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 236.71% is 14% below its 5-year average of 274.29%, near the low end of its 5-year range (217.16%–337.32%).
As of Tuesday, September 8, 2026. 16.46% below its 12-month average of 283.35%.
Dividend Payout Ratio (236.71%) = TTM Dividends/Share ($3.24) / TTM EPS ($1.37)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-08.
DIVIDEND PAYOUT RATIO
236.71%
DIVIDEND PAYOUT RATIO AVG TTM
283.35%
DIVIDEND PAYOUT RATIO AVG 3Y
280.88%
DIVIDEND PAYOUT RATIO AVG 5Y
274.29%
DIVIDEND PAYOUT RATIO AVG 10Y
246.39%
DIVIDEND PAYOUT RATIO AVG 15Y
231.34%
DIVIDEND PAYOUT RATIO AVG 20Y
211.29%
CURRENT VS TTM AVG
-16.46%
CURRENT VS 3Y AVG
-15.72%
CURRENT VS 5Y AVG
-13.70%
CURRENT VS 10Y AVG
-3.93%
CURRENT VS 15Y AVG
+2.32%
CURRENT VS 20Y AVG
+12.03%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $1.17 | $3.49 | 298.0% |
| 2024-12-31 | $0.98 | $2.87 | 292.8% |
| 2023-12-31 | $1.26 | $3.06 | 242.8% |
| 2022-12-31 | $1.42 | $3.22 | 226.5% |
| 2021-12-31 | $0.87 | $2.77 | 318.9% |
| 2020-12-31 | $1.15 |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-09-08 | 236.71% |
| 2026-09-04 | 236.73% |
| 2026-09-03 | 236.74% |
| 2026-09-02 | 236.71% |
| 2026-09-01 | 256.36% |
| 2026-08-31 | 256.35% |
| 2026-08-28 | 236.56% |
| 2026-08-27 | 236.57% |
| 2026-08-26 | 236.59% |
| 2026-08-25 | 236.56% |
| 2026-08-24 | 236.57% |
| 2026-08-21 | 236.55% |
| 2026-08-20 | 236.57% |
| 2026-08-19 | 236.57% |
| 2026-08-18 | 236.58% |
| 2026-08-17 | 236.58% |
| 2026-08-14 | 236.59% |
| 2026-08-13 | 236.57% |
| 2026-08-12 | 236.59% |
| 2026-08-11 | 236.59% |
| 2026-08-10 | 236.59% |
| 2026-08-07 | 236.58% |
| 2026-08-06 | 236.58% |
| 2026-08-05 | 236.59% |
| 2026-08-04 | 265.67% |
| 2026-08-03 | 265.64% |
| 2026-07-31 | 287.69% |
| 2026-07-30 | 265.48% |
| 2026-07-29 | 265.49% |
| 2026-07-28 | 265.51% |
| 2026-07-27 | 265.50% |
| 2026-07-24 | 265.49% |
| 2026-07-23 | 265.50% |
| 2026-07-22 | 265.48% |
| 2026-07-21 | 265.49% |
| 2026-07-20 | 265.51% |
| 2026-07-17 | 265.49% |
| 2026-07-16 | 265.47% |
| 2026-07-15 | 265.48% |
| 2026-07-14 | 265.49% |
| 2026-07-13 | 265.50% |
| 2026-07-10 | 265.47% |
| 2026-07-09 | 265.50% |
| 2026-07-08 | 265.50% |
| 2026-07-07 | 265.51% |
| 2026-07-06 | 265.52% |
| 2026-07-02 | 265.50% |
| 2026-07-01 | 265.48% |
| 2026-06-30 | 287.56% |
| 2026-06-29 | 265.32% |
| 2026-06-26 | 265.34% |
| 2026-06-25 | 265.32% |
| 2026-06-24 | 265.32% |
| 2026-06-23 | 265.30% |
| 2026-06-22 | 265.35% |
| 2026-06-18 | 265.34% |
| 2026-06-17 | 265.34% |
| 2026-06-16 | 265.33% |
| 2026-06-15 | 265.30% |
| 2026-06-12 | 265.33% |
| 2026-06-11 | 265.35% |
| 2026-06-10 | 265.33% |
| 2026-06-09 | 265.30% |
| 2026-06-08 | 265.34% |
| 2026-06-05 | 265.33% |
| 2026-06-04 | 265.35% |
| 2026-06-03 | 265.32% |
| 2026-06-02 | 265.35% |
| 2026-06-01 | 287.33% |
| 2026-05-29 | 287.34% |
| 2026-05-28 | 265.19% |
