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 32.65% is 14% below its 5-year average of 38.10%, near the low end of its 5-year range (24.78%–56.29%).
As of Saturday, August 1, 2026. 8.96% below its 12-month average of 35.87%.
Dividend Payout Ratio (32.65%) = TTM Dividends/Share ($1.12) / TTM EPS ($3.43)
DIVIDEND PAYOUT RATIO
32.65%
DIVIDEND PAYOUT RATIO AVG TTM
35.87%
DIVIDEND PAYOUT RATIO AVG 3Y
40.87%
DIVIDEND PAYOUT RATIO AVG 5Y
36.79%
DIVIDEND PAYOUT RATIO AVG 10Y
40.00%
DIVIDEND PAYOUT RATIO AVG 15Y
36.56%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-8.96%
CURRENT VS 3Y AVG
-20.11%
CURRENT VS 5Y AVG
-11.26%
CURRENT VS 10Y AVG
-18.36%
CURRENT VS 15Y AVG
-10.68%
CURRENT VS 20Y AVG
N/A
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.13 | $1.05 | 33.5% |
| 2024 | $1.94 | $0.94 | 48.5% |
| 2023 | $2.10 | $0.86 | 41.0% |
| 2022 | $2.28 | $0.78 | 34.2% |
| 2021 | $2.38 | $0.70 | 29.6% |
| 2020 | $1.89 | $0.65 |
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 | 32.65% |
| 2026-07-30 | 32.65% |
| 2026-07-29 | 32.66% |
| 2026-07-28 | 32.66% |
| 2026-07-27 | 32.66% |
| 2026-07-24 | 32.66% |
| 2026-07-23 | 32.65% |
| 2026-07-22 | 33.74% |
| 2026-07-21 | 33.73% |
| 2026-07-20 | 33.73% |
| 2026-07-17 | 33.73% |
| 2026-07-16 | 33.74% |
| 2026-07-15 | 33.74% |
| 2026-07-14 | 33.74% |
| 2026-07-13 | 33.73% |
| 2026-07-10 | 33.73% |
| 2026-07-09 | 33.73% |
| 2026-07-08 | 33.74% |
| 2026-07-07 | 33.73% |
| 2026-07-06 | 33.73% |
| 2026-07-02 | 33.73% |
| 2026-07-01 | 33.74% |
| 2026-06-30 | 33.73% |
| 2026-06-29 | 33.74% |
| 2026-06-26 | 33.73% |
| 2026-06-25 | 33.74% |
| 2026-06-24 | 33.73% |
| 2026-06-23 | 33.74% |
| 2026-06-22 | 33.73% |
| 2026-06-18 | 33.73% |
| 2026-06-17 | 33.74% |
| 2026-06-16 | 33.73% |
| 2026-06-15 | 33.73% |
| 2026-06-12 | 41.87% |
| 2026-06-11 | 32.53% |
| 2026-06-10 | 32.53% |
| 2026-06-09 | 32.53% |
| 2026-06-08 | 32.53% |
| 2026-06-05 | 32.53% |
| 2026-06-04 | 32.53% |
| 2026-06-03 | 32.53% |
| 2026-06-02 | 32.53% |
| 2026-06-01 | 32.52% |
| 2026-05-29 | 32.53% |
| 2026-05-28 | 32.53% |
| 2026-05-27 | 32.53% |
| 2026-05-26 | 32.53% |
| 2026-05-22 | 32.53% |
| 2026-05-21 | 32.53% |
| 2026-05-20 | 32.53% |
| 2026-05-19 | 32.52% |
| 2026-05-18 | 32.53% |
| 2026-05-15 | 32.53% |
| 2026-05-14 | 32.53% |
| 2026-05-13 | 32.53% |
| 2026-05-12 | 32.52% |
| 2026-05-11 | 32.53% |
| 2026-05-08 | 32.53% |
| 2026-05-07 | 32.53% |
| 2026-05-06 | 32.53% |
| 2026-05-05 | 32.53% |
| 2026-05-04 | 32.53% |
| 2026-05-01 | 32.53% |
| 2026-04-30 | 32.53% |
| 2026-04-29 | 32.53% |
| 2026-04-28 | 32.53% |
| 2026-04-27 | 32.53% |
| 2026-04-24 | 32.53% |
| 2026-04-23 | 34.95% |
| 2026-04-22 | 34.95% |
| 2026-04-21 | 34.95% |
