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 96.38% is 22% above its 5-year average of 78.83%, around the middle of its 5-year range (59.63%–120.24%).
As of Monday, October 5, 2026. 7.81% above its 12-month average of 89.40%.
Dividend Payout Ratio (96.38%) = TTM Dividends/Share ($2.67) / TTM EPS ($2.77)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
96.38%
DIVIDEND PAYOUT RATIO AVG TTM
89.40%
DIVIDEND PAYOUT RATIO AVG 3Y
80.48%
DIVIDEND PAYOUT RATIO AVG 5Y
78.83%
DIVIDEND PAYOUT RATIO AVG 10Y
71.38%
DIVIDEND PAYOUT RATIO AVG 15Y
67.53%
DIVIDEND PAYOUT RATIO AVG 20Y
67.02%
CURRENT VS TTM AVG
+7.81%
CURRENT VS 3Y AVG
+19.75%
CURRENT VS 5Y AVG
+22.26%
CURRENT VS 10Y AVG
+35.01%
CURRENT VS 15Y AVG
+42.71%
CURRENT VS 20Y AVG
+43.81%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $2.95 | $2.64 | 89.5% |
| 2024-12-31 | $3.66 | $2.60 | 71.0% |
| 2023-12-31 | $3.22 | $2.56 | 79.5% |
| 2022-12-31 | $3.28 | $2.52 | 76.8% |
| 2021-12-31 | $3.61 | $2.48 | 68.7% |
| 2020-12-31 | $3.07 |
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 |
|---|---|
| 2026-10-05 | 96.38% |
| 2026-10-02 | 96.40% |
| 2026-10-01 | 96.39% |
| 2026-09-30 | 96.41% |
| 2026-09-29 | 96.40% |
| 2026-09-28 | 96.39% |
| 2026-09-25 | 96.38% |
| 2026-09-24 | 96.37% |
| 2026-09-23 | 96.38% |
| 2026-09-22 | 96.38% |
| 2026-09-21 | 96.39% |
| 2026-09-18 | 96.40% |
| 2026-09-17 | 96.40% |
| 2026-09-16 | 96.40% |
| 2026-09-15 | 96.38% |
| 2026-09-14 | 120.20% |
| 2026-09-11 | 120.23% |
| 2026-09-10 | 120.20% |
| 2026-09-09 | 120.23% |
| 2026-09-08 | 120.20% |
| 2026-09-04 | 120.21% |
| 2026-09-03 | 120.24% |
| 2026-09-02 | 120.22% |
| 2026-09-01 | 120.22% |
| 2026-08-31 | 120.23% |
| 2026-08-28 | 120.23% |
| 2026-08-27 | 120.24% |
| 2026-08-26 | 120.24% |
| 2026-08-25 | 120.22% |
| 2026-08-24 | 120.23% |
| 2026-08-21 | 120.21% |
| 2026-08-20 | 120.20% |
| 2026-08-19 | 120.22% |
| 2026-08-18 | 120.21% |
| 2026-08-17 | 120.23% |
| 2026-08-14 | 96.01% |
| 2026-08-13 | 96.03% |
| 2026-08-12 | 96.02% |
| 2026-08-11 | 96.05% |
| 2026-08-10 | 96.02% |
| 2026-08-07 | 96.05% |
| 2026-08-06 | 96.04% |
| 2026-08-05 | 96.03% |
| 2026-08-04 | 96.03% |
| 2026-08-03 | 96.01% |
| 2026-07-31 | 96.04% |
| 2026-07-30 | 96.02% |
| 2026-07-29 | 97.80% |
| 2026-07-28 | 97.80% |
| 2026-07-27 | 97.78% |
| 2026-07-24 | 97.81% |
| 2026-07-23 | 97.78% |
| 2026-07-22 | 97.81% |
| 2026-07-21 | 97.81% |
| 2026-07-20 | 97.81% |
| 2026-07-17 | 97.78% |
| 2026-07-16 | 97.80% |
| 2026-07-15 | 97.80% |
| 2026-07-14 | 97.81% |
| 2026-07-13 | 97.79% |
| 2026-07-10 | 97.79% |
| 2026-07-09 | 97.79% |
| 2026-07-08 | 97.81% |
| 2026-07-07 | 97.79% |
