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 8.16% is 49% below its 5-year average of 15.90%, near the low end of its 5-year range (6.58%–23.20%).
As of Tuesday, August 4, 2026. 45.53% below its 12-month average of 14.97%.
Dividend Payout Ratio (8.16%) = TTM Dividends/Share ($3.32) / TTM EPS ($40.71)
DIVIDEND PAYOUT RATIO
8.16%
DIVIDEND PAYOUT RATIO AVG TTM
14.97%
DIVIDEND PAYOUT RATIO AVG 3Y
14.11%
DIVIDEND PAYOUT RATIO AVG 5Y
15.91%
DIVIDEND PAYOUT RATIO AVG 10Y
18.66%
DIVIDEND PAYOUT RATIO AVG 15Y
28.36%
DIVIDEND PAYOUT RATIO AVG 20Y
38.74%
CURRENT VS TTM AVG
-45.53%
CURRENT VS 3Y AVG
-42.21%
CURRENT VS 5Y AVG
-48.75%
CURRENT VS 10Y AVG
-56.30%
CURRENT VS 15Y AVG
-71.25%
CURRENT VS 20Y AVG
-78.95%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $18.85 | $3.24 | 17.2% |
| 2024 | $32.50 | $3.06 | 9.4% |
| 2023 | $18.88 | $2.80 | 14.8% |
| 2022 | $13.91 | $2.54 | 18.3% |
| 2021 | $11.26 | $2.36 | 21.0% |
| 2020 | $11.56 | $2.24 |
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 |
|---|---|
| 2026-08-03 | 8.16% |
| 2026-07-31 | 8.16% |
| 2026-07-30 | 8.16% |
| 2026-07-29 | 7.91% |
| 2026-07-28 | 7.91% |
| 2026-07-27 | 7.91% |
| 2026-07-24 | 7.91% |
| 2026-07-23 | 7.91% |
| 2026-07-22 | 7.91% |
| 2026-07-21 | 7.91% |
| 2026-07-20 | 7.91% |
| 2026-07-17 | 7.91% |
| 2026-07-16 | 7.91% |
| 2026-07-15 | 7.91% |
| 2026-07-14 | 7.91% |
| 2026-07-13 | 7.91% |
| 2026-07-10 | 7.91% |
| 2026-07-09 | 7.91% |
| 2026-07-08 | 7.91% |
| 2026-07-07 | 7.91% |
| 2026-07-06 | 7.91% |
| 2026-07-02 | 7.91% |
| 2026-07-01 | 7.91% |
| 2026-06-30 | 7.91% |
| 2026-06-29 | 7.91% |
| 2026-06-26 | 7.91% |
| 2026-06-25 | 7.91% |
| 2026-06-24 | 7.91% |
| 2026-06-23 | 7.91% |
| 2026-06-22 | 7.91% |
| 2026-06-18 | 7.91% |
| 2026-06-17 | 7.91% |
| 2026-06-16 | 7.91% |
| 2026-06-15 | 7.91% |
| 2026-06-12 | 7.91% |
| 2026-06-11 | 7.91% |
| 2026-06-10 | 7.91% |
| 2026-06-09 | 7.91% |
| 2026-06-08 | 7.91% |
| 2026-06-05 | 7.91% |
| 2026-06-04 | 7.91% |
| 2026-06-03 | 7.91% |
| 2026-06-02 | 7.91% |
| 2026-06-01 | 9.80% |
| 2026-05-29 | 7.82% |
| 2026-05-28 | 7.82% |
| 2026-05-27 | 7.82% |
| 2026-05-26 | 7.82% |
| 2026-05-22 | 7.82% |
| 2026-05-21 | 7.82% |
| 2026-05-20 | 7.82% |
| 2026-05-19 | 7.81% |
| 2026-05-18 | 7.82% |
| 2026-05-15 | 7.81% |
| 2026-05-14 | 7.82% |
| 2026-05-13 | 7.82% |
| 2026-05-12 | 7.82% |
| 2026-05-11 | 7.82% |
| 2026-05-08 | 7.82% |
| 2026-05-07 | 7.82% |
| 2026-05-06 | 7.82% |
| 2026-05-05 | 7.81% |
| 2026-05-04 | 7.82% |
| 2026-05-01 | 7.81% |
| 2026-04-30 | 7.81% |
| 2026-04-29 | 17.45% |
| 2026-04-28 | 17.45% |
| 2026-04-27 | 17.44% |
| 2026-04-24 | 17.45% |
| 2026-04-23 | 17.45% |
| 2026-04-22 | 17.45% |
| 2026-04-21 | 17.44% |
