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 9.10% is 12% below its 5-year average of 10.31%, near the low end of its 5-year range (8.06%–26.10%).
As of Friday, September 11, 2026. 1.43% above its 12-month average of 8.97%.
Dividend Payout Ratio (9.10%) = TTM Dividends/Share ($3.40) / TTM EPS ($37.37)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
9.10%
DIVIDEND PAYOUT RATIO AVG TTM
8.97%
DIVIDEND PAYOUT RATIO AVG 3Y
10.28%
DIVIDEND PAYOUT RATIO AVG 5Y
10.31%
DIVIDEND PAYOUT RATIO AVG 10Y
10.68%
DIVIDEND PAYOUT RATIO AVG 15Y
12.28%
DIVIDEND PAYOUT RATIO AVG 20Y
12.06%
CURRENT VS TTM AVG
+1.43%
CURRENT VS 3Y AVG
-11.52%
CURRENT VS 5Y AVG
-11.75%
CURRENT VS 10Y AVG
-14.82%
CURRENT VS 15Y AVG
-25.92%
CURRENT VS 20Y AVG
-24.57%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2026-03-31 | $38.55 | $3.17 | 8.2% |
| 2025-03-31 | $25.86 | $2.75 | 10.6% |
| 2024-03-31 | $22.54 | $2.40 | 10.6% |
| 2023-03-31 | $25.23 | $2.09 | 8.3% |
| 2022-03-31 | $7.31 | $1.83 | 25.0% |
| 2021-03-31 | ($27.02) |
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 |
|---|---|
| 2026-09-11 | 9.10% |
| 2026-09-10 | 9.10% |
| 2026-09-09 | 9.10% |
| 2026-09-08 | 9.10% |
| 2026-09-04 | 9.10% |
| 2026-09-03 | 9.10% |
| 2026-09-02 | 9.10% |
| 2026-09-01 | 11.29% |
| 2026-08-31 | 8.78% |
| 2026-08-28 | 8.78% |
| 2026-08-27 | 8.78% |
| 2026-08-26 | 8.78% |
| 2026-08-25 | 8.78% |
| 2026-08-24 | 8.78% |
| 2026-08-21 | 8.78% |
| 2026-08-20 | 8.78% |
| 2026-08-19 | 8.78% |
| 2026-08-18 | 8.78% |
| 2026-08-17 | 8.78% |
| 2026-08-14 | 8.78% |
| 2026-08-13 | 8.78% |
| 2026-08-12 | 8.78% |
| 2026-08-11 | 8.78% |
| 2026-08-10 | 8.78% |
| 2026-08-07 | 8.78% |
| 2026-08-06 | 8.78% |
| 2026-08-05 | 8.53% |
| 2026-08-04 | 8.53% |
| 2026-08-03 | 8.53% |
| 2026-07-31 | 8.53% |
| 2026-07-30 | 8.53% |
| 2026-07-29 | 8.53% |
| 2026-07-28 | 8.53% |
| 2026-07-27 | 8.53% |
| 2026-07-24 | 8.53% |
| 2026-07-23 | 8.53% |
| 2026-07-22 | 8.53% |
| 2026-07-21 | 8.53% |
| 2026-07-20 | 8.52% |
| 2026-07-17 | 8.53% |
| 2026-07-16 | 8.53% |
| 2026-07-15 | 8.53% |
| 2026-07-14 | 8.52% |
| 2026-07-13 | 8.52% |
| 2026-07-10 | 8.53% |
| 2026-07-09 | 8.53% |
| 2026-07-08 | 8.53% |
| 2026-07-07 | 8.53% |
| 2026-07-06 | 8.53% |
| 2026-07-02 | 8.53% |
| 2026-07-01 | 8.53% |
| 2026-06-30 | 8.53% |
| 2026-06-29 | 8.53% |
| 2026-06-26 | 8.53% |
| 2026-06-25 | 8.52% |
| 2026-06-24 | 8.53% |
| 2026-06-23 | 8.53% |
| 2026-06-22 | 8.53% |
| 2026-06-18 | 8.53% |
| 2026-06-17 | 8.53% |
| 2026-06-16 | 8.53% |
| 2026-06-15 | 8.53% |
| 2026-06-12 | 8.53% |
| 2026-06-11 | 8.53% |
| 2026-06-10 | 8.53% |
| 2026-06-09 | 8.53% |
| 2026-06-08 | 8.53% |
| 2026-06-05 | 8.52% |
| 2026-06-04 | 8.53% |
| 2026-06-03 | 8.52% |
| 2026-06-02 | 8.53% |
