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 62.78% is in line with its 5-year average of 62.91%, near the low end of its 5-year range (48.71%–207.93%).
As of Friday, September 11, 2026. 7.31% above its 12-month average of 58.50%.
Dividend Payout Ratio (62.78%) = TTM Dividends/Share ($1.18) / TTM EPS ($1.88)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
62.78%
DIVIDEND PAYOUT RATIO AVG TTM
58.50%
DIVIDEND PAYOUT RATIO AVG 3Y
61.92%
DIVIDEND PAYOUT RATIO AVG 5Y
62.91%
DIVIDEND PAYOUT RATIO AVG 10Y
66.81%
DIVIDEND PAYOUT RATIO AVG 15Y
55.51%
DIVIDEND PAYOUT RATIO AVG 20Y
51.18%
CURRENT VS TTM AVG
+7.31%
CURRENT VS 3Y AVG
+1.38%
CURRENT VS 5Y AVG
-0.21%
CURRENT VS 10Y AVG
-6.04%
CURRENT VS 15Y AVG
+13.09%
CURRENT VS 20Y AVG
+22.65%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $1.96 | $1.12 | 57.1% |
| 2024-12-31 | $1.63 | $1.06 | 65.0% |
| 2023-12-31 | $1.59 | $1.00 | 62.9% |
| 2022-12-31 | $1.84 | $0.94 | 51.1% |
| 2021-12-31 | $1.35 | $0.88 | 65.2% |
| 2020-12-31 | ($0.19) |
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 | 62.78% |
| 2026-09-10 | 62.76% |
| 2026-09-09 | 62.75% |
| 2026-09-08 | 62.77% |
| 2026-09-04 | 62.78% |
| 2026-09-03 | 62.77% |
| 2026-09-02 | 62.77% |
| 2026-09-01 | 62.77% |
| 2026-08-31 | 62.78% |
| 2026-08-28 | 62.77% |
| 2026-08-27 | 62.77% |
| 2026-08-26 | 62.77% |
| 2026-08-25 | 62.76% |
| 2026-08-24 | 62.77% |
| 2026-08-21 | 62.78% |
| 2026-08-20 | 62.77% |
| 2026-08-19 | 62.76% |
| 2026-08-18 | 62.75% |
| 2026-08-17 | 62.77% |
| 2026-08-14 | 62.78% |
| 2026-08-13 | 62.76% |
| 2026-08-12 | 62.78% |
| 2026-08-11 | 62.78% |
| 2026-08-10 | 62.76% |
| 2026-08-07 | 62.75% |
| 2026-08-06 | 62.75% |
| 2026-08-05 | 58.71% |
| 2026-08-04 | 58.70% |
| 2026-08-03 | 58.70% |
| 2026-07-31 | 58.69% |
| 2026-07-30 | 57.70% |
| 2026-07-29 | 57.70% |
| 2026-07-28 | 57.71% |
| 2026-07-27 | 57.71% |
| 2026-07-24 | 57.70% |
| 2026-07-23 | 57.71% |
| 2026-07-22 | 57.71% |
| 2026-07-21 | 57.71% |
| 2026-07-20 | 57.71% |
| 2026-07-17 | 57.72% |
| 2026-07-16 | 57.71% |
| 2026-07-15 | 57.71% |
| 2026-07-14 | 57.70% |
| 2026-07-13 | 57.72% |
| 2026-07-10 | 57.70% |
| 2026-07-09 | 57.70% |
| 2026-07-08 | 57.72% |
| 2026-07-07 | 57.72% |
| 2026-07-06 | 57.72% |
| 2026-07-02 | 57.71% |
| 2026-07-01 | 57.72% |
| 2026-06-30 | 57.72% |
| 2026-06-29 | 57.72% |
| 2026-06-26 | 57.72% |
| 2026-06-25 | 57.72% |
| 2026-06-24 | 57.72% |
| 2026-06-23 | 57.71% |
| 2026-06-22 | 57.72% |
| 2026-06-18 | 57.71% |
| 2026-06-17 | 57.71% |
| 2026-06-16 | 57.71% |
| 2026-06-15 | 57.72% |
| 2026-06-12 | 57.72% |
| 2026-06-11 | 57.70% |
| 2026-06-10 | 57.71% |
| 2026-06-09 | 57.71% |
| 2026-06-08 | 57.71% |
| 2026-06-05 | 57.71% |
| 2026-06-04 | 57.71% |
| 2026-06-03 | 57.71% |
| 2026-06-02 | 57.72% |
| 2026-06-01 | 57.72% |
