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 25.98% is in line with its 5-year average of 25.91%, around the middle of its 5-year range (17.25%–36.78%).
As of Sunday, July 26, 2026. 0.52% above its 12-month average of 25.84%.
Dividend Payout Ratio (25.98%) = TTM Dividends/Share ($1.06) / TTM EPS ($4.08)
DIVIDEND PAYOUT RATIO
25.98%
DIVIDEND PAYOUT RATIO AVG TTM
25.84%
DIVIDEND PAYOUT RATIO AVG 3Y
25.58%
DIVIDEND PAYOUT RATIO AVG 5Y
25.91%
DIVIDEND PAYOUT RATIO AVG 10Y
29.26%
DIVIDEND PAYOUT RATIO AVG 15Y
29.07%
DIVIDEND PAYOUT RATIO AVG 20Y
28.01%
CURRENT VS TTM AVG
+0.52%
CURRENT VS 3Y AVG
+1.56%
CURRENT VS 5Y AVG
+0.27%
CURRENT VS 10Y AVG
-11.23%
CURRENT VS 15Y AVG
-10.65%
CURRENT VS 20Y AVG
-7.26%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.99 | $1.00 | 25.1% |
| 2024 | $3.78 | $0.92 | 24.3% |
| 2023 | $3.77 | $0.88 | 23.3% |
| 2022 | $2.92 | $0.84 | 28.8% |
| 2021 | $3.34 | $0.80 | 24.0% |
| 2020 | $2.15 | $0.76 |
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 |
|---|---|
| 2026-07-24 | 25.98% |
| 2026-07-23 | 19.36% |
| 2026-07-22 | 19.37% |
| 2026-07-21 | 19.36% |
| 2026-07-20 | 19.37% |
| 2026-07-17 | 25.50% |
| 2026-07-16 | 25.49% |
| 2026-07-15 | 25.49% |
| 2026-07-14 | 25.49% |
| 2026-07-13 | 25.49% |
| 2026-07-10 | 25.48% |
| 2026-07-09 | 25.49% |
| 2026-07-08 | 25.50% |
| 2026-07-07 | 25.50% |
| 2026-07-06 | 25.49% |
| 2026-07-02 | 25.48% |
| 2026-07-01 | 25.49% |
| 2026-06-30 | 25.49% |
| 2026-06-29 | 25.49% |
| 2026-06-26 | 25.49% |
| 2026-06-25 | 25.49% |
| 2026-06-24 | 25.50% |
| 2026-06-23 | 25.49% |
| 2026-06-22 | 25.48% |
| 2026-06-18 | 25.50% |
| 2026-06-17 | 25.49% |
| 2026-06-16 | 25.49% |
| 2026-06-15 | 25.49% |
| 2026-06-12 | 25.49% |
| 2026-06-11 | 25.49% |
| 2026-06-10 | 25.49% |
| 2026-06-09 | 25.49% |
| 2026-06-08 | 25.49% |
| 2026-06-05 | 25.49% |
| 2026-06-04 | 25.50% |
| 2026-06-03 | 25.49% |
| 2026-06-02 | 25.50% |
| 2026-06-01 | 25.49% |
| 2026-05-29 | 25.49% |
| 2026-05-28 | 25.49% |
| 2026-05-27 | 25.49% |
| 2026-05-26 | 25.48% |
| 2026-05-22 | 25.49% |
| 2026-05-21 | 25.49% |
| 2026-05-20 | 25.48% |
| 2026-05-19 | 25.48% |
| 2026-05-18 | 25.49% |
| 2026-05-15 | 25.48% |
| 2026-05-14 | 25.49% |
| 2026-05-13 | 25.50% |
| 2026-05-12 | 25.50% |
| 2026-05-11 | 25.50% |
| 2026-05-08 | 25.49% |
| 2026-05-07 | 25.49% |
| 2026-05-06 | 25.49% |
| 2026-05-05 | 25.49% |
| 2026-05-04 | 25.49% |
| 2026-05-01 | 25.49% |
| 2026-04-30 | 25.49% |
| 2026-04-29 | 25.49% |
| 2026-04-28 | 25.49% |
| 2026-04-27 | 26.26% |
| 2026-04-24 | 26.26% |
| 2026-04-23 | 26.26% |
| 2026-04-22 | 26.27% |
| 2026-04-21 | 26.26% |
| 2026-04-20 | 26.27% |
| 2026-04-17 | 26.26% |
| 2026-04-16 | 25.76% |
| 2026-04-15 | 25.76% |
| 2026-04-14 | 25.76% |
