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 57.31% is 25% below its 5-year average of 76.59%, near the low end of its 5-year range (43.56%–132.85%).
As of Friday, September 11, 2026. 6.59% below its 12-month average of 61.35%.
Dividend Payout Ratio (57.31%) = TTM Dividends/Share ($3.91) / TTM EPS ($6.83)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
57.31%
DIVIDEND PAYOUT RATIO AVG TTM
61.35%
DIVIDEND PAYOUT RATIO AVG 3Y
59.31%
DIVIDEND PAYOUT RATIO AVG 5Y
76.59%
DIVIDEND PAYOUT RATIO AVG 10Y
74.87%
DIVIDEND PAYOUT RATIO AVG 15Y
64.48%
DIVIDEND PAYOUT RATIO AVG 20Y
69.98%
CURRENT VS TTM AVG
-6.59%
CURRENT VS 3Y AVG
-3.37%
CURRENT VS 5Y AVG
-25.17%
CURRENT VS 10Y AVG
-23.46%
CURRENT VS 15Y AVG
-11.12%
CURRENT VS 20Y AVG
-18.11%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $5.24 | $2.98 | 56.9% |
| 2024-12-31 | $4.21 | $2.07 | 49.1% |
| 2023-12-31 | $3.09 | $3.93 | 127.3% |
| 2022-12-31 | $3.41 | $3.44 | 100.9% |
| 2021-12-31 | $4.39 | $3.15 | 71.7% |
| 2020-12-31 | $2.03 |
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 | 57.31% |
| 2026-09-10 | 57.30% |
| 2026-09-09 | 57.31% |
| 2026-09-08 | 57.32% |
| 2026-09-04 | 57.31% |
| 2026-09-03 | 57.30% |
| 2026-09-02 | 57.32% |
| 2026-09-01 | 57.31% |
| 2026-08-31 | 57.31% |
| 2026-08-28 | 57.31% |
| 2026-08-27 | 57.32% |
| 2026-08-26 | 57.32% |
| 2026-08-25 | 57.31% |
| 2026-08-24 | 57.31% |
| 2026-08-21 | 57.32% |
| 2026-08-20 | 57.32% |
| 2026-08-19 | 57.30% |
| 2026-08-18 | 57.32% |
| 2026-08-17 | 57.31% |
| 2026-08-14 | 68.77% |
| 2026-08-13 | 68.78% |
| 2026-08-12 | 68.76% |
| 2026-08-11 | 68.76% |
| 2026-08-10 | 52.66% |
| 2026-08-07 | 52.66% |
| 2026-08-06 | 52.67% |
| 2026-08-05 | 52.66% |
| 2026-08-04 | 52.67% |
| 2026-08-03 | 52.67% |
| 2026-07-31 | 59.85% |
| 2026-07-30 | 59.85% |
| 2026-07-29 | 59.85% |
| 2026-07-28 | 59.84% |
| 2026-07-27 | 59.84% |
| 2026-07-24 | 59.85% |
| 2026-07-23 | 59.85% |
| 2026-07-22 | 59.85% |
| 2026-07-21 | 59.84% |
| 2026-07-20 | 59.84% |
| 2026-07-17 | 59.85% |
| 2026-07-16 | 59.84% |
| 2026-07-15 | 59.85% |
| 2026-07-14 | 59.85% |
| 2026-07-13 | 59.85% |
| 2026-07-10 | 59.85% |
| 2026-07-09 | 59.84% |
| 2026-07-08 | 59.84% |
| 2026-07-07 | 59.84% |
| 2026-07-06 | 59.85% |
| 2026-07-02 | 59.85% |
| 2026-07-01 | 59.85% |
| 2026-06-30 | 59.86% |
| 2026-06-29 | 59.85% |
| 2026-06-26 | 59.86% |
| 2026-06-25 | 59.84% |
| 2026-06-24 | 59.84% |
| 2026-06-23 | 59.84% |
| 2026-06-22 | 59.85% |
| 2026-06-18 | 59.84% |
| 2026-06-17 | 59.84% |
| 2026-06-16 | 59.85% |
| 2026-06-15 | 59.85% |
| 2026-06-12 | 59.85% |
| 2026-06-11 | 59.85% |
| 2026-06-10 | 59.84% |
| 2026-06-09 | 59.85% |
| 2026-06-08 | 59.86% |
| 2026-06-05 | 59.85% |
| 2026-06-04 | 59.84% |
| 2026-06-03 | 59.85% |
| 2026-06-02 | 59.85% |
