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 69.88% is in line with its 5-year average of 71.18%, around the middle of its 5-year range (48.52%–100.56%).
As of Friday, September 11, 2026. 2.14% below its 12-month average of 71.42%.
Dividend Payout Ratio (69.88%) = TTM Dividends/Share ($3.64) / TTM EPS ($5.21)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
69.88%
DIVIDEND PAYOUT RATIO AVG TTM
71.42%
DIVIDEND PAYOUT RATIO AVG 3Y
72.19%
DIVIDEND PAYOUT RATIO AVG 5Y
71.18%
DIVIDEND PAYOUT RATIO AVG 10Y
68.07%
DIVIDEND PAYOUT RATIO AVG 15Y
67.12%
DIVIDEND PAYOUT RATIO AVG 20Y
68.49%
CURRENT VS TTM AVG
-2.14%
CURRENT VS 3Y AVG
-3.19%
CURRENT VS 5Y AVG
-1.83%
CURRENT VS 10Y AVG
+2.66%
CURRENT VS 15Y AVG
+4.12%
CURRENT VS 20Y AVG
+2.03%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $5.15 | $3.60 | 69.8% |
| 2024-12-31 | $5.35 | $3.54 | 66.1% |
| 2023-12-31 | $4.42 | $3.47 | 78.6% |
| 2022-12-31 | $4.27 | $3.42 | 80.0% |
| 2021-12-31 | $5.48 | $3.34 | 60.9% |
| 2020-12-31 | $4.89 |
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 |
|---|---|
| 2026-09-11 | 69.88% |
| 2026-09-10 | 69.87% |
| 2026-09-09 | 69.86% |
| 2026-09-08 | 69.87% |
| 2026-09-04 | 69.87% |
| 2026-09-03 | 69.87% |
| 2026-09-02 | 69.86% |
| 2026-09-01 | 69.85% |
| 2026-08-31 | 69.86% |
| 2026-08-28 | 69.86% |
| 2026-08-27 | 69.87% |
| 2026-08-26 | 69.86% |
| 2026-08-25 | 69.88% |
| 2026-08-24 | 69.85% |
| 2026-08-21 | 69.88% |
| 2026-08-20 | 69.85% |
| 2026-08-19 | 69.85% |
| 2026-08-18 | 69.86% |
| 2026-08-17 | 69.86% |
| 2026-08-14 | 69.87% |
| 2026-08-13 | 69.86% |
| 2026-08-12 | 69.86% |
| 2026-08-11 | 69.86% |
| 2026-08-10 | 69.88% |
| 2026-08-07 | 69.86% |
| 2026-08-06 | 69.86% |
| 2026-08-05 | 69.86% |
| 2026-08-04 | 67.92% |
| 2026-08-03 | 67.92% |
| 2026-07-31 | 67.63% |
| 2026-07-30 | 67.62% |
| 2026-07-29 | 67.62% |
| 2026-07-28 | 67.63% |
| 2026-07-27 | 67.63% |
| 2026-07-24 | 67.64% |
| 2026-07-23 | 67.63% |
| 2026-07-22 | 67.62% |
| 2026-07-21 | 67.63% |
| 2026-07-20 | 67.62% |
| 2026-07-17 | 67.63% |
| 2026-07-16 | 67.63% |
| 2026-07-15 | 67.64% |
| 2026-07-14 | 67.64% |
| 2026-07-13 | 67.64% |
| 2026-07-10 | 67.63% |
| 2026-07-09 | 67.64% |
| 2026-07-08 | 67.65% |
| 2026-07-07 | 67.62% |
| 2026-07-06 | 67.64% |
| 2026-07-02 | 67.61% |
| 2026-07-01 | 67.62% |
| 2026-06-30 | 67.62% |
| 2026-06-29 | 67.62% |
| 2026-06-26 | 67.62% |
| 2026-06-25 | 67.61% |
| 2026-06-24 | 67.64% |
| 2026-06-23 | 67.62% |
| 2026-06-22 | 67.63% |
| 2026-06-18 | 67.63% |
| 2026-06-17 | 67.63% |
| 2026-06-16 | 67.61% |
| 2026-06-15 | 67.64% |
| 2026-06-12 | 67.64% |
| 2026-06-11 | 67.61% |
| 2026-06-10 | 67.65% |
| 2026-06-09 | 67.63% |
| 2026-06-08 | 67.64% |
| 2026-06-05 | 67.64% |
| 2026-06-04 | 67.64% |
| 2026-06-03 | 67.62% |
| 2026-06-02 | 67.64% |
