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 11.37% is 14% below its 5-year average of 13.21%, near the low end of its 5-year range (9.61%–20.24%).
As of Friday, September 11, 2026. 12.36% below its 12-month average of 12.97%.
Dividend Payout Ratio (11.37%) = TTM Dividends/Share ($2.36) / TTM EPS ($20.76)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
11.37%
DIVIDEND PAYOUT RATIO AVG TTM
12.97%
DIVIDEND PAYOUT RATIO AVG 3Y
13.15%
DIVIDEND PAYOUT RATIO AVG 5Y
13.21%
DIVIDEND PAYOUT RATIO AVG 10Y
15.27%
DIVIDEND PAYOUT RATIO AVG 15Y
16.89%
DIVIDEND PAYOUT RATIO AVG 20Y
17.01%
CURRENT VS TTM AVG
-12.36%
CURRENT VS 3Y AVG
-13.52%
CURRENT VS 5Y AVG
-13.92%
CURRENT VS 10Y AVG
-25.53%
CURRENT VS 15Y AVG
-32.67%
CURRENT VS 20Y AVG
-33.17%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2026-04-30 | $19.28 | $2.21 | 11.5% |
| 2025-04-30 | $14.72 | $1.50 | 10.2% |
| 2024-04-30 | $13.51 | $1.72 | 12.7% |
| 2023-04-30 | $11.99 | $1.52 | 12.7% |
| 2022-04-30 | $9.14 | $1.39 | 15.2% |
| 2021-04-30 | $8.44 |
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 |
|---|---|
| 2026-09-11 | 11.37% |
| 2026-09-10 | 11.37% |
| 2026-09-09 | 11.37% |
| 2026-09-08 | 12.32% |
| 2026-09-04 | 12.32% |
| 2026-09-03 | 12.32% |
| 2026-09-02 | 12.32% |
| 2026-09-01 | 12.32% |
| 2026-08-31 | 12.32% |
| 2026-08-28 | 12.32% |
| 2026-08-27 | 12.32% |
| 2026-08-26 | 12.32% |
| 2026-08-25 | 12.32% |
| 2026-08-24 | 12.32% |
| 2026-08-21 | 12.32% |
| 2026-08-20 | 12.32% |
| 2026-08-19 | 12.32% |
| 2026-08-18 | 12.32% |
| 2026-08-17 | 12.32% |
| 2026-08-14 | 12.32% |
| 2026-08-13 | 12.32% |
| 2026-08-12 | 12.32% |
| 2026-08-11 | 12.32% |
| 2026-08-10 | 12.32% |
| 2026-08-07 | 12.32% |
| 2026-08-06 | 12.32% |
| 2026-08-05 | 12.32% |
| 2026-08-04 | 12.32% |
| 2026-08-03 | 12.32% |
| 2026-07-31 | 15.29% |
| 2026-07-30 | 11.90% |
| 2026-07-29 | 11.90% |
| 2026-07-28 | 11.90% |
| 2026-07-27 | 11.90% |
| 2026-07-24 | 11.90% |
| 2026-07-23 | 11.90% |
| 2026-07-22 | 11.90% |
| 2026-07-21 | 11.90% |
| 2026-07-20 | 11.90% |
| 2026-07-17 | 11.90% |
| 2026-07-16 | 11.90% |
| 2026-07-15 | 11.90% |
| 2026-07-14 | 11.90% |
| 2026-07-13 | 11.90% |
| 2026-07-10 | 11.90% |
| 2026-07-09 | 11.90% |
| 2026-07-08 | 11.90% |
| 2026-07-07 | 11.90% |
| 2026-07-06 | 11.90% |
| 2026-07-02 | 11.90% |
| 2026-07-01 | 11.90% |
| 2026-06-30 | 11.90% |
| 2026-06-29 | 11.90% |
| 2026-06-26 | 11.90% |
| 2026-06-25 | 11.90% |
| 2026-06-24 | 11.90% |
| 2026-06-23 | 11.90% |
| 2026-06-22 | 13.09% |
| 2026-06-18 | 13.09% |
| 2026-06-17 | 13.09% |
| 2026-06-16 | 13.09% |
| 2026-06-15 | 13.09% |
| 2026-06-12 | 13.09% |
| 2026-06-11 | 13.09% |
| 2026-06-10 | 13.09% |
| 2026-06-09 | 13.09% |
| 2026-06-08 | 13.09% |
| 2026-06-05 | 13.09% |
| 2026-06-04 | 13.09% |
| 2026-06-03 | 13.09% |
