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 34.40% is 27% above its 5-year average of 27.13%, near the high end of its 5-year range (19.84%–34.69%).
As of Saturday, July 25, 2026. 25.38% above its 12-month average of 27.44%.
Dividend Payout Ratio (34.40%) = TTM Dividends/Share ($6.84) / TTM EPS ($19.88)
DIVIDEND PAYOUT RATIO
34.40%
DIVIDEND PAYOUT RATIO AVG TTM
27.44%
DIVIDEND PAYOUT RATIO AVG 3Y
27.32%
DIVIDEND PAYOUT RATIO AVG 5Y
27.11%
DIVIDEND PAYOUT RATIO AVG 10Y
28.75%
DIVIDEND PAYOUT RATIO AVG 15Y
28.52%
DIVIDEND PAYOUT RATIO AVG 20Y
27.90%
CURRENT VS TTM AVG
+25.38%
CURRENT VS 3Y AVG
+25.93%
CURRENT VS 5Y AVG
+26.93%
CURRENT VS 10Y AVG
+19.68%
CURRENT VS 15Y AVG
+20.61%
CURRENT VS 20Y AVG
+23.32%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $18.24 | $5.06 | 27.7% |
| 2024 | $16.60 | $4.50 | 27.1% |
| 2023 | $14.18 | $3.96 | 27.9% |
| 2022 | $13.17 | $3.49 | 26.5% |
| 2021 | $11.30 | $3.07 | 27.2% |
| 2020 | $9.05 | $2.75 |
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 |
|---|---|
| 2026-07-24 | 34.40% |
| 2026-07-23 | 27.01% |
| 2026-07-22 | 27.01% |
| 2026-07-21 | 27.01% |
| 2026-07-20 | 27.01% |
| 2026-07-17 | 27.01% |
| 2026-07-16 | 27.01% |
| 2026-07-15 | 27.01% |
| 2026-07-14 | 27.01% |
| 2026-07-13 | 27.01% |
| 2026-07-10 | 27.01% |
| 2026-07-09 | 27.01% |
| 2026-07-08 | 27.01% |
| 2026-07-07 | 27.01% |
| 2026-07-06 | 27.01% |
| 2026-07-02 | 27.01% |
| 2026-07-01 | 27.01% |
| 2026-06-30 | 27.01% |
| 2026-06-29 | 27.01% |
| 2026-06-26 | 27.01% |
| 2026-06-25 | 27.01% |
| 2026-06-24 | 27.01% |
| 2026-06-23 | 27.01% |
| 2026-06-22 | 27.01% |
| 2026-06-18 | 27.01% |
| 2026-06-17 | 27.01% |
| 2026-06-16 | 27.01% |
| 2026-06-15 | 27.01% |
| 2026-06-12 | 27.01% |
| 2026-06-11 | 27.01% |
| 2026-06-10 | 27.01% |
| 2026-06-09 | 27.01% |
| 2026-06-08 | 27.01% |
| 2026-06-05 | 27.01% |
| 2026-06-04 | 27.01% |
| 2026-06-03 | 27.01% |
| 2026-06-02 | 27.01% |
| 2026-06-01 | 27.01% |
| 2026-05-29 | 27.01% |
| 2026-05-28 | 27.01% |
| 2026-05-27 | 27.92% |
| 2026-05-26 | 27.92% |
| 2026-05-22 | 27.92% |
| 2026-05-21 | 27.93% |
| 2026-05-20 | 27.92% |
| 2026-05-19 | 27.93% |
| 2026-05-18 | 27.93% |
| 2026-05-15 | 27.93% |
| 2026-05-14 | 27.93% |
| 2026-05-13 | 27.92% |
| 2026-05-12 | 27.93% |
| 2026-05-11 | 27.92% |
| 2026-05-08 | 27.93% |
| 2026-05-07 | 27.93% |
| 2026-05-06 | 27.92% |
| 2026-05-05 | 27.93% |
| 2026-05-04 | 27.93% |
| 2026-05-01 | 34.69% |
| 2026-04-30 | 27.04% |
| 2026-04-29 | 27.04% |
| 2026-04-28 | 27.04% |
| 2026-04-27 | 27.04% |
| 2026-04-24 | 27.04% |
| 2026-04-23 | 27.04% |
| 2026-04-22 | 27.04% |
| 2026-04-21 | 27.04% |
| 2026-04-20 | 27.04% |
| 2026-04-17 | 27.04% |
| 2026-04-16 | 27.04% |
| 2026-04-15 | 27.04% |
