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 11.94% is 23% above its 5-year average of 9.72%, near the high end of its 5-year range (5.45%–13.50%).
As of Wednesday, July 29, 2026. 11.15% above its 12-month average of 10.74%.
Dividend Payout Ratio (11.94%) = TTM Dividends/Share ($0.83) / TTM EPS ($6.95)
DIVIDEND PAYOUT RATIO
11.94%
DIVIDEND PAYOUT RATIO AVG TTM
10.74%
DIVIDEND PAYOUT RATIO AVG 3Y
10.00%
DIVIDEND PAYOUT RATIO AVG 5Y
9.72%
DIVIDEND PAYOUT RATIO AVG 10Y
13.57%
DIVIDEND PAYOUT RATIO AVG 15Y
15.57%
DIVIDEND PAYOUT RATIO AVG 20Y
19.74%
CURRENT VS TTM AVG
+11.15%
CURRENT VS 3Y AVG
+19.47%
CURRENT VS 5Y AVG
+22.91%
CURRENT VS 10Y AVG
-11.99%
CURRENT VS 15Y AVG
-23.28%
CURRENT VS 20Y AVG
-39.50%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $7.17 | $0.80 | 11.2% |
| 2024 | $7.56 | $0.80 | 10.6% |
| 2023 | $12.87 | $0.80 | 6.2% |
| 2022 | $11.03 | $0.60 | 5.4% |
| 2021 | $7.28 | $0.80 | 11.0% |
| 2020 | $6.05 | $0.80 |
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 |
|---|---|
| 2026-07-28 | 11.94% |
| 2026-07-27 | 11.94% |
| 2026-07-24 | 11.94% |
| 2026-07-23 | 11.94% |
| 2026-07-22 | 11.94% |
| 2026-07-21 | 11.94% |
| 2026-07-20 | 11.94% |
| 2026-07-17 | 11.94% |
| 2026-07-16 | 11.94% |
| 2026-07-15 | 11.94% |
| 2026-07-14 | 11.94% |
| 2026-07-13 | 11.94% |
| 2026-07-10 | 11.94% |
| 2026-07-09 | 11.94% |
| 2026-07-08 | 11.94% |
| 2026-07-07 | 11.94% |
| 2026-07-06 | 11.94% |
| 2026-07-02 | 11.94% |
| 2026-07-01 | 11.94% |
| 2026-06-30 | 11.80% |
| 2026-06-29 | 11.80% |
| 2026-06-26 | 11.80% |
| 2026-06-25 | 11.80% |
| 2026-06-24 | 11.80% |
| 2026-06-23 | 11.80% |
| 2026-06-22 | 11.80% |
| 2026-06-18 | 11.80% |
| 2026-06-17 | 11.80% |
| 2026-06-16 | 11.80% |
| 2026-06-15 | 11.80% |
| 2026-06-12 | 11.80% |
| 2026-06-11 | 11.80% |
| 2026-06-10 | 11.80% |
| 2026-06-09 | 11.80% |
| 2026-06-08 | 11.80% |
| 2026-06-05 | 11.80% |
| 2026-06-04 | 11.80% |
| 2026-06-03 | 11.80% |
| 2026-06-02 | 11.80% |
| 2026-06-01 | 11.80% |
| 2026-05-29 | 11.80% |
| 2026-05-28 | 11.80% |
| 2026-05-27 | 11.80% |
| 2026-05-26 | 11.80% |
| 2026-05-22 | 11.80% |
| 2026-05-21 | 11.80% |
| 2026-05-20 | 11.80% |
| 2026-05-19 | 11.80% |
| 2026-05-18 | 11.80% |
| 2026-05-15 | 11.80% |
| 2026-05-14 | 11.80% |
| 2026-05-13 | 11.80% |
| 2026-05-12 | 11.80% |
| 2026-05-11 | 11.80% |
| 2026-05-08 | 11.80% |
| 2026-05-07 | 11.80% |
| 2026-05-06 | 11.80% |
| 2026-05-05 | 11.80% |
| 2026-05-04 | 11.80% |
| 2026-05-01 | 11.80% |
| 2026-04-30 | 11.80% |
| 2026-04-29 | 11.48% |
| 2026-04-28 | 11.48% |
| 2026-04-27 | 11.48% |
| 2026-04-24 | 11.48% |
| 2026-04-23 | 11.48% |
| 2026-04-22 | 11.49% |
| 2026-04-21 | 11.48% |
