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 60.60% is in line with its 5-year average of 59.91%, around the middle of its 5-year range (42.76%–78.55%).
As of Sunday, July 26, 2026. 0.12% below its 12-month average of 60.67%.
Dividend Payout Ratio (60.60%) = TTM Dividends/Share ($7.35) / TTM EPS ($12.13)
DIVIDEND PAYOUT RATIO
60.60%
DIVIDEND PAYOUT RATIO AVG TTM
60.67%
DIVIDEND PAYOUT RATIO AVG 3Y
59.06%
DIVIDEND PAYOUT RATIO AVG 5Y
58.92%
DIVIDEND PAYOUT RATIO AVG 10Y
60.79%
DIVIDEND PAYOUT RATIO AVG 15Y
61.21%
DIVIDEND PAYOUT RATIO AVG 20Y
59.76%
CURRENT VS TTM AVG
-0.12%
CURRENT VS 3Y AVG
+2.61%
CURRENT VS 5Y AVG
+2.85%
CURRENT VS 10Y AVG
-0.30%
CURRENT VS 15Y AVG
-1.00%
CURRENT VS 20Y AVG
+1.41%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $12.00 | $7.17 | 59.8% |
| 2024 | $11.45 | $6.78 | 59.2% |
| 2023 | $11.63 | $6.23 | 53.6% |
| 2022 | $8.39 | $5.66 | 67.5% |
| 2021 | $10.11 | $5.25 | 51.9% |
| 2020 | $6.35 | $5.04 |
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 | 60.60% |
| 2026-07-23 | 60.61% |
| 2026-07-22 | 60.60% |
| 2026-07-21 | 60.60% |
| 2026-07-20 | 60.58% |
| 2026-07-17 | 60.59% |
| 2026-07-16 | 60.58% |
| 2026-07-15 | 60.59% |
| 2026-07-14 | 60.59% |
| 2026-07-13 | 60.58% |
| 2026-07-10 | 60.60% |
| 2026-07-09 | 60.58% |
| 2026-07-08 | 60.60% |
| 2026-07-07 | 60.61% |
| 2026-07-06 | 60.59% |
| 2026-07-02 | 60.61% |
| 2026-07-01 | 60.59% |
| 2026-06-30 | 60.58% |
| 2026-06-29 | 60.60% |
| 2026-06-26 | 60.60% |
| 2026-06-25 | 60.60% |
| 2026-06-24 | 60.58% |
| 2026-06-23 | 60.61% |
| 2026-06-22 | 60.60% |
| 2026-06-18 | 60.60% |
| 2026-06-17 | 60.60% |
| 2026-06-16 | 60.60% |
| 2026-06-15 | 60.60% |
| 2026-06-12 | 60.59% |
| 2026-06-11 | 60.60% |
| 2026-06-10 | 60.59% |
| 2026-06-09 | 60.60% |
| 2026-06-08 | 60.59% |
| 2026-06-05 | 60.59% |
| 2026-06-04 | 60.59% |
| 2026-06-03 | 60.59% |
| 2026-06-02 | 60.59% |
| 2026-06-01 | 59.84% |
| 2026-05-29 | 59.86% |
| 2026-05-28 | 59.86% |
| 2026-05-27 | 59.85% |
| 2026-05-26 | 59.85% |
| 2026-05-22 | 59.85% |
| 2026-05-21 | 59.86% |
| 2026-05-20 | 59.86% |
| 2026-05-19 | 59.85% |
| 2026-05-18 | 59.86% |
| 2026-05-15 | 59.86% |
| 2026-05-14 | 59.86% |
| 2026-05-13 | 59.85% |
| 2026-05-12 | 59.86% |
| 2026-05-11 | 59.86% |
| 2026-05-08 | 59.84% |
| 2026-05-07 | 59.86% |
| 2026-05-06 | 60.74% |
| 2026-05-05 | 60.74% |
| 2026-05-04 | 60.74% |
| 2026-05-01 | 60.76% |
| 2026-04-30 | 60.76% |
| 2026-04-29 | 60.74% |
| 2026-04-28 | 60.76% |
| 2026-04-27 | 60.76% |
| 2026-04-24 | 60.75% |
| 2026-04-23 | 60.76% |
| 2026-04-22 | 60.75% |
| 2026-04-21 | 60.76% |
| 2026-04-20 | 60.76% |
| 2026-04-17 | 60.76% |
| 2026-04-16 | 60.76% |
| 2026-04-15 | 60.76% |
| 2026-04-14 | 60.74% |
