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 18.46% is in line with its 5-year average of 19.39%, around the middle of its 5-year range (11.86%–27.06%).
As of Wednesday, August 5, 2026. 6.16% below its 12-month average of 19.67%.
Dividend Payout Ratio (18.46%) = TTM Dividends/Share ($2.12) / TTM EPS ($11.48)
DIVIDEND PAYOUT RATIO
18.46%
DIVIDEND PAYOUT RATIO AVG TTM
19.67%
DIVIDEND PAYOUT RATIO AVG 3Y
19.83%
DIVIDEND PAYOUT RATIO AVG 5Y
19.56%
DIVIDEND PAYOUT RATIO AVG 10Y
20.06%
DIVIDEND PAYOUT RATIO AVG 15Y
20.77%
DIVIDEND PAYOUT RATIO AVG 20Y
20.77%
CURRENT VS TTM AVG
-6.16%
CURRENT VS 3Y AVG
-6.91%
CURRENT VS 5Y AVG
-5.62%
CURRENT VS 10Y AVG
-7.95%
CURRENT VS 15Y AVG
-11.11%
CURRENT VS 20Y AVG
-11.10%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $10.53 | $2.00 | 19.0% |
| 2024 | $9.94 | $1.35 | 13.6% |
| 2023 | $8.16 | $1.71 | 21.0% |
| 2022 | $7.16 | $1.78 | 24.9% |
| 2021 | $6.81 | $1.04 | 15.3% |
| 2020 | $3.96 | $0.74 |
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 |
|---|---|
| 2026-08-04 | 18.46% |
| 2026-08-03 | 18.47% |
| 2026-07-31 | 18.47% |
| 2026-07-30 | 18.47% |
| 2026-07-29 | 18.47% |
| 2026-07-28 | 18.46% |
| 2026-07-27 | 18.46% |
| 2026-07-24 | 18.47% |
| 2026-07-23 | 18.46% |
| 2026-07-22 | 18.47% |
| 2026-07-21 | 20.02% |
| 2026-07-20 | 20.01% |
| 2026-07-17 | 20.02% |
| 2026-07-16 | 20.01% |
| 2026-07-15 | 20.02% |
| 2026-07-14 | 20.02% |
| 2026-07-13 | 20.02% |
| 2026-07-10 | 20.02% |
| 2026-07-09 | 20.02% |
| 2026-07-08 | 20.01% |
| 2026-07-07 | 20.02% |
| 2026-07-06 | 20.01% |
| 2026-07-02 | 20.02% |
| 2026-07-01 | 20.02% |
| 2026-06-30 | 19.65% |
| 2026-06-29 | 19.64% |
| 2026-06-26 | 19.64% |
| 2026-06-25 | 19.64% |
| 2026-06-24 | 19.65% |
| 2026-06-23 | 19.65% |
| 2026-06-22 | 19.64% |
| 2026-06-18 | 19.64% |
| 2026-06-17 | 19.64% |
| 2026-06-16 | 19.64% |
| 2026-06-15 | 19.64% |
| 2026-06-12 | 19.64% |
| 2026-06-11 | 19.64% |
| 2026-06-10 | 19.64% |
| 2026-06-09 | 19.64% |
| 2026-06-08 | 19.64% |
| 2026-06-05 | 19.64% |
| 2026-06-04 | 19.64% |
| 2026-06-03 | 19.64% |
| 2026-06-02 | 19.64% |
| 2026-06-01 | 19.64% |
| 2026-05-29 | 19.64% |
| 2026-05-28 | 19.64% |
| 2026-05-27 | 19.64% |
| 2026-05-26 | 19.65% |
| 2026-05-22 | 19.64% |
| 2026-05-21 | 19.64% |
| 2026-05-20 | 19.64% |
| 2026-05-19 | 19.64% |
| 2026-05-18 | 19.65% |
| 2026-05-15 | 19.64% |
| 2026-05-14 | 19.64% |
| 2026-05-13 | 19.64% |
| 2026-05-12 | 19.64% |
| 2026-05-11 | 19.64% |
| 2026-05-08 | 19.64% |
| 2026-05-07 | 19.64% |
| 2026-05-06 | 19.64% |
| 2026-05-05 | 20.33% |
| 2026-05-04 | 20.33% |
| 2026-05-01 | 20.33% |
| 2026-04-30 | 20.34% |
| 2026-04-29 | 20.33% |
| 2026-04-28 | 20.33% |
| 2026-04-27 | 20.33% |
| 2026-04-24 | 20.34% |
