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 65.35% is in line with its 5-year average of 66.00%, around the middle of its 5-year range (51.36%–80.67%).
As of Sunday, July 26, 2026. 1.74% above its 12-month average of 64.24%.
Dividend Payout Ratio (65.35%) = TTM Dividends/Share ($2.08) / TTM EPS ($3.19)
DIVIDEND PAYOUT RATIO
65.35%
DIVIDEND PAYOUT RATIO AVG TTM
64.24%
DIVIDEND PAYOUT RATIO AVG 3Y
65.84%
DIVIDEND PAYOUT RATIO AVG 5Y
65.02%
DIVIDEND PAYOUT RATIO AVG 10Y
64.86%
DIVIDEND PAYOUT RATIO AVG 15Y
64.65%
DIVIDEND PAYOUT RATIO AVG 20Y
64.24%
CURRENT VS TTM AVG
+1.74%
CURRENT VS 3Y AVG
-0.73%
CURRENT VS 5Y AVG
+0.51%
CURRENT VS 10Y AVG
+0.77%
CURRENT VS 15Y AVG
+1.09%
CURRENT VS 20Y AVG
+1.74%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.15 | $2.03 | 64.4% |
| 2024 | $2.69 | $1.92 | 71.4% |
| 2023 | $2.78 | $1.81 | 65.1% |
| 2022 | $2.73 | $1.71 | 62.6% |
| 2021 | $2.63 | $1.61 | 61.2% |
| 2020 | $2.47 | $1.52 |
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 | 65.35% |
| 2026-07-23 | 65.36% |
| 2026-07-22 | 65.35% |
| 2026-07-21 | 65.36% |
| 2026-07-20 | 65.35% |
| 2026-07-17 | 65.35% |
| 2026-07-16 | 65.37% |
| 2026-07-15 | 65.36% |
| 2026-07-14 | 65.36% |
| 2026-07-13 | 65.36% |
| 2026-07-10 | 65.36% |
| 2026-07-09 | 65.36% |
| 2026-07-08 | 65.36% |
| 2026-07-07 | 65.36% |
| 2026-07-06 | 65.37% |
| 2026-07-02 | 65.36% |
| 2026-07-01 | 65.36% |
| 2026-06-30 | 65.37% |
| 2026-06-29 | 65.35% |
| 2026-06-26 | 65.37% |
| 2026-06-25 | 65.35% |
| 2026-06-24 | 65.37% |
| 2026-06-23 | 65.37% |
| 2026-06-22 | 65.36% |
| 2026-06-18 | 65.35% |
| 2026-06-17 | 65.37% |
| 2026-06-16 | 65.37% |
| 2026-06-15 | 65.37% |
| 2026-06-12 | 65.36% |
| 2026-06-11 | 65.35% |
| 2026-06-10 | 65.35% |
| 2026-06-09 | 65.37% |
| 2026-06-08 | 65.36% |
| 2026-06-05 | 65.35% |
| 2026-06-04 | 65.36% |
| 2026-06-03 | 65.36% |
| 2026-06-02 | 65.35% |
| 2026-06-01 | 65.36% |
| 2026-05-29 | 65.37% |
| 2026-05-28 | 65.35% |
| 2026-05-27 | 65.36% |
| 2026-05-26 | 65.37% |
| 2026-05-22 | 65.36% |
| 2026-05-21 | 65.36% |
| 2026-05-20 | 65.37% |
| 2026-05-19 | 65.35% |
| 2026-05-18 | 65.36% |
| 2026-05-15 | 65.37% |
| 2026-05-14 | 65.36% |
| 2026-05-13 | 65.35% |
| 2026-05-12 | 65.37% |
| 2026-05-11 | 65.37% |
| 2026-05-08 | 65.37% |
| 2026-05-07 | 65.35% |
| 2026-05-06 | 65.37% |
| 2026-05-05 | 65.37% |
| 2026-05-04 | 65.37% |
| 2026-05-01 | 65.37% |
| 2026-04-30 | 66.19% |
| 2026-04-29 | 65.33% |
| 2026-04-28 | 65.31% |
| 2026-04-27 | 65.32% |
| 2026-04-24 | 65.33% |
| 2026-04-23 | 65.33% |
| 2026-04-22 | 65.33% |
| 2026-04-21 | 65.31% |
| 2026-04-20 | 65.31% |
| 2026-04-17 | 65.32% |
| 2026-04-16 | 65.31% |
| 2026-04-15 | 65.31% |
| 2026-04-14 | 65.31% |
| 2026-04-13 | 65.32% |
