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 22.06% is in line with its 5-year average of 20.41%, near the low end of its 5-year range (12.83%–62.38%).
As of Sunday, July 26, 2026. 24.43% above its 12-month average of 17.73%.
Dividend Payout Ratio (22.06%) = TTM Dividends/Share ($6.50) / TTM EPS ($29.47)
DIVIDEND PAYOUT RATIO
22.06%
DIVIDEND PAYOUT RATIO AVG TTM
17.73%
DIVIDEND PAYOUT RATIO AVG 3Y
19.01%
DIVIDEND PAYOUT RATIO AVG 5Y
19.11%
DIVIDEND PAYOUT RATIO AVG 10Y
24.20%
DIVIDEND PAYOUT RATIO AVG 15Y
25.79%
DIVIDEND PAYOUT RATIO AVG 20Y
24.45%
CURRENT VS TTM AVG
+24.43%
CURRENT VS 3Y AVG
+16.03%
CURRENT VS 5Y AVG
+15.43%
CURRENT VS 10Y AVG
-8.84%
CURRENT VS 15Y AVG
-14.47%
CURRENT VS 20Y AVG
-9.76%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $36.90 | $6.28 | 17.0% |
| 2024 | $33.67 | $5.79 | 17.2% |
| 2023 | $24.18 | $5.30 | 21.9% |
| 2022 | $28.29 | $4.88 | 17.2% |
| 2021 | $29.13 | $4.43 | 15.2% |
| 2020 | $12.39 | $4.09 |
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 | 22.06% |
| 2026-07-23 | 22.07% |
| 2026-07-22 | 16.16% |
| 2026-07-21 | 16.16% |
| 2026-07-20 | 16.17% |
| 2026-07-17 | 16.17% |
| 2026-07-16 | 16.16% |
| 2026-07-15 | 16.16% |
| 2026-07-14 | 16.17% |
| 2026-07-13 | 16.17% |
| 2026-07-10 | 16.16% |
| 2026-07-09 | 16.17% |
| 2026-07-08 | 16.16% |
| 2026-07-07 | 16.17% |
| 2026-07-06 | 16.16% |
| 2026-07-02 | 16.17% |
| 2026-07-01 | 16.17% |
| 2026-06-30 | 16.17% |
| 2026-06-29 | 16.16% |
| 2026-06-26 | 16.16% |
| 2026-06-25 | 16.16% |
| 2026-06-24 | 16.16% |
| 2026-06-23 | 16.16% |
| 2026-06-22 | 16.16% |
| 2026-06-18 | 16.16% |
| 2026-06-17 | 16.17% |
| 2026-06-16 | 16.16% |
| 2026-06-15 | 16.17% |
| 2026-06-12 | 16.17% |
| 2026-06-11 | 16.16% |
| 2026-06-10 | 16.17% |
| 2026-06-09 | 16.16% |
| 2026-06-08 | 16.17% |
| 2026-06-05 | 16.17% |
| 2026-06-04 | 16.17% |
| 2026-06-03 | 16.17% |
| 2026-06-02 | 16.17% |
| 2026-06-01 | 16.16% |
| 2026-05-29 | 16.16% |
| 2026-05-28 | 16.17% |
| 2026-05-27 | 16.16% |
| 2026-05-26 | 16.17% |
| 2026-05-22 | 16.17% |
| 2026-05-21 | 16.17% |
| 2026-05-20 | 16.16% |
| 2026-05-19 | 16.16% |
| 2026-05-18 | 16.17% |
| 2026-05-15 | 16.17% |
| 2026-05-14 | 16.17% |
| 2026-05-13 | 16.17% |
| 2026-05-12 | 16.16% |
| 2026-05-11 | 16.16% |
| 2026-05-08 | 16.17% |
| 2026-05-07 | 16.16% |
| 2026-05-06 | 17.87% |
| 2026-05-05 | 17.87% |
| 2026-05-04 | 22.28% |
| 2026-05-01 | 17.60% |
| 2026-04-30 | 17.60% |
| 2026-04-29 | 17.60% |
| 2026-04-28 | 17.60% |
| 2026-04-27 | 17.60% |
| 2026-04-24 | 17.60% |
| 2026-04-23 | 17.60% |
| 2026-04-22 | 17.61% |
| 2026-04-21 | 17.60% |
| 2026-04-20 | 17.61% |
| 2026-04-17 | 17.61% |
| 2026-04-16 | 17.60% |
