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 72.67% is in line with its 5-year average of 70.17%, around the middle of its 5-year range (49.96%–87.43%).
As of Friday, September 4, 2026. 2.46% above its 12-month average of 70.93%.
Dividend Payout Ratio (72.67%) = TTM Dividends/Share ($3.75) / TTM EPS ($5.16)
DIVIDEND PAYOUT RATIO
72.67%
DIVIDEND PAYOUT RATIO AVG TTM
70.93%
DIVIDEND PAYOUT RATIO AVG 3Y
71.78%
DIVIDEND PAYOUT RATIO AVG 5Y
70.17%
DIVIDEND PAYOUT RATIO AVG 10Y
68.68%
DIVIDEND PAYOUT RATIO AVG 15Y
65.02%
DIVIDEND PAYOUT RATIO AVG 20Y
58.85%
CURRENT VS TTM AVG
+2.46%
CURRENT VS 3Y AVG
+1.25%
CURRENT VS 5Y AVG
+3.56%
CURRENT VS 10Y AVG
+5.81%
CURRENT VS 15Y AVG
+11.77%
CURRENT VS 20Y AVG
+23.49%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $4.86 | $3.57 | 73.5% |
| 2024-12-31 | $4.81 | $3.34 | 69.4% |
| 2023-12-31 | $4.22 | $3.12 | 73.9% |
| 2022-12-31 | $4.46 | $2.91 | 65.2% |
| 2021-12-31 | $4.12 | $2.71 | 65.8% |
| 2020-12-31 | $3.80 |
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 | 72.67% |
| 2026-09-03 | 72.68% |
| 2026-09-02 | 72.67% |
| 2026-09-01 | 72.67% |
| 2026-08-31 | 72.69% |
| 2026-08-28 | 72.69% |
| 2026-08-27 | 72.69% |
| 2026-08-26 | 72.68% |
| 2026-08-25 | 72.67% |
| 2026-08-24 | 72.68% |
| 2026-08-21 | 72.66% |
| 2026-08-20 | 72.68% |
| 2026-08-19 | 72.67% |
| 2026-08-18 | 72.67% |
| 2026-08-17 | 72.66% |
| 2026-08-14 | 72.68% |
| 2026-08-13 | 71.50% |
| 2026-08-12 | 71.53% |
| 2026-08-11 | 71.50% |
| 2026-08-10 | 71.53% |
| 2026-08-07 | 71.52% |
| 2026-08-06 | 71.50% |
| 2026-08-05 | 71.51% |
| 2026-08-04 | 71.50% |
| 2026-08-03 | 73.64% |
| 2026-07-31 | 73.65% |
| 2026-07-30 | 73.67% |
| 2026-07-29 | 73.64% |
| 2026-07-28 | 73.66% |
| 2026-07-27 | 73.66% |
| 2026-07-24 | 73.66% |
| 2026-07-23 | 73.66% |
| 2026-07-22 | 73.66% |
| 2026-07-21 | 73.65% |
| 2026-07-20 | 73.67% |
| 2026-07-17 | 73.64% |
| 2026-07-16 | 73.65% |
| 2026-07-15 | 73.66% |
| 2026-07-14 | 73.64% |
| 2026-07-13 | 73.66% |
| 2026-07-10 | 73.67% |
| 2026-07-09 | 73.65% |
| 2026-07-08 | 73.65% |
| 2026-07-07 | 73.66% |
| 2026-07-06 | 73.65% |
| 2026-07-02 | 73.66% |
| 2026-07-01 | 73.66% |
| 2026-06-30 | 73.66% |
| 2026-06-29 | 73.65% |
| 2026-06-26 | 73.64% |
| 2026-06-25 | 73.66% |
| 2026-06-24 | 73.67% |
| 2026-06-23 | 73.64% |
| 2026-06-22 | 73.64% |
| 2026-06-18 | 73.66% |
| 2026-06-17 | 73.64% |
| 2026-06-16 | 73.66% |
| 2026-06-15 | 73.64% |
| 2026-06-12 | 73.64% |
| 2026-06-11 | 73.66% |
| 2026-06-10 | 73.66% |
| 2026-06-09 | 73.64% |
| 2026-06-08 | 73.67% |
| 2026-06-05 | 73.64% |
| 2026-06-04 | 73.65% |
| 2026-06-03 | 73.67% |
| 2026-06-02 | 73.65% |
| 2026-06-01 | 73.66% |
| 2026-05-29 | 73.67% |
| 2026-05-28 | 73.65% |
| 2026-05-27 | 73.64% |
| 2026-05-26 | 73.64% |
