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 49.81% is 23% above its 5-year average of 40.62%, near the high end of its 5-year range (28.72%–49.81%).
As of Friday, September 11, 2026. 5.36% above its 12-month average of 47.27%.
Dividend Payout Ratio (49.81%) = TTM Dividends/Share ($9.76) / TTM EPS ($19.59)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
49.81%
DIVIDEND PAYOUT RATIO AVG TTM
47.27%
DIVIDEND PAYOUT RATIO AVG 3Y
43.18%
DIVIDEND PAYOUT RATIO AVG 5Y
40.62%
DIVIDEND PAYOUT RATIO AVG 10Y
36.95%
DIVIDEND PAYOUT RATIO AVG 15Y
34.03%
DIVIDEND PAYOUT RATIO AVG 20Y
35.28%
CURRENT VS TTM AVG
+5.36%
CURRENT VS 3Y AVG
+15.36%
CURRENT VS 5Y AVG
+22.61%
CURRENT VS 10Y AVG
+34.80%
CURRENT VS 15Y AVG
+46.37%
CURRENT VS 20Y AVG
+41.17%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2026-01-03 | $19.52 | $8.86 | 45.4% |
| 2024-12-28 | $19.85 | $7.72 | 38.9% |
| 2023-12-30 | $19.11 | $6.72 | 35.2% |
| 2022-12-31 | $17.14 | $5.88 | 34.3% |
| 2022-01-01 | $15.22 | $5.11 | 33.6% |
| 2021-01-02 | $11.55 |
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 | 49.81% |
| 2026-09-10 | 49.79% |
| 2026-09-09 | 49.81% |
| 2026-09-08 | 49.79% |
| 2026-09-04 | 49.79% |
| 2026-09-03 | 49.79% |
| 2026-09-02 | 49.80% |
| 2026-09-01 | 49.80% |
| 2026-08-31 | 49.80% |
| 2026-08-28 | 49.79% |
| 2026-08-27 | 49.81% |
| 2026-08-26 | 49.80% |
| 2026-08-25 | 49.79% |
| 2026-08-24 | 49.80% |
| 2026-08-21 | 49.79% |
| 2026-08-20 | 49.79% |
| 2026-08-19 | 49.80% |
| 2026-08-18 | 48.27% |
| 2026-08-17 | 48.26% |
| 2026-08-14 | 48.27% |
| 2026-08-13 | 48.26% |
| 2026-08-12 | 48.27% |
| 2026-08-11 | 48.27% |
| 2026-08-10 | 48.28% |
| 2026-08-07 | 48.26% |
| 2026-08-06 | 48.27% |
| 2026-08-05 | 48.27% |
| 2026-08-04 | 48.26% |
| 2026-08-03 | 48.27% |
| 2026-07-31 | 48.27% |
| 2026-07-30 | 48.27% |
| 2026-07-29 | 48.25% |
| 2026-07-28 | 48.26% |
| 2026-07-27 | 48.27% |
| 2026-07-24 | 48.27% |
| 2026-07-23 | 48.85% |
| 2026-07-22 | 48.86% |
| 2026-07-21 | 48.87% |
| 2026-07-20 | 48.87% |
| 2026-07-17 | 48.87% |
| 2026-07-16 | 48.85% |
| 2026-07-15 | 48.86% |
| 2026-07-14 | 48.86% |
| 2026-07-13 | 48.87% |
| 2026-07-10 | 48.86% |
| 2026-07-09 | 48.86% |
| 2026-07-08 | 48.87% |
| 2026-07-07 | 48.86% |
| 2026-07-06 | 48.85% |
| 2026-07-02 | 48.87% |
| 2026-07-01 | 48.86% |
| 2026-06-30 | 48.88% |
| 2026-06-29 | 48.87% |
| 2026-06-26 | 48.86% |
| 2026-06-25 | 48.86% |
| 2026-06-24 | 48.88% |
| 2026-06-23 | 48.86% |
| 2026-06-22 | 48.86% |
| 2026-06-18 | 48.86% |
| 2026-06-17 | 48.86% |
| 2026-06-16 | 48.86% |
| 2026-06-15 | 48.86% |
| 2026-06-12 | 48.85% |
| 2026-06-11 | 48.87% |
| 2026-06-10 | 48.87% |
| 2026-06-09 | 48.86% |
| 2026-06-08 | 48.86% |
| 2026-06-05 | 48.87% |
| 2026-06-04 | 48.86% |
| 2026-06-03 | 48.86% |
| 2026-06-02 | 48.87% |
