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 41.17% is 14% below its 5-year average of 47.71%, near the low end of its 5-year range (30.38%–81.60%).
As of Sunday, July 26, 2026. 0.53% above its 12-month average of 40.96%.
Dividend Payout Ratio (41.17%) = TTM Dividends/Share ($6.20) / TTM EPS ($15.06)
DIVIDEND PAYOUT RATIO
41.17%
DIVIDEND PAYOUT RATIO AVG TTM
40.96%
DIVIDEND PAYOUT RATIO AVG 3Y
41.28%
DIVIDEND PAYOUT RATIO AVG 5Y
47.71%
DIVIDEND PAYOUT RATIO AVG 10Y
54.36%
DIVIDEND PAYOUT RATIO AVG 15Y
48.33%
DIVIDEND PAYOUT RATIO AVG 20Y
45.65%
CURRENT VS TTM AVG
+0.53%
CURRENT VS 3Y AVG
-0.27%
CURRENT VS 5Y AVG
-13.70%
CURRENT VS 10Y AVG
-24.26%
CURRENT VS 15Y AVG
-14.81%
CURRENT VS 20Y AVG
-9.80%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $14.67 | $6.00 | 40.9% |
| 2024 | $13.71 | $5.56 | 40.6% |
| 2023 | $12.70 | $5.10 | 40.2% |
| 2022 | $8.30 | $4.68 | 56.4% |
| 2021 | $7.40 | $4.24 | 57.3% |
| 2020 | $4.75 | $3.85 |
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 |
|---|---|
| 2026-07-24 | 41.17% |
| 2026-07-23 | 41.17% |
| 2026-07-22 | 41.17% |
| 2026-07-21 | 41.16% |
| 2026-07-20 | 41.17% |
| 2026-07-17 | 41.17% |
| 2026-07-16 | 41.17% |
| 2026-07-15 | 41.17% |
| 2026-07-14 | 41.17% |
| 2026-07-13 | 41.17% |
| 2026-07-10 | 41.17% |
| 2026-07-09 | 41.17% |
| 2026-07-08 | 41.17% |
| 2026-07-07 | 41.17% |
| 2026-07-06 | 41.17% |
| 2026-07-02 | 41.17% |
| 2026-07-01 | 41.17% |
| 2026-06-30 | 41.17% |
| 2026-06-29 | 41.16% |
| 2026-06-26 | 41.16% |
| 2026-06-25 | 41.17% |
| 2026-06-24 | 41.17% |
| 2026-06-23 | 41.16% |
| 2026-06-22 | 41.17% |
| 2026-06-18 | 41.17% |
| 2026-06-17 | 41.17% |
| 2026-06-16 | 41.17% |
| 2026-06-15 | 41.17% |
| 2026-06-12 | 41.17% |
| 2026-06-11 | 41.17% |
| 2026-06-10 | 41.17% |
| 2026-06-09 | 41.17% |
| 2026-06-08 | 41.17% |
| 2026-06-05 | 41.17% |
| 2026-06-04 | 41.17% |
| 2026-06-03 | 40.50% |
| 2026-06-02 | 40.51% |
| 2026-06-01 | 40.51% |
| 2026-05-29 | 40.51% |
| 2026-05-28 | 40.50% |
| 2026-05-27 | 40.50% |
| 2026-05-26 | 40.50% |
| 2026-05-22 | 40.51% |
| 2026-05-21 | 40.50% |
| 2026-05-20 | 40.50% |
| 2026-05-19 | 40.50% |
| 2026-05-18 | 40.50% |
| 2026-05-15 | 40.51% |
| 2026-05-14 | 40.50% |
| 2026-05-13 | 40.50% |
| 2026-05-12 | 40.51% |
| 2026-05-11 | 40.50% |
| 2026-05-08 | 40.51% |
| 2026-05-07 | 40.50% |
| 2026-05-06 | 40.50% |
| 2026-05-05 | 40.50% |
| 2026-05-04 | 40.50% |
| 2026-05-01 | 40.51% |
| 2026-04-30 | 41.81% |
| 2026-04-29 | 41.81% |
| 2026-04-28 | 41.82% |
| 2026-04-27 | 41.81% |
| 2026-04-24 | 41.81% |
| 2026-04-23 | 41.81% |
| 2026-04-22 | 41.81% |
| 2026-04-21 | 41.81% |
| 2026-04-20 | 41.81% |
| 2026-04-17 | 41.81% |
| 2026-04-16 | 41.81% |
| 2026-04-15 | 41.81% |
