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 32.20% is 27% below its 5-year average of 43.84%, near the low end of its 5-year range (28.44%–61.03%).
As of Monday, October 5, 2026. 23.54% below its 12-month average of 42.11%.
Dividend Payout Ratio (32.20%) = TTM Dividends/Share ($1.68) / TTM EPS ($5.22)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
32.20%
DIVIDEND PAYOUT RATIO AVG TTM
42.11%
DIVIDEND PAYOUT RATIO AVG 3Y
47.37%
DIVIDEND PAYOUT RATIO AVG 5Y
43.84%
DIVIDEND PAYOUT RATIO AVG 10Y
41.02%
DIVIDEND PAYOUT RATIO AVG 15Y
39.90%
DIVIDEND PAYOUT RATIO AVG 20Y
38.72%
CURRENT VS TTM AVG
-23.54%
CURRENT VS 3Y AVG
-32.03%
CURRENT VS 5Y AVG
-26.55%
CURRENT VS 10Y AVG
-21.50%
CURRENT VS 15Y AVG
-19.31%
CURRENT VS 20Y AVG
-16.84%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $3.85 | $1.68 | 43.6% |
| 2024-12-31 | $3.63 | $1.68 | 46.3% |
| 2023-12-31 | $2.98 | $1.68 | 56.4% |
| 2022-12-31 | $4.18 | $1.60 | 38.3% |
| 2021-12-31 | $4.62 | $1.41 | 30.5% |
| 2020-12-31 | $3.96 |
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 |
|---|---|
| 2026-10-05 | 32.20% |
| 2026-10-02 | 32.20% |
| 2026-10-01 | 32.19% |
| 2026-09-30 | 32.17% |
| 2026-09-29 | 32.19% |
| 2026-09-28 | 32.20% |
| 2026-09-25 | 32.19% |
| 2026-09-24 | 32.18% |
| 2026-09-23 | 32.20% |
| 2026-09-22 | 32.18% |
| 2026-09-21 | 32.20% |
| 2026-09-18 | 32.17% |
| 2026-09-17 | 32.18% |
| 2026-09-16 | 32.18% |
| 2026-09-15 | 32.18% |
| 2026-09-14 | 32.19% |
| 2026-09-11 | 32.19% |
| 2026-09-10 | 32.20% |
| 2026-09-09 | 32.17% |
| 2026-09-08 | 32.19% |
| 2026-09-04 | 32.17% |
| 2026-09-03 | 32.18% |
| 2026-09-02 | 32.19% |
| 2026-09-01 | 32.18% |
| 2026-08-31 | 32.18% |
| 2026-08-28 | 32.17% |
| 2026-08-27 | 32.18% |
| 2026-08-26 | 32.19% |
| 2026-08-25 | 32.19% |
| 2026-08-24 | 32.19% |
| 2026-08-21 | 32.19% |
| 2026-08-20 | 32.17% |
| 2026-08-19 | 32.18% |
| 2026-08-18 | 32.19% |
| 2026-08-17 | 32.17% |
| 2026-08-14 | 32.19% |
| 2026-08-13 | 32.20% |
| 2026-08-12 | 32.18% |
| 2026-08-11 | 32.19% |
| 2026-08-10 | 32.18% |
| 2026-08-07 | 32.18% |
| 2026-08-06 | 35.74% |
| 2026-08-05 | 35.74% |
| 2026-08-04 | 35.75% |
| 2026-08-03 | 35.74% |
| 2026-07-31 | 35.75% |
| 2026-07-30 | 35.75% |
| 2026-07-29 | 35.74% |
| 2026-07-28 | 35.75% |
| 2026-07-27 | 35.74% |
| 2026-07-24 | 35.73% |
| 2026-07-23 | 35.73% |
| 2026-07-22 | 35.74% |
| 2026-07-21 | 35.75% |
| 2026-07-20 | 35.75% |
| 2026-07-17 | 35.74% |
| 2026-07-16 | 35.75% |
| 2026-07-15 | 35.73% |
| 2026-07-14 | 35.76% |
| 2026-07-13 | 35.74% |
| 2026-07-10 | 35.74% |
| 2026-07-09 | 35.75% |
| 2026-07-08 | 35.74% |
| 2026-07-07 | 35.73% |
| 2026-07-06 | 35.74% |
| 2026-07-02 | 35.74% |
| 2026-07-01 | 35.74% |
| 2026-06-30 | 35.76% |
| 2026-06-29 | 35.74% |
| 2026-06-26 | 35.75% |
| 2026-06-25 | 35.73% |
