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 36.47% is in line with its 5-year average of 33.59%, near the low end of its 5-year range (14.69%–947.07%).
As of Tuesday, November 4, 2025. 0.33% above its 12-month average of 36.35%.
Dividend Payout Ratio (36.47%) = TTM Dividends/Share ($1.85) / TTM EPS ($5.07)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2025-11-04.
DIVIDEND PAYOUT RATIO
36.47%
DIVIDEND PAYOUT RATIO AVG TTM
36.35%
DIVIDEND PAYOUT RATIO AVG 3Y
39.29%
DIVIDEND PAYOUT RATIO AVG 5Y
33.59%
DIVIDEND PAYOUT RATIO AVG 10Y
38.45%
DIVIDEND PAYOUT RATIO AVG 15Y
40.84%
DIVIDEND PAYOUT RATIO AVG 20Y
38.55%
CURRENT VS TTM AVG
+0.33%
CURRENT VS 3Y AVG
-7.17%
CURRENT VS 5Y AVG
+8.60%
CURRENT VS 10Y AVG
-5.14%
CURRENT VS 15Y AVG
-10.70%
CURRENT VS 20Y AVG
-5.38%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | ($10.83) | $1.88 | N/A (Loss) |
| 2024-12-31 | $5.38 | $1.76 | 32.7% |
| 2023-12-31 | $4.39 | $1.64 | 37.4% |
| 2022-12-31 | ($0.86) | $1.52 | N/A (Loss) |
| 2021-12-31 | $4.63 | $0.68 | 14.7% |
| 2020-12-31 | ($4.36) |
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 |
|---|---|
| 2025-11-04 | 36.47% |
| 2025-11-03 | 36.47% |
| 2025-10-31 | 36.48% |
| 2025-10-30 | 36.49% |
| 2025-10-29 | 36.48% |
| 2025-10-28 | 36.48% |
| 2025-10-27 | 36.49% |
| 2025-10-24 | 36.48% |
| 2025-10-23 | 36.50% |
| 2025-10-22 | 36.49% |
| 2025-10-21 | 36.49% |
| 2025-10-20 | 36.48% |
| 2025-10-17 | 36.51% |
| 2025-10-16 | 36.50% |
| 2025-10-15 | 36.51% |
| 2025-10-14 | 36.50% |
| 2025-10-13 | 36.49% |
| 2025-10-10 | 36.50% |
| 2025-10-09 | 36.47% |
| 2025-10-08 | 36.47% |
| 2025-10-07 | 36.50% |
| 2025-10-06 | 36.47% |
| 2025-10-03 | 36.49% |
| 2025-10-02 | 36.50% |
| 2025-10-01 | 36.49% |
| 2025-09-30 | 36.51% |
| 2025-09-29 | 36.51% |
| 2025-09-26 | 36.48% |
| 2025-09-25 | 36.49% |
| 2025-09-24 | 36.50% |
| 2025-09-23 | 36.50% |
| 2025-09-22 | 36.47% |
| 2025-09-19 | 36.51% |
| 2025-09-18 | 36.49% |
| 2025-09-17 | 36.48% |
| 2025-09-16 | 36.51% |
| 2025-09-15 | 36.48% |
| 2025-09-12 | 36.49% |
| 2025-09-11 | 36.49% |
| 2025-09-10 | 36.47% |
| 2025-09-09 | 36.48% |
| 2025-09-08 | 36.50% |
| 2025-09-05 | 36.49% |
| 2025-09-04 | 27.21% |
| 2025-09-03 | 27.21% |
| 2025-09-02 | 27.22% |
| 2025-08-29 | 35.90% |
| 2025-08-28 | 35.91% |
| 2025-08-27 | 35.88% |
| 2025-08-26 | 35.91% |
| 2025-08-25 | 35.90% |
| 2025-08-22 | 35.91% |
| 2025-08-21 | 35.91% |
| 2025-08-20 | 35.89% |
| 2025-08-19 | 35.91% |
| 2025-08-18 | 35.89% |
| 2025-08-15 | 35.89% |
| 2025-08-14 | 35.88% |
| 2025-08-13 | 35.90% |
| 2025-08-12 | 35.91% |
| 2025-08-11 | 35.89% |
| 2025-08-08 | 35.90% |
| 2025-08-07 | 35.89% |
| 2025-08-06 | 35.89% |
| 2025-08-05 | 36.61% |
| 2025-08-01 | 36.62% |
| 2025-07-30 | 36.61% |
| 2025-07-28 | 36.60% |
| 2025-07-24 | 36.64% |
| 2025-07-22 | 36.62% |
