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 37.21% is 37% below its 5-year average of 59.04%, near the low end of its 5-year range (35.28%–269.05%).
As of Friday, September 11, 2026. 2.85% below its 12-month average of 38.30%.
Dividend Payout Ratio (37.21%) = TTM Dividends/Share ($2.94) / TTM EPS ($7.90)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
37.21%
DIVIDEND PAYOUT RATIO AVG TTM
38.30%
DIVIDEND PAYOUT RATIO AVG 3Y
42.04%
DIVIDEND PAYOUT RATIO AVG 5Y
59.04%
DIVIDEND PAYOUT RATIO AVG 10Y
43.28%
DIVIDEND PAYOUT RATIO AVG 15Y
40.38%
DIVIDEND PAYOUT RATIO AVG 20Y
37.83%
CURRENT VS TTM AVG
-2.85%
CURRENT VS 3Y AVG
-11.49%
CURRENT VS 5Y AVG
-36.98%
CURRENT VS 10Y AVG
-14.04%
CURRENT VS 15Y AVG
-7.86%
CURRENT VS 20Y AVG
-1.64%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $7.09 | $2.63 | 37.1% |
| 2024-12-31 | $2.78 | $2.39 | 86.2% |
| 2023-12-31 | $5.81 | $2.23 | 38.5% |
| 2022-12-31 | $2.10 | $2.61 | 124.4% |
| 2021-12-31 | $5.19 | $2.26 | 43.5% |
| 2020-12-31 | $5.31 |
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 |
|---|---|
| 2026-09-11 | 37.21% |
| 2026-09-10 | 37.21% |
| 2026-09-09 | 37.21% |
| 2026-09-08 | 37.21% |
| 2026-09-04 | 37.20% |
| 2026-09-03 | 37.21% |
| 2026-09-02 | 37.21% |
| 2026-09-01 | 37.21% |
| 2026-08-31 | 37.21% |
| 2026-08-28 | 37.21% |
| 2026-08-27 | 37.20% |
| 2026-08-26 | 37.20% |
| 2026-08-25 | 37.21% |
| 2026-08-24 | 37.20% |
| 2026-08-21 | 37.21% |
| 2026-08-20 | 37.21% |
| 2026-08-19 | 37.21% |
| 2026-08-18 | 37.21% |
| 2026-08-17 | 37.21% |
| 2026-08-14 | 37.20% |
| 2026-08-13 | 37.21% |
| 2026-08-12 | 37.21% |
| 2026-08-11 | 37.21% |
| 2026-08-10 | 37.20% |
| 2026-08-07 | 37.20% |
| 2026-08-06 | 37.20% |
| 2026-08-05 | 37.21% |
| 2026-08-04 | 37.20% |
| 2026-08-03 | 37.20% |
| 2026-07-31 | 37.20% |
| 2026-07-30 | 37.20% |
| 2026-07-29 | 37.20% |
| 2026-07-28 | 39.46% |
| 2026-07-27 | 39.45% |
| 2026-07-24 | 39.44% |
| 2026-07-23 | 39.46% |
| 2026-07-22 | 39.46% |
| 2026-07-21 | 39.46% |
| 2026-07-20 | 39.44% |
| 2026-07-17 | 39.46% |
| 2026-07-16 | 39.44% |
| 2026-07-15 | 39.46% |
| 2026-07-14 | 39.45% |
| 2026-07-13 | 39.45% |
| 2026-07-10 | 39.46% |
| 2026-07-09 | 39.45% |
| 2026-07-08 | 39.45% |
| 2026-07-07 | 39.46% |
| 2026-07-06 | 39.45% |
| 2026-07-02 | 39.45% |
| 2026-07-01 | 39.45% |
| 2026-06-30 | 39.44% |
| 2026-06-29 | 39.45% |
| 2026-06-26 | 39.46% |
| 2026-06-25 | 39.45% |
| 2026-06-24 | 39.45% |
| 2026-06-23 | 39.46% |
| 2026-06-22 | 39.46% |
| 2026-06-18 | 39.44% |
| 2026-06-17 | 39.45% |
| 2026-06-16 | 39.45% |
| 2026-06-15 | 39.46% |
| 2026-06-12 | 39.46% |
| 2026-06-11 | 39.45% |
| 2026-06-10 | 39.46% |
| 2026-06-09 | 39.45% |
| 2026-06-08 | 39.46% |
| 2026-06-05 | 39.45% |
| 2026-06-04 | 39.46% |
| 2026-06-03 | 39.45% |
| 2026-06-02 | 39.45% |