| 2026-04-23 | 20.34% |
| 2026-04-22 | 20.33% |
| 2026-04-21 | 20.34% |
| 2026-04-20 | 20.33% |
| 2026-04-17 | 20.33% |
| 2026-04-16 | 20.34% |
| 2026-04-15 | 20.34% |
| 2026-04-14 | 20.33% |
| 2026-04-13 | 20.33% |
| 2026-04-10 | 20.33% |
| 2026-04-09 | 20.33% |
| 2026-04-08 | 20.33% |
| 2026-04-07 | 20.34% |
| 2026-04-06 | 20.34% |
| 2026-04-02 | 20.33% |
| 2026-04-01 | 20.34% |
| 2026-03-31 | 19.94% |
| 2026-03-30 | 19.94% |
| 2026-03-27 | 19.94% |
| 2026-03-26 | 19.95% |
| 2026-03-25 | 19.95% |
| 2026-03-24 | 19.94% |
| 2026-03-23 | 19.95% |
| 2026-03-20 | 19.94% |
| 2026-03-19 | 19.95% |
| 2026-03-18 | 19.94% |
| 2026-03-17 | 19.95% |
| 2026-03-16 | 19.94% |
| 2026-03-13 | 19.94% |
| 2026-03-12 | 19.94% |
| 2026-03-11 | 19.94% |
| 2026-03-10 | 19.94% |
| 2026-03-09 | 19.94% |
| 2026-03-06 | 19.94% |
| 2026-03-05 | 19.94% |
| 2026-03-04 | 19.94% |
| 2026-03-03 | 19.94% |
| 2026-03-02 | 19.93% |
| 2026-02-27 | 19.94% |
| 2026-02-26 | 19.94% |
| 2026-02-25 | 19.94% |
| 2026-02-24 | 19.94% |
| 2026-02-23 | 19.94% |
| 2026-02-20 | 19.94% |
| 2026-02-19 | 19.94% |
| 2026-02-18 | 19.94% |
| 2026-02-17 | 19.94% |
| 2026-02-13 | 19.94% |
| 2026-02-12 | 19.95% |
| 2026-02-11 | 19.94% |
| 2026-02-10 | 19.94% |
| 2026-02-09 | 19.95% |
| 2026-02-06 | 19.94% |
| 2026-02-05 | 19.81% |
| 2026-02-04 | 19.80% |
| 2026-02-03 | 19.81% |
| 2026-02-02 | 19.81% |
| 2026-01-30 | 19.80% |
| 2026-01-29 | 19.80% |
| 2026-01-28 | 19.80% |
| 2026-01-27 | 19.81% |
| 2026-01-26 | 19.80% |
| 2026-01-23 | 19.81% |
| 2026-01-22 | 19.81% |
| 2026-01-21 | 19.81% |
| 2026-01-20 | 19.80% |
| 2026-01-16 | 19.81% |
| 2026-01-15 | 19.81% |
| 2026-01-14 | 19.81% |
| 2026-01-13 | 19.80% |
| 2026-01-12 | 19.80% |
| 2026-01-09 | 19.80% |
| 2026-01-08 | 19.81% |
| 2026-01-07 | 19.80% |
| 2026-01-06 | 19.80% |
| 2026-01-05 | 19.81% |
| 2026-01-02 | 19.80% |
| 2025-12-31 | 19.42% |
| 2025-12-30 | 19.42% |
| 2025-12-29 | 19.42% |
| 2025-12-26 | 19.42% |
| 2025-12-24 | 19.42% |
| 2025-12-23 | 19.41% |
| 2025-12-22 | 19.42% |
| 2025-12-19 | 19.42% |
| 2025-12-18 | 19.42% |
| 2025-12-17 | 19.41% |
| 2025-12-16 | 19.41% |
| 2025-12-15 | 19.42% |
| 2025-12-12 | 19.42% |
| 2025-12-11 | 19.41% |
| 2025-12-10 | 19.42% |
| 2025-12-09 | 19.41% |
| 2025-12-08 | 19.42% |
| 2025-12-05 | 19.42% |
| 2025-12-04 | 19.42% |
| 2025-12-03 | 19.42% |
| 2025-12-02 | 19.42% |
| 2025-12-01 | 19.42% |
| 2025-11-28 | 19.42% |
| 2025-11-26 | 19.42% |
| 2025-11-25 | 19.41% |
| 2025-11-24 | 19.60% |
| 2025-11-21 | 19.61% |
| 2025-11-20 | 19.61% |
| 2025-11-19 | 19.60% |
| 2025-11-18 | 19.60% |
| 2025-11-17 | 19.61% |
| 2025-11-14 | 19.61% |
| 2025-11-13 | 19.61% |
| 2025-11-12 | 19.61% |
| 2025-11-11 | 19.61% |
| 2025-11-10 | 19.61% |