| 2025-07-18 | 36.61% |
| 2025-07-16 | 36.63% |
| 2025-07-14 | 36.61% |
| 2025-07-10 | 36.61% |
| 2025-07-08 | 36.64% |
| 2025-07-03 | 36.63% |
| 2025-07-01 | 36.61% |
| 2025-06-27 | 36.64% |
| 2025-06-25 | 36.64% |
| 2025-06-23 | 36.63% |
| 2025-06-18 | 36.62% |
| 2025-06-16 | 36.61% |
| 2025-06-12 | 36.63% |
| 2025-06-10 | 36.64% |
| 2025-06-06 | 45.46% |
| 2025-06-04 | 36.02% |
| 2025-06-02 | 36.02% |
| 2025-05-29 | 36.00% |
| 2025-05-27 | 36.00% |
| 2025-05-22 | 36.02% |
| 2025-05-20 | 36.02% |
| 2025-05-16 | 36.02% |
| 2025-05-14 | 36.00% |
| 2025-05-12 | 36.03% |
| 2025-05-08 | 33.45% |
| 2025-05-06 | 33.47% |
| 2025-05-02 | 33.46% |
| 2025-04-30 | 33.45% |
| 2025-04-28 | 33.46% |
| 2025-04-24 | 33.47% |
| 2025-04-22 | 33.46% |
| 2025-04-17 | 33.45% |
| 2025-04-15 | 33.45% |
| 2025-04-11 | 33.45% |
| 2025-04-09 | 33.45% |
| 2025-04-07 | 33.45% |
| 2025-04-03 | 33.44% |
| 2025-04-01 | 33.47% |
| 2025-03-28 | 33.45% |
| 2025-03-26 | 33.46% |
| 2025-03-24 | 33.46% |
| 2025-03-20 | 33.47% |
| 2025-03-18 | 33.47% |
| 2025-03-14 | 33.45% |
| 2025-03-12 | 33.46% |
| 2025-03-10 | 33.46% |
| 2025-03-06 | 33.45% |
| 2025-03-04 | 33.47% |
| 2025-02-28 | 33.47% |
| 2025-02-26 | 32.90% |
| 2025-02-24 | 32.90% |
| 2025-02-20 | 32.90% |
| 2025-02-18 | 39.65% |
| 2025-02-13 | 39.63% |
| 2025-02-11 | 39.63% |
| 2025-02-07 | 39.64% |
| 2025-02-05 | 39.64% |
| 2025-02-03 | 39.62% |
| 2025-01-30 | 39.64% |
| 2025-01-28 | 39.62% |
| 2025-01-24 | 39.63% |
| 2025-01-22 | 39.64% |
| 2025-01-17 | 39.64% |
| 2025-01-15 | 39.65% |
| 2025-01-13 | 39.64% |
| 2025-01-08 | 39.64% |
| 2025-01-06 | 39.63% |
| 2025-01-02 | 39.63% |
| 2024-12-30 | 39.64% |
| 2024-12-26 | 39.65% |
| 2024-12-23 | 39.64% |
| 2024-12-19 | 39.64% |
| 2024-12-17 | 39.63% |
| 2024-12-13 | 39.63% |
| 2024-12-11 | 39.65% |
| 2024-12-09 | 39.65% |
| 2024-12-05 | 29.73% |
| 2024-12-03 | 29.74% |
| 2024-11-29 | 29.74% |
| 2024-11-26 | 38.96% |
| 2024-11-22 | 38.95% |
| 2024-11-20 | 38.97% |
| 2024-11-18 | 38.95% |
| 2024-11-14 | 38.97% |
| 2024-11-12 | 38.97% |
| 2024-11-08 | 31.69% |
| 2024-11-06 | 31.68% |
| 2024-11-04 | 31.67% |
| 2024-10-31 | 31.70% |
| 2024-10-29 | 31.70% |
| 2024-10-25 | 31.67% |
| 2024-10-23 | 31.67% |
| 2024-10-21 | 31.70% |
| 2024-10-17 | 31.70% |
| 2024-10-15 | 31.69% |
| 2024-10-11 | 31.68% |
| 2024-10-09 | 31.69% |
| 2024-10-07 | 31.68% |
| 2024-10-03 | 31.68% |
| 2024-10-01 | 31.67% |
| 2024-09-27 | 31.69% |
| 2024-09-25 | 31.68% |
| 2024-09-23 | 31.67% |
| 2024-09-19 | 31.68% |
| 2024-09-17 | 31.68% |
| 2024-09-13 | 31.68% |
| 2024-09-11 | 31.68% |
| 2024-09-09 | 31.70% |
| 2024-09-05 | 31.68% |
| 2024-09-03 | 31.68% |
| 2024-08-29 | 31.15% |
| 2024-08-27 | 31.14% |
| 2024-08-23 | 31.14% |
| 2024-08-21 | 31.15% |
| 2024-08-19 | 31.14% |
| 2024-08-15 | 31.13% |
| 2024-08-13 | 31.15% |
