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 108.79% is 34% above its 5-year average of 80.96%, near the high end of its 5-year range (45.15%–114.65%).
As of Thursday, August 27, 2026. 12.76% above its 12-month average of 96.48%.
Dividend Payout Ratio (108.79%) = TTM Dividends/Share ($12.60) / TTM EPS ($11.58)
DIVIDEND PAYOUT RATIO
108.79%
DIVIDEND PAYOUT RATIO AVG TTM
96.48%
DIVIDEND PAYOUT RATIO AVG 3Y
86.70%
DIVIDEND PAYOUT RATIO AVG 5Y
80.96%
DIVIDEND PAYOUT RATIO AVG 10Y
88.98%
DIVIDEND PAYOUT RATIO AVG 15Y
79.72%
DIVIDEND PAYOUT RATIO AVG 20Y
79.45%
CURRENT VS TTM AVG
+12.76%
CURRENT VS 3Y AVG
+25.48%
CURRENT VS 5Y AVG
+34.38%
CURRENT VS 10Y AVG
+22.27%
CURRENT VS 15Y AVG
+36.47%
CURRENT VS 20Y AVG
+36.93%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $12.25 | $11.70 | 95.5% |
| 2024 | $13.34 | $10.55 | 79.1% |
| 2023 | $13.67 | $9.80 | 71.7% |
| 2022 | $15.46 | $8.55 | 55.3% |
| 2021 | $10.83 | $7.63 | 70.4% |
| 2020 | $7.03 | $6.93 |
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 |
|---|---|
| 2026-08-27 | 108.79% |
| 2026-08-26 | 108.81% |
| 2026-08-25 | 108.79% |
| 2026-08-24 | 108.81% |
| 2026-08-21 | 108.82% |
| 2026-08-20 | 108.79% |
| 2026-08-19 | 108.80% |
| 2026-08-18 | 108.83% |
| 2026-08-17 | 108.80% |
| 2026-08-14 | 108.79% |
| 2026-08-13 | 108.81% |
| 2026-08-12 | 108.81% |
| 2026-08-11 | 108.81% |
| 2026-08-10 | 108.80% |
| 2026-08-07 | 108.82% |
| 2026-08-06 | 104.56% |
| 2026-08-05 | 104.55% |
| 2026-08-04 | 104.58% |
| 2026-08-03 | 104.56% |
| 2026-07-31 | 104.57% |
| 2026-07-30 | 104.58% |
| 2026-07-29 | 104.57% |
| 2026-07-28 | 104.57% |
| 2026-07-27 | 104.57% |
| 2026-07-24 | 104.56% |
| 2026-07-23 | 104.55% |
| 2026-07-22 | 104.56% |
| 2026-07-21 | 104.56% |
| 2026-07-20 | 104.57% |
| 2026-07-17 | 104.55% |
| 2026-07-16 | 104.55% |
| 2026-07-15 | 102.09% |
| 2026-07-14 | 102.06% |
| 2026-07-13 | 102.07% |
| 2026-07-10 | 102.09% |
| 2026-07-09 | 102.08% |
| 2026-07-08 | 102.06% |
| 2026-07-07 | 102.08% |
| 2026-07-06 | 102.08% |
| 2026-07-02 | 102.09% |
| 2026-07-01 | 102.08% |
| 2026-06-30 | 102.06% |
| 2026-06-29 | 102.06% |
| 2026-06-26 | 102.09% |
| 2026-06-25 | 102.08% |
| 2026-06-24 | 102.09% |
| 2026-06-23 | 102.09% |
| 2026-06-22 | 102.08% |
| 2026-06-18 | 102.07% |
| 2026-06-17 | 102.08% |
| 2026-06-16 | 102.06% |
| 2026-06-15 | 102.06% |
| 2026-06-12 | 102.06% |
| 2026-06-11 | 102.06% |
| 2026-06-10 | 102.09% |
| 2026-06-09 | 102.07% |
| 2026-06-08 | 102.08% |
| 2026-06-05 | 102.07% |
| 2026-06-04 | 102.08% |
| 2026-06-03 | 102.08% |
| 2026-06-02 | 102.09% |
| 2026-06-01 | 102.07% |
| 2026-05-29 | 102.06% |
| 2026-05-28 | 102.09% |
| 2026-05-27 | 102.06% |
| 2026-05-26 | 102.08% |
| 2026-05-22 | 102.06% |
| 2026-05-21 | 102.08% |