| 2026-07-06 | 97.79% |
| 2026-07-02 | 97.79% |
| 2026-07-01 | 97.80% |
| 2026-06-30 | 97.79% |
| 2026-06-29 | 97.79% |
| 2026-06-26 | 97.78% |
| 2026-06-25 | 97.78% |
| 2026-06-24 | 97.80% |
| 2026-06-23 | 97.78% |
| 2026-06-22 | 97.79% |
| 2026-06-18 | 97.79% |
| 2026-06-17 | 97.81% |
| 2026-06-16 | 97.79% |
| 2026-06-15 | 97.80% |
| 2026-06-12 | 97.42% |
| 2026-06-11 | 97.44% |
| 2026-06-10 | 97.42% |
| 2026-06-09 | 97.44% |
| 2026-06-08 | 97.43% |
| 2026-06-05 | 97.43% |
| 2026-06-04 | 97.42% |
| 2026-06-03 | 97.44% |
| 2026-06-02 | 97.42% |
| 2026-06-01 | 97.41% |
| 2026-05-29 | 97.43% |
| 2026-05-28 | 97.43% |
| 2026-05-27 | 97.43% |
| 2026-05-26 | 97.42% |
| 2026-05-22 | 97.41% |
| 2026-05-21 | 97.41% |
| 2026-05-20 | 97.42% |
| 2026-05-19 | 97.42% |
| 2026-05-18 | 97.43% |
| 2026-05-15 | 97.41% |
| 2026-05-14 | 97.42% |
| 2026-05-13 | 97.43% |
| 2026-05-12 | 97.44% |
| 2026-05-11 | 97.43% |
| 2026-05-08 | 97.41% |
| 2026-05-07 | 97.42% |
| 2026-05-06 | 97.42% |
| 2026-05-05 | 97.43% |
| 2026-05-04 | 97.41% |
| 2026-05-01 | 97.42% |
| 2026-04-30 | 97.44% |
| 2026-04-29 | 90.15% |
| 2026-04-28 | 90.14% |
| 2026-04-27 | 90.15% |
| 2026-04-24 | 90.12% |
| 2026-04-23 | 90.13% |
| 2026-04-22 | 90.14% |
| 2026-04-21 | 90.15% |
| 2026-04-20 | 90.13% |
| 2026-04-17 | 90.12% |
| 2026-04-16 | 90.13% |
| 2026-04-15 | 90.13% |
| 2026-04-14 | 90.15% |
| 2026-04-13 | 90.14% |
| 2026-04-10 | 90.15% |
| 2026-04-09 | 90.13% |
| 2026-04-08 | 90.14% |
| 2026-04-07 | 90.12% |
| 2026-04-06 | 90.15% |
| 2026-04-02 | 90.14% |
| 2026-04-01 | 90.13% |
| 2026-03-31 | 90.14% |
| 2026-03-30 | 90.13% |
| 2026-03-27 | 90.12% |
| 2026-03-26 | 90.14% |
| 2026-03-25 | 90.13% |
| 2026-03-24 | 90.12% |
| 2026-03-23 | 90.13% |
| 2026-03-20 | 90.13% |
| 2026-03-19 | 90.13% |
| 2026-03-18 | 90.13% |
| 2026-03-17 | 90.15% |
| 2026-03-16 | 90.13% |
| 2026-03-13 | 112.57% |
| 2026-03-12 | 89.78% |
| 2026-03-11 | 89.80% |
| 2026-03-10 | 89.79% |
| 2026-03-09 | 89.79% |
| 2026-03-06 | 89.79% |
| 2026-03-05 | 89.81% |
| 2026-03-04 | 89.80% |
| 2026-03-03 | 89.78% |
| 2026-03-02 | 89.79% |
| 2026-02-27 | 89.81% |
| 2026-02-26 | 89.80% |
| 2026-02-25 | 89.79% |
| 2026-02-24 | 89.79% |
| 2026-02-23 | 89.81% |
| 2026-02-20 | 89.81% |
| 2026-02-19 | 89.78% |
| 2026-02-18 | 89.81% |
| 2026-02-17 | 89.78% |
| 2026-02-13 | 89.79% |
| 2026-02-12 | 89.80% |
| 2026-02-11 | 74.78% |
| 2026-02-10 | 74.78% |
| 2026-02-09 | 74.80% |
| 2026-02-06 | 74.77% |
| 2026-02-05 | 74.77% |
| 2026-02-04 | 74.80% |
| 2026-02-03 | 74.77% |
| 2026-02-02 | 74.80% |
| 2026-01-30 | 74.77% |
| 2026-01-29 | 74.79% |
| 2026-01-28 | 74.79% |
| 2026-01-27 | 74.77% |
