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 23.13% is in line with its 5-year average of 23.18%, near the low end of its 5-year range (8.45%–252.78%).
As of Tuesday, September 8, 2026. 12.65% above its 12-month average of 20.53%.
Dividend Payout Ratio (23.13%) = TTM Dividends/Share ($3.76) / TTM EPS ($16.26)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-08.
DIVIDEND PAYOUT RATIO
23.13%
DIVIDEND PAYOUT RATIO AVG TTM
20.53%
DIVIDEND PAYOUT RATIO AVG 3Y
26.02%
DIVIDEND PAYOUT RATIO AVG 5Y
23.18%
DIVIDEND PAYOUT RATIO AVG 10Y
37.22%
DIVIDEND PAYOUT RATIO AVG 15Y
43.71%
DIVIDEND PAYOUT RATIO AVG 20Y
43.07%
CURRENT VS TTM AVG
+12.65%
CURRENT VS 3Y AVG
-11.14%
CURRENT VS 5Y AVG
-0.24%
CURRENT VS 10Y AVG
-37.86%
CURRENT VS 15Y AVG
-47.09%
CURRENT VS 20Y AVG
-46.31%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $16.34 | $3.68 | 22.5% |
| 2024-12-31 | ($0.96) | $3.52 | N/A (Loss) |
| 2023-12-31 | $10.05 | $3.36 | 33.4% |
| 2022-12-31 | $9.00 | $3.28 | 36.4% |
| 2021-12-31 | $15.02 | $3.02 | 20.1% |
| 2020-12-31 | $7.68 |
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 |
|---|---|
| 2026-09-08 | 23.13% |
| 2026-09-04 | 23.13% |
| 2026-09-03 | 23.13% |
| 2026-09-02 | 23.12% |
| 2026-09-01 | 23.12% |
| 2026-08-31 | 23.12% |
| 2026-08-28 | 23.12% |
| 2026-08-27 | 23.12% |
| 2026-08-26 | 23.12% |
| 2026-08-25 | 23.12% |
| 2026-08-24 | 23.12% |
| 2026-08-21 | 23.12% |
| 2026-08-20 | 23.12% |
| 2026-08-19 | 23.12% |
| 2026-08-18 | 23.13% |
| 2026-08-17 | 23.12% |
| 2026-08-14 | 23.12% |
| 2026-08-13 | 23.12% |
| 2026-08-12 | 23.13% |
| 2026-08-11 | 23.13% |
| 2026-08-10 | 23.13% |
| 2026-08-07 | 23.13% |
| 2026-08-06 | 23.12% |
| 2026-08-05 | 23.12% |
| 2026-08-04 | 23.13% |
| 2026-08-03 | 23.12% |
| 2026-07-31 | 23.13% |
| 2026-07-30 | 23.13% |
| 2026-07-29 | 21.93% |
| 2026-07-28 | 21.94% |
| 2026-07-27 | 21.94% |
| 2026-07-24 | 21.94% |
| 2026-07-23 | 21.93% |
| 2026-07-22 | 21.94% |
| 2026-07-21 | 21.94% |
| 2026-07-20 | 21.93% |
| 2026-07-17 | 21.94% |
| 2026-07-16 | 21.93% |
| 2026-07-15 | 21.93% |
| 2026-07-14 | 21.94% |
| 2026-07-13 | 21.93% |
| 2026-07-10 | 21.94% |
| 2026-07-09 | 21.94% |
| 2026-07-08 | 21.94% |
| 2026-07-07 | 21.94% |
| 2026-07-06 | 21.93% |
| 2026-07-02 | 21.94% |
| 2026-07-01 | 21.94% |
| 2026-06-30 | 21.94% |
| 2026-06-29 | 21.70% |
| 2026-06-26 | 21.71% |
| 2026-06-25 | 21.70% |
| 2026-06-24 | 21.71% |
| 2026-06-23 | 21.71% |
| 2026-06-22 | 21.71% |
| 2026-06-18 | 21.70% |
| 2026-06-17 | 21.70% |
| 2026-06-16 | 21.71% |
| 2026-06-15 | 21.70% |
| 2026-06-12 | 21.70% |
| 2026-06-11 | 21.71% |
| 2026-06-10 | 21.71% |
| 2026-06-09 | 21.71% |
| 2026-06-08 | 21.70% |
| 2026-06-05 | 21.71% |
| 2026-06-04 | 21.71% |
| 2026-06-03 | 21.70% |
