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 40.68% is 17% below its 5-year average of 48.84%, near the low end of its 5-year range (31.38%–78.46%).
As of Monday, August 3, 2026. 23.21% below its 12-month average of 52.97%.
Dividend Payout Ratio (40.68%) = TTM Dividends/Share ($2.84) / TTM EPS ($6.98)
DIVIDEND PAYOUT RATIO
40.68%
DIVIDEND PAYOUT RATIO AVG TTM
52.97%
DIVIDEND PAYOUT RATIO AVG 3Y
49.97%
DIVIDEND PAYOUT RATIO AVG 5Y
48.84%
DIVIDEND PAYOUT RATIO AVG 10Y
44.36%
DIVIDEND PAYOUT RATIO AVG 15Y
40.58%
DIVIDEND PAYOUT RATIO AVG 20Y
42.01%
CURRENT VS TTM AVG
-23.21%
CURRENT VS 3Y AVG
-18.60%
CURRENT VS 5Y AVG
-16.72%
CURRENT VS 10Y AVG
-8.29%
CURRENT VS 15Y AVG
+0.25%
CURRENT VS 20Y AVG
-3.16%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $6.96 | $2.78 | 39.9% |
| 2024 | $4.77 | $2.66 | 55.8% |
| 2023 | $5.38 | $2.54 | 47.2% |
| 2022 | $4.35 | $2.42 | 55.6% |
| 2021 | $6.06 | $2.26 | 37.3% |
| 2020 | $4.47 | $2.10 |
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 |
|---|---|
| 2026-07-31 | 40.68% |
| 2026-07-30 | 40.69% |
| 2026-07-29 | 40.68% |
| 2026-07-28 | 40.52% |
| 2026-07-27 | 40.51% |
| 2026-07-24 | 40.52% |
| 2026-07-23 | 40.52% |
| 2026-07-22 | 40.52% |
| 2026-07-21 | 40.52% |
| 2026-07-20 | 40.50% |
| 2026-07-17 | 40.51% |
| 2026-07-16 | 40.51% |
| 2026-07-15 | 40.52% |
| 2026-07-14 | 40.52% |
| 2026-07-13 | 40.51% |
| 2026-07-10 | 40.52% |
| 2026-07-09 | 40.51% |
| 2026-07-08 | 40.51% |
| 2026-07-07 | 40.51% |
| 2026-07-06 | 40.50% |
| 2026-07-02 | 40.52% |
| 2026-07-01 | 40.51% |
| 2026-06-30 | 40.51% |
| 2026-06-29 | 40.52% |
| 2026-06-26 | 40.51% |
| 2026-06-25 | 40.51% |
| 2026-06-24 | 40.52% |
| 2026-06-23 | 40.51% |
| 2026-06-22 | 40.50% |
| 2026-06-18 | 40.52% |
| 2026-06-17 | 40.51% |
| 2026-06-16 | 40.51% |
| 2026-06-15 | 40.52% |
| 2026-06-12 | 40.50% |
| 2026-06-11 | 40.52% |
| 2026-06-10 | 40.52% |
| 2026-06-09 | 40.52% |
| 2026-06-08 | 40.51% |
| 2026-06-05 | 40.50% |
| 2026-06-04 | 40.51% |
| 2026-06-03 | 40.51% |
| 2026-06-02 | 40.51% |
| 2026-06-01 | 40.52% |
| 2026-05-29 | 40.52% |
| 2026-05-28 | 40.51% |
| 2026-05-27 | 40.51% |
| 2026-05-26 | 40.52% |
| 2026-05-22 | 40.53% |
| 2026-05-21 | 40.51% |
| 2026-05-20 | 40.51% |
| 2026-05-19 | 40.52% |
| 2026-05-18 | 40.52% |
| 2026-05-15 | 40.51% |
| 2026-05-14 | 40.51% |
| 2026-05-13 | 40.50% |
| 2026-05-12 | 40.53% |
| 2026-05-11 | 50.22% |
| 2026-05-08 | 40.10% |
| 2026-05-07 | 40.09% |
| 2026-05-06 | 40.09% |
| 2026-05-05 | 40.09% |
| 2026-05-04 | 40.09% |
| 2026-05-01 | 40.09% |
| 2026-04-30 | 40.09% |
| 2026-04-29 | 40.07% |
| 2026-04-28 | 40.50% |
| 2026-04-27 | 40.48% |
| 2026-04-24 | 40.49% |
| 2026-04-23 | 40.48% |
| 2026-04-22 | 40.49% |