| 2026-04-20 | 11.48% |
| 2026-04-17 | 11.48% |
| 2026-04-16 | 11.49% |
| 2026-04-15 | 11.48% |
| 2026-04-14 | 11.49% |
| 2026-04-13 | 11.48% |
| 2026-04-10 | 11.48% |
| 2026-04-09 | 11.48% |
| 2026-04-08 | 11.48% |
| 2026-04-07 | 11.49% |
| 2026-04-06 | 11.48% |
| 2026-04-02 | 11.49% |
| 2026-04-01 | 11.49% |
| 2026-03-31 | 11.34% |
| 2026-03-30 | 11.34% |
| 2026-03-27 | 11.34% |
| 2026-03-26 | 11.34% |
| 2026-03-25 | 11.34% |
| 2026-03-24 | 11.34% |
| 2026-03-23 | 11.35% |
| 2026-03-20 | 11.35% |
| 2026-03-19 | 11.34% |
| 2026-03-18 | 11.34% |
| 2026-03-17 | 11.34% |
| 2026-03-16 | 11.34% |
| 2026-03-13 | 11.35% |
| 2026-03-12 | 11.34% |
| 2026-03-11 | 11.35% |
| 2026-03-10 | 11.34% |
| 2026-03-09 | 11.34% |
| 2026-03-06 | 11.34% |
| 2026-03-05 | 11.35% |
| 2026-03-04 | 10.73% |
| 2026-03-03 | 10.73% |
| 2026-03-02 | 10.73% |
| 2026-02-27 | 10.73% |
| 2026-02-26 | 10.73% |
| 2026-02-25 | 10.73% |
| 2026-02-24 | 10.73% |
| 2026-02-23 | 10.73% |
| 2026-02-20 | 10.73% |
| 2026-02-19 | 10.73% |
| 2026-02-18 | 10.73% |
| 2026-02-17 | 10.73% |
| 2026-02-13 | 10.73% |
| 2026-02-12 | 10.73% |
| 2026-02-11 | 10.73% |
| 2026-02-10 | 10.73% |
| 2026-02-09 | 10.73% |
| 2026-02-06 | 10.73% |
| 2026-02-05 | 10.73% |
| 2026-02-04 | 10.73% |
| 2026-02-03 | 10.73% |
| 2026-02-02 | 10.73% |
| 2026-01-30 | 10.73% |
| 2026-01-29 | 10.73% |
| 2026-01-28 | 10.73% |
| 2026-01-27 | 10.73% |
| 2026-01-26 | 10.73% |
| 2026-01-23 | 10.73% |
| 2026-01-22 | 10.73% |
| 2026-01-21 | 10.73% |
| 2026-01-20 | 10.73% |
| 2026-01-16 | 10.73% |
| 2026-01-15 | 10.73% |
| 2026-01-14 | 10.73% |
| 2026-01-13 | 10.73% |
| 2026-01-12 | 10.73% |
| 2026-01-09 | 10.73% |
| 2026-01-08 | 10.73% |
| 2026-01-07 | 10.73% |
| 2026-01-06 | 13.38% |
| 2026-01-05 | 13.38% |
| 2026-01-02 | 10.60% |
| 2025-12-31 | 10.60% |
| 2025-12-30 | 10.60% |
| 2025-12-29 | 10.59% |
| 2025-12-26 | 10.60% |
| 2025-12-24 | 10.60% |
| 2025-12-23 | 10.60% |
| 2025-12-22 | 10.60% |
| 2025-12-19 | 10.60% |
| 2025-12-18 | 10.60% |
| 2025-12-17 | 10.60% |
| 2025-12-16 | 10.59% |
| 2025-12-15 | 10.60% |
| 2025-12-12 | 10.60% |
| 2025-12-11 | 10.60% |
| 2025-12-10 | 10.60% |
| 2025-12-09 | 10.60% |
| 2025-12-08 | 10.59% |
| 2025-12-05 | 10.60% |
| 2025-12-04 | 10.60% |
| 2025-12-03 | 10.60% |
| 2025-12-02 | 10.60% |
| 2025-12-01 | 10.60% |
| 2025-11-28 | 10.60% |
| 2025-11-26 | 10.59% |
| 2025-11-25 | 10.60% |
| 2025-11-24 | 10.60% |
| 2025-11-21 | 10.60% |
| 2025-11-20 | 10.60% |
| 2025-11-19 | 10.60% |
| 2025-11-18 | 10.60% |
| 2025-11-17 | 10.59% |
| 2025-11-14 | 10.59% |
| 2025-11-13 | 10.60% |
| 2025-11-12 | 10.60% |
| 2025-11-11 | 10.60% |
| 2025-11-10 | 10.59% |
