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 49.63% is 27% below its 5-year average of 68.14%, near the low end of its 5-year range (45.25%–169.92%).
As of Sunday, July 26, 2026. 4.27% below its 12-month average of 51.84%.
Dividend Payout Ratio (49.63%) = TTM Dividends/Share ($4.72) / TTM EPS ($9.51)
DIVIDEND PAYOUT RATIO
49.63%
DIVIDEND PAYOUT RATIO AVG TTM
51.84%
DIVIDEND PAYOUT RATIO AVG 3Y
60.18%
DIVIDEND PAYOUT RATIO AVG 5Y
66.28%
DIVIDEND PAYOUT RATIO AVG 10Y
N/A
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-4.27%
CURRENT VS 3Y AVG
-17.54%
CURRENT VS 5Y AVG
-25.12%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $9.83 | $4.44 | 45.2% |
| 2024 | $6.96 | $3.92 | 56.3% |
| 2023 | $4.64 | $3.40 | 73.3% |
| 2022 | $4.27 | $2.84 | 66.5% |
| 2021 | $2.17 | $2.32 | 106.9% |
| 2020 | $0.22 | $1.86 |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-07-24 | 49.63% |
| 2026-07-23 | 49.64% |
| 2026-07-22 | 49.63% |
| 2026-07-21 | 49.62% |
| 2026-07-20 | 49.62% |
| 2026-07-17 | 49.64% |
| 2026-07-16 | 49.64% |
| 2026-07-15 | 49.62% |
| 2026-07-14 | 49.63% |
| 2026-07-13 | 49.62% |
| 2026-07-10 | 49.63% |
| 2026-07-09 | 49.64% |
| 2026-07-08 | 49.64% |
| 2026-07-07 | 49.64% |
| 2026-07-06 | 49.64% |
| 2026-07-02 | 49.64% |
| 2026-07-01 | 49.64% |
| 2026-06-30 | 49.64% |
| 2026-06-29 | 49.62% |
| 2026-06-26 | 49.62% |
| 2026-06-25 | 49.64% |
| 2026-06-24 | 49.63% |
| 2026-06-23 | 49.64% |
| 2026-06-22 | 49.64% |
| 2026-06-18 | 49.63% |
| 2026-06-17 | 49.62% |
| 2026-06-16 | 49.63% |
| 2026-06-15 | 49.63% |
| 2026-06-12 | 49.62% |
| 2026-06-11 | 49.62% |
| 2026-06-10 | 49.63% |
| 2026-06-09 | 49.62% |
| 2026-06-08 | 49.63% |
| 2026-06-05 | 49.62% |
| 2026-06-04 | 49.64% |
| 2026-06-03 | 49.63% |
| 2026-06-02 | 49.63% |
| 2026-06-01 | 49.64% |
| 2026-05-29 | 49.63% |
| 2026-05-28 | 49.64% |
| 2026-05-27 | 49.63% |
| 2026-05-26 | 49.63% |
| 2026-05-22 | 49.64% |
| 2026-05-21 | 48.16% |
| 2026-05-20 | 48.15% |
| 2026-05-19 | 48.16% |
| 2026-05-18 | 48.16% |
| 2026-05-15 | 48.16% |
| 2026-05-14 | 48.17% |
| 2026-05-13 | 48.17% |
| 2026-05-12 | 48.16% |
| 2026-05-11 | 48.17% |
| 2026-05-08 | 48.16% |
| 2026-05-07 | 48.16% |
| 2026-05-06 | 48.16% |
| 2026-05-05 | 48.16% |
| 2026-05-04 | 46.68% |
| 2026-05-01 | 46.68% |
| 2026-04-30 | 46.69% |
| 2026-04-29 | 46.70% |
| 2026-04-28 | 46.69% |
| 2026-04-27 | 46.69% |
| 2026-04-24 | 46.68% |
| 2026-04-23 | 46.70% |
| 2026-04-22 | 46.69% |
| 2026-04-21 | 46.68% |
| 2026-04-20 | 46.69% |
| 2026-04-17 | 46.69% |
| 2026-04-16 | 46.70% |
| 2026-04-15 | 46.68% |
| 2026-04-14 | 46.69% |
| 2026-04-13 | 46.69% |
| 2026-04-10 | 46.69% |
| 2026-04-09 | 46.69% |
| 2026-04-08 | 46.68% |
| 2026-04-07 | 46.68% |