| 2024-08-09 | 31.12% |
| 2024-08-07 | 31.13% |
| 2024-08-05 | 34.01% |
| 2024-08-01 | 34.01% |
| 2024-07-30 | 33.99% |
| 2024-07-26 | 34.01% |
| 2024-07-24 | 33.99% |
| 2024-07-22 | 33.99% |
| 2024-07-18 | 33.99% |
| 2024-07-16 | 34.01% |
| 2024-07-12 | 34.01% |
| 2024-07-10 | 34.01% |
| 2024-07-08 | 33.99% |
| 2024-07-03 | 34.01% |
| 2024-07-01 | 34.00% |
| 2024-06-27 | 34.01% |
| 2024-06-25 | 33.99% |
| 2024-06-21 | 34.00% |
| 2024-06-18 | 33.99% |
| 2024-06-14 | 34.01% |
| 2024-06-12 | 34.01% |
| 2024-06-10 | 34.00% |
| 2024-06-06 | 25.20% |
| 2024-06-04 | 25.20% |
| 2024-05-31 | 25.20% |
| 2024-05-29 | 33.39% |
| 2024-05-24 | 33.40% |
| 2024-05-22 | 33.41% |
| 2024-05-20 | 33.39% |
| 2024-05-16 | 33.40% |
| 2024-05-14 | 33.41% |
| 2024-05-10 | 33.40% |
| 2024-05-08 | 33.39% |
| 2024-05-06 | 33.39% |
| 2024-05-02 | 33.40% |
| 2024-04-30 | 38.29% |
| 2024-04-26 | 38.29% |
| 2024-04-24 | 38.30% |
| 2024-04-22 | 38.31% |
| 2024-04-18 | 38.30% |
| 2024-04-16 | 38.30% |
| 2024-04-12 | 38.31% |
| 2024-04-10 | 38.30% |
| 2024-04-08 | 38.30% |
| 2024-04-04 | 38.29% |
| 2024-04-02 | 38.30% |
| 2024-03-28 | 38.29% |
| 2024-03-26 | 38.29% |
| 2024-03-22 | 38.29% |
| 2024-03-20 | 38.30% |
| 2024-03-18 | 38.30% |
| 2024-03-14 | 38.30% |
| 2024-03-12 | 38.31% |
| 2024-03-08 | 38.31% |
| 2024-03-06 | 38.31% |
| 2024-03-04 | 38.31% |
| 2024-02-29 | 47.72% |
| 2024-02-27 | 37.60% |
| 2024-02-23 | 37.61% |
| 2024-02-21 | 37.62% |
| 2024-02-16 | 141.39% |
| 2024-02-14 | 141.39% |
| 2024-02-12 | 141.37% |
| 2024-02-08 | 141.38% |
| 2024-02-06 | 141.39% |
| 2024-02-02 | 141.38% |
| 2024-01-31 | 141.39% |
| 2024-01-29 | 141.39% |
| 2024-01-25 | 141.39% |
| 2024-01-23 | 141.37% |
| 2024-01-19 | 141.38% |
| 2024-01-17 | 141.37% |
| 2024-01-12 | 141.37% |
Showing the most recent 260 of 2,298 data points. The chart above shows the full history.
| $0.57 |
| N/A (Loss) |
| 2019-12-31 | $1.12 | $1.96 | 175.0% |
| 2018-12-31 | $5.17 | $1.64 | 31.7% |
| 2017-12-31 | $6.57 | $1.64 | 25.0% |
| 2016-12-31 | $9.32 | $1.64 | 17.6% |
| 2015-12-31 | $1.94 | $1.64 | 84.5% |
| 2014-12-31 | $2.78 | $1.48 | 53.2% |
| 2013-12-31 | $3.10 | $1.28 | 41.3% |
| 2012-12-31 | $2.45 | $1.28 | 52.2% |
| 2011-12-31 | $3.66 | $1.24 | 33.9% |
| 2010-12-31 | $3.80 | $1.08 | 28.4% |
| 2009-12-31 | $3.91 | $0.92 | 23.5% |
| 2008-12-31 | $2.07 | $0.76 | 36.7% |
| 2007-12-31 | $2.75 | $0.64 | 23.3% |
| 2006-12-31 | $2.10 | $0.64 | 30.5% |
| 2005-12-31 | $0.85 | $0.64 | 75.3% |
| 2004-12-31 | $2.65 | $0.41 | 15.5% |
| 2003-12-31 | $2.40 | $0.41 | 17.1% |
| 2002-12-31 | $2.24 | $0.41 | 18.3% |
| 2001-12-31 | $1.67 | $0.40 | 24.0% |
| 2000-12-31 | $1.49 | $0.36 | 24.2% |
| 1999-12-31 | $1.25 | $0.32 | 25.8% |
| 1998-12-31 | $0.94 | $0.30 | 31.9% |
| 1997-12-31 | $1.11 | $0.28 | 24.8% |
| 1996-12-31 | $0.57 | $0.25 | 43.9% |
