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 71.48% is 18% above its 5-year average of 60.69%, around the middle of its 5-year range (0.00%–122.16%).
As of Thursday, October 1, 2026. 13.45% above its 12-month average of 63.01%.
Dividend Payout Ratio (71.48%) = TTM Dividends/Share ($4.74) / TTM EPS ($6.63)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-01.
DIVIDEND PAYOUT RATIO
71.48%
DIVIDEND PAYOUT RATIO AVG TTM
63.01%
DIVIDEND PAYOUT RATIO AVG 3Y
56.65%
DIVIDEND PAYOUT RATIO AVG 5Y
60.69%
DIVIDEND PAYOUT RATIO AVG 10Y
66.31%
DIVIDEND PAYOUT RATIO AVG 15Y
63.73%
DIVIDEND PAYOUT RATIO AVG 20Y
56.94%
CURRENT VS TTM AVG
+13.45%
CURRENT VS 3Y AVG
+26.18%
CURRENT VS 5Y AVG
+17.78%
CURRENT VS 10Y AVG
+7.80%
CURRENT VS 15Y AVG
+12.17%
CURRENT VS 20Y AVG
+25.55%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $7.25 | $3.99 | 55.1% |
| 2024-12-31 | $5.92 | $3.20 | 54.0% |
| 2023-12-31 | $7.15 | $3.50 | 48.9% |
| 2022-12-31 | $3.19 | $3.33 | 104.2% |
| 2021-12-31 | $10.71 | $3.20 | 29.9% |
| 2020-12-31 | $3.54 |
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 |
|---|---|
| 2026-10-01 | 71.48% |
| 2026-09-30 | 71.48% |
| 2026-09-29 | 71.51% |
| 2026-09-28 | 71.48% |
| 2026-09-25 | 71.50% |
| 2026-09-24 | 71.48% |
| 2026-09-23 | 71.48% |
| 2026-09-22 | 71.50% |
| 2026-09-21 | 71.48% |
| 2026-09-18 | 71.49% |
| 2026-09-17 | 71.48% |
| 2026-09-16 | 71.50% |
| 2026-09-15 | 71.50% |
| 2026-09-14 | 71.48% |
| 2026-09-11 | 71.50% |
| 2026-09-10 | 71.51% |
| 2026-09-09 | 71.51% |
| 2026-09-08 | 71.50% |
| 2026-09-04 | 71.49% |
| 2026-09-03 | 71.50% |
| 2026-09-02 | 71.49% |
| 2026-09-01 | 71.49% |
| 2026-08-31 | 71.51% |
| 2026-08-28 | 71.50% |
| 2026-08-27 | 71.51% |
| 2026-08-26 | 71.49% |
| 2026-08-25 | 71.50% |
| 2026-08-24 | 71.48% |
| 2026-08-21 | 71.49% |
| 2026-08-20 | 71.51% |
| 2026-08-19 | 71.50% |
| 2026-08-18 | 71.49% |
| 2026-08-17 | 71.49% |
| 2026-08-14 | 71.51% |
| 2026-08-13 | 71.48% |
| 2026-08-12 | 71.48% |
| 2026-08-11 | 71.50% |
| 2026-08-10 | 71.50% |
| 2026-08-07 | 71.50% |
| 2026-08-06 | 71.50% |
| 2026-08-05 | 71.48% |
| 2026-08-04 | 71.50% |
| 2026-08-03 | 71.50% |
| 2026-07-31 | 71.49% |
| 2026-07-30 | 71.50% |
| 2026-07-29 | 71.51% |
| 2026-07-28 | 71.50% |
| 2026-07-27 | 71.51% |
| 2026-07-24 | 71.50% |
| 2026-07-23 | 71.50% |
| 2026-07-22 | 71.50% |
| 2026-07-21 | 67.90% |
| 2026-07-20 | 67.92% |
| 2026-07-17 | 67.92% |
| 2026-07-16 | 67.91% |
| 2026-07-15 | 67.90% |
| 2026-07-14 | 67.91% |
| 2026-07-13 | 67.90% |
| 2026-07-10 | 67.91% |
| 2026-07-09 | 67.91% |
| 2026-07-08 | 67.91% |
| 2026-07-07 | 67.92% |
| 2026-07-06 | 67.92% |
| 2026-07-02 | 67.92% |
| 2026-07-01 | 67.90% |
| 2026-06-30 | 67.90% |
| 2026-06-29 | 67.92% |
