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 40.23% is 18% below its 5-year average of 48.99%, near the low end of its 5-year range (30.84%–84.29%).
As of Friday, September 4, 2026. 1.51% below its 12-month average of 40.85%.
Dividend Payout Ratio (40.23%) = TTM Dividends/Share ($1.69) / TTM EPS ($4.20)
DIVIDEND PAYOUT RATIO
40.23%
DIVIDEND PAYOUT RATIO AVG TTM
40.85%
DIVIDEND PAYOUT RATIO AVG 3Y
43.78%
DIVIDEND PAYOUT RATIO AVG 5Y
48.99%
DIVIDEND PAYOUT RATIO AVG 10Y
45.07%
DIVIDEND PAYOUT RATIO AVG 15Y
40.05%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-1.51%
CURRENT VS 3Y AVG
-8.10%
CURRENT VS 5Y AVG
-17.87%
CURRENT VS 10Y AVG
-10.74%
CURRENT VS 15Y AVG
+0.46%
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $3.93 | $1.60 | 40.7% |
| 2024-12-31 | $3.67 | $1.44 | 39.2% |
| 2023-12-31 | $2.81 | $1.32 | 47.0% |
| 2022-12-31 | $1.97 | $1.20 | 60.9% |
| 2021-12-31 | $2.37 | $1.12 | 47.3% |
| 2020-12-31 | $1.41 |
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 | 40.23% |
| 2026-09-03 | 40.24% |
| 2026-09-02 | 40.23% |
| 2026-09-01 | 40.24% |
| 2026-08-31 | 40.24% |
| 2026-08-28 | 40.23% |
| 2026-08-27 | 49.76% |
| 2026-08-26 | 39.52% |
| 2026-08-25 | 39.52% |
| 2026-08-24 | 39.53% |
| 2026-08-21 | 39.52% |
| 2026-08-20 | 39.52% |
| 2026-08-19 | 39.53% |
| 2026-08-18 | 39.53% |
| 2026-08-17 | 39.53% |
| 2026-08-14 | 39.53% |
| 2026-08-13 | 39.53% |
| 2026-08-12 | 39.52% |
| 2026-08-11 | 39.53% |
| 2026-08-10 | 39.52% |
| 2026-08-07 | 39.53% |
| 2026-08-06 | 39.52% |
| 2026-08-05 | 39.53% |
| 2026-08-04 | 39.53% |
| 2026-08-03 | 39.52% |
| 2026-07-31 | 39.52% |
| 2026-07-30 | 39.52% |
| 2026-07-29 | 39.53% |
| 2026-07-28 | 39.52% |
| 2026-07-27 | 41.29% |
| 2026-07-24 | 41.30% |
| 2026-07-23 | 41.29% |
| 2026-07-22 | 41.29% |
| 2026-07-21 | 41.29% |
| 2026-07-20 | 41.29% |
| 2026-07-17 | 41.29% |
| 2026-07-16 | 41.29% |
| 2026-07-15 | 41.30% |
| 2026-07-14 | 41.30% |
| 2026-07-13 | 41.29% |
| 2026-07-10 | 41.29% |
| 2026-07-09 | 41.29% |
| 2026-07-08 | 41.30% |
| 2026-07-07 | 41.29% |
| 2026-07-06 | 41.30% |
| 2026-07-02 | 41.29% |
| 2026-07-01 | 41.29% |
| 2026-06-30 | 41.30% |
| 2026-06-29 | 41.30% |
| 2026-06-26 | 41.30% |
| 2026-06-25 | 41.29% |
| 2026-06-24 | 41.29% |
| 2026-06-23 | 41.29% |
| 2026-06-22 | 41.29% |
| 2026-06-18 | 41.30% |
| 2026-06-17 | 41.30% |
| 2026-06-16 | 41.30% |
| 2026-06-15 | 41.29% |
| 2026-06-12 | 41.29% |
| 2026-06-11 | 41.30% |
| 2026-06-10 | 41.29% |
| 2026-06-09 | 41.29% |
| 2026-06-08 | 41.29% |
| 2026-06-05 | 41.30% |
| 2026-06-04 | 41.30% |
| 2026-06-03 | 41.30% |
