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 18.68% is 16% above its 5-year average of 16.05%, around the middle of its 5-year range (5.33%–28.62%).
As of Tuesday, August 4, 2026. 25.91% below its 12-month average of 25.21%.
Dividend Payout Ratio (18.68%) = TTM Dividends/Share ($2.06) / TTM EPS ($11.03)
DIVIDEND PAYOUT RATIO
18.68%
DIVIDEND PAYOUT RATIO AVG TTM
25.21%
DIVIDEND PAYOUT RATIO AVG 3Y
19.99%
DIVIDEND PAYOUT RATIO AVG 5Y
16.05%
DIVIDEND PAYOUT RATIO AVG 10Y
20.34%
DIVIDEND PAYOUT RATIO AVG 15Y
29.14%
DIVIDEND PAYOUT RATIO AVG 20Y
27.74%
CURRENT VS TTM AVG
-25.91%
CURRENT VS 3Y AVG
-6.57%
CURRENT VS 5Y AVG
+16.37%
CURRENT VS 10Y AVG
-8.16%
CURRENT VS 15Y AVG
-35.90%
CURRENT VS 20Y AVG
-32.66%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $8.02 | $2.00 | 24.9% |
| 2024 | $9.89 | $1.84 | 18.6% |
| 2023 | $14.72 | $1.70 | 11.5% |
| 2022 | $21.06 | $1.36 | 6.5% |
| 2021 | $15.67 | $1.04 | 6.6% |
| 2020 | $2.61 | $1.00 |
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 |
|---|---|
| 2026-08-03 | 18.68% |
| 2026-07-31 | 18.68% |
| 2026-07-30 | 18.67% |
| 2026-07-29 | 18.68% |
| 2026-07-28 | 18.68% |
| 2026-07-27 | 22.06% |
| 2026-07-24 | 22.06% |
| 2026-07-23 | 22.06% |
| 2026-07-22 | 22.06% |
| 2026-07-21 | 22.05% |
| 2026-07-20 | 22.06% |
| 2026-07-17 | 22.06% |
| 2026-07-16 | 22.06% |
| 2026-07-15 | 22.06% |
| 2026-07-14 | 22.05% |
| 2026-07-13 | 22.06% |
| 2026-07-10 | 22.06% |
| 2026-07-09 | 22.06% |
| 2026-07-08 | 22.05% |
| 2026-07-07 | 22.05% |
| 2026-07-06 | 22.05% |
| 2026-07-02 | 22.06% |
| 2026-07-01 | 22.05% |
| 2026-06-30 | 22.06% |
| 2026-06-29 | 21.74% |
| 2026-06-26 | 21.73% |
| 2026-06-25 | 21.73% |
| 2026-06-24 | 21.74% |
| 2026-06-23 | 21.73% |
| 2026-06-22 | 21.73% |
| 2026-06-18 | 21.74% |
| 2026-06-17 | 21.73% |
| 2026-06-16 | 21.74% |
| 2026-06-15 | 21.73% |
| 2026-06-12 | 21.73% |
| 2026-06-11 | 21.73% |
| 2026-06-10 | 21.73% |
| 2026-06-09 | 21.74% |
| 2026-06-08 | 21.74% |
| 2026-06-05 | 21.74% |
| 2026-06-04 | 21.73% |
| 2026-06-03 | 21.74% |
| 2026-06-02 | 21.74% |
| 2026-06-01 | 21.74% |
| 2026-05-29 | 21.73% |
| 2026-05-28 | 21.74% |
| 2026-05-27 | 21.74% |
| 2026-05-26 | 21.74% |
| 2026-05-22 | 21.74% |
| 2026-05-21 | 21.73% |
| 2026-05-20 | 21.73% |
| 2026-05-19 | 21.74% |
| 2026-05-18 | 21.73% |
| 2026-05-15 | 21.73% |
| 2026-05-14 | 21.74% |
| 2026-05-13 | 21.73% |
| 2026-05-12 | 21.74% |
| 2026-05-11 | 21.73% |
| 2026-05-08 | 21.73% |
| 2026-05-07 | 21.74% |
| 2026-05-06 | 21.73% |
| 2026-05-05 | 21.73% |
| 2026-05-04 | 21.74% |
| 2026-05-01 | 21.74% |
| 2026-04-30 | 21.73% |
| 2026-04-29 | 21.73% |
| 2026-04-28 | 21.73% |
| 2026-04-27 | 21.73% |
| 2026-04-24 | 25.38% |
| 2026-04-23 | 25.37% |
| 2026-04-22 | 25.37% |
