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 39.80% is in line with its 5-year average of 39.67%, near the low end of its 5-year range (17.02%–108.09%).
As of Thursday, August 13, 2026. 3.51% above its 12-month average of 38.46%.
Dividend Payout Ratio (39.80%) = TTM Dividends/Share ($3.12) / TTM EPS ($7.84)
DIVIDEND PAYOUT RATIO
39.80%
DIVIDEND PAYOUT RATIO AVG TTM
38.46%
DIVIDEND PAYOUT RATIO AVG 3Y
40.27%
DIVIDEND PAYOUT RATIO AVG 5Y
39.67%
DIVIDEND PAYOUT RATIO AVG 10Y
37.61%
DIVIDEND PAYOUT RATIO AVG 15Y
65.10%
DIVIDEND PAYOUT RATIO AVG 20Y
81.15%
CURRENT VS TTM AVG
+3.51%
CURRENT VS 3Y AVG
-1.15%
CURRENT VS 5Y AVG
+0.33%
CURRENT VS 10Y AVG
+5.82%
CURRENT VS 15Y AVG
-38.85%
CURRENT VS 20Y AVG
-50.95%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $10.18 | $4.21 | 41.4% |
| 2024 | $11.69 | $5.44 | 46.5% |
| 2023 | $16.68 | $5.43 | 32.6% |
| 2022 | $18.72 | $2.70 | 14.4% |
| 2021 | $8.65 | $1.80 | 20.8% |
| 2020 | ($9.20) | $1.35 |
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 |
|---|---|
| 2026-08-13 | 39.80% |
| 2026-08-12 | 39.81% |
| 2026-08-11 | 39.81% |
| 2026-08-10 | 39.81% |
| 2026-08-07 | 39.79% |
| 2026-08-06 | 39.81% |
| 2026-08-05 | 39.79% |
| 2026-08-04 | 36.66% |
| 2026-08-03 | 36.65% |
| 2026-07-31 | 36.65% |
| 2026-07-30 | 36.66% |
| 2026-07-29 | 36.66% |
| 2026-07-28 | 36.67% |
| 2026-07-27 | 36.66% |
| 2026-07-24 | 36.68% |
| 2026-07-23 | 36.66% |
| 2026-07-22 | 36.66% |
| 2026-07-21 | 36.66% |
| 2026-07-20 | 36.66% |
| 2026-07-17 | 36.67% |
| 2026-07-16 | 36.65% |
| 2026-07-15 | 36.66% |
| 2026-07-14 | 36.65% |
| 2026-07-13 | 36.67% |
| 2026-07-10 | 36.68% |
| 2026-07-09 | 36.67% |
| 2026-07-08 | 36.67% |
| 2026-07-07 | 36.67% |
| 2026-07-06 | 36.66% |
| 2026-07-02 | 36.67% |
| 2026-07-01 | 36.67% |
| 2026-06-30 | 36.67% |
| 2026-06-29 | 36.65% |
| 2026-06-26 | 36.66% |
| 2026-06-25 | 36.67% |
| 2026-06-24 | 36.65% |
| 2026-06-23 | 36.67% |
| 2026-06-22 | 36.66% |
| 2026-06-18 | 36.65% |
| 2026-06-17 | 36.67% |
| 2026-06-16 | 36.65% |
| 2026-06-15 | 36.67% |
| 2026-06-12 | 36.66% |
| 2026-06-11 | 36.66% |
| 2026-06-10 | 36.67% |
| 2026-06-09 | 36.67% |
| 2026-06-08 | 36.66% |
| 2026-06-05 | 36.67% |
| 2026-06-04 | 36.67% |
| 2026-06-03 | 36.65% |
| 2026-06-02 | 36.66% |
| 2026-06-01 | 36.66% |
| 2026-05-29 | 36.65% |
| 2026-05-28 | 36.67% |
| 2026-05-27 | 36.65% |
| 2026-05-26 | 36.66% |
| 2026-05-22 | 36.68% |
| 2026-05-21 | 36.65% |
| 2026-05-20 | 36.65% |
| 2026-05-19 | 45.46% |
| 2026-05-18 | 36.66% |
| 2026-05-15 | 36.66% |
| 2026-05-14 | 36.67% |
| 2026-05-13 | 36.67% |
| 2026-05-12 | 36.66% |
| 2026-05-11 | 36.66% |
| 2026-05-08 | 36.66% |
| 2026-05-07 | 36.67% |
| 2026-05-06 | 36.66% |
