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 22.95% is 55% below its 5-year average of 51.03%, near the low end of its 5-year range (22.13%–89.17%).
As of Sunday, July 26, 2026. 23.49% below its 12-month average of 29.99%.
Dividend Payout Ratio (22.95%) = TTM Dividends/Share ($6.46) / TTM EPS ($28.15)
DIVIDEND PAYOUT RATIO
22.95%
DIVIDEND PAYOUT RATIO AVG TTM
29.99%
DIVIDEND PAYOUT RATIO AVG 3Y
47.24%
DIVIDEND PAYOUT RATIO AVG 5Y
51.03%
DIVIDEND PAYOUT RATIO AVG 10Y
56.32%
DIVIDEND PAYOUT RATIO AVG 15Y
59.56%
DIVIDEND PAYOUT RATIO AVG 20Y
59.83%
CURRENT VS TTM AVG
-23.49%
CURRENT VS 3Y AVG
-51.42%
CURRENT VS 5Y AVG
-55.03%
CURRENT VS 10Y AVG
-59.25%
CURRENT VS 15Y AVG
-61.47%
CURRENT VS 20Y AVG
-61.64%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $23.00 | $6.00 | 26.1% |
| 2024 | $11.76 | $5.20 | 44.2% |
| 2023 | $5.83 | $4.52 | 77.5% |
| 2022 | $6.57 | $3.92 | 59.7% |
| 2021 | $5.85 | $3.40 | 58.1% |
| 2020 | $6.47 | $2.96 |
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 | 22.95% |
| 2026-07-23 | 22.95% |
| 2026-07-22 | 22.95% |
| 2026-07-21 | 22.95% |
| 2026-07-20 | 22.95% |
| 2026-07-17 | 22.95% |
| 2026-07-16 | 22.95% |
| 2026-07-15 | 22.95% |
| 2026-07-14 | 22.95% |
| 2026-07-13 | 22.95% |
| 2026-07-10 | 22.95% |
| 2026-07-09 | 22.95% |
| 2026-07-08 | 22.95% |
| 2026-07-07 | 22.95% |
| 2026-07-06 | 22.95% |
| 2026-07-02 | 22.95% |
| 2026-07-01 | 22.95% |
| 2026-06-30 | 22.95% |
| 2026-06-29 | 22.95% |
| 2026-06-26 | 22.95% |
| 2026-06-25 | 22.95% |
| 2026-06-24 | 22.95% |
| 2026-06-23 | 22.95% |
| 2026-06-22 | 22.95% |
| 2026-06-18 | 22.95% |
| 2026-06-17 | 22.95% |
| 2026-06-16 | 22.95% |
| 2026-06-15 | 22.95% |
| 2026-06-12 | 22.95% |
| 2026-06-11 | 22.95% |
| 2026-06-10 | 22.95% |
| 2026-06-09 | 22.95% |
| 2026-06-08 | 22.95% |
| 2026-06-05 | 22.95% |
| 2026-06-04 | 22.95% |
| 2026-06-03 | 22.95% |
| 2026-06-02 | 22.95% |
| 2026-06-01 | 22.95% |
| 2026-05-29 | 22.95% |
| 2026-05-28 | 22.95% |
| 2026-05-27 | 22.95% |
| 2026-05-26 | 22.95% |
| 2026-05-22 | 22.95% |
| 2026-05-21 | 22.95% |
| 2026-05-20 | 22.95% |
| 2026-05-19 | 22.95% |
| 2026-05-18 | 22.95% |
| 2026-05-15 | 28.28% |
| 2026-05-14 | 22.13% |
| 2026-05-13 | 22.13% |
| 2026-05-12 | 22.13% |
| 2026-05-11 | 22.13% |
| 2026-05-08 | 22.13% |
| 2026-05-07 | 22.13% |
| 2026-05-06 | 22.13% |
| 2026-05-05 | 22.13% |
| 2026-05-04 | 22.13% |
| 2026-05-01 | 22.13% |
| 2026-04-30 | 22.13% |
| 2026-04-29 | 27.15% |
| 2026-04-28 | 27.14% |
| 2026-04-27 | 27.14% |
| 2026-04-24 | 27.15% |
| 2026-04-23 | 27.14% |
| 2026-04-22 | 27.14% |
| 2026-04-21 | 27.15% |
| 2026-04-20 | 27.14% |
| 2026-04-17 | 27.14% |
| 2026-04-16 | 27.15% |
| 2026-04-15 | 27.14% |
| 2026-04-14 | 27.15% |
| 2026-04-13 | 27.14% |
