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 28.54% is 16% below its 5-year average of 34.06%, near the low end of its 5-year range (16.20%–72.69%).
As of Tuesday, August 4, 2026. 33.28% below its 12-month average of 42.77%.
Dividend Payout Ratio (28.54%) = TTM Dividends/Share ($2.91) / TTM EPS ($10.20)
DIVIDEND PAYOUT RATIO
28.54%
DIVIDEND PAYOUT RATIO AVG TTM
42.77%
DIVIDEND PAYOUT RATIO AVG 3Y
36.26%
DIVIDEND PAYOUT RATIO AVG 5Y
32.78%
DIVIDEND PAYOUT RATIO AVG 10Y
33.35%
DIVIDEND PAYOUT RATIO AVG 15Y
29.70%
DIVIDEND PAYOUT RATIO AVG 20Y
30.38%
CURRENT VS TTM AVG
-33.28%
CURRENT VS 3Y AVG
-21.30%
CURRENT VS 5Y AVG
-12.95%
CURRENT VS 10Y AVG
-14.44%
CURRENT VS 15Y AVG
-3.93%
CURRENT VS 20Y AVG
-6.08%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $6.20 | $2.78 | 44.8% |
| 2024 | $10.40 | $2.54 | 24.4% |
| 2023 | $6.06 | $2.33 | 38.4% |
| 2022 | $7.52 | $2.18 | 29.0% |
| 2021 | $6.85 | $1.98 | 28.9% |
| 2020 | ($0.78) | $1.90 |
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 | 28.54% |
| 2026-07-31 | 28.54% |
| 2026-07-30 | 28.53% |
| 2026-07-29 | 28.53% |
| 2026-07-28 | 28.53% |
| 2026-07-27 | 28.53% |
| 2026-07-24 | 28.54% |
| 2026-07-23 | 29.73% |
| 2026-07-22 | 29.73% |
| 2026-07-21 | 29.73% |
| 2026-07-20 | 29.72% |
| 2026-07-17 | 29.73% |
| 2026-07-16 | 29.72% |
| 2026-07-15 | 29.73% |
| 2026-07-14 | 29.73% |
| 2026-07-13 | 29.72% |
| 2026-07-10 | 29.73% |
| 2026-07-09 | 29.73% |
| 2026-07-08 | 29.72% |
| 2026-07-07 | 29.73% |
| 2026-07-06 | 29.72% |
| 2026-07-02 | 29.73% |
| 2026-07-01 | 29.73% |
| 2026-06-30 | 29.72% |
| 2026-06-29 | 29.73% |
| 2026-06-26 | 29.73% |
| 2026-06-25 | 29.73% |
| 2026-06-24 | 29.72% |
| 2026-06-23 | 29.72% |
| 2026-06-22 | 29.73% |
| 2026-06-18 | 29.72% |
| 2026-06-17 | 29.73% |
| 2026-06-16 | 29.73% |
| 2026-06-15 | 29.73% |
| 2026-06-12 | 29.73% |
| 2026-06-11 | 29.72% |
| 2026-06-10 | 29.72% |
| 2026-06-09 | 29.72% |
| 2026-06-08 | 29.72% |
| 2026-06-05 | 29.72% |
| 2026-06-04 | 29.73% |
| 2026-06-03 | 29.73% |
| 2026-06-02 | 29.72% |
| 2026-06-01 | 29.72% |
| 2026-05-29 | 29.73% |
| 2026-05-28 | 29.72% |
| 2026-05-27 | 29.72% |
| 2026-05-26 | 29.73% |
| 2026-05-22 | 29.72% |
| 2026-05-21 | 21.76% |
| 2026-05-20 | 29.01% |
| 2026-05-19 | 29.01% |
| 2026-05-18 | 29.01% |
| 2026-05-15 | 29.01% |
| 2026-05-14 | 29.01% |
| 2026-05-13 | 29.01% |
| 2026-05-12 | 29.01% |
| 2026-05-11 | 29.00% |
| 2026-05-08 | 29.01% |
| 2026-05-07 | 29.01% |
| 2026-05-06 | 29.01% |
| 2026-05-05 | 29.01% |
| 2026-05-04 | 29.01% |
| 2026-05-01 | 29.01% |
| 2026-04-30 | 29.01% |
| 2026-04-29 | 29.02% |
| 2026-04-28 | 29.01% |
| 2026-04-27 | 29.01% |
| 2026-04-24 | 29.01% |