| 2026-04-10 | 65.33% |
| 2026-04-09 | 65.31% |
| 2026-04-08 | 65.31% |
| 2026-04-07 | 65.31% |
| 2026-04-06 | 65.32% |
| 2026-04-02 | 65.33% |
| 2026-04-01 | 65.32% |
| 2026-03-31 | 65.31% |
| 2026-03-30 | 65.33% |
| 2026-03-27 | 65.33% |
| 2026-03-26 | 65.30% |
| 2026-03-25 | 65.32% |
| 2026-03-24 | 65.30% |
| 2026-03-23 | 65.32% |
| 2026-03-20 | 65.31% |
| 2026-03-19 | 65.31% |
| 2026-03-18 | 65.31% |
| 2026-03-17 | 65.33% |
| 2026-03-16 | 65.31% |
| 2026-03-13 | 65.32% |
| 2026-03-12 | 65.32% |
| 2026-03-11 | 65.32% |
| 2026-03-10 | 65.31% |
| 2026-03-09 | 65.31% |
| 2026-03-06 | 65.31% |
| 2026-03-05 | 65.32% |
| 2026-03-04 | 65.31% |
| 2026-03-03 | 65.32% |
| 2026-03-02 | 65.31% |
| 2026-02-27 | 65.33% |
| 2026-02-26 | 65.31% |
| 2026-02-25 | 65.31% |
| 2026-02-24 | 65.32% |
| 2026-02-23 | 65.32% |
| 2026-02-20 | 65.31% |
| 2026-02-19 | 64.71% |
| 2026-02-18 | 64.69% |
| 2026-02-17 | 64.71% |
| 2026-02-13 | 64.71% |
| 2026-02-12 | 64.70% |
| 2026-02-11 | 64.71% |
| 2026-02-10 | 64.71% |
| 2026-02-09 | 64.71% |
| 2026-02-06 | 64.70% |
| 2026-02-05 | 64.71% |
| 2026-02-04 | 64.70% |
| 2026-02-03 | 64.70% |
| 2026-02-02 | 64.69% |
| 2026-01-30 | 80.67% |
| 2026-01-29 | 63.84% |
| 2026-01-28 | 63.85% |
| 2026-01-27 | 63.84% |
| 2026-01-26 | 63.83% |
| 2026-01-23 | 63.85% |
| 2026-01-22 | 63.84% |
| 2026-01-21 | 63.84% |
| 2026-01-20 | 63.84% |
| 2026-01-16 | 63.85% |
| 2026-01-15 | 63.84% |
| 2026-01-14 | 63.85% |
| 2026-01-13 | 63.84% |
| 2026-01-12 | 63.82% |
| 2026-01-09 | 63.85% |
| 2026-01-08 | 63.83% |
| 2026-01-07 | 63.82% |
| 2026-01-06 | 63.84% |
| 2026-01-05 | 63.84% |
| 2026-01-02 | 63.85% |
| 2025-12-31 | 63.83% |
| 2025-12-30 | 63.83% |
| 2025-12-29 | 63.83% |
| 2025-12-26 | 63.85% |
| 2025-12-24 | 63.83% |
| 2025-12-23 | 63.83% |
| 2025-12-22 | 63.84% |
| 2025-12-19 | 63.82% |
| 2025-12-18 | 63.85% |
| 2025-12-17 | 63.83% |
| 2025-12-16 | 63.83% |
| 2025-12-15 | 63.84% |
| 2025-12-12 | 63.82% |
| 2025-12-11 | 63.84% |
| 2025-12-10 | 63.83% |
| 2025-12-09 | 63.85% |
| 2025-12-08 | 63.83% |
| 2025-12-05 | 63.84% |
| 2025-12-04 | 63.83% |
| 2025-12-03 | 63.82% |
| 2025-12-02 | 63.83% |
| 2025-12-01 | 63.84% |
| 2025-11-28 | 63.85% |
| 2025-11-26 | 63.82% |
| 2025-11-25 | 63.82% |
| 2025-11-24 | 63.83% |
| 2025-11-21 | 63.84% |
| 2025-11-20 | 63.85% |
| 2025-11-19 | 63.84% |
| 2025-11-18 | 63.83% |
| 2025-11-17 | 63.85% |
| 2025-11-14 | 63.83% |
| 2025-11-13 | 63.83% |
| 2025-11-12 | 63.84% |
| 2025-11-11 | 63.84% |
| 2025-11-10 | 63.85% |
| 2025-11-07 | 63.85% |
| 2025-11-06 | 62.66% |
| 2025-11-05 | 62.65% |
| 2025-11-04 | 62.65% |
| 2025-11-03 | 62.67% |
| 2025-10-31 | 62.64% |
| 2025-10-30 | 61.82% |
| 2025-10-29 | 61.80% |
| 2025-10-28 | 61.80% |