| 2026-04-06 | 46.68% |
| 2026-04-02 | 46.69% |
| 2026-04-01 | 46.69% |
| 2026-03-31 | 46.68% |
| 2026-03-30 | 46.68% |
| 2026-03-27 | 46.69% |
| 2026-03-26 | 46.69% |
| 2026-03-25 | 46.67% |
| 2026-03-24 | 46.69% |
| 2026-03-23 | 46.68% |
| 2026-03-20 | 46.68% |
| 2026-03-19 | 46.68% |
| 2026-03-18 | 46.69% |
| 2026-03-17 | 46.69% |
| 2026-03-16 | 46.68% |
| 2026-03-13 | 46.69% |
| 2026-03-12 | 45.26% |
| 2026-03-11 | 45.26% |
| 2026-03-10 | 45.27% |
| 2026-03-09 | 45.25% |
| 2026-03-06 | 45.26% |
| 2026-03-05 | 45.26% |
| 2026-03-04 | 45.25% |
| 2026-03-03 | 45.26% |
| 2026-03-02 | 45.27% |
| 2026-02-27 | 45.27% |
| 2026-02-26 | 55.84% |
| 2026-02-25 | 55.85% |
| 2026-02-24 | 55.85% |
| 2026-02-23 | 55.84% |
| 2026-02-20 | 55.85% |
| 2026-02-19 | 55.84% |
| 2026-02-18 | 55.85% |
| 2026-02-17 | 55.85% |
| 2026-02-13 | 55.84% |
| 2026-02-12 | 55.85% |
| 2026-02-11 | 55.85% |
| 2026-02-10 | 55.84% |
| 2026-02-09 | 55.84% |
| 2026-02-06 | 55.84% |
| 2026-02-05 | 55.86% |
| 2026-02-04 | 55.84% |
| 2026-02-03 | 55.86% |
| 2026-02-02 | 55.84% |
| 2026-01-30 | 55.85% |
| 2026-01-29 | 55.85% |
| 2026-01-28 | 55.84% |
| 2026-01-27 | 55.86% |
| 2026-01-26 | 55.86% |
| 2026-01-23 | 55.84% |
| 2026-01-22 | 55.86% |
| 2026-01-21 | 55.84% |
| 2026-01-20 | 55.85% |
| 2026-01-16 | 55.86% |
| 2026-01-15 | 55.85% |
| 2026-01-14 | 55.85% |
| 2026-01-13 | 55.84% |
| 2026-01-12 | 55.85% |
| 2026-01-09 | 55.84% |
| 2026-01-08 | 55.84% |
| 2026-01-07 | 55.85% |
| 2026-01-06 | 55.84% |
| 2026-01-05 | 55.86% |
| 2026-01-02 | 55.85% |
| 2025-12-31 | 55.85% |
| 2025-12-30 | 55.85% |
| 2025-12-29 | 55.84% |
| 2025-12-26 | 55.86% |
| 2025-12-24 | 55.86% |
| 2025-12-23 | 55.85% |
| 2025-12-22 | 55.85% |
| 2025-12-19 | 55.85% |
| 2025-12-18 | 55.84% |
| 2025-12-17 | 55.85% |
| 2025-12-16 | 55.86% |
| 2025-12-15 | 55.84% |
| 2025-12-12 | 55.85% |
| 2025-12-11 | 55.86% |
| 2025-12-10 | 55.85% |
| 2025-12-09 | 55.85% |
| 2025-12-08 | 55.84% |
| 2025-12-05 | 55.86% |
| 2025-12-04 | 55.85% |
| 2025-12-03 | 55.84% |
| 2025-12-02 | 55.85% |
| 2025-12-01 | 55.85% |
| 2025-11-28 | 55.86% |
| 2025-11-26 | 55.84% |
| 2025-11-25 | 55.84% |
| 2025-11-24 | 55.85% |
| 2025-11-21 | 55.85% |
| 2025-11-20 | 55.85% |
| 2025-11-19 | 55.86% |
| 2025-11-18 | 55.85% |
| 2025-11-17 | 55.86% |
| 2025-11-14 | 55.86% |
| 2025-11-13 | 68.19% |
| 2025-11-12 | 54.21% |
| 2025-11-11 | 54.20% |
| 2025-11-10 | 54.20% |
| 2025-11-07 | 54.21% |
| 2025-11-06 | 54.22% |
| 2025-11-05 | 52.94% |
| 2025-11-04 | 52.94% |
| 2025-11-03 | 52.94% |
| 2025-10-31 | 52.94% |
| 2025-10-30 | 52.94% |
| 2025-10-29 | 52.94% |
| 2025-10-28 | 52.95% |
| 2025-10-27 | 52.95% |
| 2025-10-24 | 52.95% |
| 2025-10-23 | 52.95% |
