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 72.58% is 39% above its 5-year average of 52.27%, near the high end of its 5-year range (34.78%–72.58%).
As of Thursday, October 1, 2026. 1.84% above its 12-month average of 71.26%.
Dividend Payout Ratio (72.58%) = TTM Dividends/Share ($2.90) / TTM EPS ($4.00)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-01.
DIVIDEND PAYOUT RATIO
72.58%
DIVIDEND PAYOUT RATIO AVG TTM
71.26%
DIVIDEND PAYOUT RATIO AVG 3Y
71.26%
DIVIDEND PAYOUT RATIO AVG 5Y
52.27%
DIVIDEND PAYOUT RATIO AVG 10Y
52.65%
DIVIDEND PAYOUT RATIO AVG 15Y
77.73%
DIVIDEND PAYOUT RATIO AVG 20Y
100.79%
CURRENT VS TTM AVG
+1.84%
CURRENT VS 3Y AVG
+1.84%
CURRENT VS 5Y AVG
+38.85%
CURRENT VS 10Y AVG
+37.84%
CURRENT VS 15Y AVG
-6.63%
CURRENT VS 20Y AVG
-27.99%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $2.92 | $2.80 | 95.9% |
| 2024-12-31 | $1.62 | $2.60 | 160.5% |
| 2023-12-31 | ($3.61) | $2.60 | N/A (Loss) |
| 2022-12-31 | $3.93 | $3.52 | 89.6% |
| 2021-12-31 | $6.40 | $3.52 | 55.0% |
| 2020-12-31 | ($2.92) |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-10-01 | 72.58% |
| 2026-09-30 | 72.46% |
| 2026-09-29 | 71.25% |
| 2026-09-28 | 71.29% |
| 2026-09-25 | 71.22% |
| 2026-09-24 | 71.25% |
| 2026-09-23 | 71.25% |
| 2026-09-22 | 71.25% |
| 2026-09-21 | 71.28% |
| 2026-09-18 | 71.22% |
| 2026-09-17 | 71.28% |
| 2026-09-16 | 71.28% |
| 2026-09-15 | 71.22% |
| 2026-09-14 | 71.25% |
| 2026-09-11 | 71.32% |
| 2026-09-10 | 71.25% |
| 2026-09-09 | 71.22% |
| 2026-09-08 | 71.25% |
| 2026-09-04 | 71.22% |
| 2026-09-03 | 71.28% |
| 2026-09-02 | 71.28% |
| 2026-09-01 | 71.31% |
| 2026-08-31 | 71.25% |
| 2026-08-28 | 71.25% |
| 2026-08-27 | 71.31% |
| 2026-08-26 | 71.31% |
| 2026-08-25 | 71.31% |
| 2026-08-24 | 71.22% |
| 2026-08-21 | 71.25% |
| 2026-08-20 | 71.22% |
| 2026-08-19 | 71.31% |
| 2026-08-18 | 71.25% |
| 2026-08-17 | 71.22% |
| 2026-08-14 | 71.22% |
| 2026-08-13 | 71.28% |
| 2026-08-12 | 71.28% |
| 2026-08-11 | 71.31% |
| 2026-08-10 | 71.28% |
| 2026-08-07 | 71.25% |
| 2026-08-06 | 71.31% |
| 2026-08-05 | 71.28% |
| 2026-08-04 | 71.28% |
| 2026-08-03 | 71.31% |
| 2026-07-31 | 71.25% |
| 2026-07-30 | 71.25% |
| 2023-05-04 | 65.87% |
| 2023-05-02 | 65.87% |
| 2023-04-28 | 65.87% |
| 2023-04-26 | 65.77% |
| 2023-04-24 | 65.77% |
| 2023-04-20 | 65.80% |
| 2023-04-18 | 65.83% |
| 2023-04-14 | 65.80% |
| 2023-04-12 | 65.87% |
| 2023-04-10 | 65.87% |
| 2023-04-05 | 65.77% |
| 2023-04-03 | 65.80% |
| 2023-03-30 | 65.77% |
| 2023-03-28 | 70.51% |
| 2023-03-24 | 70.47% |
| 2023-03-22 | 70.40% |
| 2023-03-20 | 70.40% |
| 2023-03-16 | 70.51% |
| 2023-03-14 | 70.51% |
| 2023-03-10 | 70.40% |
| 2023-03-08 | 70.50% |
| 2023-03-06 | 70.43% |
| 2023-03-02 | 70.40% |
| 2023-02-28 | 70.47% |
| 2023-02-24 | 70.50% |
| 2023-02-22 | 70.43% |
