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 38.39% is 33% above its 5-year average of 28.76%, near the high end of its 5-year range (1.82%–51.06%).
As of Thursday, July 30, 2026. 2.03% below its 12-month average of 39.18%.
Dividend Payout Ratio (38.39%) = TTM Dividends/Share ($1.87) / TTM EPS ($4.87)
DIVIDEND PAYOUT RATIO
38.39%
DIVIDEND PAYOUT RATIO AVG TTM
39.18%
DIVIDEND PAYOUT RATIO AVG 3Y
36.08%
DIVIDEND PAYOUT RATIO AVG 5Y
28.76%
DIVIDEND PAYOUT RATIO AVG 10Y
28.44%
DIVIDEND PAYOUT RATIO AVG 15Y
22.33%
DIVIDEND PAYOUT RATIO AVG 20Y
19.05%
CURRENT VS TTM AVG
-2.03%
CURRENT VS 3Y AVG
+6.41%
CURRENT VS 5Y AVG
+33.48%
CURRENT VS 10Y AVG
+35.00%
CURRENT VS 15Y AVG
+71.95%
CURRENT VS 20Y AVG
+101.55%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $4.48 | $1.85 | 41.3% |
| 2024 | $4.39 | $1.72 | 39.3% |
| 2023 | $3.40 | $1.29 | 37.8% |
| 2022 | $3.33 | $0.19 | 5.7% |
| 2021 | $2.46 | $0.39 | 15.9% |
| 2020 | $1.26 | $0.21 |
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 |
|---|---|
| 2026-07-29 | 38.39% |
| 2026-07-28 | 38.40% |
| 2026-07-27 | 38.39% |
| 2026-07-24 | 38.39% |
| 2026-07-23 | 38.40% |
| 2026-07-22 | 38.40% |
| 2026-07-21 | 38.41% |
| 2026-07-20 | 38.39% |
| 2026-07-17 | 39.61% |
| 2026-07-16 | 39.62% |
| 2026-07-15 | 39.63% |
| 2026-07-14 | 39.62% |
| 2026-07-13 | 39.61% |
| 2026-07-10 | 39.61% |
| 2026-07-09 | 39.63% |
| 2026-07-08 | 39.61% |
| 2026-07-07 | 39.63% |
| 2026-07-06 | 39.63% |
| 2026-07-02 | 39.62% |
| 2026-07-01 | 39.62% |
| 2026-06-30 | 39.61% |
| 2026-06-29 | 39.61% |
| 2026-06-26 | 39.62% |
| 2026-06-25 | 39.62% |
| 2026-06-24 | 39.62% |
| 2026-06-23 | 39.62% |
| 2026-06-22 | 39.39% |
| 2026-06-18 | 39.40% |
| 2026-06-17 | 39.42% |
| 2026-06-16 | 39.42% |
| 2026-06-15 | 39.40% |
| 2026-06-12 | 39.40% |
| 2026-06-11 | 39.41% |
| 2026-06-10 | 39.41% |
| 2026-06-09 | 39.40% |
| 2026-06-08 | 39.40% |
| 2026-06-05 | 39.41% |
| 2026-06-04 | 39.41% |
| 2026-06-03 | 39.40% |
| 2026-06-02 | 39.41% |
| 2026-06-01 | 39.40% |
| 2026-05-29 | 39.40% |
| 2026-05-28 | 39.40% |
| 2026-05-27 | 39.40% |
| 2026-05-26 | 39.39% |
| 2026-05-22 | 39.41% |
| 2026-05-21 | 39.39% |
| 2026-05-20 | 39.41% |
| 2026-05-19 | 39.42% |
| 2026-05-18 | 39.41% |
| 2026-05-15 | 39.41% |
| 2026-05-14 | 39.41% |
| 2026-05-13 | 39.40% |
| 2026-05-12 | 39.40% |
| 2026-05-11 | 39.41% |
| 2026-05-08 | 39.42% |
| 2026-05-07 | 39.42% |
| 2026-05-06 | 39.41% |
| 2026-05-05 | 39.42% |
| 2026-05-04 | 39.40% |
| 2026-05-01 | 39.40% |
| 2026-04-30 | 41.80% |
| 2026-04-29 | 41.78% |
| 2026-04-28 | 41.79% |
| 2026-04-27 | 41.81% |
| 2026-04-24 | 41.80% |
| 2026-04-23 | 41.79% |
| 2026-04-22 | 41.80% |
| 2026-04-21 | 41.81% |
| 2026-04-20 | 41.81% |
