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 47.85% is 44% above its 5-year average of 33.19%, around the middle of its 5-year range (16.23%–77.93%).
As of Monday, August 3, 2026. 3.46% above its 12-month average of 46.24%.
Dividend Payout Ratio (47.85%) = TTM Dividends/Share ($1.78) / TTM EPS ($3.72)
DIVIDEND PAYOUT RATIO
47.85%
DIVIDEND PAYOUT RATIO AVG TTM
46.24%
DIVIDEND PAYOUT RATIO AVG 3Y
35.99%
DIVIDEND PAYOUT RATIO AVG 5Y
33.19%
DIVIDEND PAYOUT RATIO AVG 10Y
42.48%
DIVIDEND PAYOUT RATIO AVG 15Y
39.30%
DIVIDEND PAYOUT RATIO AVG 20Y
36.10%
CURRENT VS TTM AVG
+3.46%
CURRENT VS 3Y AVG
+32.94%
CURRENT VS 5Y AVG
+44.15%
CURRENT VS 10Y AVG
+12.63%
CURRENT VS 15Y AVG
+21.76%
CURRENT VS 20Y AVG
+32.53%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.72 | $1.70 | 45.7% |
| 2024 | $7.24 | $1.34 | 18.5% |
| 2023 | $6.66 | $1.08 | 16.2% |
| 2022 | $4.32 | $0.90 | 20.8% |
| 2021 | $1.86 | $0.54 | 29.0% |
| 2020 | ($1.08) | $0.70 |
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 |
|---|---|
| 2026-07-31 | 47.85% |
| 2026-07-30 | 47.85% |
| 2026-07-29 | 47.86% |
| 2026-07-28 | 47.86% |
| 2026-07-27 | 47.84% |
| 2026-07-24 | 47.84% |
| 2026-07-23 | 47.85% |
| 2026-07-22 | 47.84% |
| 2026-07-21 | 47.86% |
| 2026-07-20 | 47.86% |
| 2026-07-17 | 47.86% |
| 2026-07-16 | 47.84% |
| 2026-07-15 | 47.85% |
| 2026-07-14 | 47.86% |
| 2026-07-13 | 47.84% |
| 2026-07-10 | 47.86% |
| 2026-07-09 | 47.84% |
| 2026-07-08 | 47.85% |
| 2026-07-07 | 47.86% |
| 2026-07-06 | 47.84% |
| 2026-07-02 | 47.85% |
| 2026-07-01 | 47.86% |
| 2026-06-30 | 47.86% |
| 2026-06-29 | 47.85% |
| 2026-06-26 | 47.84% |
| 2026-06-25 | 47.85% |
| 2026-06-24 | 47.84% |
| 2026-06-23 | 47.85% |
| 2026-06-22 | 47.84% |
| 2026-06-18 | 47.84% |
| 2026-06-17 | 47.85% |
| 2026-06-16 | 47.85% |
| 2026-06-15 | 47.84% |
| 2026-06-12 | 47.84% |
| 2026-06-11 | 47.85% |
| 2026-06-10 | 47.84% |
| 2026-06-09 | 47.85% |
| 2026-06-08 | 47.84% |
| 2026-06-05 | 47.86% |
| 2026-06-04 | 47.84% |
| 2026-06-03 | 47.85% |
| 2026-06-02 | 47.84% |
| 2026-06-01 | 47.84% |
| 2026-05-29 | 47.85% |
| 2026-05-28 | 47.86% |
| 2026-05-27 | 47.84% |
| 2026-05-26 | 47.84% |
| 2026-05-22 | 47.84% |
| 2026-05-21 | 47.84% |
| 2026-05-20 | 47.84% |
| 2026-05-19 | 77.93% |
| 2026-05-18 | 45.70% |
| 2026-05-15 | 45.69% |
| 2026-05-14 | 45.70% |
| 2026-05-13 | 45.71% |
| 2026-05-12 | 45.70% |
| 2026-05-11 | 45.69% |
| 2026-05-08 | 45.70% |
| 2026-05-07 | 45.70% |
| 2026-05-06 | 46.97% |
| 2026-05-05 | 46.97% |
| 2026-05-04 | 46.96% |
| 2026-05-01 | 46.97% |
| 2026-04-30 | 46.96% |
| 2026-04-29 | 46.95% |
| 2026-04-28 | 46.95% |
| 2026-04-27 | 46.95% |
| 2026-04-24 | 46.95% |
| 2026-04-23 | 46.96% |
