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 38.53% is in line with its 5-year average of 41.13%, near the low end of its 5-year range (25.33%–88.91%).
As of Saturday, July 25, 2026. 26.55% below its 12-month average of 52.46%.
Dividend Payout Ratio (38.53%) = TTM Dividends/Share ($3.59) / TTM EPS ($9.32)
DIVIDEND PAYOUT RATIO
38.53%
DIVIDEND PAYOUT RATIO AVG TTM
52.46%
DIVIDEND PAYOUT RATIO AVG 3Y
39.05%
DIVIDEND PAYOUT RATIO AVG 5Y
35.59%
DIVIDEND PAYOUT RATIO AVG 10Y
50.89%
DIVIDEND PAYOUT RATIO AVG 15Y
45.96%
DIVIDEND PAYOUT RATIO AVG 20Y
43.23%
CURRENT VS TTM AVG
-26.55%
CURRENT VS 3Y AVG
-1.32%
CURRENT VS 5Y AVG
+8.27%
CURRENT VS 10Y AVG
-24.29%
CURRENT VS 15Y AVG
-16.17%
CURRENT VS 20Y AVG
-10.87%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $5.06 | $3.52 | 69.6% |
| 2024 | $9.09 | $3.35 | 36.9% |
| 2023 | $6.47 | $3.15 | 48.7% |
| 2022 | $11.52 | $3.00 | 26.0% |
| 2021 | $8.00 | $2.69 | 33.6% |
| 2020 | $4.58 | $2.57 |
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 | 38.53% |
| 2026-07-23 | 38.52% |
| 2026-07-22 | 38.51% |
| 2026-07-21 | 38.53% |
| 2026-07-20 | 38.51% |
| 2026-07-17 | 38.52% |
| 2026-07-16 | 38.53% |
| 2026-07-15 | 38.53% |
| 2026-07-14 | 38.52% |
| 2026-07-13 | 38.52% |
| 2026-07-10 | 38.53% |
| 2026-07-09 | 38.53% |
| 2026-07-08 | 38.52% |
| 2026-07-07 | 38.52% |
| 2026-07-06 | 38.52% |
| 2026-07-02 | 38.52% |
| 2026-07-01 | 38.52% |
| 2026-06-30 | 38.52% |
| 2026-06-29 | 38.52% |
| 2026-06-26 | 38.52% |
| 2026-06-25 | 38.51% |
| 2026-06-24 | 38.52% |
| 2026-06-23 | 38.52% |
| 2026-06-22 | 38.52% |
| 2026-06-18 | 38.52% |
| 2026-06-17 | 38.52% |
| 2026-06-16 | 38.52% |
| 2026-06-15 | 38.52% |
| 2026-06-12 | 38.52% |
| 2026-06-11 | 38.52% |
| 2026-06-10 | 38.53% |
| 2026-06-09 | 38.52% |
| 2026-06-08 | 38.53% |
| 2026-06-05 | 38.52% |
| 2026-06-04 | 48.07% |
| 2026-06-03 | 38.20% |
| 2026-06-02 | 38.20% |
| 2026-06-01 | 38.20% |
| 2026-05-29 | 38.19% |
| 2026-05-28 | 38.19% |
| 2026-05-27 | 38.19% |
| 2026-05-26 | 38.20% |
| 2026-05-22 | 38.19% |
| 2026-05-21 | 38.20% |
| 2026-05-20 | 38.20% |
| 2026-05-19 | 38.20% |
| 2026-05-18 | 38.20% |
| 2026-05-15 | 38.20% |
| 2026-05-14 | 38.20% |
| 2026-05-13 | 38.19% |
| 2026-05-12 | 38.21% |
| 2026-05-11 | 38.20% |
| 2026-05-08 | 38.20% |
| 2026-05-07 | 38.19% |
| 2026-05-06 | 38.19% |
| 2026-05-05 | 38.20% |
| 2026-05-04 | 38.20% |
| 2026-05-01 | 38.19% |
| 2026-04-30 | 38.20% |
| 2026-04-29 | 38.20% |
| 2026-04-28 | 71.77% |
| 2026-04-27 | 71.76% |
| 2026-04-24 | 71.77% |
| 2026-04-23 | 71.78% |
| 2026-04-22 | 71.77% |
| 2026-04-21 | 71.77% |
| 2026-04-20 | 71.79% |
| 2026-04-17 | 71.78% |
| 2026-04-16 | 71.77% |
| 2026-04-15 | 71.76% |
| 2026-04-14 | 71.77% |
