Basis: Latest reported fiscal year. 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 54.54% is in line with its 5-year average of 52.34%, near the high end of its 5-year range (48.17%–54.54%).
As of the fiscal period ended Wednesday, December 31, 2025.
Dividend Payout Ratio (54.54%) = TTM Dividends/Share ($1.39) / TTM EPS ($2.55)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted.
DIVIDEND PAYOUT RATIO
54.54%
DIVIDEND PAYOUT RATIO AVG TTM
N/A
DIVIDEND PAYOUT RATIO AVG 3Y
N/A
DIVIDEND PAYOUT RATIO AVG 5Y
52.34%
DIVIDEND PAYOUT RATIO AVG 10Y
52.34%
DIVIDEND PAYOUT RATIO AVG 15Y
52.34%
DIVIDEND PAYOUT RATIO AVG 20Y
46.14%
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
+4.20%
CURRENT VS 10Y AVG
+4.20%
CURRENT VS 15Y AVG
+4.20%
CURRENT VS 20Y AVG
+18.20%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $2.55 | $1.39 | 54.5% |
| 2024 | $1.43 | $1.35 | 94.3% |
| 2023 | $2.14 | $1.28 | 59.8% |
| 2022 | $2.10 | $1.24 | 59.1% |
| 2021 | $2.25 | $1.22 | 54.3% |
| 2020 | $2.36 | $1.14 | 48.1% |
| 2019 | $2.03 | $1.07 | 52.8% |
| 2018 | $1.56 | $0.89 | 57.1% |
| 2017 | $1.29 | $0.85 | 65.4% |
| 2016 | $1.38 | $1.02 | 73.6% |
| 2015 | $1.30 | $1.00 | 77.5% |
| 2014 | $1.38 | $1.11 | 80.5% |
| 2013 | $1.81 | $0.97 | 53.5% |
| 2012 | $1.52 | $0.92 | 60.7% |
| 2011 | $1.47 | $0.88 | 60.2% |
| 2010 | $1.36 | $0.70 | 51.3% |
| 2009 | $1.09 | $0.53 | 48.3% |
| 2008 | $1.22 | $0.56 | 46.3% |
| 2007 | $1.25 | $0.35 | 27.6% |
| 2006 | $0.95 | $0.24 | 25.1% |
| 2005 | $0.67 | $0.21 | 31.2% |
| 2004 | $0.86 | $0.16 | 18.4% |
| 2003 | $0.37 | $0.13 | 35.2% |
| 2002 | ($0.43) | $0.10 | N/A (Loss) |
| 2001 | $0.33 | $0.08 | 25.6% |
| 2000 | $0.80 | $0.46 | 57.4% |
| 1999 | $0.53 | $0.07 | 13.6% |
| 1998 | $0.47 | $0.07 | 15.0% |
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 |
|---|---|
| 2025-12-31 | 54.54% |
| 2021-12-31 | 54.31% |
| 2020-12-31 | 48.17% |
| 2007-12-31 | 27.55% |
| 2004-12-31 | 18.34% |
| 2003-12-31 | 35.43% |
| 2001-12-31 | 25.38% |
