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 31.65% is 10% below its 5-year average of 35.34%, near the low end of its 5-year range (26.37%–45.30%).
As of Friday, September 11, 2026. 7.18% below its 12-month average of 34.10%.
Dividend Payout Ratio (31.65%) = TTM Dividends/Share ($6.00) / TTM EPS ($18.96)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
31.65%
DIVIDEND PAYOUT RATIO AVG TTM
34.10%
DIVIDEND PAYOUT RATIO AVG 3Y
34.75%
DIVIDEND PAYOUT RATIO AVG 5Y
35.34%
DIVIDEND PAYOUT RATIO AVG 10Y
35.05%
DIVIDEND PAYOUT RATIO AVG 15Y
36.30%
DIVIDEND PAYOUT RATIO AVG 20Y
37.35%
CURRENT VS TTM AVG
-7.18%
CURRENT VS 3Y AVG
-8.92%
CURRENT VS 5Y AVG
-10.45%
CURRENT VS 10Y AVG
-9.70%
CURRENT VS 15Y AVG
-12.83%
CURRENT VS 20Y AVG
-15.27%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $17.00 | $5.70 | 33.5% |
| 2024-12-31 | $14.71 | $5.35 | 36.4% |
| 2023-12-31 | $15.85 | $5.20 | 32.8% |
| 2022-12-31 | $11.59 | $4.80 | 41.4% |
| 2021-12-31 | $13.81 | $4.50 | 32.6% |
| 2020-12-31 | $9.94 |
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 |
|---|---|
| 2026-09-11 | 31.65% |
| 2026-09-10 | 31.65% |
| 2026-09-09 | 31.64% |
| 2026-09-08 | 31.66% |
| 2026-09-04 | 31.65% |
| 2026-09-03 | 31.64% |
| 2026-09-02 | 31.65% |
| 2026-09-01 | 39.57% |
| 2026-08-31 | 31.65% |
| 2026-08-28 | 31.66% |
| 2026-08-27 | 31.65% |
| 2026-08-26 | 31.65% |
| 2026-08-25 | 31.65% |
| 2026-08-24 | 31.64% |
| 2026-08-21 | 31.66% |
| 2026-08-20 | 31.66% |
| 2026-08-19 | 31.65% |
| 2026-08-18 | 31.63% |
| 2026-08-17 | 31.65% |
| 2026-08-14 | 31.64% |
| 2026-08-13 | 31.65% |
| 2026-08-12 | 31.64% |
| 2026-08-11 | 31.65% |
| 2026-08-10 | 31.66% |
| 2026-08-07 | 31.65% |
| 2026-08-06 | 31.64% |
| 2026-08-05 | 31.65% |
| 2026-08-04 | 33.38% |
| 2026-08-03 | 33.38% |
| 2026-07-31 | 33.40% |
| 2026-07-30 | 33.40% |
| 2026-07-29 | 33.39% |
| 2026-07-28 | 33.40% |
| 2026-07-27 | 33.40% |
| 2026-07-24 | 33.39% |
| 2026-07-23 | 33.39% |
| 2026-07-22 | 33.38% |
| 2026-07-21 | 33.39% |
| 2026-07-20 | 33.39% |
| 2026-07-17 | 33.39% |
| 2026-07-16 | 33.40% |
| 2026-07-15 | 33.39% |
| 2026-07-14 | 33.39% |
| 2026-07-13 | 33.40% |
| 2026-07-10 | 33.40% |
| 2026-07-09 | 33.39% |
| 2026-07-08 | 33.40% |
| 2026-07-07 | 33.38% |
| 2026-07-06 | 33.39% |
| 2026-07-02 | 33.38% |
| 2026-07-01 | 33.38% |
| 2026-06-30 | 33.38% |
| 2026-06-29 | 33.39% |
| 2026-06-26 | 33.38% |
| 2026-06-25 | 33.40% |
| 2026-06-24 | 33.39% |
| 2026-06-23 | 33.39% |
| 2026-06-22 | 33.38% |
| 2026-06-18 | 33.40% |
| 2026-06-17 | 33.39% |
| 2026-06-16 | 33.40% |
| 2026-06-15 | 33.38% |
| 2026-06-12 | 33.38% |
| 2026-06-11 | 33.39% |
| 2026-06-10 | 33.39% |
| 2026-06-09 | 33.38% |
| 2026-06-08 | 33.39% |
| 2026-06-05 | 33.39% |
| 2026-06-04 | 33.39% |
| 2026-06-03 | 33.39% |
| 2026-06-02 | 33.38% |