| 2026-06-01 | 67.64% |
| 2026-05-29 | 67.64% |
| 2026-05-28 | 67.65% |
| 2026-05-27 | 67.63% |
| 2026-05-26 | 67.61% |
| 2026-05-22 | 67.65% |
| 2026-05-21 | 67.63% |
| 2026-05-20 | 67.64% |
| 2026-05-19 | 67.64% |
| 2026-05-18 | 67.62% |
| 2026-05-15 | 67.64% |
| 2026-05-14 | 67.62% |
| 2026-05-13 | 67.65% |
| 2026-05-12 | 67.61% |
| 2026-05-11 | 67.62% |
| 2026-05-08 | 67.64% |
| 2026-05-07 | 67.63% |
| 2026-05-06 | 67.64% |
| 2026-05-05 | 67.63% |
| 2026-05-04 | 89.49% |
| 2026-05-01 | 71.47% |
| 2026-04-30 | 71.49% |
| 2026-04-29 | 71.48% |
| 2026-04-28 | 71.49% |
| 2026-04-27 | 71.49% |
| 2026-04-24 | 71.49% |
| 2026-04-23 | 71.50% |
| 2026-04-22 | 71.48% |
| 2026-04-21 | 71.50% |
| 2026-04-20 | 71.50% |
| 2026-04-17 | 71.48% |
| 2026-04-16 | 71.49% |
| 2026-04-15 | 71.50% |
| 2026-04-14 | 71.47% |
| 2026-04-13 | 71.48% |
| 2026-04-10 | 71.48% |
| 2026-04-09 | 71.47% |
| 2026-04-08 | 71.49% |
| 2026-04-07 | 71.47% |
| 2026-04-06 | 71.48% |
| 2026-04-02 | 71.50% |
| 2026-04-01 | 71.47% |
| 2026-03-31 | 71.48% |
| 2026-03-30 | 71.48% |
| 2026-03-27 | 71.48% |
| 2026-03-26 | 71.50% |
| 2026-03-25 | 71.50% |
| 2026-03-24 | 71.48% |
| 2026-03-23 | 71.48% |
| 2026-03-20 | 71.48% |
| 2026-03-19 | 71.50% |
| 2026-03-18 | 71.47% |
| 2026-03-17 | 71.50% |
| 2026-03-16 | 71.48% |
| 2026-03-13 | 71.49% |
| 2026-03-12 | 71.50% |
| 2026-03-11 | 71.48% |
| 2026-03-10 | 71.48% |
| 2026-03-09 | 71.50% |
| 2026-03-06 | 71.50% |
| 2026-03-05 | 71.47% |
| 2026-03-04 | 71.47% |
| 2026-03-03 | 71.49% |
| 2026-03-02 | 71.50% |
| 2026-02-27 | 71.48% |
| 2026-02-26 | 71.48% |
| 2026-02-25 | 74.12% |
| 2026-02-24 | 74.11% |
| 2026-02-23 | 74.12% |
| 2026-02-20 | 74.12% |
| 2026-02-19 | 74.14% |
| 2026-02-18 | 74.12% |
| 2026-02-17 | 74.14% |
| 2026-02-13 | 74.13% |
| 2026-02-12 | 74.11% |
| 2026-02-11 | 74.14% |
| 2026-02-10 | 74.13% |
| 2026-02-09 | 74.13% |
| 2026-02-06 | 74.11% |
| 2026-02-05 | 74.12% |
| 2026-02-04 | 74.12% |
| 2026-02-03 | 74.14% |
| 2026-02-02 | 92.51% |
| 2026-01-30 | 73.81% |
| 2026-01-29 | 73.80% |
| 2026-01-28 | 73.83% |
| 2026-01-27 | 73.83% |
| 2026-01-26 | 73.80% |
| 2026-01-23 | 73.83% |
| 2026-01-22 | 73.83% |
| 2026-01-21 | 73.82% |
| 2026-01-20 | 73.83% |
| 2026-01-16 | 73.81% |
| 2026-01-15 | 73.81% |
| 2026-01-14 | 73.81% |
| 2026-01-13 | 73.83% |
| 2026-01-12 | 73.82% |
| 2026-01-09 | 73.82% |
| 2026-01-08 | 73.82% |
| 2026-01-07 | 73.83% |
| 2026-01-06 | 73.83% |
| 2026-01-05 | 73.83% |
| 2026-01-02 | 73.83% |
| 2025-12-31 | 73.80% |
| 2025-12-30 | 73.83% |
| 2025-12-29 | 73.83% |
| 2025-12-26 | 73.81% |
| 2025-12-24 | 73.80% |
| 2025-12-23 | 73.84% |
| 2025-12-22 | 73.84% |
| 2025-12-19 | 73.84% |
| 2025-12-18 | 73.81% |
| 2025-12-17 | 73.83% |
| 2025-12-16 | 73.81% |
| 2025-12-15 | 73.84% |
