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 34.38% is in line with its 5-year average of 32.09%, around the middle of its 5-year range (22.66%–50.07%).
As of Friday, September 11, 2026. 6.96% below its 12-month average of 36.95%.
Dividend Payout Ratio (34.38%) = TTM Dividends/Share ($3.40) / TTM EPS ($9.89)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
34.38%
DIVIDEND PAYOUT RATIO AVG TTM
36.95%
DIVIDEND PAYOUT RATIO AVG 3Y
35.09%
DIVIDEND PAYOUT RATIO AVG 5Y
32.09%
DIVIDEND PAYOUT RATIO AVG 10Y
28.79%
DIVIDEND PAYOUT RATIO AVG 15Y
25.95%
DIVIDEND PAYOUT RATIO AVG 20Y
25.35%
CURRENT VS TTM AVG
-6.96%
CURRENT VS 3Y AVG
-2.02%
CURRENT VS 5Y AVG
+7.13%
CURRENT VS 10Y AVG
+19.44%
CURRENT VS 15Y AVG
+32.48%
CURRENT VS 20Y AVG
+35.61%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-10-31 | $8.56 | $3.16 | 36.9% |
| 2024-10-31 | $8.17 | $2.82 | 34.5% |
| 2023-10-31 | $8.54 | $2.63 | 30.8% |
| 2022-10-31 | $8.90 | $2.18 | 24.5% |
| 2021-10-31 | $7.82 | $1.68 | 21.5% |
| 2020-10-31 | $4.32 |
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 | 34.38% |
| 2026-09-10 | 42.67% |
| 2026-09-09 | 33.16% |
| 2026-09-08 | 33.16% |
| 2026-09-04 | 33.16% |
| 2026-09-03 | 33.16% |
| 2026-09-02 | 33.17% |
| 2026-09-01 | 33.17% |
| 2026-08-31 | 33.16% |
| 2026-08-28 | 33.16% |
| 2026-08-27 | 33.16% |
| 2026-08-26 | 33.16% |
| 2026-08-25 | 33.17% |
| 2026-08-24 | 33.16% |
| 2026-08-21 | 33.16% |
| 2026-08-20 | 35.00% |
| 2026-08-19 | 35.01% |
| 2026-08-18 | 35.01% |
| 2026-08-17 | 35.01% |
| 2026-08-14 | 35.01% |
| 2026-08-13 | 35.00% |
| 2026-08-12 | 35.01% |
| 2026-08-11 | 35.01% |
| 2026-08-10 | 35.00% |
| 2026-08-07 | 35.01% |
| 2026-08-06 | 35.01% |
| 2026-08-05 | 35.01% |
| 2026-08-04 | 35.01% |
| 2026-08-03 | 35.01% |
| 2026-07-31 | 35.01% |
| 2026-07-30 | 35.01% |
| 2026-07-29 | 35.00% |
| 2026-07-28 | 35.01% |
| 2026-07-27 | 35.01% |
| 2026-07-24 | 35.01% |
| 2026-07-23 | 35.00% |
| 2026-07-22 | 35.01% |
| 2026-07-21 | 35.01% |
| 2026-07-20 | 35.00% |
| 2026-07-17 | 35.00% |
| 2026-07-16 | 35.01% |
| 2026-07-15 | 35.00% |
| 2026-07-14 | 35.00% |
| 2026-07-13 | 35.01% |
| 2026-07-10 | 35.01% |
| 2026-07-09 | 35.00% |
| 2026-07-08 | 35.01% |
| 2026-07-07 | 35.01% |
| 2026-07-06 | 35.00% |
| 2026-07-02 | 35.00% |
| 2026-07-01 | 35.00% |
| 2026-06-30 | 35.01% |
| 2026-06-29 | 35.01% |
| 2026-06-26 | 35.00% |
| 2026-06-25 | 35.00% |
| 2026-06-24 | 35.00% |
| 2026-06-23 | 35.00% |
| 2026-06-22 | 35.01% |
| 2026-06-18 | 35.00% |
| 2026-06-17 | 34.57% |
| 2026-06-16 | 34.58% |
| 2026-06-15 | 34.58% |
| 2026-06-12 | 34.58% |
| 2026-06-11 | 34.57% |
| 2026-06-10 | 34.58% |
| 2026-06-09 | 34.57% |
| 2026-06-08 | 34.58% |
| 2026-06-05 | 34.57% |
| 2026-06-04 | 34.57% |
| 2026-06-03 | 34.58% |
| 2026-06-02 | 34.58% |
| 2026-06-01 | 34.58% |
