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 45.02% is in line with its 5-year average of 46.59%, around the middle of its 5-year range (33.29%–62.39%).
As of Friday, September 4, 2026. 1.62% below its 12-month average of 45.76%.
Dividend Payout Ratio (45.02%) = TTM Dividends/Share ($5.56) / TTM EPS ($12.35)
DIVIDEND PAYOUT RATIO
45.02%
DIVIDEND PAYOUT RATIO AVG TTM
45.76%
DIVIDEND PAYOUT RATIO AVG 3Y
47.21%
DIVIDEND PAYOUT RATIO AVG 5Y
46.59%
DIVIDEND PAYOUT RATIO AVG 10Y
45.88%
DIVIDEND PAYOUT RATIO AVG 15Y
40.49%
DIVIDEND PAYOUT RATIO AVG 20Y
36.62%
CURRENT VS TTM AVG
-1.62%
CURRENT VS 3Y AVG
-4.65%
CURRENT VS 5Y AVG
-3.38%
CURRENT VS 10Y AVG
-1.89%
CURRENT VS 15Y AVG
+11.18%
CURRENT VS 20Y AVG
+22.94%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $12.01 | $5.44 | 45.3% |
| 2024-12-31 | $11.10 | $5.28 | 47.6% |
| 2023-12-31 | $10.47 | $5.20 | 49.7% |
| 2022-12-31 | $11.24 | $5.08 | 45.2% |
| 2021-12-31 | $9.98 | $4.29 | 43.0% |
| 2020-12-31 | $7.90 |
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 | 45.02% |
| 2026-09-03 | 45.01% |
| 2026-09-02 | 45.02% |
| 2026-09-01 | 45.02% |
| 2026-08-31 | 45.03% |
| 2026-08-28 | 44.69% |
| 2026-08-27 | 44.69% |
| 2026-08-26 | 44.69% |
| 2026-08-25 | 44.70% |
| 2026-08-24 | 44.70% |
| 2026-08-21 | 44.69% |
| 2026-08-20 | 44.69% |
| 2026-08-19 | 44.70% |
| 2026-08-18 | 44.70% |
| 2026-08-17 | 44.69% |
| 2026-08-14 | 44.70% |
| 2026-08-13 | 44.69% |
| 2026-08-12 | 44.69% |
| 2026-08-11 | 44.69% |
| 2026-08-10 | 44.69% |
| 2026-08-07 | 44.71% |
| 2026-08-06 | 44.70% |
| 2026-08-05 | 44.70% |
| 2026-08-04 | 44.70% |
| 2026-08-03 | 44.69% |
| 2026-07-31 | 44.69% |
| 2026-07-30 | 44.70% |
| 2026-07-29 | 44.70% |
| 2026-07-28 | 44.69% |
| 2026-07-27 | 44.69% |
| 2026-07-24 | 44.69% |
| 2026-07-23 | 44.69% |
| 2026-07-22 | 45.47% |
| 2026-07-21 | 45.48% |
| 2026-07-20 | 45.46% |
| 2026-07-17 | 45.48% |
| 2026-07-16 | 45.46% |
| 2026-07-15 | 45.46% |
| 2026-07-14 | 45.47% |
| 2026-07-13 | 45.48% |
| 2026-07-10 | 45.47% |
| 2026-07-09 | 45.47% |
| 2026-07-08 | 45.47% |
| 2026-07-07 | 45.47% |
| 2026-07-06 | 45.47% |
| 2026-07-02 | 45.47% |
| 2026-07-01 | 45.47% |
| 2026-06-30 | 45.48% |
| 2026-06-29 | 45.46% |
| 2026-06-26 | 45.46% |
| 2026-06-25 | 45.46% |
| 2026-06-24 | 45.46% |
| 2026-06-23 | 45.46% |
| 2026-06-22 | 45.47% |
| 2026-06-18 | 45.47% |
| 2026-06-17 | 45.48% |
| 2026-06-16 | 45.47% |
| 2026-06-15 | 45.47% |
| 2026-06-12 | 45.46% |
| 2026-06-11 | 45.47% |
| 2026-06-10 | 45.48% |
| 2026-06-09 | 45.48% |
| 2026-06-08 | 45.47% |
| 2026-06-05 | 45.47% |
| 2026-06-04 | 45.47% |
| 2026-06-03 | 45.46% |
| 2026-06-02 | 45.46% |
| 2026-06-01 | 45.48% |
| 2026-05-29 | 56.50% |
| 2026-05-28 | 45.13% |
| 2026-05-27 | 45.13% |
| 2026-05-26 | 45.14% |