| 2026-04-17 | 41.80% |
| 2026-04-16 | 41.79% |
| 2026-04-15 | 41.79% |
| 2026-04-14 | 41.80% |
| 2026-04-13 | 41.81% |
| 2026-04-10 | 41.79% |
| 2026-04-09 | 41.79% |
| 2026-04-08 | 41.81% |
| 2026-04-07 | 41.79% |
| 2026-04-06 | 41.81% |
| 2026-04-02 | 41.80% |
| 2026-04-01 | 41.80% |
| 2026-03-31 | 41.79% |
| 2026-03-30 | 41.80% |
| 2026-03-27 | 41.80% |
| 2026-03-26 | 41.81% |
| 2026-03-25 | 41.79% |
| 2026-03-24 | 41.79% |
| 2026-03-23 | 41.80% |
| 2026-03-20 | 41.79% |
| 2026-03-19 | 41.80% |
| 2026-03-18 | 41.79% |
| 2026-03-17 | 41.79% |
| 2026-03-16 | 41.80% |
| 2026-03-13 | 41.79% |
| 2026-03-12 | 41.80% |
| 2026-03-11 | 41.80% |
| 2026-03-10 | 41.80% |
| 2026-03-09 | 41.78% |
| 2026-03-06 | 41.79% |
| 2026-03-05 | 41.79% |
| 2026-03-04 | 41.80% |
| 2026-03-03 | 41.79% |
| 2026-03-02 | 43.60% |
| 2026-02-27 | 43.59% |
| 2026-02-26 | 40.76% |
| 2026-02-25 | 40.76% |
| 2026-02-24 | 40.76% |
| 2026-02-23 | 40.77% |
| 2026-02-20 | 38.86% |
| 2026-02-19 | 38.87% |
| 2026-02-18 | 38.86% |
| 2026-02-17 | 38.85% |
| 2026-02-13 | 38.86% |
| 2026-02-12 | 38.86% |
| 2026-02-11 | 38.87% |
| 2026-02-10 | 38.87% |
| 2026-02-09 | 38.87% |
| 2026-02-06 | 38.86% |
| 2026-02-05 | 38.87% |
| 2026-02-04 | 38.88% |
| 2026-02-03 | 38.88% |
| 2026-02-02 | 38.87% |
| 2026-01-30 | 38.87% |
| 2026-01-29 | 38.86% |
| 2026-01-28 | 38.88% |
| 2026-01-27 | 38.85% |
| 2026-01-26 | 38.86% |
| 2026-01-23 | 38.86% |
| 2026-01-22 | 38.85% |
| 2026-01-21 | 38.87% |
| 2026-01-20 | 38.87% |
| 2026-01-16 | 38.86% |
| 2026-01-15 | 38.85% |
| 2026-01-14 | 38.86% |
| 2026-01-13 | 38.88% |
| 2026-01-12 | 38.85% |
| 2026-01-09 | 38.87% |
| 2026-01-08 | 38.88% |
| 2026-01-07 | 38.87% |
| 2026-01-06 | 38.86% |
| 2026-01-05 | 38.88% |
| 2026-01-02 | 38.86% |
| 2025-12-31 | 38.86% |
| 2025-12-30 | 38.86% |
| 2025-12-29 | 38.86% |
| 2025-12-26 | 38.88% |
| 2025-12-24 | 38.86% |
| 2025-12-23 | 38.85% |
| 2025-12-22 | 38.86% |
| 2025-12-19 | 38.86% |
| 2025-12-18 | 38.86% |
| 2025-12-17 | 38.87% |
| 2025-12-16 | 38.86% |
| 2025-12-15 | 51.06% |
| 2025-12-12 | 28.16% |
| 2025-12-11 | 28.16% |
| 2025-12-10 | 28.15% |
| 2025-12-09 | 28.15% |
| 2025-12-08 | 28.14% |
| 2025-12-05 | 28.16% |
| 2025-12-04 | 28.15% |
| 2025-12-03 | 28.15% |
| 2025-12-02 | 28.14% |
| 2025-12-01 | 28.15% |
| 2025-11-28 | 28.15% |
| 2025-11-26 | 28.15% |
| 2025-11-25 | 28.15% |
| 2025-11-24 | 28.16% |
| 2025-11-21 | 28.16% |
| 2025-11-20 | 28.15% |
| 2025-11-19 | 28.15% |
| 2025-11-18 | 28.15% |
| 2025-11-17 | 28.16% |
| 2025-11-14 | 28.16% |
| 2025-11-13 | 28.15% |
| 2025-11-12 | 28.15% |
| 2025-11-11 | 28.15% |
| 2025-11-10 | 28.15% |
| 2025-11-07 | 28.15% |
| 2025-11-06 | 28.15% |
| 2025-11-05 | 28.16% |
| 2025-11-04 | 28.16% |
