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 38.07% is in line with its 5-year average of 37.91%, around the middle of its 5-year range (26.98%–43.71%).
As of Monday, October 5, 2026. 0.83% above its 12-month average of 37.76%.
Dividend Payout Ratio (38.07%) = TTM Dividends/Share ($3.48) / TTM EPS ($9.14)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
38.07%
DIVIDEND PAYOUT RATIO AVG TTM
37.76%
DIVIDEND PAYOUT RATIO AVG 3Y
37.64%
DIVIDEND PAYOUT RATIO AVG 5Y
37.91%
DIVIDEND PAYOUT RATIO AVG 10Y
41.22%
DIVIDEND PAYOUT RATIO AVG 15Y
44.02%
DIVIDEND PAYOUT RATIO AVG 20Y
44.81%
CURRENT VS TTM AVG
+0.83%
CURRENT VS 3Y AVG
+1.14%
CURRENT VS 5Y AVG
+0.42%
CURRENT VS 10Y AVG
-7.63%
CURRENT VS 15Y AVG
-13.52%
CURRENT VS 20Y AVG
-15.03%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $8.94 | $3.24 | 36.2% |
| 2024-12-31 | $7.91 | $2.94 | 37.1% |
| 2023-12-31 | $7.62 | $2.67 | 35.0% |
| 2022-12-31 | $6.81 | $2.45 | 36.0% |
| 2021-12-31 | $5.67 | $2.32 | 40.9% |
| 2020-12-31 | $5.55 |
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 | 38.07% |
| 2026-10-02 | 38.08% |
| 2026-10-01 | 38.08% |
| 2026-09-30 | 38.07% |
| 2026-09-29 | 38.06% |
| 2026-09-28 | 38.06% |
| 2026-09-25 | 38.07% |
| 2026-09-24 | 38.08% |
| 2026-09-23 | 38.09% |
| 2026-09-22 | 38.07% |
| 2026-09-21 | 38.07% |
| 2026-09-18 | 38.08% |
| 2026-09-17 | 38.08% |
| 2026-09-16 | 38.09% |
| 2026-09-15 | 38.07% |
| 2026-09-14 | 38.08% |
| 2026-09-11 | 38.07% |
| 2026-09-10 | 38.08% |
| 2026-09-09 | 38.07% |
| 2026-09-08 | 38.06% |
| 2026-09-04 | 38.08% |
| 2026-09-03 | 38.08% |
| 2026-09-02 | 38.06% |
| 2026-09-01 | 38.07% |
| 2026-08-31 | 38.07% |
| 2026-08-28 | 38.08% |
| 2026-08-27 | 38.09% |
| 2026-08-26 | 38.08% |
| 2026-08-25 | 38.08% |
| 2026-08-24 | 38.08% |
| 2026-08-21 | 38.08% |
| 2026-08-20 | 38.06% |
| 2026-08-19 | 38.08% |
| 2026-08-18 | 38.08% |
| 2026-08-17 | 38.07% |
| 2026-08-14 | 38.07% |
| 2026-08-13 | 38.07% |
| 2026-08-12 | 38.08% |
| 2026-08-11 | 38.07% |
| 2026-08-10 | 38.06% |
| 2026-08-07 | 38.08% |
| 2026-08-06 | 38.07% |
| 2026-08-05 | 38.33% |
| 2026-08-04 | 38.33% |
| 2026-08-03 | 38.32% |
| 2026-07-31 | 38.32% |
| 2026-07-30 | 38.32% |
| 2026-07-29 | 38.32% |
| 2026-07-28 | 38.33% |
| 2026-07-27 | 38.33% |
| 2026-07-24 | 38.33% |
| 2026-07-23 | 38.33% |
| 2026-07-22 | 38.33% |
| 2026-07-21 | 38.33% |
| 2026-07-20 | 38.32% |
| 2026-07-17 | 38.32% |
| 2026-07-16 | 38.34% |
| 2026-07-15 | 38.33% |
| 2026-07-14 | 37.45% |
| 2026-07-13 | 37.46% |
| 2026-07-10 | 37.44% |
| 2026-07-09 | 37.45% |
| 2026-07-08 | 37.44% |
| 2026-07-07 | 37.44% |
| 2026-07-06 | 37.44% |
| 2026-07-02 | 37.44% |
| 2026-07-01 | 37.45% |
| 2026-06-30 | 37.45% |
| 2026-06-29 | 37.45% |
| 2026-06-26 | 37.45% |
| 2026-06-25 | 37.45% |
