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 39.23% is 66% below its 5-year average of 117.11%, near the low end of its 5-year range (38.50%–606.45%).
As of Tuesday, July 28, 2026. 48.61% below its 12-month average of 76.34%.
Dividend Payout Ratio (39.23%) = TTM Dividends/Share ($4.32) / TTM EPS ($11.01)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-07-28.
DIVIDEND PAYOUT RATIO
39.23%
DIVIDEND PAYOUT RATIO AVG TTM
76.34%
DIVIDEND PAYOUT RATIO AVG 3Y
94.79%
DIVIDEND PAYOUT RATIO AVG 5Y
117.11%
DIVIDEND PAYOUT RATIO AVG 10Y
182.57%
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-48.61%
CURRENT VS 3Y AVG
-58.61%
CURRENT VS 5Y AVG
-66.50%
CURRENT VS 10Y AVG
-78.51%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $10.84 | $8.06 | 74.4% |
| 2024-12-31 | $0.71 | $3.76 | 529.6% |
| 2023-12-31 | ($1.73) | $3.72 | N/A (Loss) |
| 2022-12-31 | $2.00 | $3.52 | 176.0% |
| 2021-12-31 | $3.36 | $3.32 | 98.8% |
| 2020-12-31 | $1.34 |
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 |
|---|---|
| 2026-07-28 | 39.23% |
| 2026-07-27 | 39.24% |
| 2026-07-24 | 39.25% |
| 2026-07-23 | 39.24% |
| 2026-07-22 | 39.24% |
| 2026-07-21 | 39.23% |
| 2026-07-20 | 39.25% |
| 2026-07-17 | 39.23% |
| 2026-07-16 | 39.24% |
| 2026-07-15 | 39.23% |
| 2026-07-14 | 39.24% |
| 2026-07-13 | 39.23% |
| 2026-07-10 | 39.25% |
| 2026-07-09 | 39.22% |
| 2026-07-08 | 39.23% |
| 2026-07-07 | 39.25% |
| 2026-07-06 | 39.25% |
| 2026-07-02 | 39.24% |
| 2026-07-01 | 39.24% |
| 2026-06-30 | 39.23% |
| 2026-06-29 | 38.51% |
| 2026-06-26 | 38.50% |
| 2026-06-25 | 38.51% |
| 2026-06-24 | 38.50% |
| 2026-06-23 | 38.50% |
| 2026-06-22 | 38.50% |
| 2026-06-18 | 38.51% |
| 2026-06-17 | 38.50% |
| 2026-06-16 | 38.51% |
| 2026-06-15 | 38.51% |
| 2026-06-12 | 38.51% |
| 2026-06-11 | 38.51% |
| 2026-06-10 | 38.50% |
| 2026-06-09 | 38.51% |
| 2026-06-08 | 38.52% |
| 2026-06-05 | 38.50% |
| 2026-06-04 | 38.50% |
| 2026-06-03 | 38.52% |
| 2026-06-02 | 38.50% |
| 2026-06-01 | 38.51% |
| 2026-05-29 | 38.50% |
| 2026-05-28 | 38.50% |
| 2026-05-27 | 38.50% |
| 2026-05-26 | 38.51% |
| 2026-05-22 | 38.50% |
| 2026-05-21 | 38.51% |
| 2026-05-20 | 38.51% |
| 2026-05-19 | 38.53% |
| 2026-05-18 | 38.52% |
| 2026-05-15 | 38.52% |
| 2026-05-14 | 38.51% |
| 2026-05-13 | 74.85% |
| 2026-05-12 | 74.87% |
| 2026-05-11 | 74.87% |
| 2026-05-08 | 74.85% |
| 2026-05-07 | 74.84% |
| 2026-05-06 | 74.86% |
| 2026-05-05 | 74.86% |
| 2026-05-04 | 74.83% |
| 2026-05-01 | 74.81% |
| 2026-04-30 | 74.83% |
| 2026-04-29 | 74.87% |
| 2026-04-28 | 76.75% |
| 2026-04-27 | 76.69% |
| 2026-04-24 | 76.73% |
| 2026-04-23 | 76.74% |
| 2026-04-22 | 76.70% |
| 2026-04-21 | 76.71% |
| 2026-04-20 | 76.74% |
| 2026-04-17 | 76.73% |
| 2026-04-16 | 76.73% |
| 2026-04-15 | 76.73% |
| 2026-04-14 | 76.73% |
| 2026-04-13 | 76.73% |
