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 46.07% is 15% above its 5-year average of 39.98%, around the middle of its 5-year range (24.50%–57.34%).
As of Wednesday, July 29, 2026. 3.39% above its 12-month average of 44.56%.
Dividend Payout Ratio (46.07%) = TTM Dividends/Share ($0.94) / TTM EPS ($2.04)
DIVIDEND PAYOUT RATIO
46.07%
DIVIDEND PAYOUT RATIO AVG TTM
44.56%
DIVIDEND PAYOUT RATIO AVG 3Y
43.35%
DIVIDEND PAYOUT RATIO AVG 5Y
42.02%
DIVIDEND PAYOUT RATIO AVG 10Y
34.95%
DIVIDEND PAYOUT RATIO AVG 15Y
30.72%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+3.39%
CURRENT VS 3Y AVG
+6.29%
CURRENT VS 5Y AVG
+9.63%
CURRENT VS 10Y AVG
+31.83%
CURRENT VS 15Y AVG
+49.97%
CURRENT VS 20Y AVG
N/A
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $2.07 | $0.92 | 44.4% |
| 2024 | $2.05 | $0.88 | 42.9% |
| 2023 | $2.03 | $0.82 | 40.6% |
| 2022 | $1.96 | $0.74 | 37.6% |
| 2021 | $1.74 | $0.42 | 23.9% |
| 2020 | $1.29 | $0.30 |
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 |
|---|---|
| 2026-07-28 | 46.07% |
| 2026-07-27 | 46.08% |
| 2026-07-24 | 46.09% |
| 2026-07-23 | 46.07% |
| 2026-07-22 | 46.07% |
| 2026-07-21 | 46.08% |
| 2026-07-20 | 46.07% |
| 2026-07-17 | 46.09% |
| 2026-07-16 | 46.08% |
| 2026-07-15 | 46.08% |
| 2026-07-14 | 46.09% |
| 2026-07-13 | 46.07% |
| 2026-07-10 | 46.09% |
| 2026-07-09 | 46.06% |
| 2026-07-08 | 46.08% |
| 2026-07-07 | 46.09% |
| 2026-07-06 | 46.07% |
| 2026-07-02 | 46.08% |
| 2026-07-01 | 46.07% |
| 2026-06-30 | 46.09% |
| 2026-06-29 | 46.07% |
| 2026-06-26 | 46.08% |
| 2026-06-25 | 46.07% |
| 2026-06-24 | 46.09% |
| 2026-06-23 | 46.08% |
| 2026-06-22 | 46.07% |
| 2026-06-18 | 46.07% |
| 2026-06-17 | 46.07% |
| 2026-06-16 | 46.08% |
| 2026-06-15 | 46.09% |
| 2026-06-12 | 46.08% |
| 2026-06-11 | 46.07% |
| 2026-06-10 | 46.07% |
| 2026-06-09 | 46.09% |
| 2026-06-08 | 46.06% |
| 2026-06-05 | 46.08% |
| 2026-06-04 | 46.09% |
| 2026-06-03 | 46.06% |
| 2026-06-02 | 46.08% |
| 2026-06-01 | 46.08% |
| 2026-05-29 | 46.09% |
| 2026-05-28 | 46.09% |
| 2026-05-27 | 57.34% |
| 2026-05-26 | 45.59% |
| 2026-05-22 | 45.59% |
| 2026-05-21 | 45.57% |
| 2026-05-20 | 45.58% |
| 2026-05-19 | 45.57% |
| 2026-05-18 | 45.59% |
| 2026-05-15 | 45.60% |
| 2026-05-14 | 45.60% |
| 2026-05-13 | 45.58% |
| 2026-05-12 | 45.60% |
| 2026-05-11 | 45.59% |
| 2026-05-08 | 45.57% |
| 2026-05-07 | 45.59% |
| 2026-05-06 | 44.91% |
| 2026-05-05 | 44.93% |
| 2026-05-04 | 44.93% |
| 2026-05-01 | 44.92% |
| 2026-04-30 | 44.94% |
| 2026-04-29 | 44.94% |
| 2026-04-28 | 44.92% |
| 2026-04-27 | 44.92% |
| 2026-04-24 | 44.93% |
| 2026-04-23 | 44.93% |
| 2026-04-22 | 44.92% |
| 2026-04-21 | 44.94% |
| 2026-04-20 | 44.93% |
| 2026-04-17 | 44.92% |
| 2026-04-16 | 44.93% |
