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 45.11% is 16% above its 5-year average of 38.75%, around the middle of its 5-year range (28.82%–56.10%).
As of Saturday, August 1, 2026. 6.80% above its 12-month average of 42.24%.
Dividend Payout Ratio (45.11%) = TTM Dividends/Share ($3.69) / TTM EPS ($8.18)
DIVIDEND PAYOUT RATIO
45.11%
DIVIDEND PAYOUT RATIO AVG TTM
42.24%
DIVIDEND PAYOUT RATIO AVG 3Y
39.97%
DIVIDEND PAYOUT RATIO AVG 5Y
38.69%
DIVIDEND PAYOUT RATIO AVG 10Y
41.90%
DIVIDEND PAYOUT RATIO AVG 15Y
42.14%
DIVIDEND PAYOUT RATIO AVG 20Y
43.56%
CURRENT VS TTM AVG
+6.80%
CURRENT VS 3Y AVG
+12.86%
CURRENT VS 5Y AVG
+16.59%
CURRENT VS 10Y AVG
+7.66%
CURRENT VS 15Y AVG
+7.06%
CURRENT VS 20Y AVG
+3.56%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $8.48 | $3.43 | 40.4% |
| 2024 | $8.25 | $3.05 | 37.0% |
| 2023 | $7.60 | $2.60 | 34.2% |
| 2022 | $6.11 | $2.25 | 36.8% |
| 2021 | $6.20 | $2.00 | 32.3% |
| 2020 | $3.98 | $1.84 |
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 |
|---|---|
| 2026-07-31 | 45.11% |
| 2026-07-30 | 45.11% |
| 2026-07-29 | 45.12% |
| 2026-07-28 | 45.12% |
| 2026-07-27 | 45.11% |
| 2026-07-24 | 45.12% |
| 2026-07-23 | 56.10% |
| 2026-07-22 | 44.00% |
| 2026-07-21 | 44.01% |
| 2026-07-20 | 45.00% |
| 2026-07-17 | 45.00% |
| 2026-07-16 | 45.00% |
| 2026-07-15 | 45.01% |
| 2026-07-14 | 45.01% |
| 2026-07-13 | 45.00% |
| 2026-07-10 | 45.00% |
| 2026-07-09 | 45.01% |
| 2026-07-08 | 45.00% |
| 2026-07-07 | 45.00% |
| 2026-07-06 | 45.00% |
| 2026-07-02 | 45.01% |
| 2026-07-01 | 45.01% |
| 2026-06-30 | 44.99% |
| 2026-06-29 | 45.00% |
| 2026-06-26 | 45.00% |
| 2026-06-25 | 45.00% |
| 2026-06-24 | 45.01% |
| 2026-06-23 | 45.00% |
| 2026-06-22 | 45.01% |
| 2026-06-18 | 45.00% |
| 2026-06-17 | 45.01% |
| 2026-06-16 | 45.01% |
| 2026-06-15 | 44.99% |
| 2026-06-12 | 45.01% |
| 2026-06-11 | 45.00% |
| 2026-06-10 | 44.99% |
| 2026-06-09 | 45.00% |
| 2026-06-08 | 45.01% |
| 2026-06-05 | 45.00% |
| 2026-06-04 | 45.01% |
| 2026-06-03 | 45.01% |
| 2026-06-02 | 44.99% |
| 2026-06-01 | 45.00% |
| 2026-05-29 | 45.01% |
| 2026-05-28 | 45.00% |
| 2026-05-27 | 44.99% |
| 2026-05-26 | 45.01% |
| 2026-05-22 | 44.99% |
| 2026-05-21 | 45.00% |
| 2026-05-20 | 44.99% |
| 2026-05-19 | 45.00% |
| 2026-05-18 | 45.01% |
| 2026-05-15 | 45.00% |
| 2026-05-14 | 44.99% |
| 2026-05-13 | 44.99% |
| 2026-05-12 | 44.99% |
| 2026-05-11 | 45.01% |
| 2026-05-08 | 45.01% |
| 2026-05-07 | 44.99% |
| 2026-05-06 | 45.01% |
| 2026-05-05 | 45.00% |
| 2026-05-04 | 44.99% |
| 2026-05-01 | 44.99% |
| 2026-04-30 | 44.99% |
| 2026-04-29 | 44.99% |
| 2026-04-28 | 44.99% |
| 2026-04-27 | 45.00% |
| 2026-04-24 | 44.99% |
| 2026-04-23 | 45.00% |
| 2026-04-22 | 45.01% |
| 2026-04-21 | 45.01% |
