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 34.43% is 10% above its 5-year average of 31.25%, around the middle of its 5-year range (18.80%–42.60%).
As of Friday, September 4, 2026. 1.60% above its 12-month average of 33.89%.
Dividend Payout Ratio (34.43%) = TTM Dividends/Share ($2.09) / TTM EPS ($6.07)
DIVIDEND PAYOUT RATIO
34.43%
DIVIDEND PAYOUT RATIO AVG TTM
33.89%
DIVIDEND PAYOUT RATIO AVG 3Y
32.69%
DIVIDEND PAYOUT RATIO AVG 5Y
31.25%
DIVIDEND PAYOUT RATIO AVG 10Y
26.91%
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+1.60%
CURRENT VS 3Y AVG
+5.33%
CURRENT VS 5Y AVG
+10.20%
CURRENT VS 10Y AVG
+27.96%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $6.03 | $2.00 | 33.2% |
| 2024-12-31 | $5.47 | $1.73 | 31.6% |
| 2023-12-31 | $5.08 | $1.50 | 29.5% |
| 2022-12-31 | $4.51 | $1.30 | 28.8% |
| 2021-12-31 | $4.29 | $1.00 | 23.3% |
| 2020-12-31 | $3.44 |
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 | 34.43% |
| 2026-09-03 | 34.44% |
| 2026-09-02 | 34.44% |
| 2026-09-01 | 34.44% |
| 2026-08-31 | 34.43% |
| 2026-08-28 | 34.43% |
| 2026-08-27 | 34.43% |
| 2026-08-26 | 34.43% |
| 2026-08-25 | 34.42% |
| 2026-08-24 | 34.42% |
| 2026-08-21 | 34.44% |
| 2026-08-20 | 34.43% |
| 2026-08-19 | 34.42% |
| 2026-08-18 | 34.42% |
| 2026-08-17 | 34.43% |
| 2026-08-14 | 34.44% |
| 2026-08-13 | 34.42% |
| 2026-08-12 | 34.44% |
| 2026-08-11 | 34.42% |
| 2026-08-10 | 34.44% |
| 2026-08-07 | 34.43% |
| 2026-08-06 | 34.43% |
| 2026-08-05 | 34.67% |
| 2026-08-04 | 34.66% |
| 2026-08-03 | 34.67% |
| 2026-07-31 | 34.67% |
| 2026-07-30 | 34.66% |
| 2026-07-29 | 34.65% |
| 2026-07-28 | 34.65% |
| 2026-07-27 | 34.67% |
| 2026-07-24 | 34.67% |
| 2026-07-23 | 34.67% |
| 2026-07-22 | 34.65% |
| 2026-07-21 | 34.67% |
| 2026-07-20 | 34.67% |
| 2026-07-17 | 34.17% |
| 2026-07-16 | 34.15% |
| 2026-07-15 | 34.16% |
| 2026-07-14 | 34.15% |
| 2026-07-13 | 34.16% |
| 2026-07-10 | 34.16% |
| 2026-07-09 | 34.16% |
| 2026-07-08 | 34.15% |
| 2026-07-07 | 34.16% |
| 2026-07-06 | 34.17% |
| 2026-07-02 | 34.15% |
| 2026-07-01 | 34.15% |
| 2026-06-30 | 34.17% |
| 2026-06-29 | 34.17% |
| 2026-06-26 | 34.17% |
| 2026-06-25 | 34.17% |
| 2026-06-24 | 34.15% |
| 2026-06-23 | 34.15% |
| 2026-06-22 | 34.17% |
| 2026-06-18 | 34.15% |
| 2026-06-17 | 34.16% |
| 2026-06-16 | 34.17% |
| 2026-06-15 | 34.17% |
| 2026-06-12 | 34.17% |
| 2026-06-11 | 34.16% |
| 2026-06-10 | 34.16% |
| 2026-06-09 | 34.16% |
| 2026-06-08 | 34.16% |
| 2026-06-05 | 34.15% |
| 2026-06-04 | 34.17% |
| 2026-06-03 | 34.17% |
