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 51.57% is 11% below its 5-year average of 58.05%, around the middle of its 5-year range (36.87%–79.23%).
As of Saturday, August 8, 2026. 6.38% below its 12-month average of 55.09%.
Dividend Payout Ratio (51.57%) = TTM Dividends/Share ($5.14) / TTM EPS ($9.97)
DIVIDEND PAYOUT RATIO
51.57%
DIVIDEND PAYOUT RATIO AVG TTM
55.09%
DIVIDEND PAYOUT RATIO AVG 3Y
55.90%
DIVIDEND PAYOUT RATIO AVG 5Y
56.06%
DIVIDEND PAYOUT RATIO AVG 10Y
50.08%
DIVIDEND PAYOUT RATIO AVG 15Y
49.05%
DIVIDEND PAYOUT RATIO AVG 20Y
47.57%
CURRENT VS TTM AVG
-6.38%
CURRENT VS 3Y AVG
-7.75%
CURRENT VS 5Y AVG
-8.01%
CURRENT VS 10Y AVG
+2.99%
CURRENT VS 15Y AVG
+5.14%
CURRENT VS 20Y AVG
+8.40%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $9.26 | $5.08 | 54.9% |
| 2024 | $9.18 | $4.96 | 54.0% |
| 2023 | $7.78 | $4.88 | 62.7% |
| 2022 | $6.73 | $4.80 | 71.3% |
| 2021 | $13.25 | $7.32 | 55.2% |
| 2020 | $10.08 | $3.60 |
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 |
|---|---|
| 2026-08-07 | 51.57% |
| 2026-08-06 | 51.57% |
| 2026-08-05 | 51.54% |
| 2026-08-04 | 51.54% |
| 2026-08-03 | 51.58% |
| 2026-07-31 | 51.56% |
| 2026-07-30 | 55.07% |
| 2026-07-29 | 55.09% |
| 2026-07-28 | 55.08% |
| 2026-07-27 | 55.10% |
| 2026-07-24 | 55.11% |
| 2026-07-23 | 55.09% |
| 2026-07-22 | 55.07% |
| 2026-07-21 | 55.11% |
| 2026-07-20 | 55.11% |
| 2026-07-17 | 55.10% |
| 2026-07-16 | 55.09% |
| 2026-07-15 | 55.09% |
| 2026-07-14 | 55.09% |
| 2026-07-13 | 55.09% |
| 2026-07-10 | 55.11% |
| 2026-07-09 | 55.11% |
| 2026-07-08 | 55.08% |
| 2026-07-07 | 55.10% |
| 2026-07-06 | 55.10% |
| 2026-07-02 | 55.11% |
| 2026-07-01 | 55.07% |
| 2026-06-30 | 55.11% |
| 2026-06-29 | 55.09% |
| 2026-06-26 | 55.10% |
| 2026-06-25 | 55.10% |
| 2026-06-24 | 55.11% |
| 2026-06-23 | 55.09% |
| 2026-06-22 | 55.07% |
| 2026-06-18 | 55.10% |
| 2026-06-17 | 55.10% |
| 2026-06-16 | 55.11% |
| 2026-06-15 | 55.09% |
| 2026-06-12 | 54.76% |
| 2026-06-11 | 54.75% |
| 2026-06-10 | 54.78% |
| 2026-06-09 | 54.76% |
| 2026-06-08 | 54.76% |
| 2026-06-05 | 54.77% |
| 2026-06-04 | 54.75% |
| 2026-06-03 | 54.78% |
| 2026-06-02 | 54.77% |
| 2026-06-01 | 54.78% |
| 2026-05-29 | 54.75% |
| 2026-05-28 | 54.78% |
| 2026-05-27 | 54.77% |
| 2026-05-26 | 54.78% |
| 2026-05-22 | 54.76% |
| 2026-05-21 | 54.78% |
| 2026-05-20 | 54.75% |
| 2026-05-19 | 54.76% |
| 2026-05-18 | 54.75% |
| 2026-05-15 | 54.75% |
| 2026-05-14 | 54.79% |
| 2026-05-13 | 54.77% |
| 2026-05-12 | 54.76% |
| 2026-05-11 | 54.78% |
| 2026-05-08 | 54.77% |
| 2026-05-07 | 54.76% |
| 2026-05-06 | 54.79% |
| 2026-05-05 | 54.78% |
| 2026-05-04 | 54.78% |
| 2026-05-01 | 54.75% |
| 2026-04-30 | 54.79% |
| 2026-04-29 | 55.23% |