| 2026-05-29 | 34.57% |
| 2026-05-28 | 34.58% |
| 2026-05-27 | 34.58% |
| 2026-05-26 | 34.58% |
| 2026-05-22 | 34.58% |
| 2026-05-21 | 35.02% |
| 2026-05-20 | 35.03% |
| 2026-05-19 | 35.03% |
| 2026-05-18 | 35.03% |
| 2026-05-15 | 35.03% |
| 2026-05-14 | 35.03% |
| 2026-05-13 | 35.02% |
| 2026-05-12 | 35.03% |
| 2026-05-11 | 35.03% |
| 2026-05-08 | 35.02% |
| 2026-05-07 | 35.03% |
| 2026-05-06 | 35.03% |
| 2026-05-05 | 35.03% |
| 2026-05-04 | 35.03% |
| 2026-05-01 | 35.03% |
| 2026-04-30 | 35.02% |
| 2026-04-29 | 35.03% |
| 2026-04-28 | 35.02% |
| 2026-04-27 | 35.03% |
| 2026-04-24 | 35.03% |
| 2026-04-23 | 35.02% |
| 2026-04-22 | 35.03% |
| 2026-04-21 | 35.02% |
| 2026-04-20 | 35.02% |
| 2026-04-17 | 35.02% |
| 2026-04-16 | 35.02% |
| 2026-04-15 | 35.03% |
| 2026-04-14 | 35.02% |
| 2026-04-13 | 35.02% |
| 2026-04-10 | 35.03% |
| 2026-04-09 | 35.02% |
| 2026-04-08 | 35.02% |
| 2026-04-07 | 35.03% |
| 2026-04-06 | 35.03% |
| 2026-04-02 | 35.02% |
| 2026-04-01 | 35.03% |
| 2026-03-31 | 35.02% |
| 2026-03-30 | 35.02% |
| 2026-03-27 | 35.03% |
| 2026-03-26 | 35.02% |
| 2026-03-25 | 35.03% |
| 2026-03-24 | 35.03% |
| 2026-03-23 | 35.02% |
| 2026-03-20 | 35.02% |
| 2026-03-19 | 43.46% |
| 2026-03-18 | 34.59% |
| 2026-03-17 | 34.60% |
| 2026-03-16 | 34.59% |
| 2026-03-13 | 34.60% |
| 2026-03-12 | 34.59% |
| 2026-03-11 | 34.60% |
| 2026-03-10 | 34.60% |
| 2026-03-09 | 34.59% |
| 2026-03-06 | 34.60% |
| 2026-03-05 | 34.59% |
| 2026-03-04 | 34.59% |
| 2026-03-03 | 34.59% |
| 2026-03-02 | 34.60% |
| 2026-02-27 | 34.59% |
| 2026-02-26 | 34.59% |
| 2026-02-25 | 34.59% |
| 2026-02-24 | 34.59% |
| 2026-02-23 | 34.59% |
| 2026-02-20 | 34.59% |
| 2026-02-19 | 37.56% |
| 2026-02-18 | 37.56% |
| 2026-02-17 | 37.56% |
| 2026-02-13 | 37.56% |
| 2026-02-12 | 37.56% |
| 2026-02-11 | 37.56% |
| 2026-02-10 | 37.56% |
| 2026-02-09 | 37.56% |
| 2026-02-06 | 37.56% |
| 2026-02-05 | 37.56% |
| 2026-02-04 | 37.56% |
| 2026-02-03 | 37.56% |
| 2026-02-02 | 37.56% |
| 2026-01-30 | 37.56% |
| 2026-01-29 | 37.56% |
| 2026-01-28 | 37.56% |
| 2026-01-27 | 37.56% |
| 2026-01-26 | 37.55% |
| 2026-01-23 | 37.56% |
| 2026-01-22 | 37.56% |
| 2026-01-21 | 37.55% |
| 2026-01-20 | 37.56% |
| 2026-01-16 | 37.56% |
| 2026-01-15 | 37.55% |
| 2026-01-14 | 37.55% |
| 2026-01-13 | 37.56% |
| 2026-01-12 | 37.56% |
| 2026-01-09 | 37.56% |
| 2026-01-08 | 37.56% |
| 2026-01-07 | 37.56% |
| 2026-01-06 | 37.56% |
| 2026-01-05 | 37.56% |
| 2026-01-02 | 37.56% |
| 2025-12-31 | 46.71% |
| 2025-12-30 | 46.71% |
| 2025-12-29 | 46.72% |
| 2025-12-26 | 46.72% |
| 2025-12-24 | 46.72% |
| 2025-12-23 | 46.71% |
| 2025-12-22 | 46.71% |
| 2025-12-19 | 46.71% |
| 2025-12-18 | 46.71% |
| 2025-12-17 | 50.07% |
| 2025-12-16 | 39.75% |
| 2025-12-15 | 39.75% |
| 2025-12-12 | 39.75% |
| 2025-12-11 | 39.75% |