| 2026-05-20 | 102.07% |
| 2026-05-19 | 102.07% |
| 2026-05-18 | 102.09% |
| 2026-05-15 | 102.09% |
| 2026-05-14 | 102.08% |
| 2026-05-13 | 102.08% |
| 2026-05-12 | 102.08% |
| 2026-05-11 | 102.08% |
| 2026-05-08 | 102.06% |
| 2026-05-07 | 101.58% |
| 2026-05-06 | 101.57% |
| 2026-05-05 | 101.57% |
| 2026-05-04 | 101.57% |
| 2026-05-01 | 101.57% |
| 2026-04-30 | 101.58% |
| 2026-04-29 | 101.56% |
| 2026-04-28 | 101.58% |
| 2026-04-27 | 101.58% |
| 2026-04-24 | 101.58% |
| 2026-04-23 | 101.58% |
| 2026-04-22 | 101.57% |
| 2026-04-21 | 101.58% |
| 2026-04-20 | 101.56% |
| 2026-04-17 | 101.57% |
| 2026-04-16 | 101.57% |
| 2026-04-15 | 74.32% |
| 2026-04-14 | 99.10% |
| 2026-04-13 | 99.08% |
| 2026-04-10 | 99.09% |
| 2026-04-09 | 99.09% |
| 2026-04-08 | 99.09% |
| 2026-04-07 | 99.09% |
| 2026-04-06 | 99.10% |
| 2026-04-02 | 99.10% |
| 2026-04-01 | 99.08% |
| 2026-03-31 | 99.09% |
| 2026-03-30 | 99.09% |
| 2026-03-27 | 99.09% |
| 2026-03-26 | 99.10% |
| 2026-03-25 | 99.10% |
| 2026-03-24 | 99.08% |
| 2026-03-23 | 99.08% |
| 2026-03-20 | 99.09% |
| 2026-03-19 | 99.10% |
| 2026-03-18 | 99.09% |
| 2026-03-17 | 99.11% |
| 2026-03-16 | 99.09% |
| 2026-03-13 | 99.09% |
| 2026-03-12 | 99.09% |
| 2026-03-11 | 99.09% |
| 2026-03-10 | 99.08% |
| 2026-03-09 | 99.10% |
| 2026-03-06 | 99.10% |
| 2026-03-05 | 99.08% |
| 2026-03-04 | 99.10% |
| 2026-03-03 | 99.10% |
| 2026-03-02 | 99.10% |
| 2026-02-27 | 99.09% |
| 2026-02-26 | 93.62% |
| 2026-02-25 | 93.60% |
| 2026-02-24 | 93.61% |
| 2026-02-23 | 93.59% |
| 2026-02-20 | 93.62% |
| 2026-02-19 | 93.61% |
| 2026-02-18 | 93.61% |
| 2026-02-17 | 93.60% |
| 2026-02-13 | 93.61% |
| 2026-02-12 | 93.61% |
| 2026-02-11 | 93.60% |
| 2026-02-10 | 93.59% |
| 2026-02-09 | 93.60% |
| 2026-02-06 | 93.62% |
| 2026-02-05 | 93.59% |
| 2026-02-04 | 93.62% |
| 2026-02-03 | 93.59% |
| 2026-02-02 | 93.61% |
| 2026-01-30 | 93.59% |
| 2026-01-29 | 93.61% |
| 2026-01-28 | 93.60% |
| 2026-01-27 | 93.61% |
| 2026-01-26 | 93.60% |
| 2026-01-23 | 93.61% |
| 2026-01-22 | 93.61% |
| 2026-01-21 | 93.61% |
| 2026-01-20 | 93.59% |
| 2026-01-16 | 114.65% |
| 2026-01-15 | 91.27% |
| 2026-01-14 | 91.27% |
| 2026-01-13 | 91.28% |
| 2026-01-12 | 91.26% |
| 2026-01-09 | 91.26% |
| 2026-01-08 | 91.26% |
| 2026-01-07 | 91.28% |
| 2026-01-06 | 91.26% |
| 2026-01-05 | 91.27% |
| 2026-01-02 | 91.25% |
| 2025-12-31 | 91.25% |
| 2025-12-30 | 91.27% |
| 2025-12-29 | 91.25% |
| 2025-12-26 | 91.26% |
| 2025-12-24 | 91.27% |
| 2025-12-23 | 91.26% |
| 2025-12-22 | 91.28% |
| 2025-12-19 | 91.26% |
| 2025-12-18 | 91.26% |
| 2025-12-17 | 91.27% |
| 2025-12-16 | 91.27% |
| 2025-12-15 | 91.27% |
| 2025-12-12 | 91.26% |
| 2025-12-11 | 91.26% |
| 2025-12-10 | 91.26% |
| 2025-12-09 | 91.26% |
| 2025-12-08 | 91.28% |