| 2026-06-02 | 41.30% |
| 2026-06-01 | 41.30% |
| 2026-05-29 | 41.30% |
| 2026-05-28 | 51.25% |
| 2026-05-27 | 40.55% |
| 2026-05-26 | 40.54% |
| 2026-05-22 | 40.54% |
| 2026-05-21 | 40.55% |
| 2026-05-20 | 40.55% |
| 2026-05-19 | 40.54% |
| 2026-05-18 | 40.55% |
| 2026-05-15 | 40.55% |
| 2026-05-14 | 40.54% |
| 2026-05-13 | 40.55% |
| 2026-05-12 | 40.55% |
| 2026-05-11 | 40.55% |
| 2026-05-08 | 40.55% |
| 2026-05-07 | 40.55% |
| 2026-05-06 | 40.55% |
| 2026-05-05 | 40.54% |
| 2026-05-04 | 40.55% |
| 2026-05-01 | 40.55% |
| 2026-04-30 | 40.54% |
| 2026-04-29 | 40.55% |
| 2026-04-28 | 40.55% |
| 2026-04-27 | 41.58% |
| 2026-04-24 | 41.58% |
| 2026-04-23 | 41.58% |
| 2026-04-22 | 41.58% |
| 2026-04-21 | 41.59% |
| 2026-04-20 | 41.58% |
| 2026-04-17 | 41.59% |
| 2026-04-16 | 41.58% |
| 2026-04-15 | 41.59% |
| 2026-04-14 | 41.59% |
| 2026-04-13 | 41.58% |
| 2026-04-10 | 41.59% |
| 2026-04-09 | 41.58% |
| 2026-04-08 | 41.59% |
| 2026-04-07 | 41.58% |
| 2026-04-06 | 41.58% |
| 2026-04-02 | 41.58% |
| 2026-04-01 | 41.58% |
| 2026-03-31 | 41.58% |
| 2026-03-30 | 41.58% |
| 2026-03-27 | 41.59% |
| 2026-03-26 | 41.58% |
| 2026-03-25 | 41.58% |
| 2026-03-24 | 41.59% |
| 2026-03-23 | 41.59% |
| 2026-03-20 | 41.58% |
| 2026-03-19 | 41.58% |
| 2026-03-18 | 41.59% |
| 2026-03-17 | 41.58% |
| 2026-03-16 | 41.59% |
| 2026-03-13 | 41.58% |
| 2026-03-12 | 41.59% |
| 2026-03-11 | 41.58% |
| 2026-03-10 | 41.58% |
| 2026-03-09 | 41.58% |
| 2026-03-06 | 41.59% |
| 2026-03-05 | 41.58% |
| 2026-03-04 | 41.58% |
| 2026-03-03 | 41.58% |
| 2026-03-02 | 41.58% |
| 2026-02-27 | 41.58% |
| 2026-02-26 | 41.59% |
| 2026-02-25 | 41.58% |
| 2026-02-24 | 41.90% |
| 2026-02-23 | 30.84% |
| 2026-02-20 | 30.85% |
| 2026-02-19 | 30.85% |
| 2026-02-18 | 30.84% |
| 2026-02-17 | 41.13% |
| 2026-02-13 | 41.13% |
| 2026-02-12 | 41.14% |
| 2026-02-11 | 41.13% |
| 2026-02-10 | 41.13% |
| 2026-02-09 | 41.13% |
| 2026-02-06 | 41.13% |
| 2026-02-05 | 41.13% |
| 2026-02-04 | 41.13% |
| 2026-02-03 | 41.13% |
| 2026-02-02 | 41.13% |
| 2026-01-30 | 41.13% |
| 2026-01-29 | 41.14% |
| 2026-01-28 | 41.13% |
| 2026-01-27 | 41.14% |
| 2026-01-26 | 41.13% |
| 2026-01-23 | 41.14% |
| 2026-01-22 | 41.13% |
| 2026-01-21 | 41.13% |
| 2026-01-20 | 41.14% |
| 2026-01-16 | 41.14% |
| 2026-01-15 | 41.14% |
| 2026-01-14 | 41.13% |
| 2026-01-13 | 41.13% |
| 2026-01-12 | 41.13% |
| 2026-01-09 | 41.13% |
| 2026-01-08 | 41.13% |
| 2026-01-07 | 41.13% |
| 2026-01-06 | 41.13% |
| 2026-01-05 | 41.13% |
| 2026-01-02 | 41.13% |
| 2025-12-31 | 41.13% |
| 2025-12-30 | 41.13% |