| 2026-04-20 | 17.45% |
| 2026-04-17 | 17.45% |
| 2026-04-16 | 17.45% |
| 2026-04-15 | 17.45% |
| 2026-04-14 | 17.45% |
| 2026-04-13 | 17.45% |
| 2026-04-10 | 17.45% |
| 2026-04-09 | 17.45% |
| 2026-04-08 | 17.45% |
| 2026-04-07 | 17.45% |
| 2026-04-06 | 17.44% |
| 2026-04-02 | 17.44% |
| 2026-04-01 | 17.45% |
| 2026-03-31 | 17.45% |
| 2026-03-30 | 17.45% |
| 2026-03-27 | 17.45% |
| 2026-03-26 | 17.45% |
| 2026-03-25 | 17.45% |
| 2026-03-24 | 17.45% |
| 2026-03-23 | 17.45% |
| 2026-03-20 | 17.44% |
| 2026-03-19 | 17.44% |
| 2026-03-18 | 17.45% |
| 2026-03-17 | 17.44% |
| 2026-03-16 | 17.44% |
| 2026-03-13 | 17.45% |
| 2026-03-12 | 17.45% |
| 2026-03-11 | 17.45% |
| 2026-03-10 | 17.45% |
| 2026-03-09 | 17.45% |
| 2026-03-06 | 17.45% |
| 2026-03-05 | 17.45% |
| 2026-03-04 | 17.45% |
| 2026-03-03 | 17.44% |
| 2026-03-02 | 21.65% |
| 2026-02-27 | 17.24% |
| 2026-02-26 | 17.23% |
| 2026-02-25 | 17.23% |
| 2026-02-24 | 17.24% |
| 2026-02-23 | 17.23% |
| 2026-02-20 | 17.24% |
| 2026-02-19 | 17.23% |
| 2026-02-18 | 17.08% |
| 2026-02-17 | 17.08% |
| 2026-02-13 | 17.08% |
| 2026-02-12 | 17.08% |
| 2026-02-11 | 17.08% |
| 2026-02-10 | 17.08% |
| 2026-02-09 | 17.08% |
| 2026-02-06 | 17.08% |
| 2026-02-05 | 17.08% |
| 2026-02-04 | 17.08% |
| 2026-02-03 | 17.08% |
| 2026-02-02 | 17.08% |
| 2026-01-30 | 17.08% |
| 2026-01-29 | 17.08% |
| 2026-01-28 | 17.08% |
| 2026-01-27 | 17.08% |
| 2026-01-26 | 17.08% |
| 2026-01-23 | 17.08% |
| 2026-01-22 | 17.08% |
| 2026-01-21 | 17.08% |
| 2026-01-20 | 17.08% |
| 2026-01-16 | 17.08% |
| 2026-01-15 | 17.08% |
| 2026-01-14 | 17.08% |
| 2026-01-13 | 17.08% |
| 2026-01-12 | 17.08% |
| 2026-01-09 | 17.08% |
| 2026-01-08 | 17.08% |
| 2026-01-07 | 17.08% |
| 2026-01-06 | 17.08% |
| 2026-01-05 | 17.08% |
| 2026-01-02 | 17.08% |
| 2025-12-31 | 17.08% |
| 2025-12-30 | 17.08% |
| 2025-12-29 | 17.08% |
| 2025-12-26 | 17.08% |
| 2025-12-24 | 17.08% |
| 2025-12-23 | 17.08% |
| 2025-12-22 | 17.08% |
| 2025-12-19 | 17.08% |
| 2025-12-18 | 17.08% |
| 2025-12-17 | 17.08% |
| 2025-12-16 | 17.08% |
| 2025-12-15 | 17.08% |
| 2025-12-12 | 17.08% |
| 2025-12-11 | 17.08% |
| 2025-12-10 | 17.08% |
| 2025-12-09 | 17.08% |
| 2025-12-08 | 17.08% |
| 2025-12-05 | 17.08% |
| 2025-12-04 | 17.08% |
| 2025-12-03 | 17.08% |
| 2025-12-02 | 17.08% |
| 2025-12-01 | 21.24% |
| 2025-11-28 | 16.87% |
| 2025-11-26 | 16.87% |
| 2025-11-25 | 16.87% |
| 2025-11-24 | 16.87% |
| 2025-11-21 | 16.87% |
| 2025-11-20 | 16.87% |
| 2025-11-19 | 16.87% |
| 2025-11-18 | 16.87% |
| 2025-11-17 | 16.87% |
| 2025-11-14 | 16.87% |
| 2025-11-13 | 16.87% |
| 2025-11-12 | 16.87% |
| 2025-11-11 | 16.87% |
| 2025-11-10 | 16.87% |
| 2025-11-07 | 16.87% |
| 2025-11-06 | 16.87% |