| 2026-04-13 | 71.78% |
| 2026-04-10 | 71.78% |
| 2026-04-09 | 71.79% |
| 2026-04-08 | 71.78% |
| 2026-04-07 | 71.76% |
| 2026-04-06 | 71.78% |
| 2026-04-02 | 71.76% |
| 2026-04-01 | 71.77% |
| 2026-03-31 | 71.76% |
| 2026-03-30 | 71.78% |
| 2026-03-27 | 71.78% |
| 2026-03-26 | 71.78% |
| 2026-03-25 | 71.77% |
| 2026-03-24 | 71.77% |
| 2026-03-23 | 71.78% |
| 2026-03-20 | 71.78% |
| 2026-03-19 | 71.78% |
| 2026-03-18 | 71.76% |
| 2026-03-17 | 71.77% |
| 2026-03-16 | 71.78% |
| 2026-03-13 | 71.76% |
| 2026-03-12 | 71.77% |
| 2026-03-11 | 71.77% |
| 2026-03-10 | 71.78% |
| 2026-03-09 | 71.76% |
| 2026-03-06 | 71.78% |
| 2026-03-05 | 88.91% |
| 2026-03-04 | 70.98% |
| 2026-03-03 | 70.97% |
| 2026-03-02 | 70.96% |
| 2026-02-27 | 70.96% |
| 2026-02-26 | 70.96% |
| 2026-02-25 | 70.97% |
| 2026-02-24 | 70.97% |
| 2026-02-23 | 70.97% |
| 2026-02-20 | 70.98% |
| 2026-02-19 | 70.96% |
| 2026-02-18 | 70.97% |
| 2026-02-17 | 70.98% |
| 2026-02-13 | 70.98% |
| 2026-02-12 | 70.97% |
| 2026-02-11 | 70.98% |
| 2026-02-10 | 70.96% |
| 2026-02-09 | 70.97% |
| 2026-02-06 | 70.97% |
| 2026-02-05 | 70.97% |
| 2026-02-04 | 70.97% |
| 2026-02-03 | 70.27% |
| 2026-02-02 | 70.25% |
| 2026-01-30 | 70.27% |
| 2026-01-29 | 70.25% |
| 2026-01-28 | 70.26% |
| 2026-01-27 | 70.27% |
| 2026-01-26 | 70.25% |
| 2026-01-23 | 70.26% |
| 2026-01-22 | 70.27% |
| 2026-01-21 | 70.26% |
| 2026-01-20 | 70.25% |
| 2026-01-16 | 70.26% |
| 2026-01-15 | 70.25% |
| 2026-01-14 | 70.25% |
| 2026-01-13 | 70.26% |
| 2026-01-12 | 70.27% |
| 2026-01-09 | 70.27% |
| 2026-01-08 | 70.26% |
| 2026-01-07 | 70.27% |
| 2026-01-06 | 70.26% |
| 2026-01-05 | 70.26% |
| 2026-01-02 | 70.27% |
| 2025-12-31 | 70.26% |
| 2025-12-30 | 70.26% |
| 2025-12-29 | 70.27% |
| 2025-12-26 | 70.26% |
| 2025-12-24 | 70.25% |
| 2025-12-23 | 70.26% |
| 2025-12-22 | 70.25% |
| 2025-12-19 | 70.26% |
| 2025-12-18 | 70.26% |
| 2025-12-17 | 70.26% |
| 2025-12-16 | 70.25% |
| 2025-12-15 | 70.26% |
| 2025-12-12 | 70.27% |
| 2025-12-11 | 70.26% |
| 2025-12-10 | 70.26% |
| 2025-12-09 | 70.26% |
| 2025-12-08 | 70.26% |
| 2025-12-05 | 70.26% |
| 2025-12-04 | 87.22% |
| 2025-12-03 | 69.45% |
| 2025-12-02 | 69.46% |
| 2025-12-01 | 69.46% |
| 2025-11-28 | 69.46% |
| 2025-11-26 | 69.46% |
| 2025-11-25 | 69.45% |
| 2025-11-24 | 69.47% |
| 2025-11-21 | 69.45% |
| 2025-11-20 | 69.45% |
| 2025-11-19 | 69.47% |
| 2025-11-18 | 69.47% |
| 2025-11-17 | 69.45% |
| 2025-11-14 | 69.47% |
| 2025-11-13 | 69.46% |
| 2025-11-12 | 69.45% |
| 2025-11-11 | 69.47% |
| 2025-11-10 | 69.47% |
| 2025-11-07 | 69.46% |
| 2025-11-06 | 69.46% |
| 2025-11-05 | 69.46% |
| 2025-11-04 | 33.58% |
| 2025-11-03 | 33.58% |
| 2025-10-31 | 33.59% |
| 2025-10-30 | 33.59% |
| 2025-10-29 | 33.60% |
| 2025-10-28 | 33.58% |