| 2026-06-26 | 67.93% |
| 2026-06-25 | 67.90% |
| 2026-06-24 | 67.90% |
| 2026-06-23 | 67.90% |
| 2026-06-22 | 67.92% |
| 2026-06-18 | 67.91% |
| 2026-06-17 | 67.92% |
| 2026-06-16 | 67.90% |
| 2026-06-15 | 67.90% |
| 2026-06-12 | 67.91% |
| 2026-06-11 | 67.91% |
| 2026-06-10 | 67.91% |
| 2026-06-09 | 67.90% |
| 2026-06-08 | 67.92% |
| 2026-06-05 | 67.91% |
| 2026-06-04 | 67.91% |
| 2026-06-03 | 67.91% |
| 2026-06-02 | 67.93% |
| 2026-06-01 | 67.91% |
| 2026-05-29 | 67.90% |
| 2026-05-28 | 67.91% |
| 2026-05-27 | 67.91% |
| 2026-05-26 | 67.90% |
| 2026-05-22 | 67.92% |
| 2026-05-21 | 67.91% |
| 2026-05-20 | 67.90% |
| 2026-05-19 | 67.90% |
| 2026-05-18 | 67.92% |
| 2026-05-15 | 67.90% |
| 2026-05-14 | 67.92% |
| 2026-05-13 | 67.90% |
| 2026-05-12 | 67.92% |
| 2026-05-11 | 67.92% |
| 2026-05-08 | 67.91% |
| 2026-05-07 | 67.91% |
| 2026-05-06 | 67.93% |
| 2026-05-05 | 67.93% |
| 2026-05-04 | 67.91% |
| 2026-05-01 | 67.92% |
| 2026-04-30 | 67.91% |
| 2026-04-29 | 67.92% |
| 2026-04-28 | 66.30% |
| 2026-04-27 | 66.31% |
| 2026-04-24 | 66.31% |
| 2026-04-23 | 66.31% |
| 2026-04-22 | 66.28% |
| 2026-04-21 | 66.31% |
| 2026-04-20 | 66.31% |
| 2026-04-17 | 66.28% |
| 2026-04-16 | 66.29% |
| 2026-04-15 | 66.30% |
| 2026-04-14 | 66.29% |
| 2026-04-13 | 66.28% |
| 2026-04-10 | 66.31% |
| 2026-04-09 | 66.31% |
| 2026-04-08 | 66.31% |
| 2026-04-07 | 66.30% |
| 2026-04-06 | 66.31% |
| 2026-04-02 | 66.29% |
| 2026-04-01 | 66.30% |
| 2026-03-31 | 66.29% |
| 2026-03-30 | 66.30% |
| 2026-03-27 | 66.28% |
| 2026-03-26 | 66.31% |
| 2026-03-25 | 66.28% |
| 2026-03-24 | 66.28% |
| 2026-03-23 | 66.29% |
| 2026-03-20 | 66.28% |
| 2026-03-19 | 66.31% |
| 2026-03-18 | 66.29% |
| 2026-03-17 | 66.31% |
| 2026-03-16 | 66.30% |
| 2026-03-13 | 66.30% |
| 2026-03-12 | 66.29% |
| 2026-03-11 | 122.16% |
| 2026-03-10 | 55.86% |
| 2026-03-09 | 55.87% |
| 2026-03-06 | 55.85% |
| 2026-03-05 | 55.86% |
| 2026-03-04 | 55.87% |
| 2026-03-03 | 55.85% |
| 2026-03-02 | 55.86% |
| 2026-02-27 | 55.85% |
| 2026-02-26 | 55.86% |
| 2026-02-25 | 55.87% |
| 2026-02-24 | 55.86% |
| 2026-02-23 | 55.85% |
| 2026-02-20 | 55.86% |
| 2026-02-19 | 55.87% |
| 2026-02-18 | 55.86% |
| 2026-02-17 | 55.86% |
| 2026-02-13 | 55.86% |
| 2026-02-12 | 55.85% |
| 2026-02-11 | 55.87% |
| 2026-02-10 | 55.87% |
| 2026-02-09 | 55.87% |
| 2026-02-06 | 55.87% |
| 2026-02-05 | 55.86% |
| 2026-02-04 | 54.64% |
| 2026-02-03 | 54.64% |
| 2026-02-02 | 54.63% |
| 2026-01-30 | 54.64% |
| 2026-01-29 | 54.64% |
| 2026-01-28 | 54.64% |
| 2026-01-27 | 54.63% |
| 2026-01-26 | 54.64% |
| 2026-01-23 | 54.64% |
| 2026-01-22 | 54.65% |
| 2026-01-21 | 54.63% |
| 2026-01-20 | 54.63% |
| 2026-01-16 | 54.65% |
| 2026-01-15 | 54.63% |
| 2026-01-14 | 54.62% |
