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 52.29% is in line with its 5-year average of 51.82%, around the middle of its 5-year range (33.08%–75.00%).
As of Sunday, July 26, 2026. 0.83% below its 12-month average of 52.73%.
Dividend Payout Ratio (52.29%) = TTM Dividends/Share ($21.88) / TTM EPS ($41.84)
DIVIDEND PAYOUT RATIO
52.29%
DIVIDEND PAYOUT RATIO AVG TTM
52.73%
DIVIDEND PAYOUT RATIO AVG 3Y
52.93%
DIVIDEND PAYOUT RATIO AVG 5Y
51.84%
DIVIDEND PAYOUT RATIO AVG 10Y
50.45%
DIVIDEND PAYOUT RATIO AVG 15Y
47.16%
DIVIDEND PAYOUT RATIO AVG 20Y
46.96%
CURRENT VS TTM AVG
-0.83%
CURRENT VS 3Y AVG
-1.21%
CURRENT VS 5Y AVG
+0.86%
CURRENT VS 10Y AVG
+3.65%
CURRENT VS 15Y AVG
+10.89%
CURRENT VS 20Y AVG
+11.35%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $35.84 | $20.84 | 58.1% |
| 2024 | $42.45 | $20.40 | 48.1% |
| 2023 | $36.85 | $20.00 | 54.3% |
| 2022 | $34.31 | $19.52 | 56.9% |
| 2021 | $38.76 | $16.52 | 42.6% |
| 2020 | $32.13 | $14.52 |
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 | 52.29% |
| 2026-07-23 | 52.30% |
| 2026-07-22 | 52.29% |
| 2026-07-21 | 52.28% |
| 2026-07-20 | 52.29% |
| 2026-07-17 | 52.30% |
| 2026-07-16 | 52.29% |
| 2026-07-15 | 52.29% |
| 2026-07-14 | 54.92% |
| 2026-07-13 | 54.91% |
| 2026-07-10 | 54.93% |
| 2026-07-09 | 54.91% |
| 2026-07-08 | 54.92% |
| 2026-07-07 | 54.93% |
| 2026-07-06 | 54.92% |
| 2026-07-02 | 54.91% |
| 2026-07-01 | 54.92% |
| 2026-06-30 | 54.93% |
| 2026-06-29 | 54.92% |
| 2026-06-26 | 54.91% |
| 2026-06-25 | 54.93% |
| 2026-06-24 | 54.91% |
| 2026-06-23 | 54.93% |
| 2026-06-22 | 54.92% |
| 2026-06-18 | 54.92% |
| 2026-06-17 | 54.92% |
| 2026-06-16 | 54.92% |
| 2026-06-15 | 54.93% |
| 2026-06-12 | 54.91% |
| 2026-06-11 | 54.93% |
| 2026-06-10 | 54.92% |
| 2026-06-09 | 54.92% |
| 2026-06-08 | 54.92% |
| 2026-06-05 | 54.92% |
| 2026-06-04 | 53.62% |
| 2026-06-03 | 53.61% |
| 2026-06-02 | 53.62% |
| 2026-06-01 | 53.61% |
| 2026-05-29 | 53.62% |
| 2026-05-28 | 53.62% |
| 2026-05-27 | 53.62% |
| 2026-05-26 | 53.61% |
| 2026-05-22 | 53.61% |
| 2026-05-21 | 53.61% |
| 2026-05-20 | 53.60% |
| 2026-05-19 | 53.61% |
| 2026-05-18 | 53.62% |
| 2026-05-15 | 53.62% |
| 2026-05-14 | 53.61% |
| 2026-05-13 | 53.61% |
| 2026-05-12 | 53.61% |
| 2026-05-11 | 53.61% |
| 2026-05-08 | 53.62% |
| 2026-05-07 | 53.61% |
| 2026-05-06 | 53.62% |
| 2026-05-05 | 53.62% |
| 2026-05-04 | 53.61% |
| 2026-05-01 | 53.62% |
| 2026-04-30 | 53.62% |
| 2026-04-29 | 53.62% |
| 2026-04-28 | 53.62% |
| 2026-04-27 | 53.62% |
| 2026-04-24 | 53.62% |
| 2026-04-23 | 53.61% |
| 2026-04-22 | 53.62% |
| 2026-04-21 | 53.62% |
| 2026-04-20 | 53.62% |
| 2026-04-17 | 53.62% |
| 2026-04-16 | 53.62% |
| 2026-04-15 | 53.61% |
