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 29.86% is 14% above its 5-year average of 26.13%, near the low end of its 5-year range (14.19%–68.33%).
As of Wednesday, August 12, 2026. 3.67% below its 12-month average of 31.00%.
Dividend Payout Ratio (29.86%) = TTM Dividends/Share ($9.40) / TTM EPS ($31.48)
DIVIDEND PAYOUT RATIO
29.86%
DIVIDEND PAYOUT RATIO AVG TTM
31.00%
DIVIDEND PAYOUT RATIO AVG 3Y
33.27%
DIVIDEND PAYOUT RATIO AVG 5Y
26.13%
DIVIDEND PAYOUT RATIO AVG 10Y
28.23%
DIVIDEND PAYOUT RATIO AVG 15Y
28.34%
DIVIDEND PAYOUT RATIO AVG 20Y
27.55%
CURRENT VS TTM AVG
-3.67%
CURRENT VS 3Y AVG
-10.25%
CURRENT VS 5Y AVG
+14.29%
CURRENT VS 10Y AVG
+5.78%
CURRENT VS 15Y AVG
+5.39%
CURRENT VS 20Y AVG
+8.37%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $29.14 | $8.99 | 30.9% |
| 2024 | $28.39 | $8.05 | 28.4% |
| 2023 | $13.57 | $7.34 | 54.1% |
| 2022 | $31.61 | $6.76 | 21.4% |
| 2021 | $43.70 | $6.16 | 14.1% |
| 2020 | $19.08 | $5.67 |
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 |
|---|---|
| 2026-08-12 | 29.86% |
| 2026-08-11 | 29.86% |
| 2026-08-10 | 29.86% |
| 2026-08-07 | 29.87% |
| 2026-08-06 | 29.85% |
| 2026-08-05 | 29.86% |
| 2026-08-04 | 29.86% |
| 2026-08-03 | 29.86% |
| 2026-07-31 | 29.86% |
| 2026-07-30 | 29.86% |
| 2026-07-29 | 29.87% |
| 2026-07-28 | 29.87% |
| 2026-07-27 | 29.85% |
| 2026-07-24 | 29.85% |
| 2026-07-23 | 29.87% |
| 2026-07-22 | 29.87% |
| 2026-07-21 | 29.85% |
| 2026-07-20 | 29.42% |
| 2026-07-17 | 29.41% |
| 2026-07-16 | 29.42% |
| 2026-07-15 | 29.42% |
| 2026-07-14 | 29.43% |
| 2026-07-13 | 29.42% |
| 2026-07-10 | 29.42% |
| 2026-07-09 | 29.42% |
| 2026-07-08 | 29.42% |
| 2026-07-07 | 29.41% |
| 2026-07-06 | 29.41% |
| 2026-07-02 | 29.42% |
| 2026-07-01 | 29.41% |
| 2026-06-30 | 29.42% |
| 2026-06-29 | 29.41% |
| 2026-06-26 | 29.42% |
| 2026-06-25 | 29.42% |
| 2026-06-24 | 29.41% |
| 2026-06-23 | 29.42% |
| 2026-06-22 | 29.42% |
| 2026-06-18 | 29.42% |
| 2026-06-17 | 29.42% |
| 2026-06-16 | 29.42% |
| 2026-06-15 | 29.42% |
| 2026-06-12 | 29.41% |
| 2026-06-11 | 29.42% |
| 2026-06-10 | 29.42% |
| 2026-06-09 | 29.42% |
| 2026-06-08 | 29.43% |
| 2026-06-05 | 29.42% |
| 2026-06-04 | 29.42% |
| 2026-06-03 | 29.43% |
| 2026-06-02 | 29.41% |
| 2026-06-01 | 36.66% |
| 2026-05-29 | 28.92% |
| 2026-05-28 | 28.93% |
| 2026-05-27 | 28.93% |
| 2026-05-26 | 28.92% |
| 2026-05-22 | 28.92% |
| 2026-05-21 | 28.91% |
| 2026-05-20 | 28.92% |
| 2026-05-19 | 28.92% |
| 2026-05-18 | 28.91% |
| 2026-05-15 | 28.92% |
| 2026-05-14 | 28.92% |
| 2026-05-13 | 28.92% |
| 2026-05-12 | 28.91% |
| 2026-05-11 | 28.92% |
| 2026-05-08 | 28.92% |
| 2026-05-07 | 28.93% |
| 2026-05-06 | 28.92% |
| 2026-05-05 | 28.91% |
| 2026-05-04 | 28.93% |
| 2026-05-01 | 28.92% |
