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 44.54% is 10% above its 5-year average of 40.37%, near the low end of its 5-year range (21.62%–113.81%).
As of Friday, September 4, 2026. 2.28% above its 12-month average of 43.54%.
Dividend Payout Ratio (44.54%) = TTM Dividends/Share ($2.32) / TTM EPS ($5.21)
DIVIDEND PAYOUT RATIO
44.54%
DIVIDEND PAYOUT RATIO AVG TTM
43.54%
DIVIDEND PAYOUT RATIO AVG 3Y
48.07%
DIVIDEND PAYOUT RATIO AVG 5Y
40.37%
DIVIDEND PAYOUT RATIO AVG 10Y
37.57%
DIVIDEND PAYOUT RATIO AVG 15Y
33.02%
DIVIDEND PAYOUT RATIO AVG 20Y
29.96%
CURRENT VS TTM AVG
+2.28%
CURRENT VS 3Y AVG
-7.35%
CURRENT VS 5Y AVG
+10.31%
CURRENT VS 10Y AVG
+18.55%
CURRENT VS 15Y AVG
+34.89%
CURRENT VS 20Y AVG
+48.65%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $4.80 | $2.25 | 46.8% |
| 2024-12-31 | $5.98 | $2.15 | 36.0% |
| 2023-12-31 | $1.82 | $2.06 | 113.2% |
| 2022-12-31 | $6.35 | $1.98 | 31.2% |
| 2021-12-31 | $7.70 | $1.90 | 24.7% |
| 2020-12-31 | $5.72 |
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 | 44.54% |
| 2026-09-03 | 44.54% |
| 2026-09-02 | 44.54% |
| 2026-09-01 | 44.52% |
| 2026-08-31 | 44.54% |
| 2026-08-28 | 44.52% |
| 2026-08-27 | 44.52% |
| 2026-08-26 | 44.54% |
| 2026-08-25 | 44.53% |
| 2026-08-24 | 44.54% |
| 2026-08-21 | 44.54% |
| 2026-08-20 | 44.53% |
| 2026-08-19 | 44.54% |
| 2026-08-18 | 44.54% |
| 2026-08-17 | 44.54% |
| 2026-08-14 | 44.52% |
| 2026-08-13 | 44.53% |
| 2026-08-12 | 44.52% |
| 2026-08-11 | 44.53% |
| 2026-08-10 | 44.52% |
| 2026-08-07 | 44.54% |
| 2026-08-06 | 44.52% |
| 2026-08-05 | 44.97% |
| 2026-08-04 | 55.96% |
| 2026-08-03 | 44.47% |
| 2026-07-31 | 44.48% |
| 2026-07-30 | 44.47% |
| 2026-07-29 | 44.47% |
| 2026-07-28 | 44.47% |
| 2026-07-27 | 44.48% |
| 2026-07-24 | 44.48% |
| 2026-07-23 | 44.47% |
| 2026-07-22 | 44.49% |
| 2026-07-21 | 44.46% |
| 2026-07-20 | 44.47% |
| 2026-07-17 | 44.48% |
| 2026-07-16 | 44.48% |
| 2026-07-15 | 44.48% |
| 2026-07-14 | 44.47% |
| 2026-07-13 | 44.48% |
| 2026-07-10 | 44.47% |
| 2026-07-09 | 44.46% |
| 2026-07-08 | 44.47% |
| 2026-07-07 | 44.49% |
| 2026-07-06 | 44.47% |
| 2026-07-02 | 44.47% |
| 2026-07-01 | 44.48% |
| 2026-06-30 | 44.48% |
| 2026-06-29 | 44.46% |
| 2026-06-26 | 44.48% |
| 2026-06-25 | 44.47% |
| 2026-06-24 | 44.49% |
| 2026-06-23 | 44.48% |
| 2026-06-22 | 44.48% |
| 2026-06-18 | 44.49% |
| 2026-06-17 | 44.48% |
| 2026-06-16 | 44.48% |
| 2026-06-15 | 44.48% |
| 2026-06-12 | 44.48% |
| 2026-06-11 | 44.47% |
| 2026-06-10 | 44.47% |
| 2026-06-09 | 44.47% |
| 2026-06-08 | 44.47% |
| 2026-06-05 | 44.47% |
| 2026-06-04 | 44.46% |
| 2026-06-03 | 44.48% |
| 2026-06-02 | 44.48% |
| 2026-06-01 | 44.48% |
| 2026-05-29 | 44.49% |
| 2026-05-28 | 44.47% |
| 2026-05-27 | 44.47% |
