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 29.26% is 41% above its 5-year average of 20.73%, near the high end of its 5-year range (0.00%–36.26%).
As of Friday, September 4, 2026. 2.74% above its 12-month average of 28.48%.
Dividend Payout Ratio (29.26%) = TTM Dividends/Share ($2.80) / TTM EPS ($9.57)
DIVIDEND PAYOUT RATIO
29.26%
DIVIDEND PAYOUT RATIO AVG TTM
28.48%
DIVIDEND PAYOUT RATIO AVG 3Y
26.35%
DIVIDEND PAYOUT RATIO AVG 5Y
20.73%
DIVIDEND PAYOUT RATIO AVG 10Y
27.25%
DIVIDEND PAYOUT RATIO AVG 15Y
30.27%
DIVIDEND PAYOUT RATIO AVG 20Y
27.65%
CURRENT VS TTM AVG
+2.74%
CURRENT VS 3Y AVG
+11.01%
CURRENT VS 5Y AVG
+41.12%
CURRENT VS 10Y AVG
+7.38%
CURRENT VS 15Y AVG
-3.36%
CURRENT VS 20Y AVG
+5.82%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $9.52 | $2.64 | 27.7% |
| 2024-12-31 | $8.36 | $2.41 | 28.8% |
| 2023-12-31 | $10.23 | $1.96 | 19.2% |
| 2022-12-31 | $7.27 | $1.00 | 13.8% |
| 2021-12-31 | $3.36 | $0.00 | 0.0% |
| 2020-12-31 | ($0.82) |
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 |
|---|---|
| 2026-09-04 | 29.26% |
| 2026-09-03 | 29.26% |
| 2026-09-02 | 29.26% |
| 2026-09-01 | 29.26% |
| 2026-08-31 | 29.26% |
| 2026-08-28 | 29.26% |
| 2026-08-27 | 29.26% |
| 2026-08-26 | 29.26% |
| 2026-08-25 | 29.25% |
| 2026-08-24 | 29.26% |
| 2026-08-21 | 29.26% |
| 2026-08-20 | 36.26% |
| 2026-08-19 | 28.63% |
| 2026-08-18 | 28.63% |
| 2026-08-17 | 28.63% |
| 2026-08-14 | 28.63% |
| 2026-08-13 | 28.63% |
| 2026-08-12 | 28.63% |
| 2026-08-11 | 28.63% |
| 2026-08-10 | 28.63% |
| 2026-08-07 | 28.63% |
| 2026-08-06 | 28.63% |
| 2026-08-05 | 28.63% |
| 2026-08-04 | 28.63% |
| 2026-08-03 | 28.63% |
| 2026-07-31 | 28.81% |
| 2026-07-30 | 28.81% |
| 2026-07-29 | 28.81% |
| 2026-07-28 | 28.81% |
| 2026-07-27 | 28.81% |
| 2026-07-24 | 28.81% |
| 2026-07-23 | 28.81% |
| 2026-07-22 | 28.82% |
| 2026-07-21 | 28.81% |
| 2026-07-20 | 28.81% |
| 2026-07-17 | 28.81% |
| 2026-07-16 | 28.81% |
| 2026-07-15 | 28.81% |
| 2026-07-14 | 28.81% |
| 2026-07-13 | 28.81% |
| 2026-07-10 | 28.81% |
| 2026-07-09 | 28.81% |
| 2026-07-08 | 28.81% |
| 2026-07-07 | 28.81% |
| 2026-07-06 | 28.81% |
| 2026-07-02 | 28.81% |
| 2026-07-01 | 28.81% |
| 2026-06-30 | 28.81% |
| 2026-06-29 | 28.81% |
| 2026-06-26 | 28.82% |
| 2026-06-25 | 28.81% |
| 2026-06-24 | 28.81% |
| 2026-06-23 | 28.81% |
| 2026-06-22 | 28.81% |
| 2026-06-18 | 28.81% |
| 2026-06-17 | 28.81% |
| 2026-06-16 | 28.81% |
| 2026-06-15 | 28.81% |
| 2026-06-12 | 28.81% |
| 2026-06-11 | 28.81% |
| 2026-06-10 | 28.81% |
| 2026-06-09 | 28.81% |
| 2026-06-08 | 28.81% |
| 2026-06-05 | 28.81% |
| 2026-06-04 | 28.82% |
| 2026-06-03 | 28.81% |
| 2026-06-02 | 28.81% |
| 2026-06-01 | 28.81% |
| 2026-05-29 | 28.82% |
| 2026-05-28 | 28.81% |
| 2026-05-27 | 28.81% |
