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 38.09% is in line with its 5-year average of 36.25%, around the middle of its 5-year range (23.11%–57.98%).
As of Friday, September 11, 2026. 2.53% above its 12-month average of 37.15%.
Dividend Payout Ratio (38.09%) = TTM Dividends/Share ($1.87) / TTM EPS ($4.91)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
38.09%
DIVIDEND PAYOUT RATIO AVG TTM
37.15%
DIVIDEND PAYOUT RATIO AVG 3Y
36.80%
DIVIDEND PAYOUT RATIO AVG 5Y
36.25%
DIVIDEND PAYOUT RATIO AVG 10Y
32.92%
DIVIDEND PAYOUT RATIO AVG 15Y
31.76%
DIVIDEND PAYOUT RATIO AVG 20Y
30.73%
CURRENT VS TTM AVG
+2.53%
CURRENT VS 3Y AVG
+3.48%
CURRENT VS 5Y AVG
+5.06%
CURRENT VS 10Y AVG
+15.68%
CURRENT VS 15Y AVG
+19.94%
CURRENT VS 20Y AVG
+23.93%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2026-05-31 | $4.97 | $1.80 | 36.2% |
| 2025-05-31 | $4.48 | $1.56 | 34.8% |
| 2024-05-31 | $3.85 | $1.35 | 35.1% |
| 2023-05-31 | $3.30 | $1.15 | 34.8% |
| 2022-05-31 | $2.98 | $0.95 | 31.9% |
| 2021-05-31 | $2.63 |
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 |
|---|---|
| 2026-09-11 | 38.09% |
| 2026-09-10 | 38.09% |
| 2026-09-09 | 38.08% |
| 2026-09-08 | 38.09% |
| 2026-09-04 | 38.09% |
| 2026-09-03 | 38.09% |
| 2026-09-02 | 38.08% |
| 2026-09-01 | 38.08% |
| 2026-08-31 | 38.09% |
| 2026-08-28 | 38.08% |
| 2026-08-27 | 38.09% |
| 2026-08-26 | 38.09% |
| 2026-08-25 | 38.08% |
| 2026-08-24 | 38.09% |
| 2026-08-21 | 38.09% |
| 2026-08-20 | 38.09% |
| 2026-08-19 | 38.09% |
| 2026-08-18 | 38.08% |
| 2026-08-17 | 38.09% |
| 2026-08-14 | 47.26% |
| 2026-08-13 | 36.66% |
| 2026-08-12 | 36.66% |
| 2026-08-11 | 36.66% |
| 2026-08-10 | 36.66% |
| 2026-08-07 | 36.66% |
| 2026-08-06 | 36.66% |
| 2026-08-05 | 36.66% |
| 2026-08-04 | 36.66% |
| 2026-08-03 | 36.66% |
| 2026-07-31 | 36.66% |
| 2026-07-30 | 36.66% |
| 2026-07-29 | 37.97% |
| 2026-07-28 | 37.98% |
| 2026-07-27 | 37.97% |
| 2026-07-24 | 37.97% |
| 2026-07-23 | 37.97% |
| 2026-07-22 | 37.97% |
| 2026-07-21 | 37.97% |
| 2026-07-20 | 37.97% |
| 2026-07-17 | 37.97% |
| 2026-07-16 | 37.97% |
| 2026-07-15 | 37.97% |
| 2026-07-14 | 37.98% |
| 2026-07-13 | 37.98% |
| 2026-07-10 | 37.98% |
| 2026-07-09 | 37.98% |
| 2026-07-08 | 37.97% |
| 2026-07-07 | 37.97% |
| 2026-07-06 | 37.97% |
| 2026-07-02 | 37.97% |
| 2026-07-01 | 37.98% |
| 2026-06-30 | 37.97% |
| 2026-06-29 | 37.97% |
| 2026-06-26 | 37.98% |
| 2026-06-25 | 37.97% |
| 2026-06-24 | 37.97% |
| 2026-06-23 | 37.97% |
| 2026-06-22 | 37.98% |
| 2026-06-18 | 37.97% |
| 2026-06-17 | 37.98% |
| 2026-06-16 | 37.97% |
| 2026-06-15 | 37.97% |
| 2026-06-12 | 37.97% |
| 2026-06-11 | 37.97% |
| 2026-06-10 | 37.98% |
| 2026-06-09 | 37.98% |
| 2026-06-08 | 37.98% |
| 2026-06-05 | 37.97% |
| 2026-06-04 | 37.98% |
| 2026-06-03 | 37.97% |
| 2026-06-02 | 37.97% |