| 2026-04-30 | 28.92% |
| 2026-04-29 | 28.93% |
| 2026-04-28 | 28.93% |
| 2026-04-27 | 28.93% |
| 2026-04-24 | 28.92% |
| 2026-04-23 | 28.92% |
| 2026-04-22 | 28.91% |
| 2026-04-21 | 28.92% |
| 2026-04-20 | 31.72% |
| 2026-04-17 | 31.72% |
| 2026-04-16 | 31.73% |
| 2026-04-15 | 31.73% |
| 2026-04-14 | 31.72% |
| 2026-04-13 | 31.72% |
| 2026-04-10 | 31.72% |
| 2026-04-09 | 31.72% |
| 2026-04-08 | 31.72% |
| 2026-04-07 | 31.71% |
| 2026-04-06 | 31.73% |
| 2026-04-02 | 31.73% |
| 2026-04-01 | 31.72% |
| 2026-03-31 | 31.72% |
| 2026-03-30 | 31.71% |
| 2026-03-27 | 31.72% |
| 2026-03-26 | 31.73% |
| 2026-03-25 | 31.72% |
| 2026-03-24 | 31.72% |
| 2026-03-23 | 31.71% |
| 2026-03-20 | 31.72% |
| 2026-03-19 | 31.73% |
| 2026-03-18 | 31.72% |
| 2026-03-17 | 31.73% |
| 2026-03-16 | 31.71% |
| 2026-03-13 | 31.72% |
| 2026-03-12 | 31.72% |
| 2026-03-11 | 31.72% |
| 2026-03-10 | 31.72% |
| 2026-03-09 | 31.73% |
| 2026-03-06 | 31.72% |
| 2026-03-05 | 31.72% |
| 2026-03-04 | 31.72% |
| 2026-03-03 | 31.72% |
| 2026-03-02 | 38.80% |
| 2026-02-27 | 38.80% |
| 2026-02-26 | 38.78% |
| 2026-02-25 | 38.80% |
| 2026-02-24 | 38.79% |
| 2026-02-23 | 38.79% |
| 2026-02-20 | 30.86% |
| 2026-02-19 | 30.87% |
| 2026-02-18 | 30.86% |
| 2026-02-17 | 30.86% |
| 2026-02-13 | 30.86% |
| 2026-02-12 | 30.86% |
| 2026-02-11 | 30.86% |
| 2026-02-10 | 30.87% |
| 2026-02-09 | 30.86% |
| 2026-02-06 | 30.86% |
| 2026-02-05 | 30.86% |
| 2026-02-04 | 30.86% |
| 2026-02-03 | 30.86% |
| 2026-02-02 | 30.87% |
| 2026-01-30 | 30.86% |
| 2026-01-29 | 30.86% |
| 2026-01-28 | 30.87% |
| 2026-01-27 | 30.86% |
| 2026-01-26 | 32.34% |
| 2026-01-23 | 32.34% |
| 2026-01-22 | 32.34% |
| 2026-01-21 | 32.34% |
| 2026-01-20 | 32.33% |
| 2026-01-16 | 32.34% |
| 2026-01-15 | 32.34% |
| 2026-01-14 | 32.33% |
| 2026-01-13 | 32.34% |
| 2026-01-12 | 32.34% |
| 2026-01-09 | 32.34% |
| 2026-01-08 | 32.34% |
| 2026-01-07 | 32.34% |
| 2026-01-06 | 32.33% |
| 2026-01-05 | 32.34% |
| 2026-01-02 | 32.34% |
| 2025-12-31 | 32.34% |
| 2025-12-30 | 32.34% |
| 2025-12-29 | 32.33% |
| 2025-12-26 | 32.34% |
| 2025-12-24 | 32.34% |
| 2025-12-23 | 32.35% |
| 2025-12-22 | 32.34% |
| 2025-12-19 | 32.34% |
| 2025-12-18 | 32.34% |
| 2025-12-17 | 32.33% |
| 2025-12-16 | 32.34% |
| 2025-12-15 | 32.34% |
| 2025-12-12 | 32.33% |
| 2025-12-11 | 32.35% |
| 2025-12-10 | 32.34% |
| 2025-12-09 | 32.34% |
| 2025-12-08 | 32.33% |
| 2025-12-05 | 32.34% |
| 2025-12-04 | 32.33% |
| 2025-12-03 | 32.33% |
| 2025-12-02 | 32.35% |
| 2025-12-01 | 39.74% |
| 2025-11-28 | 31.43% |
| 2025-11-26 | 31.44% |
| 2025-11-25 | 31.43% |
| 2025-11-24 | 31.43% |
| 2025-11-21 | 31.43% |
| 2025-11-20 | 31.44% |
| 2025-11-19 | 31.43% |
| 2025-11-18 | 31.44% |
| 2025-11-17 | 31.43% |