| 2026-06-02 | 13.09% |
| 2026-06-01 | 13.09% |
| 2026-05-29 | 13.09% |
| 2026-05-28 | 13.09% |
| 2026-05-27 | 13.09% |
| 2026-05-26 | 13.09% |
| 2026-05-22 | 13.09% |
| 2026-05-21 | 13.09% |
| 2026-05-20 | 13.09% |
| 2026-05-19 | 13.09% |
| 2026-05-18 | 13.09% |
| 2026-05-15 | 13.09% |
| 2026-05-14 | 13.09% |
| 2026-05-13 | 13.09% |
| 2026-05-12 | 13.09% |
| 2026-05-11 | 13.09% |
| 2026-05-08 | 13.09% |
| 2026-05-07 | 13.09% |
| 2026-05-06 | 13.09% |
| 2026-05-05 | 13.09% |
| 2026-05-04 | 13.09% |
| 2026-05-01 | 13.09% |
| 2026-04-30 | 12.69% |
| 2026-04-29 | 12.69% |
| 2026-04-28 | 12.69% |
| 2026-04-27 | 12.69% |
| 2026-04-24 | 12.69% |
| 2026-04-23 | 12.69% |
| 2026-04-22 | 12.69% |
| 2026-04-21 | 12.69% |
| 2026-04-20 | 12.69% |
| 2026-04-17 | 12.69% |
| 2026-04-16 | 12.69% |
| 2026-04-15 | 12.69% |
| 2026-04-14 | 12.69% |
| 2026-04-13 | 12.69% |
| 2026-04-10 | 12.69% |
| 2026-04-09 | 12.69% |
| 2026-04-08 | 12.69% |
| 2026-04-07 | 12.69% |
| 2026-04-06 | 12.69% |
| 2026-04-02 | 12.69% |
| 2026-04-01 | 12.69% |
| 2026-03-31 | 12.69% |
| 2026-03-30 | 12.69% |
| 2026-03-27 | 12.69% |
| 2026-03-26 | 12.69% |
| 2026-03-25 | 12.69% |
| 2026-03-24 | 12.69% |
| 2026-03-23 | 12.69% |
| 2026-03-20 | 12.69% |
| 2026-03-19 | 12.69% |
| 2026-03-18 | 12.69% |
| 2026-03-17 | 12.69% |
| 2026-03-16 | 12.69% |
| 2026-03-13 | 12.69% |
| 2026-03-12 | 12.69% |
| 2026-03-11 | 12.69% |
| 2026-03-10 | 12.69% |
| 2026-03-09 | 13.59% |
| 2026-03-06 | 13.59% |
| 2026-03-05 | 13.59% |
| 2026-03-04 | 13.59% |
| 2026-03-03 | 13.59% |
| 2026-03-02 | 13.59% |
| 2026-02-27 | 13.59% |
| 2026-02-26 | 13.59% |
| 2026-02-25 | 13.59% |
| 2026-02-24 | 13.59% |
| 2026-02-23 | 13.59% |
| 2026-02-20 | 13.59% |
| 2026-02-19 | 13.59% |
| 2026-02-18 | 13.59% |
| 2026-02-17 | 13.59% |
| 2026-02-13 | 13.59% |
| 2026-02-12 | 13.59% |
| 2026-02-11 | 13.59% |
| 2026-02-10 | 13.59% |
| 2026-02-09 | 13.59% |
| 2026-02-06 | 13.59% |
| 2026-02-05 | 13.59% |
| 2026-02-04 | 13.59% |
| 2026-02-03 | 13.59% |
| 2026-02-02 | 16.67% |
| 2026-01-30 | 16.67% |
| 2026-01-29 | 13.16% |
| 2026-01-28 | 13.16% |
| 2026-01-27 | 13.16% |
| 2026-01-26 | 13.16% |
| 2026-01-23 | 13.16% |
| 2026-01-22 | 13.16% |
| 2026-01-21 | 13.16% |
| 2026-01-20 | 13.16% |
| 2026-01-16 | 13.16% |
| 2026-01-15 | 13.16% |
| 2026-01-14 | 13.16% |
| 2026-01-13 | 13.16% |
| 2026-01-12 | 13.16% |
| 2026-01-09 | 13.16% |
| 2026-01-08 | 13.16% |
| 2026-01-07 | 13.16% |
| 2026-01-06 | 13.16% |
| 2026-01-05 | 13.16% |
| 2026-01-02 | 13.16% |
| 2025-12-31 | 13.16% |
| 2025-12-30 | 13.16% |
| 2025-12-29 | 13.16% |
| 2025-12-26 | 13.16% |
| 2025-12-24 | 13.16% |
| 2025-12-23 | 13.16% |
| 2025-12-22 | 13.16% |
| 2025-12-19 | 13.16% |
| 2025-12-18 | 13.16% |
| 2025-12-17 | 13.16% |
| 2025-12-16 | 13.16% |
| 2025-12-15 | 13.16% |