| 2023-02-17 | 70.43% |
| 2023-02-15 | 43.82% |
| 2023-02-13 | 43.82% |
| 2023-02-09 | 43.82% |
| 2023-02-07 | 43.91% |
| 2023-02-03 | 43.87% |
| 2023-02-01 | 43.85% |
| 2023-01-30 | 43.81% |
| 2023-01-26 | 43.86% |
| 2023-01-24 | 43.82% |
| 2023-01-20 | 43.81% |
| 2023-01-18 | 43.82% |
| 2023-01-13 | 43.88% |
| 2023-01-11 | 43.88% |
| 2023-01-09 | 43.92% |
| 2023-01-05 | 43.90% |
| 2023-01-03 | 43.84% |
| 2022-12-29 | 54.74% |
| 2022-12-27 | 43.82% |
| 2022-12-22 | 43.82% |
| 2022-12-20 | 43.90% |
| 2022-12-16 | 43.77% |
| 2022-12-14 | 43.88% |
| 2022-12-12 | 43.86% |
| 2022-12-08 | 43.82% |
| 2022-12-06 | 43.79% |
| 2022-12-02 | 43.78% |
| 2022-11-30 | 43.86% |
| 2022-11-28 | 43.81% |
| 2022-11-23 | 43.77% |
| 2022-11-21 | 43.76% |
| 2022-11-17 | 43.85% |
| 2022-11-15 | 43.90% |
| 2022-11-11 | 43.80% |
| 2022-11-09 | 43.82% |
| 2022-11-07 | 43.86% |
| 2022-11-03 | 34.78% |
| 2022-11-01 | 34.97% |
| 2022-10-28 | 34.91% |
| 2022-10-26 | 34.92% |
| 2022-10-24 | 34.80% |
| 2022-10-20 | 34.97% |
| 2022-10-18 | 34.87% |
| 2022-10-14 | 34.90% |
| 2022-10-12 | 34.87% |
| 2022-10-10 | 34.92% |
| 2022-10-06 | 34.80% |
| 2022-10-04 | 34.86% |
| 2022-09-30 | 34.87% |
| 2022-09-28 | 34.80% |
| 2022-09-26 | 34.86% |
| 2022-09-22 | 34.93% |
| 2022-09-20 | 34.88% |
| 2022-09-16 | 34.82% |
| 2022-09-14 | 34.87% |
| 2022-09-12 | 34.86% |
| 2022-09-08 | 34.88% |
| 2022-09-06 | 34.90% |
| 2022-09-01 | 34.90% |
| 2022-08-30 | 34.84% |
| 2022-08-26 | 34.88% |
| 2022-08-24 | 34.91% |
| 2022-08-22 | 34.85% |
| 2022-08-18 | 34.91% |
| 2022-08-16 | 34.86% |
| 2022-08-12 | 34.84% |
| 2022-08-10 | 34.86% |
| 2022-08-08 | 34.83% |
| 2022-08-04 | 34.83% |
| 2022-08-02 | 34.88% |
| 2022-07-29 | 50.52% |
| 2022-07-27 | 50.52% |
| 2022-07-25 | 50.52% |
| 2022-07-21 | 50.46% |
| 2022-07-19 | 50.44% |
| 2022-07-15 | 50.49% |
| 2022-07-13 | 50.49% |
| 2022-07-11 | 50.53% |
| 2022-07-07 | 50.45% |
| 2022-07-05 | 50.53% |
| 2022-06-30 | 50.48% |
| 2022-06-28 | 50.47% |
| 2022-06-24 | 50.46% |
| 2022-06-22 | 50.52% |
| 2022-06-17 | 50.55% |
| 2022-06-15 | 50.52% |
| 2022-06-13 | 50.43% |
| 2022-06-09 | 50.55% |
| 2022-06-07 | 50.51% |
| 2022-06-03 | 50.51% |
| 2022-06-01 | 50.53% |
| 2022-05-27 | 50.49% |
| 2022-05-25 | 50.48% |
| 2022-05-23 | 50.42% |
| 2022-05-19 | 50.53% |
| 2022-05-17 | 50.48% |
| 2022-05-13 | 50.47% |
| 2022-05-11 | 50.54% |
| 2022-05-09 | 50.48% |
| 2022-05-05 | 50.46% |
| 2022-05-03 | 54.60% |
| 2022-04-29 | 54.69% |
| 2022-04-27 | 54.64% |
| 2022-04-25 | 54.71% |
| 2022-04-21 | 54.62% |
| 2022-04-19 | 54.68% |
| 2022-04-14 | 54.59% |
| 2022-04-12 | 54.67% |
| 2022-04-08 | 54.63% |
| 2022-04-06 | 54.69% |
| 2022-04-04 | 54.70% |
| 2022-03-31 | 54.63% |
| 2022-03-29 | 54.60% |
| 2022-03-25 | 54.71% |
| 2022-03-23 | 54.66% |
| 2022-03-21 | 54.63% |
