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 23.69% is in line with its 5-year average of 25.05%, around the middle of its 5-year range (15.30%–37.75%).
As of Wednesday, July 29, 2026. 9.03% above its 12-month average of 21.73%.
Dividend Payout Ratio (23.69%) = TTM Dividends/Share ($5.26) / TTM EPS ($22.20)
DIVIDEND PAYOUT RATIO
23.69%
DIVIDEND PAYOUT RATIO AVG TTM
21.73%
DIVIDEND PAYOUT RATIO AVG 3Y
23.08%
DIVIDEND PAYOUT RATIO AVG 5Y
25.05%
DIVIDEND PAYOUT RATIO AVG 10Y
27.03%
DIVIDEND PAYOUT RATIO AVG 15Y
27.88%
DIVIDEND PAYOUT RATIO AVG 20Y
28.25%
CURRENT VS TTM AVG
+9.03%
CURRENT VS 3Y AVG
+2.67%
CURRENT VS 5Y AVG
-5.43%
CURRENT VS 10Y AVG
-12.36%
CURRENT VS 15Y AVG
-15.02%
CURRENT VS 20Y AVG
-16.11%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $22.31 | $5.05 | 22.6% |
| 2024 | $22.67 | $4.55 | 20.1% |
| 2023 | $16.62 | $4.36 | 26.2% |
| 2022 | $13.92 | $4.10 | 29.5% |
| 2021 | $12.47 | $3.53 | 28.3% |
| 2020 | $9.30 | $3.08 |
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 |
|---|---|
| 2026-07-28 | 23.69% |
| 2026-07-27 | 23.70% |
| 2026-07-24 | 23.70% |
| 2026-07-23 | 23.69% |
| 2026-07-22 | 23.69% |
| 2026-07-21 | 23.70% |
| 2026-07-20 | 23.70% |
| 2026-07-17 | 23.69% |
| 2026-07-16 | 23.69% |
| 2026-07-15 | 23.69% |
| 2026-07-14 | 23.69% |
| 2026-07-13 | 23.70% |
| 2026-07-10 | 23.70% |
| 2026-07-09 | 23.69% |
| 2026-07-08 | 23.69% |
| 2026-07-07 | 23.70% |
| 2026-07-06 | 23.70% |
| 2026-07-02 | 23.70% |
| 2026-07-01 | 23.69% |
| 2026-06-30 | 23.70% |
| 2026-06-29 | 23.42% |
| 2026-06-26 | 23.42% |
| 2026-06-25 | 23.42% |
| 2026-06-24 | 23.42% |
| 2026-06-23 | 23.43% |
| 2026-06-22 | 23.43% |
| 2026-06-18 | 23.42% |
| 2026-06-17 | 23.43% |
| 2026-06-16 | 23.42% |
| 2026-06-15 | 23.42% |
| 2026-06-12 | 23.42% |
| 2026-06-11 | 23.42% |
| 2026-06-10 | 23.42% |
| 2026-06-09 | 23.42% |
| 2026-06-08 | 23.43% |
| 2026-06-05 | 23.42% |
| 2026-06-04 | 23.43% |
| 2026-06-03 | 23.42% |
| 2026-06-02 | 23.42% |
| 2026-06-01 | 23.43% |
| 2026-05-29 | 23.42% |
| 2026-05-28 | 23.43% |
| 2026-05-27 | 23.42% |
| 2026-05-26 | 23.43% |
| 2026-05-22 | 23.42% |
| 2026-05-21 | 23.42% |
| 2026-05-20 | 23.42% |
| 2026-05-19 | 23.42% |
| 2026-05-18 | 23.43% |
| 2026-05-15 | 23.42% |
| 2026-05-14 | 23.42% |
| 2026-05-13 | 23.42% |
| 2026-05-12 | 23.43% |
| 2026-05-11 | 23.42% |
| 2026-05-08 | 23.42% |
| 2026-05-07 | 23.42% |
| 2026-05-06 | 23.43% |
| 2026-05-05 | 23.42% |
| 2026-05-04 | 23.42% |
| 2026-05-01 | 23.42% |
| 2026-04-30 | 23.42% |
| 2026-04-29 | 28.61% |
| 2026-04-28 | 28.58% |
| 2026-04-27 | 28.57% |
| 2026-04-24 | 28.58% |
| 2026-04-23 | 28.58% |
| 2026-04-22 | 28.58% |
| 2026-04-21 | 28.57% |
| 2026-04-20 | 28.58% |