| 2026-06-01 | 39.45% |
| 2026-05-29 | 39.45% |
| 2026-05-28 | 39.45% |
| 2026-05-27 | 39.45% |
| 2026-05-26 | 39.46% |
| 2026-05-22 | 39.44% |
| 2026-05-21 | 39.45% |
| 2026-05-20 | 39.45% |
| 2026-05-19 | 39.46% |
| 2026-05-18 | 39.46% |
| 2026-05-15 | 39.46% |
| 2026-05-14 | 39.46% |
| 2026-05-13 | 39.44% |
| 2026-05-12 | 74.73% |
| 2026-05-11 | 74.73% |
| 2026-05-08 | 74.72% |
| 2026-05-07 | 74.74% |
| 2026-05-06 | 74.74% |
| 2026-05-05 | 74.74% |
| 2026-05-04 | 35.29% |
| 2026-05-01 | 35.28% |
| 2026-04-30 | 35.28% |
| 2026-04-29 | 35.28% |
| 2026-04-28 | 36.62% |
| 2026-04-27 | 36.62% |
| 2026-04-24 | 36.63% |
| 2026-04-23 | 36.62% |
| 2026-04-22 | 36.62% |
| 2026-04-21 | 36.62% |
| 2026-04-20 | 36.62% |
| 2026-04-17 | 36.63% |
| 2026-04-16 | 36.63% |
| 2026-04-15 | 36.63% |
| 2026-04-14 | 36.62% |
| 2026-04-13 | 36.62% |
| 2026-04-10 | 36.62% |
| 2026-04-09 | 36.63% |
| 2026-04-08 | 36.62% |
| 2026-04-07 | 36.62% |
| 2026-04-06 | 36.62% |
| 2026-04-02 | 36.62% |
| 2026-04-01 | 36.62% |
| 2026-03-31 | 36.62% |
| 2026-03-30 | 36.63% |
| 2026-03-27 | 36.62% |
| 2026-03-26 | 36.63% |
| 2026-03-25 | 36.63% |
| 2026-03-24 | 36.62% |
| 2026-03-23 | 36.62% |
| 2026-03-20 | 36.62% |
| 2026-03-19 | 36.62% |
| 2026-03-18 | 36.63% |
| 2026-03-17 | 36.63% |
| 2026-03-16 | 36.63% |
| 2026-03-13 | 36.62% |
| 2026-03-12 | 36.62% |
| 2026-03-11 | 36.62% |
| 2026-03-10 | 36.62% |
| 2026-03-09 | 36.63% |
| 2026-03-06 | 36.63% |
| 2026-03-05 | 36.62% |
| 2026-03-04 | 36.63% |
| 2026-03-03 | 36.62% |
| 2026-03-02 | 36.63% |
| 2026-02-27 | 36.62% |
| 2026-02-26 | 39.00% |
| 2026-02-25 | 38.99% |
| 2026-02-24 | 38.99% |
| 2026-02-23 | 38.98% |
| 2026-02-20 | 39.00% |
| 2026-02-19 | 38.99% |
| 2026-02-18 | 38.99% |
| 2026-02-17 | 38.99% |
| 2026-02-13 | 38.99% |
| 2026-02-12 | 38.99% |
| 2026-02-11 | 38.98% |
| 2026-02-10 | 38.99% |
| 2026-02-09 | 38.98% |
| 2026-02-06 | 38.99% |
| 2026-02-05 | 38.99% |
| 2026-02-04 | 38.98% |
| 2026-02-03 | 38.99% |
| 2026-02-02 | 38.98% |
| 2026-01-30 | 38.99% |
| 2026-01-29 | 38.99% |
| 2026-01-28 | 38.99% |
| 2026-01-27 | 38.99% |
| 2026-01-26 | 38.99% |
| 2026-01-23 | 38.99% |
| 2026-01-22 | 38.99% |
| 2026-01-21 | 38.99% |
| 2026-01-20 | 38.99% |
| 2026-01-16 | 38.99% |
| 2026-01-15 | 38.98% |
| 2026-01-14 | 38.99% |
| 2026-01-13 | 38.98% |
| 2026-01-12 | 38.99% |
| 2026-01-09 | 38.99% |
| 2026-01-08 | 38.98% |
| 2026-01-07 | 38.99% |
| 2026-01-06 | 38.99% |
| 2026-01-05 | 38.99% |
| 2026-01-02 | 38.99% |
| 2025-12-31 | 38.99% |
| 2025-12-30 | 38.99% |
| 2025-12-29 | 38.99% |
| 2025-12-26 | 38.98% |
| 2025-12-24 | 38.99% |
| 2025-12-23 | 38.99% |
| 2025-12-22 | 38.99% |
| 2025-12-19 | 38.99% |
| 2025-12-18 | 38.99% |
| 2025-12-17 | 38.99% |
| 2025-12-16 | 38.98% |
| 2025-12-15 | 38.99% |
| 2025-12-12 | 38.99% |
