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 129.71% is in line with its 5-year average of 132.20%, around the middle of its 5-year range (48.83%–225.00%).
As of Friday, September 11, 2026. 2.14% below its 12-month average of 132.54%.
Dividend Payout Ratio (129.71%) = TTM Dividends/Share ($0.96) / TTM EPS ($0.74)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
129.71%
DIVIDEND PAYOUT RATIO AVG TTM
132.54%
DIVIDEND PAYOUT RATIO AVG 3Y
127.27%
DIVIDEND PAYOUT RATIO AVG 5Y
132.20%
DIVIDEND PAYOUT RATIO AVG 10Y
138.64%
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-2.14%
CURRENT VS 3Y AVG
+1.92%
CURRENT VS 5Y AVG
-1.89%
CURRENT VS 10Y AVG
-6.44%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $0.74 | $0.96 | 129.7% |
| 2024-12-31 | $0.89 | $1.01 | 113.5% |
| 2023-12-31 | $0.77 | $1.01 | 131.2% |
| 2022-12-31 | $0.63 | $0.84 | 133.3% |
| 2021-12-31 | $0.08 | $0.04 | 48.1% |
| 2020-12-31 | ($0.77) |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-09-11 | 129.71% |
| 2026-09-10 | 129.75% |
| 2026-09-09 | 129.75% |
| 2026-09-08 | 129.72% |
| 2026-09-04 | 129.72% |
| 2026-09-03 | 129.70% |
| 2026-09-02 | 129.71% |
| 2026-09-01 | 129.73% |
| 2026-08-31 | 129.71% |
| 2026-08-28 | 129.70% |
| 2026-08-27 | 129.71% |
| 2026-08-26 | 129.70% |
| 2026-08-25 | 129.72% |
| 2026-08-24 | 129.74% |
| 2026-08-21 | 129.75% |
| 2026-08-20 | 129.75% |
| 2026-08-19 | 129.74% |
| 2026-08-18 | 129.75% |
| 2026-08-17 | 129.73% |
| 2026-08-14 | 129.75% |
| 2026-08-13 | 129.75% |
| 2026-08-12 | 129.75% |
| 2026-08-11 | 129.73% |
| 2026-08-10 | 129.73% |
| 2026-08-07 | 129.70% |
| 2026-08-06 | 129.74% |
| 2026-08-05 | 131.50% |
| 2026-08-04 | 131.50% |
| 2026-08-03 | 131.48% |
| 2026-07-31 | 131.53% |
| 2026-07-30 | 131.49% |
| 2026-07-29 | 131.52% |
| 2026-07-28 | 131.50% |
| 2026-07-27 | 131.49% |
| 2026-07-24 | 131.49% |
| 2026-07-23 | 131.49% |
| 2026-07-22 | 131.51% |
| 2026-07-21 | 131.49% |
| 2026-07-20 | 131.50% |
| 2026-07-17 | 131.52% |
| 2026-07-16 | 131.53% |
| 2026-07-15 | 131.49% |
| 2026-07-14 | 131.51% |
| 2026-07-13 | 131.48% |
| 2026-07-10 | 131.48% |
| 2026-07-09 | 131.51% |
| 2026-07-08 | 131.48% |
| 2026-07-07 | 131.49% |
| 2026-07-06 | 131.49% |
| 2026-07-02 | 131.48% |
| 2026-07-01 | 131.53% |
| 2026-06-30 | 131.52% |
| 2026-06-29 | 131.52% |
| 2026-06-26 | 131.49% |
| 2026-06-25 | 131.50% |
| 2026-06-24 | 131.48% |
| 2026-06-23 | 131.51% |
| 2026-06-22 | 131.49% |
| 2026-06-18 | 131.53% |
| 2026-06-17 | 131.51% |
| 2026-06-16 | 131.48% |
| 2026-06-15 | 131.49% |
| 2026-06-12 | 131.51% |
| 2026-06-11 | 131.52% |
| 2026-06-10 | 131.53% |