| 2026-05-29 | 57.72% |
| 2026-05-28 | 57.71% |
| 2026-05-27 | 57.72% |
| 2026-05-26 | 57.71% |
| 2026-05-22 | 57.72% |
| 2026-05-21 | 57.72% |
| 2026-05-20 | 57.70% |
| 2026-05-19 | 57.71% |
| 2026-05-18 | 57.71% |
| 2026-05-15 | 57.70% |
| 2026-05-14 | 57.71% |
| 2026-05-13 | 57.72% |
| 2026-05-12 | 57.72% |
| 2026-05-11 | 57.72% |
| 2026-05-08 | 57.70% |
| 2026-05-07 | 57.70% |
| 2026-05-06 | 59.48% |
| 2026-05-05 | 59.48% |
| 2026-05-04 | 59.50% |
| 2026-05-01 | 59.50% |
| 2026-04-30 | 59.49% |
| 2026-04-29 | 58.47% |
| 2026-04-28 | 58.46% |
| 2026-04-27 | 58.47% |
| 2026-04-24 | 58.46% |
| 2026-04-23 | 58.45% |
| 2026-04-22 | 58.47% |
| 2026-04-21 | 58.47% |
| 2026-04-20 | 58.46% |
| 2026-04-17 | 58.45% |
| 2026-04-16 | 58.46% |
| 2026-04-15 | 58.46% |
| 2026-04-14 | 58.47% |
| 2026-04-13 | 58.46% |
| 2026-04-10 | 58.46% |
| 2026-04-09 | 58.47% |
| 2026-04-08 | 58.47% |
| 2026-04-07 | 58.47% |
| 2026-04-06 | 58.45% |
| 2026-04-02 | 58.45% |
| 2026-04-01 | 58.46% |
| 2026-03-31 | 58.47% |
| 2026-03-30 | 58.47% |
| 2026-03-27 | 58.45% |
| 2026-03-26 | 58.46% |
| 2026-03-25 | 58.47% |
| 2026-03-24 | 58.47% |
| 2026-03-23 | 58.47% |
| 2026-03-20 | 58.47% |
| 2026-03-19 | 58.45% |
| 2026-03-18 | 58.47% |
| 2026-03-17 | 58.47% |
| 2026-03-16 | 58.45% |
| 2026-03-13 | 58.46% |
| 2026-03-12 | 58.45% |
| 2026-03-11 | 58.45% |
| 2026-03-10 | 58.46% |
| 2026-03-09 | 58.47% |
| 2026-03-06 | 58.47% |
| 2026-03-05 | 58.45% |
| 2026-03-04 | 58.46% |
| 2026-03-03 | 58.46% |
| 2026-03-02 | 58.47% |
| 2026-02-27 | 58.47% |
| 2026-02-26 | 58.46% |
| 2026-02-25 | 58.46% |
| 2026-02-24 | 58.47% |
| 2026-02-23 | 58.46% |
| 2026-02-20 | 58.46% |
| 2026-02-19 | 58.47% |
| 2026-02-18 | 58.46% |
| 2026-02-17 | 58.45% |
| 2026-02-13 | 58.45% |
| 2026-02-12 | 58.46% |
| 2026-02-11 | 60.17% |
| 2026-02-10 | 60.15% |
| 2026-02-09 | 60.17% |
| 2026-02-06 | 60.15% |
| 2026-02-05 | 60.15% |
| 2026-02-04 | 60.15% |
| 2026-02-03 | 60.16% |
| 2026-02-02 | 59.09% |
| 2026-01-30 | 59.10% |
| 2026-01-29 | 59.10% |
| 2026-01-28 | 59.09% |
| 2026-01-27 | 59.09% |
| 2026-01-26 | 59.10% |
| 2026-01-23 | 59.11% |
| 2026-01-22 | 59.11% |
| 2026-01-21 | 59.11% |
| 2026-01-20 | 59.10% |
| 2026-01-16 | 59.10% |
| 2026-01-15 | 59.10% |
| 2026-01-14 | 59.09% |
| 2026-01-13 | 59.10% |
| 2026-01-12 | 59.10% |
| 2026-01-09 | 59.10% |
| 2026-01-08 | 59.11% |
| 2026-01-07 | 59.10% |
| 2026-01-06 | 59.10% |
| 2026-01-05 | 59.11% |
| 2026-01-02 | 59.11% |
| 2025-12-31 | 59.11% |
| 2025-12-30 | 59.10% |
| 2025-12-29 | 59.11% |
| 2025-12-26 | 59.11% |
| 2025-12-24 | 59.10% |
| 2025-12-23 | 59.10% |
| 2025-12-22 | 59.09% |
| 2025-12-19 | 59.10% |
| 2025-12-18 | 59.12% |
| 2025-12-17 | 59.11% |
| 2025-12-16 | 59.10% |
| 2025-12-15 | 59.09% |
| 2025-12-12 | 59.10% |
| 2025-12-11 | 59.10% |