| 2025-12-11 | 38.99% |
| 2025-12-10 | 38.99% |
| 2025-12-09 | 38.98% |
| 2025-12-08 | 38.99% |
| 2025-12-05 | 38.99% |
| 2025-12-04 | 38.99% |
| 2025-12-03 | 38.99% |
| 2025-12-02 | 38.99% |
| 2025-12-01 | 38.99% |
| 2025-11-28 | 38.99% |
| 2025-11-26 | 38.98% |
| 2025-11-25 | 38.98% |
| 2025-11-24 | 38.99% |
| 2025-11-21 | 38.99% |
| 2025-11-20 | 38.99% |
| 2025-11-19 | 38.99% |
| 2025-11-18 | 38.99% |
| 2025-11-17 | 38.99% |
| 2025-11-14 | 38.99% |
| 2025-11-13 | 38.99% |
| 2025-11-12 | 38.99% |
| 2025-11-11 | 38.99% |
| 2025-11-10 | 38.99% |
| 2025-11-07 | 38.98% |
| 2025-11-06 | 38.99% |
| 2025-11-05 | 38.99% |
| 2025-11-04 | 38.99% |
| 2025-11-03 | 38.99% |
| 2025-10-31 | 38.99% |
| 2025-10-30 | 38.99% |
| 2025-10-29 | 38.99% |
| 2025-10-28 | 38.99% |
| 2025-10-27 | 42.98% |
| 2025-10-24 | 42.98% |
| 2025-10-23 | 42.98% |
| 2025-10-22 | 42.98% |
| 2025-10-21 | 42.97% |
| 2025-10-20 | 42.98% |
| 2025-10-17 | 42.98% |
| 2025-10-16 | 42.98% |
| 2025-10-15 | 42.98% |
| 2025-10-14 | 42.98% |
| 2025-10-13 | 42.97% |
| 2025-10-10 | 42.97% |
| 2025-10-09 | 42.98% |
| 2025-10-08 | 42.97% |
| 2025-10-07 | 42.98% |
| 2025-10-06 | 42.97% |
| 2025-10-03 | 42.98% |
| 2025-10-02 | 42.98% |
| 2025-10-01 | 42.97% |
| 2025-09-30 | 42.98% |
| 2025-09-29 | 42.97% |
| 2025-09-26 | 42.98% |
| 2025-09-25 | 42.98% |
| 2025-09-24 | 42.98% |
| 2025-09-23 | 42.98% |
| 2025-09-22 | 42.98% |
| 2025-09-19 | 42.98% |
| 2025-09-18 | 42.98% |
| 2025-09-17 | 42.98% |
| 2025-09-16 | 42.97% |
| 2025-09-15 | 42.98% |
| 2025-09-12 | 42.97% |
| 2025-09-11 | 42.97% |
| 2025-09-10 | 42.97% |
| 2025-09-09 | 42.97% |
| 2025-09-08 | 42.98% |
| 2025-09-05 | 42.98% |
| 2025-09-04 | 42.98% |
| 2025-09-03 | 42.98% |
| 2025-09-02 | 42.97% |
| 2025-08-29 | 42.98% |
Showing the most recent 260 of 2,642 data points. The chart above shows the full history.
| $1.73 |
| 32.6% |
| 2019-12-31 | $3.14 | $1.67 | 53.3% |
| 2018-12-31 | $3.91 | $1.65 | 42.3% |
| 2017-12-31 | $4.03 | $1.37 | 34.0% |
| 2016-12-31 | $3.19 | $1.31 | 41.0% |
| 2015-12-31 | $2.78 | $1.22 | 43.9% |
| 2014-12-31 | $3.32 | $1.37 | 41.2% |
| 2013-12-31 | $3.84 | $1.11 | 28.9% |
| 2012-12-31 | $3.12 | $1.38 | 44.3% |
| 2011-12-31 | $3.75 | $0.85 | 22.7% |
| 2010-12-31 | $2.05 | $0.60 | 29.2% |
| 2009-12-31 | $2.15 | $0.68 | 31.7% |
| 2008-12-31 | $2.16 | $0.77 | 35.7% |
| 2007-12-31 | $2.32 | $0.62 | 26.7% |
| 2006-12-31 | $2.02 | $0.46 | 22.8% |
| 2005-12-31 | $1.43 | $0.35 | 24.2% |
| 2004-12-31 | $1.42 | $0.24 | 16.6% |
| 2003-12-31 | $1.10 | $0.17 | 15.7% |
| 2002-12-31 | $0.43 | $0.13 | 30.5% |
| 2001-12-31 | $0.41 | $0.13 | 31.4% |
| 2000-12-31 | $0.47 | $0.12 | 25.2% |
| 1999-12-31 | $0.48 | $0.14 | 29.3% |
| 1998-12-31 | $0.50 | $0.13 | 26.3% |
| 1997-12-31 | $0.41 | $0.00 | 0.0% |
| 1996-12-31 | $0.58 | $0.64 | 110.6% |