| 2026-04-13 | 25.76% |
| 2026-04-10 | 25.76% |
| 2026-04-09 | 25.75% |
| 2026-04-08 | 25.76% |
| 2026-04-07 | 25.75% |
| 2026-04-06 | 25.76% |
| 2026-04-02 | 25.76% |
| 2026-04-01 | 25.76% |
| 2026-03-31 | 25.76% |
| 2026-03-30 | 25.76% |
| 2026-03-27 | 25.75% |
| 2026-03-26 | 25.76% |
| 2026-03-25 | 25.75% |
| 2026-03-24 | 25.76% |
| 2026-03-23 | 25.75% |
| 2026-03-20 | 25.76% |
| 2026-03-19 | 25.76% |
| 2026-03-18 | 25.76% |
| 2026-03-17 | 25.76% |
| 2026-03-16 | 25.76% |
| 2026-03-13 | 25.76% |
| 2026-03-12 | 25.76% |
| 2026-03-11 | 25.76% |
| 2026-03-10 | 25.76% |
| 2026-03-09 | 25.75% |
| 2026-03-06 | 25.76% |
| 2026-03-05 | 25.75% |
| 2026-03-04 | 25.76% |
| 2026-03-03 | 25.76% |
| 2026-03-02 | 25.76% |
| 2026-02-27 | 25.76% |
| 2026-02-26 | 25.75% |
| 2026-02-25 | 25.76% |
| 2026-02-24 | 25.76% |
| 2026-02-23 | 25.83% |
| 2026-02-20 | 25.82% |
| 2026-02-19 | 25.82% |
| 2026-02-18 | 25.82% |
| 2026-02-17 | 25.83% |
| 2026-02-13 | 25.82% |
| 2026-02-12 | 25.83% |
| 2026-02-11 | 25.82% |
| 2026-02-10 | 25.83% |
| 2026-02-09 | 25.82% |
| 2026-02-06 | 25.83% |
| 2026-02-05 | 25.82% |
| 2026-02-04 | 25.83% |
| 2026-02-03 | 25.83% |
| 2026-02-02 | 25.82% |
| 2026-01-30 | 25.83% |
| 2026-01-29 | 25.82% |
| 2026-01-28 | 25.83% |
| 2026-01-27 | 25.82% |
| 2026-01-26 | 25.83% |
| 2026-01-23 | 32.15% |
| 2026-01-22 | 25.32% |
| 2026-01-21 | 25.32% |
| 2026-01-20 | 25.31% |
| 2026-01-16 | 25.31% |
| 2026-01-15 | 25.32% |
| 2026-01-14 | 25.32% |
| 2026-01-13 | 25.32% |
| 2026-01-12 | 25.32% |
| 2026-01-09 | 25.32% |
| 2026-01-08 | 25.32% |
| 2026-01-07 | 25.31% |
| 2026-01-06 | 25.32% |
| 2026-01-05 | 25.31% |
| 2026-01-02 | 25.32% |
| 2025-12-31 | 25.31% |
| 2025-12-30 | 25.32% |
| 2025-12-29 | 25.31% |
| 2025-12-26 | 25.31% |
| 2025-12-24 | 25.32% |
| 2025-12-23 | 25.32% |
| 2025-12-22 | 25.32% |
| 2025-12-19 | 25.32% |
| 2025-12-18 | 25.32% |
| 2025-12-17 | 25.31% |
| 2025-12-16 | 25.32% |
| 2025-12-15 | 25.31% |
| 2025-12-12 | 25.32% |
| 2025-12-11 | 25.32% |
| 2025-12-10 | 25.32% |
| 2025-12-09 | 25.32% |
| 2025-12-08 | 25.31% |
| 2025-12-05 | 25.31% |
| 2025-12-04 | 25.31% |
| 2025-12-03 | 25.31% |
| 2025-12-02 | 25.31% |
| 2025-12-01 | 25.32% |
| 2025-11-28 | 25.31% |
| 2025-11-26 | 25.32% |
| 2025-11-25 | 25.31% |
| 2025-11-24 | 25.32% |
| 2025-11-21 | 25.32% |
| 2025-11-20 | 25.32% |
| 2025-11-19 | 25.31% |
| 2025-11-18 | 25.31% |
| 2025-11-17 | 25.32% |
| 2025-11-14 | 25.31% |
| 2025-11-13 | 25.32% |
| 2025-11-12 | 25.31% |
| 2025-11-11 | 25.31% |
| 2025-11-10 | 25.32% |
| 2025-11-07 | 25.32% |
| 2025-11-06 | 25.31% |
| 2025-11-05 | 25.32% |
| 2025-11-04 | 25.31% |
| 2025-11-03 | 25.32% |
| 2025-10-31 | 25.31% |
| 2025-10-30 | 25.31% |
| 2025-10-29 | 25.32% |