| 2025-11-14 | 31.44% |
| 2025-11-13 | 31.44% |
| 2025-11-12 | 31.44% |
| 2025-11-11 | 31.44% |
| 2025-11-10 | 31.44% |
| 2025-11-07 | 31.43% |
| 2025-11-06 | 31.43% |
| 2025-11-05 | 31.44% |
| 2025-11-04 | 31.44% |
| 2025-11-03 | 31.44% |
| 2025-10-31 | 31.44% |
| 2025-10-30 | 31.43% |
| 2025-10-29 | 31.43% |
| 2025-10-28 | 31.43% |
| 2025-10-27 | 31.44% |
| 2025-10-24 | 31.43% |
| 2025-10-23 | 31.44% |
| 2025-10-22 | 31.44% |
| 2025-10-21 | 31.44% |
| 2025-10-20 | 32.22% |
| 2025-10-17 | 32.21% |
| 2025-10-16 | 32.22% |
| 2025-10-15 | 32.21% |
| 2025-10-14 | 32.22% |
| 2025-10-13 | 32.21% |
| 2025-10-10 | 32.21% |
| 2025-10-09 | 32.22% |
| 2025-10-08 | 32.21% |
| 2025-10-07 | 32.21% |
| 2025-10-06 | 32.22% |
| 2025-10-03 | 32.22% |
| 2025-10-02 | 32.21% |
| 2025-10-01 | 32.22% |
| 2025-09-30 | 32.22% |
| 2025-09-29 | 32.21% |
| 2025-09-26 | 32.21% |
| 2025-09-25 | 32.21% |
| 2025-09-24 | 32.22% |
| 2025-09-23 | 32.21% |
| 2025-09-22 | 32.22% |
| 2025-09-19 | 32.21% |
| 2025-09-18 | 32.22% |
| 2025-09-17 | 32.21% |
| 2025-09-16 | 32.21% |
| 2025-09-15 | 32.22% |
| 2025-09-12 | 32.22% |
| 2025-09-11 | 32.22% |
| 2025-09-10 | 32.21% |
| 2025-09-09 | 32.22% |
| 2025-09-08 | 32.22% |
| 2025-09-05 | 32.22% |
| 2025-09-04 | 32.22% |
| 2025-09-03 | 32.22% |
| 2025-09-02 | 39.80% |
| 2025-08-29 | 31.30% |
| 2025-08-28 | 31.29% |
| 2025-08-27 | 31.29% |
| 2025-08-26 | 31.30% |
| 2025-08-25 | 31.30% |
| 2025-08-22 | 31.30% |
| 2025-08-21 | 31.29% |
| 2025-08-20 | 31.29% |
| 2025-08-19 | 31.30% |
| 2025-08-18 | 31.30% |
| 2025-08-15 | 31.29% |
| 2025-08-14 | 31.30% |
| 2025-08-13 | 31.30% |
| 2025-08-12 | 31.30% |
| 2025-08-11 | 31.30% |
| 2025-08-08 | 31.29% |
| 2025-08-07 | 31.29% |
| 2025-08-06 | 31.29% |
| 2025-08-05 | 31.30% |
| 2025-08-04 | 31.30% |
| 2025-08-01 | 31.30% |
| 2025-07-31 | 31.29% |
Showing the most recent 260 of 2,528 data points. The chart above shows the full history.
| 29.7% |
| 2019 | $13.28 | $5.16 | 38.9% |
| 2018 | $18.59 | $4.70 | 25.3% |
| 2017 | $11.55 | $3.90 | 33.8% |
| 2016 | $12.30 | $3.50 | 28.5% |
| 2015 | $10.51 | $3.10 | 29.5% |
| 2014 | $9.91 | $2.71 | 27.3% |
| 2013 | $8.50 | $2.38 | 28.0% |
| 2012 | $7.96 | $2.15 | 27.0% |
| 2011 | $7.65 | $1.92 | 25.2% |
| 2010 | $6.91 | $1.66 | 24.1% |
| 2009 | $5.28 | $1.53 | 28.9% |
| 2008 | ($3.77) | $1.42 | N/A (Loss) |
| 2007 | $5.24 | $1.34 | 25.5% |
| 2006 | $4.46 | $1.05 | 23.5% |
| 2005 | $3.93 | $0.91 | 23.2% |
| 2004 | $3.01 | $0.80 | 26.7% |
| 2003 | $2.11 | $0.72 | 34.3% |
| 2002 | $1.87 | $0.72 | 38.7% |
| 2001 | $2.39 | $0.72 | 30.2% |
| 2000 | $4.31 | $0.72 | 16.8% |
| 1999 | $3.37 | $0.72 | 21.4% |
| 1998 | $1.42 | $0.72 | 50.9% |
| 1997 | $3.05 | $0.72 | 23.7% |
| 1996 | $2.11 | $0.72 | 34.3% |