| 2026-06-01 | 59.84% |
| 2026-05-29 | 59.85% |
| 2026-05-28 | 59.85% |
| 2026-05-27 | 59.85% |
| 2026-05-26 | 59.84% |
| 2026-05-22 | 59.86% |
| 2026-05-21 | 59.84% |
| 2026-05-20 | 59.85% |
| 2026-05-19 | 59.85% |
| 2026-05-18 | 59.84% |
| 2026-05-15 | 59.84% |
| 2026-05-14 | 59.84% |
| 2026-05-13 | 59.85% |
| 2026-05-12 | 43.56% |
| 2026-05-11 | 43.56% |
| 2026-05-08 | 43.56% |
| 2026-05-07 | 43.57% |
| 2026-05-06 | 43.57% |
| 2026-05-05 | 43.57% |
| 2026-05-04 | 43.57% |
| 2026-05-01 | 54.86% |
| 2026-04-30 | 62.43% |
| 2026-04-29 | 62.44% |
| 2026-04-28 | 62.43% |
| 2026-04-27 | 62.44% |
| 2026-04-24 | 62.43% |
| 2026-04-23 | 62.43% |
| 2026-04-22 | 62.43% |
| 2026-04-21 | 62.44% |
| 2026-04-20 | 62.44% |
| 2026-04-17 | 62.44% |
| 2026-04-16 | 62.43% |
| 2026-04-15 | 62.44% |
| 2026-04-14 | 62.43% |
| 2026-04-13 | 62.43% |
| 2026-04-10 | 62.44% |
| 2026-04-09 | 62.43% |
| 2026-04-08 | 62.44% |
| 2026-04-07 | 62.44% |
| 2026-04-06 | 62.43% |
| 2026-04-02 | 62.43% |
| 2026-04-01 | 62.43% |
| 2026-03-31 | 62.43% |
| 2026-03-30 | 62.44% |
| 2026-03-27 | 62.43% |
| 2026-03-26 | 62.44% |
| 2026-03-25 | 62.43% |
| 2026-03-24 | 62.43% |
| 2026-03-23 | 62.44% |
| 2026-03-20 | 62.44% |
| 2026-03-19 | 62.44% |
| 2026-03-18 | 62.43% |
| 2026-03-17 | 62.44% |
| 2026-03-16 | 62.44% |
| 2026-03-13 | 62.43% |
| 2026-03-12 | 62.43% |
| 2026-03-11 | 62.44% |
| 2026-03-10 | 62.43% |
| 2026-03-09 | 62.44% |
| 2026-03-06 | 62.44% |
| 2026-03-05 | 62.44% |
| 2026-03-04 | 62.44% |
| 2026-03-03 | 62.43% |
| 2026-03-02 | 62.44% |
| 2026-02-27 | 69.69% |
| 2026-02-26 | 69.69% |
| 2026-02-25 | 69.70% |
| 2026-02-24 | 69.69% |
| 2026-02-23 | 69.69% |
| 2026-02-20 | 69.69% |
| 2026-02-19 | 69.69% |
| 2026-02-18 | 69.69% |
| 2026-02-17 | 69.69% |
| 2026-02-13 | 69.69% |
| 2026-02-12 | 69.69% |
| 2026-02-11 | 69.69% |
| 2026-02-10 | 83.54% |
| 2026-02-09 | 63.03% |
| 2026-02-06 | 63.04% |
| 2026-02-05 | 63.05% |
| 2026-02-04 | 63.04% |
| 2026-02-03 | 63.04% |
| 2026-02-02 | 63.04% |
| 2026-01-30 | 63.03% |
| 2026-01-29 | 63.03% |
| 2026-01-28 | 63.03% |
| 2026-01-27 | 63.04% |
| 2026-01-26 | 63.04% |
| 2026-01-23 | 63.04% |
| 2026-01-22 | 63.03% |
| 2026-01-21 | 63.04% |
| 2026-01-20 | 63.04% |
| 2026-01-16 | 63.04% |
| 2026-01-15 | 63.03% |
| 2026-01-14 | 63.04% |
| 2026-01-13 | 63.04% |
| 2026-01-12 | 63.04% |
| 2026-01-09 | 63.03% |
| 2026-01-08 | 63.04% |
| 2026-01-07 | 63.04% |
| 2026-01-06 | 63.03% |
| 2026-01-05 | 63.03% |
| 2026-01-02 | 63.03% |
| 2025-12-31 | 63.03% |
| 2025-12-30 | 63.04% |
| 2025-12-29 | 63.05% |
| 2025-12-26 | 63.04% |
| 2025-12-24 | 63.05% |
| 2025-12-23 | 63.03% |
| 2025-12-22 | 63.05% |
| 2025-12-19 | 63.03% |
| 2025-12-18 | 63.03% |
| 2025-12-17 | 63.04% |
| 2025-12-16 | 63.03% |
| 2025-12-15 | 63.03% |
| 2025-12-12 | 63.04% |
