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 39.08% is in line with its 5-year average of 42.00%, around the middle of its 5-year range (15.73%–60.19%).
As of Tuesday, July 28, 2026. 7.24% below its 12-month average of 42.13%.
Dividend Payout Ratio (39.08%) = TTM Dividends/Share ($7.10) / TTM EPS ($18.17)
DIVIDEND PAYOUT RATIO
39.08%
DIVIDEND PAYOUT RATIO AVG TTM
42.13%
DIVIDEND PAYOUT RATIO AVG 3Y
44.94%
DIVIDEND PAYOUT RATIO AVG 5Y
43.01%
DIVIDEND PAYOUT RATIO AVG 10Y
36.99%
DIVIDEND PAYOUT RATIO AVG 15Y
33.60%
DIVIDEND PAYOUT RATIO AVG 20Y
32.91%
CURRENT VS TTM AVG
-7.24%
CURRENT VS 3Y AVG
-13.04%
CURRENT VS 5Y AVG
-9.14%
CURRENT VS 10Y AVG
+5.65%
CURRENT VS 15Y AVG
+16.29%
CURRENT VS 20Y AVG
+18.74%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $16.62 | $6.60 | 39.7% |
| 2024 | $13.76 | $6.30 | 45.8% |
| 2023 | $12.80 | $6.10 | 47.7% |
| 2022 | $13.86 | $5.75 | 41.5% |
| 2021 | $12.71 | $4.80 | 37.8% |
| 2020 | $6.36 | $4.60 |
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 |
|---|---|
| 2026-07-27 | 39.08% |
| 2026-07-24 | 39.07% |
| 2026-07-23 | 39.08% |
| 2026-07-22 | 39.08% |
| 2026-07-21 | 39.08% |
| 2026-07-20 | 39.08% |
| 2026-07-17 | 28.08% |
| 2026-07-16 | 28.08% |
| 2026-07-15 | 28.07% |
| 2026-07-14 | 39.52% |
| 2026-07-13 | 39.51% |
| 2026-07-10 | 39.52% |
| 2026-07-09 | 39.51% |
| 2026-07-08 | 39.50% |
| 2026-07-07 | 39.51% |
| 2026-07-06 | 39.51% |
| 2026-07-02 | 39.52% |
| 2026-07-01 | 39.51% |
| 2026-06-30 | 39.52% |
| 2026-06-29 | 39.52% |
| 2026-06-26 | 39.52% |
| 2026-06-25 | 39.51% |
| 2026-06-24 | 39.51% |
| 2026-06-23 | 39.52% |
| 2026-06-22 | 39.52% |
| 2026-06-18 | 39.50% |
| 2026-06-17 | 39.52% |
| 2026-06-16 | 39.52% |
| 2026-06-15 | 39.52% |
| 2026-06-12 | 39.51% |
| 2026-06-11 | 39.50% |
| 2026-06-10 | 39.52% |
| 2026-06-09 | 39.51% |
| 2026-06-08 | 39.52% |
| 2026-06-05 | 39.51% |
| 2026-06-04 | 39.50% |
| 2026-06-03 | 39.50% |
| 2026-06-02 | 39.51% |
| 2026-06-01 | 39.50% |
| 2026-05-29 | 39.52% |
| 2026-05-28 | 39.51% |
| 2026-05-27 | 39.51% |
| 2026-05-26 | 39.51% |
| 2026-05-22 | 39.52% |
| 2026-05-21 | 39.52% |
| 2026-05-20 | 39.51% |
| 2026-05-19 | 39.50% |
| 2026-05-18 | 39.52% |
| 2026-05-15 | 39.52% |
| 2026-05-14 | 39.50% |
| 2026-05-13 | 39.50% |
| 2026-05-12 | 39.50% |
| 2026-05-11 | 39.52% |
| 2026-05-08 | 39.51% |
| 2026-05-07 | 39.51% |
| 2026-05-06 | 39.50% |
| 2026-05-05 | 39.52% |
| 2026-05-04 | 40.98% |
| 2026-05-01 | 40.98% |
| 2026-04-30 | 40.98% |
| 2026-04-29 | 40.98% |
| 2026-04-28 | 40.97% |
| 2026-04-27 | 40.98% |
| 2026-04-24 | 40.98% |
| 2026-04-23 | 41.00% |
| 2026-04-22 | 41.00% |
| 2026-04-21 | 41.00% |
| 2026-04-20 | 40.97% |
| 2026-04-17 | 40.99% |
| 2026-04-16 | 41.00% |
