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 29.65% is 18% below its 5-year average of 36.13%, near the low end of its 5-year range (26.83%–60.64%).
As of Sunday, July 26, 2026. 12.42% below its 12-month average of 33.86%.
Dividend Payout Ratio (29.65%) = TTM Dividends/Share ($3.36) / TTM EPS ($11.33)
DIVIDEND PAYOUT RATIO
29.65%
DIVIDEND PAYOUT RATIO AVG TTM
33.86%
DIVIDEND PAYOUT RATIO AVG 3Y
34.83%
DIVIDEND PAYOUT RATIO AVG 5Y
33.51%
DIVIDEND PAYOUT RATIO AVG 10Y
32.19%
DIVIDEND PAYOUT RATIO AVG 15Y
29.90%
DIVIDEND PAYOUT RATIO AVG 20Y
28.35%
CURRENT VS TTM AVG
-12.42%
CURRENT VS 3Y AVG
-14.87%
CURRENT VS 5Y AVG
-11.53%
CURRENT VS 10Y AVG
-7.89%
CURRENT VS 15Y AVG
-0.83%
CURRENT VS 20Y AVG
+4.57%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $9.55 | $3.12 | 32.7% |
| 2024 | $8.33 | $2.14 | 25.7% |
| 2023 | $5.65 | $2.64 | 46.7% |
| 2022 | $7.28 | $2.40 | 33.0% |
| 2021 | $7.30 | $2.18 | 29.9% |
| 2020 | $6.40 | $2.08 |
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 |
|---|---|
| 2026-07-24 | 29.65% |
| 2026-07-23 | 29.66% |
| 2026-07-22 | 29.66% |
| 2026-07-21 | 29.66% |
| 2026-07-20 | 29.65% |
| 2026-07-17 | 29.66% |
| 2026-07-16 | 29.66% |
| 2026-07-15 | 34.11% |
| 2026-07-14 | 34.10% |
| 2026-07-13 | 34.11% |
| 2026-07-10 | 34.12% |
| 2026-07-09 | 34.11% |
| 2026-07-08 | 34.11% |
| 2026-07-07 | 34.12% |
| 2026-07-06 | 34.10% |
| 2026-07-02 | 34.11% |
| 2026-07-01 | 34.12% |
| 2026-06-30 | 33.30% |
| 2026-06-29 | 33.30% |
| 2026-06-26 | 33.31% |
| 2026-06-25 | 33.30% |
| 2026-06-24 | 33.29% |
| 2026-06-23 | 33.30% |
| 2026-06-22 | 33.31% |
| 2026-06-18 | 33.30% |
| 2026-06-17 | 33.30% |
| 2026-06-16 | 33.30% |
| 2026-06-15 | 33.30% |
| 2026-06-12 | 33.30% |
| 2026-06-11 | 33.31% |
| 2026-06-10 | 33.31% |
| 2026-06-09 | 33.29% |
| 2026-06-08 | 33.30% |
| 2026-06-05 | 33.30% |
| 2026-06-04 | 33.29% |
| 2026-06-03 | 33.30% |
| 2026-06-02 | 33.30% |
| 2026-06-01 | 33.29% |
| 2026-05-29 | 33.30% |
| 2026-05-28 | 33.30% |
| 2026-05-27 | 33.29% |
| 2026-05-26 | 33.29% |
| 2026-05-22 | 33.30% |
| 2026-05-21 | 33.29% |
| 2026-05-20 | 33.30% |
| 2026-05-19 | 33.30% |
| 2026-05-18 | 33.30% |
| 2026-05-15 | 33.30% |
| 2026-05-14 | 33.30% |
| 2026-05-13 | 33.30% |
| 2026-05-12 | 33.29% |
| 2026-05-11 | 33.31% |
| 2026-05-08 | 33.31% |
| 2026-05-07 | 33.29% |
| 2026-05-06 | 33.29% |
| 2026-05-05 | 33.29% |
| 2026-05-04 | 33.29% |
| 2026-05-01 | 33.30% |
| 2026-04-30 | 33.31% |
| 2026-04-29 | 33.30% |
| 2026-04-28 | 34.89% |
| 2026-04-27 | 34.90% |
| 2026-04-24 | 34.90% |
| 2026-04-23 | 34.89% |
| 2026-04-22 | 34.89% |
| 2026-04-21 | 34.90% |
| 2026-04-20 | 34.90% |
| 2026-04-17 | 34.89% |
| 2026-04-16 | 34.90% |
| 2026-04-15 | 34.90% |
