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 50.97% is 43% below its 5-year average of 88.70%, near the low end of its 5-year range (46.53%–156.24%).
As of Sunday, July 26, 2026. 19.51% below its 12-month average of 63.33%.
Dividend Payout Ratio (50.97%) = TTM Dividends/Share ($2.08) / TTM EPS ($4.08)
DIVIDEND PAYOUT RATIO
50.97%
DIVIDEND PAYOUT RATIO AVG TTM
63.33%
DIVIDEND PAYOUT RATIO AVG 3Y
85.68%
DIVIDEND PAYOUT RATIO AVG 5Y
88.70%
DIVIDEND PAYOUT RATIO AVG 10Y
95.08%
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-19.51%
CURRENT VS 3Y AVG
-40.51%
CURRENT VS 5Y AVG
-42.54%
CURRENT VS 10Y AVG
-46.39%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.93 | $2.02 | 51.4% |
| 2024 | $1.92 | $1.88 | 97.9% |
| 2023 | $1.81 | $1.70 | 93.9% |
| 2022 | $2.61 | $1.48 | 56.7% |
| 2021 | $0.87 | $1.26 | 144.8% |
| 2020 | $0.86 | $1.12 |
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 |
|---|---|
| 2026-07-24 | 50.97% |
| 2026-07-23 | 50.98% |
| 2026-07-22 | 50.99% |
| 2026-07-21 | 50.97% |
| 2026-07-20 | 50.97% |
| 2026-07-17 | 50.99% |
| 2026-07-16 | 50.97% |
| 2026-07-15 | 50.99% |
| 2026-07-14 | 50.97% |
| 2026-07-13 | 50.99% |
| 2026-07-10 | 50.98% |
| 2026-07-09 | 50.98% |
| 2026-07-08 | 50.98% |
| 2026-07-07 | 50.99% |
| 2026-07-06 | 50.97% |
| 2026-07-02 | 50.97% |
| 2026-07-01 | 50.98% |
| 2026-06-30 | 50.96% |
| 2026-06-29 | 51.00% |
| 2026-06-26 | 62.98% |
| 2026-06-25 | 50.25% |
| 2026-06-24 | 50.25% |
| 2026-06-23 | 50.24% |
| 2026-06-22 | 50.25% |
| 2026-06-18 | 50.24% |
| 2026-06-17 | 50.24% |
| 2026-06-16 | 50.26% |
| 2026-06-15 | 50.24% |
| 2026-06-12 | 50.25% |
| 2026-06-11 | 50.25% |
| 2026-06-10 | 50.26% |
| 2026-06-09 | 50.23% |
| 2026-06-08 | 50.25% |
| 2026-06-05 | 50.25% |
| 2026-06-04 | 50.26% |
| 2026-06-03 | 50.24% |
| 2026-06-02 | 50.25% |
| 2026-06-01 | 50.25% |
| 2026-05-29 | 50.24% |
| 2026-05-28 | 50.23% |
| 2026-05-27 | 50.24% |
| 2026-05-26 | 50.26% |
| 2026-05-22 | 50.25% |
| 2026-05-21 | 50.23% |
| 2026-05-20 | 50.25% |
| 2026-05-19 | 50.24% |
| 2026-05-18 | 50.26% |
| 2026-05-15 | 50.23% |
| 2026-05-14 | 50.26% |
| 2026-05-13 | 50.26% |
| 2026-05-12 | 50.23% |
| 2026-05-11 | 50.26% |
| 2026-05-08 | 50.25% |
| 2026-05-07 | 50.25% |
| 2026-05-06 | 50.25% |
| 2026-05-05 | 52.70% |
| 2026-05-04 | 52.69% |
| 2026-05-01 | 52.70% |
| 2026-04-30 | 52.70% |
| 2026-04-29 | 52.71% |
| 2026-04-28 | 52.69% |
| 2026-04-27 | 52.69% |
| 2026-04-24 | 52.69% |
| 2026-04-23 | 52.69% |
| 2026-04-22 | 52.69% |
| 2026-04-21 | 52.70% |
| 2026-04-20 | 52.71% |