| 2025-10-22 | 52.95% |
| 2025-10-21 | 52.94% |
| 2025-10-20 | 52.94% |
| 2025-10-17 | 52.95% |
| 2025-10-16 | 52.94% |
| 2025-10-15 | 52.95% |
| 2025-10-14 | 52.94% |
| 2025-10-13 | 52.95% |
| 2025-10-10 | 52.95% |
| 2025-10-09 | 52.94% |
| 2025-10-08 | 52.95% |
| 2025-10-07 | 52.95% |
| 2025-10-06 | 52.96% |
| 2025-10-03 | 52.95% |
| 2025-10-02 | 52.95% |
| 2025-10-01 | 52.95% |
| 2025-09-30 | 52.94% |
| 2025-09-29 | 52.95% |
| 2025-09-26 | 52.95% |
| 2025-09-25 | 52.95% |
| 2025-09-24 | 52.94% |
| 2025-09-23 | 52.96% |
| 2025-09-22 | 52.94% |
| 2025-09-19 | 52.95% |
| 2025-09-18 | 52.96% |
| 2025-09-17 | 52.94% |
| 2025-09-16 | 52.95% |
| 2025-09-15 | 52.95% |
| 2025-09-12 | 52.96% |
| 2025-09-11 | 52.95% |
| 2025-09-10 | 52.95% |
| 2025-09-09 | 52.94% |
| 2025-09-08 | 52.95% |
| 2025-09-05 | 52.94% |
| 2025-09-04 | 52.96% |
| 2025-09-03 | 52.96% |
| 2025-09-02 | 52.96% |
| 2025-08-29 | 52.96% |
| 2025-08-28 | 52.94% |
| 2025-08-27 | 52.95% |
| 2025-08-26 | 52.94% |
| 2025-08-25 | 52.95% |
| 2025-08-22 | 52.95% |
| 2025-08-21 | 65.00% |
| 2025-08-20 | 51.35% |
| 2025-08-19 | 51.35% |
| 2025-08-18 | 51.35% |
| 2025-08-15 | 51.35% |
| 2025-08-14 | 51.36% |
| 2025-08-13 | 51.35% |
| 2025-08-12 | 51.35% |
| 2025-08-11 | 51.36% |
| 2025-08-08 | 51.35% |
| 2025-08-07 | 51.35% |
| 2025-08-06 | 55.29% |
| 2025-08-05 | 55.29% |
| 2025-08-04 | 55.30% |
| 2025-08-01 | 55.28% |
| 2025-07-31 | 55.28% |
| 2025-07-30 | 55.28% |
| 2025-07-29 | 55.29% |
| 2025-07-28 | 55.28% |
| 2025-07-25 | 55.29% |
| 2025-07-24 | 55.29% |
| 2025-07-23 | 55.30% |
| 2025-07-22 | 55.29% |
| 2025-07-21 | 55.29% |
| 2025-07-18 | 55.29% |
| 2025-07-17 | 55.29% |
| 2025-07-16 | 55.29% |
| 2025-07-15 | 55.30% |
| 2025-07-14 | 55.29% |
Showing the most recent 260 of 904 data points. The chart above shows the full history.
| 845.5% |
| 2019 | $1.30 | $0.74 | 56.9% |
| 2018 | $0.41 | $0.00 | 0.0% |
| 2017 | $0.86 | $0.00 | 0.0% |
| 2016 | $0.61 | $0.00 | 0.0% |
| 2015 | ($1.37) | $0.00 | N/A (Loss) |
| 2014 | ($0.19) | $0.00 | N/A (Loss) |
| 2013 | ($0.44) | $0.00 | N/A (Loss) |
| 2012 | ($1.51) | $0.00 | N/A (Loss) |
| 2011 | ($1.13) | $0.00 | N/A (Loss) |
| 2010 | ($1.68) | $0.00 | N/A (Loss) |
| 2009 | ($1.20) | $0.00 | N/A (Loss) |
| 2008 | ($0.43) | $0.00 | N/A (Loss) |
| 2007 | ($0.74) | $0.00 | N/A (Loss) |
| 2006 | ($1.36) | $0.00 | N/A (Loss) |
| 2005 | ($1.28) | $0.00 | N/A (Loss) |
| 2004 | ($2.52) | $0.00 | N/A (Loss) |
| 2003 | ($3.30) | $0.00 | N/A (Loss) |
| 2002 | ($5.41) | $0.00 | N/A (Loss) |
| 2001 | ($2.64) | $0.00 | N/A (Loss) |
| 2000 | ($0.70) | $0.00 | N/A (Loss) |
| 1999 | ($2.00) | $0.00 | N/A (Loss) |
| 1998 | ($2.33) | $0.00 | N/A (Loss) |