| 2026-04-28 | 55.22% |
| 2026-04-27 | 55.25% |
| 2026-04-24 | 55.25% |
| 2026-04-23 | 55.27% |
| 2026-04-22 | 55.26% |
| 2026-04-21 | 55.25% |
| 2026-04-20 | 55.27% |
| 2026-04-17 | 55.22% |
| 2026-04-16 | 55.24% |
| 2026-04-15 | 55.24% |
| 2026-04-14 | 55.24% |
| 2026-04-13 | 55.23% |
| 2026-04-10 | 55.24% |
| 2026-04-09 | 55.23% |
| 2026-04-08 | 55.27% |
| 2026-04-07 | 55.27% |
| 2026-04-06 | 55.26% |
| 2026-04-02 | 55.25% |
| 2026-04-01 | 55.27% |
| 2026-03-31 | 55.22% |
| 2026-03-30 | 55.22% |
| 2026-03-27 | 55.23% |
| 2026-03-26 | 55.22% |
| 2026-03-25 | 55.22% |
| 2026-03-24 | 55.24% |
| 2026-03-23 | 55.24% |
| 2026-03-20 | 55.26% |
| 2026-03-19 | 55.27% |
| 2026-03-18 | 55.24% |
| 2026-03-17 | 55.27% |
| 2026-03-16 | 55.26% |
| 2026-03-13 | 54.93% |
| 2026-03-12 | 54.90% |
| 2026-03-11 | 54.93% |
| 2026-03-10 | 54.94% |
| 2026-03-09 | 54.92% |
| 2026-03-06 | 54.90% |
| 2026-03-05 | 54.92% |
| 2026-03-04 | 54.89% |
| 2026-03-03 | 54.92% |
| 2026-03-02 | 54.91% |
| 2026-02-27 | 54.92% |
| 2026-02-26 | 54.93% |
| 2026-02-25 | 54.92% |
| 2026-02-24 | 54.93% |
| 2026-02-23 | 54.92% |
| 2026-02-20 | 54.91% |
| 2026-02-19 | 54.91% |
| 2026-02-18 | 54.90% |
| 2026-02-17 | 54.91% |
| 2026-02-13 | 54.94% |
| 2026-02-12 | 55.35% |
| 2026-02-11 | 55.36% |
| 2026-02-10 | 55.35% |
| 2026-02-09 | 55.35% |
| 2026-02-06 | 55.32% |
| 2026-02-05 | 55.32% |
| 2026-02-04 | 55.34% |
| 2026-02-03 | 55.32% |
| 2026-02-02 | 55.35% |
| 2026-01-30 | 55.33% |
| 2026-01-29 | 55.35% |
| 2026-01-28 | 55.36% |
| 2026-01-27 | 55.33% |
| 2026-01-26 | 55.35% |
| 2026-01-23 | 55.35% |
| 2026-01-22 | 55.35% |
| 2026-01-21 | 55.33% |
| 2026-01-20 | 55.32% |
| 2026-01-16 | 55.34% |
| 2026-01-15 | 55.33% |
| 2026-01-14 | 55.36% |
| 2026-01-13 | 55.36% |
| 2026-01-12 | 55.35% |
| 2026-01-09 | 55.34% |
| 2026-01-08 | 55.35% |
| 2026-01-07 | 55.35% |
| 2026-01-06 | 55.32% |
| 2026-01-05 | 55.34% |
| 2026-01-02 | 55.35% |
| 2025-12-31 | 55.33% |
| 2025-12-30 | 55.34% |
| 2025-12-29 | 55.35% |
| 2025-12-26 | 55.33% |
| 2025-12-24 | 55.32% |
| 2025-12-23 | 55.33% |
| 2025-12-22 | 55.36% |
| 2025-12-19 | 55.34% |
| 2025-12-18 | 55.31% |
| 2025-12-17 | 55.35% |
| 2025-12-16 | 55.34% |
| 2025-12-15 | 55.35% |
| 2025-12-12 | 55.03% |
| 2025-12-11 | 54.99% |
| 2025-12-10 | 55.01% |
| 2025-12-09 | 55.02% |
| 2025-12-08 | 55.03% |
| 2025-12-05 | 55.01% |
| 2025-12-04 | 54.99% |
| 2025-12-03 | 54.99% |
| 2025-12-02 | 55.00% |
| 2025-12-01 | 55.03% |
| 2025-11-28 | 55.00% |
| 2025-11-26 | 55.01% |
| 2025-11-25 | 55.03% |
| 2025-11-24 | 55.00% |
| 2025-11-21 | 55.03% |
| 2025-11-20 | 55.01% |
| 2025-11-19 | 55.01% |
| 2025-11-18 | 55.02% |
| 2025-11-17 | 55.00% |
| 2025-11-14 | 55.01% |
| 2025-11-13 | 55.02% |
