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 86.33% is in line with its 5-year average of 78.96%, around the middle of its 5-year range (37.71%–126.76%).
As of Friday, September 4, 2026. 13.29% below its 12-month average of 99.56%.
Dividend Payout Ratio (86.33%) = TTM Dividends/Share ($5.68) / TTM EPS ($6.58)
DIVIDEND PAYOUT RATIO
86.33%
DIVIDEND PAYOUT RATIO AVG TTM
99.56%
DIVIDEND PAYOUT RATIO AVG 3Y
92.87%
DIVIDEND PAYOUT RATIO AVG 5Y
78.96%
DIVIDEND PAYOUT RATIO AVG 10Y
69.29%
DIVIDEND PAYOUT RATIO AVG 15Y
57.42%
DIVIDEND PAYOUT RATIO AVG 20Y
49.85%
CURRENT VS TTM AVG
-13.29%
CURRENT VS 3Y AVG
-7.05%
CURRENT VS 5Y AVG
+9.34%
CURRENT VS 10Y AVG
+24.59%
CURRENT VS 15Y AVG
+50.35%
CURRENT VS 20Y AVG
+73.20%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $5.45 | $5.50 | 100.9% |
| 2024-12-31 | $5.24 | $5.26 | 100.4% |
| 2023-12-31 | $7.13 | $5.02 | 70.4% |
| 2022-12-31 | $9.51 | $4.69 | 49.3% |
| 2021-12-31 | $8.38 | $4.21 | 50.2% |
| 2020-12-31 | $6.05 |
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 |
|---|---|
| 2026-09-04 | 86.33% |
| 2026-09-03 | 86.33% |
| 2026-09-02 | 86.31% |
| 2026-09-01 | 86.32% |
| 2026-08-31 | 86.32% |
| 2026-08-28 | 86.33% |
| 2026-08-27 | 86.33% |
| 2026-08-26 | 86.32% |
| 2026-08-25 | 86.32% |
| 2026-08-24 | 86.32% |
| 2026-08-21 | 86.33% |
| 2026-08-20 | 86.31% |
| 2026-08-19 | 86.33% |
| 2026-08-18 | 86.31% |
| 2026-08-17 | 86.33% |
| 2026-08-14 | 86.32% |
| 2026-08-13 | 86.31% |
| 2026-08-12 | 86.31% |
| 2026-08-11 | 86.32% |
| 2026-08-10 | 86.32% |
| 2026-08-07 | 86.33% |
| 2026-08-06 | 86.32% |
| 2026-08-05 | 86.33% |
| 2026-08-04 | 86.31% |
| 2026-08-03 | 86.33% |
| 2026-07-31 | 86.33% |
| 2026-07-30 | 85.40% |
| 2026-07-29 | 85.41% |
| 2026-07-28 | 85.41% |
| 2026-07-27 | 85.40% |
| 2026-07-24 | 85.41% |
| 2026-07-23 | 96.08% |
| 2026-07-22 | 96.07% |
| 2026-07-21 | 96.06% |
| 2026-07-20 | 96.07% |
| 2026-07-17 | 96.07% |
| 2026-07-16 | 96.07% |
| 2026-07-15 | 96.08% |
| 2026-07-14 | 96.07% |
| 2026-07-13 | 96.07% |
| 2026-07-10 | 96.07% |
| 2026-07-09 | 96.07% |
| 2026-07-08 | 96.07% |
| 2026-07-07 | 96.07% |
| 2026-07-06 | 96.07% |
| 2026-07-02 | 96.07% |
| 2026-07-01 | 96.07% |
| 2026-06-30 | 96.06% |
| 2026-06-29 | 96.07% |
| 2026-06-26 | 96.07% |
| 2026-06-25 | 96.07% |
| 2026-06-24 | 96.06% |
| 2026-06-23 | 96.07% |
| 2026-06-22 | 96.07% |
| 2026-06-18 | 96.07% |
| 2026-06-17 | 96.06% |
| 2026-06-16 | 96.07% |
| 2026-06-15 | 96.06% |
| 2026-06-12 | 96.06% |
| 2026-06-11 | 96.08% |
| 2026-06-10 | 96.07% |
| 2026-06-09 | 96.07% |
| 2026-06-08 | 96.08% |
| 2026-06-05 | 96.07% |
| 2026-06-04 | 96.07% |
| 2026-06-03 | 96.07% |
| 2026-06-02 | 96.07% |
| 2026-06-01 | 96.07% |
| 2026-05-29 | 96.06% |
| 2026-05-28 | 96.07% |
| 2026-05-27 | 96.06% |
| 2026-05-26 | 96.07% |
| 2026-05-22 | 96.07% |
