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 12.55% is 27% above its 5-year average of 9.89%, around the middle of its 5-year range (6.46%–15.80%).
As of Thursday, August 27, 2026. 4.77% above its 12-month average of 11.98%.
Dividend Payout Ratio (12.55%) = TTM Dividends/Share ($2.50) / TTM EPS ($19.92)
DIVIDEND PAYOUT RATIO
12.55%
DIVIDEND PAYOUT RATIO AVG TTM
11.98%
DIVIDEND PAYOUT RATIO AVG 3Y
10.60%
DIVIDEND PAYOUT RATIO AVG 5Y
9.89%
DIVIDEND PAYOUT RATIO AVG 10Y
10.26%
DIVIDEND PAYOUT RATIO AVG 15Y
12.38%
DIVIDEND PAYOUT RATIO AVG 20Y
12.24%
CURRENT VS TTM AVG
+4.77%
CURRENT VS 3Y AVG
+18.46%
CURRENT VS 5Y AVG
+26.92%
CURRENT VS 10Y AVG
+22.38%
CURRENT VS 15Y AVG
+1.36%
CURRENT VS 20Y AVG
+2.50%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $18.42 | $2.20 | 11.9% |
| 2024 | $20.10 | $1.80 | 9.0% |
| 2023 | $18.11 | $1.56 | 8.6% |
| 2022 | $16.72 | $1.48 | 8.9% |
| 2021 | $17.14 | $1.40 | 8.2% |
| 2020 | $20.02 | $1.32 |
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 |
|---|---|
| 2026-08-27 | 12.55% |
| 2026-08-26 | 12.55% |
| 2026-08-25 | 12.55% |
| 2026-08-24 | 12.55% |
| 2026-08-21 | 12.55% |
| 2026-08-20 | 12.55% |
| 2026-08-19 | 12.55% |
| 2026-08-18 | 12.55% |
| 2026-08-17 | 12.55% |
| 2026-08-14 | 9.04% |
| 2026-08-13 | 9.04% |
| 2026-08-12 | 9.04% |
| 2026-08-11 | 9.03% |
| 2026-08-10 | 12.05% |
| 2026-08-07 | 12.05% |
| 2026-08-06 | 12.05% |
| 2026-08-05 | 12.05% |
| 2026-08-04 | 12.05% |
| 2026-08-03 | 12.05% |
| 2026-07-31 | 12.05% |
| 2026-07-30 | 13.07% |
| 2026-07-29 | 13.07% |
| 2026-07-28 | 13.07% |
| 2026-07-27 | 13.07% |
| 2026-07-24 | 13.07% |
| 2026-07-23 | 13.07% |
| 2026-07-22 | 13.07% |
| 2026-07-21 | 13.07% |
| 2026-07-20 | 13.07% |
| 2026-07-17 | 13.07% |
| 2026-07-16 | 13.07% |
| 2026-07-15 | 13.07% |
| 2026-07-14 | 13.07% |
| 2026-07-13 | 13.07% |
| 2026-07-10 | 13.07% |
| 2026-07-09 | 13.07% |
| 2026-07-08 | 13.07% |
| 2026-07-07 | 13.07% |
| 2026-07-06 | 13.07% |
| 2026-07-02 | 13.07% |
| 2026-07-01 | 13.07% |
| 2026-06-30 | 13.07% |
| 2026-06-29 | 13.07% |
| 2026-06-26 | 13.07% |
| 2026-06-25 | 13.07% |
| 2026-06-24 | 13.07% |
| 2026-06-23 | 13.07% |
| 2026-06-22 | 13.07% |
| 2026-06-18 | 13.07% |
| 2026-06-17 | 13.07% |
| 2026-06-16 | 13.07% |
| 2026-06-15 | 13.07% |
| 2026-06-12 | 13.07% |
| 2026-06-11 | 13.07% |
| 2026-06-10 | 13.07% |
| 2026-06-09 | 13.07% |
| 2026-06-08 | 13.07% |
| 2026-06-05 | 13.07% |
| 2026-06-04 | 13.07% |
| 2026-06-03 | 13.07% |
| 2026-06-02 | 13.07% |
| 2026-06-01 | 13.07% |
| 2026-05-29 | 13.07% |
| 2026-05-28 | 15.80% |
| 2026-05-27 | 12.53% |
| 2026-05-26 | 12.53% |
| 2026-05-22 | 12.53% |
| 2026-05-21 | 12.53% |
| 2026-05-20 | 12.53% |
| 2026-05-19 | 12.53% |
| 2026-05-18 | 12.53% |
