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 31.80% is 28% above its 5-year average of 24.78%, around the middle of its 5-year range (17.67%–39.20%).
As of Tuesday, August 11, 2026. 7.64% above its 12-month average of 29.54%.
Dividend Payout Ratio (31.80%) = TTM Dividends/Share ($2.84) / TTM EPS ($8.93)
DIVIDEND PAYOUT RATIO
31.80%
DIVIDEND PAYOUT RATIO AVG TTM
29.54%
DIVIDEND PAYOUT RATIO AVG 3Y
27.47%
DIVIDEND PAYOUT RATIO AVG 5Y
24.78%
DIVIDEND PAYOUT RATIO AVG 10Y
32.82%
DIVIDEND PAYOUT RATIO AVG 15Y
34.88%
DIVIDEND PAYOUT RATIO AVG 20Y
33.89%
CURRENT VS TTM AVG
+7.64%
CURRENT VS 3Y AVG
+15.76%
CURRENT VS 5Y AVG
+28.35%
CURRENT VS 10Y AVG
-3.11%
CURRENT VS 15Y AVG
-8.83%
CURRENT VS 20Y AVG
-6.17%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2026 | $8.96 | $2.18 | 24.3% |
| 2025 | $8.91 | $2.55 | 28.6% |
| 2024 | $7.35 | $2.15 | 29.3% |
| 2023 | $8.29 | $1.74 | 21.0% |
| 2022 | $7.58 | $1.52 | 20.1% |
| 2021 | $4.41 | $1.21 |
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 |
|---|---|
| 2026-08-11 | 31.80% |
| 2026-08-10 | 31.81% |
| 2026-08-07 | 31.80% |
| 2026-08-06 | 31.81% |
| 2026-08-05 | 31.80% |
| 2026-08-04 | 31.80% |
| 2026-08-03 | 31.80% |
| 2026-07-31 | 31.81% |
| 2026-07-30 | 31.81% |
| 2026-07-29 | 31.80% |
| 2026-07-28 | 31.80% |
| 2026-07-27 | 31.81% |
| 2026-07-24 | 31.80% |
| 2026-07-23 | 31.80% |
| 2026-07-22 | 31.81% |
| 2026-07-21 | 31.80% |
| 2026-07-20 | 31.80% |
| 2026-07-17 | 39.20% |
| 2026-07-16 | 30.68% |
| 2026-07-15 | 30.68% |
| 2026-07-14 | 30.68% |
| 2026-07-13 | 30.68% |
| 2026-07-10 | 30.68% |
| 2026-07-09 | 30.68% |
| 2026-07-08 | 30.69% |
| 2026-07-07 | 30.68% |
| 2026-07-06 | 30.68% |
| 2026-07-02 | 30.68% |
| 2026-07-01 | 30.68% |
| 2026-06-30 | 30.68% |
| 2026-06-29 | 30.68% |
| 2026-06-26 | 30.68% |
| 2026-06-25 | 30.68% |
| 2026-06-24 | 30.68% |
| 2026-06-23 | 30.68% |
| 2026-06-22 | 30.68% |
| 2026-06-18 | 30.68% |
| 2026-06-17 | 30.68% |
| 2026-06-16 | 30.68% |
| 2026-06-15 | 30.68% |
| 2026-06-12 | 30.68% |
| 2026-06-11 | 30.68% |
| 2026-06-10 | 30.68% |
| 2026-06-09 | 30.68% |
| 2026-06-08 | 30.69% |
| 2026-06-05 | 30.68% |
| 2026-06-04 | 30.68% |
| 2026-06-03 | 30.68% |
| 2026-06-02 | 30.69% |
| 2026-06-01 | 30.69% |
| 2026-05-29 | 30.69% |
| 2026-05-28 | 30.68% |
| 2026-05-27 | 30.68% |
| 2026-05-26 | 30.69% |
| 2026-05-22 | 30.69% |
| 2026-05-21 | 30.96% |
| 2026-05-20 | 30.96% |
| 2026-05-19 | 30.96% |
| 2026-05-18 | 30.95% |
| 2026-05-15 | 30.97% |
| 2026-05-14 | 30.96% |
| 2026-05-13 | 30.96% |
| 2026-05-12 | 30.96% |
| 2026-05-11 | 30.96% |
| 2026-05-08 | 30.97% |
| 2026-05-07 | 30.97% |
| 2026-05-06 | 30.96% |
| 2026-05-05 | 30.96% |
| 2026-05-04 | 30.96% |
| 2026-05-01 | 30.96% |
