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 77.80% is 15% above its 5-year average of 67.51%, around the middle of its 5-year range (47.82%–93.30%).
As of Wednesday, September 9, 2026. 5.66% below its 12-month average of 82.46%.
Dividend Payout Ratio (77.80%) = TTM Dividends/Share ($2.24) / TTM EPS ($2.88)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-09.
DIVIDEND PAYOUT RATIO
77.80%
DIVIDEND PAYOUT RATIO AVG TTM
82.46%
DIVIDEND PAYOUT RATIO AVG 3Y
81.20%
DIVIDEND PAYOUT RATIO AVG 5Y
67.51%
DIVIDEND PAYOUT RATIO AVG 10Y
59.31%
DIVIDEND PAYOUT RATIO AVG 15Y
50.99%
DIVIDEND PAYOUT RATIO AVG 20Y
51.53%
CURRENT VS TTM AVG
-5.66%
CURRENT VS 3Y AVG
-4.19%
CURRENT VS 5Y AVG
+15.24%
CURRENT VS 10Y AVG
+31.16%
CURRENT VS 15Y AVG
+52.56%
CURRENT VS 20Y AVG
+50.99%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $2.72 | $2.24 | 82.4% |
| 2024-12-31 | ($1.63) | $1.68 | N/A (Loss) |
| 2023-12-31 | $2.82 | $2.24 | 79.4% |
| 2022-12-31 | $4.14 | $2.18 | 52.7% |
| 2021-12-31 | $4.43 | $2.10 | 47.4% |
| 2020-12-31 | $4.03 |
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 |
|---|---|
| 2026-09-09 | 77.80% |
| 2026-09-08 | 77.76% |
| 2026-09-04 | 77.78% |
| 2026-09-03 | 77.77% |
| 2026-09-02 | 77.77% |
| 2026-09-01 | 77.78% |
| 2026-08-31 | 77.80% |
| 2026-08-28 | 77.75% |
| 2026-08-27 | 77.76% |
| 2026-08-26 | 77.81% |
| 2026-08-25 | 77.80% |
| 2026-08-24 | 77.77% |
| 2026-08-21 | 77.79% |
| 2026-08-20 | 77.78% |
| 2026-08-19 | 77.79% |
| 2026-08-18 | 77.77% |
| 2026-08-17 | 77.80% |
| 2026-08-14 | 77.75% |
| 2026-08-13 | 77.75% |
| 2026-08-12 | 77.78% |
| 2026-08-11 | 77.77% |
| 2026-08-10 | 77.81% |
| 2026-08-07 | 77.78% |
| 2026-08-06 | 82.04% |
| 2026-08-05 | 82.06% |
| 2026-08-04 | 82.04% |
| 2026-08-03 | 82.06% |
| 2026-07-31 | 82.06% |
| 2026-07-30 | 82.06% |
| 2026-07-29 | 82.05% |
| 2026-07-28 | 82.07% |
| 2026-07-27 | 82.08% |
| 2026-07-24 | 82.04% |
| 2026-07-23 | 82.05% |
| 2026-07-22 | 82.05% |
| 2026-07-21 | 82.06% |
| 2026-07-20 | 82.03% |
| 2026-07-17 | 82.03% |
| 2026-07-16 | 82.08% |
| 2026-07-15 | 82.08% |
| 2026-07-14 | 82.05% |
| 2026-07-13 | 82.06% |
| 2026-07-10 | 82.04% |
| 2026-07-09 | 82.03% |
| 2026-07-08 | 82.07% |
| 2026-07-07 | 82.06% |
| 2026-07-06 | 82.04% |
| 2026-07-02 | 82.08% |
| 2026-07-01 | 82.02% |
| 2026-06-30 | 82.04% |
| 2026-06-29 | 82.04% |
| 2026-06-26 | 82.03% |
| 2026-06-25 | 82.06% |
| 2026-06-24 | 82.05% |
| 2026-06-23 | 82.07% |
| 2026-06-22 | 82.07% |
| 2026-06-18 | 82.04% |
| 2026-06-17 | 82.03% |
| 2026-06-16 | 82.06% |
| 2026-06-15 | 82.07% |
| 2026-06-12 | 82.06% |
| 2026-06-11 | 82.04% |
| 2026-06-10 | 82.06% |
| 2026-06-09 | 82.07% |
| 2026-06-08 | 82.06% |
| 2026-06-05 | 82.02% |
| 2026-06-04 | 82.06% |
| 2026-06-03 | 82.05% |
| 2026-06-02 | 82.04% |
| 2026-06-01 | 82.02% |
