Reported quarterly values; no daily interpolation.
-0.7pp over 10Y
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Annual Dividend History(ex-date basis)
Year
Dividend/Share
YoY Growth
2026(YTD)
$3.21
Not comparable
2025
$4.22
+1.93%
2024
$4.14
+1.97%
2023
$4.06
+2.01%
2022
$3.98
+2.05%
2021
$3.90
+2.09%
2020
$3.82
+2.00%
2019
$3.75
+3.03%
Dividend Yield Metrics
Current Yield
3.56%
Average Yield (TTM)
3.43%
Average Yield (3Y)
3.94%
Forward Yield on Cost (3Y)
3.78%
Forward Yield on Cost (5Y)
3.93%
Forward Yield on Cost (10Y)
4.34%
Payout Ratio Analysis
Payout Ratio (Current)
64.26%
FCF Payout Ratio
215.81%
Payout Ratio (3Y Avg)
71.38%
Payout Ratio (5Y Avg)
83.73%
FCF Payout (3Y Avg)
N/A
FCF Payout (5Y Avg)
N/A
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
64.3%
Dividends / net income
FCF Payout Ratio
215.8%
Dividends / free cash flow
Consecutive Years
21 years
Consecutive years of dividend increases
5Y Dividend Growth
2.0%
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.