| 2026-06-01 | 10.37% |
| 2026-05-29 | 8.24% |
| 2026-05-28 | 8.24% |
| 2026-05-27 | 8.24% |
| 2026-05-26 | 8.24% |
| 2026-05-22 | 8.24% |
| 2026-05-21 | 8.24% |
| 2026-05-20 | 8.24% |
| 2026-05-19 | 8.24% |
| 2026-05-18 | 8.24% |
| 2026-05-15 | 8.24% |
| 2026-05-14 | 8.24% |
| 2026-05-13 | 8.24% |
| 2026-05-12 | 8.24% |
| 2026-05-11 | 8.24% |
| 2026-05-08 | 8.24% |
| 2026-05-07 | 9.12% |
| 2026-05-06 | 9.12% |
| 2026-05-05 | 9.12% |
| 2026-05-04 | 9.12% |
| 2026-05-01 | 9.12% |
| 2026-04-30 | 9.12% |
| 2026-04-29 | 9.12% |
| 2026-04-28 | 9.12% |
| 2026-04-27 | 9.12% |
| 2026-04-24 | 9.12% |
| 2026-04-23 | 9.12% |
| 2026-04-22 | 9.12% |
| 2026-04-21 | 9.12% |
| 2026-04-20 | 9.12% |
| 2026-04-17 | 9.12% |
| 2026-04-16 | 9.12% |
| 2026-04-15 | 9.12% |
| 2026-04-14 | 9.12% |
| 2026-04-13 | 9.12% |
| 2026-04-10 | 9.12% |
| 2026-04-09 | 9.12% |
| 2026-04-08 | 9.12% |
| 2026-04-07 | 9.12% |
| 2026-04-06 | 9.12% |
| 2026-04-02 | 9.12% |
| 2026-04-01 | 9.12% |
| 2026-03-31 | 9.12% |
| 2026-03-30 | 9.12% |
| 2026-03-27 | 9.12% |
| 2026-03-26 | 9.12% |
| 2026-03-25 | 9.12% |
| 2026-03-24 | 9.12% |
| 2026-03-23 | 9.12% |
| 2026-03-20 | 9.12% |
| 2026-03-19 | 9.12% |
| 2026-03-18 | 9.12% |
| 2026-03-17 | 9.12% |
| 2026-03-16 | 9.12% |
| 2026-03-13 | 9.12% |
| 2026-03-12 | 9.12% |
| 2026-03-11 | 9.12% |
| 2026-03-10 | 9.12% |
| 2026-03-09 | 9.12% |
| 2026-03-06 | 9.12% |
| 2026-03-05 | 9.12% |
| 2026-03-04 | 9.12% |
| 2026-03-03 | 9.12% |
| 2026-03-02 | 11.16% |
| 2026-02-27 | 8.80% |
| 2026-02-26 | 8.80% |
| 2026-02-25 | 8.80% |
| 2026-02-24 | 8.80% |
| 2026-02-23 | 8.80% |
| 2026-02-20 | 8.80% |
| 2026-02-19 | 8.80% |
| 2026-02-18 | 8.80% |
| 2026-02-17 | 8.80% |
| 2026-02-13 | 8.80% |
| 2026-02-12 | 8.80% |
| 2026-02-11 | 8.80% |
| 2026-02-10 | 8.80% |
| 2026-02-09 | 8.80% |
| 2026-02-06 | 8.80% |
| 2026-02-05 | 8.80% |
| 2026-02-04 | 9.53% |
| 2026-02-03 | 9.53% |
| 2026-02-02 | 9.53% |
| 2026-01-30 | 9.53% |
| 2026-01-29 | 9.53% |
| 2026-01-28 | 9.53% |
| 2026-01-27 | 9.53% |
| 2026-01-26 | 9.53% |
| 2026-01-23 | 9.53% |
| 2026-01-22 | 9.53% |
| 2026-01-21 | 9.53% |
| 2026-01-20 | 9.53% |
| 2026-01-16 | 9.53% |
| 2026-01-15 | 9.53% |
| 2026-01-14 | 9.53% |
| 2026-01-13 | 9.53% |
| 2026-01-12 | 9.53% |
| 2026-01-09 | 9.53% |
| 2026-01-08 | 9.53% |
| 2026-01-07 | 9.53% |
| 2026-01-06 | 9.53% |
| 2026-01-05 | 9.53% |
| 2026-01-02 | 9.53% |
| 2025-12-31 | 9.53% |
| 2025-12-30 | 9.53% |
| 2025-12-29 | 9.53% |
| 2025-12-26 | 9.53% |
| 2025-12-24 | 9.53% |
| 2025-12-23 | 9.53% |
| 2025-12-22 | 9.53% |
| 2025-12-19 | 9.53% |
| 2025-12-18 | 9.53% |
| 2025-12-17 | 9.53% |
| 2025-12-16 | 9.53% |
| 2025-12-15 | 9.53% |
| 2025-12-12 | 9.53% |
| 2025-12-11 | 9.53% |
| 2025-12-10 | 9.53% |
| 2025-12-09 | 9.53% |