| 2025-12-12 | 73.82% |
| 2025-12-11 | 73.81% |
| 2025-12-10 | 73.81% |
| 2025-12-09 | 73.80% |
| 2025-12-08 | 73.82% |
| 2025-12-05 | 73.80% |
| 2025-12-04 | 73.83% |
| 2025-12-03 | 73.83% |
| 2025-12-02 | 73.82% |
| 2025-12-01 | 73.82% |
| 2025-11-28 | 73.83% |
| 2025-11-26 | 73.81% |
| 2025-11-25 | 73.83% |
| 2025-11-24 | 73.84% |
| 2025-11-21 | 73.84% |
| 2025-11-20 | 73.80% |
| 2025-11-19 | 73.83% |
| 2025-11-18 | 73.81% |
| 2025-11-17 | 73.83% |
| 2025-11-14 | 73.82% |
| 2025-11-13 | 73.83% |
| 2025-11-12 | 73.82% |
| 2025-11-11 | 73.83% |
| 2025-11-10 | 73.82% |
| 2025-11-07 | 73.80% |
| 2025-11-06 | 73.84% |
| 2025-11-05 | 73.80% |
| 2025-11-04 | 73.82% |
| 2025-11-03 | 92.56% |
| 2025-10-31 | 73.81% |
| 2025-10-30 | 73.80% |
| 2025-10-29 | 73.83% |
| 2025-10-28 | 73.83% |
| 2025-10-27 | 73.82% |
| 2025-10-24 | 73.80% |
| 2025-10-23 | 73.80% |
| 2025-10-22 | 73.83% |
| 2025-10-21 | 73.83% |
| 2025-10-20 | 73.82% |
| 2025-10-17 | 73.83% |
| 2025-10-16 | 73.83% |
| 2025-10-15 | 73.81% |
| 2025-10-14 | 73.82% |
| 2025-10-13 | 73.83% |
| 2025-10-10 | 73.80% |
| 2025-10-09 | 73.80% |
| 2025-10-08 | 73.82% |
| 2025-10-07 | 73.80% |
| 2025-10-06 | 73.83% |
| 2025-10-03 | 73.80% |
| 2025-10-02 | 73.81% |
| 2025-10-01 | 73.81% |
| 2025-09-30 | 73.83% |
| 2025-09-29 | 73.81% |
| 2025-09-26 | 73.82% |
| 2025-09-25 | 73.82% |
| 2025-09-24 | 73.83% |
| 2025-09-23 | 73.83% |
| 2025-09-22 | 73.83% |
| 2025-09-19 | 73.82% |
| 2025-09-18 | 73.83% |
| 2025-09-17 | 73.80% |
| 2025-09-16 | 73.81% |
| 2025-09-15 | 73.80% |
| 2025-09-12 | 73.80% |
| 2025-09-11 | 73.81% |
| 2025-09-10 | 73.83% |
| 2025-09-09 | 73.83% |
| 2025-09-08 | 73.81% |
| 2025-09-05 | 73.81% |
| 2025-09-04 | 73.82% |
| 2025-09-03 | 73.79% |
| 2025-09-02 | 73.82% |
| 2025-08-29 | 73.80% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $3.18 |
| 65.0% |
| 2019-12-31 | $4.79 | $3.00 | 62.5% |
| 2018-12-31 | $4.56 | $2.82 | 61.9% |
| 2017-12-31 | $4.37 | $2.66 | 60.9% |
| 2016-12-31 | $3.97 | $2.53 | 63.7% |
| 2015-12-31 | $3.94 | $2.41 | 61.2% |
| 2014-12-31 | $3.59 | $2.30 | 64.0% |
| 2013-12-31 | $3.69 | $2.20 | 59.7% |
| 2012-12-31 | $3.48 | $2.12 | 60.9% |
| 2011-12-31 | $3.11 | $2.10 | 67.5% |
| 2010-12-31 | $3.28 | $2.10 | 64.0% |
| 2009-12-31 | $0.68 | $2.10 | 308.8% |
| 2008-12-31 | $2.40 | $2.10 | 87.5% |
| 2007-12-31 | $3.06 | $2.10 | 68.6% |
| 2006-12-31 | $3.29 | $2.02 | 61.6% |
| 2005-12-31 | $1.83 | $1.92 | 105.2% |
| 2004-12-31 | $2.66 | $1.83 | 68.6% |
| 2003-12-31 | $2.64 | $1.72 | 65.3% |
| 2002-12-31 | $1.76 | $1.63 | 92.3% |
| 2001-12-31 | $3.68 | $1.52 | 41.4% |
| 2000-12-31 | $3.57 | $1.42 | 39.9% |
| 1999-12-31 | $1.98 | $1.33 | 66.9% |
| 1998-12-31 | $2.87 | $1.22 | 42.7% |
| 1997-12-31 | $2.76 | $1.13 | 40.8% |
| 1996-12-31 | $2.07 | $1.02 | 49.5% |