| 2026-06-01 | 48.87% |
| 2026-05-29 | 48.85% |
| 2026-05-28 | 48.86% |
| 2026-05-27 | 48.86% |
| 2026-05-26 | 48.86% |
| 2026-05-22 | 48.87% |
| 2026-05-21 | 48.85% |
| 2026-05-20 | 48.87% |
| 2026-05-19 | 47.31% |
| 2026-05-18 | 47.32% |
| 2026-05-15 | 47.32% |
| 2026-05-14 | 47.30% |
| 2026-05-13 | 47.32% |
| 2026-05-12 | 47.31% |
| 2026-05-11 | 47.33% |
| 2026-05-08 | 47.32% |
| 2026-05-07 | 47.32% |
| 2026-05-06 | 47.30% |
| 2026-05-05 | 47.32% |
| 2026-05-04 | 47.31% |
| 2026-05-01 | 47.32% |
| 2026-04-30 | 47.31% |
| 2026-04-29 | 47.32% |
| 2026-04-28 | 47.31% |
| 2026-04-27 | 47.32% |
| 2026-04-24 | 47.32% |
| 2026-04-23 | 47.75% |
| 2026-04-22 | 47.77% |
| 2026-04-21 | 47.76% |
| 2026-04-20 | 47.76% |
| 2026-04-17 | 47.77% |
| 2026-04-16 | 47.77% |
| 2026-04-15 | 47.77% |
| 2026-04-14 | 47.76% |
| 2026-04-13 | 47.75% |
| 2026-04-10 | 47.76% |
| 2026-04-09 | 47.76% |
| 2026-04-08 | 47.75% |
| 2026-04-07 | 47.76% |
| 2026-04-06 | 47.77% |
| 2026-04-02 | 47.76% |
| 2026-04-01 | 47.77% |
| 2026-03-31 | 47.76% |
| 2026-03-30 | 47.75% |
| 2026-03-27 | 47.76% |
| 2026-03-26 | 47.75% |
| 2026-03-25 | 47.77% |
| 2026-03-24 | 47.76% |
| 2026-03-23 | 47.75% |
| 2026-03-20 | 47.76% |
| 2026-03-19 | 47.76% |
| 2026-03-18 | 47.75% |
| 2026-03-17 | 47.77% |
| 2026-03-16 | 47.76% |
| 2026-03-13 | 47.76% |
| 2026-03-12 | 47.76% |
| 2026-03-11 | 47.76% |
| 2026-03-10 | 47.76% |
| 2026-03-09 | 47.77% |
| 2026-03-06 | 47.75% |
| 2026-03-05 | 47.76% |
| 2026-03-04 | 47.75% |
| 2026-03-03 | 47.75% |
| 2026-03-02 | 47.75% |
| 2026-02-27 | 47.75% |
| 2026-02-26 | 47.76% |
| 2026-02-25 | 47.76% |
| 2026-02-24 | 47.76% |
| 2026-02-23 | 46.19% |
| 2026-02-20 | 46.20% |
| 2026-02-19 | 46.18% |
| 2026-02-18 | 46.19% |
| 2026-02-17 | 46.19% |
| 2026-02-13 | 46.19% |
| 2026-02-12 | 46.48% |
| 2026-02-11 | 46.49% |
| 2026-02-10 | 46.48% |
| 2026-02-09 | 46.48% |
| 2026-02-06 | 46.49% |
| 2026-02-05 | 46.47% |
| 2026-02-04 | 46.49% |
| 2026-02-03 | 46.48% |
| 2026-02-02 | 46.48% |
| 2026-01-30 | 46.49% |
| 2026-01-29 | 46.50% |
| 2026-01-28 | 46.49% |
| 2026-01-27 | 46.49% |
| 2026-01-26 | 46.49% |
| 2026-01-23 | 46.50% |
| 2026-01-22 | 46.48% |
| 2026-01-21 | 46.49% |
| 2026-01-20 | 46.49% |
| 2026-01-16 | 46.49% |
| 2026-01-15 | 46.49% |
| 2026-01-14 | 46.47% |
| 2026-01-13 | 46.49% |
| 2026-01-12 | 46.48% |
| 2026-01-09 | 46.48% |
| 2026-01-08 | 46.49% |
| 2026-01-07 | 46.49% |
| 2026-01-06 | 46.49% |
| 2026-01-05 | 46.48% |
| 2026-01-02 | 46.48% |
| 2025-12-31 | 46.49% |
| 2025-12-30 | 46.50% |
| 2025-12-29 | 46.50% |
| 2025-12-26 | 46.48% |
| 2025-12-24 | 46.49% |
| 2025-12-23 | 46.49% |
| 2025-12-22 | 46.47% |
| 2025-12-19 | 46.49% |
| 2025-12-18 | 46.48% |
| 2025-12-17 | 46.50% |
| 2025-12-16 | 46.48% |
| 2025-12-15 | 46.50% |
| 2025-12-12 | 46.49% |