| 2026-06-01 | 37.98% |
| 2026-05-29 | 37.97% |
| 2026-05-28 | 37.97% |
| 2026-05-27 | 37.98% |
| 2026-05-26 | 37.97% |
| 2026-05-22 | 37.97% |
| 2026-05-21 | 37.97% |
| 2026-05-20 | 37.97% |
| 2026-05-19 | 37.98% |
| 2026-05-18 | 37.98% |
| 2026-05-15 | 37.98% |
| 2026-05-14 | 36.71% |
| 2026-05-13 | 36.70% |
| 2026-05-12 | 36.71% |
| 2026-05-11 | 36.71% |
| 2026-05-08 | 36.71% |
| 2026-05-07 | 36.71% |
| 2026-05-06 | 36.71% |
| 2026-05-05 | 36.71% |
| 2026-05-04 | 36.71% |
| 2026-05-01 | 36.71% |
| 2026-04-30 | 36.71% |
| 2026-04-29 | 36.71% |
| 2026-04-28 | 36.71% |
| 2026-04-27 | 36.71% |
| 2026-04-24 | 36.71% |
| 2026-04-23 | 36.71% |
| 2026-04-22 | 36.71% |
| 2026-04-21 | 36.71% |
| 2026-04-20 | 36.71% |
| 2026-04-17 | 36.71% |
| 2026-04-16 | 36.71% |
| 2026-04-15 | 36.71% |
| 2026-04-14 | 36.71% |
| 2026-04-13 | 36.71% |
| 2026-04-10 | 36.71% |
| 2026-04-09 | 36.71% |
| 2026-04-08 | 36.71% |
| 2026-04-07 | 37.58% |
| 2026-04-06 | 37.58% |
| 2026-04-02 | 37.58% |
| 2026-04-01 | 37.58% |
| 2026-03-31 | 37.58% |
| 2026-03-30 | 37.58% |
| 2026-03-27 | 37.58% |
| 2026-03-26 | 37.58% |
| 2026-03-25 | 37.58% |
| 2026-03-24 | 37.58% |
| 2026-03-23 | 37.58% |
| 2026-03-20 | 37.58% |
| 2026-03-19 | 37.58% |
| 2026-03-18 | 37.58% |
| 2026-03-17 | 37.58% |
| 2026-03-16 | 37.58% |
| 2026-03-13 | 37.58% |
| 2026-03-12 | 37.58% |
| 2026-03-11 | 37.58% |
| 2026-03-10 | 37.58% |
| 2026-03-09 | 37.58% |
| 2026-03-06 | 37.58% |
| 2026-03-05 | 37.58% |
| 2026-03-04 | 37.58% |
| 2026-03-03 | 37.58% |
| 2026-03-02 | 37.58% |
| 2026-02-27 | 37.58% |
| 2026-02-26 | 37.59% |
| 2026-02-25 | 37.58% |
| 2026-02-24 | 37.58% |
| 2026-02-23 | 37.58% |
| 2026-02-20 | 37.58% |
| 2026-02-19 | 37.58% |
| 2026-02-18 | 37.58% |
| 2026-02-17 | 37.58% |
| 2026-02-13 | 46.00% |
| 2026-02-12 | 36.28% |
| 2026-02-11 | 36.28% |
| 2026-02-10 | 36.29% |
| 2026-02-09 | 36.28% |
| 2026-02-06 | 36.28% |
| 2026-02-05 | 36.28% |
| 2026-02-04 | 36.28% |
| 2026-02-03 | 36.28% |
| 2026-02-02 | 36.28% |
| 2026-01-30 | 36.29% |
| 2026-01-29 | 36.28% |
| 2026-01-28 | 36.29% |
| 2026-01-27 | 36.29% |
| 2026-01-26 | 36.29% |
| 2026-01-23 | 36.29% |
| 2026-01-22 | 36.29% |
| 2026-01-21 | 36.29% |
| 2026-01-20 | 36.28% |
| 2026-01-16 | 36.29% |
| 2026-01-15 | 36.28% |
| 2026-01-14 | 36.28% |
| 2026-01-13 | 36.28% |
| 2026-01-12 | 36.28% |
| 2026-01-09 | 36.28% |
| 2026-01-08 | 36.28% |
| 2026-01-07 | 37.25% |
| 2026-01-06 | 37.25% |
| 2026-01-05 | 37.25% |
| 2026-01-02 | 37.25% |
| 2025-12-31 | 37.25% |
| 2025-12-30 | 37.25% |
| 2025-12-29 | 37.25% |
| 2025-12-26 | 37.25% |
| 2025-12-24 | 37.25% |
| 2025-12-23 | 37.25% |
| 2025-12-22 | 37.25% |
| 2025-12-19 | 37.25% |
| 2025-12-18 | 37.25% |
| 2025-12-17 | 37.25% |
| 2025-12-16 | 37.25% |
| 2025-12-15 | 37.25% |
| 2025-12-12 | 37.25% |