| 2026-06-09 | 131.52% |
| 2026-06-08 | 131.53% |
| 2026-06-05 | 131.48% |
| 2026-06-04 | 131.53% |
| 2026-06-03 | 131.52% |
| 2026-06-02 | 131.53% |
| 2026-06-01 | 131.52% |
| 2026-05-29 | 142.44% |
| 2026-05-28 | 131.50% |
| 2026-05-27 | 131.49% |
| 2026-05-26 | 131.52% |
| 2026-05-22 | 131.49% |
| 2026-05-21 | 131.53% |
| 2026-05-20 | 131.52% |
| 2026-05-19 | 131.50% |
| 2026-05-18 | 131.50% |
| 2026-05-15 | 131.51% |
| 2026-05-14 | 131.54% |
| 2026-05-13 | 131.50% |
| 2026-05-12 | 131.54% |
| 2026-05-11 | 131.50% |
| 2026-05-08 | 131.53% |
| 2026-05-07 | 131.52% |
| 2026-05-06 | 131.49% |
| 2026-05-05 | 131.48% |
| 2026-05-04 | 129.70% |
| 2026-05-01 | 129.70% |
| 2026-04-30 | 129.71% |
| 2026-04-29 | 129.76% |
| 2026-04-28 | 129.70% |
| 2026-04-27 | 129.75% |
| 2026-04-24 | 129.70% |
| 2026-04-23 | 129.75% |
| 2026-04-22 | 129.75% |
| 2026-04-21 | 129.75% |
| 2026-04-20 | 129.71% |
| 2026-04-17 | 129.75% |
| 2026-04-16 | 129.73% |
| 2026-04-15 | 129.76% |
| 2026-04-14 | 129.74% |
| 2026-04-13 | 129.76% |
| 2026-04-10 | 129.69% |
| 2026-04-09 | 129.75% |
| 2026-04-08 | 129.70% |
| 2026-04-07 | 129.76% |
| 2026-04-06 | 129.71% |
| 2026-04-02 | 129.72% |
| 2026-04-01 | 129.75% |
| 2026-03-31 | 129.70% |
| 2026-03-30 | 129.70% |
| 2026-03-27 | 129.75% |
| 2026-03-26 | 129.72% |
| 2026-03-25 | 129.76% |
| 2026-03-24 | 129.71% |
| 2026-03-23 | 129.75% |
| 2026-03-20 | 129.71% |
| 2026-03-19 | 129.76% |
| 2026-03-18 | 129.71% |
| 2026-03-17 | 129.73% |
| 2026-03-16 | 129.74% |
| 2026-03-13 | 129.75% |
| 2026-03-12 | 129.73% |
| 2026-03-11 | 129.69% |
| 2026-03-10 | 129.73% |
| 2026-03-09 | 129.76% |
| 2026-03-06 | 129.77% |
| 2026-03-05 | 129.75% |
| 2026-03-04 | 129.75% |
| 2026-03-03 | 129.73% |
| 2026-03-02 | 129.72% |
| 2026-02-27 | 140.56% |
| 2026-02-26 | 129.76% |
| 2026-02-25 | 129.70% |
| 2026-02-24 | 129.74% |
| 2026-02-23 | 131.54% |
| 2026-02-20 | 131.52% |
| 2026-02-19 | 131.53% |
| 2026-02-18 | 131.52% |
| 2026-02-17 | 131.54% |
| 2026-02-13 | 131.52% |
| 2026-02-12 | 131.48% |
| 2026-02-11 | 131.52% |
| 2026-02-10 | 131.49% |
| 2026-02-09 | 131.49% |
| 2026-02-06 | 131.53% |
| 2026-02-05 | 131.48% |
| 2026-02-04 | 131.51% |
| 2026-02-03 | 131.49% |
| 2026-02-02 | 131.48% |
| 2026-01-30 | 142.51% |
| 2026-01-29 | 131.53% |
| 2026-01-28 | 131.54% |
| 2026-01-27 | 131.47% |
| 2026-01-26 | 131.54% |
| 2026-01-23 | 131.53% |
| 2026-01-22 | 131.52% |
| 2026-01-21 | 131.47% |
| 2026-01-20 | 131.52% |
| 2026-01-16 | 131.52% |
| 2026-01-15 | 131.53% |
| 2026-01-14 | 131.47% |
| 2026-01-13 | 131.49% |
| 2026-01-12 | 131.53% |
| 2026-01-09 | 131.54% |
