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 32.62% is 40% above its 5-year average of 23.32%, near the high end of its 5-year range (7.62%–40.59%).
As of Sunday, July 26, 2026. 2.59% above its 12-month average of 31.80%.
Dividend Payout Ratio (32.62%) = TTM Dividends/Share ($1.85) / TTM EPS ($5.67)
DIVIDEND PAYOUT RATIO
32.62%
DIVIDEND PAYOUT RATIO AVG TTM
31.80%
DIVIDEND PAYOUT RATIO AVG 3Y
29.42%
DIVIDEND PAYOUT RATIO AVG 5Y
23.32%
DIVIDEND PAYOUT RATIO AVG 10Y
23.82%
DIVIDEND PAYOUT RATIO AVG 15Y
20.78%
DIVIDEND PAYOUT RATIO AVG 20Y
18.60%
CURRENT VS TTM AVG
+2.59%
CURRENT VS 3Y AVG
+10.88%
CURRENT VS 5Y AVG
+39.89%
CURRENT VS 10Y AVG
+36.94%
CURRENT VS 15Y AVG
+57.00%
CURRENT VS 20Y AVG
+75.35%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $5.48 | $1.75 | 31.9% |
| 2024 | $3.38 | $1.56 | 46.2% |
| 2023 | $5.02 | $1.40 | 27.9% |
| 2022 | $13.10 | $1.28 | 9.8% |
| 2021 | $12.10 | $1.28 | 10.6% |
| 2020 | ($6.84) | $1.28 |
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 |
|---|---|
| 2026-07-24 | 32.62% |
| 2026-07-23 | 32.62% |
| 2026-07-22 | 32.63% |
| 2026-07-21 | 32.62% |
| 2026-07-20 | 32.62% |
| 2026-07-17 | 32.63% |
| 2026-07-16 | 32.62% |
| 2026-07-15 | 32.62% |
| 2026-07-14 | 32.62% |
| 2026-07-13 | 32.62% |
| 2026-07-10 | 32.62% |
| 2026-07-09 | 32.62% |
| 2026-07-08 | 32.62% |
| 2026-07-07 | 32.64% |
| 2026-07-06 | 32.62% |
| 2026-07-02 | 32.62% |
| 2026-07-01 | 32.63% |
| 2026-06-30 | 32.62% |
| 2026-06-29 | 32.63% |
| 2026-06-26 | 32.63% |
| 2026-06-25 | 32.63% |
| 2026-06-24 | 32.63% |
| 2026-06-23 | 32.63% |
| 2026-06-22 | 32.63% |
| 2026-06-18 | 32.62% |
| 2026-06-17 | 32.64% |
| 2026-06-16 | 32.62% |
| 2026-06-15 | 32.64% |
| 2026-06-12 | 31.75% |
| 2026-06-11 | 31.74% |
| 2026-06-10 | 31.75% |
| 2026-06-09 | 31.75% |
| 2026-06-08 | 31.75% |
| 2026-06-05 | 31.74% |
| 2026-06-04 | 31.74% |
| 2026-06-03 | 31.76% |
| 2026-06-02 | 31.76% |
| 2026-06-01 | 31.74% |
| 2026-05-29 | 31.74% |
| 2026-05-28 | 31.74% |
| 2026-05-27 | 31.76% |
| 2026-05-26 | 31.74% |
| 2026-05-22 | 31.75% |
| 2026-05-21 | 31.76% |
| 2026-05-20 | 31.74% |
| 2026-05-19 | 31.74% |
| 2026-05-18 | 31.75% |
| 2026-05-15 | 31.74% |
| 2026-05-14 | 31.74% |
| 2026-05-13 | 31.76% |
| 2026-05-12 | 31.74% |
| 2026-05-11 | 31.74% |
| 2026-05-08 | 31.75% |
| 2026-05-07 | 31.75% |
| 2026-05-06 | 31.74% |
| 2026-05-05 | 31.75% |
| 2026-05-04 | 31.75% |
| 2026-05-01 | 31.74% |
| 2026-04-30 | 33.21% |
| 2026-04-29 | 33.20% |
| 2026-04-28 | 33.20% |
| 2026-04-27 | 33.21% |
| 2026-04-24 | 33.20% |
| 2026-04-23 | 33.20% |
| 2026-04-22 | 33.22% |
| 2026-04-21 | 33.21% |
| 2026-04-20 | 33.20% |
| 2026-04-17 | 33.22% |
| 2026-04-16 | 33.21% |
| 2026-04-15 | 33.20% |
| 2026-04-14 | 33.21% |