| 2026-04-30 | 30.97% |
| 2026-04-29 | 30.96% |
| 2026-04-28 | 30.97% |
| 2026-04-27 | 30.96% |
| 2026-04-24 | 30.96% |
| 2026-04-23 | 30.96% |
| 2026-04-22 | 30.96% |
| 2026-04-21 | 30.97% |
| 2026-04-20 | 30.96% |
| 2026-04-17 | 30.96% |
| 2026-04-16 | 29.83% |
| 2026-04-15 | 29.83% |
| 2026-04-14 | 29.83% |
| 2026-04-13 | 29.84% |
| 2026-04-10 | 29.83% |
| 2026-04-09 | 29.83% |
| 2026-04-08 | 29.83% |
| 2026-04-07 | 29.83% |
| 2026-04-06 | 29.84% |
| 2026-04-02 | 29.83% |
| 2026-04-01 | 29.83% |
| 2026-03-31 | 29.83% |
| 2026-03-30 | 29.83% |
| 2026-03-27 | 29.84% |
| 2026-03-26 | 29.83% |
| 2026-03-25 | 29.83% |
| 2026-03-24 | 29.73% |
| 2026-03-23 | 29.72% |
| 2026-03-20 | 29.73% |
| 2026-03-19 | 29.71% |
| 2026-03-18 | 29.71% |
| 2026-03-17 | 29.72% |
| 2026-03-16 | 29.72% |
| 2026-03-13 | 29.72% |
| 2026-03-12 | 29.71% |
| 2026-03-11 | 29.72% |
| 2026-03-10 | 29.72% |
| 2026-03-09 | 29.72% |
| 2026-03-06 | 29.72% |
| 2026-03-05 | 29.72% |
| 2026-03-04 | 29.72% |
| 2026-03-03 | 29.72% |
| 2026-03-02 | 29.73% |
| 2026-02-27 | 29.72% |
| 2026-02-26 | 29.72% |
| 2026-02-25 | 29.72% |
| 2026-02-24 | 29.71% |
| 2026-02-23 | 29.72% |
| 2026-02-20 | 29.72% |
| 2026-02-19 | 29.72% |
| 2026-02-18 | 29.72% |
| 2026-02-17 | 29.73% |
| 2026-02-13 | 29.73% |
| 2026-02-12 | 29.72% |
| 2026-02-11 | 29.72% |
| 2026-02-10 | 29.71% |
| 2026-02-09 | 29.72% |
| 2026-02-06 | 29.72% |
| 2026-02-05 | 29.72% |
| 2026-02-04 | 29.72% |
| 2026-02-03 | 29.72% |
| 2026-02-02 | 29.71% |
| 2026-01-30 | 29.72% |
| 2026-01-29 | 29.72% |
| 2026-01-28 | 29.72% |
| 2026-01-27 | 29.72% |
| 2026-01-26 | 29.72% |
| 2026-01-23 | 29.72% |
| 2026-01-22 | 29.72% |
| 2026-01-21 | 29.71% |
| 2026-01-20 | 29.72% |
| 2026-01-16 | 36.14% |
| 2026-01-15 | 28.71% |
| 2026-01-14 | 28.70% |
| 2026-01-13 | 28.70% |
| 2026-01-12 | 28.71% |
| 2026-01-09 | 28.71% |
| 2026-01-08 | 28.71% |
| 2026-01-07 | 28.71% |
| 2026-01-06 | 28.71% |
| 2026-01-05 | 28.71% |
| 2026-01-02 | 28.71% |
| 2025-12-31 | 28.70% |
| 2025-12-30 | 28.71% |
| 2025-12-29 | 28.71% |
| 2025-12-26 | 28.71% |
| 2025-12-24 | 28.71% |
| 2025-12-23 | 28.71% |
| 2025-12-22 | 28.70% |
| 2025-12-19 | 28.71% |
| 2025-12-18 | 28.71% |
| 2025-12-17 | 28.70% |
| 2025-12-16 | 28.70% |
| 2025-12-15 | 28.70% |
| 2025-12-12 | 28.71% |
| 2025-12-11 | 28.71% |
| 2025-12-10 | 28.70% |
| 2025-12-09 | 28.71% |
| 2025-12-08 | 28.70% |
| 2025-12-05 | 28.70% |
| 2025-12-04 | 28.71% |
| 2025-12-03 | 28.71% |
| 2025-12-02 | 28.71% |
| 2025-12-01 | 28.71% |
| 2025-11-28 | 28.70% |
| 2025-11-26 | 28.71% |
| 2025-11-25 | 28.71% |
| 2025-11-24 | 28.71% |
| 2025-11-21 | 28.71% |
| 2025-11-20 | 28.70% |
| 2025-11-19 | 28.71% |
| 2025-11-18 | 28.71% |
| 2025-11-17 | 28.70% |
| 2025-11-14 | 28.71% |