| 2025-12-11 | 46.48% |
| 2025-12-10 | 46.48% |
| 2025-12-09 | 46.49% |
| 2025-12-08 | 46.49% |
| 2025-12-05 | 46.49% |
| 2025-12-04 | 46.48% |
| 2025-12-03 | 46.49% |
| 2025-12-02 | 46.49% |
| 2025-12-01 | 46.49% |
| 2025-11-28 | 46.48% |
| 2025-11-26 | 46.49% |
| 2025-11-25 | 46.48% |
| 2025-11-24 | 46.48% |
| 2025-11-21 | 46.48% |
| 2025-11-20 | 44.92% |
| 2025-11-19 | 44.91% |
| 2025-11-18 | 44.91% |
| 2025-11-17 | 44.92% |
| 2025-11-14 | 44.90% |
| 2025-11-13 | 44.92% |
| 2025-11-12 | 44.92% |
| 2025-11-11 | 44.91% |
| 2025-11-10 | 44.92% |
| 2025-11-07 | 44.90% |
| 2025-11-06 | 44.91% |
| 2025-11-05 | 44.90% |
| 2025-11-04 | 44.91% |
| 2025-11-03 | 44.91% |
| 2025-10-31 | 44.90% |
| 2025-10-30 | 44.92% |
| 2025-10-29 | 44.91% |
| 2025-10-28 | 44.91% |
| 2025-10-27 | 44.92% |
| 2025-10-24 | 44.90% |
| 2025-10-23 | 44.91% |
| 2025-10-22 | 44.92% |
| 2025-10-21 | 44.91% |
| 2025-10-20 | 44.90% |
| 2025-10-17 | 44.92% |
| 2025-10-16 | 45.66% |
| 2025-10-15 | 45.66% |
| 2025-10-14 | 45.64% |
| 2025-10-13 | 45.66% |
| 2025-10-10 | 45.66% |
| 2025-10-09 | 45.67% |
| 2025-10-08 | 45.64% |
| 2025-10-07 | 45.64% |
| 2025-10-06 | 45.65% |
| 2025-10-03 | 45.66% |
| 2025-10-02 | 45.65% |
| 2025-10-01 | 45.65% |
| 2025-09-30 | 45.65% |
| 2025-09-29 | 45.66% |
| 2025-09-26 | 45.67% |
| 2025-09-25 | 45.65% |
| 2025-09-24 | 45.67% |
| 2025-09-23 | 45.65% |
| 2025-09-22 | 45.65% |
| 2025-09-19 | 45.66% |
| 2025-09-18 | 45.66% |
| 2025-09-17 | 45.65% |
| 2025-09-16 | 45.64% |
| 2025-09-15 | 45.66% |
| 2025-09-12 | 45.65% |
| 2025-09-11 | 45.66% |
| 2025-09-10 | 45.66% |
| 2025-09-09 | 45.66% |
| 2025-09-08 | 45.66% |
| 2025-09-05 | 45.65% |
| 2025-09-04 | 45.64% |
| 2025-09-03 | 45.67% |
| 2025-09-02 | 45.65% |
| 2025-08-29 | 45.66% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $4.47 |
| 38.7% |
| 2019-12-31 | $12.59 | $3.93 | 31.2% |
| 2018-12-31 | $12.08 | $3.41 | 28.2% |
| 2017-12-31 | $9.72 | $2.95 | 30.3% |
| 2016-12-31 | $9.40 | $2.54 | 27.0% |
| 2015-12-31 | $8.24 | $2.20 | 26.7% |
| 2014-12-31 | $7.26 | $1.85 | 25.5% |
| 2013-12-31 | $6.02 | $1.58 | 26.2% |
| 2012-12-31 | $5.26 | $1.40 | 26.6% |
| 2011-12-31 | $4.75 | $1.30 | 27.4% |
| 2010-12-31 | $3.22 | $1.22 | 37.9% |
| 2009-12-31 | $2.33 | $1.20 | 51.5% |
| 2008-12-31 | $4.12 | $1.20 | 29.1% |
| 2007-12-31 | $3.13 | $1.11 | 35.5% |
| 2006-12-31 | $1.72 | $1.08 | 62.8% |
| 2005-12-31 | $1.61 | $1.00 | 62.1% |
| 2005-02-01 | $1.41 | $1.00 | 70.9% |
| 2003-12-31 | $1.35 | $1.00 | 74.1% |
| 2002-12-31 | $1.82 | $0.97 | 53.3% |
| 2001-12-31 | $0.33 | $0.96 | 290.9% |
| 2000-12-31 | $2.54 | $0.94 | 37.0% |
| 1999-12-31 | $2.18 | $0.90 | 41.3% |
| 1998-12-31 | ($0.08) | $0.86 | N/A (Loss) |
| 1997-12-31 | $2.47 | $0.82 | 33.2% |
| 1996-12-31 | $2.16 | $0.76 | 35.2% |