| 2026-04-14 | 41.81% |
| 2026-04-13 | 41.81% |
| 2026-04-10 | 41.81% |
| 2026-04-09 | 41.81% |
| 2026-04-08 | 41.81% |
| 2026-04-07 | 41.81% |
| 2026-04-06 | 41.80% |
| 2026-04-02 | 41.81% |
| 2026-04-01 | 41.81% |
| 2026-03-31 | 41.81% |
| 2026-03-30 | 41.81% |
| 2026-03-27 | 41.81% |
| 2026-03-26 | 41.81% |
| 2026-03-25 | 41.82% |
| 2026-03-24 | 41.81% |
| 2026-03-23 | 41.82% |
| 2026-03-20 | 41.81% |
| 2026-03-19 | 41.81% |
| 2026-03-18 | 41.81% |
| 2026-03-17 | 41.81% |
| 2026-03-16 | 41.81% |
| 2026-03-13 | 41.81% |
| 2026-03-12 | 52.09% |
| 2026-03-11 | 52.10% |
| 2026-03-10 | 41.13% |
| 2026-03-09 | 41.13% |
| 2026-03-06 | 41.12% |
| 2026-03-05 | 41.13% |
| 2026-03-04 | 41.12% |
| 2026-03-03 | 41.13% |
| 2026-03-02 | 41.12% |
| 2026-02-27 | 41.12% |
| 2026-02-26 | 41.13% |
| 2026-02-25 | 41.13% |
| 2026-02-24 | 40.19% |
| 2026-02-23 | 40.19% |
| 2026-02-20 | 40.19% |
| 2026-02-19 | 40.19% |
| 2026-02-18 | 40.18% |
| 2026-02-17 | 40.19% |
| 2026-02-13 | 40.19% |
| 2026-02-12 | 40.19% |
| 2026-02-11 | 40.18% |
| 2026-02-10 | 40.18% |
| 2026-02-09 | 40.19% |
| 2026-02-06 | 40.18% |
| 2026-02-05 | 40.19% |
| 2026-02-04 | 40.18% |
| 2026-02-03 | 40.19% |
| 2026-02-02 | 40.19% |
| 2026-01-30 | 40.19% |
| 2026-01-29 | 40.19% |
| 2026-01-28 | 40.19% |
| 2026-01-27 | 40.18% |
| 2026-01-26 | 40.19% |
| 2026-01-23 | 40.19% |
| 2026-01-22 | 40.19% |
| 2026-01-21 | 40.19% |
| 2026-01-20 | 40.18% |
| 2026-01-16 | 40.19% |
| 2026-01-15 | 40.18% |
| 2026-01-14 | 40.19% |
| 2026-01-13 | 40.19% |
| 2026-01-12 | 40.18% |
| 2026-01-09 | 40.18% |
| 2026-01-08 | 40.19% |
| 2026-01-07 | 40.19% |
| 2026-01-06 | 40.19% |
| 2026-01-05 | 40.19% |
| 2026-01-02 | 40.19% |
| 2025-12-31 | 40.19% |
| 2025-12-30 | 40.19% |
| 2025-12-29 | 40.19% |
| 2025-12-26 | 40.19% |
| 2025-12-24 | 40.19% |
| 2025-12-23 | 40.18% |
| 2025-12-22 | 40.19% |
| 2025-12-19 | 40.19% |
| 2025-12-18 | 40.18% |
| 2025-12-17 | 40.19% |
| 2025-12-16 | 40.19% |
| 2025-12-15 | 40.19% |
| 2025-12-12 | 40.19% |
| 2025-12-11 | 40.18% |
| 2025-12-10 | 40.19% |
| 2025-12-09 | 40.19% |
| 2025-12-08 | 40.19% |
| 2025-12-05 | 40.18% |
| 2025-12-04 | 40.19% |
| 2025-12-03 | 40.18% |
| 2025-12-02 | 39.45% |
| 2025-12-01 | 39.45% |
| 2025-11-28 | 39.45% |
| 2025-11-26 | 39.45% |
| 2025-11-25 | 39.45% |
| 2025-11-24 | 39.46% |
| 2025-11-21 | 39.46% |
| 2025-11-20 | 39.45% |
| 2025-11-19 | 39.46% |
| 2025-11-18 | 39.45% |
| 2025-11-17 | 39.45% |
| 2025-11-14 | 39.45% |
| 2025-11-13 | 39.45% |
| 2025-11-12 | 39.45% |
| 2025-11-11 | 39.46% |
| 2025-11-10 | 39.46% |
| 2025-11-07 | 39.46% |
| 2025-11-06 | 39.45% |
| 2025-11-05 | 39.45% |
| 2025-11-04 | 39.45% |
| 2025-11-03 | 39.45% |
| 2025-10-31 | 39.45% |
| 2025-10-30 | 41.90% |