| 2026-05-26 | 44.48% |
| 2026-05-22 | 44.47% |
| 2026-05-21 | 44.48% |
| 2026-05-20 | 44.48% |
| 2026-05-19 | 44.47% |
| 2026-05-18 | 44.48% |
| 2026-05-15 | 44.47% |
| 2026-05-14 | 44.46% |
| 2026-05-13 | 44.47% |
| 2026-05-12 | 44.48% |
| 2026-05-11 | 32.99% |
| 2026-05-08 | 32.99% |
| 2026-05-07 | 33.00% |
| 2026-05-06 | 36.23% |
| 2026-05-05 | 48.30% |
| 2026-05-04 | 48.30% |
| 2026-05-01 | 48.30% |
| 2026-04-30 | 48.29% |
| 2026-04-29 | 48.30% |
| 2026-04-28 | 48.31% |
| 2026-04-27 | 48.31% |
| 2026-04-24 | 48.29% |
| 2026-04-23 | 48.29% |
| 2026-04-22 | 48.31% |
| 2026-04-21 | 48.31% |
| 2026-04-20 | 48.29% |
| 2026-04-17 | 48.29% |
| 2026-04-16 | 48.29% |
| 2026-04-15 | 48.29% |
| 2026-04-14 | 48.30% |
| 2026-04-13 | 48.29% |
| 2026-04-10 | 48.30% |
| 2026-04-09 | 48.29% |
| 2026-04-08 | 48.31% |
| 2026-04-07 | 48.30% |
| 2026-04-06 | 48.28% |
| 2026-04-02 | 48.31% |
| 2026-04-01 | 48.29% |
| 2026-03-31 | 48.31% |
| 2026-03-30 | 48.31% |
| 2026-03-27 | 48.28% |
| 2026-03-26 | 48.30% |
| 2026-03-25 | 48.31% |
| 2026-03-24 | 48.30% |
| 2026-03-23 | 48.30% |
| 2026-03-20 | 48.31% |
| 2026-03-19 | 48.30% |
| 2026-03-18 | 48.31% |
| 2026-03-17 | 48.28% |
| 2026-03-16 | 48.28% |
| 2026-03-13 | 48.29% |
| 2026-03-12 | 48.31% |
| 2026-03-11 | 48.31% |
| 2026-03-10 | 48.29% |
| 2026-03-09 | 48.31% |
| 2026-03-06 | 48.29% |
| 2026-03-05 | 48.30% |
| 2026-03-04 | 48.30% |
| 2026-03-03 | 48.29% |
| 2026-03-02 | 48.29% |
| 2026-02-27 | 48.29% |
| 2026-02-26 | 48.31% |
| 2026-02-25 | 48.29% |
| 2026-02-24 | 48.30% |
| 2026-02-23 | 48.30% |
| 2026-02-20 | 48.30% |
| 2026-02-19 | 48.31% |
| 2026-02-18 | 42.75% |
| 2026-02-17 | 42.75% |
| 2026-02-13 | 42.75% |
| 2026-02-12 | 42.75% |
| 2026-02-11 | 42.76% |
| 2026-02-10 | 42.74% |
| 2026-02-09 | 42.76% |
| 2026-02-06 | 42.74% |
| 2026-02-05 | 42.74% |
| 2026-02-04 | 42.75% |
| 2026-02-03 | 53.01% |
| 2026-02-02 | 42.31% |
| 2026-01-30 | 42.31% |
| 2026-01-29 | 42.32% |
| 2026-01-28 | 42.32% |
| 2026-01-27 | 42.32% |
| 2026-01-26 | 42.32% |
| 2026-01-23 | 42.34% |
| 2026-01-22 | 42.34% |
| 2026-01-21 | 42.34% |
| 2026-01-20 | 42.32% |
| 2026-01-16 | 42.33% |
| 2026-01-15 | 42.32% |
| 2026-01-14 | 42.32% |
| 2026-01-13 | 42.34% |
| 2026-01-12 | 42.33% |
| 2026-01-09 | 42.31% |
| 2026-01-08 | 42.31% |
| 2026-01-07 | 42.33% |
| 2026-01-06 | 42.33% |
| 2026-01-05 | 42.33% |
| 2026-01-02 | 42.34% |
| 2025-12-31 | 42.34% |
| 2025-12-30 | 42.31% |
| 2025-12-29 | 42.31% |
| 2025-12-26 | 42.32% |
| 2025-12-24 | 42.32% |
| 2025-12-23 | 42.33% |
| 2025-12-22 | 42.33% |
| 2025-12-19 | 42.32% |
| 2025-12-18 | 42.33% |
| 2025-12-17 | 42.32% |
| 2025-12-16 | 42.34% |
| 2025-12-15 | 42.33% |
| 2025-12-12 | 42.32% |
| 2025-12-11 | 42.33% |