| 2025-12-12 | 13.16% |
| 2025-12-11 | 13.16% |
| 2025-12-10 | 13.16% |
| 2025-12-09 | 13.73% |
| 2025-12-08 | 13.73% |
| 2025-12-05 | 13.73% |
| 2025-12-04 | 13.74% |
| 2025-12-03 | 13.73% |
| 2025-12-02 | 13.74% |
| 2025-12-01 | 13.74% |
| 2025-11-28 | 13.73% |
| 2025-11-26 | 13.74% |
| 2025-11-25 | 13.73% |
| 2025-11-24 | 13.74% |
| 2025-11-21 | 13.73% |
| 2025-11-20 | 13.74% |
| 2025-11-19 | 13.73% |
| 2025-11-18 | 13.73% |
| 2025-11-17 | 13.73% |
| 2025-11-14 | 13.73% |
| 2025-11-13 | 13.74% |
| 2025-11-12 | 13.74% |
| 2025-11-11 | 13.74% |
| 2025-11-10 | 13.74% |
| 2025-11-07 | 13.74% |
| 2025-11-06 | 13.73% |
| 2025-11-05 | 13.74% |
| 2025-11-04 | 13.74% |
| 2025-11-03 | 13.74% |
| 2025-10-31 | 16.95% |
| 2025-10-30 | 13.29% |
| 2025-10-29 | 13.29% |
| 2025-10-28 | 13.29% |
| 2025-10-27 | 13.29% |
| 2025-10-24 | 13.29% |
| 2025-10-23 | 13.29% |
| 2025-10-22 | 13.29% |
| 2025-10-21 | 13.29% |
| 2025-10-20 | 13.29% |
| 2025-10-17 | 13.29% |
| 2025-10-16 | 13.29% |
| 2025-10-15 | 13.29% |
| 2025-10-14 | 13.29% |
| 2025-10-13 | 13.28% |
| 2025-10-10 | 13.29% |
| 2025-10-09 | 13.29% |
| 2025-10-08 | 13.29% |
| 2025-10-07 | 13.29% |
| 2025-10-06 | 13.29% |
| 2025-10-03 | 13.28% |
| 2025-10-02 | 13.29% |
| 2025-10-01 | 13.29% |
| 2025-09-30 | 13.28% |
| 2025-09-29 | 13.28% |
| 2025-09-26 | 13.28% |
| 2025-09-25 | 13.29% |
| 2025-09-24 | 13.29% |
| 2025-09-23 | 13.29% |
| 2025-09-22 | 13.29% |
| 2025-09-19 | 13.29% |
| 2025-09-18 | 13.29% |
| 2025-09-17 | 13.29% |
| 2025-09-16 | 13.29% |
| 2025-09-15 | 13.29% |
| 2025-09-12 | 13.29% |
| 2025-09-11 | 13.29% |
| 2025-09-10 | 13.28% |
| 2025-09-09 | 13.29% |
| 2025-09-08 | 14.14% |
| 2025-09-05 | 14.14% |
| 2025-09-04 | 14.14% |
| 2025-09-03 | 14.14% |
| 2025-09-02 | 14.14% |
| 2025-08-29 | 14.14% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| $1.32 |
| 15.6% |
| 2020-04-30 | $7.14 | $1.28 | 17.9% |
| 2019-04-30 | $5.55 | $1.16 | 20.9% |
| 2018-04-30 | $8.41 | $1.04 | 12.4% |
| 2017-04-30 | $4.54 | $0.96 | 21.1% |
| 2016-04-30 | $5.79 | $0.88 | 15.2% |
| 2015-04-30 | $4.66 | $0.80 | 17.2% |
| 2014-04-30 | $3.50 | $0.72 | 20.6% |
| 2013-04-30 | $2.89 | $0.66 | 22.8% |
| 2012-04-30 | $3.07 | $0.60 | 19.5% |
| 2011-04-30 | $2.24 | $0.51 | 22.5% |
| 2010-04-30 | $2.30 | $0.34 | 14.8% |
| 2009-04-30 | $1.69 | $0.30 | 17.8% |
| 2008-04-30 | $1.68 | $0.26 | 15.5% |
| 2007-04-30 | $1.23 | $0.20 | 16.3% |
| 2006-04-30 | $1.20 | $0.18 | 15.0% |
| 2005-04-30 | $0.73 | $0.16 | 21.9% |
| 2004-04-30 | $0.73 | $0.14 | 19.2% |
| 2003-04-30 | $0.80 | $0.10 | 12.5% |
| 2002-04-30 | $0.58 | $0.09 | 15.5% |
| 2001-04-30 | $0.76 | $0.08 | 10.5% |
| 2000-04-30 | $0.76 | $0.06 | 7.9% |
| 1999-04-30 | $0.76 | $0.06 | 7.9% |
| 1998-04-30 | $0.64 | $0.06 | 9.4% |
| 1997-04-30 | $0.52 | $0.05 | 9.6% |