| 2026-04-13 | 60.75% |
| 2026-04-10 | 60.75% |
| 2026-04-09 | 60.74% |
| 2026-04-08 | 60.75% |
| 2026-04-07 | 60.75% |
| 2026-04-06 | 60.75% |
| 2026-04-02 | 60.75% |
| 2026-04-01 | 60.74% |
| 2026-03-31 | 60.76% |
| 2026-03-30 | 60.76% |
| 2026-03-27 | 60.76% |
| 2026-03-26 | 60.74% |
| 2026-03-25 | 60.74% |
| 2026-03-24 | 60.75% |
| 2026-03-23 | 60.75% |
| 2026-03-20 | 60.76% |
| 2026-03-19 | 60.76% |
| 2026-03-18 | 60.75% |
| 2026-03-17 | 60.76% |
| 2026-03-16 | 60.74% |
| 2026-03-13 | 60.76% |
| 2026-03-12 | 60.76% |
| 2026-03-11 | 60.74% |
| 2026-03-10 | 60.75% |
| 2026-03-09 | 60.75% |
| 2026-03-06 | 60.75% |
| 2026-03-05 | 60.75% |
| 2026-03-04 | 60.75% |
| 2026-03-03 | 60.76% |
| 2026-03-02 | 60.00% |
| 2026-02-27 | 60.00% |
| 2026-02-26 | 59.99% |
| 2026-02-25 | 60.01% |
| 2026-02-24 | 60.00% |
| 2026-02-23 | 61.19% |
| 2026-02-20 | 61.17% |
| 2026-02-19 | 61.18% |
| 2026-02-18 | 61.18% |
| 2026-02-17 | 61.17% |
| 2026-02-13 | 61.18% |
| 2026-02-12 | 61.17% |
| 2026-02-11 | 61.18% |
| 2026-02-10 | 61.17% |
| 2026-02-09 | 61.17% |
| 2026-02-06 | 61.17% |
| 2026-02-05 | 61.18% |
| 2026-02-04 | 61.18% |
| 2026-02-03 | 61.18% |
| 2026-02-02 | 61.18% |
| 2026-01-30 | 61.18% |
| 2026-01-29 | 61.18% |
| 2026-01-28 | 61.18% |
| 2026-01-27 | 61.17% |
| 2026-01-26 | 61.17% |
| 2026-01-23 | 61.19% |
| 2026-01-22 | 61.17% |
| 2026-01-21 | 61.17% |
| 2026-01-20 | 61.18% |
| 2026-01-16 | 61.17% |
| 2026-01-15 | 61.17% |
| 2026-01-14 | 61.18% |
| 2026-01-13 | 61.17% |
| 2026-01-12 | 61.17% |
| 2026-01-09 | 61.17% |
| 2026-01-08 | 61.17% |
| 2026-01-07 | 61.17% |
| 2026-01-06 | 61.17% |
| 2026-01-05 | 61.19% |
| 2026-01-02 | 61.19% |
| 2025-12-31 | 61.18% |
| 2025-12-30 | 61.17% |
| 2025-12-29 | 61.19% |
| 2025-12-26 | 61.18% |
| 2025-12-24 | 61.17% |
| 2025-12-23 | 61.17% |
| 2025-12-22 | 61.17% |
| 2025-12-19 | 61.18% |
| 2025-12-18 | 61.17% |
| 2025-12-17 | 61.17% |
| 2025-12-16 | 61.17% |
| 2025-12-15 | 61.19% |
| 2025-12-12 | 61.17% |
| 2025-12-11 | 61.19% |
| 2025-12-10 | 61.19% |
| 2025-12-09 | 61.18% |
| 2025-12-08 | 61.17% |
| 2025-12-05 | 61.19% |
| 2025-12-04 | 61.19% |
| 2025-12-03 | 61.19% |
| 2025-12-02 | 61.18% |
| 2025-12-01 | 76.27% |
| 2025-11-28 | 60.42% |
| 2025-11-26 | 60.42% |
| 2025-11-25 | 60.41% |
| 2025-11-24 | 60.42% |
| 2025-11-21 | 60.42% |
| 2025-11-20 | 60.40% |
| 2025-11-19 | 60.41% |
| 2025-11-18 | 60.41% |
| 2025-11-17 | 60.42% |
| 2025-11-14 | 60.42% |
| 2025-11-13 | 60.40% |
| 2025-11-12 | 60.41% |
| 2025-11-11 | 60.41% |
| 2025-11-10 | 60.41% |
| 2025-11-07 | 60.41% |
| 2025-11-06 | 60.41% |
| 2025-11-05 | 60.41% |
| 2025-11-04 | 60.67% |
| 2025-11-03 | 60.68% |
| 2025-10-31 | 60.66% |
| 2025-10-30 | 60.68% |