| 2026-04-14 | 27.04% |
| 2026-04-13 | 27.04% |
| 2026-04-10 | 27.04% |
| 2026-04-09 | 27.04% |
| 2026-04-08 | 27.04% |
| 2026-04-07 | 27.04% |
| 2026-04-06 | 27.04% |
| 2026-04-02 | 27.04% |
| 2026-04-01 | 27.04% |
| 2026-03-31 | 27.04% |
| 2026-03-30 | 27.04% |
| 2026-03-27 | 27.04% |
| 2026-03-26 | 27.04% |
| 2026-03-25 | 27.04% |
| 2026-03-24 | 27.04% |
| 2026-03-23 | 27.04% |
| 2026-03-20 | 27.04% |
| 2026-03-19 | 27.04% |
| 2026-03-18 | 27.04% |
| 2026-03-17 | 27.04% |
| 2026-03-16 | 27.04% |
| 2026-03-13 | 27.04% |
| 2026-03-12 | 27.04% |
| 2026-03-11 | 27.04% |
| 2026-03-10 | 27.85% |
| 2026-03-09 | 27.85% |
| 2026-03-06 | 27.85% |
| 2026-03-05 | 27.85% |
| 2026-03-04 | 27.85% |
| 2026-03-03 | 27.85% |
| 2026-03-02 | 27.85% |
| 2026-02-27 | 27.85% |
| 2026-02-26 | 27.85% |
| 2026-02-25 | 27.85% |
| 2026-02-24 | 27.85% |
| 2026-02-23 | 27.85% |
| 2026-02-20 | 27.85% |
| 2026-02-19 | 27.85% |
| 2026-02-18 | 27.85% |
| 2026-02-17 | 27.85% |
| 2026-02-13 | 27.85% |
| 2026-02-12 | 27.85% |
| 2026-02-11 | 27.85% |
| 2026-02-10 | 27.85% |
| 2026-02-09 | 27.85% |
| 2026-02-06 | 34.06% |
| 2026-02-05 | 34.07% |
| 2026-02-04 | 34.06% |
| 2026-02-03 | 34.07% |
| 2026-02-02 | 34.07% |
| 2026-01-30 | 34.06% |
| 2026-01-29 | 27.10% |
| 2026-01-28 | 27.10% |
| 2026-01-27 | 27.10% |
| 2026-01-26 | 27.10% |
| 2026-01-23 | 27.10% |
| 2026-01-22 | 27.10% |
| 2026-01-21 | 27.10% |
| 2026-01-20 | 27.10% |
| 2026-01-16 | 27.10% |
| 2026-01-15 | 27.10% |
| 2026-01-14 | 27.10% |
| 2026-01-13 | 27.10% |
| 2026-01-12 | 27.10% |
| 2026-01-09 | 27.10% |
| 2026-01-08 | 27.10% |
| 2026-01-07 | 27.10% |
| 2026-01-06 | 27.10% |
| 2026-01-05 | 27.10% |
| 2026-01-02 | 27.10% |
| 2025-12-31 | 27.10% |
| 2025-12-30 | 27.10% |
| 2025-12-29 | 27.10% |
| 2025-12-26 | 27.10% |
| 2025-12-24 | 27.10% |
| 2025-12-23 | 27.10% |
| 2025-12-22 | 27.10% |
| 2025-12-19 | 27.10% |
| 2025-12-18 | 27.10% |
| 2025-12-17 | 27.11% |
| 2025-12-16 | 27.79% |
| 2025-12-15 | 27.79% |
| 2025-12-12 | 27.79% |
| 2025-12-11 | 27.79% |
| 2025-12-10 | 27.79% |
| 2025-12-09 | 27.79% |
| 2025-12-08 | 27.79% |
| 2025-12-05 | 27.79% |
| 2025-12-04 | 27.79% |
| 2025-12-03 | 27.79% |
| 2025-12-02 | 27.79% |
| 2025-12-01 | 27.79% |
| 2025-11-28 | 27.79% |
| 2025-11-26 | 27.79% |
| 2025-11-25 | 27.79% |
| 2025-11-24 | 27.79% |
| 2025-11-21 | 27.79% |
| 2025-11-20 | 27.78% |
| 2025-11-19 | 27.79% |
| 2025-11-18 | 27.79% |
| 2025-11-17 | 27.78% |
| 2025-11-14 | 27.79% |
| 2025-11-13 | 27.79% |
| 2025-11-12 | 27.79% |
| 2025-11-11 | 27.78% |
| 2025-11-10 | 27.79% |
| 2025-11-07 | 27.79% |
| 2025-11-06 | 27.79% |
| 2025-11-05 | 27.79% |
| 2025-11-04 | 27.79% |
| 2025-11-03 | 27.79% |
| 2025-10-31 | 34.16% |