| 2025-12-11 | 63.04% |
| 2025-12-10 | 63.04% |
| 2025-12-09 | 63.03% |
| 2025-12-08 | 63.05% |
| 2025-12-05 | 63.03% |
| 2025-12-04 | 63.05% |
| 2025-12-03 | 63.03% |
| 2025-12-02 | 63.03% |
| 2025-12-01 | 63.03% |
| 2025-11-28 | 63.05% |
| 2025-11-26 | 63.04% |
| 2025-11-25 | 63.03% |
| 2025-11-24 | 63.04% |
| 2025-11-21 | 63.04% |
| 2025-11-20 | 63.03% |
| 2025-11-19 | 63.03% |
| 2025-11-18 | 63.03% |
| 2025-11-17 | 63.04% |
| 2025-11-14 | 63.03% |
| 2025-11-13 | 63.04% |
| 2025-11-12 | 63.05% |
| 2025-11-11 | 44.73% |
| 2025-11-10 | 44.73% |
| 2025-11-07 | 44.74% |
| 2025-11-06 | 44.74% |
| 2025-11-05 | 59.35% |
| 2025-11-04 | 59.35% |
| 2025-11-03 | 59.35% |
| 2025-10-31 | 61.85% |
| 2025-10-30 | 61.85% |
| 2025-10-29 | 61.85% |
| 2025-10-28 | 61.85% |
| 2025-10-27 | 61.84% |
| 2025-10-24 | 61.83% |
| 2025-10-23 | 61.83% |
| 2025-10-22 | 61.84% |
| 2025-10-21 | 61.83% |
| 2025-10-20 | 61.84% |
| 2025-10-17 | 61.84% |
| 2025-10-16 | 61.85% |
| 2025-10-15 | 61.84% |
| 2025-10-14 | 61.85% |
| 2025-10-13 | 61.84% |
| 2025-10-10 | 61.85% |
| 2025-10-09 | 61.85% |
| 2025-10-08 | 61.85% |
| 2025-10-07 | 61.83% |
| 2025-10-06 | 61.84% |
| 2025-10-03 | 61.84% |
| 2025-10-02 | 61.85% |
| 2025-10-01 | 61.83% |
| 2025-09-30 | 61.83% |
| 2025-09-29 | 61.83% |
| 2025-09-26 | 61.83% |
| 2025-09-25 | 61.83% |
| 2025-09-24 | 61.85% |
| 2025-09-23 | 61.85% |
| 2025-09-22 | 61.85% |
| 2025-09-19 | 61.84% |
| 2025-09-18 | 61.85% |
| 2025-09-17 | 61.84% |
| 2025-09-16 | 61.83% |
| 2025-09-15 | 61.84% |
| 2025-09-12 | 61.84% |
| 2025-09-11 | 61.83% |
| 2025-09-10 | 61.84% |
| 2025-09-09 | 61.85% |
| 2025-09-08 | 61.84% |
| 2025-09-05 | 61.83% |
| 2025-09-04 | 61.84% |
| 2025-09-03 | 61.85% |
| 2025-09-02 | 61.85% |
| 2025-08-29 | 61.83% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $1.47 |
| 72.7% |
| 2019-12-31 | $1.92 | $2.01 | 104.7% |
| 2018-12-31 | $2.00 | $1.38 | 68.9% |
| 2017-12-31 | $0.94 | $0.58 | 61.7% |
| 2016-12-31 | $1.00 | $0.18 | 17.7% |
| 2015-12-31 | $0.93 | $0.33 | 35.9% |
| 2014-12-31 | $1.61 | $0.45 | 28.1% |
| 2013-12-31 | $1.92 | $0.67 | 34.8% |
| 2012-12-31 | $2.28 | $0.94 | 41.3% |
| 2011-12-31 | $2.73 | $2.42 | 88.6% |
| 2010-12-31 | $1.81 | $1.65 | 91.3% |
| 2009-12-31 | $1.08 | $0.43 | 40.1% |
| 2008-12-31 | $1.58 | $1.91 | 120.7% |
| 2007-12-31 | $2.48 | $2.22 | 89.5% |
| 2006-12-31 | $2.28 | $1.68 | 73.7% |
| 2005-12-31 | $1.57 | $1.04 | 66.3% |
| 2004-12-31 | $1.10 | $0.39 | 35.6% |
| 2003-12-31 | $0.09 | $0.09 | 98.6% |
| 2002-12-31 | $0.12 | $0.06 | 48.3% |
| 2001-12-31 | $0.10 | $0.06 | 61.5% |
| 2000-12-31 | $0.19 | $0.05 | 27.9% |
| 1999-12-31 | $0.06 | $0.02 | 40.7% |
| 1998-12-31 | $0.11 | $0.08 | 75.7% |
| 1997-12-31 | $0.38 | $0.21 | 54.1% |
| 1996-12-31 | $0.37 | $0.48 | 128.5% |