| 2025-10-29 | 60.67% |
| 2025-10-28 | 60.68% |
| 2025-10-27 | 60.66% |
| 2025-10-24 | 60.66% |
| 2025-10-23 | 60.66% |
| 2025-10-22 | 60.66% |
| 2025-10-21 | 60.67% |
| 2025-10-20 | 60.66% |
| 2025-10-17 | 60.67% |
| 2025-10-16 | 60.66% |
| 2025-10-15 | 60.68% |
| 2025-10-14 | 60.67% |
| 2025-10-13 | 60.68% |
| 2025-10-10 | 60.67% |
| 2025-10-09 | 60.68% |
| 2025-10-08 | 60.68% |
| 2025-10-07 | 60.66% |
| 2025-10-06 | 60.67% |
| 2025-10-03 | 60.67% |
| 2025-10-02 | 60.68% |
| 2025-10-01 | 60.66% |
| 2025-09-30 | 60.67% |
| 2025-09-29 | 60.66% |
| 2025-09-26 | 60.68% |
| 2025-09-25 | 60.66% |
| 2025-09-24 | 60.67% |
| 2025-09-23 | 60.67% |
| 2025-09-22 | 60.66% |
| 2025-09-19 | 60.67% |
| 2025-09-18 | 60.66% |
| 2025-09-17 | 60.66% |
| 2025-09-16 | 60.67% |
| 2025-09-15 | 60.66% |
| 2025-09-12 | 60.67% |
| 2025-09-11 | 60.67% |
| 2025-09-10 | 60.68% |
| 2025-09-09 | 60.67% |
| 2025-09-08 | 60.66% |
| 2025-09-05 | 60.67% |
| 2025-09-04 | 60.66% |
| 2025-09-03 | 60.67% |
| 2025-09-02 | 74.99% |
| 2025-08-29 | 59.82% |
| 2025-08-28 | 59.80% |
| 2025-08-27 | 59.82% |
| 2025-08-26 | 59.82% |
| 2025-08-25 | 59.81% |
| 2025-08-22 | 59.81% |
| 2025-08-21 | 59.81% |
| 2025-08-20 | 59.82% |
| 2025-08-19 | 59.80% |
| 2025-08-18 | 59.81% |
| 2025-08-15 | 59.81% |
| 2025-08-14 | 59.80% |
| 2025-08-13 | 59.81% |
| 2025-08-12 | 59.82% |
| 2025-08-11 | 59.81% |
| 2025-08-08 | 59.80% |
| 2025-08-07 | 59.80% |
| 2025-08-06 | 59.80% |
| 2025-08-05 | 61.61% |
| 2025-08-04 | 61.60% |
| 2025-08-01 | 61.60% |
| 2025-07-31 | 61.60% |
| 2025-07-30 | 61.61% |
| 2025-07-29 | 61.60% |
| 2025-07-28 | 61.61% |
| 2025-07-25 | 61.60% |
| 2025-07-24 | 61.60% |
| 2025-07-23 | 61.60% |
| 2025-07-22 | 61.62% |
| 2025-07-21 | 61.60% |
| 2025-07-18 | 61.61% |
| 2025-07-17 | 61.60% |
| 2025-07-16 | 61.60% |
| 2025-07-15 | 61.60% |
| 2025-07-14 | 61.60% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 79.4% |
| 2019 | $7.95 | $4.73 | 59.5% |
| 2018 | $7.61 | $4.19 | 55.1% |
| 2017 | $6.43 | $3.83 | 59.6% |
| 2016 | $5.49 | $3.61 | 65.8% |
| 2015 | $4.82 | $3.44 | 71.4% |
| 2014 | $4.85 | $3.28 | 67.6% |
| 2013 | $5.59 | $3.12 | 55.8% |
| 2012 | $5.41 | $2.87 | 53.0% |
| 2011 | $5.33 | $2.53 | 47.5% |
| 2010 | $4.64 | $2.26 | 48.7% |
| 2009 | $4.17 | $2.05 | 49.2% |
| 2008 | $3.83 | $1.63 | 42.4% |
| 2007 | $2.02 | $1.50 | 74.3% |
| 2006 | $2.87 | $1.00 | 34.8% |
| 2005 | $2.06 | $0.67 | 32.5% |
| 2004 | $1.81 | $0.55 | 30.4% |
| 2003 | $1.16 | $0.40 | 34.5% |
| 2002 | $0.70 | $0.23 | 33.6% |
| 2001 | $1.28 | $0.23 | 17.6% |
| 2000 | $1.49 | $0.21 | 14.4% |
| 1999 | $1.44 | $0.20 | 13.5% |
| 1998 | $1.14 | $0.18 | 15.5% |
| 1997 | $1.18 | $0.16 | 13.7% |
| 1996 | $1.11 | $0.15 | 13.2% |
