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 12.41% is 12% below its 5-year average of 14.09%, near the low end of its 5-year range (9.28%–22.37%).
As of Sunday, July 26, 2026. 2.70% below its 12-month average of 12.76%.
Dividend Payout Ratio (12.41%) = TTM Dividends/Share ($1.20) / TTM EPS ($9.67)
DIVIDEND PAYOUT RATIO
12.41%
DIVIDEND PAYOUT RATIO AVG TTM
12.76%
DIVIDEND PAYOUT RATIO AVG 3Y
14.32%
DIVIDEND PAYOUT RATIO AVG 5Y
14.08%
DIVIDEND PAYOUT RATIO AVG 10Y
16.46%
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-2.70%
CURRENT VS 3Y AVG
-13.30%
CURRENT VS 5Y AVG
-11.85%
CURRENT VS 10Y AVG
-24.57%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $9.35 | $1.15 | 12.3% |
| 2024 | $8.64 | $1.00 | 11.6% |
| 2023 | $5.21 | $0.96 | 18.4% |
| 2022 | $6.19 | $0.90 | 14.5% |
| 2021 | $7.40 | $0.88 | 11.9% |
| 2020 | $2.28 | $0.88 |
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 | 12.41% |
| 2026-07-23 | 12.41% |
| 2026-07-22 | 12.41% |
| 2026-07-21 | 12.41% |
| 2026-07-20 | 12.41% |
| 2026-07-17 | 12.40% |
| 2026-07-16 | 12.41% |
| 2026-07-15 | 12.41% |
| 2026-07-14 | 12.41% |
| 2026-07-13 | 12.41% |
| 2026-07-10 | 12.41% |
| 2026-07-09 | 12.41% |
| 2026-07-08 | 12.41% |
| 2026-07-07 | 12.41% |
| 2026-07-06 | 12.41% |
| 2026-07-02 | 12.40% |
| 2026-07-01 | 12.41% |
| 2026-06-30 | 12.40% |
| 2026-06-29 | 12.40% |
| 2026-06-26 | 12.40% |
| 2026-06-25 | 12.41% |
| 2026-06-24 | 12.41% |
| 2026-06-23 | 12.41% |
| 2026-06-22 | 12.41% |
| 2026-06-18 | 12.40% |
| 2026-06-17 | 12.40% |
| 2026-06-16 | 12.42% |
| 2026-06-15 | 12.42% |
| 2026-06-12 | 12.42% |
| 2026-06-11 | 12.41% |
| 2026-06-10 | 12.40% |
| 2026-06-09 | 12.41% |
| 2026-06-08 | 12.42% |
| 2026-06-05 | 12.42% |
| 2026-06-04 | 12.41% |
| 2026-06-03 | 12.42% |
| 2026-06-02 | 12.41% |
| 2026-06-01 | 12.40% |
| 2026-05-29 | 12.41% |
| 2026-05-28 | 12.41% |
| 2026-05-27 | 12.42% |
| 2026-05-26 | 12.42% |
| 2026-05-22 | 12.41% |
| 2026-05-21 | 12.42% |
| 2026-05-20 | 12.41% |
| 2026-05-19 | 12.42% |
| 2026-05-18 | 12.41% |
| 2026-05-15 | 12.41% |
| 2026-05-14 | 12.41% |
| 2026-05-13 | 12.41% |
| 2026-05-12 | 12.42% |
| 2026-05-11 | 12.41% |
| 2026-05-08 | 12.40% |
| 2026-05-07 | 12.41% |
| 2026-05-06 | 12.41% |
| 2026-05-05 | 12.41% |
| 2026-05-04 | 12.41% |
| 2026-05-01 | 12.40% |
| 2026-04-30 | 12.41% |
| 2026-04-29 | 12.41% |
| 2026-04-28 | 12.42% |
| 2026-04-27 | 12.41% |
| 2026-04-24 | 12.41% |
| 2026-04-23 | 12.40% |
| 2026-04-22 | 12.92% |
| 2026-04-21 | 12.92% |
| 2026-04-20 | 12.92% |
