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 38.12% is 11% below its 5-year average of 43.03%, near the low end of its 5-year range (30.93%–65.65%).
As of Thursday, July 30, 2026. 3.24% above its 12-month average of 36.93%.
Dividend Payout Ratio (38.12%) = TTM Dividends/Share ($2.84) / TTM EPS ($7.45)
DIVIDEND PAYOUT RATIO
38.12%
DIVIDEND PAYOUT RATIO AVG TTM
36.93%
DIVIDEND PAYOUT RATIO AVG 3Y
37.93%
DIVIDEND PAYOUT RATIO AVG 5Y
43.03%
DIVIDEND PAYOUT RATIO AVG 10Y
39.63%
DIVIDEND PAYOUT RATIO AVG 15Y
39.19%
DIVIDEND PAYOUT RATIO AVG 20Y
39.15%
CURRENT VS TTM AVG
+3.24%
CURRENT VS 3Y AVG
+0.50%
CURRENT VS 5Y AVG
-11.42%
CURRENT VS 10Y AVG
-3.80%
CURRENT VS 15Y AVG
-2.73%
CURRENT VS 20Y AVG
-2.62%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $7.33 | $2.68 | 36.6% |
| 2024 | $7.43 | $2.36 | 31.8% |
| 2023 | $4.82 | $2.16 | 44.8% |
| 2022 | $3.83 | $2.06 | 53.8% |
| 2021 | $3.95 | $1.95 | 49.4% |
| 2020 | ($4.20) | $1.89 |
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 |
|---|---|
| 2026-07-29 | 38.12% |
| 2026-07-28 | 38.12% |
| 2026-07-27 | 38.43% |
| 2026-07-24 | 38.43% |
| 2026-07-23 | 38.43% |
| 2026-07-22 | 38.43% |
| 2026-07-21 | 38.43% |
| 2026-07-20 | 38.43% |
| 2026-07-17 | 38.43% |
| 2026-07-16 | 38.43% |
| 2026-07-15 | 38.43% |
| 2026-07-14 | 38.43% |
| 2026-07-13 | 38.43% |
| 2026-07-10 | 38.43% |
| 2026-07-09 | 38.43% |
| 2026-07-08 | 38.43% |
| 2026-07-07 | 38.43% |
| 2026-07-06 | 38.43% |
| 2026-07-02 | 38.43% |
| 2026-07-01 | 38.43% |
| 2026-06-30 | 38.43% |
| 2026-06-29 | 38.43% |
| 2026-06-26 | 38.43% |
| 2026-06-25 | 38.43% |
| 2026-06-24 | 38.43% |
| 2026-06-23 | 38.43% |
| 2026-06-22 | 38.43% |
| 2026-06-18 | 38.43% |
| 2026-06-17 | 38.43% |
| 2026-06-16 | 47.23% |
| 2026-06-15 | 37.34% |
| 2026-06-12 | 37.34% |
| 2026-06-11 | 37.34% |
| 2026-06-10 | 37.35% |
| 2026-06-09 | 37.34% |
| 2026-06-08 | 37.35% |
| 2026-06-05 | 37.35% |
| 2026-06-04 | 37.35% |
| 2026-06-03 | 37.35% |
| 2026-06-02 | 37.35% |
| 2026-06-01 | 37.34% |
| 2026-05-29 | 37.35% |
| 2026-05-28 | 37.35% |
| 2026-05-27 | 37.35% |
| 2026-05-26 | 37.35% |
| 2026-05-22 | 37.35% |
| 2026-05-21 | 37.34% |
| 2026-05-20 | 37.35% |
| 2026-05-19 | 37.35% |
| 2026-05-18 | 37.34% |
| 2026-05-15 | 37.35% |
| 2026-05-14 | 37.35% |
| 2026-05-13 | 37.35% |
| 2026-05-12 | 37.35% |
| 2026-05-11 | 37.35% |
| 2026-05-08 | 37.35% |
| 2026-05-07 | 37.35% |
| 2026-05-06 | 37.91% |
| 2026-05-05 | 37.91% |
| 2026-05-04 | 37.91% |
| 2026-05-01 | 37.92% |
| 2026-04-30 | 37.92% |
| 2026-04-29 | 37.91% |
| 2026-04-28 | 37.91% |
| 2026-04-27 | 37.92% |
| 2026-04-24 | 37.91% |
| 2026-04-23 | 37.92% |
| 2026-04-22 | 37.91% |
| 2026-04-21 | 37.91% |
| 2026-04-20 | 37.91% |
| 2026-04-17 | 37.91% |