| 2026-04-10 | 27.15% |
| 2026-04-09 | 27.15% |
| 2026-04-08 | 27.15% |
| 2026-04-07 | 27.15% |
| 2026-04-06 | 27.14% |
| 2026-04-02 | 27.15% |
| 2026-04-01 | 27.15% |
| 2026-03-31 | 27.15% |
| 2026-03-30 | 27.14% |
| 2026-03-27 | 27.15% |
| 2026-03-26 | 27.14% |
| 2026-03-25 | 27.15% |
| 2026-03-24 | 27.15% |
| 2026-03-23 | 27.15% |
| 2026-03-20 | 27.15% |
| 2026-03-19 | 27.15% |
| 2026-03-18 | 27.14% |
| 2026-03-17 | 27.15% |
| 2026-03-16 | 27.15% |
| 2026-03-13 | 27.14% |
| 2026-03-12 | 27.14% |
| 2026-03-11 | 27.15% |
| 2026-03-10 | 27.14% |
| 2026-03-09 | 27.15% |
| 2026-03-06 | 27.14% |
| 2026-03-05 | 27.14% |
| 2026-03-04 | 27.15% |
| 2026-03-03 | 27.15% |
| 2026-03-02 | 27.15% |
| 2026-02-27 | 27.15% |
| 2026-02-26 | 27.14% |
| 2026-02-25 | 27.15% |
| 2026-02-24 | 27.15% |
| 2026-02-23 | 27.14% |
| 2026-02-20 | 27.15% |
| 2026-02-19 | 27.14% |
| 2026-02-18 | 27.15% |
| 2026-02-17 | 27.14% |
| 2026-02-13 | 33.68% |
| 2026-02-12 | 26.14% |
| 2026-02-11 | 29.36% |
| 2026-02-10 | 29.36% |
| 2026-02-09 | 29.35% |
| 2026-02-06 | 29.35% |
| 2026-02-05 | 29.35% |
| 2026-02-04 | 29.35% |
| 2026-02-03 | 29.35% |
| 2026-02-02 | 29.35% |
| 2026-01-30 | 29.35% |
| 2026-01-29 | 29.35% |
| 2026-01-28 | 29.36% |
| 2026-01-27 | 29.36% |
| 2026-01-26 | 29.35% |
| 2026-01-23 | 29.35% |
| 2026-01-22 | 29.35% |
| 2026-01-21 | 29.36% |
| 2026-01-20 | 29.35% |
| 2026-01-16 | 29.35% |
| 2026-01-15 | 29.36% |
| 2026-01-14 | 29.35% |
| 2026-01-13 | 29.35% |
| 2026-01-12 | 29.36% |
| 2026-01-09 | 29.35% |
| 2026-01-08 | 29.35% |
| 2026-01-07 | 29.35% |
| 2026-01-06 | 29.36% |
| 2026-01-05 | 29.35% |
| 2026-01-02 | 29.36% |
| 2025-12-31 | 29.36% |
| 2025-12-30 | 29.36% |
| 2025-12-29 | 29.35% |
| 2025-12-26 | 29.36% |
| 2025-12-24 | 29.35% |
| 2025-12-23 | 29.36% |
| 2025-12-22 | 29.36% |
| 2025-12-19 | 29.35% |
| 2025-12-18 | 29.36% |
| 2025-12-17 | 29.36% |
| 2025-12-16 | 29.35% |
| 2025-12-15 | 29.36% |
| 2025-12-12 | 29.35% |
| 2025-12-11 | 29.35% |
| 2025-12-10 | 29.35% |
| 2025-12-09 | 29.35% |
| 2025-12-08 | 29.36% |
| 2025-12-05 | 29.36% |
| 2025-12-04 | 29.35% |
| 2025-12-03 | 29.36% |
| 2025-12-02 | 29.35% |
| 2025-12-01 | 29.36% |
| 2025-11-28 | 29.36% |
| 2025-11-26 | 29.36% |
| 2025-11-25 | 29.35% |
| 2025-11-24 | 29.36% |
| 2025-11-21 | 29.35% |
| 2025-11-20 | 29.35% |
| 2025-11-19 | 29.35% |
| 2025-11-18 | 29.35% |
| 2025-11-17 | 29.36% |
| 2025-11-14 | 35.71% |
| 2025-11-13 | 28.37% |
| 2025-11-12 | 28.37% |
| 2025-11-11 | 28.38% |
| 2025-11-10 | 28.37% |
| 2025-11-07 | 28.37% |
| 2025-11-06 | 28.37% |
| 2025-11-05 | 28.37% |
| 2025-11-04 | 28.38% |
| 2025-11-03 | 28.37% |
| 2025-10-31 | 28.37% |
| 2025-10-30 | 28.38% |
| 2025-10-29 | 37.91% |
| 2025-10-28 | 37.91% |