| 2026-05-15 | 12.53% |
| 2026-05-14 | 12.53% |
| 2026-05-13 | 12.53% |
| 2026-05-12 | 12.53% |
| 2026-05-11 | 12.53% |
| 2026-05-08 | 12.53% |
| 2026-05-07 | 12.53% |
| 2026-05-06 | 12.52% |
| 2026-05-05 | 12.53% |
| 2026-05-04 | 12.53% |
| 2026-05-01 | 12.53% |
| 2026-04-30 | 12.53% |
| 2026-04-29 | 12.53% |
| 2026-04-28 | 12.53% |
| 2026-04-27 | 12.52% |
| 2026-04-24 | 12.52% |
| 2026-04-23 | 12.52% |
| 2026-04-22 | 12.52% |
| 2026-04-21 | 12.52% |
| 2026-04-20 | 12.52% |
| 2026-04-17 | 12.52% |
| 2026-04-16 | 12.52% |
| 2026-04-15 | 12.52% |
| 2026-04-14 | 12.52% |
| 2026-04-13 | 12.52% |
| 2026-04-10 | 12.52% |
| 2026-04-09 | 12.52% |
| 2026-04-08 | 12.52% |
| 2026-04-07 | 12.52% |
| 2026-04-06 | 12.52% |
| 2026-04-02 | 12.52% |
| 2026-04-01 | 12.52% |
| 2026-03-31 | 12.52% |
| 2026-03-30 | 12.52% |
| 2026-03-27 | 12.52% |
| 2026-03-26 | 12.52% |
| 2026-03-25 | 12.52% |
| 2026-03-24 | 12.52% |
| 2026-03-23 | 12.52% |
| 2026-03-20 | 12.52% |
| 2026-03-19 | 12.52% |
| 2026-03-18 | 12.52% |
| 2026-03-17 | 12.52% |
| 2026-03-16 | 12.52% |
| 2026-03-13 | 12.52% |
| 2026-03-12 | 12.52% |
| 2026-03-11 | 12.52% |
| 2026-03-10 | 12.52% |
| 2026-03-09 | 12.52% |
| 2026-03-06 | 12.52% |
| 2026-03-05 | 12.52% |
| 2026-03-04 | 12.52% |
| 2026-03-03 | 12.52% |
| 2026-03-02 | 12.52% |
| 2026-02-27 | 12.52% |
| 2026-02-26 | 12.16% |
| 2026-02-25 | 12.16% |
| 2026-02-24 | 12.16% |
| 2026-02-23 | 14.81% |
| 2026-02-20 | 11.63% |
| 2026-02-19 | 11.64% |
| 2026-02-18 | 11.63% |
| 2026-02-17 | 11.64% |
| 2026-02-13 | 11.63% |
| 2026-02-12 | 11.63% |
| 2026-02-11 | 11.63% |
| 2026-02-10 | 11.63% |
| 2026-02-09 | 11.63% |
| 2026-02-06 | 11.64% |
| 2026-02-05 | 11.64% |
| 2026-02-04 | 11.64% |
| 2026-02-03 | 11.63% |
| 2026-02-02 | 11.64% |
| 2026-01-30 | 11.64% |
| 2026-01-29 | 11.63% |
| 2026-01-28 | 11.63% |
| 2026-01-27 | 11.63% |
| 2026-01-26 | 11.63% |
| 2026-01-23 | 11.64% |
| 2026-01-22 | 11.63% |
| 2026-01-21 | 11.63% |
| 2026-01-20 | 11.64% |
| 2026-01-16 | 11.64% |
| 2026-01-15 | 11.63% |
| 2026-01-14 | 11.63% |
| 2026-01-13 | 11.63% |
| 2026-01-12 | 11.63% |
| 2026-01-09 | 11.63% |
| 2026-01-08 | 11.63% |
| 2026-01-07 | 11.63% |
| 2026-01-06 | 11.64% |
| 2026-01-05 | 11.63% |
| 2026-01-02 | 11.63% |
| 2025-12-31 | 11.64% |
| 2025-12-30 | 11.63% |
| 2025-12-29 | 11.63% |
| 2025-12-26 | 11.63% |
| 2025-12-24 | 11.63% |
| 2025-12-23 | 11.63% |
| 2025-12-22 | 11.63% |
| 2025-12-19 | 11.63% |
| 2025-12-18 | 11.63% |
| 2025-12-17 | 11.63% |
| 2025-12-16 | 11.63% |
| 2025-12-15 | 11.63% |
| 2025-12-12 | 11.63% |
| 2025-12-11 | 11.63% |
| 2025-12-10 | 11.64% |
| 2025-12-09 | 11.64% |
| 2025-12-08 | 11.63% |
| 2025-12-05 | 11.63% |
| 2025-12-04 | 11.64% |