| 2026-04-10 | 76.73% |
| 2026-04-09 | 76.71% |
| 2026-04-08 | 76.75% |
| 2026-04-07 | 76.73% |
| 2026-04-06 | 76.70% |
| 2026-04-02 | 76.69% |
| 2026-04-01 | 76.72% |
| 2026-03-31 | 76.73% |
| 2026-03-30 | 75.04% |
| 2026-03-27 | 75.03% |
| 2026-03-26 | 75.03% |
| 2026-03-25 | 75.02% |
| 2026-03-24 | 75.05% |
| 2026-03-23 | 75.02% |
| 2026-03-20 | 75.08% |
| 2026-03-19 | 75.06% |
| 2026-03-18 | 75.03% |
| 2026-03-17 | 75.02% |
| 2026-03-16 | 75.08% |
| 2026-03-13 | 75.06% |
| 2026-03-12 | 75.05% |
| 2026-03-11 | 75.04% |
| 2026-03-10 | 75.03% |
| 2026-03-09 | 75.04% |
| 2026-03-06 | 75.05% |
| 2026-03-05 | 75.06% |
| 2026-03-04 | 75.05% |
| 2026-03-03 | 75.04% |
| 2026-03-02 | 75.03% |
| 2026-02-27 | 75.07% |
| 2026-02-26 | 75.03% |
| 2026-02-25 | 101.03% |
| 2026-02-24 | 101.03% |
| 2026-02-23 | 101.03% |
| 2026-02-20 | 101.02% |
| 2026-02-19 | 101.00% |
| 2026-02-18 | 101.01% |
| 2026-02-17 | 100.97% |
| 2026-02-13 | 101.00% |
| 2026-02-12 | 100.99% |
| 2026-02-11 | 101.03% |
| 2026-02-10 | 100.99% |
| 2026-02-09 | 100.98% |
| 2026-02-06 | 101.00% |
| 2026-02-05 | 101.01% |
| 2026-02-04 | 101.00% |
| 2026-02-03 | 101.03% |
| 2026-02-02 | 101.00% |
| 2026-01-30 | 101.01% |
| 2026-01-29 | 100.98% |
| 2026-01-28 | 101.03% |
| 2026-01-27 | 101.00% |
| 2026-01-26 | 101.00% |
| 2026-01-23 | 101.02% |
| 2026-01-22 | 101.03% |
| 2026-01-21 | 100.99% |
| 2026-01-20 | 101.01% |
| 2026-01-16 | 101.01% |
| 2026-01-15 | 100.97% |
| 2026-01-14 | 101.00% |
| 2026-01-13 | 100.99% |
| 2026-01-12 | 101.00% |
| 2026-01-09 | 100.98% |
| 2026-01-08 | 101.01% |
| 2026-01-07 | 100.98% |
| 2026-01-06 | 100.97% |
| 2026-01-05 | 101.00% |
| 2026-01-02 | 100.97% |
| 2025-12-31 | 101.02% |
| 2025-12-30 | 99.73% |
| 2025-12-29 | 99.74% |
| 2025-12-26 | 99.74% |
| 2025-12-24 | 99.78% |
| 2025-12-23 | 99.72% |
| 2025-12-22 | 99.77% |
| 2025-12-19 | 99.74% |
| 2025-12-18 | 99.72% |
| 2025-12-17 | 99.78% |
| 2025-12-16 | 99.73% |
| 2025-12-15 | 99.78% |
| 2025-12-12 | 99.73% |
| 2025-12-11 | 99.77% |
| 2025-12-10 | 99.78% |
| 2025-12-09 | 99.76% |
| 2025-12-08 | 99.75% |
| 2025-12-05 | 99.76% |
| 2025-12-04 | 99.77% |
| 2025-12-03 | 99.77% |
| 2025-12-02 | 99.77% |
| 2025-12-01 | 99.75% |
| 2025-11-28 | 99.78% |
| 2025-11-26 | 99.73% |
| 2025-11-25 | 99.78% |
| 2025-11-24 | 99.73% |
| 2025-11-21 | 99.76% |
| 2025-11-20 | 99.75% |
| 2025-11-19 | 99.75% |
| 2025-11-18 | 99.75% |
| 2025-11-17 | 99.73% |
| 2025-11-14 | 99.74% |
| 2025-11-13 | 99.76% |
| 2025-11-12 | 99.74% |
| 2025-11-11 | 99.73% |
| 2025-11-10 | 99.73% |
| 2025-11-07 | 99.77% |
| 2025-11-06 | 99.72% |
| 2025-11-05 | 99.75% |
| 2025-11-04 | 99.76% |
| 2025-11-03 | 99.72% |
| 2025-10-31 | 99.72% |
| 2025-10-30 | 77.87% |
| 2025-10-29 | 77.92% |
| 2025-10-28 | 77.86% |
| 2025-10-27 | 77.89% |
| 2025-10-24 | 77.89% |
| 2025-10-23 | 77.90% |