| 2026-04-20 | 34.95% |
| 2026-04-17 | 34.96% |
| 2026-04-16 | 34.95% |
| 2026-04-15 | 34.96% |
| 2026-04-14 | 34.95% |
| 2026-04-13 | 34.95% |
| 2026-04-10 | 34.95% |
| 2026-04-09 | 34.95% |
| 2026-04-08 | 34.95% |
| 2026-04-07 | 34.95% |
| 2026-04-06 | 34.96% |
| 2026-04-02 | 34.95% |
| 2026-04-01 | 34.96% |
| 2026-03-31 | 34.95% |
| 2026-03-30 | 34.95% |
| 2026-03-27 | 34.95% |
| 2026-03-26 | 34.95% |
| 2026-03-25 | 34.95% |
| 2026-03-24 | 34.96% |
| 2026-03-23 | 34.95% |
| 2026-03-20 | 34.95% |
| 2026-03-19 | 34.95% |
| 2026-03-18 | 34.95% |
| 2026-03-17 | 34.95% |
| 2026-03-16 | 34.95% |
| 2026-03-13 | 33.98% |
| 2026-03-12 | 33.98% |
| 2026-03-11 | 33.98% |
| 2026-03-10 | 33.98% |
| 2026-03-09 | 33.99% |
| 2026-03-06 | 33.98% |
| 2026-03-05 | 33.98% |
| 2026-03-04 | 33.98% |
| 2026-03-03 | 33.98% |
| 2026-03-02 | 33.98% |
| 2026-02-27 | 33.98% |
| 2026-02-26 | 33.98% |
| 2026-02-25 | 33.98% |
| 2026-02-24 | 33.98% |
| 2026-02-23 | 33.98% |
| 2026-02-20 | 33.99% |
| 2026-02-19 | 33.99% |
| 2026-02-18 | 33.98% |
| 2026-02-17 | 33.98% |
| 2026-02-13 | 33.98% |
| 2026-02-12 | 33.98% |
| 2026-02-11 | 37.50% |
| 2026-02-10 | 37.50% |
| 2026-02-09 | 37.50% |
| 2026-02-06 | 37.50% |
| 2026-02-05 | 37.50% |
| 2026-02-04 | 37.50% |
| 2026-02-03 | 37.49% |
| 2026-02-02 | 37.49% |
| 2026-01-30 | 37.50% |
| 2026-01-29 | 37.50% |
| 2026-01-28 | 37.50% |
| 2026-01-27 | 37.50% |
| 2026-01-26 | 37.50% |
| 2026-01-23 | 37.50% |
| 2026-01-22 | 37.50% |
| 2026-01-21 | 37.50% |
| 2026-01-20 | 37.50% |
| 2026-01-16 | 37.50% |
| 2026-01-15 | 37.50% |
| 2026-01-14 | 37.50% |
| 2026-01-13 | 37.50% |
| 2026-01-12 | 37.50% |
| 2026-01-09 | 37.50% |
| 2026-01-08 | 37.50% |
| 2026-01-07 | 37.50% |
| 2026-01-06 | 37.50% |
| 2026-01-05 | 37.50% |
| 2026-01-02 | 37.50% |
| 2025-12-31 | 37.50% |
| 2025-12-30 | 37.50% |
| 2025-12-29 | 37.50% |
| 2025-12-26 | 37.50% |
| 2025-12-24 | 37.50% |
| 2025-12-23 | 37.50% |
| 2025-12-22 | 37.50% |
| 2025-12-19 | 37.50% |
| 2025-12-18 | 37.49% |
| 2025-12-17 | 37.50% |
| 2025-12-16 | 37.50% |
| 2025-12-15 | 37.50% |
| 2025-12-12 | 37.50% |
| 2025-12-11 | 37.50% |
| 2025-12-10 | 37.50% |
| 2025-12-09 | 37.50% |
| 2025-12-08 | 37.50% |
| 2025-12-05 | 46.07% |
| 2025-12-04 | 36.43% |
| 2025-12-03 | 36.43% |
| 2025-12-02 | 36.43% |
| 2025-12-01 | 36.42% |
| 2025-11-28 | 36.43% |
| 2025-11-26 | 36.43% |
| 2025-11-25 | 36.43% |
| 2025-11-24 | 36.43% |
| 2025-11-21 | 36.43% |
| 2025-11-20 | 36.43% |
| 2025-11-19 | 36.43% |
| 2025-11-18 | 36.43% |
| 2025-11-17 | 36.43% |
| 2025-11-14 | 36.43% |
| 2025-11-13 | 36.43% |
| 2025-11-12 | 36.42% |
| 2025-11-11 | 36.43% |
| 2025-11-10 | 36.42% |
| 2025-11-07 | 36.43% |