| 2025-11-05 | 16.87% |
| 2025-11-04 | 16.87% |
| 2025-11-03 | 17.75% |
| 2025-10-31 | 17.75% |
| 2025-10-30 | 17.75% |
| 2025-10-29 | 17.75% |
| 2025-10-28 | 17.75% |
| 2025-10-27 | 17.75% |
| 2025-10-24 | 17.75% |
| 2025-10-23 | 17.75% |
| 2025-10-22 | 17.75% |
| 2025-10-21 | 17.75% |
| 2025-10-20 | 17.75% |
| 2025-10-17 | 17.75% |
| 2025-10-16 | 17.75% |
| 2025-10-15 | 17.75% |
| 2025-10-14 | 17.75% |
| 2025-10-13 | 17.75% |
| 2025-10-10 | 17.75% |
| 2025-10-09 | 17.75% |
| 2025-10-08 | 17.75% |
| 2025-10-07 | 17.75% |
| 2025-10-06 | 17.75% |
| 2025-10-03 | 17.75% |
| 2025-10-02 | 17.75% |
| 2025-10-01 | 17.75% |
| 2025-09-30 | 17.75% |
| 2025-09-29 | 17.75% |
| 2025-09-26 | 17.75% |
| 2025-09-25 | 17.75% |
| 2025-09-24 | 17.75% |
| 2025-09-23 | 17.75% |
| 2025-09-22 | 17.75% |
| 2025-09-19 | 17.75% |
| 2025-09-18 | 17.75% |
| 2025-09-17 | 17.75% |
| 2025-09-16 | 17.75% |
| 2025-09-15 | 17.75% |
| 2025-09-12 | 17.75% |
| 2025-09-11 | 17.75% |
| 2025-09-10 | 17.75% |
| 2025-09-09 | 17.75% |
| 2025-09-08 | 17.75% |
| 2025-09-05 | 17.75% |
| 2025-09-04 | 17.75% |
| 2025-09-03 | 17.75% |
| 2025-09-02 | 22.13% |
| 2025-08-29 | 17.53% |
| 2025-08-28 | 17.53% |
| 2025-08-27 | 17.53% |
| 2025-08-26 | 17.52% |
| 2025-08-25 | 17.53% |
| 2025-08-22 | 17.52% |
| 2025-08-21 | 17.53% |
| 2025-08-20 | 17.53% |
| 2025-08-19 | 17.53% |
| 2025-08-18 | 17.52% |
| 2025-08-15 | 17.53% |
| 2025-08-14 | 17.53% |
| 2025-08-13 | 17.53% |
| 2025-08-12 | 17.52% |
| 2025-08-11 | 17.52% |
| 2025-08-08 | 17.52% |
| 2025-08-07 | 17.52% |
| 2025-08-06 | 18.20% |
| 2025-08-05 | 18.20% |
| 2025-08-04 | 18.20% |
| 2025-08-01 | 18.20% |
| 2025-07-31 | 18.21% |
| 2025-07-30 | 18.20% |
| 2025-07-29 | 18.21% |
| 2025-07-28 | 18.20% |
| 2025-07-25 | 18.20% |
| 2025-07-24 | 18.20% |
| 2025-07-23 | 18.20% |
| 2025-07-22 | 18.20% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 19.4% |
| 2019 | $9.77 | $2.06 | 21.1% |
| 2018 | $7.46 | $1.84 | 24.7% |
| 2017 | $11.30 | $1.72 | 15.2% |
| 2016 | $6.66 | $1.64 | 24.6% |
| 2015 | $4.31 | $1.60 | 37.1% |
| 2014 | $2.73 | $1.60 | 58.6% |
| 2013 | $2.62 | $1.60 | 61.1% |
| 2012 | $1.83 | $1.60 | 87.4% |
| 2011 | $1.79 | $1.60 | 89.4% |
| 2010 | $2.11 | $1.60 | 75.8% |
| 2009 | $1.92 | $1.60 | 83.3% |
| 2008 | $4.26 | $1.49 | 35.0% |
| 2007 | $6.16 | $1.24 | 20.1% |
| 2006 | $5.40 | $1.01 | 18.7% |
| 2005 | $4.14 | $0.86 | 20.8% |
| 2004 | $2.68 | $0.76 | 28.4% |
| 2003 | $1.91 | $0.69 | 36.1% |
| 2002 | $1.77 | $0.58 | 32.8% |
| 2001 | $2.20 | $0.56 | 25.5% |
| 2000 | $2.40 | $0.54 | 22.5% |
| 1999 | $2.70 | $0.52 | 19.3% |
| 1998 | $2.49 | $0.50 | 20.1% |
| 1997 | $2.14 | $0.48 | 22.4% |
| 1996 | $1.71 | $0.46 | 26.9% |