| 2025-12-29 | 41.13% |
| 2025-12-26 | 41.13% |
| 2025-12-24 | 41.13% |
| 2025-12-23 | 41.13% |
| 2025-12-22 | 41.13% |
| 2025-12-19 | 41.13% |
| 2025-12-18 | 41.13% |
| 2025-12-17 | 41.13% |
| 2025-12-16 | 41.13% |
| 2025-12-15 | 41.13% |
| 2025-12-12 | 41.13% |
| 2025-12-11 | 41.14% |
| 2025-12-10 | 41.13% |
| 2025-12-09 | 41.14% |
| 2025-12-08 | 41.13% |
| 2025-12-05 | 41.14% |
| 2025-12-04 | 41.13% |
| 2025-12-03 | 41.13% |
| 2025-12-02 | 41.13% |
| 2025-12-01 | 41.13% |
| 2025-11-28 | 41.13% |
| 2025-11-26 | 41.13% |
| 2025-11-25 | 50.39% |
| 2025-11-24 | 40.10% |
| 2025-11-21 | 40.10% |
| 2025-11-20 | 40.11% |
| 2025-11-19 | 40.11% |
| 2025-11-18 | 40.10% |
| 2025-11-17 | 40.10% |
| 2025-11-14 | 40.10% |
| 2025-11-13 | 40.10% |
| 2025-11-12 | 40.11% |
| 2025-11-11 | 40.10% |
| 2025-11-10 | 40.10% |
| 2025-11-07 | 40.11% |
| 2025-11-06 | 40.11% |
| 2025-11-05 | 40.11% |
| 2025-11-04 | 40.10% |
| 2025-11-03 | 40.11% |
| 2025-10-31 | 40.10% |
| 2025-10-30 | 40.10% |
| 2025-10-29 | 40.10% |
| 2025-10-28 | 40.10% |
| 2025-10-27 | 40.52% |
| 2025-10-24 | 40.52% |
| 2025-10-23 | 40.52% |
| 2025-10-22 | 40.52% |
| 2025-10-21 | 40.52% |
| 2025-10-20 | 40.52% |
| 2025-10-17 | 40.52% |
| 2025-10-16 | 40.52% |
| 2025-10-15 | 40.52% |
| 2025-10-14 | 40.52% |
| 2025-10-13 | 40.52% |
| 2025-10-10 | 40.52% |
| 2025-10-09 | 40.52% |
| 2025-10-08 | 40.52% |
| 2025-10-07 | 40.52% |
| 2025-10-06 | 40.52% |
| 2025-10-03 | 40.52% |
| 2025-10-02 | 40.52% |
| 2025-10-01 | 40.52% |
| 2025-09-30 | 40.52% |
| 2025-09-29 | 40.52% |
| 2025-09-26 | 40.52% |
| 2025-09-25 | 40.52% |
| 2025-09-24 | 40.52% |
| 2025-09-23 | 40.52% |
| 2025-09-22 | 40.52% |
| 2025-09-19 | 40.52% |
| 2025-09-18 | 40.52% |
| 2025-09-17 | 40.52% |
| 2025-09-16 | 40.52% |
| 2025-09-15 | 40.52% |
| 2025-09-12 | 40.52% |
| 2025-09-11 | 40.52% |
| 2025-09-10 | 40.51% |
| 2025-09-09 | 40.52% |
| 2025-09-08 | 40.52% |
| 2025-09-05 | 40.52% |
| 2025-09-04 | 40.52% |
| 2025-09-03 | 40.52% |
| 2025-09-02 | 40.51% |
| 2025-08-29 | 40.52% |
| 2025-08-28 | 49.88% |
| 2025-08-27 | 39.48% |
| 2025-08-26 | 39.48% |
| 2025-08-25 | 39.48% |
Showing the most recent 260 of 3,723 data points. The chart above shows the full history.
| $1.04 |
| 73.8% |
| 2019-12-31 | $2.23 | $0.96 | 43.0% |
| 2018-12-31 | $3.05 | $0.84 | 27.5% |
| 2017-12-31 | $1.84 | $0.72 | 39.1% |
| 2016-12-31 | $1.45 | $0.62 | 42.7% |
| 2015-12-31 | $1.88 | $0.56 | 30.0% |
| 2014-12-31 | $1.84 | $0.51 | 27.8% |
| 2013-12-31 | $1.23 | $0.47 | 37.9% |
| 2012-12-31 | $1.60 | $0.40 | 25.3% |
| 2011-12-31 | $1.51 | $0.10 | 6.7% |