| 2026-05-22 | 45.14% |
| 2026-05-21 | 45.13% |
| 2026-05-20 | 45.13% |
| 2026-05-19 | 45.14% |
| 2026-05-18 | 45.13% |
| 2026-05-15 | 45.15% |
| 2026-05-14 | 45.15% |
| 2026-05-13 | 45.14% |
| 2026-05-12 | 45.14% |
| 2026-05-11 | 45.13% |
| 2026-05-08 | 45.14% |
| 2026-05-07 | 45.14% |
| 2026-05-06 | 45.13% |
| 2026-05-05 | 45.15% |
| 2026-05-04 | 45.14% |
| 2026-05-01 | 45.15% |
| 2026-04-30 | 45.14% |
| 2026-04-29 | 45.14% |
| 2026-04-28 | 45.13% |
| 2026-04-27 | 45.15% |
| 2026-04-24 | 45.13% |
| 2026-04-23 | 45.13% |
| 2026-04-22 | 45.77% |
| 2026-04-21 | 45.78% |
| 2026-04-20 | 45.79% |
| 2026-04-17 | 45.78% |
| 2026-04-16 | 45.77% |
| 2026-04-15 | 45.78% |
| 2026-04-14 | 45.77% |
| 2026-04-13 | 45.76% |
| 2026-04-10 | 45.79% |
| 2026-04-09 | 45.78% |
| 2026-04-08 | 45.78% |
| 2026-04-07 | 45.78% |
| 2026-04-06 | 45.77% |
| 2026-04-02 | 45.77% |
| 2026-04-01 | 45.78% |
| 2026-03-31 | 45.78% |
| 2026-03-30 | 45.77% |
| 2026-03-27 | 45.78% |
| 2026-03-26 | 45.78% |
| 2026-03-25 | 45.78% |
| 2026-03-24 | 45.78% |
| 2026-03-23 | 45.77% |
| 2026-03-20 | 45.77% |
| 2026-03-19 | 45.77% |
| 2026-03-18 | 45.77% |
| 2026-03-17 | 45.77% |
| 2026-03-16 | 45.77% |
| 2026-03-13 | 45.77% |
| 2026-03-12 | 45.78% |
| 2026-03-11 | 45.78% |
| 2026-03-10 | 45.77% |
| 2026-03-09 | 45.77% |
| 2026-03-06 | 45.78% |
| 2026-03-05 | 45.79% |
| 2026-03-04 | 45.78% |
| 2026-03-03 | 45.78% |
| 2026-03-02 | 45.77% |
| 2026-02-27 | 56.96% |
| 2026-02-26 | 45.43% |
| 2026-02-25 | 45.43% |
| 2026-02-24 | 45.43% |
| 2026-02-23 | 45.44% |
| 2026-02-20 | 45.45% |
| 2026-02-19 | 45.45% |
| 2026-02-18 | 45.45% |
| 2026-02-17 | 45.44% |
| 2026-02-13 | 45.45% |
| 2026-02-12 | 45.45% |
| 2026-02-11 | 45.44% |
| 2026-02-10 | 45.45% |
| 2026-02-09 | 45.45% |
| 2026-02-06 | 45.44% |
| 2026-02-05 | 46.21% |
| 2026-02-04 | 46.22% |
| 2026-02-03 | 46.20% |
| 2026-02-02 | 46.21% |
| 2026-01-30 | 46.21% |
| 2026-01-29 | 46.21% |
| 2026-01-28 | 46.20% |
| 2026-01-27 | 46.22% |
| 2026-01-26 | 46.20% |
| 2026-01-23 | 46.22% |
| 2026-01-22 | 46.22% |
| 2026-01-21 | 46.22% |
| 2026-01-20 | 46.21% |
| 2026-01-16 | 46.22% |
| 2026-01-15 | 46.21% |
| 2026-01-14 | 46.22% |
| 2026-01-13 | 46.22% |
| 2026-01-12 | 46.22% |
| 2026-01-09 | 46.22% |
| 2026-01-08 | 46.22% |
| 2026-01-07 | 46.21% |
| 2026-01-06 | 46.22% |
| 2026-01-05 | 46.22% |
| 2026-01-02 | 46.21% |
| 2025-12-31 | 46.21% |
| 2025-12-30 | 46.22% |
| 2025-12-29 | 46.21% |
| 2025-12-26 | 46.21% |
| 2025-12-24 | 46.22% |
| 2025-12-23 | 46.21% |
| 2025-12-22 | 46.21% |
| 2025-12-19 | 46.22% |
| 2025-12-18 | 46.20% |
| 2025-12-17 | 46.21% |
| 2025-12-16 | 46.22% |
| 2025-12-15 | 46.22% |
| 2025-12-12 | 46.20% |
| 2025-12-11 | 46.22% |
| 2025-12-10 | 46.21% |
| 2025-12-09 | 46.21% |
| 2025-12-08 | 57.59% |