| 2026-04-21 | 25.38% |
| 2026-04-20 | 25.38% |
| 2026-04-17 | 25.38% |
| 2026-04-16 | 25.38% |
| 2026-04-15 | 25.37% |
| 2026-04-14 | 25.37% |
| 2026-04-13 | 25.37% |
| 2026-04-10 | 25.37% |
| 2026-04-09 | 25.38% |
| 2026-04-08 | 25.38% |
| 2026-04-07 | 25.38% |
| 2026-04-06 | 25.38% |
| 2026-04-02 | 25.38% |
| 2026-04-01 | 25.38% |
| 2026-03-31 | 25.38% |
| 2026-03-30 | 25.00% |
| 2026-03-27 | 25.00% |
| 2026-03-26 | 25.00% |
| 2026-03-25 | 25.00% |
| 2026-03-24 | 25.00% |
| 2026-03-23 | 25.00% |
| 2026-03-20 | 25.00% |
| 2026-03-19 | 25.01% |
| 2026-03-18 | 25.00% |
| 2026-03-17 | 25.00% |
| 2026-03-16 | 25.01% |
| 2026-03-13 | 25.01% |
| 2026-03-12 | 25.00% |
| 2026-03-11 | 25.00% |
| 2026-03-10 | 25.00% |
| 2026-03-09 | 25.01% |
| 2026-03-06 | 25.00% |
| 2026-03-05 | 25.00% |
| 2026-03-04 | 25.00% |
| 2026-03-03 | 25.00% |
| 2026-03-02 | 25.00% |
| 2026-02-27 | 25.00% |
| 2026-02-26 | 26.52% |
| 2026-02-25 | 26.52% |
| 2026-02-24 | 26.52% |
| 2026-02-23 | 26.53% |
| 2026-02-20 | 26.53% |
| 2026-02-19 | 26.53% |
| 2026-02-18 | 26.52% |
| 2026-02-17 | 26.52% |
| 2026-02-13 | 26.52% |
| 2026-02-12 | 26.52% |
| 2026-02-11 | 26.52% |
| 2026-02-10 | 26.52% |
| 2026-02-09 | 26.53% |
| 2026-02-06 | 26.52% |
| 2026-02-05 | 26.53% |
| 2026-02-04 | 26.53% |
| 2026-02-03 | 26.53% |
| 2026-02-02 | 26.52% |
| 2026-01-30 | 26.53% |
| 2026-01-29 | 26.52% |
| 2026-01-28 | 26.53% |
| 2026-01-27 | 26.53% |
| 2026-01-26 | 26.53% |
| 2026-01-23 | 26.53% |
| 2026-01-22 | 26.52% |
| 2026-01-21 | 26.53% |
| 2026-01-20 | 26.53% |
| 2026-01-16 | 26.52% |
| 2026-01-15 | 26.52% |
| 2026-01-14 | 26.52% |
| 2026-01-13 | 26.53% |
| 2026-01-12 | 26.52% |
| 2026-01-09 | 26.53% |
| 2026-01-08 | 26.52% |
| 2026-01-07 | 26.53% |
| 2026-01-06 | 26.53% |
| 2026-01-05 | 26.53% |
| 2026-01-02 | 26.53% |
| 2025-12-31 | 26.52% |
| 2025-12-30 | 25.99% |
| 2025-12-29 | 26.00% |
| 2025-12-26 | 25.99% |
| 2025-12-24 | 25.99% |
| 2025-12-23 | 25.99% |
| 2025-12-22 | 25.99% |
| 2025-12-19 | 25.99% |
| 2025-12-18 | 25.99% |
| 2025-12-17 | 25.99% |
| 2025-12-16 | 25.99% |
| 2025-12-15 | 26.00% |
| 2025-12-12 | 26.00% |
| 2025-12-11 | 26.00% |
| 2025-12-10 | 26.00% |
| 2025-12-09 | 25.99% |
| 2025-12-08 | 25.99% |
| 2025-12-05 | 25.99% |
| 2025-12-04 | 26.00% |
| 2025-12-03 | 26.00% |
| 2025-12-02 | 25.99% |
| 2025-12-01 | 25.99% |
| 2025-11-28 | 26.00% |
| 2025-11-26 | 26.00% |
| 2025-11-25 | 25.99% |
| 2025-11-24 | 26.00% |
| 2025-11-21 | 26.00% |
| 2025-11-20 | 26.00% |
| 2025-11-19 | 26.00% |
| 2025-11-18 | 26.00% |
| 2025-11-17 | 26.00% |
| 2025-11-14 | 25.99% |
| 2025-11-13 | 25.99% |
| 2025-11-12 | 26.00% |
| 2025-11-11 | 26.00% |
| 2025-11-10 | 26.00% |
| 2025-11-07 | 25.99% |
| 2025-11-06 | 25.99% |