| 2026-04-16 | 37.91% |
| 2026-04-15 | 37.91% |
| 2026-04-14 | 37.91% |
| 2026-04-13 | 37.91% |
| 2026-04-10 | 37.91% |
| 2026-04-09 | 37.91% |
| 2026-04-08 | 37.91% |
| 2026-04-07 | 37.91% |
| 2026-04-06 | 37.91% |
| 2026-04-02 | 37.91% |
| 2026-04-01 | 37.91% |
| 2026-03-31 | 37.91% |
| 2026-03-30 | 37.92% |
| 2026-03-27 | 37.91% |
| 2026-03-26 | 37.91% |
| 2026-03-25 | 37.91% |
| 2026-03-24 | 37.91% |
| 2026-03-23 | 37.91% |
| 2026-03-20 | 37.91% |
| 2026-03-19 | 37.92% |
| 2026-03-18 | 37.92% |
| 2026-03-17 | 46.84% |
| 2026-03-16 | 36.82% |
| 2026-03-13 | 36.81% |
| 2026-03-12 | 36.82% |
| 2026-03-11 | 36.81% |
| 2026-03-10 | 36.81% |
| 2026-03-09 | 36.82% |
| 2026-03-06 | 36.81% |
| 2026-03-05 | 36.82% |
| 2026-03-04 | 36.82% |
| 2026-03-03 | 36.82% |
| 2026-03-02 | 36.81% |
| 2026-02-27 | 36.82% |
| 2026-02-26 | 36.82% |
| 2026-02-25 | 36.81% |
| 2026-02-24 | 36.81% |
| 2026-02-23 | 36.82% |
| 2026-02-20 | 38.50% |
| 2026-02-19 | 38.51% |
| 2026-02-18 | 38.51% |
| 2026-02-17 | 38.51% |
| 2026-02-13 | 38.50% |
| 2026-02-12 | 38.50% |
| 2026-02-11 | 38.50% |
| 2026-02-10 | 38.51% |
| 2026-02-09 | 38.50% |
| 2026-02-06 | 38.50% |
| 2026-02-05 | 38.50% |
| 2026-02-04 | 38.50% |
| 2026-02-03 | 38.51% |
| 2026-02-02 | 38.50% |
| 2026-01-30 | 38.51% |
| 2026-01-29 | 38.51% |
| 2026-01-28 | 38.51% |
| 2026-01-27 | 38.51% |
| 2026-01-26 | 38.51% |
| 2026-01-23 | 38.50% |
| 2026-01-22 | 38.50% |
| 2026-01-21 | 38.51% |
| 2026-01-20 | 38.50% |
| 2026-01-16 | 38.51% |
| 2026-01-15 | 38.50% |
| 2026-01-14 | 38.50% |
| 2026-01-13 | 38.50% |
| 2026-01-12 | 38.51% |
| 2026-01-09 | 38.50% |
| 2026-01-08 | 38.50% |
| 2026-01-07 | 38.50% |
| 2026-01-06 | 38.50% |
| 2026-01-05 | 38.50% |
| 2026-01-02 | 38.51% |
| 2025-12-31 | 38.51% |
| 2025-12-30 | 38.51% |
| 2025-12-29 | 38.51% |
| 2025-12-26 | 38.50% |
| 2025-12-24 | 38.51% |
| 2025-12-23 | 38.51% |
| 2025-12-22 | 38.51% |
| 2025-12-19 | 38.50% |
| 2025-12-18 | 38.51% |
| 2025-12-17 | 38.51% |
| 2025-12-16 | 47.85% |
| 2025-12-15 | 37.36% |
| 2025-12-12 | 37.35% |
| 2025-12-11 | 37.36% |
| 2025-12-10 | 37.36% |
| 2025-12-09 | 37.35% |
| 2025-12-08 | 37.36% |
| 2025-12-05 | 37.35% |
| 2025-12-04 | 37.35% |
| 2025-12-03 | 37.36% |
| 2025-12-02 | 37.36% |
| 2025-12-01 | 37.35% |
| 2025-11-28 | 37.35% |
| 2025-11-26 | 37.36% |
| 2025-11-25 | 37.36% |
| 2025-11-24 | 37.36% |
| 2025-11-21 | 37.35% |
| 2025-11-20 | 37.36% |
| 2025-11-19 | 37.35% |
| 2025-11-18 | 37.35% |
| 2025-11-17 | 37.35% |
| 2025-11-14 | 37.35% |
| 2025-11-13 | 37.36% |
| 2025-11-12 | 37.36% |
| 2025-11-11 | 37.36% |
| 2025-11-10 | 37.36% |
| 2025-11-07 | 37.36% |
| 2025-11-06 | 37.36% |
| 2025-11-05 | 37.35% |
| 2025-11-04 | 37.35% |
| 2025-11-03 | 37.36% |