| 2026-06-24 | 37.44% |
| 2026-06-23 | 37.46% |
| 2026-06-22 | 37.45% |
| 2026-06-18 | 37.44% |
| 2026-06-17 | 37.43% |
| 2026-06-16 | 37.44% |
| 2026-06-15 | 37.44% |
| 2026-06-12 | 37.44% |
| 2026-06-11 | 37.45% |
| 2026-06-10 | 37.44% |
| 2026-06-09 | 37.45% |
| 2026-06-08 | 37.44% |
| 2026-06-05 | 37.44% |
| 2026-06-04 | 37.44% |
| 2026-06-03 | 37.45% |
| 2026-06-02 | 37.45% |
| 2026-06-01 | 37.44% |
| 2026-05-29 | 37.44% |
| 2026-05-28 | 37.44% |
| 2026-05-27 | 37.43% |
| 2026-05-26 | 37.44% |
| 2026-05-22 | 37.45% |
| 2026-05-21 | 37.44% |
| 2026-05-20 | 37.44% |
| 2026-05-19 | 37.44% |
| 2026-05-18 | 37.46% |
| 2026-05-15 | 37.44% |
| 2026-05-14 | 37.45% |
| 2026-05-13 | 37.46% |
| 2026-05-12 | 37.44% |
| 2026-05-11 | 37.43% |
| 2026-05-08 | 37.45% |
| 2026-05-07 | 37.45% |
| 2026-05-06 | 38.02% |
| 2026-05-05 | 38.02% |
| 2026-05-04 | 38.03% |
| 2026-05-01 | 38.02% |
| 2026-04-30 | 38.02% |
| 2026-04-29 | 38.03% |
| 2026-04-28 | 38.04% |
| 2026-04-27 | 38.03% |
| 2026-04-24 | 38.02% |
| 2026-04-23 | 38.04% |
| 2026-04-22 | 38.02% |
| 2026-04-21 | 38.03% |
| 2026-04-20 | 38.04% |
| 2026-04-17 | 38.03% |
| 2026-04-16 | 38.04% |
| 2026-04-15 | 38.04% |
| 2026-04-14 | 37.12% |
| 2026-04-13 | 37.15% |
| 2026-04-10 | 37.13% |
| 2026-04-09 | 37.14% |
| 2026-04-08 | 37.14% |
| 2026-04-07 | 37.15% |
| 2026-04-06 | 37.13% |
| 2026-04-02 | 37.15% |
| 2026-04-01 | 37.15% |
| 2026-03-31 | 37.14% |
| 2026-03-30 | 37.14% |
| 2026-03-27 | 37.13% |
| 2026-03-26 | 37.12% |
| 2026-03-25 | 37.15% |
| 2026-03-24 | 37.13% |
| 2026-03-23 | 37.15% |
| 2026-03-20 | 37.15% |
| 2026-03-19 | 37.13% |
| 2026-03-18 | 37.12% |
| 2026-03-17 | 37.14% |
| 2026-03-16 | 37.14% |
| 2026-03-13 | 37.14% |
| 2026-03-12 | 37.14% |
| 2026-03-11 | 37.14% |
| 2026-03-10 | 37.14% |
| 2026-03-09 | 37.15% |
| 2026-03-06 | 37.14% |
| 2026-03-05 | 37.13% |
| 2026-03-04 | 37.14% |
| 2026-03-03 | 37.14% |
| 2026-03-02 | 37.14% |
| 2026-02-27 | 37.14% |
| 2026-02-26 | 37.13% |
| 2026-02-25 | 38.17% |
| 2026-02-24 | 38.16% |
| 2026-02-23 | 38.15% |
| 2026-02-20 | 38.15% |
| 2026-02-19 | 38.16% |
| 2026-02-18 | 38.16% |
| 2026-02-17 | 38.16% |
| 2026-02-13 | 38.17% |
| 2026-02-12 | 38.15% |
| 2026-02-11 | 38.17% |
| 2026-02-10 | 38.16% |
| 2026-02-09 | 38.16% |
| 2026-02-06 | 38.15% |
| 2026-02-05 | 38.17% |
| 2026-02-04 | 38.17% |
| 2026-02-03 | 38.16% |
| 2026-02-02 | 38.17% |
| 2026-01-30 | 38.17% |
| 2026-01-29 | 38.16% |
| 2026-01-28 | 38.16% |
| 2026-01-27 | 38.17% |
| 2026-01-26 | 38.16% |
| 2026-01-23 | 38.15% |
| 2026-01-22 | 38.15% |
| 2026-01-21 | 38.15% |
| 2026-01-20 | 38.17% |
| 2026-01-16 | 38.16% |
| 2026-01-15 | 38.17% |
| 2026-01-14 | 37.24% |
| 2026-01-13 | 37.24% |
| 2026-01-12 | 37.25% |
| 2026-01-09 | 37.25% |
| 2026-01-08 | 37.23% |