| 2026-04-13 | 33.21% |
| 2026-04-10 | 33.20% |
| 2026-04-09 | 33.21% |
| 2026-04-08 | 33.22% |
| 2026-04-07 | 33.20% |
| 2026-04-06 | 33.21% |
| 2026-04-02 | 33.22% |
| 2026-04-01 | 33.21% |
| 2026-03-31 | 33.20% |
| 2026-03-30 | 33.20% |
| 2026-03-27 | 33.21% |
| 2026-03-26 | 33.20% |
| 2026-03-25 | 33.20% |
| 2026-03-24 | 33.22% |
| 2026-03-23 | 33.20% |
| 2026-03-20 | 33.22% |
| 2026-03-19 | 33.20% |
| 2026-03-18 | 33.20% |
| 2026-03-17 | 33.21% |
| 2026-03-16 | 40.59% |
| 2026-03-13 | 32.29% |
| 2026-03-12 | 32.29% |
| 2026-03-11 | 32.30% |
| 2026-03-10 | 32.29% |
| 2026-03-09 | 32.29% |
| 2026-03-06 | 32.28% |
| 2026-03-05 | 32.28% |
| 2026-03-04 | 32.30% |
| 2026-03-03 | 32.30% |
| 2026-03-02 | 32.29% |
| 2026-02-27 | 32.29% |
| 2026-02-26 | 32.28% |
| 2026-02-25 | 32.29% |
| 2026-02-24 | 32.29% |
| 2026-02-23 | 32.30% |
| 2026-02-20 | 32.28% |
| 2026-02-19 | 32.30% |
| 2026-02-18 | 32.28% |
| 2026-02-17 | 32.29% |
| 2026-02-13 | 32.29% |
| 2026-02-12 | 32.29% |
| 2026-02-11 | 31.41% |
| 2026-02-10 | 31.41% |
| 2026-02-09 | 31.43% |
| 2026-02-06 | 31.41% |
| 2026-02-05 | 31.42% |
| 2026-02-04 | 31.42% |
| 2026-02-03 | 31.42% |
| 2026-02-02 | 31.42% |
| 2026-01-30 | 31.41% |
| 2026-01-29 | 31.42% |
| 2026-01-28 | 31.43% |
| 2026-01-27 | 31.41% |
| 2026-01-26 | 31.42% |
| 2026-01-23 | 31.41% |
| 2026-01-22 | 31.41% |
| 2026-01-21 | 31.43% |
| 2026-01-20 | 31.43% |
| 2026-01-16 | 31.41% |
| 2026-01-15 | 31.42% |
| 2026-01-14 | 31.41% |
| 2026-01-13 | 31.42% |
| 2026-01-12 | 31.41% |
| 2026-01-09 | 31.41% |
| 2026-01-08 | 31.43% |
| 2026-01-07 | 31.43% |
| 2026-01-06 | 31.41% |
| 2026-01-05 | 31.42% |
| 2026-01-02 | 31.42% |
| 2025-12-31 | 31.42% |
| 2025-12-30 | 31.41% |
| 2025-12-29 | 31.43% |
| 2025-12-26 | 31.43% |
| 2025-12-24 | 31.41% |
| 2025-12-23 | 31.43% |
| 2025-12-22 | 31.42% |
| 2025-12-19 | 31.43% |
| 2025-12-18 | 31.41% |
| 2025-12-17 | 31.41% |
| 2025-12-16 | 31.42% |
| 2025-12-15 | 30.51% |
| 2025-12-12 | 30.52% |
| 2025-12-11 | 30.51% |
| 2025-12-10 | 30.53% |
| 2025-12-09 | 30.52% |
| 2025-12-08 | 30.52% |
| 2025-12-05 | 30.52% |
| 2025-12-04 | 30.51% |
| 2025-12-03 | 30.53% |
| 2025-12-02 | 30.53% |
| 2025-12-01 | 30.51% |
| 2025-11-28 | 30.51% |
| 2025-11-26 | 30.52% |
| 2025-11-25 | 30.53% |
| 2025-11-24 | 30.51% |
| 2025-11-21 | 30.53% |
| 2025-11-20 | 30.52% |
| 2025-11-19 | 30.52% |
| 2025-11-18 | 30.53% |
| 2025-11-17 | 30.53% |
| 2025-11-14 | 30.52% |
| 2025-11-13 | 30.53% |
| 2025-11-12 | 30.51% |
| 2025-11-11 | 30.52% |
| 2025-11-10 | 30.52% |
| 2025-11-07 | 30.52% |
| 2025-11-06 | 30.51% |
| 2025-11-05 | 30.52% |
| 2025-11-04 | 31.78% |
| 2025-11-03 | 31.78% |
| 2025-10-31 | 31.78% |
| 2025-10-30 | 31.76% |
| 2025-10-29 | 31.79% |
| 2025-10-28 | 31.77% |