| 2026-04-15 | 50.65% |
| 2026-04-14 | 50.62% |
| 2026-04-13 | 40.38% |
| 2026-04-10 | 40.39% |
| 2026-04-09 | 40.40% |
| 2026-04-08 | 40.40% |
| 2026-04-07 | 40.37% |
| 2026-04-06 | 40.39% |
| 2026-04-02 | 40.38% |
| 2026-04-01 | 40.38% |
| 2026-03-31 | 40.38% |
| 2026-03-30 | 40.40% |
| 2026-03-27 | 40.39% |
| 2026-03-26 | 40.37% |
| 2026-03-25 | 40.37% |
| 2026-03-24 | 40.39% |
| 2026-03-23 | 40.38% |
| 2026-03-20 | 40.39% |
| 2026-03-19 | 40.39% |
| 2026-03-18 | 40.40% |
| 2026-03-17 | 40.38% |
| 2026-03-16 | 40.38% |
| 2026-03-13 | 40.37% |
| 2026-03-12 | 40.39% |
| 2026-03-11 | 40.40% |
| 2026-03-10 | 40.38% |
| 2026-03-09 | 40.39% |
| 2026-03-06 | 40.37% |
| 2026-03-05 | 40.38% |
| 2026-03-04 | 40.38% |
| 2026-03-03 | 40.38% |
| 2026-03-02 | 40.38% |
| 2026-02-27 | 40.39% |
| 2026-02-26 | 40.38% |
| 2026-02-25 | 40.39% |
| 2026-02-24 | 40.40% |
| 2026-02-23 | 40.39% |
| 2026-02-20 | 40.38% |
| 2026-02-19 | 43.29% |
| 2026-02-18 | 43.27% |
| 2026-02-17 | 43.29% |
| 2026-02-13 | 43.27% |
| 2026-02-12 | 43.29% |
| 2026-02-11 | 43.28% |
| 2026-02-10 | 43.27% |
| 2026-02-09 | 43.29% |
| 2026-02-06 | 43.27% |
| 2026-02-05 | 43.29% |
| 2026-02-04 | 43.29% |
| 2026-02-03 | 43.27% |
| 2026-02-02 | 43.27% |
| 2026-01-30 | 43.30% |
| 2026-01-29 | 43.28% |
| 2026-01-28 | 43.28% |
| 2026-01-27 | 43.28% |
| 2026-01-26 | 43.28% |
| 2026-01-23 | 43.27% |
| 2026-01-22 | 43.28% |
| 2026-01-21 | 43.29% |
| 2026-01-20 | 43.27% |
| 2026-01-16 | 32.31% |
| 2026-01-15 | 32.30% |
| 2026-01-14 | 42.65% |
| 2026-01-13 | 42.62% |
| 2026-01-12 | 42.65% |
| 2026-01-09 | 42.62% |
| 2026-01-08 | 42.62% |
| 2026-01-07 | 42.63% |
| 2026-01-06 | 42.65% |
| 2026-01-05 | 42.63% |
| 2026-01-02 | 42.64% |
| 2025-12-31 | 42.62% |
| 2025-12-30 | 42.62% |
| 2025-12-29 | 42.63% |
| 2025-12-26 | 42.64% |
| 2025-12-24 | 42.63% |
| 2025-12-23 | 42.63% |
| 2025-12-22 | 42.63% |
| 2025-12-19 | 42.64% |
| 2025-12-18 | 42.62% |
| 2025-12-17 | 42.65% |
| 2025-12-16 | 42.62% |
| 2025-12-15 | 42.63% |
| 2025-12-12 | 42.62% |
| 2025-12-11 | 42.63% |
| 2025-12-10 | 42.64% |
| 2025-12-09 | 42.64% |
| 2025-12-08 | 42.64% |
| 2025-12-05 | 42.63% |
| 2025-12-04 | 42.64% |
| 2025-12-03 | 42.63% |
| 2025-12-02 | 42.65% |
| 2025-12-01 | 42.64% |
| 2025-11-28 | 42.63% |
| 2025-11-26 | 42.65% |
| 2025-11-25 | 42.63% |
| 2025-11-24 | 42.64% |
| 2025-11-21 | 42.64% |
| 2025-11-20 | 42.65% |
| 2025-11-19 | 42.64% |
| 2025-11-18 | 42.62% |
| 2025-11-17 | 42.65% |
| 2025-11-14 | 42.65% |
| 2025-11-13 | 42.65% |
| 2025-11-12 | 42.62% |
| 2025-11-11 | 42.64% |
| 2025-11-10 | 42.65% |
| 2025-11-07 | 42.64% |
| 2025-11-06 | 42.65% |
| 2025-11-05 | 42.65% |
| 2025-11-04 | 42.64% |
| 2025-11-03 | 42.62% |
| 2025-10-31 | 45.16% |