| 2026-05-27 | 265.19% |
| 2026-05-26 | 265.17% |
| 2026-05-22 | 265.18% |
| 2026-05-21 | 265.17% |
| 2026-05-20 | 265.18% |
| 2026-05-19 | 265.15% |
| 2026-05-18 | 265.15% |
| 2026-05-15 | 265.17% |
| 2026-05-14 | 265.18% |
| 2026-05-13 | 265.18% |
| 2026-05-12 | 265.14% |
| 2026-05-11 | 265.14% |
| 2026-05-08 | 265.14% |
| 2026-05-07 | 265.18% |
| 2026-05-06 | 265.18% |
| 2026-05-05 | 276.48% |
| 2026-05-04 | 276.49% |
| 2026-05-01 | 276.50% |
| 2026-04-30 | 299.47% |
| 2026-04-29 | 276.30% |
| 2026-04-28 | 276.34% |
| 2026-04-27 | 276.31% |
| 2026-04-24 | 276.33% |
| 2026-04-23 | 276.33% |
| 2026-04-22 | 276.34% |
| 2026-04-21 | 276.32% |
| 2026-04-20 | 276.34% |
| 2026-04-17 | 276.31% |
| 2026-04-16 | 276.34% |
| 2026-04-15 | 276.34% |
| 2026-04-14 | 276.33% |
| 2026-04-13 | 276.33% |
| 2026-04-10 | 276.34% |
| 2026-04-09 | 276.34% |
| 2026-04-08 | 276.34% |
| 2026-04-07 | 276.33% |
| 2026-04-06 | 276.34% |
| 2026-04-02 | 276.32% |
| 2026-04-01 | 276.33% |
| 2026-03-31 | 299.27% |
| 2026-03-30 | 276.13% |
| 2026-03-27 | 276.14% |
| 2026-03-26 | 276.14% |
| 2026-03-25 | 276.14% |
| 2026-03-24 | 276.18% |
| 2026-03-23 | 276.16% |
| 2026-03-20 | 276.13% |
| 2026-03-19 | 276.16% |
| 2026-03-18 | 276.15% |
| 2026-03-17 | 276.17% |
| 2026-03-16 | 276.17% |
| 2026-03-13 | 276.17% |
| 2026-03-12 | 276.15% |
| 2026-03-11 | 276.17% |
| 2026-03-10 | 276.14% |
| 2026-03-09 | 276.13% |
| 2026-03-06 | 276.18% |
| 2026-03-05 | 276.13% |
| 2026-03-04 | 276.15% |
| 2026-03-03 | 276.16% |
| 2026-03-02 | 299.04% |
| 2026-02-27 | 299.03% |
| 2026-02-26 | 275.97% |
| 2026-02-25 | 275.97% |
| 2026-02-24 | 275.96% |
| 2026-02-23 | 298.98% |
| 2026-02-20 | 298.98% |
| 2026-02-19 | 298.99% |
| 2026-02-18 | 298.98% |
| 2026-02-17 | 298.96% |
| 2026-02-13 | 299.00% |
| 2026-02-12 | 298.97% |
| 2026-02-11 | 298.97% |
| 2026-02-10 | 299.00% |
| 2026-02-09 | 299.00% |
| 2026-02-06 | 299.00% |
| 2026-02-05 | 299.00% |
| 2026-02-04 | 298.96% |
| 2026-02-03 | 299.00% |
| 2026-02-02 | 323.45% |
| 2026-01-30 | 323.43% |
| 2026-01-29 | 298.44% |
| 2026-01-28 | 298.42% |
| 2026-01-27 | 298.44% |
| 2026-01-26 | 298.45% |
| 2026-01-23 | 298.42% |
| 2026-01-22 | 298.41% |
| 2026-01-21 | 298.41% |
| 2026-01-20 | 298.45% |
| 2026-01-16 | 298.42% |
| 2026-01-15 | 298.41% |
| 2026-01-14 | 298.41% |
| 2026-01-13 | 298.41% |
| 2026-01-12 | 298.44% |
| 2026-01-09 | 298.42% |
| 2026-01-08 | 298.41% |
| 2026-01-07 | 298.42% |
| 2026-01-06 | 298.44% |
| 2026-01-05 | 298.40% |
| 2026-01-02 | 298.40% |
| 2025-12-31 | 322.84% |
| 2025-12-30 | 297.90% |
| 2025-12-29 | 297.86% |
| 2025-12-26 | 297.87% |
| 2025-12-24 | 297.86% |
| 2025-12-23 | 297.89% |
| 2025-12-22 | 297.86% |
| 2025-12-19 | 297.89% |
| 2025-12-18 | 297.84% |
| 2025-12-17 | 297.86% |
| 2025-12-16 | 297.90% |
| 2025-12-15 | 297.88% |
| 2025-12-12 | 297.85% |
| 2025-12-11 | 297.86% |
| 2025-12-10 | 297.86% |