| 2022-03-17 | 54.61% |
| 2022-03-15 | 54.61% |
| 2022-03-11 | 54.61% |
| 2022-03-09 | 54.60% |
| 2022-03-07 | 54.72% |
| 2022-03-03 | 54.61% |
| 2022-03-01 | 54.67% |
| 2022-02-25 | 54.66% |
| 2022-02-23 | 54.69% |
| 2022-02-18 | 54.71% |
| 2022-02-16 | 45.21% |
| 2022-02-14 | 45.29% |
| 2022-02-10 | 45.23% |
| 2022-02-08 | 45.28% |
| 2022-02-04 | 45.22% |
| 2022-02-02 | 45.25% |
| 2022-01-31 | 45.23% |
| 2022-01-27 | 45.31% |
| 2022-01-25 | 45.31% |
| 2022-01-21 | 45.22% |
| 2022-01-19 | 45.30% |
| 2022-01-14 | 45.22% |
| 2022-01-12 | 45.31% |
| 2022-01-10 | 45.27% |
| 2022-01-06 | 45.27% |
| 2022-01-04 | 45.25% |
| 2021-12-31 | 45.24% |
| 2021-12-29 | 45.23% |
| 2021-12-27 | 45.23% |
| 2021-12-22 | 45.30% |
| 2021-12-20 | 45.30% |
| 2021-12-16 | 45.31% |
| 2021-12-14 | 45.31% |
| 2021-12-10 | 45.26% |
| 2021-12-08 | 45.24% |
| 2021-12-06 | 45.21% |
| 2021-12-02 | 45.23% |
| 2021-11-30 | 45.30% |
| 2021-11-26 | 45.21% |
| 2021-11-23 | 45.30% |
| 2021-11-19 | 45.31% |
| 2021-11-17 | 45.25% |
| 2021-11-15 | 45.24% |
| 2021-11-11 | 45.28% |
| 2021-11-09 | 45.23% |
| 2021-11-05 | 45.21% |
| 2021-11-03 | 38.20% |
| 2021-11-01 | 38.18% |
| 2021-10-28 | 38.20% |
| 2021-10-26 | 38.28% |
| 2021-10-22 | 38.28% |
| 2021-10-20 | 38.20% |
| 2021-10-18 | 38.26% |
| 2021-10-14 | 38.20% |
| 2021-10-12 | 38.26% |
| 2021-10-08 | 38.20% |
| 2021-10-06 | 38.23% |
| 2021-10-04 | 38.20% |
| 2021-09-30 | 38.25% |
| 2021-09-28 | 38.26% |
| 2021-09-24 | 38.18% |
| 2021-09-22 | 38.24% |
| 2021-09-20 | 38.18% |
| 2021-09-16 | 38.27% |
| 2021-09-14 | 38.19% |
| 2021-09-10 | 38.22% |
| 2021-09-08 | 38.22% |
| 2021-09-03 | 38.19% |
| 2021-09-01 | 38.20% |
| 2021-08-30 | 38.28% |
| 2021-08-26 | 38.25% |
| 2021-08-24 | 38.23% |
| 2021-08-20 | 38.27% |
Showing the most recent 260 of 1,638 data points. The chart above shows the full history.
| $3.64 |
| N/A (Loss) |
| 2019-12-31 | ($6.41) | $4.20 | N/A (Loss) |
| 2018-12-31 | $0.18 | $4.80 | N/A |
| 2017-12-31 | $5.48 | $4.80 | 87.6% |
| 2016-12-31 | $5.56 | $4.80 | 86.3% |
| 2015-12-31 | $1.68 | $4.80 | 285.7% |
| 2014-12-31 | ($3.84) | $4.80 | N/A (Loss) |
| 2013-12-31 | $15.44 | $6.00 | 38.9% |
| 2012-12-31 | $6.96 | $8.20 | 117.8% |
| 2011-12-31 | $1.48 | $9.76 | 659.5% |
| 2010-12-31 | $8.48 | $10.60 | 125.0% |
| 2009-12-31 | $14.20 | $10.16 | 71.5% |
| 2008-12-31 | $2.56 | $8.32 | 325.0% |
| 2007-12-31 | $5.28 | $4.16 | 78.8% |
| 2006-12-31 | $1.76 | $2.28 | 129.5% |
| 2005-12-31 | ($0.76) | $4.16 | N/A (Loss) |
| 2004-12-31 | $8.16 | $7.92 | 97.1% |
| 2003-12-31 | $7.80 | $7.80 | 100.0% |
| 2002-12-31 | $10.72 | $10.68 | 99.6% |
| 2001-12-31 | $8.92 | $7.00 | 78.5% |
| 2000-12-31 | $4.72 | $4.60 | 97.5% |
| 1999-12-31 | $5.64 | $5.52 | 97.9% |
| 1998-12-31 | $4.88 | $4.86 | 99.6% |
| 1997-12-31 | $3.32 | $0.88 | 26.5% |
