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 22.74% is 23% below its 5-year average of 29.46%, near the low end of its 5-year range (16.56%–364.58%).
As of Friday, September 11, 2026. 1.54% above its 12-month average of 22.39%.
Dividend Payout Ratio (22.74%) = TTM Dividends/Share ($0.83) / TTM EPS ($3.65)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
22.74%
DIVIDEND PAYOUT RATIO AVG TTM
22.39%
DIVIDEND PAYOUT RATIO AVG 3Y
22.80%
DIVIDEND PAYOUT RATIO AVG 5Y
29.46%
DIVIDEND PAYOUT RATIO AVG 10Y
N/A
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+1.54%
CURRENT VS 3Y AVG
-0.26%
CURRENT VS 5Y AVG
-22.81%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $4.36 | $0.80 | 18.3% |
| 2024-12-31 | $2.00 | $0.76 | 38.0% |
| 2023-12-31 | $3.42 | $0.70 | 20.5% |
| 2022-12-31 | $2.40 | $0.70 | 29.2% |
| 2021-12-31 | $1.63 | $0.70 | 42.9% |
| 2020-12-31 | ($0.28) |
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 | 22.74% |
| 2026-09-10 | 22.74% |
| 2026-09-09 | 22.74% |
| 2026-09-08 | 22.74% |
| 2026-09-04 | 22.74% |
| 2026-09-03 | 22.74% |
| 2026-09-02 | 22.74% |
| 2026-09-01 | 22.74% |
| 2026-08-31 | 22.74% |
| 2026-08-28 | 22.74% |
| 2026-08-27 | 22.74% |
| 2026-08-26 | 22.74% |
| 2026-08-25 | 22.74% |
| 2026-08-24 | 22.74% |
| 2026-08-21 | 22.74% |
| 2026-08-20 | 22.74% |
| 2026-08-19 | 22.74% |
| 2026-08-18 | 22.74% |
| 2026-08-17 | 22.74% |
| 2026-08-14 | 22.74% |
| 2026-08-13 | 22.74% |
| 2026-08-12 | 22.74% |
| 2026-08-11 | 22.74% |
| 2026-08-10 | 22.74% |
| 2026-08-07 | 22.74% |
| 2026-08-06 | 22.74% |
| 2026-08-05 | 22.74% |
| 2026-08-04 | 22.74% |
| 2026-08-03 | 22.74% |
| 2026-07-31 | 27.67% |
| 2026-07-30 | 27.67% |
| 2026-07-29 | 27.67% |
| 2026-07-28 | 27.67% |
| 2026-07-27 | 27.66% |
| 2026-07-24 | 27.67% |
| 2026-07-23 | 20.67% |
| 2026-07-22 | 20.67% |
| 2026-07-21 | 20.67% |
| 2026-07-20 | 20.67% |
| 2026-07-17 | 27.33% |
| 2026-07-16 | 27.34% |
| 2026-07-15 | 27.33% |
| 2026-07-14 | 27.34% |
| 2026-07-13 | 27.33% |
| 2026-07-10 | 27.33% |
| 2026-07-09 | 27.33% |
| 2026-07-08 | 27.34% |
| 2026-07-07 | 27.33% |
| 2026-07-06 | 27.34% |
| 2026-07-02 | 27.34% |
| 2026-07-01 | 27.33% |
| 2026-06-30 | 27.33% |
| 2026-06-29 | 27.33% |
| 2026-06-26 | 27.34% |
| 2026-06-25 | 27.33% |
| 2026-06-24 | 27.33% |
| 2026-06-23 | 27.33% |
| 2026-06-22 | 27.33% |
| 2026-06-18 | 27.33% |
| 2026-06-17 | 27.33% |
| 2026-06-16 | 27.33% |
| 2026-06-15 | 27.33% |
| 2026-06-12 | 27.33% |
| 2026-06-11 | 27.33% |
