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 20.39% is in line with its 5-year average of 19.14%, around the middle of its 5-year range (14.09%–29.98%).
As of Monday, August 10, 2026. 7.79% above its 12-month average of 18.92%.
Dividend Payout Ratio (20.39%) = TTM Dividends/Share ($0.68) / TTM EPS ($3.35)
DIVIDEND PAYOUT RATIO
20.39%
DIVIDEND PAYOUT RATIO AVG TTM
18.92%
DIVIDEND PAYOUT RATIO AVG 3Y
18.78%
DIVIDEND PAYOUT RATIO AVG 5Y
18.59%
DIVIDEND PAYOUT RATIO AVG 10Y
18.08%
DIVIDEND PAYOUT RATIO AVG 15Y
18.04%
DIVIDEND PAYOUT RATIO AVG 20Y
20.84%
CURRENT VS TTM AVG
+7.79%
CURRENT VS 3Y AVG
+8.59%
CURRENT VS 5Y AVG
+9.66%
CURRENT VS 10Y AVG
+12.74%
CURRENT VS 15Y AVG
+13.03%
CURRENT VS 20Y AVG
-2.19%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.29 | $0.63 | 19.1% |
| 2024 | $2.77 | $0.55 | 19.9% |
| 2023 | $3.18 | $0.57 | 17.8% |
| 2022 | $2.79 | $0.58 | 20.7% |
| 2021 | $3.32 | $0.60 | 18.2% |
| 2020 | $2.83 | $0.53 |
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 |
|---|---|
| 2026-08-07 | 20.39% |
| 2026-08-06 | 20.39% |
| 2026-08-05 | 20.39% |
| 2026-08-04 | 20.39% |
| 2026-08-03 | 20.39% |
| 2026-07-31 | 20.38% |
| 2026-07-30 | 20.38% |
| 2026-07-29 | 20.39% |
| 2026-07-28 | 19.42% |
| 2026-07-27 | 19.41% |
| 2026-07-24 | 19.42% |
| 2026-07-23 | 19.41% |
| 2026-07-22 | 19.42% |
| 2026-07-21 | 19.41% |
| 2026-07-20 | 19.42% |
| 2026-07-17 | 19.42% |
| 2026-07-16 | 19.41% |
| 2026-07-15 | 19.42% |
| 2026-07-14 | 19.42% |
| 2026-07-13 | 19.42% |
| 2026-07-10 | 19.42% |
| 2026-07-09 | 19.42% |
| 2026-07-08 | 19.41% |
| 2026-07-07 | 19.42% |
| 2026-07-06 | 19.42% |
| 2026-07-02 | 19.42% |
| 2026-07-01 | 19.42% |
| 2026-06-30 | 19.41% |
| 2026-06-29 | 19.42% |
| 2026-06-26 | 24.16% |
| 2026-06-25 | 18.79% |
| 2026-06-24 | 18.79% |
| 2026-06-23 | 18.79% |
| 2026-06-22 | 18.78% |
| 2026-06-18 | 18.79% |
| 2026-06-17 | 18.79% |
| 2026-06-16 | 18.79% |
| 2026-06-15 | 18.79% |
| 2026-06-12 | 18.79% |
| 2026-06-11 | 18.79% |
| 2026-06-10 | 18.79% |
| 2026-06-09 | 18.79% |
| 2026-06-08 | 18.79% |
| 2026-06-05 | 18.79% |
| 2026-06-04 | 18.79% |
| 2026-06-03 | 18.78% |
| 2026-06-02 | 18.79% |
| 2026-06-01 | 18.79% |
| 2026-05-29 | 18.79% |
| 2026-05-28 | 18.79% |
| 2026-05-27 | 18.79% |
| 2026-05-26 | 18.78% |
| 2026-05-22 | 18.79% |
| 2026-05-21 | 18.79% |
| 2026-05-20 | 18.78% |
| 2026-05-19 | 18.78% |
| 2026-05-18 | 18.79% |
| 2026-05-15 | 18.79% |
| 2026-05-14 | 18.79% |
| 2026-05-13 | 18.79% |
| 2026-05-12 | 18.79% |
| 2026-05-11 | 18.79% |
| 2026-05-08 | 18.79% |
| 2026-05-07 | 18.79% |
| 2026-05-06 | 18.79% |
| 2026-05-05 | 18.79% |
| 2026-05-04 | 18.79% |
| 2026-05-01 | 18.79% |
| 2026-04-30 | 18.79% |
| 2026-04-29 | 18.79% |