| 2026-06-24 | 35.74% |
| 2026-06-23 | 35.75% |
| 2026-06-22 | 35.73% |
| 2026-06-18 | 35.76% |
| 2026-06-17 | 35.74% |
| 2026-06-16 | 35.75% |
| 2026-06-15 | 35.74% |
| 2026-06-12 | 35.75% |
| 2026-06-11 | 35.75% |
| 2026-06-10 | 35.74% |
| 2026-06-09 | 35.74% |
| 2026-06-08 | 35.74% |
| 2026-06-05 | 35.73% |
| 2026-06-04 | 35.75% |
| 2026-06-03 | 35.74% |
| 2026-06-02 | 35.73% |
| 2026-06-01 | 35.74% |
| 2026-05-29 | 35.73% |
| 2026-05-28 | 35.75% |
| 2026-05-27 | 35.75% |
| 2026-05-26 | 35.74% |
| 2026-05-22 | 35.73% |
| 2026-05-21 | 35.73% |
| 2026-05-20 | 35.75% |
| 2026-05-19 | 35.76% |
| 2026-05-18 | 35.75% |
| 2026-05-15 | 35.74% |
| 2026-05-14 | 35.73% |
| 2026-05-13 | 35.74% |
| 2026-05-12 | 35.73% |
| 2026-05-11 | 35.75% |
| 2026-05-08 | 35.75% |
| 2026-05-07 | 43.74% |
| 2026-05-06 | 43.75% |
| 2026-05-05 | 43.76% |
| 2026-05-04 | 43.76% |
| 2026-05-01 | 43.75% |
| 2026-04-30 | 43.74% |
| 2026-04-29 | 43.74% |
| 2026-04-28 | 43.77% |
| 2026-04-27 | 43.77% |
| 2026-04-24 | 43.76% |
| 2026-04-23 | 43.75% |
| 2026-04-22 | 43.75% |
| 2026-04-21 | 43.74% |
| 2026-04-20 | 43.74% |
| 2026-04-17 | 43.74% |
| 2026-04-16 | 43.74% |
| 2026-04-15 | 43.75% |
| 2026-04-14 | 43.74% |
| 2026-04-13 | 43.76% |
| 2026-04-10 | 43.74% |
| 2026-04-09 | 43.74% |
| 2026-04-08 | 43.74% |
| 2026-04-07 | 43.75% |
| 2026-04-06 | 43.75% |
| 2026-04-02 | 43.75% |
| 2026-04-01 | 43.76% |
| 2026-03-31 | 43.76% |
| 2026-03-30 | 43.76% |
| 2026-03-27 | 43.75% |
| 2026-03-26 | 43.76% |
| 2026-03-25 | 43.77% |
| 2026-03-24 | 43.74% |
| 2026-03-23 | 43.76% |
| 2026-03-20 | 43.76% |
| 2026-03-19 | 43.74% |
| 2026-03-18 | 43.76% |
| 2026-03-17 | 43.74% |
| 2026-03-16 | 43.76% |
| 2026-03-13 | 43.74% |
| 2026-03-12 | 43.76% |
| 2026-03-11 | 43.77% |
| 2026-03-10 | 43.76% |
| 2026-03-09 | 43.73% |
| 2026-03-06 | 47.85% |
| 2026-03-05 | 47.88% |
| 2026-03-04 | 47.86% |
| 2026-03-03 | 47.86% |
| 2026-03-02 | 47.86% |
| 2026-02-27 | 47.86% |
| 2026-02-26 | 47.85% |
| 2026-02-25 | 47.85% |
| 2026-02-24 | 47.87% |
| 2026-02-23 | 47.88% |
| 2026-02-20 | 47.85% |
| 2026-02-19 | 47.86% |
| 2026-02-18 | 47.85% |
| 2026-02-17 | 47.85% |
| 2026-02-13 | 47.86% |
| 2026-02-12 | 47.85% |
| 2026-02-11 | 47.87% |
| 2026-02-10 | 47.87% |
| 2026-02-09 | 47.85% |
| 2026-02-06 | 47.86% |
| 2026-02-05 | 47.88% |
| 2026-02-04 | 47.85% |
| 2026-02-03 | 47.85% |
| 2026-02-02 | 47.85% |
| 2026-01-30 | 47.85% |
| 2026-01-29 | 47.85% |
| 2026-01-28 | 47.86% |
| 2026-01-27 | 47.87% |
| 2026-01-26 | 47.85% |
| 2026-01-23 | 47.86% |
| 2026-01-22 | 47.87% |
| 2026-01-21 | 47.85% |
| 2026-01-20 | 47.87% |
| 2026-01-16 | 47.87% |
| 2026-01-15 | 47.85% |
| 2026-01-14 | 47.86% |
| 2026-01-13 | 47.86% |
| 2026-01-12 | 47.87% |
| 2026-01-09 | 47.86% |
| 2026-01-08 | 47.87% |