| 2026-05-21 | 96.07% |
| 2026-05-20 | 96.08% |
| 2026-05-19 | 96.07% |
| 2026-05-18 | 96.06% |
| 2026-05-15 | 96.07% |
| 2026-05-14 | 96.07% |
| 2026-05-13 | 96.08% |
| 2026-05-12 | 96.08% |
| 2026-05-11 | 96.07% |
| 2026-05-08 | 96.08% |
| 2026-05-07 | 96.07% |
| 2026-05-06 | 96.07% |
| 2026-05-05 | 96.06% |
| 2026-05-04 | 71.80% |
| 2026-05-01 | 71.80% |
| 2026-04-30 | 71.80% |
| 2026-04-29 | 95.04% |
| 2026-04-28 | 95.04% |
| 2026-04-27 | 95.05% |
| 2026-04-24 | 95.03% |
| 2026-04-23 | 102.20% |
| 2026-04-22 | 102.21% |
| 2026-04-21 | 102.21% |
| 2026-04-20 | 102.21% |
| 2026-04-17 | 102.21% |
| 2026-04-16 | 102.20% |
| 2026-04-15 | 102.21% |
| 2026-04-14 | 102.20% |
| 2026-04-13 | 102.22% |
| 2026-04-10 | 102.20% |
| 2026-04-09 | 102.21% |
| 2026-04-08 | 102.20% |
| 2026-04-07 | 102.21% |
| 2026-04-06 | 102.21% |
| 2026-04-02 | 102.20% |
| 2026-04-01 | 102.19% |
| 2026-03-31 | 102.21% |
| 2026-03-30 | 102.21% |
| 2026-03-27 | 102.21% |
| 2026-03-26 | 102.20% |
| 2026-03-25 | 102.20% |
| 2026-03-24 | 102.21% |
| 2026-03-23 | 102.19% |
| 2026-03-20 | 102.21% |
| 2026-03-19 | 102.20% |
| 2026-03-18 | 102.21% |
| 2026-03-17 | 102.19% |
| 2026-03-16 | 102.22% |
| 2026-03-13 | 102.21% |
| 2026-03-12 | 102.22% |
| 2026-03-11 | 102.21% |
| 2026-03-10 | 102.21% |
| 2026-03-09 | 102.22% |
| 2026-03-06 | 102.21% |
| 2026-03-05 | 102.20% |
| 2026-03-04 | 102.19% |
| 2026-03-03 | 102.22% |
| 2026-03-02 | 102.21% |
| 2026-02-27 | 102.20% |
| 2026-02-26 | 102.22% |
| 2026-02-25 | 102.21% |
| 2026-02-24 | 102.21% |
| 2026-02-23 | 102.22% |
| 2026-02-20 | 102.20% |
| 2026-02-19 | 102.20% |
| 2026-02-18 | 102.20% |
| 2026-02-17 | 102.21% |
| 2026-02-13 | 102.20% |
| 2026-02-12 | 102.20% |
| 2026-02-11 | 102.21% |
| 2026-02-10 | 102.21% |
| 2026-02-09 | 102.22% |
| 2026-02-06 | 102.22% |
| 2026-02-05 | 101.65% |
| 2026-02-04 | 101.64% |
| 2026-02-03 | 101.64% |
| 2026-02-02 | 101.66% |
| 2026-01-30 | 126.52% |
| 2026-01-29 | 100.55% |
| 2026-01-28 | 100.55% |
| 2026-01-27 | 100.56% |
| 2026-01-26 | 100.55% |
| 2026-01-23 | 100.55% |
| 2026-01-22 | 100.56% |
| 2026-01-21 | 100.55% |
| 2026-01-20 | 100.55% |
| 2026-01-16 | 100.54% |
| 2026-01-15 | 100.54% |
| 2026-01-14 | 100.56% |
| 2026-01-13 | 100.56% |
| 2026-01-12 | 100.53% |
| 2026-01-09 | 100.54% |
| 2026-01-08 | 100.54% |
| 2026-01-07 | 100.55% |
| 2026-01-06 | 100.55% |
| 2026-01-05 | 100.55% |
| 2026-01-02 | 100.54% |
| 2025-12-31 | 100.56% |
| 2025-12-30 | 100.55% |
| 2025-12-29 | 100.55% |
| 2025-12-26 | 100.56% |
| 2025-12-24 | 100.54% |
| 2025-12-23 | 100.54% |
| 2025-12-22 | 100.55% |
| 2025-12-19 | 100.55% |
| 2025-12-18 | 100.55% |
| 2025-12-17 | 100.55% |
| 2025-12-16 | 100.55% |
| 2025-12-15 | 100.56% |
| 2025-12-12 | 100.55% |
| 2025-12-11 | 100.54% |
| 2025-12-10 | 100.54% |
| 2025-12-09 | 100.55% |