| 2026-04-28 | 20.33% |
| 2026-04-27 | 20.34% |
| 2026-04-24 | 20.34% |
| 2026-04-23 | 20.34% |
| 2026-04-22 | 20.34% |
| 2026-04-21 | 20.33% |
| 2026-04-20 | 20.34% |
| 2026-04-17 | 20.33% |
| 2026-04-16 | 20.34% |
| 2026-04-15 | 20.34% |
| 2026-04-14 | 20.34% |
| 2026-04-13 | 20.34% |
| 2026-04-10 | 20.33% |
| 2026-04-09 | 20.34% |
| 2026-04-08 | 20.33% |
| 2026-04-07 | 20.34% |
| 2026-04-06 | 20.33% |
| 2026-04-02 | 20.34% |
| 2026-04-01 | 20.34% |
| 2026-03-31 | 20.33% |
| 2026-03-30 | 20.33% |
| 2026-03-27 | 24.43% |
| 2026-03-26 | 19.37% |
| 2026-03-25 | 19.37% |
| 2026-03-24 | 19.37% |
| 2026-03-23 | 19.37% |
| 2026-03-20 | 19.37% |
| 2026-03-19 | 19.37% |
| 2026-03-18 | 19.37% |
| 2026-03-17 | 19.37% |
| 2026-03-16 | 19.38% |
| 2026-03-13 | 19.37% |
| 2026-03-12 | 19.38% |
| 2026-03-11 | 19.38% |
| 2026-03-10 | 19.38% |
| 2026-03-09 | 19.38% |
| 2026-03-06 | 19.38% |
| 2026-03-05 | 19.37% |
| 2026-03-04 | 19.37% |
| 2026-03-03 | 19.37% |
| 2026-03-02 | 19.38% |
| 2026-02-27 | 19.37% |
| 2026-02-26 | 19.38% |
| 2026-02-25 | 19.28% |
| 2026-02-24 | 19.28% |
| 2026-02-23 | 19.28% |
| 2026-02-20 | 19.28% |
| 2026-02-19 | 19.28% |
| 2026-02-18 | 19.28% |
| 2026-02-17 | 19.28% |
| 2026-02-13 | 19.28% |
| 2026-02-12 | 19.28% |
| 2026-02-11 | 19.28% |
| 2026-02-10 | 19.28% |
| 2026-02-09 | 19.28% |
| 2026-02-06 | 19.28% |
| 2026-02-05 | 19.28% |
| 2026-02-04 | 19.28% |
| 2026-02-03 | 19.28% |
| 2026-02-02 | 19.28% |
| 2026-01-30 | 19.28% |
| 2026-01-29 | 19.28% |
| 2026-01-28 | 19.28% |
| 2026-01-27 | 19.28% |
| 2026-01-26 | 19.28% |
| 2026-01-23 | 19.28% |
| 2026-01-22 | 19.28% |
| 2026-01-21 | 19.28% |
| 2026-01-20 | 19.28% |
| 2026-01-16 | 19.28% |
| 2026-01-15 | 19.28% |
| 2026-01-14 | 19.28% |
| 2026-01-13 | 19.28% |
| 2026-01-12 | 19.28% |
| 2026-01-09 | 19.28% |
| 2026-01-08 | 19.28% |
| 2026-01-07 | 19.28% |
| 2026-01-06 | 19.28% |
| 2026-01-05 | 19.28% |
| 2026-01-02 | 19.28% |
| 2025-12-31 | 19.28% |
| 2025-12-30 | 14.19% |
| 2025-12-29 | 14.19% |
| 2025-12-26 | 18.22% |
| 2025-12-24 | 18.22% |
| 2025-12-23 | 18.23% |
| 2025-12-22 | 18.23% |
| 2025-12-19 | 18.22% |
| 2025-12-18 | 18.23% |
| 2025-12-17 | 18.22% |
| 2025-12-16 | 18.23% |
| 2025-12-15 | 18.23% |
| 2025-12-12 | 18.23% |
| 2025-12-11 | 18.23% |
| 2025-12-10 | 18.23% |
| 2025-12-09 | 18.23% |
| 2025-12-08 | 18.23% |
| 2025-12-05 | 18.23% |
| 2025-12-04 | 18.23% |
| 2025-12-03 | 18.23% |
| 2025-12-02 | 18.23% |
| 2025-12-01 | 18.23% |
| 2025-11-28 | 18.22% |
| 2025-11-26 | 18.23% |
| 2025-11-25 | 18.22% |
| 2025-11-24 | 18.22% |
| 2025-11-21 | 18.23% |
| 2025-11-20 | 18.22% |
| 2025-11-19 | 18.23% |
| 2025-11-18 | 18.23% |
| 2025-11-17 | 18.23% |
| 2025-11-14 | 18.23% |
