FCF Payout Ratio: N/A

Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100

FCF payout and earnings payout:

• FCF represents operating cash flow after capital expenditures
• FCF payout compares dividends paid with free cash flow
• FCF payout above 100% means dividends paid exceeded free cash flow for the period
• Earnings payout compares dividends paid with net income

Reading the series: Use the chart and table to compare dividend payments with cash generation over time.