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 71.82% is 11% above its 5-year average of 64.99%, around the middle of its 5-year range (47.66%–89.43%).
As of Tuesday, August 4, 2026. 4.22% above its 12-month average of 68.92%.
Dividend Payout Ratio (71.82%) = TTM Dividends/Share ($2.76) / TTM EPS ($3.84)
DIVIDEND PAYOUT RATIO
71.82%
DIVIDEND PAYOUT RATIO AVG TTM
68.92%
DIVIDEND PAYOUT RATIO AVG 3Y
67.39%
DIVIDEND PAYOUT RATIO AVG 5Y
64.95%
DIVIDEND PAYOUT RATIO AVG 10Y
63.42%
DIVIDEND PAYOUT RATIO AVG 15Y
63.13%
DIVIDEND PAYOUT RATIO AVG 20Y
62.49%
CURRENT VS TTM AVG
+4.22%
CURRENT VS 3Y AVG
+6.59%
CURRENT VS 5Y AVG
+10.59%
CURRENT VS 10Y AVG
+13.26%
CURRENT VS 15Y AVG
+13.78%
CURRENT VS 20Y AVG
+14.95%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.99 | $2.70 | 67.8% |
| 2024 | $3.91 | $2.60 | 66.5% |
| 2023 | $3.91 | $2.50 | 63.9% |
| 2022 | $3.98 | $2.41 | 60.6% |
| 2021 | $3.74 | $2.29 | 61.2% |
| 2020 | $3.65 | $2.17 |
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 |
|---|---|
| 2026-08-03 | 71.82% |
| 2026-07-31 | 71.81% |
| 2026-07-30 | 71.82% |
| 2026-07-29 | 71.80% |
| 2026-07-28 | 71.83% |
| 2026-07-27 | 71.81% |
| 2026-07-24 | 71.83% |
| 2026-07-23 | 71.83% |
| 2026-07-22 | 71.84% |
| 2026-07-21 | 71.83% |
| 2026-07-20 | 71.84% |
| 2026-07-17 | 71.82% |
| 2026-07-16 | 71.81% |
| 2026-07-15 | 71.84% |
| 2026-07-14 | 71.82% |
| 2026-07-13 | 71.82% |
| 2026-07-10 | 71.84% |
| 2026-07-09 | 71.81% |
| 2026-07-08 | 71.81% |
| 2026-07-07 | 71.84% |
| 2026-07-06 | 71.82% |
| 2026-07-02 | 71.84% |
| 2026-07-01 | 71.83% |
| 2026-06-30 | 71.84% |
| 2026-06-29 | 71.84% |
| 2026-06-26 | 71.82% |
| 2026-06-25 | 71.82% |
| 2026-06-24 | 71.84% |
| 2026-06-23 | 71.83% |
| 2026-06-22 | 71.82% |
| 2026-06-18 | 71.84% |
| 2026-06-17 | 71.82% |
| 2026-06-16 | 71.81% |
| 2026-06-15 | 71.83% |
| 2026-06-12 | 71.82% |
| 2026-06-11 | 71.81% |
| 2026-06-10 | 71.81% |
| 2026-06-09 | 71.82% |
| 2026-06-08 | 71.82% |
| 2026-06-05 | 71.81% |
| 2026-06-04 | 71.81% |
| 2026-06-03 | 71.82% |
| 2026-06-02 | 71.81% |
| 2026-06-01 | 71.83% |
| 2026-05-29 | 71.81% |
| 2026-05-28 | 71.81% |
| 2026-05-27 | 71.82% |
| 2026-05-26 | 71.83% |
| 2026-05-22 | 71.84% |
| 2026-05-21 | 71.81% |
| 2026-05-20 | 71.83% |
| 2026-05-19 | 71.84% |
| 2026-05-18 | 71.84% |
| 2026-05-15 | 89.43% |
| 2026-05-14 | 71.13% |
| 2026-05-13 | 71.11% |
| 2026-05-12 | 71.12% |
| 2026-05-11 | 71.14% |
| 2026-05-08 | 71.12% |
| 2026-05-07 | 71.13% |
| 2026-05-06 | 68.61% |
| 2026-05-05 | 68.61% |
| 2026-05-04 | 68.60% |
| 2026-05-01 | 68.62% |
| 2026-04-30 | 68.63% |
| 2026-04-29 | 68.61% |
| 2026-04-28 | 68.60% |
| 2026-04-27 | 68.62% |
| 2026-04-24 | 68.63% |
| 2026-04-23 | 68.61% |
| 2026-04-22 | 68.60% |