| 2026-04-14 | 53.61% |
| 2026-04-13 | 53.61% |
| 2026-04-10 | 53.61% |
| 2026-04-09 | 53.61% |
| 2026-04-08 | 53.62% |
| 2026-04-07 | 53.62% |
| 2026-04-06 | 53.61% |
| 2026-04-02 | 60.31% |
| 2026-04-01 | 60.31% |
| 2026-03-31 | 60.30% |
| 2026-03-30 | 60.30% |
| 2026-03-27 | 60.32% |
| 2026-03-26 | 60.30% |
| 2026-03-25 | 60.31% |
| 2026-03-24 | 60.31% |
| 2026-03-23 | 60.29% |
| 2026-03-20 | 60.30% |
| 2026-03-19 | 60.30% |
| 2026-03-18 | 60.31% |
| 2026-03-17 | 60.30% |
| 2026-03-16 | 60.30% |
| 2026-03-13 | 60.30% |
| 2026-03-12 | 60.31% |
| 2026-03-11 | 60.30% |
| 2026-03-10 | 60.30% |
| 2026-03-09 | 60.31% |
| 2026-03-06 | 75.00% |
| 2026-03-05 | 58.84% |
| 2026-03-04 | 58.83% |
| 2026-03-03 | 58.84% |
| 2026-03-02 | 58.83% |
| 2026-02-27 | 58.84% |
| 2026-02-26 | 58.83% |
| 2026-02-25 | 58.84% |
| 2026-02-24 | 53.57% |
| 2026-02-23 | 53.57% |
| 2026-02-20 | 53.57% |
| 2026-02-19 | 53.58% |
| 2026-02-18 | 53.58% |
| 2026-02-17 | 53.58% |
| 2026-02-13 | 53.58% |
| 2026-02-12 | 53.58% |
| 2026-02-11 | 53.58% |
| 2026-02-10 | 53.57% |
| 2026-02-09 | 53.57% |
| 2026-02-06 | 53.58% |
| 2026-02-05 | 53.58% |
| 2026-02-04 | 53.56% |
| 2026-02-03 | 53.58% |
| 2026-02-02 | 53.57% |
| 2026-01-30 | 53.56% |
| 2026-01-29 | 53.57% |
| 2026-01-28 | 53.56% |
| 2026-01-27 | 53.57% |
| 2026-01-26 | 53.57% |
| 2026-01-23 | 53.58% |
| 2026-01-22 | 53.58% |
| 2026-01-21 | 53.57% |
| 2026-01-20 | 53.58% |
| 2026-01-16 | 53.57% |
| 2026-01-15 | 53.57% |
| 2026-01-14 | 53.58% |
| 2026-01-13 | 53.58% |
| 2026-01-12 | 53.57% |
| 2026-01-09 | 53.56% |
| 2026-01-08 | 53.58% |
| 2026-01-07 | 53.58% |
| 2026-01-06 | 53.57% |
| 2026-01-05 | 53.58% |
| 2026-01-02 | 53.57% |
| 2025-12-31 | 53.58% |
| 2025-12-30 | 53.58% |
| 2025-12-29 | 53.57% |
| 2025-12-26 | 53.57% |
| 2025-12-24 | 53.57% |
| 2025-12-23 | 53.57% |
| 2025-12-22 | 53.56% |
| 2025-12-19 | 53.57% |
| 2025-12-18 | 53.58% |
| 2025-12-17 | 53.58% |
| 2025-12-16 | 53.58% |
| 2025-12-15 | 53.58% |
| 2025-12-12 | 53.58% |
| 2025-12-11 | 53.56% |
| 2025-12-10 | 53.57% |
| 2025-12-09 | 53.57% |
| 2025-12-08 | 53.57% |
| 2025-12-05 | 53.57% |
| 2025-12-04 | 53.29% |
| 2025-12-03 | 53.29% |
| 2025-12-02 | 53.29% |
| 2025-12-01 | 53.28% |
| 2025-11-28 | 53.28% |
| 2025-11-26 | 53.30% |
| 2025-11-25 | 53.29% |
| 2025-11-24 | 53.29% |
| 2025-11-21 | 53.30% |
| 2025-11-20 | 53.28% |
| 2025-11-19 | 53.28% |
| 2025-11-18 | 53.29% |
| 2025-11-17 | 53.29% |
| 2025-11-14 | 53.30% |
| 2025-11-13 | 53.30% |
| 2025-11-12 | 53.29% |
| 2025-11-11 | 53.29% |
| 2025-11-10 | 53.29% |
| 2025-11-07 | 53.29% |
| 2025-11-06 | 53.29% |
| 2025-11-05 | 53.29% |
| 2025-11-04 | 50.11% |
| 2025-11-03 | 50.12% |