| 2026-04-21 | 40.48% |
| 2026-04-20 | 40.49% |
| 2026-04-17 | 40.49% |
| 2026-04-16 | 40.49% |
| 2026-04-15 | 40.49% |
| 2026-04-14 | 40.50% |
| 2026-04-13 | 40.48% |
| 2026-04-10 | 40.50% |
| 2026-04-09 | 40.50% |
| 2026-04-08 | 40.50% |
| 2026-04-07 | 40.48% |
| 2026-04-06 | 40.50% |
| 2026-04-02 | 40.50% |
| 2026-04-01 | 40.49% |
| 2026-03-31 | 40.49% |
| 2026-03-30 | 40.49% |
| 2026-03-27 | 40.49% |
| 2026-03-26 | 40.48% |
| 2026-03-25 | 40.48% |
| 2026-03-24 | 40.48% |
| 2026-03-23 | 40.49% |
| 2026-03-20 | 40.49% |
| 2026-03-19 | 40.50% |
| 2026-03-18 | 40.49% |
| 2026-03-17 | 40.49% |
| 2026-03-16 | 40.50% |
| 2026-03-13 | 40.49% |
| 2026-03-12 | 40.48% |
| 2026-03-11 | 40.50% |
| 2026-03-10 | 40.48% |
| 2026-03-09 | 40.50% |
| 2026-03-06 | 40.48% |
| 2026-03-05 | 40.49% |
| 2026-03-04 | 40.49% |
| 2026-03-03 | 40.49% |
| 2026-03-02 | 40.50% |
| 2026-02-27 | 40.48% |
| 2026-02-26 | 40.48% |
| 2026-02-25 | 40.49% |
| 2026-02-24 | 40.49% |
| 2026-02-23 | 40.49% |
| 2026-02-20 | 50.28% |
| 2026-02-19 | 40.05% |
| 2026-02-18 | 63.04% |
| 2026-02-17 | 63.03% |
| 2026-02-13 | 63.03% |
| 2026-02-12 | 63.03% |
| 2026-02-11 | 63.03% |
| 2026-02-10 | 63.03% |
| 2026-02-09 | 63.03% |
| 2026-02-06 | 63.04% |
| 2026-02-05 | 63.03% |
| 2026-02-04 | 63.04% |
| 2026-02-03 | 63.03% |
| 2026-02-02 | 63.04% |
| 2026-01-30 | 63.04% |
| 2026-01-29 | 63.04% |
| 2026-01-28 | 63.04% |
| 2026-01-27 | 63.05% |
| 2026-01-26 | 63.03% |
| 2026-01-23 | 63.03% |
| 2026-01-22 | 63.04% |
| 2026-01-21 | 63.04% |
| 2026-01-20 | 63.04% |
| 2026-01-16 | 63.03% |
| 2026-01-15 | 63.04% |
| 2026-01-14 | 63.04% |
| 2026-01-13 | 63.05% |
| 2026-01-12 | 63.04% |
| 2026-01-09 | 63.05% |
| 2026-01-08 | 63.05% |
| 2026-01-07 | 63.04% |
| 2026-01-06 | 63.03% |
| 2026-01-05 | 63.05% |
| 2026-01-02 | 63.03% |
| 2025-12-31 | 63.03% |
| 2025-12-30 | 63.04% |
| 2025-12-29 | 63.04% |
| 2025-12-26 | 63.05% |
| 2025-12-24 | 63.04% |
| 2025-12-23 | 63.04% |
| 2025-12-22 | 63.04% |
| 2025-12-19 | 63.03% |
| 2025-12-18 | 63.05% |
| 2025-12-17 | 63.04% |
| 2025-12-16 | 63.03% |
| 2025-12-15 | 63.04% |
| 2025-12-12 | 63.04% |
| 2025-12-11 | 63.03% |
| 2025-12-10 | 63.05% |
| 2025-12-09 | 63.05% |
| 2025-12-08 | 63.04% |
| 2025-12-05 | 63.04% |
| 2025-12-04 | 63.04% |
| 2025-12-03 | 63.04% |
| 2025-12-02 | 63.03% |
| 2025-12-01 | 63.03% |
| 2025-11-28 | 63.03% |
| 2025-11-26 | 63.04% |
| 2025-11-25 | 63.05% |
| 2025-11-24 | 63.03% |
| 2025-11-21 | 63.04% |
| 2025-11-20 | 63.05% |
| 2025-11-19 | 63.03% |
| 2025-11-18 | 63.04% |
| 2025-11-17 | 63.03% |
| 2025-11-14 | 63.03% |
| 2025-11-13 | 63.05% |
| 2025-11-12 | 63.05% |
| 2025-11-11 | 78.46% |
| 2025-11-10 | 78.45% |
| 2025-11-07 | 62.37% |
| 2025-11-06 | 62.36% |