| 2025-12-03 | 11.63% |
| 2025-12-02 | 11.63% |
| 2025-12-01 | 11.64% |
| 2025-11-28 | 11.64% |
| 2025-11-26 | 11.63% |
| 2025-11-25 | 11.64% |
| 2025-11-24 | 11.63% |
| 2025-11-21 | 11.63% |
| 2025-11-20 | 11.63% |
| 2025-11-19 | 11.63% |
| 2025-11-18 | 11.63% |
| 2025-11-17 | 14.28% |
| 2025-11-14 | 11.10% |
| 2025-11-13 | 11.11% |
| 2025-11-12 | 11.11% |
| 2025-11-11 | 11.10% |
| 2025-11-10 | 11.11% |
| 2025-11-07 | 11.10% |
| 2025-11-06 | 11.10% |
| 2025-11-05 | 11.11% |
| 2025-11-04 | 11.11% |
| 2025-11-03 | 11.10% |
| 2025-10-31 | 11.11% |
| 2025-10-30 | 10.79% |
| 2025-10-29 | 10.79% |
| 2025-10-28 | 10.78% |
| 2025-10-27 | 10.78% |
| 2025-10-24 | 10.79% |
| 2025-10-23 | 10.78% |
| 2025-10-22 | 10.78% |
| 2025-10-21 | 10.79% |
| 2025-10-20 | 10.78% |
| 2025-10-17 | 10.79% |
| 2025-10-16 | 10.78% |
| 2025-10-15 | 10.79% |
| 2025-10-14 | 10.79% |
| 2025-10-13 | 10.79% |
| 2025-10-10 | 10.79% |
| 2025-10-09 | 10.79% |
| 2025-10-08 | 10.79% |
| 2025-10-07 | 10.79% |
| 2025-10-06 | 10.79% |
| 2025-10-03 | 10.79% |
| 2025-10-02 | 10.78% |
| 2025-10-01 | 10.78% |
| 2025-09-30 | 10.79% |
| 2025-09-29 | 10.78% |
| 2025-09-26 | 10.79% |
| 2025-09-25 | 10.79% |
| 2025-09-24 | 10.79% |
| 2025-09-23 | 10.78% |
| 2025-09-22 | 10.79% |
| 2025-09-19 | 10.79% |
| 2025-09-18 | 10.79% |
| 2025-09-17 | 10.79% |
| 2025-09-16 | 10.79% |
| 2025-09-15 | 10.78% |
| 2025-09-12 | 10.79% |
| 2025-09-11 | 10.79% |
| 2025-09-10 | 10.79% |
| 2025-09-09 | 10.79% |
| 2025-09-08 | 10.79% |
| 2025-09-05 | 10.79% |
| 2025-09-04 | 10.79% |
| 2025-09-03 | 10.79% |
| 2025-09-02 | 10.79% |
| 2025-08-29 | 10.79% |
| 2025-08-28 | 10.79% |
| 2025-08-27 | 10.79% |
| 2025-08-26 | 10.79% |
| 2025-08-25 | 10.79% |
| 2025-08-22 | 10.79% |
| 2025-08-21 | 10.78% |
| 2025-08-20 | 10.79% |
| 2025-08-19 | 10.79% |
| 2025-08-18 | 10.79% |
| 2025-08-15 | 10.79% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 6.6% |
| 2019 | $13.77 | $1.24 | 9.0% |
| 2018 | $12.80 | $1.16 | 9.1% |
| 2017 | $6.11 | $1.08 | 17.7% |
| 2016 | $6.64 | $1.00 | 15.1% |
| 2015 | $6.54 | $0.92 | 14.1% |
| 2014 | $5.79 | $0.84 | 14.5% |
| 2013 | $4.24 | $0.76 | 17.9% |
| 2012 | $4.72 | $0.68 | 14.4% |
| 2011 | $4.19 | $0.60 | 14.3% |
| 2010 | $3.62 | $0.52 | 14.4% |
| 2009 | $3.29 | $0.36 | 10.9% |
| 2008 | $3.08 | $0.24 | 7.8% |
| 2007 | $2.61 | $0.24 | 9.2% |
| 2006 | $1.94 | $0.24 | 12.4% |
| 2005 | $1.40 | $0.24 | 17.1% |
| 2004 | $1.14 | $0.24 | 21.1% |
| 2003 | ($0.17) | $0.24 | N/A (Loss) |
| 2002 | ($0.09) | $0.23 | N/A (Loss) |
| 2001 | ($0.53) | $0.22 | N/A (Loss) |
| 2000 | $1.01 | $0.20 | 19.8% |
| 1999 | $0.93 | $1.06 | 114.0% |
| 1998 | $0.99 | $1.06 | 107.1% |
| 1997 | $1.52 | $1.04 | 68.8% |
| 1996 | $1.65 | $1.04 | 63.0% |