| 2026-06-10 | 27.33% |
| 2026-06-09 | 27.33% |
| 2026-06-08 | 27.33% |
| 2026-06-05 | 27.34% |
| 2026-06-04 | 27.33% |
| 2026-06-03 | 27.33% |
| 2026-06-02 | 27.33% |
| 2026-06-01 | 27.33% |
| 2026-05-29 | 27.33% |
| 2026-05-28 | 27.33% |
| 2026-05-27 | 27.33% |
| 2026-05-26 | 27.33% |
| 2026-05-22 | 27.33% |
| 2026-05-21 | 27.33% |
| 2026-05-20 | 27.33% |
| 2026-05-19 | 27.33% |
| 2026-05-18 | 27.33% |
| 2026-05-15 | 27.33% |
| 2026-05-14 | 27.33% |
| 2026-05-13 | 27.33% |
| 2026-05-12 | 27.33% |
| 2026-05-11 | 27.33% |
| 2026-05-08 | 27.33% |
| 2026-05-07 | 27.33% |
| 2026-05-06 | 27.33% |
| 2026-05-05 | 27.33% |
| 2026-05-04 | 27.33% |
| 2026-05-01 | 19.11% |
| 2026-04-30 | 19.11% |
| 2026-04-29 | 19.11% |
| 2026-04-28 | 19.12% |
| 2026-04-27 | 19.11% |
| 2026-04-24 | 23.78% |
| 2026-04-23 | 18.88% |
| 2026-04-22 | 18.88% |
| 2026-04-21 | 18.88% |
| 2026-04-20 | 18.88% |
| 2026-04-17 | 18.88% |
| 2026-04-16 | 18.88% |
| 2026-04-15 | 18.88% |
| 2026-04-14 | 18.88% |
| 2026-04-13 | 18.88% |
| 2026-04-10 | 18.88% |
| 2026-04-09 | 18.88% |
| 2026-04-08 | 18.88% |
| 2026-04-07 | 18.88% |
| 2026-04-06 | 18.88% |
| 2026-04-02 | 18.88% |
| 2026-04-01 | 18.88% |
| 2026-03-31 | 18.88% |
| 2026-03-30 | 18.88% |
| 2026-03-27 | 18.88% |
| 2026-03-26 | 18.88% |
| 2026-03-25 | 18.88% |
| 2026-03-24 | 18.88% |
| 2026-03-23 | 18.88% |
| 2026-03-20 | 18.88% |
| 2026-03-19 | 18.88% |
| 2026-03-18 | 18.88% |
| 2026-03-17 | 18.88% |
| 2026-03-16 | 18.88% |
| 2026-03-13 | 18.88% |
| 2026-03-12 | 18.88% |
| 2026-03-11 | 18.88% |
| 2026-03-10 | 18.88% |
| 2026-03-09 | 18.88% |
| 2026-03-06 | 18.88% |
| 2026-03-05 | 18.88% |
| 2026-03-04 | 18.88% |
| 2026-03-03 | 18.88% |
| 2026-03-02 | 18.88% |
| 2026-02-27 | 18.88% |
| 2026-02-26 | 18.88% |
| 2026-02-25 | 18.88% |
| 2026-02-24 | 18.88% |
| 2026-02-23 | 18.88% |
| 2026-02-20 | 18.88% |
| 2026-02-19 | 18.88% |
| 2026-02-18 | 18.88% |
| 2026-02-17 | 22.35% |
| 2026-02-13 | 22.35% |
| 2026-02-12 | 22.35% |
| 2026-02-11 | 22.35% |
| 2026-02-10 | 22.35% |
| 2026-02-09 | 22.35% |
| 2026-02-06 | 22.35% |
| 2026-02-05 | 22.35% |
| 2026-02-04 | 22.35% |
| 2026-02-03 | 22.35% |
| 2026-02-02 | 22.35% |
| 2026-01-30 | 22.35% |
| 2026-01-29 | 22.35% |
| 2026-01-28 | 22.35% |
| 2026-01-27 | 22.35% |
| 2026-01-26 | 22.35% |
| 2026-01-23 | 22.35% |
| 2026-01-22 | 16.56% |
| 2026-01-21 | 16.56% |
| 2026-01-20 | 16.56% |
| 2026-01-16 | 22.07% |
| 2026-01-15 | 22.08% |
| 2026-01-14 | 22.08% |