| 2026-05-29 | 82.05% |
| 2026-05-28 | 82.05% |
| 2026-05-27 | 82.04% |
| 2026-05-26 | 82.05% |
| 2026-05-22 | 82.02% |
| 2026-05-21 | 82.03% |
| 2026-05-20 | 82.08% |
| 2026-05-19 | 82.03% |
| 2026-05-18 | 82.05% |
| 2026-05-15 | 82.08% |
| 2026-05-14 | 82.07% |
| 2026-05-13 | 82.05% |
| 2026-05-12 | 82.07% |
| 2026-05-11 | 82.06% |
| 2026-05-08 | 82.03% |
| 2026-05-07 | 82.99% |
| 2026-05-06 | 82.98% |
| 2026-05-05 | 82.94% |
| 2026-05-04 | 82.99% |
| 2026-05-01 | 82.97% |
| 2026-04-30 | 82.96% |
| 2026-04-29 | 82.97% |
| 2026-04-28 | 82.96% |
| 2026-04-27 | 82.93% |
| 2026-04-24 | 82.95% |
| 2026-04-23 | 82.93% |
| 2026-04-22 | 83.00% |
| 2026-04-21 | 82.95% |
| 2026-04-20 | 82.96% |
| 2026-04-17 | 82.95% |
| 2026-04-16 | 82.95% |
| 2026-04-15 | 82.97% |
| 2026-04-14 | 82.95% |
| 2026-04-13 | 82.98% |
| 2026-04-10 | 82.95% |
| 2026-04-09 | 82.97% |
| 2026-04-08 | 82.99% |
| 2026-04-07 | 82.98% |
| 2026-04-06 | 82.95% |
| 2026-04-02 | 82.94% |
| 2026-04-01 | 82.95% |
| 2026-03-31 | 82.95% |
| 2026-03-30 | 82.97% |
| 2026-03-27 | 82.97% |
| 2026-03-26 | 83.00% |
| 2026-03-25 | 82.95% |
| 2026-03-24 | 82.94% |
| 2026-03-23 | 82.97% |
| 2026-03-20 | 82.96% |
| 2026-03-19 | 82.94% |
| 2026-03-18 | 82.99% |
| 2026-03-17 | 82.96% |
| 2026-03-16 | 82.93% |
| 2026-03-13 | 82.94% |
| 2026-03-12 | 82.95% |
| 2026-03-11 | 82.99% |
| 2026-03-10 | 83.00% |
| 2026-03-09 | 82.98% |
| 2026-03-06 | 82.93% |
| 2026-03-05 | 82.98% |
| 2026-03-04 | 82.96% |
| 2026-03-03 | 82.99% |
| 2026-03-02 | 82.97% |
| 2026-02-27 | 82.98% |
| 2026-02-26 | 82.96% |
| 2026-02-25 | 82.95% |
| 2025-02-25 | 83.90% |
| 2025-02-21 | 83.91% |
| 2025-02-19 | 83.92% |
| 2025-02-14 | 83.87% |
| 2025-02-12 | 83.86% |
| 2025-02-10 | 83.88% |
| 2025-02-06 | 83.90% |
| 2025-02-04 | 83.89% |
| 2025-01-31 | 83.87% |
| 2025-01-29 | 83.86% |
| 2025-01-27 | 83.87% |
| 2025-01-23 | 83.90% |
| 2025-01-21 | 83.90% |
| 2025-01-16 | 83.89% |
| 2025-01-14 | 83.90% |
| 2025-01-10 | 83.91% |
| 2025-01-07 | 83.90% |
| 2025-01-03 | 83.86% |
| 2024-12-31 | 62.91% |
| 2024-12-27 | 83.89% |
| 2024-12-24 | 83.90% |
| 2024-12-20 | 83.89% |
| 2024-12-18 | 83.88% |
| 2024-12-16 | 83.91% |
| 2024-12-12 | 83.92% |
| 2024-12-10 | 83.91% |
| 2024-12-06 | 83.89% |
| 2024-12-04 | 83.90% |
| 2024-12-02 | 83.92% |
| 2024-11-27 | 83.91% |
| 2024-11-25 | 83.89% |
| 2024-11-21 | 83.91% |
| 2024-11-19 | 83.89% |
| 2024-11-15 | 83.92% |
| 2024-11-13 | 83.89% |
| 2024-11-11 | 83.89% |
| 2024-11-07 | 83.56% |
| 2024-11-05 | 83.56% |
| 2024-11-01 | 83.57% |
| 2024-10-30 | 83.60% |
| 2024-10-28 | 83.57% |
| 2024-10-24 | 83.61% |
| 2024-10-22 | 83.59% |
| 2024-10-18 | 83.58% |
| 2024-10-16 | 83.57% |
| 2024-10-14 | 83.56% |
| 2024-10-10 | 83.58% |
| 2024-10-08 | 83.56% |
| 2024-10-04 | 83.60% |
| 2024-10-02 | 83.56% |
| 2024-09-30 | 62.69% |