| 2026-04-15 | 44.93% |
| 2026-04-14 | 44.93% |
| 2026-04-13 | 44.92% |
| 2026-04-10 | 44.92% |
| 2026-04-09 | 44.93% |
| 2026-04-08 | 44.92% |
| 2026-04-07 | 44.92% |
| 2026-04-06 | 44.93% |
| 2026-04-02 | 44.93% |
| 2026-04-01 | 44.92% |
| 2026-03-31 | 44.92% |
| 2026-03-30 | 44.93% |
| 2026-03-27 | 44.94% |
| 2026-03-26 | 44.93% |
| 2026-03-25 | 44.92% |
| 2026-03-24 | 44.94% |
| 2026-03-23 | 44.92% |
| 2026-03-20 | 44.93% |
| 2026-03-19 | 44.93% |
| 2026-03-18 | 44.93% |
| 2026-03-17 | 44.93% |
| 2026-03-16 | 44.94% |
| 2026-03-13 | 44.93% |
| 2026-03-12 | 44.93% |
| 2026-03-11 | 44.93% |
| 2026-03-10 | 44.93% |
| 2026-03-09 | 44.93% |
| 2026-03-06 | 44.92% |
| 2026-03-05 | 44.93% |
| 2026-03-04 | 44.93% |
| 2026-03-03 | 44.93% |
| 2026-03-02 | 44.93% |
| 2026-02-27 | 44.92% |
| 2026-02-26 | 44.92% |
| 2026-02-25 | 56.04% |
| 2026-02-24 | 56.03% |
| 2026-02-23 | 44.44% |
| 2026-02-20 | 44.44% |
| 2026-02-19 | 44.44% |
| 2026-02-18 | 44.23% |
| 2026-02-17 | 44.23% |
| 2026-02-13 | 44.24% |
| 2026-02-12 | 44.23% |
| 2026-02-11 | 44.24% |
| 2026-02-10 | 44.24% |
| 2026-02-09 | 44.24% |
| 2026-02-06 | 44.24% |
| 2026-02-05 | 44.23% |
| 2026-02-04 | 44.24% |
| 2026-02-03 | 44.24% |
| 2026-02-02 | 44.23% |
| 2026-01-30 | 44.23% |
| 2026-01-29 | 44.23% |
| 2026-01-28 | 44.23% |
| 2026-01-27 | 44.23% |
| 2026-01-26 | 44.23% |
| 2026-01-23 | 44.23% |
| 2026-01-22 | 44.23% |
| 2026-01-21 | 44.23% |
| 2026-01-20 | 44.22% |
| 2026-01-16 | 44.22% |
| 2026-01-15 | 44.23% |
| 2026-01-14 | 44.24% |
| 2026-01-13 | 44.22% |
| 2026-01-12 | 44.24% |
| 2026-01-09 | 44.22% |
| 2026-01-08 | 44.23% |
| 2026-01-07 | 44.24% |
| 2026-01-06 | 44.24% |
| 2026-01-05 | 44.24% |
| 2026-01-02 | 44.24% |
| 2025-12-31 | 44.22% |
| 2025-12-30 | 44.23% |
| 2025-12-29 | 44.23% |
| 2025-12-26 | 44.24% |
| 2025-12-24 | 44.23% |
| 2025-12-23 | 44.23% |
| 2025-12-22 | 44.24% |
| 2025-12-19 | 44.23% |
| 2025-12-18 | 44.23% |
| 2025-12-17 | 44.24% |
| 2025-12-16 | 44.23% |
| 2025-12-15 | 44.24% |
| 2025-12-12 | 44.24% |
| 2025-12-11 | 44.23% |
| 2025-12-10 | 44.22% |
| 2025-12-09 | 44.23% |
| 2025-12-08 | 44.22% |
| 2025-12-05 | 44.23% |
| 2025-12-04 | 44.22% |
| 2025-12-03 | 44.24% |
| 2025-12-02 | 44.24% |
| 2025-12-01 | 44.23% |
| 2025-11-28 | 44.24% |
| 2025-11-26 | 44.22% |
| 2025-11-25 | 44.22% |
| 2025-11-24 | 54.82% |
| 2025-11-21 | 43.75% |
| 2025-11-20 | 43.75% |
| 2025-11-19 | 43.75% |
| 2025-11-18 | 43.76% |
| 2025-11-17 | 43.75% |
| 2025-11-14 | 43.74% |
| 2025-11-13 | 43.75% |
| 2025-11-12 | 43.74% |
| 2025-11-11 | 43.74% |
| 2025-11-10 | 43.74% |
| 2025-11-07 | 43.75% |
| 2025-11-06 | 43.75% |
| 2025-11-05 | 44.61% |
| 2025-11-04 | 44.60% |
| 2025-11-03 | 44.61% |
| 2025-10-31 | 44.60% |