| 2026-05-22 | 73.66% |
| 2026-05-21 | 73.66% |
| 2026-05-20 | 73.67% |
| 2026-05-19 | 73.64% |
| 2026-05-18 | 73.67% |
| 2026-05-15 | 73.66% |
| 2026-05-14 | 73.64% |
| 2026-05-13 | 72.47% |
| 2026-05-12 | 72.45% |
| 2026-05-11 | 72.46% |
| 2026-05-08 | 72.46% |
| 2026-05-07 | 72.45% |
| 2026-05-06 | 72.45% |
| 2026-05-05 | 75.17% |
| 2026-05-04 | 75.16% |
| 2026-05-01 | 75.16% |
| 2026-04-30 | 75.16% |
| 2026-04-29 | 75.16% |
| 2026-04-28 | 75.15% |
| 2026-04-27 | 75.14% |
| 2026-04-24 | 75.17% |
| 2026-04-23 | 75.16% |
| 2026-04-22 | 75.14% |
| 2026-04-21 | 75.17% |
| 2026-04-20 | 75.16% |
| 2026-04-17 | 75.16% |
| 2026-04-16 | 75.17% |
| 2026-04-15 | 75.16% |
| 2026-04-14 | 75.16% |
| 2026-04-13 | 75.15% |
| 2026-04-10 | 75.17% |
| 2026-04-09 | 75.15% |
| 2026-04-08 | 75.15% |
| 2026-04-07 | 75.15% |
| 2026-04-06 | 75.16% |
| 2026-04-02 | 75.14% |
| 2026-04-01 | 75.15% |
| 2026-03-31 | 75.16% |
| 2026-03-30 | 75.16% |
| 2026-03-27 | 75.16% |
| 2026-03-26 | 75.17% |
| 2026-03-25 | 75.16% |
| 2026-03-24 | 75.15% |
| 2026-03-23 | 75.16% |
| 2026-03-20 | 75.17% |
| 2026-03-19 | 75.15% |
| 2026-03-18 | 75.17% |
| 2026-03-17 | 75.14% |
| 2026-03-16 | 75.16% |
| 2026-03-13 | 75.17% |
| 2026-03-12 | 75.16% |
| 2026-03-11 | 75.16% |
| 2026-03-10 | 75.17% |
| 2026-03-09 | 75.15% |
| 2026-03-06 | 75.16% |
| 2026-03-05 | 75.17% |
| 2026-03-04 | 75.16% |
| 2026-03-03 | 75.15% |
| 2026-03-02 | 75.14% |
| 2026-02-27 | 75.17% |
| 2026-02-26 | 75.15% |
| 2026-02-25 | 75.17% |
| 2026-02-24 | 75.17% |
| 2026-02-23 | 75.17% |
| 2026-02-20 | 75.15% |
| 2026-02-19 | 68.61% |
| 2026-02-18 | 68.63% |
| 2026-02-17 | 68.61% |
| 2026-02-13 | 85.50% |
| 2026-02-12 | 67.50% |
| 2026-02-11 | 67.50% |
| 2026-02-10 | 67.50% |
| 2026-02-09 | 67.47% |
| 2026-02-06 | 67.48% |
| 2026-02-05 | 67.48% |
| 2026-02-04 | 67.47% |
| 2026-02-03 | 67.48% |
| 2026-02-02 | 67.47% |
| 2026-01-30 | 67.48% |
| 2026-01-29 | 67.48% |
| 2026-01-28 | 67.48% |
| 2026-01-27 | 67.49% |
| 2026-01-26 | 67.49% |
| 2026-01-23 | 67.47% |
| 2026-01-22 | 67.48% |
| 2026-01-21 | 67.48% |
| 2026-01-20 | 67.50% |
| 2026-01-16 | 67.49% |
| 2026-01-15 | 67.50% |
| 2026-01-14 | 67.49% |
| 2026-01-13 | 67.48% |
| 2026-01-12 | 67.49% |
| 2026-01-09 | 67.48% |
| 2026-01-08 | 67.48% |
| 2026-01-07 | 67.50% |
| 2026-01-06 | 67.49% |
| 2026-01-05 | 67.50% |
| 2026-01-02 | 67.50% |
| 2025-12-31 | 67.50% |
| 2025-12-30 | 67.47% |
| 2025-12-29 | 67.50% |
| 2025-12-26 | 67.47% |
| 2025-12-24 | 67.48% |
| 2025-12-23 | 67.48% |
| 2025-12-22 | 67.47% |
| 2025-12-19 | 67.49% |
| 2025-12-18 | 67.50% |
| 2025-12-17 | 67.47% |
| 2025-12-16 | 67.48% |
| 2025-12-15 | 67.49% |
| 2025-12-12 | 67.50% |
| 2025-12-11 | 67.48% |
| 2025-12-10 | 67.50% |
| 2025-12-09 | 67.48% |
| 2025-12-08 | 67.47% |