| 2026-04-17 | 52.70% |
| 2026-04-16 | 52.68% |
| 2026-04-15 | 52.70% |
| 2026-04-14 | 52.71% |
| 2026-04-13 | 52.69% |
| 2026-04-10 | 52.71% |
| 2026-04-09 | 52.69% |
| 2026-04-08 | 52.71% |
| 2026-04-07 | 52.69% |
| 2026-04-06 | 52.71% |
| 2026-04-02 | 52.71% |
| 2026-04-01 | 52.70% |
| 2026-03-31 | 52.70% |
| 2026-03-30 | 52.70% |
| 2026-03-27 | 52.69% |
| 2026-03-26 | 51.92% |
| 2026-03-25 | 51.93% |
| 2026-03-24 | 51.92% |
| 2026-03-23 | 51.94% |
| 2026-03-20 | 51.93% |
| 2026-03-19 | 51.93% |
| 2026-03-18 | 51.93% |
| 2026-03-17 | 51.94% |
| 2026-03-16 | 51.93% |
| 2026-03-13 | 51.91% |
| 2026-03-12 | 51.93% |
| 2026-03-11 | 51.93% |
| 2026-03-10 | 51.93% |
| 2026-03-09 | 51.94% |
| 2026-03-06 | 51.92% |
| 2026-03-05 | 51.94% |
| 2026-03-04 | 51.92% |
| 2026-03-03 | 51.92% |
| 2026-03-02 | 51.92% |
| 2026-02-27 | 51.92% |
| 2026-02-26 | 51.93% |
| 2026-02-25 | 51.94% |
| 2026-02-24 | 51.91% |
| 2026-02-23 | 51.94% |
| 2026-02-20 | 51.94% |
| 2026-02-19 | 51.91% |
| 2026-02-18 | 51.93% |
| 2026-02-17 | 51.94% |
| 2026-02-13 | 51.92% |
| 2026-02-12 | 51.92% |
| 2026-02-11 | 51.93% |
| 2026-02-10 | 51.91% |
| 2026-02-09 | 51.92% |
| 2026-02-06 | 51.92% |
| 2026-02-05 | 51.93% |
| 2026-02-04 | 51.94% |
| 2026-02-03 | 64.53% |
| 2026-02-02 | 64.54% |
| 2026-01-30 | 64.53% |
| 2026-01-29 | 64.54% |
| 2026-01-28 | 64.53% |
| 2026-01-27 | 64.53% |
| 2026-01-26 | 64.53% |
| 2026-01-23 | 64.53% |
| 2026-01-22 | 64.54% |
| 2026-01-21 | 64.54% |
| 2026-01-20 | 64.54% |
| 2026-01-16 | 64.54% |
| 2026-01-15 | 64.52% |
| 2026-01-14 | 64.54% |
| 2026-01-13 | 64.52% |
| 2026-01-12 | 64.53% |
| 2026-01-09 | 64.54% |
| 2026-01-08 | 64.53% |
| 2026-01-07 | 64.53% |
| 2026-01-06 | 64.55% |
| 2026-01-05 | 64.53% |
| 2026-01-02 | 64.55% |
| 2025-12-31 | 64.55% |
| 2025-12-30 | 64.55% |
| 2025-12-29 | 64.52% |
| 2025-12-26 | 64.54% |
| 2025-12-24 | 64.54% |
| 2025-12-23 | 64.53% |
| 2025-12-22 | 64.55% |
| 2025-12-19 | 64.55% |
| 2025-12-18 | 64.52% |
| 2025-12-17 | 64.55% |
| 2025-12-16 | 64.54% |
| 2025-12-15 | 64.53% |
| 2025-12-12 | 63.59% |
| 2025-12-11 | 63.56% |
| 2025-12-10 | 63.58% |
| 2025-12-09 | 63.59% |
| 2025-12-08 | 63.59% |
| 2025-12-05 | 63.59% |
| 2025-12-04 | 63.57% |
| 2025-12-03 | 63.59% |
| 2025-12-02 | 63.57% |
| 2025-12-01 | 63.59% |
| 2025-11-28 | 63.58% |
| 2025-11-26 | 63.59% |
| 2025-11-25 | 63.56% |
| 2025-11-24 | 63.56% |
| 2025-11-21 | 63.59% |
| 2025-11-20 | 63.57% |
| 2025-11-19 | 63.58% |
| 2025-11-18 | 63.57% |
| 2025-11-17 | 63.57% |
| 2025-11-14 | 63.59% |
| 2025-11-13 | 63.58% |