| 2026-01-08 | 131.48% |
| 2026-01-07 | 131.49% |
| 2026-01-06 | 131.54% |
| 2026-01-05 | 131.51% |
| 2026-01-02 | 131.50% |
| 2025-12-31 | 131.48% |
| 2025-12-30 | 138.35% |
| 2025-12-29 | 138.33% |
| 2025-12-26 | 138.33% |
| 2025-12-24 | 138.34% |
| 2025-12-23 | 138.37% |
| 2025-12-22 | 138.38% |
| 2025-12-19 | 138.35% |
| 2025-12-18 | 138.33% |
| 2025-12-17 | 138.38% |
| 2025-12-16 | 138.38% |
| 2025-12-15 | 138.39% |
| 2025-12-12 | 138.33% |
| 2025-12-11 | 138.40% |
| 2025-12-10 | 138.33% |
| 2025-12-09 | 138.38% |
| 2025-12-08 | 138.37% |
| 2025-12-05 | 138.40% |
| 2025-12-04 | 138.36% |
| 2025-12-03 | 138.32% |
| 2025-12-02 | 138.38% |
| 2025-12-01 | 138.32% |
| 2025-11-28 | 149.34% |
| 2025-11-26 | 138.35% |
| 2025-11-25 | 138.37% |
| 2025-11-24 | 138.32% |
| 2025-11-21 | 138.39% |
| 2025-11-20 | 138.35% |
| 2025-11-19 | 138.35% |
| 2025-11-18 | 138.39% |
| 2025-11-17 | 138.39% |
| 2025-11-14 | 138.34% |
| 2025-11-13 | 138.37% |
| 2025-11-12 | 138.38% |
| 2025-11-11 | 138.38% |
| 2025-11-10 | 138.39% |
| 2025-11-07 | 138.39% |
| 2025-11-06 | 138.35% |
| 2025-11-05 | 138.37% |
| 2025-11-04 | 138.34% |
| 2025-11-03 | 134.64% |
| 2025-10-31 | 134.67% |
| 2025-10-30 | 134.67% |
| 2025-10-29 | 134.70% |
| 2025-10-28 | 134.67% |
| 2025-10-27 | 134.67% |
| 2025-10-24 | 134.67% |
| 2025-10-23 | 134.70% |
| 2025-10-22 | 134.64% |
| 2025-10-21 | 134.70% |
| 2025-10-20 | 134.67% |
| 2025-10-17 | 134.67% |
| 2025-10-16 | 134.70% |
| 2025-10-15 | 134.64% |
| 2025-10-14 | 134.67% |
| 2025-10-13 | 134.70% |
| 2025-10-10 | 134.67% |
| 2025-10-09 | 134.64% |
| 2025-10-08 | 134.67% |
| 2025-10-07 | 134.64% |
| 2025-10-06 | 134.70% |
| 2025-10-03 | 134.67% |
| 2025-10-02 | 134.64% |
| 2025-10-01 | 134.64% |
| 2025-09-30 | 134.64% |
| 2025-09-29 | 134.64% |
| 2025-09-26 | 134.67% |
| 2025-09-25 | 134.67% |
| 2025-09-24 | 134.69% |
| 2025-09-23 | 134.67% |
| 2025-09-22 | 134.69% |
| 2025-09-19 | 134.69% |
| 2025-09-18 | 134.67% |
| 2025-09-17 | 134.67% |
| 2025-09-16 | 134.69% |
| 2025-09-15 | 134.69% |
| 2025-09-12 | 134.67% |
| 2025-09-11 | 134.69% |
| 2025-09-10 | 134.69% |
| 2025-09-09 | 134.69% |
| 2025-09-08 | 134.67% |
| 2025-09-05 | 134.69% |
| 2025-09-04 | 134.67% |
| 2025-09-03 | 134.64% |
| 2025-09-02 | 134.64% |
| 2025-08-29 | 145.31% |
Showing the most recent 260 of 2,452 data points. The chart above shows the full history.
| $0.30 |
| N/A (Loss) |
| 2019-12-31 | $0.77 | $1.10 | 142.9% |
| 2018-12-31 | $0.90 | $1.30 | 144.4% |
| 2017-12-31 | $0.82 | $1.10 | 134.1% |
| 2016-12-31 | $0.76 | $1.20 | 157.9% |
| 2015-12-31 | $0.65 | $0.80 | 123.1% |