| 2026-05-26 | 28.81% |
| 2026-05-22 | 35.86% |
| 2026-05-21 | 28.18% |
| 2026-05-20 | 28.18% |
| 2026-05-19 | 28.18% |
| 2026-05-18 | 28.18% |
| 2026-05-15 | 28.18% |
| 2026-05-14 | 28.18% |
| 2026-05-13 | 28.18% |
| 2026-05-12 | 28.18% |
| 2026-05-11 | 28.18% |
| 2026-05-08 | 28.18% |
| 2026-05-07 | 28.18% |
| 2026-05-06 | 28.18% |
| 2026-05-05 | 28.24% |
| 2026-05-04 | 28.24% |
| 2026-05-01 | 28.24% |
| 2026-04-30 | 28.24% |
| 2026-04-29 | 28.24% |
| 2026-04-28 | 28.24% |
| 2026-04-27 | 28.24% |
| 2026-04-24 | 28.24% |
| 2026-04-23 | 28.24% |
| 2026-04-22 | 28.24% |
| 2026-04-21 | 28.24% |
| 2026-04-20 | 28.24% |
| 2026-04-17 | 28.24% |
| 2026-04-16 | 28.24% |
| 2026-04-15 | 28.24% |
| 2026-04-14 | 28.24% |
| 2026-04-13 | 28.24% |
| 2026-04-10 | 28.24% |
| 2026-04-09 | 28.24% |
| 2026-04-08 | 28.24% |
| 2026-04-07 | 28.24% |
| 2026-04-06 | 28.24% |
| 2026-04-02 | 28.24% |
| 2026-04-01 | 28.24% |
| 2026-03-31 | 28.24% |
| 2026-03-30 | 28.24% |
| 2026-03-27 | 28.24% |
| 2026-03-26 | 28.24% |
| 2026-03-25 | 28.24% |
| 2026-03-24 | 28.24% |
| 2026-03-23 | 28.24% |
| 2026-03-20 | 28.24% |
| 2026-03-19 | 28.24% |
| 2026-03-18 | 28.24% |
| 2026-03-17 | 28.24% |
| 2026-03-16 | 28.24% |
| 2026-03-13 | 28.24% |
| 2026-03-12 | 28.24% |
| 2026-03-11 | 28.24% |
| 2026-03-10 | 28.24% |
| 2026-03-09 | 28.24% |
| 2026-03-06 | 28.24% |
| 2026-03-05 | 28.24% |
| 2026-03-04 | 28.24% |
| 2026-03-03 | 28.24% |
| 2026-03-02 | 28.24% |
| 2026-02-27 | 28.24% |
| 2026-02-26 | 34.88% |
| 2026-02-25 | 27.82% |
| 2026-02-24 | 27.82% |
| 2026-02-23 | 27.82% |
| 2026-02-20 | 27.82% |
| 2026-02-19 | 27.82% |
| 2026-02-18 | 27.82% |
| 2026-02-17 | 27.82% |
| 2026-02-13 | 27.82% |
| 2026-02-12 | 27.82% |
| 2026-02-11 | 27.82% |
| 2026-02-10 | 27.82% |
| 2026-02-09 | 27.91% |
| 2026-02-06 | 27.91% |
| 2026-02-05 | 27.91% |
| 2026-02-04 | 27.91% |
| 2026-02-03 | 27.91% |
| 2026-02-02 | 27.91% |
| 2026-01-30 | 27.91% |
| 2026-01-29 | 27.91% |
| 2026-01-28 | 27.91% |
| 2026-01-27 | 27.91% |
| 2026-01-26 | 27.91% |
| 2026-01-23 | 27.90% |
| 2026-01-22 | 27.90% |
| 2026-01-21 | 27.91% |
| 2026-01-20 | 27.91% |
| 2026-01-16 | 27.91% |
| 2026-01-15 | 27.91% |
| 2026-01-14 | 27.90% |
| 2026-01-13 | 27.91% |
| 2026-01-12 | 27.91% |
| 2026-01-09 | 27.91% |
| 2026-01-08 | 27.91% |
| 2026-01-07 | 27.91% |
| 2026-01-06 | 27.90% |
| 2026-01-05 | 27.91% |
| 2026-01-02 | 27.91% |
| 2025-12-31 | 27.90% |
| 2025-12-30 | 27.91% |
| 2025-12-29 | 27.91% |
| 2025-12-26 | 27.91% |
| 2025-12-24 | 27.91% |
| 2025-12-23 | 27.91% |
| 2025-12-22 | 27.91% |
| 2025-12-19 | 27.91% |
| 2025-12-18 | 27.90% |
| 2025-12-17 | 27.91% |
| 2025-12-16 | 27.90% |
| 2025-12-15 | 27.91% |
| 2025-12-12 | 27.91% |
| 2025-12-11 | 27.91% |
| 2025-12-10 | 27.90% |
| 2025-12-09 | 27.90% |
