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 36.49% is 101% above its 5-year average of 18.13%, near the high end of its 5-year range (10.12%–40.74%).
As of Tuesday, December 5, 2023. 33.51% above its 12-month average of 27.33%.
Dividend Payout Ratio (36.49%) = TTM Dividends/Share ($0.56) / TTM EPS ($1.53)
DIVIDEND PAYOUT RATIO
36.49%
DIVIDEND PAYOUT RATIO AVG TTM
27.33%
DIVIDEND PAYOUT RATIO AVG 3Y
18.69%
DIVIDEND PAYOUT RATIO AVG 5Y
18.13%
DIVIDEND PAYOUT RATIO AVG 10Y
16.80%
DIVIDEND PAYOUT RATIO AVG 15Y
20.31%
DIVIDEND PAYOUT RATIO AVG 20Y
26.18%
CURRENT VS TTM AVG
+33.51%
CURRENT VS 3Y AVG
+95.23%
CURRENT VS 5Y AVG
+101.23%
CURRENT VS 10Y AVG
+117.26%
CURRENT VS 15Y AVG
+79.68%
CURRENT VS 20Y AVG
+39.37%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2026 | ($1.01) | $0.15 | N/A (Loss) |
| 2025 | ($1.76) | $0.40 | N/A (Loss) |
| 2024 | ($3.48) | $0.56 | N/A (Loss) |
| 2023 | $2.14 | $0.56 | 26.2% |
| 2022 | $2.74 | $0.56 | 20.4% |
| 2021 | $3.22 | $0.50 |
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 |
|---|---|
| 2023-12-05 | 36.49% |
| 2023-12-01 | 36.48% |
| 2023-11-29 | 36.49% |
| 2023-11-27 | 36.48% |
| 2023-11-22 | 36.49% |
| 2023-11-20 | 36.48% |
| 2023-11-16 | 36.50% |
| 2023-11-14 | 36.49% |
| 2023-11-10 | 36.49% |
| 2023-11-08 | 36.48% |
| 2023-11-06 | 36.50% |
| 2023-11-02 | 36.48% |
| 2023-10-31 | 36.48% |
| 2023-10-27 | 36.49% |
| 2023-10-25 | 36.48% |
| 2023-10-23 | 36.49% |
| 2023-10-19 | 36.48% |
| 2023-10-17 | 36.48% |
| 2023-10-13 | 36.48% |
| 2023-10-11 | 36.48% |
| 2023-10-09 | 36.48% |
| 2023-10-05 | 36.49% |
| 2023-10-03 | 36.49% |
| 2023-09-29 | 36.49% |
| 2023-09-27 | 36.49% |
| 2023-09-25 | 36.48% |
| 2023-09-21 | 36.48% |
| 2023-09-19 | 36.49% |
| 2023-09-15 | 36.49% |
| 2023-09-13 | 36.47% |
| 2023-09-11 | 36.48% |
| 2023-09-07 | 36.49% |
| 2023-09-05 | 26.80% |
| 2023-08-31 | 26.79% |
| 2023-08-29 | 26.79% |
| 2023-08-25 | 26.80% |
| 2023-08-23 | 26.79% |
| 2023-08-21 | 26.79% |
| 2023-08-17 | 26.79% |
| 2023-08-15 | 26.79% |
| 2023-08-11 | 26.79% |
| 2023-08-09 | 26.80% |
| 2023-08-07 | 26.80% |
| 2023-08-03 | 26.79% |
| 2023-08-01 | 26.79% |
| 2023-07-28 | 26.79% |
| 2023-07-26 | 26.80% |
| 2023-07-24 | 26.80% |
| 2023-07-20 | 26.79% |
| 2023-07-18 | 26.79% |
| 2023-07-14 | 26.80% |
| 2023-07-12 | 26.79% |
| 2023-07-10 | 26.80% |
| 2023-07-06 | 26.80% |
| 2023-07-03 | 26.80% |
| 2023-06-29 | 26.79% |
| 2023-06-27 | 26.79% |
| 2023-06-23 | 24.35% |
| 2023-06-21 | 24.34% |
| 2023-06-16 | 24.35% |
| 2023-06-14 | 24.34% |
| 2023-06-12 | 24.35% |
| 2023-06-08 | 24.35% |
| 2023-06-06 | 24.34% |
| 2023-06-02 | 24.35% |
| 2023-05-31 | 24.35% |
| 2023-05-26 | 24.35% |
| 2023-05-24 | 24.35% |
| 2023-05-22 | 24.34% |
| 2023-05-18 | 24.35% |