| 2026-04-23 | 40.96% |
| 2026-04-22 | 40.96% |
| 2026-04-21 | 40.96% |
| 2026-04-20 | 40.96% |
| 2026-04-17 | 40.96% |
| 2026-04-16 | 40.96% |
| 2026-04-15 | 40.96% |
| 2026-04-14 | 40.97% |
| 2026-04-13 | 40.96% |
| 2026-04-10 | 40.96% |
| 2026-04-09 | 40.97% |
| 2026-04-08 | 40.96% |
| 2026-04-07 | 40.96% |
| 2026-04-06 | 40.96% |
| 2026-04-02 | 40.96% |
| 2026-04-01 | 40.96% |
| 2026-03-31 | 40.97% |
| 2026-03-30 | 40.96% |
| 2026-03-27 | 40.95% |
| 2026-03-26 | 40.96% |
| 2026-03-25 | 40.96% |
| 2026-03-24 | 40.97% |
| 2026-03-23 | 40.96% |
| 2026-03-20 | 40.97% |
| 2026-03-19 | 40.96% |
| 2026-03-18 | 40.97% |
| 2026-03-17 | 40.96% |
| 2026-03-16 | 40.96% |
| 2026-03-13 | 40.96% |
| 2026-03-12 | 40.96% |
| 2026-03-11 | 40.96% |
| 2026-03-10 | 40.96% |
| 2026-03-09 | 40.97% |
| 2026-03-06 | 40.96% |
| 2026-03-05 | 40.96% |
| 2026-03-04 | 40.97% |
| 2026-03-03 | 40.96% |
| 2026-03-02 | 40.96% |
| 2026-02-27 | 40.96% |
| 2026-02-26 | 40.96% |
| 2026-02-25 | 40.96% |
| 2026-02-24 | 40.96% |
| 2026-02-23 | 40.96% |
| 2026-02-20 | 50.34% |
| 2026-02-19 | 40.10% |
| 2026-02-18 | 40.10% |
| 2026-02-17 | 40.09% |
| 2026-02-13 | 40.10% |
| 2026-02-12 | 40.10% |
| 2026-02-11 | 40.09% |
| 2026-02-10 | 40.09% |
| 2026-02-09 | 40.09% |
| 2026-02-06 | 40.10% |
| 2026-02-05 | 40.10% |
| 2026-02-04 | 40.09% |
| 2026-02-03 | 40.10% |
| 2026-02-02 | 40.10% |
| 2026-01-30 | 40.09% |
| 2026-01-29 | 40.10% |
| 2026-01-28 | 40.10% |
| 2026-01-27 | 40.10% |
| 2026-01-26 | 40.09% |
| 2026-01-23 | 40.09% |
| 2026-01-22 | 45.18% |
| 2026-01-21 | 45.18% |
| 2026-01-20 | 45.18% |
| 2026-01-16 | 45.18% |
| 2026-01-15 | 45.18% |
| 2026-01-14 | 45.17% |
| 2026-01-13 | 45.18% |
| 2026-01-12 | 45.18% |
| 2026-01-09 | 45.18% |
| 2026-01-08 | 45.18% |
| 2026-01-07 | 45.18% |
| 2026-01-06 | 45.18% |
| 2026-01-05 | 45.18% |
| 2026-01-02 | 45.18% |
| 2025-12-31 | 45.17% |
| 2025-12-30 | 45.18% |
| 2025-12-29 | 45.18% |
| 2025-12-26 | 45.18% |
| 2025-12-24 | 45.18% |
| 2025-12-23 | 45.18% |
| 2025-12-22 | 45.18% |
| 2025-12-19 | 45.18% |
| 2025-12-18 | 45.17% |
| 2025-12-17 | 45.18% |
| 2025-12-16 | 45.18% |
| 2025-12-15 | 45.18% |
| 2025-12-12 | 45.17% |
| 2025-12-11 | 45.18% |
| 2025-12-10 | 45.17% |
| 2025-12-09 | 45.18% |
| 2025-12-08 | 45.18% |
| 2025-12-05 | 45.18% |
| 2025-12-04 | 45.18% |
| 2025-12-03 | 45.18% |
| 2025-12-02 | 45.18% |
| 2025-12-01 | 45.18% |
| 2025-11-28 | 45.18% |
| 2025-11-26 | 45.18% |
| 2025-11-25 | 45.18% |
| 2025-11-24 | 45.18% |
| 2025-11-21 | 55.74% |
| 2025-11-20 | 44.21% |
| 2025-11-19 | 44.20% |
| 2025-11-18 | 44.21% |
| 2025-11-17 | 44.20% |
| 2025-11-14 | 44.20% |
| 2025-11-13 | 44.21% |
| 2025-11-12 | 44.20% |