| 2025-11-13 | 28.70% |
| 2025-11-12 | 28.70% |
| 2025-11-11 | 28.71% |
| 2025-11-10 | 28.70% |
| 2025-11-07 | 28.70% |
| 2025-11-06 | 28.71% |
| 2025-11-05 | 28.71% |
| 2025-11-04 | 28.71% |
| 2025-11-03 | 28.70% |
| 2025-10-31 | 28.71% |
| 2025-10-30 | 28.70% |
| 2025-10-29 | 28.71% |
| 2025-10-28 | 28.70% |
| 2025-10-27 | 28.71% |
| 2025-10-24 | 28.71% |
| 2025-10-23 | 28.71% |
| 2025-10-22 | 28.70% |
| 2025-10-21 | 28.70% |
| 2025-10-20 | 28.71% |
| 2025-10-17 | 35.13% |
| 2025-10-16 | 27.70% |
| 2025-10-15 | 27.70% |
| 2025-10-14 | 27.70% |
| 2025-10-13 | 27.69% |
| 2025-10-10 | 27.70% |
| 2025-10-09 | 27.69% |
| 2025-10-08 | 27.69% |
| 2025-10-07 | 27.69% |
| 2025-10-06 | 27.69% |
| 2025-10-03 | 27.69% |
| 2025-10-02 | 27.69% |
| 2025-10-01 | 27.70% |
| 2025-09-30 | 27.69% |
| 2025-09-29 | 27.69% |
| 2025-09-26 | 27.70% |
| 2025-09-25 | 27.69% |
| 2025-09-24 | 27.69% |
| 2025-09-23 | 27.70% |
| 2025-09-22 | 27.69% |
| 2025-09-19 | 27.70% |
| 2025-09-18 | 27.69% |
| 2025-09-17 | 27.69% |
| 2025-09-16 | 27.69% |
| 2025-09-15 | 27.70% |
| 2025-09-12 | 27.69% |
| 2025-09-11 | 27.69% |
| 2025-09-10 | 27.70% |
| 2025-09-09 | 27.69% |
| 2025-09-08 | 27.69% |
| 2025-09-05 | 27.70% |
| 2025-09-04 | 27.69% |
| 2025-09-03 | 27.69% |
| 2025-09-02 | 27.69% |
| 2025-08-29 | 27.70% |
| 2025-08-28 | 28.53% |
| 2025-08-27 | 28.53% |
| 2025-08-26 | 28.52% |
| 2025-08-25 | 28.53% |
| 2025-08-22 | 28.53% |
| 2025-08-21 | 28.53% |
| 2025-08-20 | 28.53% |
| 2025-08-19 | 28.53% |
| 2025-08-18 | 28.53% |
| 2025-08-15 | 28.53% |
| 2025-08-14 | 28.52% |
| 2025-08-13 | 28.53% |
| 2025-08-12 | 28.53% |
| 2025-08-11 | 28.52% |
| 2025-08-08 | 28.53% |
| 2025-08-07 | 28.53% |
| 2025-08-06 | 28.53% |
| 2025-08-05 | 28.53% |
| 2025-08-04 | 28.52% |
| 2025-08-01 | 28.52% |
| 2025-07-31 | 28.53% |
| 2025-07-30 | 28.53% |
Showing the most recent 260 of 2,552 data points. The chart above shows the full history.
| 27.5% |
| 2020 | $2.28 | $0.98 | 43.2% |
| 2019 | $2.05 | $0.93 | 45.6% |
| 2018 | $1.55 | $0.84 | 54.2% |
| 2017 | $1.72 | $0.77 | 44.7% |
| 2016 | $1.71 | $0.73 | 42.7% |
| 2015 | $1.65 | $0.69 | 41.8% |
| 2014 | $1.44 | $0.65 | 45.1% |
| 2013 | $1.29 | $0.58 | 44.5% |
| 2012 | $1.14 | $0.44 | 38.8% |
| 2011 | $0.94 | $0.33 | 35.3% |
| 2010 | $0.37 | $0.28 | 75.1% |
| 2009 | $0.14 | $0.24 | 168.7% |
| 2008 | $0.90 | $0.24 | 26.5% |
| 2007 | $0.92 | $0.22 | 24.3% |
| 2006 | $0.93 | $0.15 | 16.1% |
| 2005 | $0.82 | $0.00 | 0.0% |
| 2004 | $0.68 | $0.00 | 0.0% |
| 2003 | $0.54 | $0.00 | 0.0% |
| 2002 | $0.33 | $0.00 | 0.0% |
| 2001 | $0.25 | $0.00 | 0.0% |
| 2000 | $0.30 | $0.00 | 0.0% |
| 1999 | $0.25 | $0.00 | 0.0% |
| 1998 | $0.20 | $0.00 | 0.0% |
| 1997 | $0.11 | $0.00 | 0.0% |