| 2026-04-17 | 12.91% |
| 2026-04-16 | 12.91% |
| 2026-04-15 | 12.92% |
| 2026-04-14 | 12.91% |
| 2026-04-13 | 12.91% |
| 2026-04-10 | 12.91% |
| 2026-04-09 | 12.91% |
| 2026-04-08 | 12.92% |
| 2026-04-07 | 12.92% |
| 2026-04-06 | 12.93% |
| 2026-04-02 | 12.91% |
| 2026-04-01 | 12.91% |
| 2026-03-31 | 12.91% |
| 2026-03-30 | 12.93% |
| 2026-03-27 | 12.93% |
| 2026-03-26 | 12.92% |
| 2026-03-25 | 12.92% |
| 2026-03-24 | 12.92% |
| 2026-03-23 | 12.91% |
| 2026-03-20 | 12.91% |
| 2026-03-19 | 12.91% |
| 2026-03-18 | 12.93% |
| 2026-03-17 | 12.91% |
| 2026-03-16 | 12.91% |
| 2026-03-13 | 12.93% |
| 2026-03-12 | 12.92% |
| 2026-03-11 | 12.92% |
| 2026-03-10 | 12.92% |
| 2026-03-09 | 12.91% |
| 2026-03-06 | 12.92% |
| 2026-03-05 | 12.91% |
| 2026-03-04 | 12.92% |
| 2026-03-03 | 12.92% |
| 2026-03-02 | 12.92% |
| 2026-02-27 | 12.92% |
| 2026-02-26 | 12.91% |
| 2026-02-25 | 12.92% |
| 2026-02-24 | 12.92% |
| 2026-02-23 | 12.91% |
| 2026-02-20 | 12.92% |
| 2026-02-19 | 12.92% |
| 2026-02-18 | 12.91% |
| 2026-02-17 | 12.91% |
| 2026-02-13 | 12.91% |
| 2026-02-12 | 12.91% |
| 2026-02-11 | 12.92% |
| 2026-02-10 | 12.91% |
| 2026-02-09 | 12.92% |
| 2026-02-06 | 12.92% |
| 2026-02-05 | 9.83% |
| 2026-02-04 | 9.82% |
| 2026-02-03 | 9.83% |
| 2026-02-02 | 12.56% |
| 2026-01-30 | 12.56% |
| 2026-01-29 | 12.55% |
| 2026-01-28 | 12.56% |
| 2026-01-27 | 12.56% |
| 2026-01-26 | 12.55% |
| 2026-01-23 | 12.55% |
| 2026-01-22 | 12.56% |
| 2026-01-21 | 12.55% |
| 2026-01-20 | 12.56% |
| 2026-01-16 | 12.55% |
| 2026-01-15 | 12.55% |
| 2026-01-14 | 12.56% |
| 2026-01-13 | 12.55% |
| 2026-01-12 | 12.55% |
| 2026-01-09 | 12.56% |
| 2026-01-08 | 12.56% |
| 2026-01-07 | 12.55% |
| 2026-01-06 | 12.56% |
| 2026-01-05 | 12.56% |
| 2026-01-02 | 12.55% |
| 2025-12-31 | 12.56% |
| 2025-12-30 | 12.55% |
| 2025-12-29 | 12.55% |
| 2025-12-26 | 12.55% |
| 2025-12-24 | 12.56% |
| 2025-12-23 | 12.55% |
| 2025-12-22 | 12.55% |
| 2025-12-19 | 12.55% |
| 2025-12-18 | 12.56% |
| 2025-12-17 | 12.56% |
| 2025-12-16 | 12.55% |
| 2025-12-15 | 12.55% |
| 2025-12-12 | 12.55% |
| 2025-12-11 | 12.55% |
| 2025-12-10 | 12.55% |
| 2025-12-09 | 12.55% |
| 2025-12-08 | 12.56% |
| 2025-12-05 | 12.55% |
| 2025-12-04 | 12.56% |
| 2025-12-03 | 12.55% |
| 2025-12-02 | 12.55% |
| 2025-12-01 | 12.55% |
| 2025-11-28 | 12.56% |
| 2025-11-26 | 12.55% |
| 2025-11-25 | 12.55% |
| 2025-11-24 | 12.56% |
| 2025-11-21 | 12.56% |
| 2025-11-20 | 12.56% |
| 2025-11-19 | 12.55% |
| 2025-11-18 | 12.56% |
| 2025-11-17 | 12.55% |
| 2025-11-14 | 12.56% |