| 2025-12-08 | 9.53% |
| 2025-12-05 | 9.52% |
| 2025-12-04 | 9.53% |
| 2025-12-03 | 9.53% |
| 2025-12-02 | 9.53% |
| 2025-12-01 | 11.74% |
| 2025-11-28 | 9.18% |
| 2025-11-26 | 9.18% |
| 2025-11-25 | 9.19% |
| 2025-11-24 | 9.18% |
| 2025-11-21 | 9.18% |
| 2025-11-20 | 9.19% |
| 2025-11-19 | 9.18% |
| 2025-11-18 | 9.19% |
| 2025-11-17 | 9.19% |
| 2025-11-14 | 9.19% |
| 2025-11-13 | 9.19% |
| 2025-11-12 | 9.19% |
| 2025-11-11 | 9.18% |
| 2025-11-10 | 9.18% |
| 2025-11-07 | 9.19% |
| 2025-11-06 | 9.18% |
| 2025-11-05 | 11.77% |
| 2025-11-04 | 11.77% |
| 2025-11-03 | 11.77% |
| 2025-10-31 | 11.77% |
| 2025-10-30 | 11.77% |
| 2025-10-29 | 11.77% |
| 2025-10-28 | 11.77% |
| 2025-10-27 | 11.77% |
| 2025-10-24 | 11.77% |
| 2025-10-23 | 11.77% |
| 2025-10-22 | 11.77% |
| 2025-10-21 | 11.77% |
| 2025-10-20 | 11.77% |
| 2025-10-17 | 11.77% |
| 2025-10-16 | 11.77% |
| 2025-10-15 | 11.77% |
| 2025-10-14 | 11.77% |
| 2025-10-13 | 11.77% |
| 2025-10-10 | 11.77% |
| 2025-10-09 | 11.77% |
| 2025-10-08 | 11.77% |
| 2025-10-07 | 11.77% |
| 2025-10-06 | 11.77% |
| 2025-10-03 | 11.77% |
| 2025-10-02 | 11.77% |
| 2025-10-01 | 11.77% |
| 2025-09-30 | 11.77% |
| 2025-09-29 | 11.77% |
| 2025-09-26 | 11.77% |
| 2025-09-25 | 11.77% |
| 2025-09-24 | 11.77% |
| 2025-09-23 | 11.77% |
| 2025-09-22 | 11.77% |
| 2025-09-19 | 11.77% |
| 2025-09-18 | 11.77% |
| 2025-09-17 | 11.77% |
| 2025-09-16 | 11.77% |
| 2025-09-15 | 11.77% |
| 2025-09-12 | 11.77% |
| 2025-09-11 | 11.77% |
| 2025-09-10 | 11.77% |
| 2025-09-09 | 11.77% |
| 2025-09-08 | 11.77% |
| 2025-09-05 | 11.77% |
| 2025-09-04 | 11.77% |
| 2025-09-03 | 11.77% |
| 2025-09-02 | 11.77% |
| 2025-08-29 | 11.33% |
Showing the most recent 260 of 2,362 data points. The chart above shows the full history.
| $1.67 |
| N/A (Loss) |
| 2020-03-31 | $4.97 | $1.62 | 32.6% |
| 2019-03-31 | $0.17 | $1.51 | 888.2% |
| 2018-03-31 | $0.32 | $1.30 | 406.3% |
| 2017-03-31 | $22.95 | $1.12 | 4.9% |
| 2016-03-31 | $9.82 | $1.08 | 11.0% |
| 2015-03-31 | $6.37 | $0.96 | 15.1% |
| 2014-03-31 | $5.51 | $0.94 | 17.1% |
| 2013-03-31 | $5.71 | $0.80 | 14.0% |
| 2012-03-31 | $5.70 | $0.80 | 14.0% |
| 2011-03-31 | $4.65 | $0.72 | 15.5% |
| 2010-03-31 | $4.70 | $0.48 | 10.2% |
| 2009-03-31 | $2.99 | $0.48 | 16.1% |
| 2008-03-31 | $3.40 | $0.24 | 7.1% |
| 2007-03-31 | $3.06 | $0.24 | 7.8% |
| 2006-03-31 | $2.46 | $0.24 | 9.8% |
| 2005-03-31 | ($0.53) | $0.24 | N/A (Loss) |
| 2004-03-31 | $2.23 | $0.24 | 10.8% |
| 2003-03-31 | $1.92 | $0.24 | 12.5% |
| 2002-03-31 | $1.47 | $0.24 | 16.3% |
| 2001-03-31 | ($0.17) | $0.24 | N/A (Loss) |
| 2000-03-31 | $2.57 | $0.24 | 9.3% |
| 1999-03-31 | $0.31 | $0.43 | 140.3% |
| 1998-03-31 | $1.66 | $0.50 | 30.1% |
| 1997-03-31 | $0.83 | $0.50 | 60.2% |