| 2025-10-31 | 37.36% |
| 2025-10-30 | 37.36% |
| 2025-10-29 | 34.72% |
| 2025-10-28 | 34.71% |
| 2025-10-27 | 34.71% |
| 2025-10-24 | 34.71% |
| 2025-10-23 | 34.71% |
| 2025-10-22 | 34.71% |
| 2025-10-21 | 34.71% |
| 2025-10-20 | 34.72% |
| 2025-10-17 | 34.71% |
| 2025-10-16 | 34.71% |
| 2025-10-15 | 34.71% |
| 2025-10-14 | 34.71% |
| 2025-10-13 | 34.72% |
| 2025-10-10 | 34.72% |
| 2025-10-09 | 34.72% |
| 2025-10-08 | 34.71% |
| 2025-10-07 | 34.71% |
| 2025-10-06 | 34.71% |
| 2025-10-03 | 34.71% |
| 2025-10-02 | 34.71% |
| 2025-10-01 | 34.71% |
| 2025-09-30 | 34.71% |
| 2025-09-29 | 34.72% |
| 2025-09-26 | 34.71% |
| 2025-09-25 | 34.71% |
| 2025-09-24 | 34.72% |
| 2025-09-23 | 34.71% |
| 2025-09-22 | 34.71% |
| 2025-09-19 | 34.71% |
| 2025-09-18 | 34.72% |
| 2025-09-17 | 34.71% |
| 2025-09-16 | 42.33% |
| 2025-09-15 | 33.65% |
| 2025-09-12 | 33.65% |
| 2025-09-11 | 33.65% |
| 2025-09-10 | 33.65% |
| 2025-09-09 | 33.65% |
| 2025-09-08 | 33.64% |
| 2025-09-05 | 33.64% |
| 2025-09-04 | 33.65% |
| 2025-09-03 | 33.65% |
| 2025-09-02 | 33.65% |
| 2025-08-29 | 33.65% |
| 2025-08-28 | 33.64% |
| 2025-08-27 | 33.64% |
| 2025-08-26 | 33.65% |
| 2025-08-25 | 33.64% |
| 2025-08-22 | 33.64% |
| 2025-08-21 | 33.64% |
| 2025-08-20 | 33.64% |
| 2025-08-19 | 33.64% |
| 2025-08-18 | 33.64% |
| 2025-08-15 | 33.64% |
| 2025-08-14 | 33.64% |
| 2025-08-13 | 33.65% |
| 2025-08-12 | 33.64% |
| 2025-08-11 | 33.65% |
| 2025-08-08 | 33.64% |
| 2025-08-07 | 33.65% |
| 2025-08-06 | 34.24% |
| 2025-08-05 | 34.24% |
| 2025-08-04 | 34.24% |
| 2025-08-01 | 34.24% |
| 2025-07-31 | 34.24% |
| 2025-07-30 | 34.24% |
| 2025-07-29 | 34.24% |
| 2025-07-28 | 34.24% |
| 2025-07-25 | 34.24% |
| 2025-07-24 | 34.24% |
| 2025-07-23 | 34.24% |
| 2025-07-22 | 34.24% |
| 2025-07-21 | 34.24% |
| 2025-07-18 | 34.23% |
| 2025-07-17 | 34.24% |
Showing the most recent 260 of 2,528 data points. The chart above shows the full history.
| N/A (Loss) |
| 2019 | $5.41 | $1.85 | 34.2% |
| 2018 | $4.95 | $1.69 | 34.1% |
| 2017 | $5.20 | $1.52 | 29.2% |
| 2016 | $4.20 | $1.42 | 33.8% |
| 2015 | $3.38 | $1.34 | 39.6% |
| 2014 | $4.01 | $1.16 | 28.8% |
| 2013 | $3.23 | $0.97 | 29.9% |
| 2012 | $2.41 | $0.83 | 34.4% |
| 2011 | $1.95 | $0.72 | 37.2% |
| 2010 | $2.27 | $0.64 | 28.2% |
| 2009 | $1.76 | $0.58 | 32.7% |
| 2008 | $1.83 | $0.53 | 29.0% |
| 2007 | $1.73 | $0.48 | 27.5% |
| 2006 | $1.46 | $0.42 | 28.4% |
| 2005 | $1.25 | $0.36 | 29.0% |
| 2004 | $1.10 | $0.33 | 29.8% |
| 2003 | $1.07 | $0.30 | 27.8% |
| 2002 | $0.76 | $0.28 | 36.2% |
| 2001 | $0.74 | $0.26 | 35.5% |
| 2000 | $0.81 | $0.24 | 30.2% |
| 1999 | $0.68 | $0.22 | 32.0% |
| 1998 | $0.75 | $0.20 | 26.0% |
| 1997 | $0.52 | $0.17 | 32.2% |
| 1996 | $0.44 | $0.15 | 33.0% |
