.91 | 106.7% |
| 1999 | $0.74 | $0.82 | 110.8% |
| 1998 | $0.66 | $0.69 | 104.0% |
| 1997 | $0.60 | $0.59 | 98.3% |
| 1996 | $0.54 | $0.53 | 98.8% |