| 2025-12-05 | 91.27% |
| 2025-12-04 | 91.25% |
| 2025-12-03 | 91.27% |
| 2025-12-02 | 91.27% |
| 2025-12-01 | 91.25% |
| 2025-11-28 | 91.26% |
| 2025-11-26 | 91.27% |
| 2025-11-25 | 91.26% |
| 2025-11-24 | 91.26% |
| 2025-11-21 | 91.27% |
| 2025-11-20 | 91.25% |
| 2025-11-19 | 91.28% |
| 2025-11-18 | 91.25% |
| 2025-11-17 | 91.27% |
| 2025-11-14 | 91.25% |
| 2025-11-13 | 91.26% |
| 2025-11-12 | 91.26% |
| 2025-11-11 | 91.25% |
| 2025-11-10 | 91.26% |
| 2025-11-07 | 91.27% |
| 2025-11-06 | 89.60% |
| 2025-11-05 | 89.58% |
| 2025-11-04 | 89.60% |
| 2025-11-03 | 89.59% |
| 2025-10-31 | 89.59% |
| 2025-10-30 | 89.59% |
| 2025-10-29 | 89.59% |
| 2025-10-28 | 89.58% |
| 2025-10-27 | 89.59% |
| 2025-10-24 | 89.59% |
| 2025-10-23 | 89.57% |
| 2025-10-22 | 89.60% |
| 2025-10-21 | 89.58% |
| 2025-10-20 | 89.60% |
| 2025-10-17 | 89.58% |
| 2025-10-16 | 89.59% |
| 2025-10-15 | 87.29% |
| 2025-10-14 | 87.28% |
| 2025-10-13 | 87.29% |
| 2025-10-10 | 87.30% |
| 2025-10-09 | 87.30% |
| 2025-10-08 | 87.28% |
| 2025-10-07 | 87.30% |
| 2025-10-06 | 87.28% |
| 2025-10-03 | 87.29% |
| 2025-10-02 | 87.28% |
| 2025-10-01 | 87.30% |
| 2025-09-30 | 87.30% |
| 2025-09-29 | 87.28% |
| 2025-09-26 | 87.30% |
| 2025-09-25 | 87.29% |
| 2025-09-24 | 87.28% |
| 2025-09-23 | 87.30% |
| 2025-09-22 | 87.28% |
| 2025-09-19 | 87.29% |
| 2025-09-18 | 87.28% |
| 2025-09-17 | 87.28% |
| 2025-09-16 | 87.30% |
| 2025-09-15 | 87.30% |
| 2025-09-12 | 87.30% |
| 2025-09-11 | 87.29% |
| 2025-09-10 | 87.28% |
| 2025-09-09 | 87.28% |
| 2025-09-08 | 87.30% |
| 2025-09-05 | 87.30% |
| 2025-09-04 | 87.30% |
| 2025-09-03 | 87.30% |
| 2025-09-02 | 87.29% |
| 2025-08-29 | 87.29% |
| 2025-08-28 | 87.29% |
| 2025-08-27 | 87.28% |
| 2025-08-26 | 87.30% |
| 2025-08-25 | 87.29% |
| 2025-08-22 | 87.30% |
| 2025-08-21 | 87.29% |
| 2025-08-20 | 87.30% |
| 2025-08-19 | 87.28% |
| 2025-08-18 | 87.28% |
| 2025-08-15 | 87.30% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 98.5% |
| 2019 | $6.51 | $6.40 | 98.3% |
| 2018 | $6.48 | $5.60 | 86.4% |
| 2017 | $5.12 | $4.60 | 89.8% |
| 2016 | $4.73 | $3.60 | 76.1% |
| 2015 | $4.51 | $2.80 | 62.1% |
| 2014 | $4.00 | $2.00 | 50.0% |
| 2013 | $3.42 | $1.15 | 33.6% |
| 2012 | $2.48 | $1.86 | 75.0% |
| 2011 | $2.74 | $2.23 | 81.4% |
| 2010 | $2.49 | $2.04 | 81.9% |
| 2009 | $1.40 | $1.89 | 135.0% |
| 2008 | $2.28 | $1.75 | 76.8% |
| 2007 | $2.49 | $1.31 | 52.6% |
| 2006 | $3.15 | $0.95 | 30.2% |
| 2005 | $2.69 | $0.62 | 23.0% |
| 2004 | $1.89 | $0.38 | 20.1% |
| 2003 | $1.39 | $0.20 | 14.4% |
| 2002 | $1.12 | $0.11 | 10.3% |
| 2001 | $0.94 | $0.10 | 10.6% |
| 2000 | $0.72 | $0.10 | 13.9% |
| 1999 | $1.03 | $0.10 | 9.8% |
| 1998 | $0.93 | $0.09 | 10.2% |
| 1997 | $0.73 | $0.09 | 12.8% |
| 1996 | $0.67 | $0.09 | 13.6% |