| 2025-12-05 | 57.60% |
| 2025-12-04 | 45.88% |
| 2025-12-03 | 45.87% |
| 2025-12-02 | 45.88% |
| 2025-12-01 | 45.86% |
| 2025-11-28 | 45.86% |
| 2025-11-26 | 45.86% |
| 2025-11-25 | 45.86% |
| 2025-11-24 | 45.87% |
| 2025-11-21 | 45.88% |
| 2025-11-20 | 45.87% |
| 2025-11-19 | 45.88% |
| 2025-11-18 | 45.88% |
| 2025-11-17 | 45.86% |
| 2025-11-14 | 45.88% |
| 2025-11-13 | 45.89% |
| 2025-11-12 | 45.87% |
| 2025-11-11 | 45.88% |
| 2025-11-10 | 45.88% |
| 2025-11-07 | 45.89% |
| 2025-11-06 | 45.88% |
| 2025-11-05 | 45.88% |
| 2025-11-04 | 45.88% |
| 2025-11-03 | 45.88% |
| 2025-10-31 | 45.87% |
| 2025-10-30 | 45.87% |
| 2025-10-29 | 45.87% |
| 2025-10-28 | 45.86% |
| 2025-10-27 | 45.88% |
| 2025-10-24 | 45.87% |
| 2025-10-23 | 45.87% |
| 2025-10-22 | 46.92% |
| 2025-10-21 | 46.91% |
| 2025-10-20 | 46.92% |
| 2025-10-17 | 46.92% |
| 2025-10-16 | 46.90% |
| 2025-10-15 | 46.91% |
| 2025-10-14 | 46.92% |
| 2025-10-13 | 46.91% |
| 2025-10-10 | 46.90% |
| 2025-10-09 | 46.90% |
| 2025-10-08 | 46.91% |
| 2025-10-07 | 46.91% |
| 2025-10-06 | 46.90% |
| 2025-10-03 | 46.91% |
| 2025-10-02 | 46.90% |
| 2025-10-01 | 46.91% |
| 2025-09-30 | 46.90% |
| 2025-09-29 | 46.92% |
| 2025-09-26 | 46.91% |
| 2025-09-25 | 46.90% |
| 2025-09-24 | 46.91% |
| 2025-09-23 | 46.90% |
| 2025-09-22 | 46.91% |
| 2025-09-19 | 46.90% |
| 2025-09-18 | 46.90% |
| 2025-09-17 | 46.92% |
| 2025-09-16 | 46.90% |
| 2025-09-15 | 46.92% |
| 2025-09-12 | 46.91% |
| 2025-09-11 | 46.92% |
| 2025-09-10 | 46.90% |
| 2025-09-09 | 46.91% |
| 2025-09-08 | 46.90% |
| 2025-09-05 | 46.91% |
| 2025-09-04 | 46.92% |
| 2025-09-03 | 46.90% |
| 2025-09-02 | 46.90% |
| 2025-08-29 | 58.55% |
| 2025-08-28 | 46.57% |
| 2025-08-27 | 46.55% |
| 2025-08-26 | 46.56% |
| 2025-08-25 | 46.56% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $3.88 |
| 49.1% |
| 2019-12-31 | $8.41 | $3.70 | 44.0% |
| 2018-12-31 | $7.95 | $3.06 | 38.5% |
| 2017-12-31 | $13.42 | $2.48 | 18.5% |
| 2016-12-31 | $5.09 | $2.25 | 44.3% |
| 2015-12-31 | $5.51 | $2.20 | 39.9% |
| 2014-12-31 | $5.77 | $1.91 | 33.1% |
| 2013-12-31 | $4.74 | $1.48 | 31.2% |
| 2012-12-31 | $4.17 | $1.24 | 29.9% |
| 2011-12-31 | $3.39 | $0.97 | 28.5% |
| 2010-12-31 | $2.79 | $0.66 | 23.5% |
| 2009-12-31 | $1.88 | $0.54 | 28.7% |
| 2008-12-31 | $2.29 | $0.49 | 21.4% |
| 2007-12-31 | $1.74 | $0.37 | 21.4% |
| 2006-12-31 | $1.49 | $0.30 | 20.1% |
| 2005-12-31 | $0.97 | $0.30 | 30.9% |
| 2004-12-31 | $0.58 | $0.30 | 51.7% |
| 2003-12-31 | $1.56 | $0.25 | 15.9% |
| 2002-12-31 | $1.33 | $0.21 | 15.6% |
| 2001-12-31 | $0.97 | $0.20 | 20.6% |
| 2000-12-31 | $0.85 | $0.20 | 23.5% |
| 1999-12-31 | $0.82 | $0.20 | 24.4% |
| 1998-12-31 | ($0.64) | $0.20 | N/A (Loss) |
| 1997-12-31 | $0.44 | $0.43 | 97.7% |
| 1996-12-31 | $1.04 | $0.32 | 31.2% |