| 2026-04-22 | 46.96% |
| 2026-04-21 | 46.96% |
| 2026-04-20 | 46.98% |
| 2026-04-17 | 46.96% |
| 2026-04-16 | 46.95% |
| 2026-04-15 | 46.96% |
| 2026-04-14 | 46.97% |
| 2026-04-13 | 46.96% |
| 2026-04-10 | 46.95% |
| 2026-04-09 | 46.96% |
| 2026-04-08 | 46.96% |
| 2026-04-07 | 46.97% |
| 2026-04-06 | 46.97% |
| 2026-04-02 | 46.95% |
| 2026-04-01 | 46.96% |
| 2026-03-31 | 46.96% |
| 2026-03-30 | 46.96% |
| 2026-03-27 | 46.95% |
| 2026-03-26 | 46.95% |
| 2026-03-25 | 46.97% |
| 2026-03-24 | 46.96% |
| 2026-03-23 | 46.97% |
| 2026-03-20 | 46.96% |
| 2026-03-19 | 46.96% |
| 2026-03-18 | 46.97% |
| 2026-03-17 | 46.96% |
| 2026-03-16 | 46.95% |
| 2026-03-13 | 46.95% |
| 2026-03-12 | 46.96% |
| 2026-03-11 | 46.95% |
| 2026-03-10 | 46.96% |
| 2026-03-09 | 46.96% |
| 2026-03-06 | 46.96% |
| 2026-03-05 | 46.98% |
| 2026-03-04 | 46.97% |
| 2026-03-03 | 46.95% |
| 2026-03-02 | 46.96% |
| 2026-02-27 | 46.97% |
| 2026-02-26 | 46.96% |
| 2026-02-25 | 46.96% |
| 2026-02-24 | 46.96% |
| 2026-02-23 | 46.97% |
| 2026-02-20 | 46.97% |
| 2026-02-19 | 46.97% |
| 2026-02-18 | 45.94% |
| 2026-02-17 | 45.96% |
| 2026-02-13 | 45.94% |
| 2026-02-12 | 45.93% |
| 2026-02-11 | 45.95% |
| 2026-02-10 | 45.95% |
| 2026-02-09 | 45.94% |
| 2026-02-06 | 45.95% |
| 2026-02-05 | 45.93% |
| 2026-02-04 | 45.94% |
| 2026-02-03 | 45.93% |
| 2026-02-02 | 45.93% |
| 2026-01-30 | 45.93% |
| 2026-01-29 | 45.95% |
| 2026-01-28 | 45.95% |
| 2026-01-27 | 45.95% |
| 2026-01-26 | 45.93% |
| 2026-01-23 | 45.95% |
| 2026-01-22 | 45.95% |
| 2026-01-21 | 45.95% |
| 2026-01-20 | 45.96% |
| 2026-01-16 | 45.93% |
| 2026-01-15 | 45.94% |
| 2026-01-14 | 45.93% |
| 2026-01-13 | 45.96% |
| 2026-01-12 | 45.95% |
| 2026-01-09 | 45.95% |
| 2026-01-08 | 45.93% |
| 2026-01-07 | 45.94% |
| 2026-01-06 | 45.95% |
| 2026-01-05 | 45.94% |
| 2026-01-02 | 45.95% |
| 2025-12-31 | 45.94% |
| 2025-12-30 | 45.96% |
| 2025-12-29 | 45.93% |
| 2025-12-26 | 45.95% |
| 2025-12-24 | 45.96% |
| 2025-12-23 | 45.95% |
| 2025-12-22 | 45.93% |
| 2025-12-19 | 45.97% |
| 2025-12-18 | 45.97% |
| 2025-12-17 | 45.96% |
| 2025-12-16 | 45.93% |
| 2025-12-15 | 45.95% |
| 2025-12-12 | 45.95% |
| 2025-12-11 | 45.95% |
| 2025-12-10 | 45.96% |
| 2025-12-09 | 45.93% |
| 2025-12-08 | 45.97% |
| 2025-12-05 | 45.95% |
| 2025-12-04 | 45.93% |
| 2025-12-03 | 45.93% |
| 2025-12-02 | 45.93% |
| 2025-12-01 | 45.93% |
| 2025-11-28 | 45.94% |
| 2025-11-26 | 45.96% |
| 2025-11-25 | 45.95% |
| 2025-11-24 | 30.26% |
| 2025-11-21 | 30.28% |
| 2025-11-20 | 30.28% |
| 2025-11-19 | 30.27% |
| 2025-11-18 | 44.85% |
| 2025-11-17 | 44.87% |
| 2025-11-14 | 44.85% |
| 2025-11-13 | 44.86% |
| 2025-11-12 | 44.87% |
| 2025-11-11 | 44.88% |
