Basis: Latest reported fiscal quarter; includes inputs from SEC filing. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the FCF payout ratio high or low?
The FCF payout ratio of 44.33% is in line with its 3-year average of 45.56%, near the low end of its 3-year range (20.18%–214.13%).
As of the fiscal period ended Saturday, August 29, 2026. 25.05% below its 12-month average of 59.14%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q1 FY2027 (2026-08-29): 44.33%.
Includes values from SEC filing for the quarter ended 2025-11-29.
FCF PAYOUT RATIO
44.33%
FCF PAYOUT RATIO AVG TTM
59.14%
FCF PAYOUT RATIO AVG 3Y
42.01%
FCF PAYOUT RATIO AVG 5Y
45.56%
FCF PAYOUT RATIO AVG 10Y
36.60%
FCF PAYOUT RATIO AVG 15Y
33.73%
FCF PAYOUT RATIO AVG 20Y
28.94%
CURRENT VS TTM AVG
-25.05%
CURRENT VS 3Y AVG
+5.52%
CURRENT VS 5Y AVG
-2.70%
CURRENT VS 10Y AVG
+21.13%
CURRENT VS 15Y AVG
+31.41%
CURRENT VS 20Y AVG
+53.19%
FCF Payout Ratio TTM
44.3%
Earnings Payout Ratio
53.2%
Dividend Yield
3.57%
FCF Yield
8.18%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $77.60M | $51.10M | 65.9% |
| 2025 | $101.70M | $51.70M | 50.8% |
| 2024 | $273.90M | $55.60M | 20.3% |
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-08-29 | 44.33% |
| 2026-05-30 | 65.85% |
| 2026-02-28 | 61.37% |
| 2025-11-29 | 61.64% |
| 2025-08-30 | 62.52% |
| 2025-05-31 | 50.84% |
| 2025-03-01 | 41.32% |
| 2024-11-30 | 40.71% |
| 2024-08-31 | 33.83% |
| 2024-06-01 | 20.30% |
| 2024-03-02 | 20.90% |
| 2023-12-02 | 20.18% |
| 2023-09-02 | 22.36% |
| 2023-05-31 | 91.65% |
| 2023-03-04 | 214.13% |
| 2021-08-28 | 34.12% |
| 2021-05-31 | 12.66% |
| 2021-02-27 | 23.42% |
| 2020-11-28 | 23.54% |
| 2020-08-29 | 30.51% |
| 2020-05-31 | 44.50% |
| 2020-02-29 | 24.21% |
| 2019-11-30 | 25.65% |
| 2019-08-31 | 30.75% |
| 2019-05-31 | 36.25% |
| 2019-03-02 | 45.15% |
| 2018-12-01 | 43.99% |
| 2018-09-01 | 39.47% |
| 2018-05-31 | 44.21% |
| 2018-03-03 | 34.09% |
| 2017-12-02 | 36.55% |
| 2017-09-02 | 40.52% |
| 2017-05-31 | 34.32% |
| 2017-03-04 | 35.88% |
| 2016-12-03 | 28.06% |
| 2016-09-03 | 30.25% |
| 2016-05-31 | 27.85% |
| 2016-02-27 | 31.79% |
| 2015-11-28 | 38.48% |
| 2015-08-29 | 38.39% |
| 2015-05-31 | 31.99% |
| 2015-02-28 | 33.95% |
| 2014-11-29 | 33.61% |
| 2014-08-30 | 60.89% |
| 2014-05-31 | 61.46% |
| 2014-03-01 | 44.01% |
| 2013-11-30 | 36.11% |
| 2013-08-31 | 23.90% |
| 2013-05-31 | 22.13% |
| 2013-03-02 | 36.46% |
| 2012-12-01 | 16.94% |
| 2012-09-01 | 12.33% |
| 2012-05-31 | 8.44% |
| 2012-03-03 | 5.42% |
| 2011-12-03 | 7.55% |
| 2011-09-03 | 5.68% |
| 2011-05-31 | 8.25% |
| 2011-02-26 | 8.36% |
| 2010-11-27 | 9.31% |
| 2010-08-28 | 8.22% |
| 2010-05-31 | 6.38% |
| 2010-02-27 | 11.89% |
| 2009-11-28 | 14.84% |
| 2009-08-29 | 16.83% |
| 2009-05-31 | 28.92% |
| 2009-02-28 | 15.88% |
| 2008-11-29 | 14.97% |
| 2008-08-30 | 14.12% |
| 2008-05-31 | 12.25% |
| 2008-03-01 | 16.65% |
| 2007-12-01 | 13.27% |
| 2007-09-01 | 15.56% |
| 2007-05-31 | 21.47% |
| 2007-03-03 | 22.07% |
| 2006-12-02 | 33.01% |
| 2006-09-02 | 27.50% |
| 2006-05-31 | 20.38% |
| 2006-03-04 | 22.08% |
| 2005-12-03 | 20.92% |
| 2005-09-03 | 23.74% |
| 2005-05-31 | 27.42% |
| 2005-02-26 | 22.40% |
| 2004-11-27 | 29.68% |
| 2004-08-28 | 53.23% |
| 2004-05-31 | 18.93% |
| 2004-02-28 | 49.76% |
| 2003-11-29 | 22.65% |
| 2003-08-30 | 13.82% |
| 2023 |
| $79.60M |
| $57.10M |
| 71.7% |
| 2022 | ($106.60M) | $54.50M | N/A (Loss) |
| 2021 | $272.50M | $34.50M | 12.7% |
| 2020 | $152.80M | $36.40M | 23.8% |
| 2019 | $125.80M | $45.60M | 36.2% |
| 2018 | $95.90M | $42.40M | 44.2% |
| 2017 | $114.80M | $39.40M | 34.3% |
| 2016 | $125.30M | $34.90M | 27.9% |
| 2015 | $104.10M | $33.30M | 32.0% |
| 2014 | $49.30M | $30.30M | 61.5% |
| 2013 | $86.30M | $19.10M | 22.1% |
| 2012 | $61.60M | $5.20M | 8.4% |
| 2011 | $60.60M | $5.00M | 8.3% |
| 2010 | $76.80M | $4.90M | 6.4% |
| 2009 | $66.40M | $19.20M | 28.9% |
| 2008 | $173.10M | $21.20M | 12.2% |
| 2007 | $96.40M | $20.70M | 21.5% |
| 2006 | $99.60M | $20.30M | 20.4% |
| 2005 | $74.40M | $20.40M | 27.4% |
| 2004 | $56.00M | $10.60M | 18.9% |
| 2003 | $115.70M | $10.80M | 9.3% |
| 2002 | $2.20M | $11.00M | 500.0% |
| 2001 | $106.80M | $11.10M | 10.4% |
| 2000 | $66.40M | $11.50M | 17.3% |
| 1999 | $97.50M | $12.30M | 12.6% |
| 1998 | $195.10M | $13.50M | 6.9% |
| 1997 | $163.70M | $12.50M | 7.6% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