| 2026-06-02 | 34.17% |
| 2026-06-01 | 34.16% |
| 2026-05-29 | 34.15% |
| 2026-05-28 | 34.16% |
| 2026-05-27 | 34.16% |
| 2026-05-26 | 34.17% |
| 2026-05-22 | 34.17% |
| 2026-05-21 | 34.17% |
| 2026-05-20 | 34.17% |
| 2026-05-19 | 34.17% |
| 2026-05-18 | 34.17% |
| 2026-05-15 | 34.17% |
| 2026-05-14 | 34.17% |
| 2026-05-13 | 34.17% |
| 2026-05-12 | 34.16% |
| 2026-05-11 | 34.15% |
| 2026-05-08 | 34.17% |
| 2026-05-07 | 34.16% |
| 2026-05-06 | 34.23% |
| 2026-05-05 | 34.21% |
| 2026-05-04 | 34.22% |
| 2026-05-01 | 34.21% |
| 2026-04-30 | 34.22% |
| 2026-04-29 | 34.22% |
| 2026-04-28 | 34.22% |
| 2026-04-27 | 34.22% |
| 2026-04-24 | 34.21% |
| 2026-04-23 | 34.22% |
| 2026-04-22 | 34.22% |
| 2026-04-21 | 34.22% |
| 2026-04-20 | 42.53% |
| 2026-04-17 | 33.72% |
| 2026-04-16 | 33.71% |
| 2026-04-15 | 33.72% |
| 2026-04-14 | 33.72% |
| 2026-04-13 | 33.73% |
| 2026-04-10 | 33.72% |
| 2026-04-09 | 33.72% |
| 2026-04-08 | 33.72% |
| 2026-04-07 | 33.72% |
| 2026-04-06 | 33.71% |
| 2026-04-02 | 33.72% |
| 2026-04-01 | 33.72% |
| 2026-03-31 | 33.73% |
| 2026-03-30 | 33.71% |
| 2026-03-27 | 33.72% |
| 2026-03-26 | 33.71% |
| 2026-03-25 | 33.73% |
| 2026-03-24 | 33.73% |
| 2026-03-23 | 33.72% |
| 2026-03-20 | 33.71% |
| 2026-03-19 | 33.73% |
| 2026-03-18 | 33.72% |
| 2026-03-17 | 33.72% |
| 2026-03-16 | 33.73% |
| 2026-03-13 | 33.73% |
| 2026-03-12 | 33.72% |
| 2026-03-11 | 33.72% |
| 2026-03-10 | 33.71% |
| 2026-03-09 | 33.73% |
| 2026-03-06 | 33.72% |
| 2026-03-05 | 33.71% |
| 2026-03-04 | 33.72% |
| 2026-03-03 | 33.72% |
| 2026-03-02 | 33.72% |
| 2026-02-27 | 33.72% |
| 2026-02-26 | 33.71% |
| 2026-02-25 | 33.72% |
| 2026-02-24 | 33.72% |
| 2026-02-23 | 33.73% |
| 2026-02-20 | 33.72% |
| 2026-02-19 | 33.72% |
| 2026-02-18 | 33.72% |
| 2026-02-17 | 33.73% |
| 2026-02-13 | 33.72% |
| 2026-02-12 | 33.72% |
| 2026-02-11 | 34.17% |
| 2026-02-10 | 34.17% |
| 2026-02-09 | 34.17% |
| 2026-02-06 | 34.17% |
| 2026-02-05 | 34.18% |
| 2026-02-04 | 34.18% |
| 2026-02-03 | 34.18% |
| 2026-02-02 | 34.17% |
| 2026-01-30 | 34.17% |
| 2026-01-29 | 34.17% |
| 2026-01-28 | 34.18% |
| 2026-01-27 | 34.18% |
| 2026-01-26 | 34.17% |
| 2026-01-23 | 34.17% |
| 2026-01-22 | 34.17% |
| 2026-01-21 | 34.18% |
| 2026-01-20 | 42.60% |
| 2026-01-16 | 33.66% |
| 2026-01-15 | 33.67% |
| 2026-01-14 | 33.68% |
| 2026-01-13 | 33.67% |
| 2026-01-12 | 33.67% |
| 2026-01-09 | 33.67% |
| 2026-01-08 | 33.68% |
| 2026-01-07 | 33.68% |
| 2026-01-06 | 33.68% |
| 2026-01-05 | 33.67% |
| 2026-01-02 | 33.67% |
| 2025-12-31 | 33.67% |