| 2025-10-27 | 61.80% |
| 2025-10-24 | 61.81% |
| 2025-10-23 | 61.80% |
| 2025-10-22 | 61.80% |
| 2025-10-21 | 61.82% |
| 2025-10-20 | 61.81% |
| 2025-10-17 | 61.81% |
| 2025-10-16 | 61.79% |
| 2025-10-15 | 61.80% |
| 2025-10-14 | 61.81% |
| 2025-10-13 | 61.80% |
| 2025-10-10 | 61.80% |
| 2025-10-09 | 61.80% |
| 2025-10-08 | 61.81% |
| 2025-10-07 | 61.81% |
| 2025-10-06 | 61.79% |
| 2025-10-03 | 61.81% |
| 2025-10-02 | 61.82% |
| 2025-10-01 | 61.80% |
| 2025-09-30 | 61.82% |
| 2025-09-29 | 61.80% |
| 2025-09-26 | 61.80% |
| 2025-09-25 | 61.79% |
| 2025-09-24 | 61.82% |
| 2025-09-23 | 61.80% |
| 2025-09-22 | 61.80% |
| 2025-09-19 | 61.82% |
| 2025-09-18 | 61.82% |
| 2025-09-17 | 61.81% |
| 2025-09-16 | 61.82% |
| 2025-09-15 | 61.81% |
| 2025-09-12 | 61.81% |
| 2025-09-11 | 61.82% |
| 2025-09-10 | 61.81% |
| 2025-09-09 | 61.82% |
| 2025-09-08 | 61.81% |
| 2025-09-05 | 61.79% |
| 2025-09-04 | 61.82% |
| 2025-09-03 | 61.79% |
| 2025-09-02 | 61.82% |
| 2025-08-29 | 61.80% |
| 2025-08-28 | 61.81% |
| 2025-08-27 | 61.81% |
| 2025-08-26 | 61.80% |
| 2025-08-25 | 61.82% |
| 2025-08-22 | 61.81% |
| 2025-08-21 | 61.79% |
| 2025-08-20 | 61.80% |
| 2025-08-19 | 61.82% |
| 2025-08-18 | 61.82% |
| 2025-08-15 | 61.79% |
| 2025-08-14 | 61.82% |
| 2025-08-13 | 61.82% |
| 2025-08-12 | 61.81% |
| 2025-08-11 | 61.80% |
| 2025-08-08 | 61.81% |
| 2025-08-07 | 69.05% |
| 2025-08-06 | 69.05% |
| 2025-08-05 | 69.04% |
| 2025-08-04 | 69.06% |
| 2025-08-01 | 69.06% |
| 2025-07-31 | 69.06% |
| 2025-07-30 | 68.09% |
| 2025-07-29 | 68.10% |
| 2025-07-28 | 68.10% |
| 2025-07-25 | 68.09% |
| 2025-07-24 | 68.11% |
| 2025-07-23 | 68.10% |
| 2025-07-22 | 68.11% |
| 2025-07-21 | 68.10% |
| 2025-07-18 | 68.09% |
| 2025-07-17 | 68.10% |
| 2025-07-16 | 68.11% |
| 2025-07-15 | 68.11% |
| 2025-07-14 | 68.09% |
Showing the most recent 260 of 2,649 data points. The chart above shows the full history.
| 61.5% |
| 2019 | $2.34 | $1.42 | 60.7% |
| 2018 | $2.19 | $1.34 | 61.2% |
| 2017 | $1.99 | $1.26 | 63.3% |
| 2016 | $1.64 | $1.18 | 71.6% |
| 2015 | $1.68 | $1.10 | 65.5% |
| 2014 | $1.73 | $1.02 | 59.0% |
| 2013 | $1.62 | $0.94 | 58.0% |
| 2012 | $1.45 | $1.13 | 77.6% |
| 2011 | $1.37 | $0.85 | 62.0% |
| 2010 | $1.30 | $0.79 | 60.8% |
| 2009 | $0.51 | $0.75 | 147.1% |
| 2008 | $1.31 | $0.70 | 53.4% |
| 2007 | $1.90 | $0.64 | 33.4% |
| 2006 | $1.35 | $0.57 | 42.6% |
| 2005 | ($0.04) | $0.53 | N/A (Loss) |
| 2004 | $0.64 | $0.51 | 79.1% |
| 2003 | $0.91 | $0.50 | 54.9% |
| 2002 | $0.59 | $1.00 | 169.5% |
| 2001 | $1.07 | $1.00 | 93.5% |
| 2000 | $2.53 | $1.00 | 39.5% |
| 1999 | $1.25 | $1.00 | 80.0% |
| 1998 | $0.63 | $1.00 | 158.7% |
| 1997 | $1.00 | $1.00 | 100.0% |
| 1996 | $1.03 | $0.98 | 95.6% |