| 2025-10-27 | 31.77% |
| 2025-10-24 | 31.78% |
| 2025-10-23 | 31.78% |
| 2025-10-22 | 31.79% |
| 2025-10-21 | 31.77% |
| 2025-10-20 | 31.77% |
| 2025-10-17 | 31.78% |
| 2025-10-16 | 31.78% |
| 2025-10-15 | 31.78% |
| 2025-10-14 | 31.78% |
| 2025-10-13 | 31.77% |
| 2025-10-10 | 31.78% |
| 2025-10-09 | 31.78% |
| 2025-10-08 | 31.77% |
| 2025-10-07 | 31.78% |
| 2025-10-06 | 31.78% |
| 2025-10-03 | 31.77% |
| 2025-10-02 | 31.78% |
| 2025-10-01 | 31.78% |
| 2025-09-30 | 31.77% |
| 2025-09-29 | 31.77% |
| 2025-09-26 | 31.79% |
| 2025-09-25 | 31.77% |
| 2025-09-24 | 31.77% |
| 2025-09-23 | 31.78% |
| 2025-09-22 | 31.77% |
| 2025-09-19 | 31.78% |
| 2025-09-18 | 31.79% |
| 2025-09-17 | 31.79% |
| 2025-09-16 | 31.78% |
| 2025-09-15 | 30.85% |
| 2025-09-12 | 30.83% |
| 2025-09-11 | 30.83% |
| 2025-09-10 | 30.84% |
| 2025-09-09 | 30.84% |
| 2025-09-08 | 30.83% |
| 2025-09-05 | 30.85% |
| 2025-09-04 | 30.85% |
| 2025-09-03 | 30.83% |
| 2025-09-02 | 30.84% |
| 2025-08-29 | 30.84% |
| 2025-08-28 | 30.84% |
| 2025-08-27 | 30.85% |
| 2025-08-26 | 30.85% |
| 2025-08-25 | 30.83% |
| 2025-08-22 | 30.85% |
| 2025-08-21 | 30.85% |
| 2025-08-20 | 30.85% |
| 2025-08-19 | 30.83% |
| 2025-08-18 | 30.83% |
| 2025-08-15 | 30.85% |
| 2025-08-14 | 30.84% |
| 2025-08-13 | 30.84% |
| 2025-08-12 | 30.84% |
| 2025-08-11 | 30.85% |
| 2025-08-08 | 30.83% |
| 2025-08-07 | 30.85% |
| 2024-07-31 | 22.10% |
| 2024-07-29 | 22.09% |
| 2024-07-25 | 22.09% |
| 2024-07-23 | 22.08% |
| 2024-07-19 | 22.09% |
| 2024-07-17 | 22.09% |
| 2024-07-15 | 22.10% |
| 2024-07-11 | 22.10% |
| 2024-07-09 | 22.10% |
| 2024-07-05 | 22.10% |
| 2024-07-02 | 22.08% |
| 2024-06-28 | 22.09% |
| 2024-06-26 | 22.09% |
| 2024-06-24 | 22.08% |
| 2024-06-20 | 22.10% |
| 2024-06-17 | 22.09% |
| 2024-06-13 | 21.49% |
| 2024-06-11 | 21.50% |
Showing the most recent 260 of 1,440 data points. The chart above shows the full history.
| N/A (Loss) |
| 2019 | $3.79 | $1.28 | 33.8% |
| 2018 | ($0.01) | $1.28 | N/A (Loss) |
| 2017 | ($6.54) | $1.28 | N/A (Loss) |
| 2016 | ($0.78) | $1.28 | N/A (Loss) |
| 2015 | $1.69 | $0.81 | 47.9% |
| 2014 | $5.27 | $0.50 | 9.5% |
| 2013 | $6.16 | $0.20 | 3.2% |
| 2012 | $2.04 | $0.00 | 0.0% |
| 2011 | $11.01 | $8.70 | 79.0% |
| 2010 | $57.00 | $0.00 | 0.0% |
| 2009 | ($80.91) | $0.00 | N/A (Loss) |
| 2008 | ($753.82) | $12.40 | N/A (Loss) |
| 2007 | $48.00 | $14.60 | 30.4% |
| 2006 | $107.80 | $12.60 | 11.7% |
| 2005 | $80.60 | $11.00 | 13.6% |
| 2004 | $75.40 | $5.80 | 7.7% |
| 2003 | $62.00 | $4.48 | 7.2% |
| 2002 | $44.00 | $3.60 | 8.2% |
| 2001 | $41.00 | $3.16 | 7.7% |
| 2000 | $51.00 | $2.81 | 5.5% |
| 1999 | $47.40 | $2.53 | 5.3% |
| 1998 | $37.40 | $2.30 | 6.2% |
| 1997 | $32.67 | $2.07 | 6.3% |
| 1996 | $29.12 | $1.75 | 6.0% |