| 2025-12-30 | 33.67% |
| 2025-12-29 | 33.67% |
| 2025-12-26 | 33.67% |
| 2025-12-24 | 33.68% |
| 2025-12-23 | 33.67% |
| 2025-12-22 | 33.67% |
| 2025-12-19 | 33.67% |
| 2025-12-18 | 33.68% |
| 2025-12-17 | 33.67% |
| 2025-12-16 | 33.68% |
| 2025-12-15 | 33.67% |
| 2025-12-12 | 33.68% |
| 2025-12-11 | 33.67% |
| 2025-12-10 | 33.67% |
| 2025-12-09 | 33.68% |
| 2025-12-08 | 33.67% |
| 2025-12-05 | 33.66% |
| 2025-12-04 | 33.67% |
| 2025-12-03 | 33.66% |
| 2025-12-02 | 33.67% |
| 2025-12-01 | 33.67% |
| 2025-11-28 | 33.67% |
| 2025-11-26 | 33.68% |
| 2025-11-25 | 33.67% |
| 2025-11-24 | 33.68% |
| 2025-11-21 | 33.67% |
| 2025-11-20 | 33.67% |
| 2025-11-19 | 33.67% |
| 2025-11-18 | 33.67% |
| 2025-11-17 | 33.67% |
| 2025-11-14 | 33.67% |
| 2025-11-13 | 33.67% |
| 2025-11-12 | 33.67% |
| 2025-11-11 | 33.67% |
| 2025-11-10 | 33.68% |
| 2025-11-07 | 33.67% |
| 2025-11-06 | 33.67% |
| 2025-11-05 | 33.66% |
| 2025-11-04 | 33.67% |
| 2025-11-03 | 34.43% |
| 2025-10-31 | 34.42% |
| 2025-10-30 | 33.25% |
| 2025-10-29 | 33.25% |
| 2025-10-28 | 33.26% |
| 2025-10-27 | 33.25% |
| 2025-10-24 | 33.25% |
| 2025-10-23 | 33.26% |
| 2025-10-22 | 33.25% |
| 2025-10-21 | 33.25% |
| 2025-10-20 | 33.26% |
| 2025-10-17 | 33.26% |
| 2025-10-16 | 33.26% |
| 2025-10-15 | 33.25% |
| 2025-10-14 | 33.25% |
| 2025-10-13 | 33.26% |
| 2025-10-10 | 33.26% |
| 2025-10-09 | 33.25% |
| 2025-10-08 | 33.26% |
| 2025-10-07 | 33.25% |
| 2025-10-06 | 33.25% |
| 2025-10-03 | 33.25% |
| 2025-10-02 | 33.25% |
| 2025-10-01 | 33.25% |
| 2025-09-30 | 33.25% |
| 2025-09-29 | 33.25% |
| 2025-09-26 | 33.25% |
| 2025-09-25 | 33.25% |
| 2025-09-24 | 33.25% |
| 2025-09-23 | 33.26% |
| 2025-09-22 | 33.26% |
| 2025-09-19 | 33.26% |
| 2025-09-18 | 33.26% |
| 2025-09-17 | 33.25% |
| 2025-09-16 | 33.25% |
| 2025-09-15 | 33.25% |
| 2025-09-12 | 33.26% |
| 2025-09-11 | 33.25% |
| 2025-09-10 | 33.26% |
| 2025-09-09 | 33.25% |
| 2025-09-08 | 33.25% |
| 2025-09-05 | 33.25% |
| 2025-09-04 | 33.26% |
| 2025-09-03 | 33.26% |
| 2025-09-02 | 33.25% |
| 2025-08-29 | 33.25% |
| 2025-08-28 | 33.25% |
| 2025-08-27 | 33.25% |
| 2025-08-26 | 33.25% |
| 2025-08-25 | 33.25% |
Showing the most recent 260 of 3,360 data points. The chart above shows the full history.
| $0.80 |
| 23.3% |
| 2019-12-31 | $3.14 | $0.66 | 20.9% |
| 2018-12-31 | $2.96 | $0.50 | 17.0% |
| 2017-12-31 | $1.76 | $0.42 | 23.9% |
| 2016-12-31 | $1.66 | $0.38 | 22.9% |
| 2015-12-31 | $0.68 | $0.33 | 48.8% |
| 2014-12-31 | $1.16 | $0.29 | 24.8% |
| 2013-12-31 | $1.01 | $0.20 | 19.3% |