| 2026-05-05 | 31.07% |
| 2026-05-04 | 31.07% |
| 2026-05-01 | 31.07% |
| 2026-04-30 | 31.08% |
| 2026-04-29 | 31.07% |
| 2026-04-28 | 31.09% |
| 2026-04-27 | 31.07% |
| 2026-04-24 | 31.08% |
| 2026-04-23 | 31.06% |
| 2026-04-22 | 31.07% |
| 2026-04-21 | 31.09% |
| 2026-04-20 | 31.08% |
| 2026-04-17 | 31.07% |
| 2026-04-16 | 31.08% |
| 2026-04-15 | 31.08% |
| 2026-04-14 | 31.09% |
| 2026-04-13 | 31.09% |
| 2026-04-10 | 31.07% |
| 2026-04-09 | 31.07% |
| 2026-04-08 | 31.08% |
| 2026-04-07 | 31.07% |
| 2026-04-06 | 31.07% |
| 2026-04-02 | 31.08% |
| 2026-04-01 | 31.07% |
| 2026-03-31 | 31.07% |
| 2026-03-30 | 31.09% |
| 2026-03-27 | 31.07% |
| 2026-03-26 | 31.09% |
| 2026-03-25 | 31.08% |
| 2026-03-24 | 31.08% |
| 2026-03-23 | 31.07% |
| 2026-03-20 | 31.08% |
| 2026-03-19 | 31.07% |
| 2026-03-18 | 31.07% |
| 2026-03-17 | 31.08% |
| 2026-03-16 | 31.07% |
| 2026-03-13 | 31.07% |
| 2026-03-12 | 31.07% |
| 2026-03-11 | 31.09% |
| 2026-03-10 | 43.12% |
| 2026-03-09 | 41.94% |
| 2026-03-06 | 41.92% |
| 2026-03-05 | 41.94% |
| 2026-03-04 | 41.92% |
| 2026-03-03 | 41.94% |
| 2026-03-02 | 41.94% |
| 2026-02-27 | 41.94% |
| 2026-02-26 | 38.55% |
| 2026-02-25 | 38.55% |
| 2026-02-24 | 38.57% |
| 2026-02-23 | 38.56% |
| 2026-02-20 | 38.56% |
| 2026-02-19 | 38.54% |
| 2026-02-18 | 38.54% |
| 2026-02-17 | 45.41% |
| 2026-02-13 | 38.54% |
| 2026-02-12 | 38.55% |
| 2026-02-11 | 38.56% |
| 2026-02-10 | 38.56% |
| 2026-02-09 | 38.56% |
| 2026-02-06 | 38.54% |
| 2026-02-05 | 38.56% |
| 2026-02-04 | 38.55% |
| 2026-02-03 | 38.55% |
| 2026-02-02 | 38.57% |
| 2026-01-30 | 38.54% |
| 2026-01-29 | 38.56% |
| 2026-01-28 | 38.54% |
| 2026-01-27 | 38.56% |
| 2026-01-26 | 38.56% |
| 2026-01-23 | 38.55% |
| 2026-01-22 | 38.55% |
| 2026-01-21 | 38.57% |
| 2026-01-20 | 38.56% |
| 2026-01-16 | 38.56% |
| 2026-01-15 | 38.56% |
| 2026-01-14 | 38.55% |
| 2026-01-13 | 38.56% |
| 2026-01-12 | 38.54% |
| 2026-01-09 | 38.57% |
| 2026-01-08 | 38.54% |
| 2026-01-07 | 38.57% |
| 2026-01-06 | 38.56% |
| 2026-01-05 | 38.53% |
| 2026-01-02 | 38.53% |
| 2025-12-31 | 38.55% |
| 2025-12-30 | 38.56% |
| 2025-12-29 | 38.54% |
| 2025-12-26 | 38.56% |
| 2025-12-24 | 38.57% |
| 2025-12-23 | 38.57% |
| 2025-12-22 | 38.55% |
| 2025-12-19 | 38.55% |
| 2025-12-18 | 38.55% |
| 2025-12-17 | 38.55% |
| 2025-12-16 | 38.53% |
| 2025-12-15 | 38.55% |
| 2025-12-12 | 38.56% |
| 2025-12-11 | 38.54% |
| 2025-12-10 | 38.55% |
| 2025-12-09 | 38.55% |
| 2025-12-08 | 38.54% |
| 2025-12-05 | 38.57% |
| 2025-12-04 | 38.57% |
| 2025-12-03 | 38.54% |
| 2025-12-02 | 38.56% |
| 2025-12-01 | 38.54% |
| 2025-11-28 | 38.55% |
| 2025-11-26 | 38.56% |
| 2025-11-25 | 38.54% |
| 2025-11-24 | 38.54% |
| 2025-11-21 | 38.53% |