| 2026-01-07 | 47.86% |
| 2026-01-06 | 47.86% |
| 2026-01-05 | 47.87% |
| 2026-01-02 | 47.87% |
| 2025-12-31 | 47.87% |
| 2025-12-30 | 47.87% |
| 2025-12-29 | 47.87% |
| 2025-12-26 | 47.88% |
| 2025-12-24 | 47.87% |
| 2025-12-23 | 47.86% |
| 2025-12-22 | 47.88% |
| 2025-12-19 | 47.86% |
| 2025-12-18 | 47.87% |
| 2025-12-17 | 47.88% |
| 2025-12-16 | 47.86% |
| 2025-12-15 | 47.85% |
| 2025-12-12 | 47.86% |
| 2025-12-11 | 47.88% |
| 2025-12-10 | 47.87% |
| 2025-12-09 | 47.84% |
| 2025-12-08 | 47.88% |
| 2025-12-05 | 47.86% |
| 2025-12-04 | 47.87% |
| 2025-12-03 | 47.85% |
| 2025-12-02 | 47.86% |
| 2025-12-01 | 47.88% |
| 2025-11-28 | 47.86% |
| 2025-11-26 | 47.86% |
| 2025-11-25 | 47.87% |
| 2025-11-24 | 47.84% |
| 2025-11-21 | 47.86% |
| 2025-11-20 | 47.86% |
| 2025-11-19 | 47.86% |
| 2025-11-18 | 47.84% |
| 2025-11-17 | 47.85% |
| 2025-11-14 | 47.85% |
| 2025-11-13 | 47.85% |
| 2025-11-12 | 47.85% |
| 2025-11-11 | 47.85% |
| 2025-11-10 | 47.88% |
| 2025-11-07 | 47.85% |
| 2025-11-06 | 53.15% |
| 2025-11-05 | 53.19% |
| 2025-11-04 | 53.15% |
| 2025-11-03 | 53.16% |
| 2025-10-31 | 53.15% |
| 2025-10-30 | 53.18% |
| 2025-10-29 | 53.16% |
| 2025-10-28 | 53.15% |
| 2025-10-27 | 53.16% |
| 2025-10-24 | 53.14% |
| 2025-10-23 | 53.16% |
| 2025-10-22 | 53.15% |
| 2025-10-21 | 53.15% |
| 2025-10-20 | 53.15% |
| 2025-10-17 | 53.14% |
| 2025-10-16 | 53.17% |
| 2025-10-15 | 53.14% |
| 2025-10-14 | 53.18% |
| 2025-10-13 | 53.16% |
| 2025-10-10 | 53.17% |
| 2025-10-09 | 53.18% |
| 2025-10-08 | 53.16% |
| 2025-10-07 | 53.15% |
| 2025-10-06 | 53.19% |
| 2025-10-03 | 53.17% |
| 2025-10-02 | 53.15% |
| 2025-10-01 | 53.17% |
| 2025-09-30 | 53.16% |
| 2025-09-29 | 53.15% |
| 2025-09-26 | 53.18% |
| 2025-09-25 | 53.15% |
| 2025-09-24 | 53.15% |
| 2025-09-23 | 53.18% |
Showing the most recent 260 of 2,652 data points. The chart above shows the full history.
| $1.32 |
| 33.3% |
| 2019-12-31 | $3.70 | $1.20 | 32.4% |
| 2018-12-31 | $3.41 | $1.10 | 32.3% |
| 2017-12-31 | $1.83 | $0.92 | 50.3% |
| 2016-12-31 | $2.59 | $0.80 | 30.9% |
| 2015-12-31 | $1.73 | $0.80 | 46.2% |
| 2014-12-31 | $2.19 | $0.72 | 32.9% |
| 2013-12-31 | $1.99 | $0.71 | 35.5% |
| 2012-12-31 | $2.04 | $0.67 | 32.7% |
| 2011-12-31 | $2.27 | $1.00 | 44.1% |
| 2010-12-31 | $2.15 | $0.67 | 31.0% |
| 2009-12-31 | $1.99 | $0.67 | 33.5% |
| 2008-12-31 | $1.33 | $0.50 | 37.6% |
| 2007-12-31 | $2.06 | $0.80 | 38.8% |
| 2006-12-31 | $1.95 | $0.59 | 30.1% |
| 2005-12-31 | $1.87 | $0.87 | 46.3% |
| 2004-12-31 | $1.69 | $0.53 | 31.6% |
| 2003-12-31 | $1.59 | $0.48 | 30.2% |
| 2002-12-31 | $1.41 | $0.45 | 32.2% |
| 2001-12-31 | $1.27 | $0.43 | 33.6% |
| 2000-12-31 | $1.13 | $0.42 | 37.2% |
| 1999-12-31 | $0.85 | $0.40 | 47.1% |
| 1998-12-31 | $0.93 | $0.37 | 39.7% |
| 1997-12-31 | $1.04 | $0.31 | 29.9% |
