Reported quarterly values; no daily interpolation.
-2.3pp over 10Y
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Annual Dividend History(ex-date basis)
Year
Dividend/Share
YoY Growth
2026(YTD)
$1.67
Not comparable
2025
$2.14
+1.66%
2024
$2.10
+0.84%
2023
$2.08
+0.97%
2022
$2.06
+1.72%
2021
$2.03
+1.25%
2020
$2.00
+1.78%
2019
$1.97
+1.29%
Dividend Yield Metrics
Current Yield
1.45%
Average Yield (TTM)
1.52%
Average Yield (3Y)
1.97%
Forward Yield on Cost (3Y)
1.51%
Forward Yield on Cost (5Y)
1.55%
Forward Yield on Cost (10Y)
1.65%
Payout Ratio Analysis
Payout Ratio (Current)
48.58%
FCF Payout Ratio
36.11%
Payout Ratio (3Y Avg)
56.40%
Payout Ratio (5Y Avg)
53.30%
FCF Payout (3Y Avg)
174.43%
FCF Payout (5Y Avg)
123.01%
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
48.6%
Dividends / net income
FCF Payout Ratio
36.1%
Dividends / free cash flow
Consecutive Years
67 years
Consecutive years of dividend increases
5Y Dividend Growth
1.3%
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.