| 2025-11-06 | 36.43% |
| 2025-11-05 | 36.43% |
| 2025-11-04 | 36.43% |
| 2025-11-03 | 36.42% |
| 2025-10-31 | 36.43% |
| 2025-10-30 | 36.43% |
| 2025-10-29 | 36.43% |
| 2025-10-28 | 36.42% |
| 2025-10-27 | 36.43% |
| 2025-10-24 | 36.43% |
| 2025-10-23 | 36.43% |
| 2025-10-22 | 39.23% |
| 2025-10-21 | 39.23% |
| 2025-10-20 | 39.23% |
| 2025-10-17 | 39.23% |
| 2025-10-16 | 39.23% |
| 2025-10-15 | 39.23% |
| 2025-10-14 | 39.23% |
| 2025-10-13 | 39.23% |
| 2025-10-10 | 39.23% |
| 2025-10-09 | 39.23% |
| 2025-10-08 | 39.24% |
| 2025-10-07 | 39.24% |
| 2025-10-06 | 39.23% |
| 2025-10-03 | 39.24% |
| 2025-10-02 | 39.23% |
| 2025-10-01 | 39.23% |
| 2025-09-30 | 39.23% |
| 2025-09-29 | 39.23% |
| 2025-09-26 | 39.23% |
| 2025-09-25 | 39.23% |
| 2025-09-24 | 39.23% |
| 2025-09-23 | 39.24% |
| 2025-09-22 | 39.23% |
| 2025-09-19 | 39.23% |
| 2025-09-18 | 39.23% |
| 2025-09-17 | 39.23% |
| 2025-09-16 | 39.23% |
| 2025-09-15 | 39.24% |
| 2025-09-12 | 48.46% |
| 2025-09-11 | 38.08% |
| 2025-09-10 | 38.08% |
| 2025-09-09 | 38.07% |
| 2025-09-08 | 38.07% |
| 2025-09-05 | 38.07% |
| 2025-09-04 | 38.08% |
| 2025-09-03 | 38.08% |
| 2025-09-02 | 38.08% |
| 2025-08-29 | 38.08% |
| 2025-08-28 | 38.08% |
| 2025-08-27 | 38.08% |
| 2025-08-26 | 38.08% |
| 2025-08-25 | 38.08% |
| 2025-08-22 | 38.07% |
| 2025-08-21 | 38.08% |
| 2025-08-20 | 38.08% |
| 2025-08-19 | 38.08% |
| 2025-08-18 | 38.07% |
| 2025-08-15 | 38.08% |
| 2025-08-14 | 38.07% |
| 2025-08-13 | 38.08% |
| 2025-08-12 | 38.07% |
| 2025-08-11 | 38.07% |
| 2025-08-08 | 38.08% |
| 2025-08-07 | 38.08% |
| 2025-08-06 | 38.08% |
| 2025-08-05 | 38.07% |
| 2025-08-04 | 38.07% |
| 2025-08-01 | 38.07% |
| 2025-07-31 | 38.08% |
| 2025-07-30 | 38.08% |
| 2025-07-29 | 38.08% |
| 2025-07-28 | 38.07% |
| 2025-07-25 | 38.08% |
| 2025-07-24 | 45.00% |
| 2025-07-23 | 45.00% |
| 2025-07-22 | 45.00% |
| 2025-07-21 | 45.00% |
Showing the most recent 260 of 1,914 data points. The chart above shows the full history.
| 34.2% |
| 2019 | $1.56 | $0.62 | 39.5% |
| 2018 | $0.92 | $0.57 | 61.6% |
| 2017 | $1.47 | $0.49 | 33.1% |
| 2016 | $0.22 | $0.40 | 183.3% |
| 2015 | $0.85 | $0.30 | 35.3% |
| 2014 | $0.82 | $0.19 | 23.6% |
| 2013 | $0.77 | $0.17 | 22.5% |
| 2012 | $0.70 | $0.13 | 18.6% |
| 2011 | $0.73 | $0.00 | 0.0% |
| 2010 | $0.65 | $0.00 | 0.0% |
| 2009 | $0.43 | $0.00 | 0.0% |
| 2008 | $0.55 | $0.00 | 0.0% |
| 2007 | $1.49 | $0.00 | 0.0% |
| 2006 | $0.41 | $0.00 | 0.0% |
| 2005 | $0.16 | $0.00 | 0.0% |
| 2004 | $0.03 | $0.00 | 0.0% |
| 2003 | ($0.45) | $0.00 | N/A (Loss) |
| 2002 | $0.13 | $0.00 | 0.0% |
| 2001 | $0.12 | $0.00 | 0.0% |
| 2000 | $0.07 | $0.00 | 0.0% |
| 1999 | $0.29 | $0.00 | 0.0% |
| 1998 | $0.12 | $0.00 | 0.0% |