| 2025-12-09 | 297.85% |
| 2025-12-08 | 297.85% |
| 2025-12-05 | 297.88% |
| 2025-12-04 | 297.88% |
| 2025-12-03 | 297.89% |
| 2025-12-02 | 297.87% |
| 2025-12-01 | 322.29% |
| 2025-11-28 | 322.25% |
| 2025-11-26 | 297.33% |
| 2025-11-25 | 297.32% |
| 2025-11-24 | 297.34% |
| 2025-11-21 | 297.30% |
| 2025-11-20 | 297.32% |
| 2025-11-19 | 297.32% |
| 2025-11-18 | 297.30% |
| 2025-11-17 | 297.33% |
| 2025-11-14 | 297.30% |
| 2025-11-13 | 297.33% |
| 2025-11-12 | 297.30% |
| 2025-11-11 | 297.34% |
| 2025-11-10 | 297.29% |
| 2025-11-07 | 297.33% |
| 2025-11-06 | 297.33% |
| 2025-11-05 | 297.30% |
| 2025-11-04 | 297.31% |
| 2025-11-03 | 297.32% |
| 2025-10-31 | 337.32% |
| 2025-10-30 | 311.15% |
| 2025-10-29 | 311.16% |
| 2025-10-28 | 311.19% |
| 2025-10-27 | 311.16% |
| 2025-10-24 | 311.15% |
| 2025-10-23 | 311.19% |
| 2025-10-22 | 311.14% |
| 2025-10-21 | 311.16% |
| 2025-10-20 | 311.15% |
| 2025-10-17 | 311.14% |
| 2025-10-16 | 311.15% |
| 2025-10-15 | 311.17% |
| 2025-10-14 | 311.19% |
| 2025-10-13 | 311.17% |
| 2025-10-10 | 311.15% |
| 2025-10-09 | 311.16% |
| 2025-10-08 | 311.16% |
| 2025-10-07 | 311.15% |
| 2025-10-06 | 311.19% |
| 2025-10-03 | 311.16% |
| 2025-10-02 | 311.16% |
| 2025-10-01 | 311.17% |
| 2025-09-30 | 310.59% |
| 2025-09-29 | 310.60% |
| 2025-09-26 | 310.57% |
| 2025-09-25 | 310.59% |
| 2025-09-24 | 310.57% |
| 2025-09-23 | 310.61% |
| 2025-09-22 | 310.58% |
| 2025-09-19 | 310.60% |
| 2025-09-18 | 310.59% |
| 2025-09-17 | 310.58% |
| 2025-09-16 | 310.57% |
| 2025-09-15 | 310.60% |
| 2025-09-12 | 310.58% |
| 2025-09-11 | 310.59% |
| 2025-09-10 | 310.59% |
| 2025-09-09 | 310.60% |
| 2025-09-08 | 310.59% |
| 2025-09-05 | 310.57% |
| 2025-09-04 | 310.57% |
| 2025-09-03 | 310.57% |
| 2025-09-02 | 336.13% |
| 2025-08-29 | 310.01% |
| 2025-08-28 | 310.02% |
| 2025-08-27 | 309.97% |
| 2025-08-26 | 310.02% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| $2.72 |
| 236.3% |
| 2019-12-31 | $1.38 | $2.64 | 191.0% |
| 2018-12-31 | $1.26 | $2.56 | 203.2% |
| 2017-12-31 | $1.10 | $2.46 | 223.8% |
| 2016-12-31 | $1.13 | $2.33 | 206.3% |
| 2015-12-31 | $1.09 | $2.21 | 202.9% |
| 2014-12-31 | $1.03 | $1.95 | 189.0% |
| 2013-12-31 | $1.06 | $2.11 | 199.2% |
| 2012-12-31 | $0.79 | $1.72 | 218.1% |
| 2011-12-31 | $1.05 | $1.69 | 160.9% |
| 2010-12-31 | $1.01 | $1.67 | 165.3% |
| 2009-12-31 | $1.03 | $1.66 | 160.7% |
| 2008-12-31 | $1.06 | $1.62 | 152.4% |
| 2007-12-31 | $1.16 | $1.52 | 131.1% |
| 2006-12-31 | $1.11 | $1.40 | 126.4% |
| 2005-12-31 | $1.12 | $1.31 | 117.1% |
| 2004-12-31 | $1.15 | $1.21 | 105.2% |
| 2003-12-31 | $1.08 | $1.14 | 106.0% |
| 2002-12-31 | $1.02 | $1.12 | 109.5% |
| 2001-12-31 | $0.88 | $1.09 | 123.8% |
| 2000-12-31 | $0.85 | $1.06 | 124.7% |
| 1999-12-31 | $0.76 | $1.02 | 133.6% |
| 1998-12-31 | $0.78 | $0.96 | 122.7% |
| 1997-12-31 | $0.74 | $0.92 | 124.4% |
| 1996-12-31 | $0.70 | $0.75 | 107.1% |