| 2025-12-11 | 37.25% |
| 2025-12-10 | 37.25% |
| 2025-12-09 | 37.25% |
| 2025-12-08 | 37.25% |
| 2025-12-05 | 37.25% |
| 2025-12-04 | 37.25% |
| 2025-12-03 | 37.25% |
| 2025-12-02 | 37.25% |
| 2025-12-01 | 37.25% |
| 2025-11-28 | 37.25% |
| 2025-11-26 | 37.25% |
| 2025-11-25 | 37.26% |
| 2025-11-24 | 37.25% |
| 2025-11-21 | 37.25% |
| 2025-11-20 | 37.25% |
| 2025-11-19 | 37.25% |
| 2025-11-18 | 37.25% |
| 2025-11-17 | 37.26% |
| 2025-11-14 | 45.90% |
| 2025-11-13 | 35.92% |
| 2025-11-12 | 35.92% |
| 2025-11-11 | 35.92% |
| 2025-11-10 | 35.92% |
| 2025-11-07 | 35.92% |
| 2025-11-06 | 35.92% |
| 2025-11-05 | 35.92% |
| 2025-11-04 | 35.92% |
| 2025-11-03 | 35.92% |
| 2025-10-31 | 35.92% |
| 2025-10-30 | 35.92% |
| 2025-10-29 | 35.92% |
| 2025-10-28 | 35.92% |
| 2025-10-27 | 35.92% |
| 2025-10-24 | 35.92% |
| 2025-10-23 | 35.92% |
| 2025-10-22 | 35.92% |
| 2025-10-21 | 35.92% |
| 2025-10-20 | 35.92% |
| 2025-10-17 | 35.92% |
| 2025-10-16 | 35.92% |
| 2025-10-15 | 35.92% |
| 2025-10-14 | 35.92% |
| 2025-10-13 | 35.92% |
| 2025-10-10 | 35.92% |
| 2025-10-09 | 35.92% |
| 2025-10-08 | 36.73% |
| 2025-10-07 | 36.73% |
| 2025-10-06 | 36.73% |
| 2025-10-03 | 36.73% |
| 2025-10-02 | 36.73% |
| 2025-10-01 | 36.74% |
| 2025-09-30 | 36.73% |
| 2025-09-29 | 36.74% |
| 2025-09-26 | 36.73% |
| 2025-09-25 | 36.74% |
| 2025-09-24 | 36.73% |
| 2025-09-23 | 36.74% |
| 2025-09-22 | 36.74% |
| 2025-09-19 | 36.73% |
| 2025-09-18 | 36.73% |
| 2025-09-17 | 36.74% |
| 2025-09-16 | 36.73% |
| 2025-09-15 | 36.74% |
| 2025-09-12 | 36.74% |
| 2025-09-11 | 36.73% |
| 2025-09-10 | 36.74% |
| 2025-09-09 | 36.73% |
| 2025-09-08 | 36.73% |
| 2025-09-05 | 36.73% |
| 2025-09-04 | 36.73% |
| 2025-09-03 | 36.73% |
| 2025-09-02 | 36.73% |
| 2025-08-29 | 36.74% |
Showing the most recent 260 of 2,650 data points. The chart above shows the full history.
| $1.25 |
| 47.6% |
| 2020-05-31 | $2.09 | $0.64 | 30.5% |
| 2019-05-31 | $2.09 | $0.51 | 24.5% |
| 2018-05-31 | $1.98 | $0.41 | 20.5% |
| 2017-05-31 | $1.12 | $0.33 | 29.7% |
| 2016-05-31 | $1.58 | $0.26 | 16.6% |
| 2015-05-31 | $0.92 | $0.42 | 46.2% |
| 2014-05-31 | $0.77 | $0.19 | 25.0% |
| 2013-05-31 | $0.63 | $0.16 | 25.4% |
| 2012-05-31 | $0.57 | $0.14 | 23.7% |
| 2011-05-31 | $0.42 | $0.12 | 29.2% |
| 2010-05-31 | $0.35 | $0.12 | 34.3% |
| 2009-05-31 | $0.37 | $0.12 | 31.8% |
| 2008-05-31 | $0.54 | $0.12 | 21.3% |
| 2007-05-31 | $0.52 | $0.10 | 18.8% |
| 2006-05-31 | $0.48 | $0.09 | 18.2% |
| 2005-05-31 | $0.43 | $0.08 | 18.6% |
| 2004-05-31 | $0.39 | $0.07 | 18.6% |
| 2003-05-31 | $0.37 | $0.07 | 18.2% |
| 2002-05-31 | $0.35 | $0.06 | 17.9% |
| 2001-05-31 | $0.33 | $0.06 | 16.7% |
| 2000-05-31 | $0.29 | $0.05 | 16.1% |
| 1999-05-31 | $0.21 | $0.04 | 17.5% |
| 1998-05-31 | $0.21 | $0.03 | 14.3% |
| 1997-05-31 | $0.18 | $0.03 | 13.9% |
