Basis: Latest reported fiscal year. 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 11.45% is 27% below its 5-year average of 15.64%, around the middle of its 5-year range (1.47%–31.93%).
As of the fiscal period ended Wednesday, December 31, 2025. 21.43% below its 12-month average of 14.58%.
Dividend Payout Ratio (11.45%) = TTM Dividends/Share ($1.22) / TTM EPS ($10.67)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted.
DIVIDEND PAYOUT RATIO
11.45%
DIVIDEND PAYOUT RATIO AVG TTM
14.58%
DIVIDEND PAYOUT RATIO AVG 3Y
14.58%
DIVIDEND PAYOUT RATIO AVG 5Y
15.64%
DIVIDEND PAYOUT RATIO AVG 10Y
22.31%
DIVIDEND PAYOUT RATIO AVG 15Y
27.40%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-21.43%
CURRENT VS 3Y AVG
-21.43%
CURRENT VS 5Y AVG
-26.76%
CURRENT VS 10Y AVG
-48.68%
CURRENT VS 15Y AVG
-58.20%
CURRENT VS 20Y AVG
N/A
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $10.67 | $1.22 | 11.5% |
| 2024 | $6.10 | $1.08 | 17.7% |
| 2023 | ($1.05) | $1.74 | N/A (Loss) |
| 2022 | $3.32 | $1.11 | 33.4% |
| 2021 | $2.37 | $0.76 | 31.9% |
| 2020 | $1.60 | $0.02 | 1.5% |
| 2019 | $5.18 | $1.61 | 31.1% |
| 2018 | $4.88 | $1.42 | 29.2% |
| 2017 | $4.08 | $1.03 | 25.4% |
| 2016 | $3.20 | $0.96 | 30.0% |
| 2015 | $2.31 | $0.77 | 33.4% |
| 2014 | $2.32 | $0.93 | 40.0% |
| 2013 | $2.26 | $0.88 | 39.0% |
| 2012 | $2.28 | $0.78 | 34.2% |
| 2011 | $2.11 | $0.79 | 37.2% |
| 2010 | $1.96 | $0.62 | 31.6% |
| 2009 | $2.08 | $0.65 | 31.1% |
| 2008 | $2.54 | $0.00 | 0.0% |
| 2007 | $2.16 | $0.00 | 0.0% |
| 2006 | $1.08 | $0.00 | 0.0% |
| 2005 | $0.36 | $0.00 | 0.0% |
| 2004 | $0.00 | $0.00 | 0.0% |
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 |
|---|---|
| 2025-12-31 | 11.45% |
| 2024-12-31 | 17.70% |
| 2021-12-31 | 31.93% |
| 2020-12-31 | 1.47% |
| 2019-12-31 | 31.12% |
| 2018-12-31 | 29.16% |
| 2015-12-31 | 33.37% |
| 2014-12-31 | 40.04% |
| 2013-12-31 | 39.21% |
| 2012-12-31 | 34.25% |
| 2010-12-31 | 31.69% |
| 2009-12-31 | 31.18% |
