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 21.42% is in line with its 5-year average of 20.82%, around the middle of its 5-year range (12.91%–28.89%).
As of Tuesday, September 8, 2026. 0.59% above its 12-month average of 21.29%.
Dividend Payout Ratio (21.42%) = TTM Dividends/Share ($3.54) / TTM EPS ($16.53)
DIVIDEND PAYOUT RATIO
21.42%
DIVIDEND PAYOUT RATIO AVG TTM
21.29%
DIVIDEND PAYOUT RATIO AVG 3Y
21.11%
DIVIDEND PAYOUT RATIO AVG 5Y
20.82%
DIVIDEND PAYOUT RATIO AVG 10Y
21.37%
DIVIDEND PAYOUT RATIO AVG 15Y
20.52%
DIVIDEND PAYOUT RATIO AVG 20Y
20.70%
CURRENT VS TTM AVG
+0.59%
CURRENT VS 3Y AVG
+1.47%
CURRENT VS 5Y AVG
+2.85%
CURRENT VS 10Y AVG
+0.22%
CURRENT VS 15Y AVG
+4.36%
CURRENT VS 20Y AVG
+3.48%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $15.41 | $3.16 | 20.5% |
| 2024-12-31 | $14.04 | $2.70 | 19.2% |
| 2023-12-31 | $11.23 | $2.32 | 20.7% |
| 2022-12-31 | $9.85 | $1.99 | 20.2% |
| 2021-12-31 | $10.03 | $1.72 | 17.1% |
| 2020-12-31 | $3.77 |
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 |
|---|---|
| 2026-09-08 | 21.42% |
| 2026-09-04 | 21.41% |
| 2026-09-03 | 21.41% |
| 2026-09-02 | 21.41% |
| 2026-09-01 | 21.41% |
| 2026-08-31 | 21.41% |
| 2026-08-28 | 21.42% |
| 2026-08-27 | 21.42% |
| 2026-08-26 | 21.42% |
| 2026-08-25 | 21.41% |
| 2026-08-24 | 21.42% |
| 2026-08-21 | 21.42% |
| 2026-08-20 | 21.41% |
| 2026-08-19 | 21.41% |
| 2026-08-18 | 21.42% |
| 2026-08-17 | 21.42% |
| 2026-08-14 | 21.42% |
| 2026-08-13 | 21.42% |
| 2026-08-12 | 21.42% |
| 2026-08-11 | 21.42% |
| 2026-08-10 | 21.42% |
| 2026-08-07 | 21.41% |
| 2026-08-06 | 21.42% |
| 2026-08-05 | 21.41% |
| 2026-08-04 | 21.41% |
| 2026-08-03 | 21.41% |
| 2026-07-31 | 21.41% |
| 2026-07-30 | 21.42% |
| 2026-07-29 | 21.41% |
| 2026-07-28 | 21.41% |
| 2026-07-27 | 21.42% |
| 2026-07-24 | 21.41% |
| 2026-07-23 | 22.08% |
| 2026-07-22 | 22.09% |
| 2026-07-21 | 22.08% |
| 2026-07-20 | 22.08% |
| 2026-07-17 | 22.09% |
| 2026-07-16 | 22.09% |
| 2026-07-15 | 22.08% |
| 2026-07-14 | 22.08% |
| 2026-07-13 | 22.08% |
| 2026-07-10 | 22.08% |
| 2026-07-09 | 22.08% |
| 2026-07-08 | 22.09% |
| 2026-07-07 | 22.09% |
| 2026-07-06 | 22.08% |
| 2026-07-02 | 27.20% |
| 2026-07-01 | 21.27% |
| 2026-06-30 | 21.27% |
| 2026-06-29 | 21.28% |
| 2026-06-26 | 21.27% |
| 2026-06-25 | 21.27% |
| 2026-06-24 | 21.27% |
| 2026-06-23 | 21.27% |
| 2026-06-22 | 21.27% |
| 2026-06-18 | 21.28% |
| 2026-06-17 | 21.27% |
| 2026-06-16 | 21.28% |
| 2026-06-15 | 21.27% |
| 2026-06-12 | 21.27% |
| 2026-06-11 | 21.27% |
| 2026-06-10 | 21.28% |
| 2026-06-09 | 21.27% |
| 2026-06-08 | 21.27% |
| 2026-06-05 | 21.27% |
| 2026-06-04 | 21.28% |
| 2026-06-03 | 21.27% |
| 2026-06-02 | 21.27% |
| 2026-06-01 | 21.27% |
| 2026-05-29 | 21.27% |
| 2026-05-28 | 21.27% |
| 2026-05-27 | 21.28% |