| 2025-11-13 | 12.56% |
| 2025-11-12 | 12.55% |
| 2025-11-11 | 12.55% |
| 2025-11-10 | 12.56% |
| 2025-11-07 | 12.55% |
| 2025-11-06 | 12.56% |
| 2025-11-05 | 12.56% |
| 2025-11-04 | 9.28% |
| 2025-11-03 | 12.01% |
| 2025-10-31 | 12.01% |
| 2025-10-30 | 12.00% |
| 2025-10-29 | 12.01% |
| 2025-10-28 | 12.01% |
| 2025-10-27 | 12.00% |
| 2025-10-24 | 12.01% |
| 2025-10-23 | 12.02% |
| 2025-10-22 | 12.01% |
| 2025-10-21 | 13.35% |
| 2025-10-20 | 13.35% |
| 2025-10-17 | 13.35% |
| 2025-10-16 | 13.36% |
| 2025-10-15 | 13.35% |
| 2025-10-14 | 13.35% |
| 2025-10-13 | 13.35% |
| 2025-10-10 | 13.34% |
| 2025-10-09 | 13.36% |
| 2025-10-08 | 13.35% |
| 2025-10-07 | 13.34% |
| 2025-10-06 | 13.35% |
| 2025-10-03 | 13.34% |
| 2025-10-02 | 13.35% |
| 2025-10-01 | 13.36% |
| 2025-09-30 | 13.35% |
| 2025-09-29 | 13.35% |
| 2025-09-26 | 13.36% |
| 2025-09-25 | 13.34% |
| 2025-09-24 | 13.35% |
| 2025-09-23 | 13.35% |
| 2025-09-22 | 13.35% |
| 2025-09-19 | 13.34% |
| 2025-09-18 | 13.35% |
| 2025-09-17 | 13.35% |
| 2025-09-16 | 13.34% |
| 2025-09-15 | 13.35% |
| 2025-09-12 | 13.35% |
| 2025-09-11 | 13.34% |
| 2025-09-10 | 13.35% |
| 2025-09-09 | 13.35% |
| 2025-09-08 | 13.35% |
| 2025-09-05 | 13.36% |
| 2025-09-04 | 13.35% |
| 2025-09-03 | 13.35% |
| 2025-09-02 | 13.35% |
| 2025-08-29 | 13.34% |
| 2025-08-28 | 13.34% |
| 2025-08-27 | 13.34% |
| 2025-08-26 | 13.34% |
| 2025-08-25 | 13.35% |
| 2025-08-22 | 13.34% |
| 2025-08-21 | 13.34% |
| 2025-08-20 | 13.35% |
| 2025-08-19 | 13.35% |
| 2025-08-18 | 13.35% |
| 2025-08-15 | 13.36% |
| 2025-08-14 | 13.35% |
| 2025-08-13 | 13.35% |
| 2025-08-12 | 13.35% |
| 2025-08-11 | 13.35% |
| 2025-08-08 | 13.36% |
| 2025-08-07 | 13.35% |
| 2025-08-06 | 13.35% |
| 2025-08-05 | 13.34% |
| 2025-08-04 | 12.74% |
| 2025-08-01 | 12.75% |
| 2025-07-31 | 12.75% |
| 2025-07-30 | 12.75% |
| 2025-07-29 | 12.74% |
| 2025-07-28 | 12.74% |
| 2025-07-25 | 12.75% |
| 2025-07-24 | 12.74% |
| 2025-07-23 | 12.75% |
| 2025-07-22 | 14.40% |
| 2025-07-21 | 14.41% |
| 2025-07-18 | 14.41% |
| 2025-07-17 | 14.41% |
| 2025-07-16 | 14.41% |
| 2025-07-15 | 14.40% |
| 2025-07-14 | 14.40% |
Showing the most recent 260 of 2,502 data points. The chart above shows the full history.
| 38.6% |
| 2019 | $5.59 | $0.86 | 15.4% |
| 2018 | $3.76 | $0.72 | 19.1% |
| 2017 | $2.43 | $0.56 | 23.0% |
| 2016 | $2.71 | $0.26 | 9.6% |
| 2015 | $2.66 | $0.00 | 0.0% |
| 2014 | $2.78 | $0.00 | 0.0% |
| 2013 | $2.38 | $0.00 | 0.0% |
| 2012 | $2.55 | $0.00 | 0.0% |
| 2011 | $2.28 | $0.00 | 0.0% |