| 2026-01-13 | 54.63% |
| 2026-01-12 | 54.64% |
| 2026-01-09 | 54.63% |
| 2026-01-08 | 54.63% |
| 2026-01-07 | 54.63% |
| 2026-01-06 | 54.63% |
| 2026-01-05 | 54.65% |
| 2026-01-02 | 54.63% |
| 2025-12-31 | 54.64% |
| 2025-12-30 | 54.65% |
| 2025-12-29 | 54.63% |
| 2025-12-26 | 54.64% |
| 2025-12-24 | 54.64% |
| 2025-12-23 | 54.63% |
| 2025-12-22 | 54.63% |
| 2025-12-19 | 54.63% |
| 2025-12-18 | 54.62% |
| 2025-12-17 | 54.63% |
| 2025-12-16 | 54.63% |
| 2025-12-15 | 54.63% |
| 2025-12-12 | 54.65% |
| 2025-12-11 | 54.65% |
| 2025-12-10 | 54.65% |
| 2025-12-09 | 54.63% |
| 2025-12-08 | 54.65% |
| 2025-12-05 | 54.64% |
| 2025-12-04 | 54.65% |
| 2025-12-03 | 54.63% |
| 2025-12-02 | 54.65% |
| 2025-12-01 | 54.63% |
| 2025-11-28 | 54.64% |
| 2025-11-26 | 54.62% |
| 2025-11-25 | 54.64% |
| 2025-11-24 | 54.64% |
| 2025-11-21 | 54.65% |
| 2025-11-20 | 54.63% |
| 2025-11-19 | 54.65% |
| 2025-11-18 | 54.63% |
| 2025-11-17 | 54.65% |
| 2025-11-14 | 54.65% |
| 2025-11-13 | 54.65% |
| 2025-11-12 | 54.65% |
| 2025-11-11 | 54.63% |
| 2025-11-10 | 54.63% |
| 2025-11-07 | 54.62% |
| 2025-11-06 | 54.62% |
| 2025-11-05 | 54.64% |
| 2025-11-04 | 54.63% |
| 2025-11-03 | 54.62% |
| 2025-10-31 | 54.62% |
| 2025-10-30 | 54.63% |
| 2025-10-29 | 54.63% |
| 2025-10-28 | 58.21% |
| 2025-10-27 | 58.24% |
| 2025-10-24 | 58.21% |
| 2025-10-23 | 58.22% |
| 2025-10-22 | 58.22% |
| 2025-10-21 | 58.23% |
| 2025-10-20 | 58.22% |
| 2025-10-17 | 58.22% |
| 2025-10-16 | 58.21% |
| 2025-10-15 | 58.23% |
| 2025-10-14 | 58.23% |
| 2025-10-13 | 58.21% |
| 2025-10-10 | 58.21% |
| 2025-10-09 | 58.21% |
| 2025-10-08 | 58.23% |
| 2025-10-07 | 58.23% |
| 2025-10-06 | 58.23% |
| 2025-10-03 | 58.22% |
| 2025-10-02 | 58.22% |
| 2025-10-01 | 58.22% |
| 2025-09-30 | 58.21% |
| 2025-09-29 | 58.22% |
| 2025-09-26 | 58.21% |
| 2025-09-25 | 58.23% |
| 2025-09-24 | 58.22% |
| 2025-09-23 | 58.21% |
| 2025-09-22 | 58.21% |
| 2025-09-19 | 58.22% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $3.09 |
| 87.2% |
| 2018-12-31 | $5.44 | $2.67 | 49.0% |
| 2017-12-31 | $3.28 | $2.46 | 75.0% |
| 2016-12-31 | $2.82 | $2.47 | 87.8% |
| 2015-12-31 | $7.40 | $2.52 | 34.1% |
| 2014-12-31 | $4.21 | $2.44 | 57.9% |
| 2013-12-31 | $3.76 | $2.27 | 60.3% |
| 2012-12-31 | $3.93 | $2.20 | 56.1% |
| 2011-12-31 | $3.75 | $2.11 | 56.2% |
| 2010-12-31 | $4.28 | $1.78 | 41.6% |
| 2009-12-31 | $3.70 | $1.54 | 41.7% |
| 2008-12-31 | $3.62 | $1.32 | 36.4% |
| 2007-12-31 | $5.15 | $0.97 | 18.8% |
| 2006-12-31 | $3.06 | $0.80 | 26.2% |
| 2005-12-31 | $2.63 | $0.86 | 32.8% |
| 2004-12-31 | $2.28 | $0.72 | 31.7% |
| 2003-12-31 | $1.99 | $0.63 | 31.5% |
| 2002-12-31 | $1.88 | $0.47 | 24.9% |
| 2001-12-31 | $1.49 | $0.45 | 30.2% |
| 2000-12-31 | $1.70 | $1.37 | 80.4% |