| 2025-11-13 | 18.23% |
| 2025-11-12 | 18.23% |
| 2025-11-11 | 18.23% |
| 2025-11-10 | 18.22% |
| 2025-11-07 | 18.23% |
| 2025-11-06 | 18.23% |
| 2025-11-05 | 18.22% |
| 2025-11-04 | 18.23% |
| 2025-11-03 | 18.23% |
| 2025-10-31 | 18.22% |
| 2025-10-30 | 18.23% |
| 2025-10-29 | 18.23% |
| 2025-10-28 | 18.61% |
| 2025-10-27 | 18.61% |
| 2025-10-24 | 18.61% |
| 2025-10-23 | 18.61% |
| 2025-10-22 | 18.61% |
| 2025-10-21 | 18.61% |
| 2025-10-20 | 18.61% |
| 2025-10-17 | 18.61% |
| 2025-10-16 | 18.61% |
| 2025-10-15 | 18.61% |
| 2025-10-14 | 18.61% |
| 2025-10-13 | 18.61% |
| 2025-10-10 | 18.61% |
| 2025-10-09 | 18.61% |
| 2025-10-08 | 18.61% |
| 2025-10-07 | 18.61% |
| 2025-10-06 | 18.61% |
| 2025-10-03 | 18.61% |
| 2025-10-02 | 18.61% |
| 2025-10-01 | 18.61% |
| 2025-09-30 | 18.61% |
| 2025-09-29 | 18.61% |
| 2025-09-26 | 23.02% |
| 2025-09-25 | 17.90% |
| 2025-09-24 | 17.90% |
| 2025-09-23 | 17.90% |
| 2025-09-22 | 17.90% |
| 2025-09-19 | 17.90% |
| 2025-09-18 | 17.90% |
| 2025-09-17 | 17.90% |
| 2025-09-16 | 17.90% |
| 2025-09-15 | 17.90% |
| 2025-09-12 | 17.90% |
| 2025-09-11 | 17.90% |
| 2025-09-10 | 17.90% |
| 2025-09-09 | 17.90% |
| 2025-09-08 | 17.90% |
| 2025-09-05 | 17.90% |
| 2025-09-04 | 17.90% |
| 2025-09-03 | 17.90% |
| 2025-09-02 | 17.90% |
| 2025-08-29 | 17.90% |
| 2025-08-28 | 17.90% |
| 2025-08-27 | 17.90% |
| 2025-08-26 | 17.90% |
| 2025-08-25 | 17.90% |
| 2025-08-22 | 17.90% |
| 2025-08-21 | 17.90% |
| 2025-08-20 | 17.90% |
| 2025-08-19 | 17.90% |
| 2025-08-18 | 17.90% |
| 2025-08-15 | 17.90% |
| 2025-08-14 | 17.90% |
| 2025-08-13 | 17.90% |
| 2025-08-12 | 17.90% |
| 2025-08-11 | 17.90% |
| 2025-08-08 | 17.90% |
| 2025-08-07 | 17.90% |
| 2025-08-06 | 17.90% |
| 2025-08-05 | 17.90% |
| 2025-08-04 | 17.90% |
| 2025-08-01 | 17.90% |
| 2025-07-31 | 17.90% |
| 2025-07-30 | 17.90% |
| 2025-07-29 | 19.53% |
| 2025-07-28 | 19.53% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 18.7% |
| 2019 | $2.71 | $0.47 | 17.5% |
| 2018 | $2.00 | $0.38 | 19.0% |
| 2017 | $2.62 | $0.34 | 12.9% |
| 2016 | $1.59 | $0.28 | 17.7% |
| 2015 | $1.22 | $0.22 | 17.7% |
| 2014 | $1.47 | $0.25 | 17.1% |
| 2013 | $0.94 | $0.27 | 28.6% |
| 2012 | $0.56 | $0.27 | 48.0% |
| 2011 | $0.66 | $0.23 | 35.7% |
| 2010 | $0.77 | $0.21 | 26.9% |
| 2009 | $0.64 | $0.18 | 27.8% |
| 2008 | $0.66 | $0.19 | 28.1% |
| 2007 | $1.23 | $0.17 | 13.9% |
| 2006 | $0.87 | $0.13 | 15.2% |
| 2005 | $0.59 | $0.12 | 19.6% |
| 2004 | $0.43 | $0.10 | 24.1% |
| 2003 | $0.39 | $0.10 | 24.9% |
| 2002 | $0.39 | $0.09 | 23.6% |
| 2001 | $0.29 | $0.10 | 33.1% |
| 2000 | $0.45 | $0.06 | 12.5% |
| 1999 | $0.06 | $0.06 | 95.9% |
| 1998 | $0.30 | $0.05 | 18.0% |
| 1997 | $0.41 | $0.05 | 11.6% |
