Reported quarterly values; no daily interpolation.
+2.1pp over 10Y
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Annual Dividend History(ex-date basis)
Year
Dividend/Share
YoY Growth
2026(YTD)
$3.73
Not comparable
2025
$4.92
+1.65%
2024
$4.84
+1.68%
2023
$4.76
+1.71%
2022
$4.68
+3.08%
2021
$4.54
+4.61%
2020
$4.34
+7.43%
2019
$4.04
+8.60%
Dividend Yield Metrics
Current Yield
5.55%
Average Yield (TTM)
4.70%
Average Yield (3Y)
3.41%
Forward Yield on Cost (3Y)
5.89%
Forward Yield on Cost (5Y)
6.13%
Forward Yield on Cost (10Y)
6.78%
Payout Ratio Analysis
Payout Ratio (Current)
103.32%
FCF Payout Ratio
149.44%
Payout Ratio (3Y Avg)
227.83%
Payout Ratio (5Y Avg)
177.73%
FCF Payout (3Y Avg)
89.18%
FCF Payout (5Y Avg)
87.11%
An FCF payout above 100% means dividends exceeded the period's free cash flow, often because of temporarily depressed FCF (one-off capex or working-capital swings) rather than an unfunded dividend. Compare against the earnings payout ratio and the multi-year trend before drawing a conclusion.
Dividend Coverage
Payout Ratio
103.3%
Dividends / net income
FCF Payout Ratio
149.4%
Dividends / free cash flow
Consecutive Years
47 years
Consecutive years of dividend increases
5Y Dividend Growth
2.5%
Compound annual dividend growth
This step chart displays the nominal dividend payouts over time by ex-dividend date (the date you must own the stock by to receive each payment), matching the distribution frequency.