| 2025-10-27 | 33.60% |
| 2025-10-24 | 33.60% |
| 2025-10-23 | 33.59% |
| 2025-10-22 | 33.59% |
| 2025-10-21 | 33.60% |
| 2025-10-20 | 33.58% |
| 2025-10-17 | 33.60% |
| 2025-10-16 | 33.60% |
| 2025-10-15 | 33.59% |
| 2025-10-14 | 33.59% |
| 2025-10-13 | 33.60% |
| 2025-10-10 | 33.60% |
| 2025-10-09 | 33.59% |
| 2025-10-08 | 33.58% |
| 2025-10-07 | 33.59% |
| 2025-10-06 | 33.60% |
| 2025-10-03 | 33.59% |
| 2025-10-02 | 33.59% |
| 2025-10-01 | 33.59% |
| 2025-09-30 | 33.60% |
| 2025-09-29 | 33.60% |
| 2025-09-26 | 33.59% |
| 2025-09-25 | 33.59% |
| 2025-09-24 | 33.59% |
| 2025-09-23 | 33.58% |
| 2025-09-22 | 33.59% |
| 2025-09-19 | 33.60% |
| 2025-09-18 | 33.59% |
| 2025-09-17 | 33.59% |
| 2025-09-16 | 33.58% |
| 2025-09-15 | 33.59% |
| 2025-09-12 | 33.59% |
| 2025-09-11 | 33.59% |
| 2025-09-10 | 33.58% |
| 2025-09-09 | 33.58% |
| 2025-09-08 | 33.60% |
| 2025-09-05 | 33.59% |
| 2025-09-04 | 41.81% |
| 2025-09-03 | 33.20% |
| 2025-09-02 | 33.21% |
| 2025-08-29 | 33.20% |
| 2025-08-28 | 33.20% |
| 2025-08-27 | 33.20% |
| 2025-08-26 | 33.20% |
| 2025-08-25 | 33.21% |
| 2025-08-22 | 33.20% |
| 2025-08-21 | 33.21% |
| 2025-08-20 | 33.20% |
| 2025-08-19 | 33.20% |
| 2025-08-18 | 33.21% |
| 2025-08-15 | 33.21% |
| 2025-08-14 | 33.21% |
| 2025-08-13 | 33.19% |
| 2025-08-12 | 33.21% |
| 2025-08-11 | 33.20% |
| 2025-08-08 | 33.20% |
| 2025-08-07 | 33.20% |
| 2025-08-06 | 33.21% |
| 2025-08-05 | 33.20% |
| 2025-08-04 | 33.21% |
| 2025-08-01 | 33.20% |
| 2025-07-31 | 33.21% |
| 2025-07-30 | 33.20% |
| 2025-07-29 | 35.06% |
| 2025-07-28 | 35.07% |
| 2025-07-25 | 35.07% |
| 2025-07-24 | 35.06% |
| 2025-07-23 | 35.07% |
| 2025-07-22 | 35.06% |
| 2025-07-21 | 35.06% |
| 2025-07-18 | 35.07% |
| 2025-07-17 | 35.07% |
| 2025-07-16 | 35.08% |
| 2025-07-15 | 35.07% |
| 2025-07-14 | 35.07% |
Showing the most recent 260 of 2,529 data points. The chart above shows the full history.
| 56.1% |
| 2019 | $3.62 | $2.48 | 68.5% |
| 2018 | ($3.32) | $2.43 | N/A (Loss) |
| 2017 | $1.66 | $2.24 | 134.9% |
| 2016 | $3.84 | $2.07 | 53.9% |
| 2015 | $3.26 | $1.86 | 57.1% |
| 2014 | $4.73 | $1.61 | 34.0% |
| 2013 | $3.99 | $1.30 | 32.6% |
| 2012 | $3.59 | $0.96 | 26.9% |
| 2011 | $2.57 | $0.83 | 32.5% |
| 2010 | $1.98 | $0.74 | 37.4% |
| 2009 | $0.96 | $0.67 | 69.8% |
| 2008 | $1.94 | $0.62 | 32.0% |
| 2007 | $1.99 | $0.54 | 27.1% |
| 2006 | $1.49 | $0.45 | 30.2% |
| 2005 | $1.31 | $0.34 | 26.0% |
| 2004 | $1.06 | $0.23 | 21.2% |
| 2003 | $0.52 | $0.12 | 23.1% |
| 2002 | $0.24 | $0.00 | 0.0% |
| 2001 | ($0.36) | $0.00 | N/A (Loss) |
| 2000 | $0.47 | $0.00 | 0.0% |
| 1999 | $0.17 | $0.00 | 0.0% |
| 1998 | $0.10 | $0.07 | 72.1% |
| 1997 | $0.08 | $0.00 | 0.0% |
| 1996 | $0.02 | $0.00 | 0.0% |