| 2026-01-07 | 37.25% |
| 2026-01-06 | 37.25% |
| 2026-01-05 | 37.24% |
| 2026-01-02 | 37.24% |
| 2025-12-31 | 37.24% |
| 2025-12-30 | 37.24% |
| 2025-12-29 | 37.24% |
| 2025-12-26 | 37.23% |
| 2025-12-24 | 37.24% |
| 2025-12-23 | 37.24% |
| 2025-12-22 | 37.25% |
| 2025-12-19 | 37.25% |
| 2025-12-18 | 37.25% |
| 2025-12-17 | 37.23% |
| 2025-12-16 | 37.24% |
| 2025-12-15 | 37.23% |
| 2025-12-12 | 37.25% |
| 2025-12-11 | 37.25% |
| 2025-12-10 | 37.24% |
| 2025-12-09 | 37.24% |
| 2025-12-08 | 37.25% |
| 2025-12-05 | 37.24% |
| 2025-12-04 | 37.24% |
| 2025-12-03 | 37.23% |
| 2025-12-02 | 37.24% |
| 2025-12-01 | 37.24% |
| 2025-11-28 | 37.23% |
| 2025-11-26 | 37.25% |
| 2025-11-25 | 37.25% |
| 2025-11-24 | 37.24% |
| 2025-11-21 | 37.25% |
| 2025-11-20 | 37.23% |
| 2025-11-19 | 37.24% |
| 2025-11-18 | 37.25% |
| 2025-11-17 | 37.23% |
| 2025-11-14 | 37.24% |
| 2025-11-13 | 37.23% |
| 2025-11-12 | 37.25% |
| 2025-11-11 | 37.24% |
| 2025-11-10 | 37.25% |
| 2025-11-07 | 37.25% |
| 2025-11-06 | 37.25% |
| 2025-11-05 | 38.98% |
| 2025-11-04 | 38.99% |
| 2025-11-03 | 38.99% |
| 2025-10-31 | 39.00% |
| 2025-10-30 | 38.99% |
| 2025-10-29 | 38.98% |
| 2025-10-28 | 38.98% |
| 2025-10-27 | 38.98% |
| 2025-10-24 | 38.98% |
| 2025-10-23 | 38.98% |
| 2025-10-22 | 39.00% |
| 2025-10-21 | 38.98% |
| 2025-10-20 | 38.98% |
| 2025-10-17 | 38.99% |
| 2025-10-16 | 38.98% |
| 2025-10-15 | 38.99% |
| 2025-10-14 | 38.04% |
| 2025-10-13 | 38.03% |
| 2025-10-10 | 38.04% |
| 2025-10-09 | 38.03% |
| 2025-10-08 | 38.02% |
| 2025-10-07 | 38.01% |
| 2025-10-06 | 38.02% |
| 2025-10-03 | 38.03% |
| 2025-10-02 | 38.02% |
| 2025-10-01 | 38.02% |
| 2025-09-30 | 38.04% |
| 2025-09-29 | 38.03% |
| 2025-09-26 | 38.04% |
| 2025-09-25 | 38.04% |
| 2025-09-24 | 38.04% |
| 2025-09-23 | 38.02% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| $2.28 |
| 41.1% |
| 2019-12-31 | $5.43 | $2.16 | 39.8% |
| 2018-12-31 | $4.54 | $1.91 | 42.1% |
| 2017-12-31 | $3.49 | $1.75 | 50.1% |
| 2016-12-31 | $3.46 | $1.71 | 49.4% |
| 2015-12-31 | $3.54 | $1.66 | 46.9% |
| 2014-12-31 | $3.40 | $1.57 | 46.2% |
| 2013-12-31 | $3.10 | $1.46 | 47.1% |
| 2012-12-31 | $2.63 | $1.40 | 53.2% |
| 2011-12-31 | $2.68 | $1.36 | 50.7% |
| 2010-12-31 | $2.48 | $1.36 | 54.8% |
| 2009-12-31 | $2.69 | $1.36 | 50.6% |
| 2008-12-31 | $1.74 | $1.33 | 76.4% |
| 2007-12-31 | $3.02 | $1.21 | 40.1% |
| 2006-12-31 | $3.00 | $1.09 | 36.3% |
| 2005-12-31 | $2.87 | $0.97 | 33.8% |
| 2004-12-31 | $2.79 | $0.86 | 30.8% |
| 2003-12-31 | $2.63 | $0.75 | 28.5% |
| 2002-12-31 | $1.93 | $0.30 | 15.5% |
| 2001-12-31 | ($1.54) | $0.00 | N/A (Loss) |
| 2000-12-31 | ($2.27) | $0.44 | N/A (Loss) |
| 1999-12-31 | $0.37 | $0.80 | 216.2% |
| 1998-12-31 | $0.31 | $0.77 | 248.4% |
| 1996-12-31 | $1.34 | $0.63 | 47.3% |