| 2025-12-10 | 39.75% |
| 2025-12-09 | 39.74% |
| 2025-12-08 | 39.75% |
| 2025-12-05 | 39.74% |
| 2025-12-04 | 39.75% |
| 2025-12-03 | 39.75% |
| 2025-12-02 | 39.75% |
| 2025-12-01 | 39.74% |
| 2025-11-28 | 39.74% |
| 2025-11-26 | 39.75% |
| 2025-11-25 | 39.75% |
| 2025-11-24 | 39.74% |
| 2025-11-21 | 39.75% |
| 2025-11-20 | 39.75% |
| 2025-11-19 | 39.76% |
| 2025-11-18 | 39.74% |
| 2025-11-17 | 39.74% |
| 2025-11-14 | 39.74% |
| 2025-11-13 | 39.75% |
| 2025-11-12 | 39.75% |
| 2025-11-11 | 39.75% |
| 2025-11-10 | 39.75% |
| 2025-11-07 | 39.75% |
| 2025-11-06 | 39.74% |
| 2025-11-05 | 39.75% |
| 2025-11-04 | 39.75% |
| 2025-11-03 | 39.75% |
| 2025-10-31 | 39.75% |
| 2025-10-30 | 39.75% |
| 2025-10-29 | 39.75% |
| 2025-10-28 | 39.75% |
| 2025-10-27 | 39.75% |
| 2025-10-24 | 39.74% |
| 2025-10-23 | 39.75% |
| 2025-10-22 | 39.74% |
| 2025-10-21 | 39.74% |
| 2025-10-20 | 39.74% |
| 2025-10-17 | 39.75% |
| 2025-10-16 | 39.75% |
| 2025-10-15 | 39.74% |
| 2025-10-14 | 39.74% |
| 2025-10-13 | 39.75% |
| 2025-10-10 | 39.75% |
| 2025-10-09 | 39.74% |
| 2025-10-08 | 39.74% |
| 2025-10-07 | 39.75% |
| 2025-10-06 | 39.75% |
| 2025-10-03 | 39.74% |
| 2025-10-02 | 39.74% |
| 2025-10-01 | 39.75% |
| 2025-09-30 | 39.75% |
| 2025-09-29 | 39.75% |
| 2025-09-26 | 39.74% |
| 2025-09-25 | 39.74% |
| 2025-09-24 | 39.75% |
| 2025-09-23 | 39.75% |
| 2025-09-22 | 39.74% |
| 2025-09-19 | 39.75% |
| 2025-09-18 | 39.74% |
| 2025-09-17 | 39.75% |
| 2025-09-16 | 39.74% |
| 2025-09-15 | 39.75% |
| 2025-09-12 | 39.75% |
| 2025-09-11 | 39.75% |
| 2025-09-10 | 29.43% |
| 2025-09-09 | 29.44% |
| 2025-09-08 | 29.43% |
| 2025-09-05 | 29.44% |
| 2025-09-04 | 29.44% |
| 2025-09-03 | 29.43% |
| 2025-09-02 | 29.43% |
| 2025-08-29 | 29.43% |
Showing the most recent 260 of 2,528 data points. The chart above shows the full history.
| $1.53 |
| 35.4% |
| 2019-10-31 | $5.87 | $1.43 | 24.4% |
| 2018-10-31 | $6.51 | $1.25 | 19.2% |
| 2017-10-31 | $5.14 | $1.11 | 21.6% |
| 2016-10-31 | $4.76 | $0.99 | 20.8% |
| 2015-10-31 | $3.48 | $0.90 | 25.9% |
| 2014-10-31 | $3.88 | $0.76 | 19.6% |
| 2013-10-31 | $3.45 | $0.63 | 18.3% |
| 2012-10-31 | $3.49 | $0.53 | 15.0% |
| 2011-10-31 | $3.29 | $0.44 | 13.4% |
| 2010-10-31 | $2.49 | $0.39 | 15.7% |
| 2009-10-31 | ($2.38) | $0.37 | N/A (Loss) |
| 2008-10-31 | $1.74 | $0.37 | 21.0% |
| 2007-10-31 | $1.35 | $0.35 | 25.9% |
| 2006-10-31 | $1.36 | $0.34 | 24.6% |
| 2005-10-31 | $1.10 | $0.32 | 29.3% |
| 2004-10-31 | $0.89 | $0.31 | 35.1% |
| 2003-10-31 | $0.62 | $0.30 | 48.8% |
| 2002-10-31 | $0.33 | $0.29 | 86.4% |
| 2001-10-31 | $0.38 | $0.28 | 73.7% |
| 2000-10-31 | $0.84 | $0.26 | 31.0% |
| 1999-10-31 | $0.72 | $0.24 | 33.3% |
| 1998-10-31 | $0.32 | $0.22 | 68.8% |
| 1997-10-31 | $0.73 | $0.20 | 27.4% |
| 1996-10-31 | $0.75 | $0.18 | 24.0% |