| 2026-04-15 | 17.61% |
| 2026-04-14 | 17.61% |
| 2026-04-13 | 17.61% |
| 2026-04-10 | 17.61% |
| 2026-04-09 | 17.61% |
| 2026-04-08 | 17.60% |
| 2026-04-07 | 17.60% |
| 2026-04-06 | 17.61% |
| 2026-04-02 | 17.60% |
| 2026-04-01 | 17.60% |
| 2026-03-31 | 17.60% |
| 2026-03-30 | 17.60% |
| 2026-03-27 | 17.60% |
| 2026-03-26 | 17.61% |
| 2026-03-25 | 17.60% |
| 2026-03-24 | 17.61% |
| 2026-03-23 | 17.60% |
| 2026-03-20 | 17.60% |
| 2026-03-19 | 17.60% |
| 2026-03-18 | 17.61% |
| 2026-03-17 | 17.60% |
| 2026-03-16 | 17.60% |
| 2026-03-13 | 17.60% |
| 2026-03-12 | 17.60% |
| 2026-03-11 | 17.61% |
| 2026-03-10 | 17.61% |
| 2026-03-09 | 17.60% |
| 2026-03-06 | 17.61% |
| 2026-03-05 | 17.61% |
| 2026-03-04 | 17.61% |
| 2026-03-03 | 17.61% |
| 2026-03-02 | 17.60% |
| 2026-02-27 | 17.60% |
| 2026-02-26 | 17.60% |
| 2026-02-25 | 17.60% |
| 2026-02-24 | 17.60% |
| 2026-02-23 | 17.60% |
| 2026-02-20 | 17.60% |
| 2026-02-19 | 17.60% |
| 2026-02-18 | 17.55% |
| 2026-02-17 | 17.54% |
| 2026-02-13 | 17.55% |
| 2026-02-12 | 17.54% |
| 2026-02-11 | 17.54% |
| 2026-02-10 | 17.54% |
| 2026-02-09 | 21.60% |
| 2026-02-06 | 17.22% |
| 2026-02-05 | 17.22% |
| 2026-02-04 | 17.22% |
| 2026-02-03 | 17.22% |
| 2026-02-02 | 17.22% |
| 2026-01-30 | 17.23% |
| 2026-01-29 | 17.22% |
| 2026-01-28 | 17.22% |
| 2026-01-27 | 17.21% |
| 2026-01-26 | 17.21% |
| 2026-01-23 | 17.22% |
| 2026-01-22 | 17.22% |
| 2026-01-21 | 17.22% |
| 2026-01-20 | 17.22% |
| 2026-01-16 | 17.23% |
| 2026-01-15 | 17.22% |
| 2026-01-14 | 17.21% |
| 2026-01-13 | 17.22% |
| 2026-01-12 | 17.22% |
| 2026-01-09 | 17.22% |
| 2026-01-08 | 17.23% |
| 2026-01-07 | 17.22% |
| 2026-01-06 | 17.22% |
| 2026-01-05 | 17.22% |
| 2026-01-02 | 17.22% |
| 2025-12-31 | 17.23% |
| 2025-12-30 | 17.22% |
| 2025-12-29 | 17.22% |
| 2025-12-26 | 17.22% |
| 2025-12-24 | 17.22% |
| 2025-12-23 | 17.23% |
| 2025-12-22 | 17.22% |
| 2025-12-19 | 17.22% |
| 2025-12-18 | 17.22% |
| 2025-12-17 | 17.22% |
| 2025-12-16 | 17.22% |
| 2025-12-15 | 17.22% |
| 2025-12-12 | 17.23% |
| 2025-12-11 | 17.22% |
| 2025-12-10 | 17.21% |
| 2025-12-09 | 17.22% |
| 2025-12-08 | 17.22% |
| 2025-12-05 | 17.22% |
| 2025-12-04 | 17.22% |
| 2025-12-03 | 17.22% |
| 2025-12-02 | 17.23% |
| 2025-12-01 | 17.21% |
| 2025-11-28 | 17.22% |
| 2025-11-26 | 17.21% |
| 2025-11-25 | 17.22% |
| 2025-11-24 | 17.22% |
| 2025-11-21 | 17.22% |
| 2025-11-20 | 17.22% |
| 2025-11-19 | 17.21% |
| 2025-11-18 | 17.22% |
| 2025-11-17 | 17.22% |
| 2025-11-14 | 17.22% |
| 2025-11-13 | 17.22% |
| 2025-11-12 | 17.22% |
| 2025-11-11 | 17.22% |
| 2025-11-10 | 17.21% |
| 2025-11-07 | 12.83% |
| 2025-11-06 | 12.84% |
| 2025-11-05 | 12.83% |
| 2025-11-04 | 12.83% |
| 2025-11-03 | 16.88% |
