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 43.27% is in line with its 5-year average of 40.96%, around the middle of its 5-year range (19.96%–68.93%).
As of Thursday, July 30, 2026. 4.88% below its 12-month average of 45.49%.
Dividend Payout Ratio (43.27%) = TTM Dividends/Share ($1.06) / TTM EPS ($2.45)
DIVIDEND PAYOUT RATIO
43.27%
DIVIDEND PAYOUT RATIO AVG TTM
45.49%
DIVIDEND PAYOUT RATIO AVG 3Y
46.74%
DIVIDEND PAYOUT RATIO AVG 5Y
40.89%
DIVIDEND PAYOUT RATIO AVG 10Y
38.58%
DIVIDEND PAYOUT RATIO AVG 15Y
32.14%
DIVIDEND PAYOUT RATIO AVG 20Y
34.95%
CURRENT VS TTM AVG
-4.88%
CURRENT VS 3Y AVG
-7.42%
CURRENT VS 5Y AVG
+5.82%
CURRENT VS 10Y AVG
+12.14%
CURRENT VS 15Y AVG
+34.62%
CURRENT VS 20Y AVG
+23.80%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $2.31 | $1.03 | 44.6% |
| 2024 | $1.94 | $0.98 | 50.5% |
| 2023 | $2.11 | $0.88 | 41.7% |
| 2022 | $2.30 | $0.74 | 32.2% |
| 2021 | $2.51 | $0.65 | 25.9% |
| 2020 | $1.03 | $0.62 |
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 |
|---|---|
| 2026-07-29 | 43.27% |
| 2026-07-28 | 43.25% |
| 2026-07-27 | 43.28% |
| 2026-07-24 | 43.28% |
| 2026-07-23 | 43.25% |
| 2026-07-22 | 43.28% |
| 2026-07-21 | 43.27% |
| 2026-07-20 | 43.27% |
| 2026-07-17 | 43.27% |
| 2026-07-16 | 44.17% |
| 2026-07-15 | 44.18% |
| 2026-07-14 | 44.16% |
| 2026-07-13 | 44.18% |
| 2026-07-10 | 44.18% |
| 2026-07-09 | 44.16% |
| 2026-07-08 | 44.18% |
| 2026-07-07 | 44.18% |
| 2026-07-06 | 44.17% |
| 2026-07-02 | 44.18% |
| 2026-07-01 | 44.16% |
| 2026-06-30 | 44.15% |
| 2026-06-29 | 44.16% |
| 2026-06-26 | 44.18% |
| 2026-06-25 | 44.16% |
| 2026-06-24 | 44.18% |
| 2026-06-23 | 44.15% |
| 2026-06-22 | 44.17% |
| 2026-06-18 | 44.19% |
| 2026-06-17 | 44.18% |
| 2026-06-16 | 44.15% |
| 2026-06-15 | 44.18% |
| 2026-06-12 | 44.18% |
| 2026-06-11 | 44.18% |
| 2026-06-10 | 44.17% |
| 2026-06-09 | 44.18% |
| 2026-06-08 | 44.17% |
| 2026-06-05 | 44.16% |
| 2026-06-04 | 44.18% |
| 2026-06-03 | 44.18% |
| 2026-06-02 | 44.17% |
| 2026-06-01 | 54.58% |
| 2026-05-29 | 43.55% |
| 2026-05-28 | 43.56% |
| 2026-05-27 | 43.53% |
| 2026-05-26 | 43.54% |
| 2026-05-22 | 43.56% |
| 2026-05-21 | 43.56% |
| 2026-05-20 | 43.54% |
| 2026-05-19 | 43.53% |
| 2026-05-18 | 43.55% |
| 2026-05-15 | 43.55% |
| 2026-05-14 | 43.55% |
| 2026-05-13 | 43.56% |
| 2026-05-12 | 43.53% |
| 2026-05-11 | 43.54% |
| 2026-05-08 | 43.53% |
| 2026-05-07 | 43.56% |
| 2026-05-06 | 45.64% |
| 2026-05-05 | 45.62% |
| 2026-05-04 | 45.64% |
| 2026-05-01 | 45.63% |
| 2026-04-30 | 45.64% |
| 2026-04-29 | 45.63% |
| 2026-04-28 | 45.63% |
| 2026-04-27 | 45.63% |
| 2026-04-24 | 45.62% |
| 2026-04-23 | 45.63% |
| 2026-04-22 | 45.64% |
| 2026-04-21 | 45.63% |
| 2026-04-20 | 45.62% |
| 2026-04-17 | 45.62% |