| 2025-12-08 | 27.90% |
| 2025-12-05 | 27.91% |
| 2025-12-04 | 27.91% |
| 2025-12-03 | 27.91% |
| 2025-12-02 | 27.90% |
| 2025-12-01 | 27.91% |
| 2025-11-28 | 27.91% |
| 2025-11-26 | 27.90% |
| 2025-11-25 | 27.91% |
| 2025-11-24 | 27.90% |
| 2025-11-21 | 27.90% |
| 2025-11-20 | 34.57% |
| 2025-11-19 | 27.48% |
| 2025-11-18 | 27.48% |
| 2025-11-17 | 27.48% |
| 2025-11-14 | 27.48% |
| 2025-11-13 | 27.48% |
| 2025-11-12 | 27.48% |
| 2025-11-11 | 27.49% |
| 2025-11-10 | 27.49% |
| 2025-11-07 | 27.49% |
| 2025-11-06 | 27.49% |
| 2025-11-05 | 27.48% |
| 2025-11-04 | 27.49% |
| 2025-11-03 | 29.34% |
| 2025-10-31 | 29.34% |
| 2025-10-30 | 29.34% |
| 2025-10-29 | 29.35% |
| 2025-10-28 | 29.34% |
| 2025-10-27 | 29.34% |
| 2025-10-24 | 29.34% |
| 2025-10-23 | 29.35% |
| 2025-10-22 | 29.35% |
| 2025-10-21 | 29.35% |
| 2025-10-20 | 29.35% |
| 2025-10-17 | 29.34% |
| 2025-10-16 | 29.35% |
| 2025-10-15 | 29.34% |
| 2025-10-14 | 29.34% |
| 2025-10-13 | 29.34% |
| 2025-10-10 | 29.35% |
| 2025-10-09 | 29.35% |
| 2025-10-08 | 29.35% |
| 2025-10-07 | 29.35% |
| 2025-10-06 | 29.34% |
| 2025-10-03 | 29.35% |
| 2025-10-02 | 29.35% |
| 2025-10-01 | 29.34% |
| 2025-09-30 | 29.35% |
| 2025-09-29 | 29.35% |
| 2025-09-26 | 29.34% |
| 2025-09-25 | 29.35% |
| 2025-09-24 | 29.35% |
| 2025-09-23 | 29.34% |
| 2025-09-22 | 29.35% |
| 2025-09-19 | 29.35% |
| 2025-09-18 | 29.34% |
| 2025-09-17 | 29.35% |
| 2025-09-16 | 29.35% |
| 2025-09-15 | 29.35% |
| 2025-09-12 | 29.35% |
| 2025-09-11 | 29.34% |
| 2025-09-10 | 29.35% |
| 2025-09-09 | 29.35% |
| 2025-09-08 | 29.35% |
| 2025-09-05 | 29.35% |
| 2025-09-04 | 29.34% |
| 2025-09-03 | 29.35% |
| 2025-09-02 | 29.34% |
| 2025-08-29 | 29.34% |
| 2025-08-28 | 29.34% |
| 2025-08-27 | 29.35% |
| 2025-08-26 | 29.34% |
| 2025-08-25 | 29.35% |
Showing the most recent 260 of 2,487 data points. The chart above shows the full history.
| $0.48 |
| N/A (Loss) |
| 2019-12-31 | $3.83 | $1.85 | 48.3% |
| 2018-12-31 | $5.16 | $1.56 | 30.2% |
| 2017-12-31 | $3.89 | $1.29 | 33.2% |
| 2016-12-31 | $2.78 | $1.15 | 41.4% |
| 2015-12-31 | $3.22 | $0.95 | 29.5% |
| 2014-12-31 | $2.60 | $0.77 | 29.6% |
| 2013-12-31 | $2.05 | $0.64 | 31.2% |
| 2012-12-31 | $1.77 | $0.49 | 27.7% |
| 2011-12-31 | $0.56 | $0.37 | 66.3% |
| 2010-12-31 | $1.26 | $0.20 | 15.6% |
| 2009-12-31 | ($0.97) | $0.08 | N/A (Loss) |
| 2008-12-31 | $1.02 | $0.32 | 31.0% |
| 2007-12-31 | $1.83 | $0.27 | 14.7% |
| 2006-12-31 | $1.48 | $0.23 | 15.2% |
| 2005-12-31 | $1.61 | $0.19 | 11.6% |
| 2004-12-31 | $1.31 | $0.15 | 11.7% |
| 2003-12-31 | $1.08 | $0.14 | 12.7% |
| 2002-12-31 | $0.58 | $0.13 | 22.1% |
| 2001-12-31 | $0.48 | $0.12 | 24.8% |
| 2000-12-31 | $0.97 | $0.11 | 11.3% |
| 1999-12-31 | $0.80 | $0.10 | 12.6% |
| 1998-12-31 | $0.77 | $0.09 | 11.8% |