| 2023-05-16 | 24.35% |
| 2023-05-12 | 24.35% |
| 2023-05-10 | 24.35% |
| 2023-05-08 | 24.34% |
| 2023-05-04 | 24.35% |
| 2023-05-02 | 24.35% |
| 2023-04-28 | 24.35% |
| 2023-04-26 | 24.34% |
| 2023-04-24 | 24.35% |
| 2023-04-20 | 24.34% |
| 2023-04-18 | 24.35% |
| 2023-04-14 | 24.34% |
| 2023-04-12 | 24.35% |
| 2023-04-10 | 24.35% |
| 2023-04-05 | 24.34% |
| 2023-04-03 | 24.35% |
| 2023-03-30 | 24.35% |
| 2023-03-28 | 24.35% |
| 2023-03-24 | 24.35% |
| 2023-03-22 | 24.34% |
| 2023-03-20 | 24.35% |
| 2023-03-16 | 24.35% |
| 2023-03-14 | 24.34% |
| 2023-03-10 | 24.35% |
| 2023-03-08 | 22.04% |
| 2023-03-06 | 22.05% |
| 2023-03-02 | 22.05% |
| 2023-02-28 | 22.05% |
| 2023-02-24 | 22.04% |
| 2023-02-22 | 22.05% |
| 2023-02-17 | 22.05% |
| 2023-02-15 | 22.05% |
| 2023-02-13 | 22.04% |
| 2023-02-09 | 22.04% |
| 2023-02-07 | 22.04% |
| 2023-02-03 | 22.04% |
| 2023-02-01 | 22.05% |
| 2023-01-30 | 22.05% |
| 2023-01-26 | 22.04% |
| 2023-01-24 | 22.05% |
| 2023-01-20 | 22.05% |
| 2023-01-18 | 22.05% |
| 2023-01-13 | 22.04% |
| 2023-01-11 | 22.04% |
| 2023-01-09 | 22.05% |
| 2023-01-05 | 22.05% |
| 2023-01-03 | 22.05% |
| 2022-12-29 | 22.05% |
| 2022-12-27 | 22.05% |
| 2022-12-22 | 22.05% |
| 2022-12-20 | 22.04% |
| 2022-12-16 | 22.05% |
| 2022-12-14 | 22.05% |
| 2022-12-12 | 22.04% |
| 2022-12-08 | 22.05% |
| 2022-12-06 | 22.04% |
| 2022-12-02 | 22.05% |
| 2022-11-30 | 22.31% |
| 2022-11-28 | 22.31% |
| 2022-11-23 | 22.31% |
| 2022-11-21 | 22.31% |
| 2022-11-17 | 22.31% |
| 2022-11-15 | 22.30% |
| 2022-11-11 | 22.31% |
| 2022-11-09 | 22.31% |
| 2022-11-07 | 22.31% |
| 2022-11-03 | 22.32% |
| 2022-11-01 | 22.31% |
| 2022-10-28 | 22.31% |
| 2022-10-26 | 22.31% |
| 2022-10-24 | 22.31% |
| 2022-10-20 | 22.31% |
| 2022-10-18 | 22.31% |
| 2022-10-14 | 22.30% |
| 2022-10-12 | 22.31% |
| 2022-10-10 | 22.31% |
| 2022-10-06 | 22.31% |
| 2022-10-04 | 22.32% |
| 2022-09-30 | 22.31% |
| 2022-09-28 | 22.31% |
| 2022-09-26 | 22.31% |
| 2022-09-22 | 22.31% |
| 2022-09-20 | 22.31% |
| 2022-09-16 | 22.31% |
| 2022-09-14 | 22.31% |
| 2022-09-12 | 22.31% |
| 2022-09-08 | 22.32% |
| 2022-09-06 | 22.31% |
| 2022-09-01 | 22.31% |
| 2022-08-30 | 20.82% |
| 2022-08-26 | 20.81% |
| 2022-08-24 | 20.82% |
| 2022-08-22 | 20.82% |
| 2022-08-18 | 20.81% |
| 2022-08-16 | 20.82% |
| 2022-08-12 | 20.82% |
| 2022-08-10 | 20.82% |
| 2022-08-08 | 20.81% |
| 2022-08-04 | 20.82% |
| 2022-08-02 | 20.82% |
| 2022-07-29 | 20.82% |
| 2022-07-27 | 20.82% |
| 2022-07-25 | 20.82% |
| 2022-07-21 | 20.82% |
| 2022-07-19 | 20.82% |
| 2022-07-15 | 20.82% |
| 2022-07-13 | 20.82% |
| 2022-07-11 | 20.82% |
| 2022-07-07 | 20.82% |
| 2022-07-05 | 20.82% |
| 2022-06-30 | 20.82% |
| 2022-06-28 | 20.82% |
| 2022-06-24 | 20.82% |
| 2022-06-22 | 18.24% |