| 2026-05-26 | 21.27% |
| 2026-05-22 | 21.27% |
| 2026-05-21 | 21.27% |
| 2026-05-20 | 21.28% |
| 2026-05-19 | 21.28% |
| 2026-05-18 | 21.27% |
| 2026-05-15 | 21.28% |
| 2026-05-14 | 21.27% |
| 2026-05-13 | 21.27% |
| 2026-05-12 | 21.28% |
| 2026-05-11 | 21.27% |
| 2026-05-08 | 21.27% |
| 2026-05-07 | 21.27% |
| 2026-05-06 | 21.27% |
| 2026-05-05 | 21.27% |
| 2026-05-04 | 21.27% |
| 2026-05-01 | 21.27% |
| 2026-04-30 | 21.27% |
| 2026-04-29 | 21.27% |
| 2026-04-28 | 21.28% |
| 2026-04-27 | 21.27% |
| 2026-04-24 | 21.27% |
| 2026-04-23 | 21.27% |
| 2026-04-22 | 22.16% |
| 2026-04-21 | 22.16% |
| 2026-04-20 | 22.15% |
| 2026-04-17 | 22.15% |
| 2026-04-16 | 22.16% |
| 2026-04-15 | 22.16% |
| 2026-04-14 | 22.15% |
| 2026-04-13 | 22.16% |
| 2026-04-10 | 22.16% |
| 2026-04-09 | 22.16% |
| 2026-04-08 | 22.15% |
| 2026-04-07 | 22.16% |
| 2026-04-06 | 22.16% |
| 2026-04-02 | 27.48% |
| 2026-04-01 | 21.32% |
| 2026-03-31 | 21.31% |
| 2026-03-30 | 21.31% |
| 2026-03-27 | 21.31% |
| 2026-03-26 | 21.31% |
| 2026-03-25 | 21.31% |
| 2026-03-24 | 21.31% |
| 2026-03-23 | 21.32% |
| 2026-03-20 | 21.31% |
| 2026-03-19 | 21.31% |
| 2026-03-18 | 21.31% |
| 2026-03-17 | 21.31% |
| 2026-03-16 | 21.32% |
| 2026-03-13 | 21.31% |
| 2026-03-12 | 21.32% |
| 2026-03-11 | 21.31% |
| 2026-03-10 | 21.31% |
| 2026-03-09 | 21.31% |
| 2026-03-06 | 21.31% |
| 2026-03-05 | 21.31% |
| 2026-03-04 | 21.31% |
| 2026-03-03 | 21.31% |
| 2026-03-02 | 21.32% |
| 2026-02-27 | 21.31% |
| 2026-02-26 | 21.31% |
| 2026-02-25 | 21.31% |
| 2026-02-24 | 21.31% |
| 2026-02-23 | 21.31% |
| 2026-02-20 | 21.31% |
| 2026-02-19 | 21.31% |
| 2026-02-18 | 21.31% |
| 2026-02-17 | 21.32% |
| 2026-02-13 | 21.31% |
| 2026-02-12 | 21.31% |
| 2026-02-11 | 21.32% |
| 2026-02-10 | 21.31% |
| 2026-02-09 | 21.31% |
| 2026-02-06 | 21.32% |
| 2026-02-05 | 22.01% |
| 2026-02-04 | 22.02% |
| 2026-02-03 | 22.02% |
| 2026-02-02 | 22.01% |
| 2026-01-30 | 22.02% |
| 2026-01-29 | 22.01% |
| 2026-01-28 | 22.01% |
| 2026-01-27 | 22.01% |
| 2026-01-26 | 22.01% |
| 2026-01-23 | 22.01% |
| 2026-01-22 | 22.01% |
| 2026-01-21 | 22.01% |
| 2026-01-20 | 22.02% |
| 2026-01-16 | 22.01% |
| 2026-01-15 | 22.01% |
| 2026-01-14 | 22.01% |
| 2026-01-13 | 22.02% |
| 2026-01-12 | 22.01% |
| 2026-01-09 | 22.01% |
| 2026-01-08 | 22.01% |
| 2026-01-07 | 22.01% |
| 2026-01-06 | 22.01% |
| 2026-01-05 | 22.01% |
| 2026-01-02 | 26.72% |
| 2025-12-31 | 21.21% |
| 2025-12-30 | 21.21% |
| 2025-12-29 | 21.21% |
| 2025-12-26 | 21.20% |
| 2025-12-24 | 21.21% |
| 2025-12-23 | 21.21% |
| 2025-12-22 | 21.21% |
| 2025-12-19 | 21.21% |
| 2025-12-18 | 21.21% |
| 2025-12-17 | 21.21% |
| 2025-12-16 | 21.20% |
| 2025-12-15 | 21.21% |
| 2025-12-12 | 21.21% |
| 2025-12-11 | 21.21% |
| 2025-12-10 | 21.21% |
| 2025-12-09 | 21.21% |