| 2025-11-11 | 44.21% |
| 2025-11-10 | 44.20% |
| 2025-11-07 | 56.28% |
| 2025-11-06 | 56.27% |
| 2025-11-05 | 56.28% |
| 2025-11-04 | 56.28% |
| 2025-11-03 | 56.28% |
| 2025-10-31 | 56.28% |
| 2025-10-30 | 56.28% |
| 2025-10-29 | 56.27% |
| 2025-10-28 | 56.28% |
| 2025-10-27 | 56.28% |
| 2025-10-24 | 56.28% |
| 2025-10-23 | 56.27% |
| 2025-10-22 | 56.28% |
| 2025-10-21 | 56.28% |
| 2025-10-20 | 56.28% |
| 2025-10-17 | 56.27% |
| 2025-10-16 | 56.27% |
| 2025-10-15 | 56.27% |
| 2025-10-14 | 56.27% |
| 2025-10-13 | 56.28% |
| 2025-10-10 | 56.27% |
| 2025-10-09 | 56.28% |
| 2025-10-08 | 56.27% |
| 2025-10-07 | 56.28% |
| 2025-10-06 | 56.28% |
| 2025-10-03 | 56.27% |
| 2025-10-02 | 56.28% |
| 2025-10-01 | 56.28% |
| 2025-09-30 | 56.28% |
| 2025-09-29 | 56.28% |
| 2025-09-26 | 56.28% |
| 2025-09-25 | 56.27% |
| 2025-09-24 | 56.28% |
| 2025-09-23 | 56.28% |
| 2025-09-22 | 56.28% |
| 2025-09-19 | 56.28% |
| 2025-09-18 | 56.27% |
| 2025-09-17 | 56.27% |
| 2025-09-16 | 56.28% |
| 2025-09-15 | 56.28% |
| 2025-09-12 | 56.27% |
| 2025-09-11 | 56.28% |
| 2025-09-10 | 56.27% |
| 2025-09-09 | 56.28% |
| 2025-09-08 | 56.28% |
| 2025-09-05 | 56.28% |
| 2025-09-04 | 56.28% |
| 2025-09-03 | 56.28% |
| 2025-09-02 | 56.27% |
| 2025-08-29 | 56.27% |
| 2025-08-28 | 56.27% |
| 2025-08-27 | 56.28% |
| 2025-08-26 | 56.28% |
| 2025-08-25 | 56.27% |
| 2025-08-22 | 69.72% |
| 2025-08-21 | 55.03% |
| 2025-08-20 | 55.03% |
| 2025-08-19 | 55.03% |
| 2025-08-18 | 55.04% |
| 2025-08-15 | 55.03% |
| 2025-08-14 | 55.03% |
| 2025-08-13 | 55.03% |
| 2025-08-12 | 55.04% |
| 2025-08-11 | 55.03% |
| 2025-08-08 | 55.04% |
| 2025-08-07 | 55.03% |
| 2025-08-06 | 55.03% |
| 2025-08-05 | 55.04% |
| 2025-08-04 | 55.04% |
| 2025-08-01 | 55.04% |
| 2025-07-31 | 55.04% |
| 2025-07-30 | 55.03% |
| 2025-07-29 | 55.04% |
| 2025-07-28 | 55.03% |
| 2025-07-25 | 55.04% |
| 2025-07-24 | 58.41% |
| 2025-07-23 | 58.42% |
| 2025-07-22 | 58.41% |
Showing the most recent 260 of 4,276 data points. The chart above shows the full history.
| N/A (Loss) |
| 2019 | $5.71 | $1.82 | 31.9% |
| 2018 | $7.33 | $1.72 | 23.5% |
| 2017 | $4.74 | $1.57 | 33.1% |
| 2016 | $5.49 | $1.44 | 26.2% |
| 2015 | $5.98 | $1.28 | 21.4% |
| 2014 | $4.34 | $1.12 | 25.8% |
| 2013 | $3.05 | $0.96 | 31.5% |
| 2012 | $2.61 | $0.81 | 31.0% |
| 2011 | $2.84 | $0.70 | 24.6% |
| 2010 | $2.43 | $0.64 | 26.3% |
| 2009 | ($7.09) | $0.64 | N/A (Loss) |
| 2008 | $3.69 | $0.58 | 15.7% |
| 2007 | ($1.11) | $0.14 | N/A (Loss) |
| 2006 | $2.40 | $0.00 | 0.0% |
| 2005 | $2.30 | $0.00 | 0.0% |
| 2004 | $1.53 | $0.00 | 0.0% |
| 2003 | ($0.46) | $0.00 | N/A (Loss) |
| 2002 | ($8.93) | $0.00 | N/A (Loss) |