| 2026-06-02 | 21.70% |
| 2026-06-01 | 21.71% |
| 2026-05-29 | 21.71% |
| 2026-05-28 | 21.70% |
| 2026-05-27 | 21.70% |
| 2026-05-26 | 21.71% |
| 2026-05-22 | 21.71% |
| 2026-05-21 | 21.71% |
| 2026-05-20 | 21.70% |
| 2026-05-19 | 21.70% |
| 2026-05-18 | 21.71% |
| 2026-05-15 | 21.70% |
| 2026-05-14 | 21.71% |
| 2026-05-13 | 21.71% |
| 2026-05-12 | 21.70% |
| 2026-05-11 | 21.70% |
| 2026-05-08 | 21.71% |
| 2026-05-07 | 21.71% |
| 2026-05-06 | 21.71% |
| 2026-05-05 | 21.71% |
| 2026-05-04 | 21.70% |
| 2026-05-01 | 21.71% |
| 2026-04-30 | 21.71% |
| 2026-04-29 | 22.72% |
| 2026-04-28 | 22.73% |
| 2026-04-27 | 22.73% |
| 2026-04-24 | 22.73% |
| 2026-04-23 | 22.72% |
| 2026-04-22 | 22.72% |
| 2026-04-21 | 22.72% |
| 2026-04-20 | 22.73% |
| 2026-04-17 | 22.72% |
| 2026-04-16 | 22.72% |
| 2026-04-15 | 22.73% |
| 2026-04-14 | 22.72% |
| 2026-04-13 | 22.73% |
| 2026-04-10 | 22.72% |
| 2026-04-09 | 22.72% |
| 2026-04-08 | 22.73% |
| 2026-04-07 | 22.72% |
| 2026-04-06 | 22.73% |
| 2026-04-02 | 22.72% |
| 2026-04-01 | 22.72% |
| 2026-03-31 | 22.73% |
| 2026-03-30 | 22.48% |
| 2026-03-27 | 22.48% |
| 2026-03-26 | 22.48% |
| 2026-03-25 | 22.49% |
| 2026-03-24 | 22.48% |
| 2026-03-23 | 22.47% |
| 2026-03-20 | 22.48% |
| 2026-03-19 | 22.49% |
| 2026-03-18 | 22.49% |
| 2026-03-17 | 22.48% |
| 2026-03-16 | 22.49% |
| 2026-03-13 | 22.48% |
| 2026-03-12 | 22.48% |
| 2026-03-11 | 22.48% |
| 2026-03-10 | 22.48% |
| 2026-03-09 | 22.48% |
| 2026-03-06 | 22.49% |
| 2026-03-05 | 22.48% |
| 2026-03-04 | 22.48% |
| 2026-03-03 | 22.48% |
| 2026-03-02 | 22.48% |
| 2026-02-27 | 22.48% |
| 2026-02-26 | 22.48% |
| 2026-02-25 | 22.48% |
| 2026-02-24 | 17.55% |
| 2026-02-23 | 17.55% |
| 2026-02-20 | 17.55% |
| 2026-02-19 | 17.54% |
| 2026-02-18 | 17.55% |
| 2026-02-17 | 17.55% |
| 2026-02-13 | 17.55% |
| 2026-02-12 | 17.54% |
| 2026-02-11 | 17.55% |
| 2026-02-10 | 17.55% |
| 2026-02-09 | 17.54% |
| 2026-02-06 | 17.55% |
| 2026-02-05 | 17.55% |
| 2026-02-04 | 17.55% |
| 2026-02-03 | 17.55% |
| 2026-02-02 | 17.55% |
| 2026-01-30 | 17.55% |
| 2026-01-29 | 17.55% |
| 2026-01-28 | 17.55% |
| 2026-01-27 | 17.55% |
| 2026-01-26 | 17.55% |
| 2026-01-23 | 17.54% |
| 2026-01-22 | 17.55% |
| 2026-01-21 | 17.55% |
| 2026-01-20 | 17.55% |
| 2026-01-16 | 17.55% |
| 2026-01-15 | 17.54% |
| 2026-01-14 | 17.55% |
| 2026-01-13 | 17.54% |
| 2026-01-12 | 17.55% |
| 2026-01-09 | 17.55% |
| 2026-01-08 | 17.55% |
| 2026-01-07 | 17.55% |
| 2026-01-06 | 17.55% |
| 2026-01-05 | 17.55% |
| 2026-01-02 | 17.55% |
| 2025-12-31 | 17.55% |
| 2025-12-30 | 17.36% |
| 2025-12-29 | 17.35% |
| 2025-12-26 | 17.36% |
| 2025-12-24 | 17.36% |
| 2025-12-23 | 17.36% |
| 2025-12-22 | 17.36% |
| 2025-12-19 | 17.36% |
| 2025-12-18 | 17.36% |
| 2025-12-17 | 17.36% |