| 2026-04-14 | 34.89% |
| 2026-04-13 | 34.90% |
| 2026-04-10 | 34.89% |
| 2026-04-09 | 34.89% |
| 2026-04-08 | 34.89% |
| 2026-04-07 | 34.90% |
| 2026-04-06 | 34.89% |
| 2026-04-02 | 34.89% |
| 2026-04-01 | 34.88% |
| 2026-03-31 | 34.03% |
| 2026-03-30 | 34.04% |
| 2026-03-27 | 34.03% |
| 2026-03-26 | 34.05% |
| 2026-03-25 | 34.04% |
| 2026-03-24 | 34.03% |
| 2026-03-23 | 34.04% |
| 2026-03-20 | 34.05% |
| 2026-03-19 | 34.05% |
| 2026-03-18 | 34.04% |
| 2026-03-17 | 34.04% |
| 2026-03-16 | 34.04% |
| 2026-03-13 | 34.05% |
| 2026-03-12 | 34.05% |
| 2026-03-11 | 34.03% |
| 2026-03-10 | 34.05% |
| 2026-03-09 | 34.04% |
| 2026-03-06 | 34.05% |
| 2026-03-05 | 34.04% |
| 2026-03-04 | 34.04% |
| 2026-03-03 | 34.03% |
| 2026-03-02 | 34.04% |
| 2026-02-27 | 34.04% |
| 2026-02-26 | 34.04% |
| 2026-02-25 | 34.04% |
| 2026-02-24 | 34.05% |
| 2026-02-23 | 34.04% |
| 2026-02-20 | 34.04% |
| 2026-02-19 | 34.03% |
| 2026-02-18 | 33.86% |
| 2026-02-17 | 33.85% |
| 2026-02-13 | 33.86% |
| 2026-02-12 | 33.87% |
| 2026-02-11 | 33.87% |
| 2026-02-10 | 33.86% |
| 2026-02-09 | 33.86% |
| 2026-02-06 | 33.87% |
| 2026-02-05 | 33.86% |
| 2026-02-04 | 33.86% |
| 2026-02-03 | 33.87% |
| 2026-02-02 | 33.86% |
| 2026-01-30 | 33.87% |
| 2026-01-29 | 33.87% |
| 2026-01-28 | 33.87% |
| 2026-01-27 | 33.85% |
| 2026-01-26 | 33.86% |
| 2026-01-23 | 33.86% |
| 2026-01-22 | 33.85% |
| 2026-01-21 | 33.86% |
| 2026-01-20 | 33.86% |
| 2026-01-16 | 33.87% |
| 2026-01-15 | 33.86% |
| 2026-01-14 | 33.87% |
| 2026-01-13 | 33.85% |
| 2026-01-12 | 33.85% |
| 2026-01-09 | 33.87% |
| 2026-01-08 | 33.86% |
| 2026-01-07 | 33.87% |
| 2026-01-06 | 33.85% |
| 2026-01-05 | 33.87% |
| 2026-01-02 | 33.87% |
| 2025-12-31 | 33.01% |
| 2025-12-30 | 33.01% |
| 2025-12-29 | 33.03% |
| 2025-12-26 | 33.02% |
| 2025-12-24 | 33.01% |
| 2025-12-23 | 33.01% |
| 2025-12-22 | 33.02% |
| 2025-12-19 | 33.02% |
| 2025-12-18 | 33.02% |
| 2025-12-17 | 33.02% |
| 2025-12-16 | 33.03% |
| 2025-12-15 | 33.03% |
| 2025-12-12 | 33.02% |
| 2025-12-11 | 33.01% |
| 2025-12-10 | 33.01% |
| 2025-12-09 | 33.02% |
| 2025-12-08 | 33.02% |
| 2025-12-05 | 33.01% |
| 2025-12-04 | 33.03% |
| 2025-12-03 | 33.01% |
| 2025-12-02 | 33.00% |
| 2025-12-01 | 33.02% |
| 2025-11-28 | 33.00% |
| 2025-11-26 | 33.01% |
| 2025-11-25 | 33.00% |
| 2025-11-24 | 33.02% |
| 2025-11-21 | 33.01% |
| 2025-11-20 | 33.02% |
| 2025-11-19 | 33.01% |
| 2025-11-18 | 33.02% |
| 2025-11-17 | 33.01% |
| 2025-11-14 | 33.01% |
| 2025-11-13 | 33.03% |
| 2025-11-12 | 33.03% |
| 2025-11-11 | 33.02% |
| 2025-11-10 | 33.03% |
| 2025-11-07 | 33.02% |
| 2025-11-06 | 33.02% |
| 2025-11-05 | 33.01% |
| 2025-11-04 | 33.01% |
| 2025-11-03 | 33.02% |
| 2025-10-31 | 33.02% |
| 2025-10-30 | 33.01% |