| 2025-12-10 | 59.10% |
| 2025-12-09 | 59.11% |
| 2025-12-08 | 59.09% |
| 2025-12-05 | 59.09% |
| 2025-12-04 | 59.11% |
| 2025-12-03 | 59.10% |
| 2025-12-02 | 59.10% |
| 2025-12-01 | 59.10% |
| 2025-11-28 | 59.11% |
| 2025-11-26 | 59.10% |
| 2025-11-25 | 59.12% |
| 2025-11-24 | 59.11% |
| 2025-11-21 | 59.12% |
| 2025-11-20 | 59.09% |
| 2025-11-19 | 59.10% |
| 2025-11-18 | 59.10% |
| 2025-11-17 | 59.11% |
| 2025-11-14 | 59.11% |
| 2025-11-13 | 59.10% |
| 2025-11-12 | 59.11% |
| 2025-11-11 | 59.11% |
| 2025-11-10 | 59.10% |
| 2025-11-07 | 59.10% |
| 2025-11-06 | 59.12% |
| 2025-11-05 | 59.10% |
| 2025-11-04 | 59.10% |
| 2025-11-03 | 59.10% |
| 2025-10-31 | 59.10% |
| 2025-10-30 | 58.31% |
| 2025-10-29 | 58.63% |
| 2025-10-28 | 58.62% |
| 2025-10-27 | 58.62% |
| 2025-10-24 | 58.63% |
| 2025-10-23 | 58.61% |
| 2025-10-22 | 58.62% |
| 2025-10-21 | 58.62% |
| 2025-10-20 | 58.61% |
| 2025-10-17 | 58.61% |
| 2025-10-16 | 58.62% |
| 2025-10-15 | 58.61% |
| 2025-10-14 | 58.61% |
| 2025-10-13 | 58.62% |
| 2025-10-10 | 58.63% |
| 2025-10-09 | 58.62% |
| 2025-10-08 | 58.62% |
| 2025-10-07 | 58.61% |
| 2025-10-06 | 58.61% |
| 2025-10-03 | 58.62% |
| 2025-10-02 | 58.61% |
| 2025-10-01 | 58.62% |
| 2025-09-30 | 58.62% |
| 2025-09-29 | 58.61% |
| 2025-09-26 | 58.61% |
| 2025-09-25 | 58.63% |
| 2025-09-24 | 58.61% |
| 2025-09-23 | 58.61% |
| 2025-09-22 | 58.62% |
| 2025-09-19 | 58.62% |
| 2025-09-18 | 58.63% |
| 2025-09-17 | 58.61% |
| 2025-09-16 | 58.63% |
| 2025-09-15 | 58.63% |
| 2025-09-12 | 58.63% |
| 2025-09-11 | 58.62% |
| 2025-09-10 | 58.63% |
| 2025-09-09 | 58.62% |
| 2025-09-08 | 58.61% |
| 2025-09-05 | 58.63% |
| 2025-09-04 | 58.62% |
| 2025-09-03 | 58.63% |
| 2025-09-02 | 58.62% |
| 2025-08-29 | 58.61% |
Showing the most recent 260 of 2,269 data points. The chart above shows the full history.
| $0.84 |
| N/A (Loss) |
| 2019-12-31 | $0.88 | $0.80 | 90.9% |
| 2018-12-31 | ($0.18) | $0.78 | N/A (Loss) |
| 2017-12-31 | $0.39 | $0.70 | 179.5% |
| 2016-12-31 | $1.03 | $0.64 | 62.1% |
| 2015-12-31 | $0.90 | $0.51 | 57.1% |
| 2014-12-31 | $1.68 | $0.40 | 23.9% |
| 2013-12-31 | $1.70 | $0.39 | 22.7% |
| 2012-12-31 | $1.43 | $0.52 | 36.0% |
| 2011-12-31 | $1.06 | $0.36 | 34.1% |
| 2010-12-31 | $1.05 | $0.36 | 34.4% |
| 2009-12-31 | $0.79 | $0.36 | 45.8% |
| 2008-12-31 | $0.29 | $0.36 | 124.7% |
| 2007-12-31 | $1.17 | $0.36 | 30.9% |
| 2006-12-31 | $1.04 | $0.36 | 34.8% |
| 2005-12-31 | $1.13 | $0.36 | 32.0% |
| 2004-12-31 | $1.65 | $0.36 | 21.9% |
| 2003-12-31 | $0.33 | $0.43 | 131.0% |
| 2002-12-31 | $1.77 | $0.46 | 25.8% |
| 2001-12-31 | $1.05 | $0.46 | 43.4% |
| 2000-12-31 | $1.12 | $0.42 | 37.9% |
| 1999-12-31 | $1.29 | $0.40 | 31.1% |
| 1998-12-31 | $1.60 | $0.38 | 23.6% |
| 1997-12-31 | $1.54 | $0.35 | 23.0% |
| 1996-12-31 | $1.44 | $0.33 | 22.9% |