| 2025-12-16 | 17.36% |
| 2025-12-15 | 17.35% |
| 2025-12-12 | 17.36% |
| 2025-12-11 | 17.36% |
| 2025-12-10 | 17.36% |
| 2025-12-09 | 17.36% |
| 2025-12-08 | 17.36% |
| 2025-12-05 | 17.35% |
| 2025-12-04 | 17.36% |
| 2025-12-03 | 17.35% |
| 2025-12-02 | 17.35% |
| 2025-12-01 | 17.36% |
| 2025-11-28 | 17.36% |
| 2025-11-26 | 17.36% |
| 2025-11-25 | 17.36% |
| 2025-11-24 | 17.36% |
| 2025-11-21 | 17.35% |
| 2025-11-20 | 17.36% |
| 2025-11-19 | 17.35% |
| 2025-11-18 | 17.36% |
| 2025-11-17 | 17.35% |
| 2025-11-14 | 17.36% |
| 2025-11-13 | 17.35% |
| 2025-11-12 | 17.36% |
| 2025-11-11 | 17.36% |
| 2025-11-10 | 17.36% |
| 2025-11-07 | 17.36% |
| 2025-11-06 | 17.35% |
| 2025-11-05 | 17.36% |
| 2025-11-04 | 17.35% |
| 2025-11-03 | 17.35% |
| 2025-10-31 | 17.36% |
| 2025-10-30 | 17.36% |
| 2025-10-29 | 252.77% |
| 2025-10-28 | 252.78% |
| 2025-10-27 | 252.78% |
| 2025-10-24 | 252.77% |
| 2025-10-23 | 252.78% |
| 2025-10-22 | 252.78% |
| 2025-10-21 | 252.78% |
| 2025-10-20 | 252.78% |
| 2025-10-17 | 252.78% |
| 2025-10-16 | 252.78% |
| 2025-10-15 | 252.78% |
| 2025-10-14 | 252.78% |
| 2025-10-13 | 252.77% |
| 2025-10-10 | 252.78% |
| 2025-10-09 | 252.78% |
| 2025-10-08 | 252.78% |
| 2025-10-07 | 252.78% |
| 2025-10-06 | 252.78% |
| 2025-10-03 | 252.78% |
| 2025-10-02 | 252.78% |
| 2025-10-01 | 252.78% |
| 2025-09-30 | 252.78% |
| 2025-09-29 | 250.00% |
| 2025-09-26 | 250.00% |
| 2025-09-25 | 250.00% |
| 2025-09-24 | 250.00% |
| 2025-09-23 | 250.00% |
| 2025-09-22 | 250.00% |
| 2025-09-19 | 250.00% |
| 2025-09-18 | 250.00% |
| 2025-09-17 | 249.99% |
| 2025-09-16 | 250.00% |
| 2025-09-15 | 250.00% |
| 2025-09-12 | 250.00% |
| 2025-09-11 | 250.00% |
| 2025-09-10 | 250.00% |
| 2025-09-09 | 250.00% |
| 2025-09-08 | 250.01% |
| 2025-09-05 | 250.00% |
| 2025-09-04 | 250.00% |
| 2025-09-03 | 250.01% |
| 2025-09-02 | 250.00% |
| 2025-08-29 | 250.00% |
| 2025-08-28 | 250.00% |
| 2025-08-27 | 250.01% |
| 2025-08-26 | 250.00% |
Showing the most recent 260 of 2,435 data points. The chart above shows the full history.
| $2.75 |
| 35.8% |
| 2019-12-31 | $8.03 | $2.60 | 32.4% |
| 2018-12-31 | $5.31 | $2.40 | 45.2% |
| 2017-12-31 | $4.21 | $2.12 | 50.4% |
| 2016-12-31 | $2.28 | $1.92 | 84.2% |
| 2015-12-31 | $5.49 | $3.28 | 59.8% |
| 2014-12-31 | $5.38 | $3.18 | 59.1% |
| 2013-12-31 | $5.53 | $2.97 | 53.7% |
| 2012-12-31 | ($6.83) | $2.86 | N/A (Loss) |
| 2011-12-31 | $3.10 | $2.75 | 88.9% |
| 2010-12-31 | $7.10 | $2.75 | 38.8% |
| 2009-12-31 | $6.91 | $2.75 | 39.9% |
| 2008-12-31 | $5.43 | $2.75 | 50.7% |
| 2007-12-31 | $7.47 | $2.65 | 35.5% |
| 2006-12-31 | $7.58 | $2.49 | 32.9% |
| 2005-12-31 | $4.64 | $2.28 | 49.1% |
| 2004-12-31 | $6.78 | $1.99 | 29.4% |
| 2003-12-31 | $6.36 | $1.53 | 24.0% |