| 2025-10-27 | 37.91% |
| 2025-10-24 | 37.91% |
| 2025-10-23 | 37.91% |
| 2025-10-22 | 37.91% |
| 2025-10-21 | 37.91% |
| 2025-10-20 | 37.91% |
| 2025-10-17 | 37.91% |
| 2025-10-16 | 37.91% |
| 2025-10-15 | 37.91% |
| 2025-10-14 | 37.91% |
| 2025-10-13 | 37.91% |
| 2025-10-10 | 37.91% |
| 2025-10-09 | 37.91% |
| 2025-10-08 | 37.91% |
| 2025-10-07 | 37.91% |
| 2025-10-06 | 37.91% |
| 2025-10-03 | 37.91% |
| 2025-10-02 | 37.90% |
| 2025-10-01 | 37.91% |
| 2025-09-30 | 37.91% |
| 2025-09-29 | 37.91% |
| 2025-09-26 | 37.91% |
| 2025-09-25 | 37.91% |
| 2025-09-24 | 37.91% |
| 2025-09-23 | 37.91% |
| 2025-09-22 | 37.91% |
| 2025-09-19 | 37.91% |
| 2025-09-18 | 37.90% |
| 2025-09-17 | 37.91% |
| 2025-09-16 | 37.91% |
| 2025-09-15 | 37.91% |
| 2025-09-12 | 37.91% |
| 2025-09-11 | 37.91% |
| 2025-09-10 | 37.91% |
| 2025-09-09 | 37.91% |
| 2025-09-08 | 37.91% |
| 2025-09-05 | 37.91% |
| 2025-09-04 | 37.91% |
| 2025-09-03 | 37.91% |
| 2025-09-02 | 37.91% |
| 2025-08-29 | 37.91% |
| 2025-08-28 | 37.91% |
| 2025-08-27 | 37.90% |
| 2025-08-26 | 37.91% |
| 2025-08-25 | 37.91% |
| 2025-08-22 | 37.91% |
| 2025-08-21 | 37.91% |
| 2025-08-20 | 37.91% |
| 2025-08-19 | 37.91% |
| 2025-08-18 | 37.91% |
| 2025-08-15 | 37.91% |
| 2025-08-14 | 36.60% |
| 2025-08-13 | 36.60% |
| 2025-08-12 | 36.60% |
| 2025-08-11 | 36.60% |
| 2025-08-08 | 36.60% |
| 2025-08-07 | 36.60% |
| 2025-08-06 | 45.57% |
| 2025-08-05 | 45.56% |
| 2025-08-04 | 45.56% |
| 2025-08-01 | 45.57% |
| 2025-07-31 | 45.57% |
| 2025-07-30 | 45.57% |
| 2025-07-29 | 45.57% |
| 2025-07-28 | 45.56% |
| 2025-07-25 | 45.57% |
| 2025-07-24 | 45.57% |
| 2025-07-23 | 45.56% |
| 2025-07-22 | 45.57% |
| 2025-07-21 | 45.57% |
| 2025-07-18 | 45.56% |
| 2025-07-17 | 45.56% |
| 2025-07-16 | 45.56% |
| 2025-07-15 | 45.56% |
| 2025-07-14 | 45.57% |
Showing the most recent 260 of 2,469 data points. The chart above shows the full history.
| 45.7% |
| 2019 | $8.69 | $2.58 | 29.7% |
| 2018 | $3.14 | $2.25 | 71.7% |
| 2017 | ($0.19) | $2.08 | N/A (Loss) |
| 2016 | $2.49 | $2.04 | 81.9% |
| 2015 | $2.18 | $2.00 | 91.7% |
| 2014 | $2.15 | $1.96 | 91.2% |
| 2013 | $4.19 | $1.96 | 46.8% |
| 2012 | $3.57 | $1.96 | 54.9% |
| 2011 | $3.90 | $1.96 | 50.3% |
| 2010 | $4.58 | $1.96 | 42.8% |
| 2009 | $3.94 | $1.96 | 49.7% |
| 2008 | ($1.89) | $1.88 | N/A (Loss) |
| 2007 | $2.71 | $1.70 | 62.7% |
| 2006 | $2.45 | $1.60 | 65.3% |
| 2005 | $1.82 | $1.52 | 83.5% |
| 2004 | $1.67 | $1.42 | 85.0% |
| 2003 | $2.38 | $1.34 | 56.3% |
| 2002 | $2.51 | $1.24 | 49.4% |
| 2001 | $2.58 | $1.12 | 43.4% |
| 2000 | $2.83 | $1.04 | 36.7% |
| 1999 | $2.50 | $0.92 | 36.8% |
| 1998 | $1.91 | $0.80 | 41.9% |
| 1997 | ($0.35) | $0.74 | N/A (Loss) |
| 1996 | $1.39 | $0.69 | 49.3% |