| 2024-09-26 | 83.59% |
| 2024-09-24 | 83.57% |
| 2024-09-20 | 83.56% |
| 2024-09-18 | 83.60% |
| 2024-09-16 | 83.57% |
| 2024-09-12 | 83.59% |
| 2024-09-10 | 83.58% |
| 2024-09-06 | 83.57% |
| 2024-09-04 | 83.59% |
| 2024-08-30 | 83.59% |
| 2024-08-28 | 83.58% |
| 2024-08-26 | 83.58% |
| 2024-08-22 | 83.61% |
| 2024-08-20 | 83.56% |
| 2024-08-16 | 83.55% |
| 2024-08-14 | 83.61% |
| 2024-08-12 | 83.62% |
| 2024-08-08 | 83.59% |
| 2024-08-06 | 82.65% |
| 2024-08-02 | 82.66% |
| 2024-07-31 | 82.64% |
| 2024-07-29 | 82.66% |
| 2024-07-25 | 82.65% |
| 2024-07-23 | 82.64% |
| 2024-07-19 | 82.67% |
| 2024-07-17 | 82.64% |
| 2024-07-15 | 82.69% |
| 2024-07-11 | 82.66% |
| 2024-07-09 | 82.62% |
| 2024-07-05 | 82.64% |
| 2024-07-02 | 82.68% |
| 2024-06-28 | 82.62% |
| 2024-06-26 | 82.67% |
| 2024-06-24 | 82.64% |
| 2024-06-20 | 82.70% |
| 2024-06-17 | 82.61% |
| 2024-06-13 | 82.68% |
| 2024-06-11 | 82.70% |
| 2024-06-07 | 82.67% |
| 2024-06-05 | 82.65% |
| 2024-06-03 | 82.69% |
| 2024-05-30 | 82.63% |
| 2024-05-28 | 82.67% |
| 2024-05-23 | 82.66% |
| 2024-05-21 | 82.64% |
| 2024-05-17 | 82.68% |
| 2024-05-15 | 82.64% |
| 2024-05-13 | 82.64% |
| 2024-05-09 | 82.64% |
| 2024-05-07 | 79.74% |
| 2024-05-03 | 79.67% |
| 2024-05-01 | 79.68% |
| 2024-04-29 | 79.73% |
| 2024-04-25 | 79.72% |
| 2024-04-23 | 79.75% |
| 2024-04-19 | 79.69% |
| 2024-04-17 | 79.69% |
| 2024-04-15 | 79.69% |
| 2024-04-11 | 79.74% |
| 2024-04-09 | 79.67% |
| 2024-04-05 | 79.69% |
| 2024-04-03 | 79.69% |
| 2024-04-01 | 79.69% |
| 2024-03-27 | 79.75% |
| 2024-03-25 | 79.75% |
| 2024-03-21 | 79.73% |
| 2024-03-19 | 79.71% |
| 2024-03-15 | 79.71% |
| 2024-03-13 | 79.73% |
| 2024-03-11 | 79.73% |
| 2024-03-07 | 79.74% |
| 2024-03-05 | 79.73% |
| 2024-03-01 | 79.68% |
Showing the most recent 260 of 2,458 data points. The chart above shows the full history.
| $2.05 |
| 50.9% |
| 2019-12-31 | $3.98 | $2.00 | 50.3% |
| 2018-12-31 | $3.96 | $1.76 | 44.4% |
| 2017-12-31 | $2.66 | $1.54 | 57.9% |
| 2016-12-31 | $2.72 | $1.46 | 53.7% |
| 2015-12-31 | $2.57 | $1.36 | 52.9% |
| 2014-12-31 | $2.44 | $1.22 | 50.0% |
| 2013-12-31 | $2.18 | $1.03 | 47.2% |
| 2012-12-31 | $2.13 | $0.94 | 44.1% |
| 2011-12-31 | $1.82 | $0.88 | 48.4% |
| 2010-12-31 | $1.49 | $0.84 | 56.4% |
| 2009-12-31 | $1.01 | $0.84 | 83.2% |
| 2008-12-31 | $1.61 | $0.83 | 51.6% |
| 2007-12-31 | $1.78 | $1.00 | 56.2% |
| 2006-12-31 | $1.86 | $0.76 | 40.9% |
| 2005-12-31 | $1.73 | $0.72 | 41.6% |
| 2004-12-31 | $1.57 | $0.68 | 43.3% |
| 2003-12-31 | $1.44 | $0.76 | 52.8% |
| 2002-12-31 | $1.32 | $0.55 | 41.7% |
| 2001-12-31 | $1.09 | $0.51 | 46.8% |
| 2000-12-31 | $1.10 | $0.36 | 32.7% |
| 1999-12-31 | $1.05 | $0.44 | 41.9% |
| 1998-12-31 | $0.98 | $0.40 | 40.8% |
| 1997-12-31 | $0.59 | $0.44 | 73.8% |
| 1996-12-31 | $0.84 | $0.31 | 37.0% |