| 2026-04-20 | 44.99% |
| 2026-04-17 | 45.01% |
| 2026-04-16 | 45.00% |
| 2026-04-15 | 42.71% |
| 2026-04-14 | 42.70% |
| 2026-04-13 | 42.71% |
| 2026-04-10 | 42.71% |
| 2026-04-09 | 42.71% |
| 2026-04-08 | 32.04% |
| 2026-04-07 | 32.03% |
| 2026-04-06 | 32.03% |
| 2026-04-02 | 41.69% |
| 2026-04-01 | 41.70% |
| 2026-03-31 | 41.71% |
| 2026-03-30 | 41.70% |
| 2026-03-27 | 41.70% |
| 2026-03-26 | 41.70% |
| 2026-03-25 | 41.69% |
| 2026-03-24 | 41.69% |
| 2026-03-23 | 41.71% |
| 2026-03-20 | 41.69% |
| 2026-03-19 | 41.69% |
| 2026-03-18 | 41.70% |
| 2026-03-17 | 41.70% |
| 2026-03-16 | 41.69% |
| 2026-03-13 | 41.69% |
| 2026-03-12 | 41.70% |
| 2026-03-11 | 41.70% |
| 2026-03-10 | 41.70% |
| 2026-03-09 | 41.70% |
| 2026-03-06 | 41.70% |
| 2026-03-05 | 41.70% |
| 2026-03-04 | 41.70% |
| 2026-03-03 | 41.69% |
| 2026-03-02 | 41.71% |
| 2026-02-27 | 41.69% |
| 2026-02-26 | 41.70% |
| 2026-02-25 | 41.69% |
| 2026-02-24 | 41.70% |
| 2026-02-23 | 41.71% |
| 2026-02-20 | 41.69% |
| 2026-02-19 | 41.70% |
| 2026-02-18 | 41.70% |
| 2026-02-17 | 41.70% |
| 2026-02-13 | 41.70% |
| 2026-02-12 | 41.69% |
| 2026-02-11 | 41.69% |
| 2026-02-10 | 41.70% |
| 2026-02-09 | 41.69% |
| 2026-02-06 | 42.15% |
| 2026-02-05 | 42.14% |
| 2026-02-04 | 42.14% |
| 2026-02-03 | 42.14% |
| 2026-02-02 | 42.14% |
| 2026-01-30 | 42.14% |
| 2026-01-29 | 51.91% |
| 2026-01-28 | 41.12% |
| 2026-01-27 | 41.12% |
| 2026-01-26 | 41.12% |
| 2026-01-23 | 41.12% |
| 2026-01-22 | 41.13% |
| 2026-01-21 | 41.12% |
| 2026-01-20 | 41.12% |
| 2026-01-16 | 41.13% |
| 2026-01-15 | 41.12% |
| 2026-01-14 | 41.12% |
| 2026-01-13 | 41.13% |
| 2026-01-12 | 41.13% |
| 2026-01-09 | 41.12% |
| 2026-01-08 | 41.13% |
| 2026-01-07 | 41.13% |
| 2026-01-06 | 41.13% |
| 2026-01-05 | 41.12% |
| 2026-01-02 | 41.13% |
| 2025-12-31 | 41.12% |
| 2025-12-30 | 41.14% |
| 2025-12-29 | 41.13% |
| 2025-12-26 | 41.12% |
| 2025-12-24 | 41.12% |
| 2025-12-23 | 41.13% |
| 2025-12-22 | 41.12% |
| 2025-12-19 | 41.13% |
| 2025-12-18 | 41.13% |
| 2025-12-17 | 41.14% |
| 2025-12-16 | 41.12% |
| 2025-12-15 | 41.13% |
| 2025-12-12 | 41.13% |
| 2025-12-11 | 41.13% |
| 2025-12-10 | 41.12% |
| 2025-12-09 | 41.12% |
| 2025-12-08 | 41.12% |
| 2025-12-05 | 41.13% |
| 2025-12-04 | 41.13% |
| 2025-12-03 | 41.13% |
| 2025-12-02 | 41.14% |
| 2025-12-01 | 41.12% |
| 2025-11-28 | 41.13% |
| 2025-11-26 | 41.13% |
| 2025-11-25 | 41.12% |
| 2025-11-24 | 41.12% |
| 2025-11-21 | 41.12% |
| 2025-11-20 | 41.13% |
| 2025-11-19 | 41.13% |
| 2025-11-18 | 41.12% |
| 2025-11-17 | 41.13% |
| 2025-11-14 | 41.13% |
| 2025-11-13 | 41.12% |
| 2025-11-12 | 41.13% |
| 2025-11-11 | 41.12% |
| 2025-11-10 | 41.13% |
| 2025-11-07 | 41.13% |
| 2025-11-06 | 41.12% |
| 2025-11-05 | 41.13% |