| 2025-10-29 | 41.90% |
| 2025-10-28 | 41.89% |
| 2025-10-27 | 41.90% |
| 2025-10-24 | 41.89% |
| 2025-10-23 | 41.89% |
| 2025-10-22 | 41.89% |
| 2025-10-21 | 41.89% |
| 2025-10-20 | 41.90% |
| 2025-10-17 | 41.89% |
| 2025-10-16 | 41.90% |
| 2025-10-15 | 41.90% |
| 2025-10-14 | 41.89% |
| 2025-10-13 | 41.89% |
| 2025-10-10 | 41.90% |
| 2025-10-09 | 41.90% |
| 2025-10-08 | 41.89% |
| 2025-10-07 | 41.89% |
| 2025-10-06 | 41.90% |
| 2025-10-03 | 41.90% |
| 2025-10-02 | 41.89% |
| 2025-10-01 | 41.89% |
| 2025-09-30 | 41.89% |
| 2025-09-29 | 41.89% |
| 2025-09-26 | 41.89% |
| 2025-09-25 | 41.90% |
| 2025-09-24 | 41.89% |
| 2025-09-23 | 41.90% |
| 2025-09-22 | 41.89% |
| 2025-09-19 | 41.89% |
| 2025-09-18 | 41.89% |
| 2025-09-17 | 41.89% |
| 2025-09-16 | 41.89% |
| 2025-09-15 | 41.90% |
| 2025-09-12 | 41.89% |
| 2025-09-11 | 41.89% |
| 2025-09-10 | 41.89% |
| 2025-09-09 | 41.89% |
| 2025-09-08 | 41.90% |
| 2025-09-05 | 41.89% |
| 2025-09-04 | 41.89% |
| 2025-09-03 | 41.10% |
| 2025-09-02 | 41.11% |
| 2025-08-29 | 41.11% |
| 2025-08-28 | 41.11% |
| 2025-08-27 | 41.11% |
| 2025-08-26 | 41.11% |
| 2025-08-25 | 41.11% |
| 2025-08-22 | 41.11% |
| 2025-08-21 | 41.11% |
| 2025-08-20 | 41.11% |
| 2025-08-19 | 41.11% |
| 2025-08-18 | 41.11% |
| 2025-08-15 | 41.12% |
| 2025-08-14 | 41.11% |
| 2025-08-13 | 41.11% |
| 2025-08-12 | 41.11% |
| 2025-08-11 | 41.12% |
| 2025-08-08 | 41.11% |
| 2025-08-07 | 41.11% |
| 2025-08-06 | 41.11% |
| 2025-08-05 | 41.11% |
| 2025-08-04 | 41.11% |
| 2025-08-01 | 41.10% |
| 2025-07-31 | 41.97% |
| 2025-07-30 | 41.98% |
| 2025-07-29 | 41.97% |
| 2025-07-28 | 41.98% |
| 2025-07-25 | 41.97% |
| 2025-07-24 | 41.97% |
| 2025-07-23 | 41.97% |
| 2025-07-22 | 41.98% |
| 2025-07-21 | 41.97% |
| 2025-07-18 | 41.98% |
| 2025-07-17 | 41.98% |
| 2025-07-16 | 41.97% |
| 2025-07-15 | 41.98% |
| 2025-07-14 | 41.97% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 81.1% |
| 2019 | $4.22 | $3.50 | 82.9% |
| 2018 | $13.26 | $3.30 | 24.9% |
| 2017 | $4.36 | $3.15 | 72.2% |
| 2016 | $5.25 | $3.00 | 57.1% |
| 2015 | $5.39 | $2.86 | 53.1% |
| 2014 | $5.79 | $2.60 | 44.9% |
| 2013 | $5.94 | $2.40 | 40.4% |
| 2012 | $5.67 | $2.20 | 38.8% |
| 2011 | $5.53 | $2.00 | 36.2% |
| 2010 | $3.90 | $1.80 | 46.2% |
| 2009 | $4.08 | $1.60 | 39.2% |
| 2008 | $3.87 | $1.50 | 38.8% |
| 2007 | $3.69 | $1.20 | 32.5% |
| 2006 | $3.05 | $1.00 | 32.8% |
| 2005 | $2.24 | $0.72 | 32.1% |
| 2004 | $2.14 | $0.60 | 28.0% |
| 2003 | $1.79 | $0.46 | 25.6% |
| 2002 | $1.25 | $0.38 | 30.4% |
| 2001 | $1.33 | $0.34 | 25.6% |
| 2000 | $1.14 | $0.31 | 27.2% |
| 1999 | $1.36 | $0.28 | 20.6% |
| 1998 | $1.34 | $0.25 | 18.7% |
| 1997 | $1.28 | $0.22 | 17.2% |
| 1996 | $0.93 | $0.19 | 20.4% |