| 2025-11-12 | 63.58% |
| 2025-11-11 | 63.58% |
| 2025-11-10 | 63.58% |
| 2025-11-07 | 63.59% |
| 2025-11-06 | 63.57% |
| 2025-11-05 | 63.57% |
| 2025-11-04 | 79.59% |
| 2025-11-03 | 79.61% |
| 2025-10-31 | 79.59% |
| 2025-10-30 | 79.59% |
| 2025-10-29 | 79.61% |
| 2025-10-28 | 79.59% |
| 2025-10-27 | 79.59% |
| 2025-10-24 | 79.59% |
| 2025-10-23 | 79.59% |
| 2025-10-22 | 79.59% |
| 2025-10-21 | 79.59% |
| 2025-10-20 | 79.61% |
| 2025-10-17 | 79.59% |
| 2025-10-16 | 79.61% |
| 2025-10-15 | 79.60% |
| 2025-10-14 | 79.59% |
| 2025-10-13 | 79.61% |
| 2025-10-10 | 79.61% |
| 2025-10-09 | 79.61% |
| 2025-10-08 | 79.59% |
| 2025-10-07 | 79.61% |
| 2025-10-06 | 79.61% |
| 2025-10-03 | 79.59% |
| 2025-10-02 | 79.61% |
| 2025-10-01 | 79.59% |
| 2025-09-30 | 79.60% |
| 2025-09-29 | 99.20% |
| 2025-09-26 | 78.41% |
| 2025-09-25 | 78.39% |
| 2025-09-24 | 78.40% |
| 2025-09-23 | 78.41% |
| 2025-09-22 | 78.41% |
| 2025-09-19 | 78.39% |
| 2025-09-18 | 78.39% |
| 2025-09-17 | 78.40% |
| 2025-09-16 | 78.40% |
| 2025-09-15 | 78.39% |
| 2025-09-12 | 78.39% |
| 2025-09-11 | 78.40% |
| 2025-09-10 | 78.40% |
| 2025-09-09 | 78.40% |
| 2025-09-08 | 78.41% |
| 2025-09-05 | 78.39% |
| 2025-09-04 | 78.40% |
| 2025-09-03 | 78.39% |
| 2025-09-02 | 78.39% |
| 2025-08-29 | 78.41% |
| 2025-08-28 | 78.39% |
| 2025-08-27 | 78.41% |
| 2025-08-26 | 78.41% |
| 2025-08-25 | 78.39% |
| 2025-08-22 | 78.41% |
| 2025-08-21 | 78.39% |
| 2025-08-20 | 78.41% |
| 2025-08-19 | 78.40% |
| 2025-08-18 | 78.39% |
| 2025-08-15 | 78.41% |
| 2025-08-14 | 78.39% |
| 2025-08-13 | 78.39% |
| 2025-08-12 | 78.41% |
| 2025-08-11 | 78.39% |
| 2025-08-08 | 78.41% |
| 2025-08-07 | 78.41% |
| 2025-08-06 | 78.39% |
| 2025-08-05 | 99.48% |
| 2025-08-04 | 99.48% |
| 2025-08-01 | 99.50% |
| 2025-07-31 | 99.50% |
| 2025-07-30 | 99.51% |
| 2025-07-29 | 99.48% |
| 2025-07-28 | 99.48% |
| 2025-07-25 | 99.48% |
| 2025-07-24 | 99.49% |
| 2025-07-23 | 99.50% |
| 2025-07-22 | 99.50% |
| 2025-07-21 | 99.51% |
| 2025-07-18 | 99.49% |
| 2025-07-17 | 99.48% |
| 2025-07-16 | 99.48% |
| 2025-07-15 | 99.48% |
| 2025-07-14 | 99.48% |
Showing the most recent 260 of 3,379 data points. The chart above shows the full history.
| 130.2% |
| 2019 | $0.54 | $1.02 | 188.9% |
| 2018 | $1.10 | $0.92 | 83.6% |
| 2017 | $0.95 | $0.84 | 88.4% |
| 2016 | $0.26 | $0.76 | 292.3% |
| 2015 | $0.26 | $0.66 | 253.8% |
| 2014 | $0.23 | $0.57 | 247.8% |
| 2013 | $0.15 | $0.51 | 340.0% |
| 2012 | $0.19 | $0.56 | 294.7% |
| 2011 | ($0.41) | $0.30 | N/A (Loss) |
| 2010 | ($0.59) | $0.00 | N/A (Loss) |