| 2025-11-04 | 41.12% |
| 2025-11-03 | 41.13% |
| 2025-10-31 | 41.13% |
| 2025-10-30 | 41.12% |
| 2025-10-29 | 41.12% |
| 2025-10-28 | 41.13% |
| 2025-10-27 | 41.13% |
| 2025-10-24 | 41.13% |
| 2025-10-23 | 41.12% |
| 2025-10-22 | 41.13% |
| 2025-10-21 | 41.13% |
| 2025-10-20 | 41.13% |
| 2025-10-17 | 41.12% |
| 2025-10-16 | 41.13% |
| 2025-10-15 | 41.12% |
| 2025-10-14 | 41.12% |
| 2025-10-13 | 41.12% |
| 2025-10-10 | 41.12% |
| 2025-10-09 | 41.13% |
| 2025-10-08 | 41.13% |
| 2025-10-07 | 41.12% |
| 2025-10-06 | 41.12% |
| 2025-10-03 | 50.90% |
| 2025-10-02 | 50.90% |
| 2025-10-01 | 40.12% |
| 2025-09-30 | 40.10% |
| 2025-09-29 | 40.11% |
| 2025-09-26 | 40.11% |
| 2025-09-25 | 40.11% |
| 2025-09-24 | 40.11% |
| 2025-09-23 | 40.11% |
| 2025-09-22 | 40.11% |
| 2025-09-19 | 40.10% |
| 2025-09-18 | 40.11% |
| 2025-09-17 | 40.11% |
| 2025-09-16 | 40.11% |
| 2025-09-15 | 40.10% |
| 2025-09-12 | 40.10% |
| 2025-09-11 | 40.12% |
| 2025-09-10 | 40.10% |
| 2025-09-09 | 40.11% |
| 2025-09-08 | 40.12% |
| 2025-09-05 | 40.11% |
| 2025-09-04 | 40.10% |
| 2025-09-03 | 40.10% |
| 2025-09-02 | 40.10% |
| 2025-08-29 | 40.11% |
| 2025-08-28 | 40.10% |
| 2025-08-27 | 40.10% |
| 2025-08-26 | 40.11% |
| 2025-08-25 | 40.11% |
| 2025-08-22 | 40.11% |
| 2025-08-21 | 40.10% |
| 2025-08-20 | 40.10% |
| 2025-08-19 | 40.11% |
| 2025-08-18 | 40.11% |
| 2025-08-15 | 40.12% |
| 2025-08-14 | 40.11% |
| 2025-08-13 | 40.10% |
| 2025-08-12 | 40.11% |
| 2025-08-11 | 40.10% |
| 2025-08-08 | 40.11% |
| 2025-08-07 | 40.11% |
| 2025-08-06 | 40.11% |
| 2025-08-05 | 40.11% |
| 2025-08-04 | 40.11% |
| 2025-08-01 | 40.10% |
| 2025-07-31 | 40.10% |
| 2025-07-30 | 40.11% |
| 2025-07-29 | 40.11% |
| 2025-07-28 | 40.10% |
| 2025-07-25 | 40.11% |
| 2025-07-24 | 49.88% |
| 2025-07-23 | 39.10% |
| 2025-07-22 | 39.10% |
| 2025-07-21 | 39.09% |
Showing the most recent 260 of 2,592 data points. The chart above shows the full history.
| 46.2% |
| 2019 | $3.44 | $1.74 | 50.6% |
| 2018 | $3.26 | $1.58 | 48.5% |
| 2017 | $2.91 | $1.43 | 49.1% |
| 2016 | $3.41 | $1.30 | 38.1% |
| 2015 | $3.01 | $1.18 | 39.2% |
| 2014 | $2.69 | $1.06 | 39.4% |
| 2013 | $2.47 | $0.96 | 38.9% |
| 2012 | $2.16 | $0.90 | 41.7% |
| 2011 | $1.83 | $0.86 | 47.0% |
| 2010 | $1.58 | $0.81 | 51.3% |
| 2009 | $0.46 | $0.80 | 173.9% |
| 2008 | ($0.14) | $0.80 | N/A (Loss) |
| 2007 | $4.59 | $0.76 | 16.6% |
| 2006 | $1.80 | $0.68 | 37.8% |
| 2005 | $0.75 | $0.68 | 90.7% |
| 2004 | $0.33 | $0.99 | 300.0% |
| 2003 | $2.89 | $1.49 | 51.6% |
| 2002 | $2.52 | $1.09 | 43.3% |
| 2001 | $1.77 | $1.03 | 58.2% |
| 2000 | $2.17 | $0.95 | 43.8% |
| 1999 | $1.38 | $0.85 | 61.6% |
| 1998 | $1.55 | $0.73 | 47.3% |
| 1997 | $0.81 | $0.63 | 78.2% |
| 1996 | $1.06 | $0.55 | 51.9% |