| 2026-04-17 | 28.58% |
| 2026-04-16 | 28.58% |
| 2026-04-15 | 28.58% |
| 2026-04-14 | 28.58% |
| 2026-04-13 | 28.58% |
| 2026-04-10 | 28.58% |
| 2026-04-09 | 28.57% |
| 2026-04-08 | 28.58% |
| 2026-04-07 | 28.58% |
| 2026-04-06 | 28.57% |
| 2026-04-02 | 28.58% |
| 2026-04-01 | 28.58% |
| 2026-03-31 | 28.58% |
| 2026-03-30 | 22.73% |
| 2026-03-27 | 22.73% |
| 2026-03-26 | 22.73% |
| 2026-03-25 | 22.73% |
| 2026-03-24 | 22.73% |
| 2026-03-23 | 22.73% |
| 2026-03-20 | 22.73% |
| 2026-03-19 | 22.73% |
| 2026-03-18 | 22.73% |
| 2026-03-17 | 22.73% |
| 2026-03-16 | 22.73% |
| 2026-03-13 | 22.73% |
| 2026-03-12 | 22.73% |
| 2026-03-11 | 22.73% |
| 2026-03-10 | 22.73% |
| 2026-03-09 | 22.73% |
| 2026-03-06 | 22.73% |
| 2026-03-05 | 22.72% |
| 2026-03-04 | 22.72% |
| 2026-03-03 | 22.73% |
| 2026-03-02 | 22.73% |
| 2026-02-27 | 22.73% |
| 2026-02-26 | 22.73% |
| 2026-02-25 | 22.73% |
| 2026-02-24 | 22.73% |
| 2026-02-23 | 22.73% |
| 2026-02-20 | 22.73% |
| 2026-02-19 | 22.73% |
| 2026-02-18 | 22.73% |
| 2026-02-17 | 22.73% |
| 2026-02-13 | 21.34% |
| 2026-02-12 | 21.34% |
| 2026-02-11 | 21.33% |
| 2026-02-10 | 21.34% |
| 2026-02-09 | 21.33% |
| 2026-02-06 | 21.33% |
| 2026-02-05 | 21.34% |
| 2026-02-04 | 21.33% |
| 2026-02-03 | 21.33% |
| 2026-02-02 | 21.33% |
| 2026-01-30 | 21.34% |
| 2026-01-29 | 21.34% |
| 2026-01-28 | 21.34% |
| 2026-01-27 | 21.33% |
| 2026-01-26 | 21.34% |
| 2026-01-23 | 21.34% |
| 2026-01-22 | 21.33% |
| 2026-01-21 | 21.34% |
| 2026-01-20 | 21.33% |
| 2026-01-16 | 21.34% |
| 2026-01-15 | 21.34% |
| 2026-01-14 | 21.33% |
| 2026-01-13 | 21.33% |
| 2026-01-12 | 21.34% |
| 2026-01-09 | 21.33% |
| 2026-01-08 | 21.34% |
| 2026-01-07 | 21.33% |
| 2026-01-06 | 21.33% |
| 2026-01-05 | 21.34% |
| 2026-01-02 | 21.34% |
| 2025-12-31 | 21.33% |
| 2025-12-30 | 20.70% |
| 2025-12-29 | 20.70% |
| 2025-12-26 | 20.71% |
| 2025-12-24 | 20.70% |
| 2025-12-23 | 20.70% |
| 2025-12-22 | 20.70% |
| 2025-12-19 | 20.70% |
| 2025-12-18 | 20.70% |
| 2025-12-17 | 20.70% |
| 2025-12-16 | 20.70% |
| 2025-12-15 | 20.70% |
| 2025-12-12 | 20.70% |
| 2025-12-11 | 20.70% |
| 2025-12-10 | 20.70% |
| 2025-12-09 | 20.70% |
| 2025-12-08 | 20.70% |
| 2025-12-05 | 20.71% |
| 2025-12-04 | 20.70% |
| 2025-12-03 | 20.70% |
| 2025-12-02 | 20.70% |
| 2025-12-01 | 20.70% |
| 2025-11-28 | 20.71% |
| 2025-11-26 | 20.70% |
| 2025-11-25 | 20.70% |
| 2025-11-24 | 20.70% |
| 2025-11-21 | 20.70% |
| 2025-11-20 | 20.70% |
| 2025-11-19 | 20.70% |
| 2025-11-18 | 20.71% |
| 2025-11-17 | 20.70% |
| 2025-11-14 | 20.70% |
| 2025-11-13 | 20.70% |
| 2025-11-12 | 20.70% |
| 2025-11-11 | 20.70% |
| 2025-11-10 | 20.70% |
| 2025-11-07 | 20.71% |
| 2025-11-06 | 20.70% |
| 2025-11-05 | 20.70% |