| 2025-11-05 | 25.99% |
| 2025-11-04 | 26.00% |
| 2025-11-03 | 26.00% |
| 2025-10-31 | 26.00% |
| 2025-10-30 | 26.00% |
| 2025-10-29 | 25.99% |
| 2025-10-28 | 25.99% |
| 2025-10-27 | 26.00% |
| 2025-10-24 | 26.00% |
| 2025-10-23 | 28.61% |
| 2025-10-22 | 28.62% |
| 2025-10-21 | 28.62% |
| 2025-10-20 | 28.61% |
| 2025-10-17 | 28.61% |
| 2025-10-16 | 28.61% |
| 2025-10-15 | 28.61% |
| 2025-10-14 | 28.62% |
| 2025-10-13 | 28.62% |
| 2025-10-10 | 28.62% |
| 2025-10-09 | 28.61% |
| 2025-10-08 | 28.61% |
| 2025-10-07 | 28.62% |
| 2025-10-06 | 28.62% |
| 2025-10-03 | 28.61% |
| 2025-10-02 | 28.61% |
| 2025-10-01 | 28.61% |
| 2025-09-30 | 28.61% |
| 2025-09-29 | 28.02% |
| 2025-09-26 | 28.02% |
| 2025-09-25 | 28.03% |
| 2025-09-24 | 28.03% |
| 2025-09-23 | 28.02% |
| 2025-09-22 | 28.03% |
| 2025-09-19 | 28.03% |
| 2025-09-18 | 28.02% |
| 2025-09-17 | 28.03% |
| 2025-09-16 | 28.03% |
| 2025-09-15 | 28.03% |
| 2025-09-12 | 28.02% |
| 2025-09-11 | 28.03% |
| 2025-09-10 | 28.04% |
| 2025-09-09 | 28.03% |
| 2025-09-08 | 28.03% |
| 2025-09-05 | 28.02% |
| 2025-09-04 | 28.02% |
| 2025-09-03 | 28.03% |
| 2025-09-02 | 28.04% |
| 2025-08-29 | 28.03% |
| 2025-08-28 | 28.03% |
| 2025-08-27 | 28.03% |
| 2025-08-26 | 28.03% |
| 2025-08-25 | 28.03% |
| 2025-08-22 | 28.03% |
| 2025-08-21 | 28.03% |
| 2025-08-20 | 28.02% |
| 2025-08-19 | 28.03% |
| 2025-08-18 | 28.03% |
| 2025-08-15 | 28.04% |
| 2025-08-14 | 28.03% |
| 2025-08-13 | 28.03% |
| 2025-08-12 | 28.04% |
| 2025-08-11 | 28.03% |
| 2025-08-08 | 25.36% |
| 2025-08-07 | 25.37% |
| 2025-08-06 | 25.37% |
| 2025-08-05 | 25.37% |
| 2025-08-04 | 25.36% |
| 2025-08-01 | 25.37% |
| 2025-07-31 | 25.36% |
| 2025-07-30 | 25.37% |
| 2025-07-29 | 25.37% |
| 2025-07-28 | 25.36% |
| 2025-07-25 | 25.36% |
| 2025-07-24 | 25.36% |
| 2025-07-23 | 25.37% |
| 2025-07-22 | 25.36% |
Showing the most recent 260 of 2,470 data points. The chart above shows the full history.
| 38.3% |
| 2019 | $3.06 | $0.96 | 31.4% |
| 2018 | $5.38 | $0.75 | 13.9% |
| 2017 | $3.38 | $0.62 | 18.3% |
| 2016 | $1.57 | $0.56 | 35.7% |
| 2015 | ($0.54) | $0.55 | N/A (Loss) |
| 2014 | $0.68 | $0.46 | 67.6% |
| 2013 | $0.86 | $0.44 | 51.2% |
| 2012 | $0.75 | $0.40 | 53.3% |
| 2011 | $1.27 | $0.40 | 31.5% |
| 2010 | $0.65 | $0.30 | 46.2% |
| 2009 | ($0.04) | $0.33 | N/A (Loss) |
| 2008 | $2.45 | $0.35 | 14.3% |
| 2007 | $2.12 | $0.30 | 14.2% |
| 2006 | $2.11 | $0.25 | 11.8% |
| 2005 | $1.25 | $0.10 | 8.0% |
| 2004 | $1.50 | $0.06 | 4.2% |
| 2003 | $0.25 | $0.00 | 0.0% |
| 2002 | $0.41 | $0.00 | 0.0% |
| 2001 | $0.02 | $0.00 | 0.0% |
| 2000 | $0.29 | $0.00 | 0.0% |
| 1999 | $0.21 | $0.00 | 0.0% |
| 1998 | $0.16 | $0.00 | 0.0% |
| 1997 | $0.23 | $0.00 | 0.0% |
| 1996 | ($0.07) | $0.00 | N/A (Loss) |