| 2026-06-01 | 40.91% |
| 2026-05-29 | 32.56% |
| 2026-05-28 | 32.57% |
| 2026-05-27 | 32.55% |
| 2026-05-26 | 32.56% |
| 2026-05-22 | 32.55% |
| 2026-05-21 | 32.57% |
| 2026-05-20 | 32.56% |
| 2026-05-19 | 32.54% |
| 2026-05-18 | 32.56% |
| 2026-05-15 | 32.55% |
| 2026-05-14 | 32.56% |
| 2026-05-13 | 32.56% |
| 2026-05-12 | 32.56% |
| 2026-05-11 | 32.54% |
| 2026-05-08 | 32.57% |
| 2026-05-07 | 32.54% |
| 2026-05-06 | 32.56% |
| 2026-05-05 | 34.32% |
| 2026-05-04 | 34.32% |
| 2026-05-01 | 34.30% |
| 2026-04-30 | 34.30% |
| 2026-04-29 | 34.31% |
| 2026-04-28 | 34.32% |
| 2026-04-27 | 34.31% |
| 2026-04-24 | 34.32% |
| 2026-04-23 | 34.32% |
| 2026-04-22 | 34.31% |
| 2026-04-21 | 34.31% |
| 2026-04-20 | 34.30% |
| 2026-04-17 | 34.30% |
| 2026-04-16 | 34.30% |
| 2026-04-15 | 34.30% |
| 2026-04-14 | 34.30% |
| 2026-04-13 | 34.31% |
| 2026-04-10 | 34.31% |
| 2026-04-09 | 34.31% |
| 2026-04-08 | 34.32% |
| 2026-04-07 | 34.31% |
| 2026-04-06 | 34.32% |
| 2026-04-02 | 34.32% |
| 2026-04-01 | 34.32% |
| 2026-03-31 | 34.30% |
| 2026-03-30 | 34.32% |
| 2026-03-27 | 34.30% |
| 2026-03-26 | 34.32% |
| 2026-03-25 | 34.31% |
| 2026-03-24 | 34.31% |
| 2026-03-23 | 34.31% |
| 2026-03-20 | 34.31% |
| 2026-03-19 | 34.31% |
| 2026-03-18 | 34.32% |
| 2026-03-17 | 34.32% |
| 2026-03-16 | 34.30% |
| 2026-03-13 | 34.31% |
| 2026-03-12 | 34.30% |
| 2026-03-11 | 34.32% |
| 2026-03-10 | 34.31% |
| 2026-03-09 | 34.32% |
| 2026-03-06 | 34.30% |
| 2026-03-05 | 34.32% |
| 2026-03-04 | 34.31% |
| 2026-03-03 | 34.30% |
| 2026-03-02 | 42.22% |
| 2026-02-27 | 33.44% |
| 2026-02-26 | 33.44% |
| 2026-02-25 | 33.43% |
| 2026-02-24 | 33.44% |
| 2026-02-23 | 33.44% |
| 2026-02-20 | 33.44% |
| 2026-02-19 | 33.44% |
| 2026-02-18 | 35.10% |
| 2026-02-17 | 35.09% |
| 2026-02-13 | 35.09% |
| 2026-02-12 | 35.10% |
| 2026-02-11 | 35.09% |
| 2026-02-10 | 35.09% |
| 2026-02-09 | 35.10% |
| 2026-02-06 | 35.11% |
| 2026-02-05 | 35.11% |
| 2026-02-04 | 35.09% |
| 2026-02-03 | 35.11% |
| 2026-02-02 | 35.10% |
| 2026-01-30 | 35.09% |
| 2026-01-29 | 35.11% |
| 2026-01-28 | 35.11% |
| 2026-01-27 | 35.09% |
| 2026-01-26 | 35.09% |
| 2026-01-23 | 35.11% |
| 2026-01-22 | 35.10% |
| 2026-01-21 | 35.11% |
| 2026-01-20 | 35.11% |
| 2026-01-16 | 35.09% |
| 2026-01-15 | 35.10% |
| 2026-01-14 | 35.10% |
| 2026-01-13 | 35.10% |
| 2026-01-12 | 35.11% |
| 2026-01-09 | 35.09% |
| 2026-01-08 | 35.09% |
| 2026-01-07 | 35.09% |
| 2026-01-06 | 35.09% |
| 2026-01-05 | 35.11% |
| 2026-01-02 | 35.09% |
| 2025-12-31 | 35.11% |
| 2025-12-30 | 35.09% |
| 2025-12-29 | 35.09% |
| 2025-12-26 | 35.09% |
| 2025-12-24 | 35.10% |
| 2025-12-23 | 35.10% |
| 2025-12-22 | 35.11% |
| 2025-12-19 | 35.09% |
| 2025-12-18 | 35.10% |
| 2025-12-17 | 35.09% |
| 2025-12-16 | 35.11% |
| 2025-12-15 | 35.11% |