| 2026-04-16 | 45.63% |
| 2026-04-15 | 45.63% |
| 2026-04-14 | 45.64% |
| 2026-04-13 | 45.62% |
| 2026-04-10 | 45.64% |
| 2026-04-09 | 45.62% |
| 2026-04-08 | 45.65% |
| 2026-04-07 | 45.63% |
| 2026-04-06 | 45.65% |
| 2026-04-02 | 45.64% |
| 2026-04-01 | 45.62% |
| 2026-03-31 | 45.65% |
| 2026-03-30 | 45.63% |
| 2026-03-27 | 45.65% |
| 2026-03-26 | 45.63% |
| 2026-03-25 | 45.64% |
| 2026-03-24 | 45.65% |
| 2026-03-23 | 45.64% |
| 2026-03-20 | 45.62% |
| 2026-03-19 | 45.64% |
| 2026-03-18 | 45.62% |
| 2026-03-17 | 45.62% |
| 2026-03-16 | 45.63% |
| 2026-03-13 | 45.65% |
| 2026-03-12 | 45.65% |
| 2026-03-11 | 45.65% |
| 2026-03-10 | 45.65% |
| 2026-03-09 | 45.62% |
| 2026-03-06 | 45.64% |
| 2026-03-05 | 45.62% |
| 2026-03-04 | 45.62% |
| 2026-03-03 | 45.62% |
| 2026-03-02 | 56.53% |
| 2026-02-27 | 44.97% |
| 2026-02-26 | 44.97% |
| 2026-02-25 | 44.96% |
| 2026-02-24 | 44.98% |
| 2026-02-23 | 45.38% |
| 2026-02-20 | 45.37% |
| 2026-02-19 | 45.37% |
| 2026-02-18 | 45.37% |
| 2026-02-17 | 45.38% |
| 2026-02-13 | 45.37% |
| 2026-02-12 | 45.38% |
| 2026-02-11 | 45.36% |
| 2026-02-10 | 45.38% |
| 2026-02-09 | 45.37% |
| 2026-02-06 | 45.39% |
| 2026-02-05 | 45.39% |
| 2026-02-04 | 45.38% |
| 2026-02-03 | 45.37% |
| 2026-02-02 | 45.38% |
| 2026-01-30 | 45.39% |
| 2026-01-29 | 45.38% |
| 2026-01-28 | 45.36% |
| 2026-01-27 | 45.38% |
| 2026-01-26 | 45.37% |
| 2026-01-23 | 45.39% |
| 2026-01-22 | 45.37% |
| 2026-01-21 | 45.37% |
| 2026-01-20 | 45.37% |
| 2026-01-16 | 45.36% |
| 2026-01-15 | 45.36% |
| 2026-01-14 | 45.39% |
| 2026-01-13 | 45.36% |
| 2026-01-12 | 45.38% |
| 2026-01-09 | 45.36% |
| 2026-01-08 | 45.36% |
| 2026-01-07 | 45.38% |
| 2026-01-06 | 45.38% |
| 2026-01-05 | 45.36% |
| 2026-01-02 | 45.37% |
| 2025-12-31 | 45.38% |
| 2025-12-30 | 45.39% |
| 2025-12-29 | 45.39% |
| 2025-12-26 | 45.37% |
| 2025-12-24 | 45.39% |
| 2025-12-23 | 45.39% |
| 2025-12-22 | 45.39% |
| 2025-12-19 | 45.39% |
| 2025-12-18 | 45.37% |
| 2025-12-17 | 45.39% |
| 2025-12-16 | 45.38% |
| 2025-12-15 | 45.39% |
| 2025-12-12 | 45.38% |
| 2025-12-11 | 45.36% |
| 2025-12-10 | 45.37% |
| 2025-12-09 | 45.38% |
| 2025-12-08 | 45.36% |
| 2025-12-05 | 45.39% |
| 2025-12-04 | 45.36% |
| 2025-12-03 | 45.37% |
| 2025-12-02 | 45.36% |
| 2025-12-01 | 56.39% |
| 2025-11-28 | 44.71% |
| 2025-11-26 | 44.71% |
| 2025-11-25 | 44.72% |
| 2025-11-24 | 44.73% |
| 2025-11-21 | 44.70% |
| 2025-11-20 | 44.73% |
| 2025-11-19 | 44.72% |
| 2025-11-18 | 44.71% |
| 2025-11-17 | 44.69% |
| 2025-11-14 | 44.73% |
| 2025-11-13 | 44.73% |
| 2025-11-12 | 44.73% |
| 2025-11-11 | 44.72% |
| 2025-11-10 | 44.71% |
| 2025-11-07 | 44.73% |
| 2025-11-06 | 44.72% |
| 2025-11-05 | 44.71% |
| 2025-11-04 | 44.72% |
| 2025-11-03 | 47.19% |
| 2025-10-31 | 47.23% |