| 2025-11-07 | 19.61% |
| 2025-11-06 | 19.61% |
| 2025-11-05 | 19.61% |
| 2025-11-04 | 19.61% |
| 2025-11-03 | 19.61% |
| 2025-10-31 | 19.61% |
| 2025-10-30 | 19.61% |
| 2025-10-29 | 19.60% |
| 2025-10-28 | 19.61% |
| 2025-10-27 | 19.60% |
| 2025-10-24 | 19.61% |
| 2025-10-23 | 19.60% |
| 2025-10-22 | 19.61% |
| 2025-10-21 | 19.61% |
| 2025-10-20 | 19.60% |
| 2025-10-17 | 19.60% |
| 2025-10-16 | 19.60% |
| 2025-10-15 | 19.61% |
| 2025-10-14 | 19.61% |
| 2025-10-13 | 19.60% |
| 2025-10-10 | 19.60% |
| 2025-10-09 | 19.60% |
| 2025-10-08 | 19.61% |
| 2025-10-07 | 19.61% |
| 2025-10-06 | 19.61% |
| 2025-10-03 | 19.60% |
| 2025-10-02 | 19.61% |
| 2025-10-01 | 19.60% |
| 2025-09-30 | 19.12% |
| 2025-09-29 | 19.12% |
| 2025-09-26 | 19.11% |
| 2025-09-25 | 19.12% |
| 2025-09-24 | 19.11% |
| 2025-09-23 | 19.12% |
| 2025-09-22 | 19.12% |
| 2025-09-19 | 19.11% |
| 2025-09-18 | 19.12% |
| 2025-09-17 | 19.11% |
| 2025-09-16 | 19.12% |
| 2025-09-15 | 19.12% |
| 2025-09-12 | 19.11% |
| 2025-09-11 | 19.11% |
| 2025-09-10 | 19.11% |
| 2025-09-09 | 19.11% |
| 2025-09-08 | 19.12% |
| 2025-09-05 | 19.12% |
| 2025-09-04 | 19.11% |
| 2025-09-03 | 19.12% |
| 2025-09-02 | 19.12% |
| 2025-08-29 | 19.12% |
| 2025-08-28 | 19.12% |
| 2025-08-27 | 19.12% |
| 2025-08-26 | 19.12% |
| 2025-08-25 | 19.11% |
| 2025-08-22 | 19.11% |
| 2025-08-21 | 19.12% |
| 2025-08-20 | 19.12% |
| 2025-08-19 | 19.12% |
| 2025-08-18 | 19.11% |
| 2025-08-15 | 19.12% |
| 2025-08-14 | 19.11% |
| 2025-08-13 | 19.11% |
| 2025-08-12 | 19.12% |
| 2025-08-11 | 19.12% |
| 2025-08-08 | 19.12% |
| 2025-08-07 | 19.12% |
| 2025-08-06 | 19.12% |
| 2025-08-05 | 18.77% |
| 2025-08-04 | 18.76% |
| 2025-08-01 | 18.77% |
| 2025-07-31 | 18.77% |
| 2025-07-30 | 18.77% |
| 2025-07-29 | 18.77% |
| 2025-07-28 | 18.76% |
| 2025-07-25 | 18.77% |
| 2025-07-24 | 18.77% |
| 2025-07-23 | 18.76% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 18.7% |
| 2019 | $4.88 | $1.15 | 23.6% |
| 2018 | $3.93 | $0.73 | 18.7% |
| 2017 | $2.96 | $0.44 | 14.9% |
| 2016 | $2.48 | $0.55 | 22.0% |
| 2015 | $2.34 | $0.49 | 21.1% |
| 2014 | $2.29 | $0.44 | 19.2% |
| 2013 | $1.76 | $0.39 | 22.0% |
| 2012 | $1.48 | $0.35 | 23.9% |
| 2011 | $1.47 | $0.35 | 23.6% |
| 2010 | $1.28 | $0.31 | 24.0% |
| 2009 | $0.87 | $0.29 | 33.7% |
| 2008 | $1.35 | $0.37 | 27.2% |
| 2007 | $1.45 | $0.20 | 13.8% |
| 2006 | $1.27 | $0.21 | 16.4% |
| 2005 | $0.91 | $0.16 | 17.6% |
| 2004 | $0.77 | $0.13 | 16.7% |
| 2003 | $0.53 | $0.11 | 20.1% |
| 2002 | $0.48 | $0.10 | 21.3% |
| 2001 | $0.60 | $0.11 | 17.8% |
| 2000 | $0.80 | $0.09 | 11.7% |
| 1999 | $0.53 | $0.08 | 15.9% |
| 1998 | $0.57 | $0.07 | 13.0% |
| 1997 | $0.62 | $0.07 | 10.5% |
| 1996 | $0.41 | $0.05 | 12.7% |