| 2025-12-12 | 35.09% |
| 2025-12-11 | 35.10% |
| 2025-12-10 | 35.10% |
| 2025-12-09 | 35.10% |
| 2025-12-08 | 35.09% |
| 2025-12-05 | 35.09% |
| 2025-12-04 | 35.09% |
| 2025-12-03 | 35.11% |
| 2025-12-02 | 35.10% |
| 2025-12-01 | 43.40% |
| 2025-11-28 | 34.17% |
| 2025-11-26 | 34.16% |
| 2025-11-25 | 34.18% |
| 2025-11-24 | 34.17% |
| 2025-11-21 | 34.17% |
| 2025-11-20 | 34.17% |
| 2025-11-19 | 34.19% |
| 2025-11-18 | 34.17% |
| 2025-11-17 | 34.18% |
| 2025-11-14 | 34.17% |
| 2025-11-13 | 34.18% |
| 2025-11-12 | 34.19% |
| 2025-11-11 | 34.17% |
| 2025-11-10 | 34.17% |
| 2025-11-07 | 34.16% |
| 2025-11-06 | 34.18% |
| 2025-11-05 | 34.17% |
| 2025-11-04 | 34.18% |
| 2025-11-03 | 34.17% |
| 2025-10-31 | 34.17% |
| 2025-10-30 | 34.19% |
| 2025-10-29 | 34.19% |
| 2025-10-28 | 34.17% |
| 2025-10-27 | 35.95% |
| 2025-10-24 | 35.96% |
| 2025-10-23 | 35.95% |
| 2025-10-22 | 35.96% |
| 2025-10-21 | 35.95% |
| 2025-10-20 | 35.94% |
| 2025-10-17 | 35.94% |
| 2025-10-16 | 35.95% |
| 2025-10-15 | 35.93% |
| 2025-10-14 | 35.93% |
| 2025-10-13 | 35.94% |
| 2025-10-10 | 35.94% |
| 2025-10-09 | 35.95% |
| 2025-10-08 | 35.94% |
| 2025-10-07 | 35.95% |
| 2025-10-06 | 35.96% |
| 2025-10-03 | 35.94% |
| 2025-10-02 | 35.94% |
| 2025-10-01 | 35.95% |
| 2025-09-30 | 35.95% |
| 2025-09-29 | 35.94% |
| 2025-09-26 | 35.94% |
| 2025-09-25 | 35.96% |
| 2025-09-24 | 35.95% |
| 2025-09-23 | 35.93% |
| 2025-09-22 | 35.94% |
| 2025-09-19 | 35.93% |
| 2025-09-18 | 35.94% |
| 2025-09-17 | 35.94% |
| 2025-09-16 | 35.95% |
| 2025-09-15 | 35.94% |
| 2025-09-12 | 35.96% |
| 2025-09-11 | 35.94% |
| 2025-09-10 | 35.93% |
| 2025-09-09 | 35.94% |
| 2025-09-08 | 35.94% |
| 2025-09-05 | 35.96% |
| 2025-09-04 | 35.96% |
| 2025-09-03 | 35.94% |
| 2025-09-02 | 44.70% |
| 2025-08-29 | 34.97% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $4.40 |
| 44.3% |
| 2019-12-31 | $13.76 | $4.10 | 29.8% |
| 2018-12-31 | $12.75 | $3.55 | 27.8% |
| 2017-12-31 | $8.72 | $3.00 | 34.4% |
| 2016-12-31 | $7.80 | $2.80 | 35.9% |
| 2015-12-31 | $7.22 | $2.80 | 38.8% |
| 2014-12-31 | $7.47 | $2.80 | 37.5% |
| 2013-12-31 | $8.26 | $2.80 | 33.9% |
| 2012-12-31 | $7.57 | $2.80 | 37.0% |
| 2011-12-31 | $6.37 | $2.80 | 44.0% |
| 2010-12-31 | $5.72 | $2.80 | 49.0% |
| 2009-12-31 | $2.90 | $2.80 | 96.6% |
| 2008-12-31 | $5.04 | $2.80 | 55.6% |
| 2007-12-31 | $6.05 | $2.60 | 43.0% |
| 2006-12-31 | $7.55 | $2.25 | 29.8% |
| 2005-12-31 | $6.88 | $1.75 | 25.4% |
| 2004-12-31 | $6.14 | $1.60 | 26.1% |
| 2003-12-31 | $5.08 | $1.20 | 23.6% |
| 2002-12-31 | $4.94 | $1.05 | 21.3% |
| 2001-12-31 | $3.95 | $1.00 | 25.3% |
| 2000-12-31 | $3.55 | $0.63 | 17.6% |
| 1999-12-31 | $3.41 | $0.45 | 13.2% |
| 1998-12-31 | $2.73 | $0.38 | 13.9% |
| 1997-12-31 | $2.66 | $0.32 | 12.0% |
| 1996-12-31 | $2.25 | $0.28 | 12.4% |