| 2026-01-26 | 74.79% |
| 2026-01-23 | 74.80% |
| 2026-01-22 | 74.78% |
| 2026-01-21 | 74.80% |
| 2026-01-20 | 74.79% |
| 2026-01-16 | 74.77% |
| 2026-01-15 | 74.79% |
| 2026-01-14 | 74.78% |
| 2026-01-13 | 74.77% |
| 2026-01-12 | 74.80% |
| 2026-01-09 | 74.79% |
| 2026-01-08 | 74.77% |
| 2026-01-07 | 74.79% |
| 2026-01-06 | 74.81% |
| 2026-01-05 | 74.77% |
| 2026-01-02 | 74.78% |
| 2025-12-31 | 74.77% |
| 2025-12-30 | 74.80% |
| 2025-12-29 | 74.77% |
| 2025-12-26 | 74.81% |
| 2025-12-24 | 74.80% |
| 2025-12-23 | 74.80% |
| 2025-12-22 | 74.77% |
| 2025-12-19 | 74.80% |
| 2025-12-18 | 74.79% |
| 2025-12-17 | 74.77% |
| 2025-12-16 | 74.77% |
| 2025-12-15 | 74.79% |
| 2025-12-12 | 74.51% |
| 2025-12-11 | 74.51% |
| 2025-12-10 | 74.50% |
| 2025-12-09 | 74.50% |
| 2025-12-08 | 74.50% |
| 2025-12-05 | 74.52% |
| 2025-12-04 | 74.49% |
| 2025-12-03 | 74.50% |
| 2025-12-02 | 74.50% |
| 2025-12-01 | 74.49% |
| 2025-11-28 | 74.50% |
| 2025-11-26 | 74.52% |
| 2025-11-25 | 74.49% |
| 2025-11-24 | 74.52% |
| 2025-11-21 | 74.51% |
| 2025-11-20 | 74.52% |
| 2025-11-19 | 74.50% |
| 2025-11-18 | 74.52% |
| 2025-11-17 | 74.52% |
| 2025-11-14 | 74.49% |
| 2025-11-13 | 74.49% |
| 2025-11-12 | 74.51% |
| 2025-11-11 | 74.49% |
| 2025-11-10 | 74.50% |
| 2025-11-07 | 74.51% |
| 2025-11-06 | 74.51% |
| 2025-11-05 | 74.49% |
| 2025-11-04 | 74.51% |
| 2025-11-03 | 74.50% |
| 2025-10-31 | 74.49% |
| 2025-10-30 | 74.52% |
| 2025-10-29 | 71.65% |
| 2025-10-28 | 71.66% |
| 2025-10-27 | 71.64% |
| 2025-10-24 | 71.66% |
| 2025-10-23 | 71.68% |
| 2025-10-22 | 71.65% |
| 2025-10-21 | 71.65% |
| 2025-10-20 | 71.67% |
| 2025-10-17 | 71.66% |
| 2025-10-16 | 71.66% |
| 2025-10-15 | 71.68% |
| 2025-10-14 | 71.65% |
| 2025-10-13 | 71.66% |
| 2025-10-10 | 71.64% |
| 2025-10-09 | 71.67% |
| 2025-10-08 | 71.68% |
| 2025-10-07 | 71.68% |
| 2025-10-06 | 71.64% |
| 2025-10-03 | 71.66% |
| 2025-10-02 | 71.66% |
| 2025-10-01 | 71.66% |
| 2025-09-30 | 71.66% |
| 2025-09-29 | 71.64% |
| 2025-09-26 | 71.67% |
| 2025-09-25 | 71.67% |
| 2025-09-24 | 71.67% |
| 2025-09-23 | 71.66% |
Showing the most recent 260 of 2,473 data points. The chart above shows the full history.
| $2.40 |
| 78.2% |
| 2019-12-31 | $4.01 | $2.30 | 57.4% |
| 2018-12-31 | $3.94 | $2.20 | 55.8% |
| 2017-12-31 | $3.35 | $2.10 | 62.7% |
| 2016-12-31 | $3.40 | $2.00 | 58.8% |
| 2015-12-31 | $3.20 | $1.92 | 60.0% |
| 2014-12-31 | $3.01 | $1.60 | 53.2% |
| 2013-12-31 | $2.46 | $1.52 | 61.8% |
| 2012-12-31 | $2.67 | $1.48 | 55.4% |
| 2011-12-31 | $2.55 | $1.44 | 56.5% |
| 2010-12-31 | $2.41 | $1.36 | 56.4% |
| 2009-12-31 | $2.03 | $1.34 | 66.0% |
| 2008-12-31 | $1.78 | $1.32 | 74.2% |