| 2026-01-13 | 22.08% |
| 2026-01-12 | 22.08% |
| 2026-01-09 | 22.08% |
| 2026-01-08 | 22.08% |
| 2026-01-07 | 22.07% |
| 2026-01-06 | 22.08% |
| 2026-01-05 | 22.08% |
| 2026-01-02 | 22.08% |
| 2025-12-31 | 22.08% |
| 2025-12-30 | 22.08% |
| 2025-12-29 | 22.07% |
| 2025-12-26 | 22.08% |
| 2025-12-24 | 22.08% |
| 2025-12-23 | 22.08% |
| 2025-12-22 | 22.07% |
| 2025-12-19 | 22.08% |
| 2025-12-18 | 22.08% |
| 2025-12-17 | 22.07% |
| 2025-12-16 | 22.08% |
| 2025-12-15 | 22.07% |
| 2025-12-12 | 22.08% |
| 2025-12-11 | 22.08% |
| 2025-12-10 | 22.07% |
| 2025-12-09 | 22.07% |
| 2025-12-08 | 22.08% |
| 2025-12-05 | 22.07% |
| 2025-12-04 | 22.08% |
| 2025-12-03 | 22.08% |
| 2025-12-02 | 22.07% |
| 2025-12-01 | 22.08% |
| 2025-11-28 | 22.08% |
| 2025-11-26 | 22.08% |
| 2025-11-25 | 22.07% |
| 2025-11-24 | 22.08% |
| 2025-11-21 | 22.08% |
| 2025-11-20 | 22.07% |
| 2025-11-19 | 22.08% |
| 2025-11-18 | 22.07% |
| 2025-11-17 | 22.07% |
| 2025-11-14 | 22.07% |
| 2025-11-13 | 22.08% |
| 2025-11-12 | 22.08% |
| 2025-11-11 | 22.08% |
| 2025-11-10 | 22.08% |
| 2025-11-07 | 22.08% |
| 2025-11-06 | 22.08% |
| 2025-11-05 | 22.07% |
| 2025-11-04 | 22.08% |
| 2025-11-03 | 22.08% |
| 2025-10-31 | 22.77% |
| 2025-10-30 | 22.77% |
| 2025-10-29 | 22.77% |
| 2025-10-28 | 22.77% |
| 2025-10-27 | 22.77% |
| 2025-10-24 | 22.76% |
| 2025-10-23 | 22.76% |
| 2025-10-22 | 22.76% |
| 2025-10-21 | 22.77% |
| 2025-10-20 | 22.76% |
| 2025-10-17 | 28.18% |
| 2025-10-16 | 22.48% |
| 2025-10-15 | 22.48% |
| 2025-10-14 | 22.48% |
| 2025-10-13 | 22.49% |
| 2025-10-10 | 22.48% |
| 2025-10-09 | 22.48% |
| 2025-10-08 | 22.48% |
| 2025-10-07 | 22.48% |
| 2025-10-06 | 22.48% |
| 2025-10-03 | 22.48% |
| 2025-10-02 | 22.49% |
| 2025-10-01 | 22.48% |
| 2025-09-30 | 22.48% |
| 2025-09-29 | 22.48% |
| 2025-09-26 | 22.48% |
| 2025-09-25 | 22.48% |
| 2025-09-24 | 22.48% |
| 2025-09-23 | 22.48% |
| 2025-09-22 | 22.48% |
| 2025-09-19 | 22.48% |
| 2025-09-18 | 22.48% |
| 2025-09-17 | 22.48% |
| 2025-09-16 | 22.48% |
| 2025-09-15 | 22.48% |
| 2025-09-12 | 22.48% |
| 2025-09-11 | 22.48% |
| 2025-09-10 | 22.48% |
| 2025-09-09 | 22.48% |
| 2025-09-08 | 22.48% |
| 2025-09-05 | 22.48% |
| 2025-09-04 | 22.48% |
| 2025-09-03 | 22.48% |
| 2025-09-02 | 22.48% |
| 2025-08-29 | 22.48% |
Showing the most recent 260 of 1,849 data points. The chart above shows the full history.
| $0.70 |
| N/A (Loss) |
| 2019-12-31 | $1.30 | $0.70 | 53.8% |
| 2018-12-31 | $1.29 | $0.35 | 27.1% |