| 2025-12-08 | 21.20% |
| 2025-12-05 | 21.21% |
| 2025-12-04 | 21.21% |
| 2025-12-03 | 21.21% |
| 2025-12-02 | 21.21% |
| 2025-12-01 | 21.21% |
| 2025-11-28 | 21.20% |
| 2025-11-26 | 21.21% |
| 2025-11-25 | 21.21% |
| 2025-11-24 | 21.21% |
| 2025-11-21 | 21.20% |
| 2025-11-20 | 21.20% |
| 2025-11-19 | 21.21% |
| 2025-11-18 | 21.21% |
| 2025-11-17 | 21.21% |
| 2025-11-14 | 21.21% |
| 2025-11-13 | 21.21% |
| 2025-11-12 | 21.21% |
| 2025-11-11 | 21.21% |
| 2025-11-10 | 21.21% |
| 2025-11-07 | 21.20% |
| 2025-11-06 | 21.21% |
| 2025-11-05 | 21.21% |
| 2025-11-04 | 21.20% |
| 2025-11-03 | 21.21% |
| 2025-10-31 | 21.21% |
| 2025-10-30 | 21.21% |
| 2025-10-29 | 21.21% |
| 2025-10-28 | 21.21% |
| 2025-10-27 | 21.21% |
| 2025-10-24 | 21.21% |
| 2025-10-23 | 21.21% |
| 2025-10-22 | 21.20% |
| 2025-10-21 | 21.21% |
| 2025-10-20 | 21.21% |
| 2025-10-17 | 21.21% |
| 2025-10-16 | 22.18% |
| 2025-10-15 | 22.17% |
| 2025-10-14 | 22.18% |
| 2025-10-13 | 22.18% |
| 2025-10-10 | 22.17% |
| 2025-10-09 | 16.42% |
| 2025-10-08 | 16.42% |
| 2025-10-07 | 16.42% |
| 2025-10-06 | 16.42% |
| 2025-10-03 | 21.33% |
| 2025-10-02 | 21.33% |
| 2025-10-01 | 21.34% |
| 2025-09-30 | 21.33% |
| 2025-09-29 | 21.33% |
| 2025-09-26 | 21.34% |
| 2025-09-25 | 21.33% |
| 2025-09-24 | 21.33% |
| 2025-09-23 | 21.33% |
| 2025-09-22 | 21.33% |
| 2025-09-19 | 21.33% |
| 2025-09-18 | 21.34% |
| 2025-09-17 | 21.33% |
| 2025-09-16 | 21.33% |
| 2025-09-15 | 21.34% |
| 2025-09-12 | 21.33% |
| 2025-09-11 | 21.33% |
| 2025-09-10 | 21.33% |
| 2025-09-09 | 21.33% |
| 2025-09-08 | 21.34% |
| 2025-09-05 | 21.33% |
| 2025-09-04 | 21.33% |
| 2025-09-03 | 21.34% |
| 2025-09-02 | 21.33% |
| 2025-08-29 | 21.34% |
| 2025-08-28 | 21.34% |
| 2025-08-27 | 21.33% |
| 2025-08-26 | 21.33% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| $1.72 |
| 45.6% |
| 2019-12-31 | $8.01 | $1.60 | 20.0% |
| 2018-12-31 | $8.09 | $1.44 | 17.8% |
| 2017-12-31 | $2.98 | $1.31 | 44.0% |
| 2016-12-31 | $5.67 | $1.19 | 21.0% |
| 2015-12-31 | $5.07 | $1.10 | 21.7% |
| 2014-12-31 | $5.58 | $0.98 | 17.6% |
| 2013-12-31 | $4.91 | $0.86 | 17.5% |
| 2012-12-31 | $3.91 | $0.78 | 19.9% |
| 2011-12-31 | $4.14 | $0.72 | 17.4% |
| 2010-12-31 | $3.37 | $0.72 | 21.4% |
| 2009-12-31 | $1.54 | $0.72 | 46.8% |
| 2008-12-31 | $2.34 | $0.72 | 30.8% |
| 2007-12-31 | $3.42 | $0.60 | 17.5% |
| 2006-12-31 | $3.06 | $0.54 | 17.6% |
| 2005-12-31 | $3.03 | $0.44 | 14.4% |
| 2004-12-31 | $2.74 | $0.28 | 10.2% |
| 2003-12-31 | $2.33 | $0.33 | 14.3% |
| 2002-12-31 | $2.02 | $0.35 | 17.3% |
| 2001-12-31 | $0.99 | $0.28 | 28.3% |
| 2000-12-31 | $2.12 | $0.28 | 13.0% |
| 1999-12-31 | $1.85 | $0.26 | 14.2% |
| 1998-12-31 | $1.57 | $0.20 | 12.5% |
| 1997-12-31 | $1.43 | $0.26 | 18.4% |
| 1996-12-31 | $1.30 | $0.33 | 25.2% |