| 2025-10-30 | 27.02% |
| 2025-10-29 | 27.02% |
| 2025-10-28 | 27.02% |
| 2025-10-27 | 27.02% |
| 2025-10-24 | 27.02% |
| 2025-10-23 | 27.02% |
| 2025-10-22 | 27.02% |
| 2025-10-21 | 27.02% |
| 2025-10-20 | 27.02% |
| 2025-10-17 | 27.02% |
| 2025-10-16 | 27.02% |
| 2025-10-15 | 27.02% |
| 2025-10-14 | 27.02% |
| 2025-10-13 | 27.02% |
| 2025-10-10 | 27.02% |
| 2025-10-09 | 27.02% |
| 2025-10-08 | 27.02% |
| 2025-10-07 | 27.02% |
| 2025-10-06 | 27.91% |
| 2025-10-03 | 27.91% |
| 2025-10-02 | 27.91% |
| 2025-10-01 | 27.91% |
| 2025-09-30 | 27.91% |
| 2025-09-29 | 27.91% |
| 2025-09-26 | 27.90% |
| 2025-09-25 | 27.91% |
| 2025-09-24 | 27.91% |
| 2025-09-23 | 27.91% |
| 2025-09-22 | 27.91% |
| 2025-09-19 | 27.91% |
| 2025-09-18 | 27.91% |
| 2025-09-17 | 27.90% |
| 2025-09-16 | 27.91% |
| 2025-09-15 | 27.91% |
| 2025-09-12 | 27.91% |
| 2025-09-11 | 27.91% |
| 2025-09-10 | 27.91% |
| 2025-09-09 | 27.90% |
| 2025-09-08 | 27.90% |
| 2025-09-05 | 27.91% |
| 2025-09-04 | 27.91% |
| 2025-09-03 | 27.91% |
| 2025-09-02 | 27.91% |
| 2025-08-29 | 27.91% |
| 2025-08-28 | 27.91% |
| 2025-08-27 | 27.91% |
| 2025-08-26 | 27.90% |
| 2025-08-25 | 27.91% |
| 2025-08-22 | 27.91% |
| 2025-08-21 | 27.91% |
| 2025-08-20 | 27.91% |
| 2025-08-19 | 27.91% |
| 2025-08-18 | 27.91% |
| 2025-08-15 | 27.91% |
| 2025-08-14 | 27.91% |
| 2025-08-13 | 27.91% |
| 2025-08-12 | 27.91% |
| 2025-08-11 | 27.91% |
| 2025-08-08 | 27.91% |
| 2025-08-07 | 27.91% |
| 2025-08-06 | 27.91% |
| 2025-08-05 | 27.90% |
| 2025-08-04 | 27.91% |
| 2025-08-01 | 27.91% |
| 2025-07-31 | 20.53% |
| 2025-07-30 | 20.53% |
| 2025-07-29 | 20.53% |
| 2025-07-28 | 20.53% |
| 2025-07-25 | 27.11% |
| 2025-07-24 | 27.11% |
| 2025-07-23 | 27.12% |
| 2025-07-22 | 27.11% |
| 2025-07-21 | 27.11% |
| 2025-07-18 | 27.11% |
| 2025-07-17 | 27.11% |
| 2025-07-16 | 27.11% |
| 2025-07-15 | 27.11% |
| 2025-07-14 | 27.11% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 30.4% |
| 2019 | $8.32 | $2.52 | 30.3% |
| 2018 | $7.15 | $2.21 | 30.9% |
| 2017 | $6.11 | $1.95 | 31.9% |
| 2016 | $5.36 | $1.75 | 32.6% |
| 2015 | $5.41 | $1.56 | 28.7% |
| 2014 | $4.69 | $1.38 | 29.3% |
| 2013 | $4.68 | $1.21 | 25.7% |
| 2012 | $3.94 | $1.06 | 27.0% |
| 2011 | $3.35 | $0.92 | 27.6% |
| 2010 | $2.97 | $0.79 | 26.8% |
| 2009 | $2.50 | $0.70 | 28.0% |
| 2008 | $2.95 | $0.63 | 21.2% |
| 2007 | $2.42 | $0.57 | 23.3% |
| 2006 | $2.35 | $0.51 | 21.5% |
| 2005 | $2.24 | $0.45 | 19.9% |
| 2004 | $1.92 | $0.30 | 15.6% |
| 2003 | $1.58 | $0.00 | 0.0% |
| 2002 | $1.54 | $0.00 | 0.0% |
| 2001 | $1.34 | $0.00 | 0.0% |
| 2000 | $1.41 | $0.00 | 0.0% |
| 1999 | $0.91 | $0.00 | 0.0% |
| 1998 | $1.07 | $0.00 | 0.0% |
| 1997 | $0.76 | $0.00 | 0.0% |
| 1996 | $0.64 | $0.00 | 0.0% |