| 2025-10-30 | 45.14% |
| 2025-10-29 | 45.14% |
| 2025-10-28 | 45.16% |
| 2025-10-27 | 45.13% |
| 2025-10-24 | 45.14% |
| 2025-10-23 | 45.16% |
| 2025-10-22 | 45.13% |
| 2025-10-21 | 45.13% |
| 2025-10-20 | 45.14% |
| 2025-10-17 | 45.14% |
| 2025-10-16 | 45.14% |
| 2025-10-15 | 56.08% |
| 2025-10-14 | 56.10% |
| 2025-10-13 | 44.48% |
| 2025-10-10 | 44.45% |
| 2025-10-09 | 44.45% |
| 2025-10-08 | 44.47% |
| 2025-10-07 | 44.47% |
| 2025-10-06 | 44.46% |
| 2025-10-03 | 44.44% |
| 2025-10-02 | 44.45% |
| 2025-10-01 | 44.45% |
| 2025-09-30 | 44.45% |
| 2025-09-29 | 44.47% |
| 2025-09-26 | 44.47% |
| 2025-09-25 | 44.47% |
| 2025-09-24 | 44.46% |
| 2025-09-23 | 44.47% |
| 2025-09-22 | 44.45% |
| 2025-09-19 | 44.47% |
| 2025-09-18 | 44.46% |
| 2025-09-17 | 44.47% |
| 2025-09-16 | 44.45% |
| 2025-09-15 | 44.47% |
| 2025-09-12 | 44.47% |
| 2025-09-11 | 44.47% |
| 2025-09-10 | 44.46% |
| 2025-09-09 | 44.47% |
| 2025-09-08 | 44.47% |
| 2025-09-05 | 44.46% |
| 2025-09-04 | 44.45% |
| 2025-09-03 | 44.45% |
| 2025-09-02 | 44.46% |
| 2025-08-29 | 44.46% |
| 2025-08-28 | 44.45% |
| 2025-08-27 | 44.45% |
| 2025-08-26 | 44.47% |
| 2025-08-25 | 44.47% |
| 2025-08-22 | 44.47% |
| 2025-08-21 | 44.46% |
| 2025-08-20 | 44.47% |
| 2025-08-19 | 44.46% |
| 2025-08-18 | 44.45% |
| 2025-08-15 | 44.45% |
| 2025-08-14 | 44.46% |
| 2025-08-13 | 44.46% |
| 2025-08-12 | 44.46% |
| 2025-08-11 | 44.48% |
| 2025-08-08 | 44.47% |
| 2025-08-07 | 44.46% |
| 2025-08-06 | 44.47% |
| 2025-08-05 | 44.47% |
| 2025-08-04 | 44.45% |
| 2025-08-01 | 44.45% |
| 2025-07-31 | 45.91% |
| 2025-07-30 | 45.91% |
| 2025-07-29 | 45.92% |
| 2025-07-28 | 45.91% |
| 2025-07-25 | 45.92% |
| 2025-07-24 | 45.90% |
| 2025-07-23 | 45.92% |
| 2025-07-22 | 45.91% |
| 2025-07-21 | 45.89% |
| 2025-07-18 | 45.91% |
| 2025-07-17 | 45.90% |
| 2025-07-16 | 45.92% |
| 2025-07-15 | 45.91% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 72.3% |
| 2019 | $11.43 | $4.20 | 36.7% |
| 2018 | $10.79 | $3.40 | 31.5% |
| 2017 | $10.49 | $2.60 | 24.8% |
| 2016 | $7.42 | $2.12 | 28.6% |
| 2015 | $7.52 | $2.01 | 26.7% |
| 2014 | $7.44 | $1.88 | 25.3% |
| 2013 | $7.48 | $1.72 | 23.0% |
| 2012 | $5.36 | $1.55 | 28.9% |
| 2011 | $5.70 | $1.15 | 20.2% |
| 2010 | $5.80 | $0.40 | 6.9% |
| 2009 | $4.40 | $0.96 | 21.8% |
| 2008 | $2.50 | $2.61 | 104.4% |
| 2007 | $4.40 | $2.44 | 55.5% |
| 2006 | $8.89 | $2.15 | 24.2% |
| 2005 | $4.63 | $2.00 | 43.2% |
| 2004 | $4.25 | $2.00 | 47.1% |
| 2003 | $3.58 | $1.94 | 54.2% |
| 2002 | $4.18 | $1.92 | 45.9% |
| 2001 | $1.27 | $1.92 | 151.2% |
| 2000 | $4.35 | $1.83 | 42.1% |
| 1999 | $4.19 | $1.68 | 40.1% |
| 1998 | $3.64 | $1.58 | 43.4% |
| 1997 | $3.33 | $1.48 | 44.6% |
| 1996 | $2.91 | $1.42 | 48.8% |