| 2026-04-21 | 68.62% |
| 2026-04-20 | 68.60% |
| 2026-04-17 | 68.61% |
| 2026-04-16 | 68.60% |
| 2026-04-15 | 68.63% |
| 2026-04-14 | 68.63% |
| 2026-04-13 | 68.61% |
| 2026-04-10 | 68.61% |
| 2026-04-09 | 68.63% |
| 2026-04-08 | 68.63% |
| 2026-04-07 | 68.62% |
| 2026-04-06 | 68.60% |
| 2026-04-02 | 68.63% |
| 2026-04-01 | 68.62% |
| 2026-03-31 | 68.62% |
| 2026-03-30 | 68.63% |
| 2026-03-27 | 68.61% |
| 2026-03-26 | 68.60% |
| 2026-03-25 | 68.62% |
| 2026-03-24 | 68.60% |
| 2026-03-23 | 68.61% |
| 2026-03-20 | 68.64% |
| 2026-03-19 | 68.62% |
| 2026-03-18 | 68.61% |
| 2026-03-17 | 68.63% |
| 2026-03-16 | 68.63% |
| 2026-03-13 | 68.63% |
| 2026-03-12 | 68.61% |
| 2026-03-11 | 68.62% |
| 2026-03-10 | 68.60% |
| 2026-03-09 | 68.62% |
| 2026-03-06 | 68.62% |
| 2026-03-05 | 68.63% |
| 2026-03-04 | 68.64% |
| 2026-03-03 | 68.62% |
| 2026-03-02 | 68.60% |
| 2026-02-27 | 68.63% |
| 2026-02-26 | 68.62% |
| 2026-02-25 | 68.63% |
| 2026-02-24 | 68.61% |
| 2026-02-23 | 68.61% |
| 2026-02-20 | 68.62% |
| 2026-02-19 | 68.60% |
| 2026-02-18 | 68.62% |
| 2026-02-17 | 85.58% |
| 2026-02-13 | 67.96% |
| 2026-02-12 | 67.92% |
| 2026-02-11 | 67.93% |
| 2026-02-10 | 68.27% |
| 2026-02-09 | 68.28% |
| 2026-02-06 | 68.29% |
| 2026-02-05 | 68.29% |
| 2026-02-04 | 68.28% |
| 2026-02-03 | 68.29% |
| 2026-02-02 | 68.29% |
| 2026-01-30 | 68.29% |
| 2026-01-29 | 68.30% |
| 2026-01-28 | 68.27% |
| 2026-01-27 | 68.28% |
| 2026-01-26 | 68.27% |
| 2026-01-23 | 68.28% |
| 2026-01-22 | 68.29% |
| 2026-01-21 | 68.30% |
| 2026-01-20 | 68.27% |
| 2026-01-16 | 68.28% |
| 2026-01-15 | 68.28% |
| 2026-01-14 | 68.28% |
| 2026-01-13 | 68.28% |
| 2026-01-12 | 68.29% |
| 2026-01-09 | 68.29% |
| 2026-01-08 | 68.29% |
| 2026-01-07 | 68.28% |
| 2026-01-06 | 68.27% |
| 2026-01-05 | 68.29% |
| 2026-01-02 | 68.29% |
| 2025-12-31 | 68.28% |
| 2025-12-30 | 68.27% |
| 2025-12-29 | 68.27% |
| 2025-12-26 | 68.27% |
| 2025-12-24 | 68.29% |
| 2025-12-23 | 68.27% |
| 2025-12-22 | 68.29% |
| 2025-12-19 | 68.30% |
| 2025-12-18 | 68.30% |
| 2025-12-17 | 68.30% |
| 2025-12-16 | 68.30% |
| 2025-12-15 | 68.28% |
| 2025-12-12 | 68.28% |
| 2025-12-11 | 68.29% |
| 2025-12-10 | 68.27% |
| 2025-12-09 | 68.29% |
| 2025-12-08 | 68.29% |
| 2025-12-05 | 68.28% |
| 2025-12-04 | 68.29% |
| 2025-12-03 | 68.29% |
| 2025-12-02 | 68.28% |
| 2025-12-01 | 68.29% |
| 2025-11-28 | 68.27% |
| 2025-11-26 | 68.28% |
| 2025-11-25 | 68.29% |
| 2025-11-24 | 68.27% |
| 2025-11-21 | 68.27% |
| 2025-11-20 | 68.27% |
| 2025-11-19 | 68.29% |
| 2025-11-18 | 68.28% |
| 2025-11-17 | 84.69% |
| 2025-11-14 | 67.62% |
| 2025-11-13 | 67.62% |
| 2025-11-12 | 67.61% |
| 2025-11-11 | 67.63% |
| 2025-11-10 | 67.62% |
| 2025-11-07 | 67.64% |
| 2025-11-06 | 67.63% |