| 2022-06-17 | 18.25% |
| 2022-06-15 | 18.24% |
| 2022-06-13 | 18.24% |
| 2022-06-09 | 18.24% |
| 2022-06-07 | 18.24% |
| 2022-06-03 | 18.24% |
| 2022-06-01 | 18.24% |
| 2022-05-27 | 18.24% |
| 2022-05-25 | 18.24% |
| 2022-05-23 | 18.24% |
| 2022-05-19 | 18.24% |
| 2022-05-17 | 18.24% |
| 2022-05-13 | 18.24% |
| 2022-05-11 | 18.24% |
| 2022-05-09 | 18.24% |
| 2022-05-05 | 18.24% |
| 2022-05-03 | 18.24% |
| 2022-04-29 | 18.24% |
| 2022-04-27 | 18.24% |
| 2022-04-25 | 18.24% |
| 2022-04-21 | 18.25% |
| 2022-04-19 | 18.24% |
| 2022-04-14 | 21.83% |
| 2022-04-12 | 17.26% |
| 2022-04-08 | 17.26% |
| 2022-04-06 | 17.26% |
| 2022-04-04 | 17.27% |
| 2022-03-31 | 17.27% |
| 2022-03-29 | 17.26% |
| 2022-03-25 | 17.27% |
| 2022-03-23 | 17.27% |
| 2022-03-21 | 17.27% |
| 2022-03-17 | 17.26% |
| 2022-03-15 | 17.27% |
| 2022-03-11 | 17.26% |
| 2022-03-09 | 17.26% |
| 2022-03-07 | 17.27% |
| 2022-03-03 | 17.27% |
| 2022-03-01 | 16.99% |
| 2022-02-25 | 16.99% |
| 2022-02-23 | 16.99% |
| 2022-02-18 | 16.99% |
| 2022-02-16 | 16.98% |
| 2022-02-14 | 16.99% |
| 2022-02-10 | 16.98% |
| 2022-02-08 | 16.99% |
| 2022-02-04 | 16.99% |
| 2022-02-02 | 16.98% |
| 2022-01-31 | 16.98% |
| 2022-01-27 | 16.99% |
| 2022-01-25 | 16.99% |
| 2022-01-21 | 16.98% |
| 2022-01-19 | 16.99% |
| 2022-01-14 | 16.99% |
| 2022-01-12 | 16.02% |
| 2022-01-10 | 16.03% |
| 2022-01-06 | 16.03% |
| 2022-01-04 | 16.02% |
| 2021-12-31 | 16.03% |
| 2021-12-29 | 16.03% |
| 2021-12-27 | 16.03% |
| 2021-12-22 | 16.03% |
| 2021-12-20 | 16.02% |
| 2021-12-16 | 16.02% |
| 2021-12-14 | 16.02% |
| 2021-12-10 | 16.02% |
| 2021-12-08 | 16.03% |
| 2021-12-06 | 16.03% |
| 2021-12-02 | 16.02% |
| 2021-11-30 | 14.66% |
| 2021-11-26 | 14.67% |
| 2021-11-23 | 14.66% |
| 2021-11-19 | 14.67% |
| 2021-11-17 | 14.66% |
| 2021-11-15 | 14.67% |
| 2021-11-11 | 14.66% |
Showing the most recent 260 of 2,353 data points. The chart above shows the full history.
| 15.5% |
| 2020 | $3.28 | $0.44 | 13.4% |
| 2019 | $2.45 | $0.44 | 18.0% |
| 2018 | $1.53 | $0.44 | 28.8% |
| 2017 | $2.49 | $0.36 | 14.5% |
| 2016 | $2.21 | $0.36 | 16.3% |
| 2015 | $2.61 | $0.36 | 13.8% |
| 2014 | $2.53 | $0.34 | 13.4% |
| 2013 | $1.09 | $0.21 | 19.3% |
| 2012 | $0.22 | $0.35 | 159.1% |
| 2011 | $0.53 | $0.28 | 52.8% |
| 2010 | $0.37 | $0.28 | 75.7% |
| 2009 | ($3.05) | $0.28 | N/A (Loss) |
| 2008 | $1.07 | $0.22 | 20.6% |
| 2007 | $0.72 | $0.20 | 27.8% |
| 2006 | $0.47 | $0.20 | 42.6% |
| 2005 | $0.71 | $0.20 | 28.2% |
| 2004 | $0.55 | $0.24 | 43.6% |
| 2003 | $0.60 | $0.20 | 33.3% |
| 2002 | $0.11 | $0.20 | 181.8% |
| 2001 | $0.54 | $0.14 | 25.4% |
| 2000 | $0.87 | $0.07 | 8.6% |
| 1999 | $0.93 | $0.07 | 8.0% |
| 1998 | $1.00 | $0.07 | 7.5% |
| 1997 | $1.06 | $0.07 | 7.1% |