| 2025-11-20 | 38.56% |
| 2025-11-19 | 38.53% |
| 2025-11-18 | 45.41% |
| 2025-11-17 | 38.54% |
| 2025-11-14 | 38.57% |
| 2025-11-13 | 38.54% |
| 2025-11-12 | 38.53% |
| 2025-11-11 | 38.56% |
| 2025-11-10 | 38.56% |
| 2025-11-07 | 38.55% |
| 2025-11-06 | 38.56% |
| 2025-11-05 | 38.57% |
| 2025-11-04 | 38.56% |
| 2025-11-03 | 39.58% |
| 2025-10-31 | 39.58% |
| 2025-10-30 | 39.56% |
| 2025-10-29 | 39.57% |
| 2025-10-28 | 39.58% |
| 2025-10-27 | 39.56% |
| 2025-10-24 | 39.55% |
| 2025-10-23 | 39.56% |
| 2025-10-22 | 39.56% |
| 2025-10-21 | 39.58% |
| 2025-10-20 | 39.59% |
| 2025-10-17 | 39.57% |
| 2025-10-16 | 39.56% |
| 2025-10-15 | 39.58% |
| 2025-10-14 | 39.56% |
| 2025-10-13 | 39.55% |
| 2025-10-10 | 39.59% |
| 2025-10-09 | 39.55% |
| 2025-10-08 | 39.57% |
| 2025-10-07 | 39.57% |
| 2025-10-06 | 39.58% |
| 2025-10-03 | 39.56% |
| 2025-10-02 | 39.57% |
| 2025-10-01 | 39.56% |
| 2025-09-30 | 39.57% |
| 2025-09-29 | 39.57% |
| 2025-09-26 | 39.57% |
| 2025-09-25 | 39.59% |
| 2025-09-24 | 39.55% |
| 2025-09-23 | 39.58% |
| 2025-09-22 | 39.56% |
| 2025-09-19 | 39.58% |
| 2025-09-18 | 39.58% |
| 2025-09-17 | 39.55% |
| 2025-09-16 | 39.56% |
| 2025-09-15 | 39.58% |
| 2025-09-12 | 39.56% |
| 2025-09-11 | 39.59% |
| 2025-09-10 | 39.56% |
| 2025-09-09 | 39.58% |
| 2025-09-08 | 39.58% |
| 2025-09-05 | 39.57% |
| 2025-09-04 | 39.56% |
| 2025-09-03 | 39.58% |
| 2025-09-02 | 39.57% |
| 2025-08-29 | 39.56% |
| 2025-08-28 | 39.58% |
| 2025-08-27 | 39.56% |
| 2025-08-26 | 39.56% |
| 2025-08-25 | 39.55% |
| 2025-08-22 | 39.58% |
| 2025-08-21 | 39.56% |
| 2025-08-20 | 39.58% |
| 2025-08-19 | 46.64% |
| 2025-08-18 | 39.56% |
| 2025-08-15 | 39.59% |
| 2025-08-14 | 39.57% |
| 2025-08-13 | 39.58% |
| 2025-08-12 | 39.58% |
| 2025-08-11 | 39.56% |
| 2025-08-08 | 39.55% |
| 2025-08-07 | 39.56% |
| 2025-08-06 | 39.57% |
| 2025-08-05 | 40.46% |
| 2025-08-04 | 40.42% |
| 2025-08-01 | 40.43% |
Showing the most recent 260 of 2,345 data points. The chart above shows the full history.
| N/A (Loss) |
| 2019 | ($4.35) | $2.65 | N/A (Loss) |
| 2018 | $9.16 | $1.80 | 19.7% |
| 2017 | $5.06 | $1.80 | 35.6% |
| 2016 | $7.78 | $1.80 | 23.1% |
| 2015 | ($46.75) | $5.75 | N/A (Loss) |
| 2014 | $9.40 | $14.00 | 148.9% |
| 2013 | $15.40 | $22.00 | 142.9% |
| 2012 | $19.70 | $22.00 | 111.7% |
| 2011 | $5.00 | $21.70 | 434.0% |
| 2010 | $15.40 | $21.60 | 140.3% |
| 2009 | $11.70 | $21.55 | 184.2% |
| 2008 | $19.50 | $20.20 | 103.6% |
| 2007 | $11.10 | $18.35 | 165.3% |
| 2006 | $17.40 | $16.12 | 92.6% |
| 2005 | $16.95 | $14.01 | 82.6% |
| 2004 | $11.45 | $11.88 | 103.7% |
| 2003 | $7.95 | $10.03 | 126.2% |
| 2002 | $1.40 | $0.00 | 0.0% |
| 2001 | $3.20 | $0.00 | 0.0% |