| 2025-11-12 | 55.00% |
| 2025-11-11 | 55.00% |
| 2025-11-10 | 55.01% |
| 2025-11-07 | 55.00% |
| 2025-11-06 | 55.02% |
| 2025-11-05 | 55.00% |
| 2025-11-04 | 55.00% |
| 2025-11-03 | 55.01% |
| 2025-10-31 | 55.02% |
| 2025-10-30 | 56.42% |
| 2025-10-29 | 56.45% |
| 2025-10-28 | 56.44% |
| 2025-10-27 | 56.42% |
| 2025-10-24 | 56.43% |
| 2025-10-23 | 56.42% |
| 2025-10-22 | 56.42% |
| 2025-10-21 | 56.43% |
| 2025-10-20 | 56.44% |
| 2025-10-17 | 56.44% |
| 2025-10-16 | 56.45% |
| 2025-10-15 | 56.42% |
| 2025-10-14 | 56.43% |
| 2025-10-13 | 56.41% |
| 2025-10-10 | 56.41% |
| 2025-10-09 | 56.40% |
| 2025-10-08 | 56.41% |
| 2025-10-07 | 56.43% |
| 2025-10-06 | 56.43% |
| 2025-10-03 | 56.43% |
| 2025-10-02 | 56.40% |
| 2025-10-01 | 56.41% |
| 2025-09-30 | 56.43% |
| 2025-09-29 | 56.44% |
| 2025-09-26 | 56.42% |
| 2025-09-25 | 56.42% |
| 2025-09-24 | 56.43% |
| 2025-09-23 | 56.41% |
| 2025-09-22 | 56.40% |
| 2025-09-19 | 56.41% |
| 2025-09-18 | 56.42% |
| 2025-09-17 | 56.44% |
| 2025-09-16 | 56.45% |
| 2025-09-15 | 56.43% |
| 2025-09-12 | 56.08% |
| 2025-09-11 | 56.09% |
| 2025-09-10 | 56.11% |
| 2025-09-09 | 56.08% |
| 2025-09-08 | 56.11% |
| 2025-09-05 | 56.07% |
| 2025-09-04 | 56.09% |
| 2025-09-03 | 56.07% |
| 2025-09-02 | 56.09% |
| 2025-08-29 | 56.07% |
| 2025-08-28 | 56.10% |
| 2025-08-27 | 56.09% |
| 2025-08-26 | 56.09% |
| 2025-08-25 | 56.10% |
| 2025-08-22 | 56.09% |
| 2025-08-21 | 56.09% |
| 2025-08-20 | 56.10% |
| 2025-08-19 | 56.10% |
| 2025-08-18 | 56.11% |
| 2025-08-15 | 56.09% |
| 2025-08-14 | 56.11% |
| 2025-08-13 | 56.07% |
| 2025-08-12 | 56.10% |
| 2025-08-11 | 56.08% |
| 2025-08-08 | 56.10% |
| 2025-08-07 | 56.10% |
| 2025-08-06 | 56.10% |
| 2025-08-05 | 56.07% |
| 2025-08-04 | 56.10% |
| 2025-08-01 | 56.11% |
| 2025-07-31 | 56.90% |
| 2025-07-30 | 56.92% |
| 2025-07-29 | 56.94% |
| 2025-07-28 | 56.92% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 35.7% |
| 2019 | $8.82 | $3.04 | 34.5% |
| 2018 | $7.41 | $2.80 | 37.8% |
| 2017 | $6.07 | $2.28 | 37.6% |
| 2016 | $4.85 | $2.16 | 44.5% |
| 2015 | $4.74 | $4.08 | 86.1% |
| 2014 | $4.68 | $1.76 | 37.6% |
| 2013 | $4.02 | $1.52 | 37.8% |
| 2012 | $3.47 | $2.02 | 58.2% |
| 2011 | $3.01 | $1.24 | 41.2% |
| 2010 | $2.60 | $1.08 | 41.5% |
| 2009 | $1.69 | $1.00 | 59.2% |
| 2008 | $1.89 | $0.96 | 50.8% |
| 2007 | $2.53 | $0.75 | 29.6% |
| 2006 | $2.01 | $0.52 | 25.9% |
| 2005 | $1.65 | $0.49 | 29.4% |
| 2004 | $1.33 | $0.40 | 30.1% |
| 2003 | $0.92 | $0.35 | 38.0% |
| 2002 | $0.79 | $0.33 | 41.1% |
| 2001 | $0.80 | $0.30 | 38.1% |
| 2000 | $1.11 | $0.27 | 24.3% |
| 1999 | $1.00 | $0.22 | 21.5% |
| 1998 | $0.73 | $0.18 | 24.3% |
| 1997 | $0.62 | $0.14 | 22.6% |
| 1996 | $0.43 | $0.11 | 25.9% |