| 2025-11-05 | 67.46% |
| 2025-11-04 | 67.47% |
| 2025-11-03 | 67.46% |
| 2025-10-31 | 67.47% |
| 2025-10-30 | 67.44% |
| 2025-10-29 | 67.44% |
| 2025-10-28 | 67.45% |
| 2025-10-27 | 67.44% |
| 2025-10-24 | 67.44% |
| 2025-10-23 | 67.47% |
| 2025-10-22 | 67.47% |
| 2025-10-21 | 67.44% |
| 2025-10-20 | 67.46% |
| 2025-10-17 | 67.45% |
| 2025-10-16 | 67.46% |
| 2025-10-15 | 67.45% |
| 2025-10-14 | 67.47% |
| 2025-10-13 | 67.44% |
| 2025-10-10 | 67.46% |
| 2025-10-09 | 67.47% |
| 2025-10-08 | 67.45% |
| 2025-10-07 | 67.45% |
| 2025-10-06 | 67.44% |
| 2025-10-03 | 67.47% |
| 2025-10-02 | 67.44% |
| 2025-10-01 | 67.47% |
| 2025-09-30 | 67.44% |
| 2025-09-29 | 67.48% |
| 2025-09-26 | 67.44% |
| 2025-09-25 | 67.46% |
| 2025-09-24 | 67.44% |
| 2025-09-23 | 67.47% |
| 2025-09-22 | 67.45% |
| 2025-09-19 | 67.44% |
| 2025-09-18 | 67.46% |
| 2025-09-17 | 67.44% |
| 2025-09-16 | 67.48% |
| 2025-09-15 | 67.43% |
| 2025-09-12 | 67.46% |
| 2025-09-11 | 67.47% |
| 2025-09-10 | 67.45% |
| 2025-09-09 | 67.44% |
| 2025-09-08 | 67.48% |
| 2025-09-05 | 67.48% |
| 2025-09-04 | 67.44% |
| 2025-09-03 | 67.43% |
| 2025-09-02 | 67.44% |
| 2025-08-29 | 67.48% |
| 2025-08-28 | 67.47% |
| 2025-08-27 | 67.44% |
| 2025-08-26 | 67.44% |
| 2025-08-25 | 67.47% |
| 2025-08-22 | 67.48% |
| 2025-08-21 | 67.44% |
| 2025-08-20 | 67.45% |
| 2025-08-19 | 67.44% |
| 2025-08-18 | 83.82% |
| 2025-08-15 | 66.79% |
| 2025-08-14 | 66.81% |
| 2025-08-13 | 66.82% |
| 2025-08-12 | 66.81% |
| 2025-08-11 | 66.81% |
| 2025-08-08 | 66.82% |
| 2025-08-07 | 66.79% |
| 2025-08-06 | 66.82% |
| 2025-08-05 | 66.79% |
| 2025-08-04 | 66.80% |
| 2025-08-01 | 66.78% |
| 2025-07-31 | 66.78% |
| 2025-07-30 | 67.66% |
| 2025-07-29 | 67.65% |
| 2025-07-28 | 67.64% |
| 2025-07-25 | 67.67% |
| 2025-07-24 | 67.65% |
| 2025-07-23 | 67.63% |
| 2025-07-22 | 67.64% |
Showing the most recent 260 of 2,362 data points. The chart above shows the full history.
| 59.5% |
| 2019 | $3.29 | $2.05 | 62.3% |
| 2018 | $4.75 | $1.93 | 40.6% |
| 2017 | $3.46 | $1.81 | 52.3% |
| 2016 | $1.41 | $1.68 | 119.1% |
| 2015 | ($0.71) | $1.62 | N/A (Loss) |
| 2014 | $2.95 | $1.56 | 52.9% |
| 2013 | $2.66 | $1.52 | 57.1% |
| 2012 | $2.34 | $1.48 | 63.2% |
| 2011 | $1.25 | $1.46 | 116.8% |
| 2010 | $1.76 | $1.44 | 81.8% |
| 2009 | $2.11 | $1.42 | 67.3% |
| 2008 | $2.75 | $1.40 | 50.9% |
| 2007 | $2.66 | $1.37 | 51.5% |
| 2006 | $2.44 | $1.32 | 54.1% |
| 2005 | $1.02 | $1.28 | 125.5% |
| 2004 | $1.78 | $1.24 | 69.7% |
| 2003 | $2.00 | $1.20 | 60.0% |
| 2002 | $2.28 | $1.16 | 50.9% |
| 2001 | $3.45 | $1.12 | 32.5% |
| 2000 | $2.39 | $1.08 | 45.2% |
| 1999 | $1.73 | $1.04 | 60.1% |
| 1998 | $1.19 | $1.00 | 84.0% |
| 1997 | $1.49 | $0.95 | 63.5% |
| 1996 | $1.40 | $0.92 | 65.7% |