| 2025-11-10 | 44.86% |
| 2025-11-07 | 44.87% |
| 2025-11-06 | 44.85% |
| 2025-11-05 | 44.86% |
| 2025-11-04 | 44.87% |
| 2025-11-03 | 44.87% |
| 2025-10-31 | 44.88% |
| 2025-10-30 | 44.85% |
| 2025-10-29 | 44.86% |
| 2025-10-28 | 44.87% |
| 2025-10-27 | 44.87% |
| 2025-10-24 | 44.85% |
| 2025-10-23 | 44.88% |
| 2025-10-22 | 44.88% |
| 2025-10-21 | 44.86% |
| 2025-10-20 | 44.86% |
| 2025-10-17 | 44.88% |
| 2025-10-16 | 44.88% |
| 2025-10-15 | 44.84% |
| 2025-10-14 | 44.87% |
| 2025-10-13 | 44.87% |
| 2025-10-10 | 44.89% |
| 2025-10-09 | 44.87% |
| 2025-10-08 | 44.85% |
| 2025-10-07 | 44.87% |
| 2025-10-06 | 44.88% |
| 2025-10-03 | 44.85% |
| 2025-10-02 | 44.86% |
| 2025-10-01 | 44.87% |
| 2025-09-30 | 44.88% |
| 2025-09-29 | 44.84% |
| 2025-09-26 | 45.11% |
| 2025-09-25 | 45.10% |
| 2025-09-24 | 45.09% |
| 2025-09-23 | 45.13% |
| 2025-09-22 | 45.12% |
| 2025-09-19 | 45.11% |
| 2025-09-18 | 45.09% |
| 2025-09-17 | 45.11% |
| 2025-09-16 | 45.10% |
| 2025-09-15 | 45.11% |
| 2025-09-12 | 45.13% |
| 2025-09-11 | 45.11% |
| 2025-09-10 | 45.13% |
| 2025-09-09 | 45.12% |
| 2025-09-08 | 45.10% |
| 2025-09-05 | 45.12% |
| 2025-09-04 | 45.11% |
| 2025-09-03 | 45.11% |
| 2025-09-02 | 45.09% |
| 2025-08-29 | 45.09% |
| 2025-08-28 | 45.13% |
| 2025-08-27 | 45.12% |
| 2025-08-26 | 45.10% |
| 2025-08-25 | 45.12% |
| 2025-08-22 | 45.09% |
| 2025-08-21 | 45.11% |
| 2025-08-20 | 45.09% |
| 2025-08-19 | 45.10% |
| 2025-08-18 | 45.10% |
| 2025-08-15 | 45.12% |
| 2025-08-14 | 45.13% |
| 2025-08-13 | 45.09% |
| 2025-08-12 | 45.10% |
| 2025-08-11 | 45.09% |
| 2025-08-08 | 45.09% |
| 2025-08-07 | 45.09% |
| 2025-08-06 | 45.11% |
| 2025-08-05 | 45.10% |
| 2025-08-04 | 45.10% |
| 2025-08-01 | 45.12% |
| 2025-07-31 | 45.09% |
| 2025-07-30 | 45.12% |
| 2025-07-29 | 45.12% |
| 2025-07-28 | 45.09% |
| 2025-07-25 | 45.13% |
| 2025-07-24 | 45.11% |
| 2025-07-23 | 45.09% |
| 2025-07-22 | 45.09% |
| 2025-07-21 | 45.09% |
Showing the most recent 260 of 2,370 data points. The chart above shows the full history.
| N/A (Loss) |
| 2019 | $1.26 | $0.82 | 65.1% |
| 2018 | $1.48 | $0.82 | 55.4% |
| 2017 | $0.92 | $0.82 | 89.1% |
| 2016 | $0.10 | $0.86 | 860.0% |
| 2015 | ($0.14) | $0.90 | N/A (Loss) |
| 2014 | $1.96 | $0.90 | 45.9% |
| 2013 | $2.62 | $0.86 | 32.8% |
| 2012 | $2.88 | $0.76 | 26.4% |
| 2011 | $2.26 | $0.68 | 30.1% |
| 2010 | $1.90 | $0.68 | 35.8% |
| 2009 | $1.96 | $0.86 | 43.9% |
| 2008 | $3.60 | $0.76 | 21.1% |
| 2007 | $3.26 | $0.86 | 26.4% |
| 2006 | $3.30 | $0.35 | 10.5% |
| 2005 | $2.16 | $0.59 | 27.4% |
| 2004 | $1.32 | $0.23 | 17.3% |
| 2003 | $0.36 | $0.20 | 55.0% |
| 2002 | $0.26 | $0.00 | 0.0% |
| 2001 | $0.22 | $0.00 | 0.0% |