| 2025-12-10 | 42.32% |
| 2025-12-09 | 42.34% |
| 2025-12-08 | 42.31% |
| 2025-12-05 | 42.32% |
| 2025-12-04 | 42.31% |
| 2025-12-03 | 42.33% |
| 2025-12-02 | 42.32% |
| 2025-12-01 | 42.32% |
| 2025-11-28 | 42.33% |
| 2025-11-26 | 42.31% |
| 2025-11-25 | 42.31% |
| 2025-11-24 | 42.33% |
| 2025-11-21 | 42.33% |
| 2025-11-20 | 42.32% |
| 2025-11-19 | 42.33% |
| 2025-11-18 | 42.31% |
| 2025-11-17 | 42.31% |
| 2025-11-14 | 42.33% |
| 2025-11-13 | 42.34% |
| 2025-11-12 | 42.34% |
| 2025-11-11 | 42.33% |
| 2025-11-10 | 42.31% |
| 2025-11-07 | 42.32% |
| 2025-11-06 | 42.33% |
| 2025-11-05 | 38.11% |
| 2025-11-04 | 47.34% |
| 2025-11-03 | 37.72% |
| 2025-10-31 | 37.72% |
| 2025-10-30 | 37.72% |
| 2025-10-29 | 37.70% |
| 2025-10-28 | 37.72% |
| 2025-10-27 | 37.72% |
| 2025-10-24 | 37.72% |
| 2025-10-23 | 37.71% |
| 2025-10-22 | 37.73% |
| 2025-10-21 | 37.70% |
| 2025-10-20 | 37.72% |
| 2025-10-17 | 37.72% |
| 2025-10-16 | 37.70% |
| 2025-10-15 | 37.70% |
| 2025-10-14 | 37.71% |
| 2025-10-13 | 37.72% |
| 2025-10-10 | 37.71% |
| 2025-10-09 | 37.70% |
| 2025-10-08 | 37.70% |
| 2025-10-07 | 37.72% |
| 2025-10-06 | 37.72% |
| 2025-10-03 | 37.71% |
| 2025-10-02 | 37.70% |
| 2025-10-01 | 37.72% |
| 2025-09-30 | 37.71% |
| 2025-09-29 | 37.71% |
| 2025-09-26 | 37.70% |
| 2025-09-25 | 37.72% |
| 2025-09-24 | 37.72% |
| 2025-09-23 | 37.70% |
| 2025-09-22 | 37.72% |
| 2025-09-19 | 37.72% |
| 2025-09-18 | 37.71% |
| 2025-09-17 | 37.72% |
| 2025-09-16 | 37.70% |
| 2025-09-15 | 37.72% |
| 2025-09-12 | 37.72% |
| 2025-09-11 | 37.72% |
| 2025-09-10 | 37.72% |
| 2025-09-09 | 37.71% |
| 2025-09-08 | 37.71% |
| 2025-09-05 | 37.72% |
| 2025-09-04 | 37.72% |
| 2025-09-03 | 37.72% |
| 2025-09-02 | 37.70% |
| 2025-08-29 | 37.71% |
| 2025-08-28 | 37.70% |
| 2025-08-27 | 37.72% |
| 2025-08-26 | 37.71% |
| 2025-08-25 | 37.71% |
Showing the most recent 260 of 2,456 data points. The chart above shows the full history.
| $1.82 |
| 31.8% |
| 2019-12-31 | $6.10 | $1.74 | 28.5% |
| 2018-12-31 | $4.95 | $1.66 | 33.5% |
| 2017-12-31 | $3.74 | $1.47 | 39.3% |
| 2016-12-31 | $0.68 | $1.40 | 206.4% |
| 2015-12-31 | $3.48 | $1.31 | 37.8% |
| 2014-12-31 | $5.42 | $1.18 | 21.8% |
| 2013-12-31 | $2.93 | $0.90 | 30.7% |
| 2012-12-31 | $1.12 | $0.66 | 58.9% |
| 2011-12-31 | $5.81 | $0.66 | 11.4% |
| 2010-12-31 | $3.00 | $0.66 | 22.0% |
| 2009-12-31 | ($2.93) | $0.66 | N/A (Loss) |
| 2008-12-31 | $4.19 | $0.66 | 15.7% |
| 2007-12-31 | $5.62 | $0.66 | 11.7% |
| 2006-12-31 | $8.09 | $0.53 | 6.5% |
| 2005-12-31 | $6.21 | $0.46 | 7.5% |
| 2004-12-31 | $3.67 | $0.41 | 11.2% |
| 2003-12-31 | $2.97 | $0.20 | 6.9% |
| 2002-12-31 | $2.28 | $0.19 | 8.2% |
| 2001-12-31 | $0.64 | $0.18 | 27.9% |
| 2000-12-31 | $1.52 | $0.18 | 11.7% |