| 2025-10-29 | 34.93% |
| 2025-10-28 | 34.94% |
| 2025-10-27 | 34.95% |
| 2025-10-24 | 34.93% |
| 2025-10-23 | 34.93% |
| 2025-10-22 | 34.94% |
| 2025-10-21 | 34.95% |
| 2025-10-20 | 34.94% |
| 2025-10-17 | 34.93% |
| 2025-10-16 | 34.94% |
| 2025-10-15 | 34.94% |
| 2025-10-14 | 34.93% |
| 2025-10-13 | 34.95% |
| 2025-10-10 | 34.94% |
| 2025-10-09 | 34.94% |
| 2025-10-08 | 34.95% |
| 2025-10-07 | 34.94% |
| 2025-10-06 | 34.94% |
| 2025-10-03 | 34.93% |
| 2025-10-02 | 34.93% |
| 2025-10-01 | 34.95% |
| 2025-09-30 | 34.04% |
| 2025-09-29 | 34.04% |
| 2025-09-26 | 34.05% |
| 2025-09-25 | 34.04% |
| 2025-09-24 | 34.04% |
| 2025-09-23 | 34.05% |
| 2025-09-22 | 34.04% |
| 2025-09-19 | 34.04% |
| 2025-09-18 | 34.05% |
| 2025-09-17 | 34.05% |
| 2025-09-16 | 34.03% |
| 2025-09-15 | 34.05% |
| 2025-09-12 | 34.04% |
| 2025-09-11 | 34.05% |
| 2025-09-10 | 34.03% |
| 2025-09-09 | 34.05% |
| 2025-09-08 | 34.03% |
| 2025-09-05 | 34.05% |
| 2025-09-04 | 34.04% |
| 2025-09-03 | 34.03% |
| 2025-09-02 | 34.03% |
| 2025-08-29 | 34.03% |
| 2025-08-28 | 34.03% |
| 2025-08-27 | 34.03% |
| 2025-08-26 | 34.04% |
| 2025-08-25 | 34.05% |
| 2025-08-22 | 34.04% |
| 2025-08-21 | 34.04% |
| 2025-08-20 | 34.04% |
| 2025-08-19 | 34.05% |
| 2025-08-18 | 34.04% |
| 2025-08-15 | 34.05% |
| 2025-08-14 | 34.04% |
| 2025-08-13 | 34.05% |
| 2025-08-12 | 34.05% |
| 2025-08-11 | 34.05% |
| 2025-08-08 | 34.05% |
| 2025-08-07 | 34.05% |
| 2025-08-06 | 34.03% |
| 2025-08-05 | 34.03% |
| 2025-08-04 | 34.03% |
| 2025-08-01 | 34.04% |
| 2025-07-31 | 34.03% |
| 2025-07-30 | 34.11% |
| 2025-07-29 | 34.12% |
| 2025-07-28 | 34.12% |
| 2025-07-25 | 34.11% |
| 2025-07-24 | 34.13% |
| 2025-07-23 | 34.12% |
| 2025-07-22 | 34.11% |
| 2025-07-21 | 34.12% |
| 2025-07-18 | 34.12% |
| 2025-07-17 | 34.11% |
| 2025-07-16 | 34.13% |
| 2025-07-15 | 34.12% |
| 2025-07-14 | 34.12% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 32.5% |
| 2019 | $5.43 | $1.98 | 36.5% |
| 2018 | $6.48 | $1.78 | 27.5% |
| 2017 | $5.32 | $1.60 | 30.1% |
| 2016 | $5.03 | $1.44 | 28.6% |
| 2015 | $4.53 | $1.32 | 29.1% |
| 2014 | $4.77 | $1.16 | 24.3% |
| 2013 | $4.71 | $1.04 | 22.1% |
| 2012 | $4.25 | $0.96 | 22.6% |
| 2011 | $3.82 | $0.72 | 18.8% |
| 2010 | $3.11 | $0.04 | 1.3% |
| 2009 | ($4.13) | $0.04 | N/A (Loss) |
| 2008 | $4.32 | $0.95 | 22.0% |
| 2007 | $3.49 | $0.88 | 25.2% |
| 2006 | $3.34 | $0.80 | 24.0% |
| 2005 | $2.53 | $0.72 | 28.5% |
| 2004 | $2.38 | $0.64 | 26.9% |
| 2003 | $2.18 | $0.56 | 25.7% |
| 2002 | $3.14 | $0.48 | 15.3% |
| 2001 | $1.94 | $0.41 | 20.9% |
| 2000 | $1.85 | $0.34 | 18.6% |
| 1999 | $1.93 | $0.30 | 15.5% |
| 1998 | $1.36 | $0.26 | 19.1% |
| 1997 | $1.19 | $0.22 | 18.5% |
| 1996 | $0.90 | $0.19 | 21.1% |