| 2025-10-31 | 16.88% |
| 2025-10-30 | 19.17% |
| 2025-10-29 | 19.17% |
| 2025-10-28 | 19.17% |
| 2025-10-27 | 19.17% |
| 2025-10-24 | 19.17% |
| 2025-10-23 | 19.17% |
| 2025-10-22 | 19.17% |
| 2025-10-21 | 19.16% |
| 2025-10-20 | 19.17% |
| 2025-10-17 | 19.16% |
| 2025-10-16 | 19.16% |
| 2025-10-15 | 19.16% |
| 2025-10-14 | 19.17% |
| 2025-10-13 | 19.16% |
| 2025-10-10 | 19.17% |
| 2025-10-09 | 19.17% |
| 2025-10-08 | 19.16% |
| 2025-10-07 | 19.17% |
| 2025-10-06 | 19.16% |
| 2025-10-03 | 19.17% |
| 2025-10-02 | 19.17% |
| 2025-10-01 | 19.17% |
| 2025-09-30 | 19.16% |
| 2025-09-29 | 19.16% |
| 2025-09-26 | 19.16% |
| 2025-09-25 | 19.17% |
| 2025-09-24 | 19.16% |
| 2025-09-23 | 19.16% |
| 2025-09-22 | 19.16% |
| 2025-09-19 | 19.17% |
| 2025-09-18 | 19.17% |
| 2025-09-17 | 19.17% |
| 2025-09-16 | 19.17% |
| 2025-09-15 | 19.16% |
| 2025-09-12 | 19.17% |
| 2025-09-11 | 19.17% |
| 2025-09-10 | 19.17% |
| 2025-09-09 | 19.17% |
| 2025-09-08 | 19.16% |
| 2025-09-05 | 19.16% |
| 2025-09-04 | 19.17% |
| 2025-09-03 | 19.16% |
| 2025-09-02 | 19.17% |
| 2025-08-29 | 19.17% |
| 2025-08-28 | 19.16% |
| 2025-08-27 | 19.17% |
| 2025-08-26 | 19.16% |
| 2025-08-25 | 19.16% |
| 2025-08-22 | 19.16% |
| 2025-08-21 | 19.17% |
| 2025-08-20 | 19.16% |
| 2025-08-19 | 19.16% |
| 2025-08-18 | 19.16% |
| 2025-08-15 | 19.16% |
| 2025-08-14 | 19.16% |
| 2025-08-13 | 19.17% |
| 2025-08-12 | 19.17% |
| 2025-08-11 | 19.16% |
| 2025-08-08 | 19.16% |
| 2025-08-07 | 19.17% |
| 2025-08-06 | 19.17% |
| 2025-08-05 | 19.16% |
| 2025-08-04 | 25.96% |
| 2025-08-01 | 20.52% |
| 2025-07-31 | 20.53% |
| 2025-07-30 | 20.52% |
| 2025-07-29 | 20.52% |
| 2025-07-28 | 20.53% |
| 2025-07-25 | 20.53% |
| 2025-07-24 | 20.52% |
| 2025-07-23 | 20.53% |
| 2025-07-22 | 20.52% |
| 2025-07-21 | 20.52% |
| 2025-07-18 | 20.52% |
| 2025-07-17 | 20.52% |
| 2025-07-16 | 20.52% |
| 2025-07-15 | 20.52% |
| 2025-07-14 | 20.52% |
Showing the most recent 260 of 2,537 data points. The chart above shows the full history.
| 33.0% |
| 2019 | $14.12 | $3.81 | 27.0% |
| 2018 | $14.41 | $3.53 | 24.5% |
| 2017 | $9.60 | $3.24 | 33.8% |
| 2016 | $7.90 | $2.92 | 37.0% |
| 2015 | $8.60 | $2.59 | 30.1% |
| 2014 | $8.45 | $2.26 | 26.7% |
| 2013 | $6.56 | $2.01 | 30.6% |
| 2012 | $4.70 | $1.43 | 30.4% |
| 2011 | $4.71 | $0.87 | 18.5% |
| 2010 | $4.36 | $0.71 | 16.3% |
| 2009 | $2.98 | $0.68 | 22.8% |
| 2008 | ($0.18) | $0.64 | N/A (Loss) |
| 2007 | $3.45 | $0.56 | 16.2% |
| 2006 | $2.56 | $0.44 | 17.2% |
| 2005 | $2.32 | $0.11 | 4.7% |
| 2004 | $3.22 | $0.00 | 0.0% |
| 2003 | $2.95 | $0.00 | 0.0% |
| 2002 | $2.74 | $0.00 | 0.0% |
| 2001 | $0.35 | $0.00 | 0.0% |
| 2000 | $4.16 | $0.00 | 0.0% |