| 2025-11-05 | 62.37% |
| 2025-11-04 | 62.35% |
| 2025-11-03 | 62.35% |
| 2025-10-31 | 62.37% |
| 2025-10-30 | 62.37% |
| 2025-10-29 | 62.36% |
| 2025-10-28 | 62.36% |
| 2025-10-27 | 62.35% |
| 2025-10-24 | 62.36% |
| 2025-10-23 | 62.36% |
| 2025-10-22 | 62.37% |
| 2025-10-21 | 62.36% |
| 2025-10-20 | 62.36% |
| 2025-10-17 | 62.35% |
| 2025-10-16 | 62.35% |
| 2025-10-15 | 62.37% |
| 2025-10-14 | 62.36% |
| 2025-10-13 | 62.37% |
| 2025-10-10 | 62.36% |
| 2025-10-09 | 62.37% |
| 2025-10-08 | 62.37% |
| 2025-10-07 | 62.35% |
| 2025-10-06 | 62.35% |
| 2025-10-03 | 62.36% |
| 2025-10-02 | 62.36% |
| 2025-10-01 | 62.35% |
| 2025-09-30 | 62.35% |
| 2025-09-29 | 62.37% |
| 2025-09-26 | 62.35% |
| 2025-09-25 | 62.35% |
| 2025-09-24 | 62.36% |
| 2025-09-23 | 62.36% |
| 2025-09-22 | 62.36% |
| 2025-09-19 | 62.35% |
| 2025-09-18 | 62.36% |
| 2025-09-17 | 62.35% |
| 2025-09-16 | 62.35% |
| 2025-09-15 | 62.36% |
| 2025-09-12 | 62.37% |
| 2025-09-11 | 62.36% |
| 2025-09-10 | 62.37% |
| 2025-09-09 | 62.35% |
| 2025-09-08 | 62.36% |
| 2025-09-05 | 62.36% |
| 2025-09-04 | 62.35% |
| 2025-09-03 | 62.36% |
| 2025-09-02 | 62.36% |
| 2025-08-29 | 62.35% |
| 2025-08-28 | 62.36% |
| 2025-08-27 | 62.37% |
| 2025-08-26 | 62.37% |
| 2025-08-25 | 62.36% |
| 2025-08-22 | 62.35% |
| 2025-08-21 | 62.36% |
| 2025-08-20 | 62.36% |
| 2025-08-19 | 62.35% |
| 2025-08-18 | 62.35% |
| 2025-08-15 | 62.35% |
| 2025-08-14 | 62.37% |
| 2025-08-13 | 62.36% |
| 2025-08-12 | 62.36% |
| 2025-08-11 | 77.76% |
| 2025-08-08 | 61.67% |
| 2025-08-07 | 61.67% |
| 2025-08-06 | 61.67% |
| 2025-08-05 | 61.68% |
| 2025-08-04 | 61.68% |
| 2025-08-01 | 61.67% |
| 2025-07-31 | 61.67% |
| 2025-07-30 | 61.67% |
| 2025-07-29 | 58.24% |
| 2025-07-28 | 58.23% |
| 2025-07-25 | 58.25% |
| 2025-07-24 | 58.25% |
| 2025-07-23 | 58.24% |
| 2025-07-22 | 58.24% |
| 2025-07-21 | 58.24% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 47.0% |
| 2019 | $5.25 | $1.98 | 37.7% |
| 2018 | $5.50 | $1.86 | 33.8% |
| 2017 | $6.22 | $1.70 | 27.3% |
| 2016 | $3.30 | $1.56 | 47.3% |
| 2015 | $5.18 | $1.42 | 27.3% |
| 2014 | $7.60 | $1.31 | 17.2% |
| 2013 | $11.27 | $1.21 | 10.7% |
| 2012 | $3.07 | $1.17 | 38.1% |
| 2011 | $3.48 | $1.13 | 32.5% |
| 2010 | $2.34 | $1.09 | 46.6% |
| 2009 | $1.02 | $1.06 | 104.4% |
| 2008 | $1.64 | $1.04 | 63.7% |
| 2007 | $2.54 | $1.02 | 40.2% |
| 2006 | $2.15 | $0.95 | 44.4% |
| 2005 | $1.76 | $0.93 | 52.8% |
| 2004 | $1.99 | $0.90 | 45.0% |
| 2003 | $1.46 | $0.86 | 59.2% |
| 2002 | ($0.20) | $0.84 | N/A (Loss) |
| 2001 | $1.15 | $0.84 | 73.0% |
| 2000 | $1.80 | $0.80 | 44.4% |
| 1999 | $1.64 | $0.76 | 46.3% |
| 1998 | $2.26 | $0.71 | 31.4% |
| 1997 | $1.99 | $0.67 | 33.4% |
| 1996 | $1.98 | $0.63 | 31.8% |