| 2025-12-08 | 100.55% |
| 2025-12-05 | 100.55% |
| 2025-12-04 | 100.55% |
| 2025-12-03 | 100.54% |
| 2025-12-02 | 100.55% |
| 2025-12-01 | 100.54% |
| 2025-11-28 | 100.54% |
| 2025-11-26 | 100.55% |
| 2025-11-25 | 100.53% |
| 2025-11-24 | 100.55% |
| 2025-11-21 | 100.55% |
| 2025-11-20 | 100.54% |
| 2025-11-19 | 100.55% |
| 2025-11-18 | 100.55% |
| 2025-11-17 | 100.53% |
| 2025-11-14 | 100.56% |
| 2025-11-13 | 100.55% |
| 2025-11-12 | 100.56% |
| 2025-11-11 | 100.54% |
| 2025-11-10 | 100.56% |
| 2025-11-07 | 100.55% |
| 2025-11-06 | 100.54% |
| 2025-11-05 | 100.54% |
| 2025-11-04 | 100.54% |
| 2025-11-03 | 100.56% |
| 2025-10-31 | 100.56% |
| 2025-10-30 | 99.44% |
| 2025-10-29 | 99.46% |
| 2025-10-28 | 99.44% |
| 2025-10-27 | 99.45% |
| 2025-10-24 | 99.45% |
| 2025-10-23 | 99.45% |
| 2025-10-22 | 99.65% |
| 2025-10-21 | 99.63% |
| 2025-10-20 | 99.63% |
| 2025-10-17 | 99.63% |
| 2025-10-16 | 99.64% |
| 2025-10-15 | 99.63% |
| 2025-10-14 | 99.64% |
| 2025-10-13 | 99.63% |
| 2025-10-10 | 99.64% |
| 2025-10-09 | 99.64% |
| 2025-10-08 | 99.63% |
| 2025-10-07 | 99.64% |
| 2025-10-06 | 99.64% |
| 2025-10-03 | 99.65% |
| 2025-10-02 | 99.63% |
| 2025-10-01 | 99.64% |
| 2025-09-30 | 99.63% |
| 2025-09-29 | 99.64% |
| 2025-09-26 | 99.63% |
| 2025-09-25 | 99.63% |
| 2025-09-24 | 99.63% |
| 2025-09-23 | 99.63% |
| 2025-09-22 | 99.64% |
| 2025-09-19 | 99.63% |
| 2025-09-18 | 99.62% |
| 2025-09-17 | 99.63% |
| 2025-09-16 | 99.62% |
| 2025-09-15 | 99.64% |
| 2025-09-12 | 99.62% |
| 2025-09-11 | 99.62% |
| 2025-09-10 | 99.63% |
| 2025-09-09 | 99.64% |
| 2025-09-08 | 99.63% |
| 2025-09-05 | 99.64% |
| 2025-09-04 | 99.63% |
| 2025-09-03 | 99.63% |
| 2025-09-02 | 99.65% |
| 2025-08-29 | 99.62% |
| 2025-08-28 | 99.64% |
| 2025-08-27 | 99.63% |
| 2025-08-26 | 99.65% |
| 2025-08-25 | 99.62% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $3.72 |
| 61.5% |
| 2019-12-31 | $5.33 | $3.21 | 60.2% |
| 2018-12-31 | $5.71 | $2.63 | 46.1% |
| 2017-12-31 | $3.68 | $2.12 | 57.6% |
| 2016-12-31 | $3.54 | $1.64 | 46.3% |
| 2015-12-31 | $2.86 | $1.40 | 49.0% |
| 2014-12-31 | $2.61 | $1.24 | 47.5% |
| 2013-12-31 | $1.94 | $1.07 | 55.2% |
| 2012-12-31 | $1.53 | $0.72 | 47.1% |
| 2011-12-31 | $1.91 | $0.56 | 29.3% |
| 2010-12-31 | $2.66 | $0.49 | 18.4% |
| 2009-12-31 | $1.16 | $0.45 | 38.8% |
| 2008-12-31 | $1.47 | $0.41 | 27.9% |
| 2007-12-31 | $1.88 | $0.30 | 16.0% |
| 2006-12-31 | $2.84 | $0.13 | 4.6% |
| 2005-12-31 | $1.42 | $0.11 | 7.4% |
| 2004-12-31 | $1.08 | $0.09 | 8.4% |
| 2003-12-31 | $0.62 | $0.09 | 14.0% |
| 2002-12-31 | ($0.20) | $0.09 | N/A (Loss) |
| 2001-12-31 | ($0.12) | $0.09 | N/A (Loss) |
| 2000-12-31 | $1.78 | $0.09 | 4.8% |
| 1999-12-31 | $0.86 | $0.09 | 9.9% |
| 1998-12-31 | $0.26 | $0.06 | 24.5% |
| 1997-12-31 | $1.17 | $0.09 | 7.3% |
| 1996-12-31 | $0.05 | $0.09 | 170.0% |