| 2025-10-28 | 25.31% |
| 2025-10-27 | 25.32% |
| 2025-10-24 | 25.32% |
| 2025-10-23 | 18.99% |
| 2025-10-22 | 18.99% |
| 2025-10-21 | 18.99% |
| 2025-10-20 | 20.43% |
| 2025-10-17 | 26.70% |
| 2025-10-16 | 26.70% |
| 2025-10-15 | 26.71% |
| 2025-10-14 | 26.70% |
| 2025-10-13 | 26.70% |
| 2025-10-10 | 26.70% |
| 2025-10-09 | 26.70% |
| 2025-10-08 | 26.70% |
| 2025-10-07 | 26.70% |
| 2025-10-06 | 26.70% |
| 2025-10-03 | 26.70% |
| 2025-10-02 | 26.71% |
| 2025-10-01 | 26.70% |
| 2025-09-30 | 26.70% |
| 2025-09-29 | 26.70% |
| 2025-09-26 | 26.71% |
| 2025-09-25 | 26.70% |
| 2025-09-24 | 26.70% |
| 2025-09-23 | 26.71% |
| 2025-09-22 | 26.71% |
| 2025-09-19 | 26.70% |
| 2025-09-18 | 26.71% |
| 2025-09-17 | 26.71% |
| 2025-09-16 | 26.70% |
| 2025-09-15 | 26.70% |
| 2025-09-12 | 26.70% |
| 2025-09-11 | 26.70% |
| 2025-09-10 | 26.70% |
| 2025-09-09 | 26.71% |
| 2025-09-08 | 26.70% |
| 2025-09-05 | 26.71% |
| 2025-09-04 | 26.70% |
| 2025-09-03 | 26.70% |
| 2025-09-02 | 26.70% |
| 2025-08-29 | 26.70% |
| 2025-08-28 | 26.70% |
| 2025-08-27 | 26.70% |
| 2025-08-26 | 26.71% |
| 2025-08-25 | 26.70% |
| 2025-08-22 | 26.70% |
| 2025-08-21 | 26.71% |
| 2025-08-20 | 26.70% |
| 2025-08-19 | 26.71% |
| 2025-08-18 | 26.70% |
| 2025-08-15 | 26.70% |
| 2025-08-14 | 26.70% |
| 2025-08-13 | 26.70% |
| 2025-08-12 | 26.70% |
| 2025-08-11 | 26.70% |
| 2025-08-08 | 26.70% |
| 2025-08-07 | 26.70% |
| 2025-08-06 | 26.70% |
| 2025-08-05 | 26.70% |
| 2025-08-04 | 26.70% |
| 2025-08-01 | 26.71% |
| 2025-07-31 | 26.71% |
| 2025-07-30 | 26.70% |
| 2025-07-29 | 26.70% |
| 2025-07-28 | 26.70% |
| 2025-07-25 | 26.71% |
| 2025-07-24 | 26.70% |
| 2025-07-23 | 26.71% |
| 2025-07-22 | 26.70% |
| 2025-07-21 | 25.26% |
| 2025-07-18 | 31.19% |
| 2025-07-17 | 24.74% |
| 2025-07-16 | 24.74% |
| 2025-07-15 | 24.74% |
| 2025-07-14 | 24.74% |
Showing the most recent 260 of 2,529 data points. The chart above shows the full history.
| 35.3% |
| 2019 | $2.10 | $0.72 | 34.3% |
| 2018 | $1.98 | $0.82 | 41.4% |
| 2017 | $3.67 | $0.93 | 25.3% |
| 2016 | $2.88 | $0.90 | 31.2% |
| 2015 | $2.60 | $0.86 | 33.1% |
| 2014 | $1.17 | $0.74 | 63.1% |
| 2013 | $2.67 | $0.64 | 24.1% |
| 2012 | ($0.84) | $0.59 | N/A (Loss) |
| 2011 | $0.35 | $0.54 | 153.5% |
| 2010 | $2.01 | $0.51 | 25.4% |
| 2009 | $1.19 | $0.48 | 40.6% |
| 2008 | $2.34 | $0.46 | 19.5% |
| 2007 | $2.14 | $0.40 | 18.8% |
| 2006 | $1.84 | $0.38 | 20.4% |
| 2005 | $1.84 | $0.35 | 19.0% |
| 2004 | $1.72 | $0.29 | 16.8% |
| 2003 | $1.44 | $0.28 | 19.1% |
| 2002 | $1.33 | $0.25 | 18.7% |
| 2001 | $0.34 | $0.24 | 69.1% |
| 2000 | $0.57 | $0.22 | 38.3% |
| 1999 | $1.18 | $0.21 | 18.2% |
| 1998 | $1.39 | $0.20 | 14.5% |
| 1997 | $1.19 | $0.18 | 15.2% |
| 1996 | $0.99 | $0.17 | 17.0% |