| 2025-11-07 | 10.60% |
| 2025-11-06 | 10.60% |
| 2025-11-05 | 10.60% |
| 2025-11-04 | 10.60% |
| 2025-11-03 | 10.60% |
| 2025-10-31 | 10.59% |
| 2025-10-30 | 10.60% |
| 2025-10-29 | 9.35% |
| 2025-10-28 | 9.35% |
| 2025-10-27 | 9.34% |
| 2025-10-24 | 9.35% |
| 2025-10-23 | 9.35% |
| 2025-10-22 | 9.35% |
| 2025-10-21 | 9.35% |
| 2025-10-20 | 9.35% |
| 2025-10-17 | 9.35% |
| 2025-10-16 | 9.35% |
| 2025-10-15 | 9.34% |
| 2025-10-14 | 9.35% |
| 2025-10-13 | 9.34% |
| 2025-10-10 | 9.35% |
| 2025-10-09 | 9.35% |
| 2025-10-08 | 9.34% |
| 2025-10-07 | 9.34% |
| 2025-10-06 | 9.35% |
| 2025-10-03 | 9.35% |
| 2025-10-02 | 9.35% |
| 2025-10-01 | 9.35% |
| 2025-09-30 | 9.34% |
| 2025-09-29 | 9.34% |
| 2025-09-26 | 9.35% |
| 2025-09-25 | 9.34% |
| 2025-09-24 | 9.35% |
| 2025-09-23 | 9.35% |
| 2025-09-22 | 9.34% |
| 2025-09-19 | 9.34% |
| 2025-09-18 | 9.35% |
| 2025-09-17 | 9.35% |
| 2025-09-16 | 9.35% |
| 2025-09-15 | 9.35% |
| 2025-09-12 | 9.35% |
| 2025-09-11 | 9.34% |
| 2025-09-10 | 9.34% |
| 2025-09-09 | 9.35% |
| 2025-09-08 | 9.34% |
| 2025-09-05 | 9.35% |
| 2025-09-04 | 9.34% |
| 2025-09-03 | 9.34% |
| 2025-09-02 | 9.34% |
| 2025-08-29 | 9.35% |
| 2025-08-28 | 9.35% |
| 2025-08-27 | 9.35% |
| 2025-08-26 | 9.35% |
| 2025-08-25 | 9.35% |
| 2025-08-22 | 9.34% |
| 2025-08-21 | 9.34% |
| 2025-08-20 | 9.35% |
| 2025-08-19 | 9.35% |
| 2025-08-18 | 9.34% |
| 2025-08-15 | 9.35% |
| 2025-08-14 | 9.35% |
| 2025-08-13 | 9.35% |
| 2025-08-12 | 9.34% |
| 2025-08-11 | 9.34% |
| 2025-08-08 | 9.35% |
| 2025-08-07 | 9.34% |
| 2025-08-06 | 9.35% |
| 2025-08-05 | 9.35% |
| 2025-08-04 | 9.35% |
| 2025-08-01 | 9.34% |
| 2025-07-31 | 9.35% |
| 2025-07-30 | 10.14% |
| 2025-07-29 | 10.14% |
| 2025-07-28 | 10.14% |
| 2025-07-25 | 10.14% |
| 2025-07-24 | 10.14% |
| 2025-07-23 | 10.14% |
| 2025-07-22 | 10.14% |
| 2025-07-21 | 10.14% |
| 2025-07-18 | 10.14% |
| 2025-07-17 | 10.14% |
| 2025-07-16 | 10.14% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 13.2% |
| 2019 | $4.63 | $0.80 | 17.3% |
| 2018 | $5.28 | $0.80 | 15.2% |
| 2017 | $2.48 | $0.80 | 32.3% |
| 2016 | $2.95 | $0.80 | 27.1% |
| 2015 | $1.25 | $0.80 | 64.0% |
| 2014 | $2.39 | $0.80 | 33.5% |
| 2013 | $3.84 | $0.60 | 15.6% |
| 2012 | $5.50 | $1.00 | 18.2% |
| 2011 | $5.89 | $0.80 | 13.6% |
| 2010 | $4.41 | $0.80 | 18.1% |
| 2009 | $4.46 | $0.80 | 17.9% |
| 2008 | $3.34 | $0.80 | 24.0% |
| 2007 | $2.64 | $0.80 | 30.3% |
| 2006 | $2.16 | $0.80 | 37.0% |
| 2005 | $2.10 | $0.80 | 38.1% |
| 2004 | $2.28 | $0.80 | 35.1% |
| 2003 | $0.76 | $0.80 | 105.3% |
| 2002 | ($0.20) | $0.80 | N/A (Loss) |
| 2001 | $0.90 | $0.75 | 83.3% |
| 2000 | $1.91 | $0.60 | 31.4% |