| 2025-12-05 | 67.48% |
| 2025-12-04 | 67.48% |
| 2025-12-03 | 67.48% |
| 2025-12-02 | 67.48% |
| 2025-12-01 | 67.49% |
| 2025-11-28 | 67.50% |
| 2025-11-26 | 67.49% |
| 2025-11-25 | 67.47% |
| 2025-11-24 | 67.50% |
| 2025-11-21 | 67.49% |
| 2025-11-20 | 67.50% |
| 2025-11-19 | 67.47% |
| 2025-11-18 | 67.50% |
| 2025-11-17 | 67.48% |
| 2025-11-14 | 67.49% |
| 2025-11-13 | 66.39% |
| 2025-11-12 | 66.39% |
| 2025-11-11 | 66.41% |
| 2025-11-10 | 66.39% |
| 2025-11-07 | 66.41% |
| 2025-11-06 | 66.39% |
| 2025-11-05 | 66.39% |
| 2025-11-04 | 66.41% |
| 2025-11-03 | 66.40% |
| 2025-10-31 | 66.40% |
| 2025-10-30 | 66.41% |
| 2025-10-29 | 67.29% |
| 2025-10-28 | 67.28% |
| 2025-10-27 | 67.28% |
| 2025-10-24 | 67.29% |
| 2025-10-23 | 67.27% |
| 2025-10-22 | 67.29% |
| 2025-10-21 | 67.28% |
| 2025-10-20 | 67.29% |
| 2025-10-17 | 67.28% |
| 2025-10-16 | 67.29% |
| 2025-10-15 | 67.30% |
| 2025-10-14 | 67.30% |
| 2025-10-13 | 67.27% |
| 2025-10-10 | 67.30% |
| 2025-10-09 | 67.30% |
| 2025-10-08 | 67.28% |
| 2025-10-07 | 67.29% |
| 2025-10-06 | 67.28% |
| 2025-10-03 | 67.28% |
| 2025-10-02 | 67.28% |
| 2025-10-01 | 67.30% |
| 2025-09-30 | 67.28% |
| 2025-09-29 | 67.29% |
| 2025-09-26 | 67.29% |
| 2025-09-25 | 67.29% |
| 2025-09-24 | 67.29% |
| 2025-09-23 | 67.29% |
| 2025-09-22 | 67.30% |
| 2025-09-19 | 67.30% |
| 2025-09-18 | 67.29% |
| 2025-09-17 | 67.29% |
| 2025-09-16 | 67.28% |
| 2025-09-15 | 67.29% |
| 2025-09-12 | 67.28% |
| 2025-09-11 | 67.29% |
| 2025-09-10 | 67.30% |
| 2025-09-09 | 67.30% |
| 2025-09-08 | 67.30% |
| 2025-09-05 | 67.29% |
| 2025-09-04 | 67.29% |
| 2025-09-03 | 67.30% |
| 2025-09-02 | 67.29% |
| 2025-08-29 | 67.28% |
| 2025-08-28 | 67.30% |
| 2025-08-27 | 67.29% |
| 2025-08-26 | 67.29% |
| 2025-08-25 | 67.29% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $2.53 |
| 66.6% |
| 2019-12-31 | $3.60 | $2.36 | 65.6% |
| 2018-12-31 | $3.36 | $2.21 | 65.8% |
| 2017-12-31 | $3.81 | $2.08 | 54.6% |
| 2016-12-31 | $2.98 | $1.98 | 66.4% |
| 2015-12-31 | $2.36 | $1.74 | 73.8% |
| 2014-12-31 | $2.61 | $1.56 | 59.8% |
| 2013-12-31 | $2.54 | $1.45 | 56.9% |
| 2012-12-31 | $2.37 | $1.20 | 50.6% |
| 2011-12-31 | $2.26 | $1.04 | 46.0% |
| 2010-12-31 | $1.95 | $0.80 | 41.0% |
| 2009-12-31 | $1.64 | $0.68 | 41.2% |
| 2008-12-31 | $1.54 | $0.54 | 35.1% |
| 2007-12-31 | $1.44 | $0.50 | 34.7% |
| 2006-12-31 | $1.35 | $0.46 | 34.1% |
| 2005-12-31 | $1.32 | $0.44 | 33.3% |
| 2004-12-31 | $1.30 | $0.41 | 31.9% |
| 2003-12-31 | $1.05 | $0.40 | 38.1% |
| 2002-12-31 | $0.59 | $0.40 | 67.8% |
| 2001-12-31 | $0.94 | $0.40 | 42.6% |
| 2000-12-31 | $0.64 | $0.68 | 107.0% |
| 1999-12-31 | $0.90 | $0.78 | 86.7% |
| 1998-12-31 | $0.83 | $0.78 | 93.7% |
| 1997-12-31 | $0.27 | $0.77 | 284.3% |
| 1996-12-31 | $0.99 | $0.75 | 76.1% |