| 2025-11-04 | 20.70% |
| 2025-11-03 | 20.71% |
| 2025-10-31 | 20.71% |
| 2025-10-30 | 20.70% |
| 2025-10-29 | 20.70% |
| 2025-10-28 | 20.70% |
| 2025-10-27 | 20.70% |
| 2025-10-24 | 20.70% |
| 2025-10-23 | 20.70% |
| 2025-10-22 | 20.70% |
| 2025-10-21 | 20.95% |
| 2025-10-20 | 20.95% |
| 2025-10-17 | 20.95% |
| 2025-10-16 | 20.95% |
| 2025-10-15 | 20.95% |
| 2025-10-14 | 20.95% |
| 2025-10-13 | 20.95% |
| 2025-10-10 | 20.95% |
| 2025-10-09 | 20.94% |
| 2025-10-08 | 20.95% |
| 2025-10-07 | 20.95% |
| 2025-10-06 | 20.95% |
| 2025-10-03 | 20.95% |
| 2025-10-02 | 20.95% |
| 2025-10-01 | 20.95% |
| 2025-09-30 | 20.95% |
| 2025-09-29 | 20.31% |
| 2025-09-26 | 20.30% |
| 2025-09-25 | 20.31% |
| 2025-09-24 | 20.31% |
| 2025-09-23 | 20.31% |
| 2025-09-22 | 20.31% |
| 2025-09-19 | 20.31% |
| 2025-09-18 | 20.31% |
| 2025-09-17 | 20.31% |
| 2025-09-16 | 20.31% |
| 2025-09-15 | 20.30% |
| 2025-09-12 | 20.31% |
| 2025-09-11 | 20.31% |
| 2025-09-10 | 20.31% |
| 2025-09-09 | 20.31% |
| 2025-09-08 | 20.31% |
| 2025-09-05 | 20.30% |
| 2025-09-04 | 20.31% |
| 2025-09-03 | 20.31% |
| 2025-09-02 | 20.31% |
| 2025-08-29 | 20.31% |
| 2025-08-28 | 20.31% |
| 2025-08-27 | 20.31% |
| 2025-08-26 | 20.31% |
| 2025-08-25 | 20.31% |
| 2025-08-22 | 20.31% |
| 2025-08-21 | 20.31% |
| 2025-08-20 | 20.31% |
| 2025-08-19 | 20.31% |
| 2025-08-18 | 20.30% |
| 2025-08-15 | 20.31% |
| 2025-08-14 | 20.31% |
| 2025-08-13 | 20.31% |
| 2025-08-12 | 20.31% |
| 2025-08-11 | 20.31% |
| 2025-08-08 | 20.31% |
| 2025-08-07 | 20.31% |
| 2025-08-06 | 20.31% |
| 2025-08-05 | 20.31% |
| 2025-08-04 | 20.31% |
| 2025-08-01 | 20.31% |
| 2025-07-31 | 20.31% |
| 2025-07-30 | 20.31% |
| 2025-07-29 | 20.31% |
| 2025-07-28 | 20.31% |
| 2025-07-25 | 20.31% |
| 2025-07-24 | 20.31% |
| 2025-07-23 | 20.31% |
| 2025-07-22 | 21.17% |
| 2025-07-21 | 21.16% |
| 2025-07-18 | 21.17% |
| 2025-07-17 | 21.17% |
| 2025-07-16 | 21.17% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 33.1% |
| 2019 | $10.48 | $2.95 | 28.1% |
| 2018 | $8.84 | $2.43 | 27.5% |
| 2017 | $7.25 | $1.96 | 27.0% |
| 2016 | $6.39 | $1.65 | 25.8% |
| 2015 | $4.16 | $1.38 | 33.2% |
| 2014 | $4.30 | $1.14 | 26.5% |
| 2013 | $3.45 | $0.92 | 26.7% |
| 2012 | $1.77 | $0.76 | 42.9% |
| 2011 | $1.68 | $0.72 | 42.9% |
| 2010 | $2.13 | $0.60 | 28.2% |
| 2009 | $0.91 | $0.56 | 61.5% |
| 2008 | $2.17 | $0.56 | 25.8% |
| 2007 | $2.55 | $0.53 | 20.8% |
| 2006 | $2.37 | $0.46 | 19.4% |
| 2005 | $2.35 | $0.41 | 17.4% |
| 2004 | ($2.24) | $0.39 | N/A (Loss) |
| 2003 | $1.41 | $0.38 | 27.0% |
| 2002 | ($3.33) | $0.38 | N/A (Loss) |
| 2001 | ($0.82) | $0.38 | N/A (Loss) |
| 2000 | $1.04 | $0.38 | 36.5% |
| 1999 | $1.63 | $0.18 | 11.0% |
| 1998 | $1.50 | $0.00 | 0.0% |