| 2025-10-22 | 77.86% |
| 2025-10-21 | 77.92% |
| 2025-10-20 | 77.90% |
| 2025-10-17 | 77.87% |
| 2025-10-16 | 77.87% |
| 2025-10-15 | 77.87% |
| 2025-10-14 | 77.87% |
| 2025-10-13 | 77.87% |
| 2025-10-10 | 77.86% |
| 2025-10-09 | 77.88% |
| 2025-10-08 | 77.90% |
| 2025-10-07 | 77.86% |
| 2025-10-06 | 77.91% |
| 2025-10-03 | 77.86% |
| 2025-10-02 | 77.87% |
| 2025-10-01 | 77.87% |
| 2025-09-30 | 77.87% |
| 2025-09-29 | 76.89% |
| 2025-09-26 | 76.90% |
| 2025-09-25 | 76.89% |
| 2025-09-24 | 76.89% |
| 2025-09-23 | 76.91% |
| 2025-09-22 | 76.90% |
| 2025-09-19 | 76.94% |
| 2025-09-18 | 76.88% |
| 2025-09-17 | 76.91% |
| 2025-09-16 | 76.91% |
| 2025-09-15 | 76.91% |
| 2025-09-12 | 76.91% |
| 2025-09-11 | 76.94% |
| 2025-09-10 | 76.88% |
| 2025-09-09 | 76.88% |
| 2025-09-08 | 76.89% |
| 2025-09-05 | 76.89% |
| 2025-09-04 | 76.89% |
| 2025-09-03 | 76.90% |
| 2025-09-02 | 76.93% |
| 2025-08-29 | 76.88% |
| 2025-08-28 | 76.93% |
| 2025-08-27 | 76.90% |
| 2025-08-26 | 76.92% |
| 2025-08-25 | 76.88% |
| 2025-08-22 | 76.90% |
| 2025-08-21 | 76.92% |
| 2025-08-20 | 76.91% |
| 2025-08-19 | 76.89% |
| 2025-08-18 | 76.93% |
| 2025-08-15 | 76.90% |
| 2025-08-14 | 76.93% |
| 2025-08-13 | 76.88% |
| 2025-08-12 | 76.89% |
| 2025-08-11 | 76.89% |
| 2025-08-08 | 76.89% |
| 2025-08-07 | 76.89% |
| 2025-08-05 | 76.91% |
| 2025-08-01 | 76.89% |
| 2025-05-12 | 606.45% |
| 2025-05-08 | 606.45% |
| 2025-05-06 | 508.10% |
| 2025-05-02 | 508.12% |
| 2025-04-30 | 508.11% |
| 2025-04-28 | 508.12% |
| 2025-04-24 | 508.12% |
| 2025-04-22 | 508.12% |
| 2025-04-17 | 508.12% |
| 2025-04-15 | 508.10% |
| 2025-04-11 | 508.11% |
| 2025-04-09 | 508.12% |
| 2025-04-07 | 508.10% |
| 2025-04-03 | 508.11% |
Showing the most recent 260 of 1,568 data points. The chart above shows the full history.
| $3.16 |
| 235.8% |
| 2019-12-31 | $1.83 | $3.00 | 163.9% |
| 2018-12-31 | $1.32 | $2.84 | 215.2% |
| 2017-12-31 | $0.85 | $2.68 | 315.3% |
| 2016-12-31 | $0.27 | $2.60 | 963.0% |
| 2015-12-31 | $2.53 | $2.60 | 102.8% |
| 2014-12-31 | $0.54 | $2.60 | 481.5% |
| 2013-12-31 | $0.31 | $2.52 | 812.9% |
| 2012-12-31 | $0.19 | $2.52 | N/A |
| 2011-12-31 | ($0.05) | $3.15 | N/A (Loss) |
| 2010-12-31 | ($0.15) | $2.52 | N/A (Loss) |
| 2009-12-31 | ($0.34) | $2.52 | N/A (Loss) |
| 2008-12-31 | ($1.90) | $2.52 | N/A (Loss) |
| 2007-12-31 | ($0.93) | $2.52 | N/A (Loss) |
| 2006-12-31 | ($1.42) | $2.52 | N/A (Loss) |
| 2005-12-31 | ($0.31) | $2.50 | N/A (Loss) |
| 2004-12-31 | ($2.22) | $2.44 | N/A (Loss) |
| 2003-12-31 | $0.75 | $2.41 | 321.3% |
| 2002-12-31 | $0.68 | $2.29 | 336.8% |
| 2001-12-31 | $1.96 | $2.18 | 111.2% |
| 2000-12-31 | $1.92 | $2.10 | 109.4% |
| 1999-12-31 | $1.69 | $1.53 | 90.5% |
| 1998-12-31 | $1.55 | $2.43 | 156.8% |
| 1997-12-31 | $1.38 | $1.86 | 135.1% |
| 1996-12-31 | $0.85 | $1.81 | 212.9% |