| 2025-10-30 | 47.23% |
| 2025-10-29 | 47.23% |
| 2025-10-28 | 47.22% |
| 2025-10-27 | 47.19% |
| 2025-10-24 | 47.22% |
| 2025-10-23 | 47.21% |
| 2025-10-22 | 47.19% |
| 2025-10-21 | 47.21% |
| 2025-10-20 | 47.21% |
| 2025-10-17 | 47.22% |
| 2025-10-16 | 47.21% |
| 2025-10-15 | 47.22% |
| 2025-10-14 | 47.20% |
| 2025-10-13 | 47.20% |
| 2025-10-10 | 47.22% |
| 2025-10-09 | 47.20% |
| 2025-10-08 | 47.20% |
| 2025-10-07 | 47.22% |
| 2025-10-06 | 47.22% |
| 2025-10-03 | 47.19% |
| 2025-10-02 | 47.22% |
| 2025-10-01 | 47.21% |
| 2025-09-30 | 47.23% |
| 2025-09-29 | 47.23% |
| 2025-09-26 | 47.22% |
| 2025-09-25 | 47.20% |
| 2025-09-24 | 47.21% |
| 2025-09-23 | 47.20% |
| 2025-09-22 | 47.20% |
| 2025-09-19 | 47.20% |
| 2025-09-18 | 47.19% |
| 2025-09-17 | 47.23% |
| 2025-09-16 | 47.20% |
| 2025-09-15 | 47.20% |
| 2025-09-12 | 47.20% |
| 2025-09-11 | 47.22% |
| 2025-09-10 | 47.22% |
| 2025-09-09 | 47.19% |
| 2025-09-08 | 47.22% |
| 2025-09-05 | 47.20% |
| 2025-09-04 | 47.23% |
| 2025-09-03 | 47.21% |
| 2025-09-02 | 58.85% |
| 2025-08-29 | 46.51% |
| 2025-08-28 | 46.51% |
| 2025-08-27 | 46.52% |
| 2025-08-26 | 46.53% |
| 2025-08-25 | 46.53% |
| 2025-08-22 | 46.52% |
| 2025-08-21 | 46.50% |
| 2025-08-20 | 46.52% |
| 2025-08-19 | 46.50% |
| 2025-08-18 | 46.52% |
| 2025-08-15 | 46.52% |
| 2025-08-14 | 46.53% |
| 2025-08-13 | 46.52% |
| 2025-08-12 | 46.51% |
| 2025-08-11 | 46.53% |
| 2025-08-08 | 46.51% |
| 2025-08-07 | 46.51% |
| 2025-08-06 | 46.53% |
| 2025-08-05 | 46.51% |
| 2025-08-04 | 48.09% |
| 2025-08-01 | 48.09% |
| 2025-07-31 | 48.09% |
| 2025-07-30 | 48.09% |
| 2025-07-29 | 48.07% |
| 2025-07-28 | 48.06% |
| 2025-07-25 | 48.07% |
| 2025-07-24 | 48.06% |
| 2025-07-23 | 48.08% |
| 2025-07-22 | 48.09% |
| 2025-07-21 | 48.06% |
| 2025-07-18 | 48.06% |
| 2025-07-17 | 48.06% |
Showing the most recent 260 of 2,313 data points. The chart above shows the full history.
| 60.2% |
| 2019 | $1.51 | $0.59 | 39.1% |
| 2018 | $1.55 | $0.46 | 29.7% |
| 2017 | $1.01 | $0.32 | 31.2% |
| 2016 | $0.87 | $0.26 | 29.3% |
| 2015 | $0.75 | $0.23 | 30.7% |
| 2014 | $0.80 | $0.18 | 22.5% |
| 2013 | $0.78 | $0.10 | 12.8% |
| 2012 | $0.72 | $0.04 | 5.6% |
| 2011 | $1.51 | $0.04 | 2.6% |
| 2010 | ($0.62) | $0.04 | N/A (Loss) |
| 2009 | ($1.27) | $0.13 | N/A (Loss) |
| 2008 | ($8.09) | $0.96 | N/A (Loss) |
| 2007 | $1.77 | $1.46 | 82.5% |
| 2006 | $2.70 | $1.76 | 65.2% |
| 2005 | $2.17 | $1.36 | 62.7% |
| 2004 | $2.22 | $2.00 | 90.2% |
| 2003 | $2.93 | $2.34 | 79.8% |
| 2002 | $2.76 | $2.27 | 82.4% |
| 2001 | $1.83 | $2.24 | 122.4% |
| 2000 | $1.94 | $2.21 | 113.8% |
| 1999 | $1.92 | $2.14 | 111.6% |
| 1998 | $1.92 | $2.08 | 108.3% |
| 1997 | $1.89 | $1.41 | 74.8% |
| 1996 | $1.64 | $0.93 | 56.5% |