| 2025-10-31 | 50.10% |
| 2025-10-30 | 50.10% |
| 2025-10-29 | 50.11% |
| 2025-10-28 | 50.10% |
| 2025-10-27 | 50.12% |
| 2025-10-24 | 50.10% |
| 2025-10-23 | 50.10% |
| 2025-10-22 | 50.11% |
| 2025-10-21 | 50.10% |
| 2025-10-20 | 50.11% |
| 2025-10-17 | 50.11% |
| 2025-10-16 | 50.10% |
| 2025-10-15 | 50.11% |
| 2025-10-14 | 50.11% |
| 2025-10-13 | 50.11% |
| 2025-10-10 | 50.11% |
| 2025-10-09 | 50.11% |
| 2025-10-08 | 50.11% |
| 2025-10-07 | 50.11% |
| 2025-10-06 | 50.12% |
| 2025-10-03 | 50.12% |
| 2025-10-02 | 50.10% |
| 2025-10-01 | 50.11% |
| 2025-09-30 | 50.11% |
| 2025-09-29 | 50.12% |
| 2025-09-26 | 50.10% |
| 2025-09-25 | 50.10% |
| 2025-09-24 | 50.12% |
| 2025-09-23 | 50.11% |
| 2025-09-22 | 50.10% |
| 2025-09-19 | 50.12% |
| 2025-09-18 | 50.11% |
| 2025-09-17 | 50.11% |
| 2025-09-16 | 50.12% |
| 2025-09-15 | 50.10% |
| 2025-09-12 | 50.12% |
| 2025-09-11 | 50.12% |
| 2025-09-10 | 50.11% |
| 2025-09-09 | 50.12% |
| 2025-09-08 | 62.44% |
| 2025-09-05 | 62.44% |
| 2025-09-04 | 49.84% |
| 2025-09-03 | 49.85% |
| 2025-09-02 | 49.85% |
| 2025-08-29 | 49.85% |
| 2025-08-28 | 49.85% |
| 2025-08-27 | 49.84% |
| 2025-08-26 | 49.84% |
| 2025-08-25 | 49.85% |
| 2025-08-22 | 49.84% |
| 2025-08-21 | 49.85% |
| 2025-08-20 | 49.85% |
| 2025-08-19 | 49.85% |
| 2025-08-18 | 49.84% |
| 2025-08-15 | 49.85% |
| 2025-08-14 | 49.84% |
| 2025-08-13 | 49.84% |
| 2025-08-12 | 49.84% |
| 2025-08-11 | 49.83% |
| 2025-08-08 | 49.84% |
| 2025-08-07 | 49.84% |
| 2025-08-06 | 49.85% |
| 2025-08-05 | 50.08% |
| 2025-08-04 | 50.09% |
| 2025-08-01 | 50.09% |
| 2025-07-31 | 50.08% |
| 2025-07-30 | 50.08% |
| 2025-07-29 | 50.08% |
| 2025-07-28 | 50.08% |
| 2025-07-25 | 50.08% |
| 2025-07-24 | 50.08% |
| 2025-07-23 | 50.08% |
| 2025-07-22 | 50.09% |
| 2025-07-21 | 50.09% |
| 2025-07-18 | 50.09% |
| 2025-07-17 | 50.09% |
| 2025-07-16 | 50.09% |
| 2025-07-15 | 50.08% |
| 2025-07-14 | 50.09% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 45.2% |
| 2019 | $28.69 | $13.20 | 46.0% |
| 2018 | $26.75 | $12.02 | 44.9% |
| 2017 | $30.42 | $10.00 | 32.9% |
| 2016 | $19.19 | $9.16 | 47.7% |
| 2015 | $20.02 | $8.72 | 43.6% |
| 2014 | $19.50 | $7.72 | 39.6% |
| 2013 | $17.16 | $6.72 | 39.2% |
| 2012 | $13.97 | $6.00 | 42.9% |
| 2011 | $12.51 | $5.50 | 44.0% |
| 2010 | $10.63 | $4.00 | 37.6% |
| 2009 | $6.22 | $3.12 | 50.2% |
| 2008 | $6.05 | $3.12 | 51.6% |
| 2007 | $7.75 | $2.68 | 34.6% |
| 2006 | $3.98 | $1.68 | 42.2% |
| 2005 | $3.63 | $1.20 | 33.1% |
| 2004 | $2.24 | $1.00 | 44.6% |
| 2003 | $2.39 | $0.40 | 16.7% |
| 2002 | $2.05 | $0.00 | 0.0% |
| 2001 | $1.66 | $0.00 | 0.0% |
| 2000 | $1.36 | $0.00 | 0.0% |
| 1999 | $1.04 | $0.00 | 0.0% |
| 1998 | $0.67 | $0.00 | 0.0% |