| 2025-11-03 | 28.15% |
| 2025-10-31 | 30.52% |
| 2025-10-30 | 30.53% |
| 2025-10-29 | 30.52% |
| 2025-10-28 | 30.52% |
| 2025-10-27 | 30.52% |
| 2025-10-24 | 30.52% |
| 2025-10-23 | 30.53% |
| 2025-10-22 | 30.53% |
| 2025-10-21 | 30.52% |
| 2025-10-20 | 30.53% |
| 2025-10-17 | 30.53% |
| 2025-10-16 | 30.53% |
| 2025-10-15 | 30.52% |
| 2025-10-14 | 30.52% |
| 2025-10-13 | 30.52% |
| 2025-10-10 | 30.53% |
| 2025-10-09 | 30.53% |
| 2025-10-08 | 30.52% |
| 2025-10-07 | 30.53% |
| 2025-10-06 | 30.53% |
| 2025-10-03 | 30.53% |
| 2025-10-02 | 30.52% |
| 2025-10-01 | 30.53% |
| 2025-09-30 | 30.52% |
| 2025-09-29 | 30.53% |
| 2025-09-26 | 30.52% |
| 2025-09-25 | 30.52% |
| 2025-09-24 | 30.52% |
| 2025-09-23 | 30.53% |
| 2025-09-22 | 38.04% |
| 2025-09-19 | 36.00% |
| 2025-09-18 | 35.99% |
| 2025-09-17 | 35.98% |
| 2025-09-16 | 35.99% |
| 2025-09-15 | 35.99% |
| 2025-09-12 | 36.00% |
| 2025-09-11 | 36.00% |
| 2025-09-10 | 36.00% |
| 2025-09-09 | 35.98% |
| 2025-09-08 | 35.98% |
| 2025-09-05 | 35.99% |
| 2025-09-04 | 35.99% |
| 2025-09-03 | 35.98% |
| 2025-09-02 | 36.00% |
| 2025-08-29 | 35.99% |
| 2025-08-28 | 36.00% |
| 2025-08-27 | 36.00% |
| 2025-08-26 | 35.98% |
| 2025-08-25 | 35.98% |
| 2025-08-22 | 35.98% |
| 2025-08-21 | 36.00% |
| 2025-08-20 | 36.00% |
| 2025-08-19 | 35.99% |
| 2025-08-18 | 35.99% |
| 2025-08-15 | 36.00% |
| 2025-08-14 | 35.99% |
| 2025-08-13 | 35.98% |
| 2025-08-12 | 36.00% |
| 2025-08-11 | 36.00% |
| 2025-08-08 | 35.99% |
| 2025-08-07 | 35.99% |
| 2025-08-06 | 35.99% |
| 2025-08-05 | 35.99% |
| 2025-08-04 | 35.98% |
| 2025-08-01 | 36.67% |
| 2025-07-31 | 36.67% |
| 2025-07-30 | 36.66% |
| 2025-07-29 | 36.65% |
| 2025-07-28 | 36.67% |
| 2025-07-25 | 36.67% |
| 2025-07-24 | 36.65% |
| 2025-07-23 | 36.65% |
| 2025-07-22 | 36.65% |
| 2025-07-21 | 36.66% |
| 2025-07-18 | 36.66% |
| 2025-07-17 | 36.66% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 16.6% |
| 2019 | $1.59 | $0.36 | 22.9% |
| 2018 | $1.48 | $0.57 | 38.8% |
| 2017 | $1.30 | $0.46 | 35.3% |
| 2016 | $1.45 | $0.30 | 20.6% |
| 2015 | $1.20 | $0.14 | 11.6% |
| 2014 | $1.50 | $0.13 | 8.5% |
| 2013 | $1.09 | $0.12 | 10.6% |
| 2012 | $1.65 | $0.10 | 6.3% |
| 2011 | $1.26 | $0.09 | 7.3% |
| 2010 | $1.33 | $0.08 | 6.0% |
| 2009 | $0.86 | $0.07 | 8.3% |
| 2008 | $0.75 | $0.07 | 9.1% |
| 2007 | $1.80 | $0.06 | 3.3% |
| 2006 | $1.62 | $0.05 | 2.9% |
| 2005 | $1.27 | $0.04 | 3.1% |
| 2004 | $1.03 | $0.04 | 3.6% |
| 2003 | $0.80 | $0.04 | 4.5% |
| 2002 | $0.45 | $0.03 | 6.9% |
| 2001 | ($0.27) | $0.03 | N/A (Loss) |
| 2000 | $0.12 | $0.03 | 25.4% |
| 1999 | ($0.12) | $0.03 | N/A (Loss) |
| 1998 | $0.14 | $0.03 | 20.1% |
| 1997 | $0.27 | $0.02 | 9.0% |
| 1996 | $0.22 | $0.02 | 9.2% |