| 2025-10-30 | 44.61% |
| 2025-10-29 | 44.61% |
| 2025-10-28 | 44.61% |
| 2025-10-27 | 44.60% |
| 2025-10-24 | 44.61% |
| 2025-10-23 | 44.60% |
| 2025-10-22 | 44.61% |
| 2025-10-21 | 44.61% |
| 2025-10-20 | 44.60% |
| 2025-10-17 | 44.61% |
| 2025-10-16 | 44.61% |
| 2025-10-15 | 44.61% |
| 2025-10-14 | 44.61% |
| 2025-10-13 | 44.61% |
| 2025-10-10 | 44.61% |
| 2025-10-09 | 44.61% |
| 2025-10-08 | 44.61% |
| 2025-10-07 | 44.61% |
| 2025-10-06 | 44.61% |
| 2025-10-03 | 44.61% |
| 2025-10-02 | 44.60% |
| 2025-10-01 | 44.60% |
| 2025-09-30 | 44.61% |
| 2025-09-29 | 44.61% |
| 2025-09-26 | 44.61% |
| 2025-09-25 | 44.61% |
| 2025-09-24 | 44.60% |
| 2025-09-23 | 44.61% |
| 2025-09-22 | 44.61% |
| 2025-09-19 | 44.62% |
| 2025-09-18 | 44.61% |
| 2025-09-17 | 44.61% |
| 2025-09-16 | 44.61% |
| 2025-09-15 | 44.61% |
| 2025-09-12 | 44.61% |
| 2025-09-11 | 44.61% |
| 2025-09-10 | 44.60% |
| 2025-09-09 | 44.61% |
| 2025-09-08 | 44.61% |
| 2025-09-05 | 44.61% |
| 2025-09-04 | 44.61% |
| 2025-09-03 | 44.61% |
| 2025-09-02 | 44.61% |
| 2025-08-29 | 44.60% |
| 2025-08-28 | 44.61% |
| 2025-08-27 | 44.61% |
| 2025-08-26 | 44.61% |
| 2025-08-25 | 55.40% |
| 2025-08-22 | 44.12% |
| 2025-08-21 | 44.11% |
| 2025-08-20 | 44.12% |
| 2025-08-19 | 44.12% |
| 2025-08-18 | 44.12% |
| 2025-08-15 | 44.11% |
| 2025-08-14 | 44.12% |
| 2025-08-13 | 44.12% |
| 2025-08-12 | 44.12% |
| 2025-08-11 | 44.12% |
| 2025-08-08 | 44.12% |
| 2025-08-07 | 44.12% |
| 2025-08-06 | 44.65% |
| 2025-08-05 | 44.65% |
| 2025-08-04 | 44.64% |
| 2025-08-01 | 44.65% |
| 2025-07-31 | 44.64% |
| 2025-07-30 | 44.65% |
| 2025-07-29 | 44.64% |
| 2025-07-28 | 44.64% |
| 2025-07-25 | 44.64% |
| 2025-07-24 | 44.64% |
| 2025-07-23 | 44.64% |
| 2025-07-22 | 44.65% |
| 2025-07-21 | 44.65% |
| 2025-07-18 | 44.65% |
| 2025-07-17 | 44.64% |
| 2025-07-16 | 44.65% |
Showing the most recent 260 of 2,198 data points. The chart above shows the full history.
| 23.3% |
| 2019 | $0.94 | $0.27 | 28.9% |
| 2018 | $0.87 | $0.24 | 27.6% |
| 2017 | $0.66 | $0.21 | 31.7% |
| 2016 | $0.66 | $0.18 | 28.0% |
| 2015 | $0.61 | $0.15 | 25.1% |
| 2014 | $0.54 | $0.12 | 22.7% |
| 2013 | $0.47 | $0.10 | 20.9% |
| 2012 | $0.39 | $0.07 | 18.5% |
| 2011 | $0.31 | $0.04 | 13.9% |
| 2010 | $0.23 | $0.03 | 12.1% |
| 2009 | $0.16 | $0.00 | 0.0% |
| 2008 | $0.11 | $0.00 | 0.0% |
| 2007 | $0.12 | $0.00 | 0.0% |
| 2006 | $0.11 | $0.00 | 0.0% |
| 2005 | $0.11 | $0.00 | 0.0% |
| 2004 | $0.08 | $0.00 | 0.0% |
| 2003 | $0.08 | $0.00 | 0.0% |
| 2002 | $0.03 | $0.00 | 0.0% |
| 2001 | $0.04 | $0.00 | 0.0% |
| 2000 | $0.02 | $0.00 | 0.0% |
| 1999 | $0.03 | $0.00 | 0.0% |
| 1998 | $0.02 | $0.00 | 0.0% |
| 1997 | $0.02 | $0.00 | 0.0% |
| 1996 | $0.02 | $0.00 | 0.0% |
