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 79.79% is 13% above its 5-year average of 70.43%, near the low end of its 5-year range (48.98%–158.27%).
As of Friday, September 11, 2026. 9.30% above its 12-month average of 73.00%.
Dividend Payout Ratio (79.79%) = TTM Dividends/Share ($3.08) / TTM EPS ($3.86)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
79.79%
DIVIDEND PAYOUT RATIO AVG TTM
73.00%
DIVIDEND PAYOUT RATIO AVG 3Y
91.00%
DIVIDEND PAYOUT RATIO AVG 5Y
70.43%
DIVIDEND PAYOUT RATIO AVG 10Y
67.57%
DIVIDEND PAYOUT RATIO AVG 15Y
64.85%
DIVIDEND PAYOUT RATIO AVG 20Y
61.87%
CURRENT VS TTM AVG
+9.30%
CURRENT VS 3Y AVG
-12.32%
CURRENT VS 5Y AVG
+13.28%
CURRENT VS 10Y AVG
+18.08%
CURRENT VS 15Y AVG
+23.04%
CURRENT VS 20Y AVG
+28.95%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $4.56 | $3.01 | 66.0% |
| 2024-12-31 | $2.27 | $2.86 | 126.0% |
| 2023-12-31 | ($1.27) | $2.70 | N/A (Loss) |
| 2022-12-31 | $4.05 | $2.55 | 62.9% |
| 2021-12-31 | $3.55 | $2.41 | 67.9% |
| 2020-12-31 | $3.56 |
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 | 79.79% |
| 2026-09-10 | 79.78% |
| 2026-09-09 | 79.80% |
| 2026-09-08 | 79.79% |
| 2026-09-04 | 79.81% |
| 2026-09-03 | 79.81% |
| 2026-09-02 | 79.80% |
| 2026-09-01 | 79.77% |
| 2026-08-31 | 79.79% |
| 2026-08-28 | 79.78% |
| 2026-08-27 | 79.78% |
| 2026-08-26 | 79.80% |
| 2026-08-25 | 79.79% |
| 2026-08-24 | 79.80% |
| 2026-08-21 | 79.80% |
| 2026-08-20 | 79.79% |
| 2026-08-19 | 79.79% |
| 2026-08-18 | 79.79% |
| 2026-08-17 | 79.79% |
| 2026-08-14 | 79.81% |
| 2026-08-13 | 79.79% |
| 2026-08-12 | 79.81% |
| 2026-08-11 | 79.80% |
| 2026-08-10 | 79.80% |
| 2026-08-07 | 79.80% |
| 2026-08-06 | 79.80% |
| 2026-08-05 | 79.77% |
| 2026-08-04 | 79.77% |
| 2026-08-03 | 65.80% |
| 2026-07-31 | 65.82% |
| 2026-07-30 | 65.82% |
| 2026-07-29 | 65.79% |
| 2026-07-28 | 65.82% |
| 2026-07-27 | 65.81% |
| 2026-07-24 | 65.83% |
| 2026-07-23 | 65.79% |
| 2026-07-22 | 65.81% |
| 2026-07-21 | 65.82% |
| 2026-07-20 | 65.80% |
| 2026-07-17 | 65.79% |
| 2026-07-16 | 65.79% |
| 2026-07-15 | 65.82% |
| 2026-07-14 | 65.82% |
| 2026-07-13 | 65.83% |
| 2026-07-10 | 65.82% |
| 2026-07-09 | 65.82% |
| 2026-07-08 | 65.82% |
| 2026-07-07 | 65.80% |
| 2026-07-06 | 65.82% |
| 2026-07-02 | 65.83% |
| 2026-07-01 | 65.82% |
| 2026-06-30 | 65.80% |
| 2026-06-29 | 65.80% |
| 2026-06-26 | 65.81% |
| 2026-06-25 | 65.80% |
| 2026-06-24 | 65.80% |
| 2026-06-23 | 65.82% |
| 2026-06-22 | 65.80% |
| 2026-06-18 | 65.81% |
| 2026-06-17 | 65.79% |
| 2026-06-16 | 65.80% |
| 2026-06-15 | 65.82% |
| 2026-06-12 | 65.82% |
| 2026-06-11 | 65.80% |
| 2026-06-10 | 65.80% |
| 2026-06-09 | 65.81% |
| 2026-06-08 | 65.82% |
| 2026-06-05 | 65.83% |
| 2026-06-04 | 65.80% |
| 2026-06-03 | 65.82% |
| 2026-06-02 | 65.82% |
| 2026-06-01 | 65.80% |
| 2026-05-29 | 65.82% |
| 2026-05-28 | 65.80% |
| 2026-05-27 | 65.83% |
| 2026-05-26 | 65.80% |
| 2026-05-22 | 65.82% |
| 2026-05-21 | 65.82% |
| 2026-05-20 | 65.79% |
| 2026-05-19 | 65.80% |
| 2026-05-18 | 65.83% |
| 2026-05-15 | 48.98% |
| 2026-05-14 | 65.05% |
| 2026-05-13 | 65.05% |
| 2026-05-12 | 65.08% |
| 2026-05-11 | 65.08% |
| 2026-05-08 | 65.06% |
| 2026-05-07 | 66.63% |
| 2026-05-06 | 66.61% |
| 2026-05-05 | 66.65% |
| 2026-05-04 | 66.61% |
| 2026-05-01 | 66.62% |
| 2026-04-30 | 66.63% |
| 2026-04-29 | 66.64% |
| 2026-04-28 | 66.65% |
| 2026-04-27 | 66.64% |
| 2026-04-24 | 66.63% |
| 2026-04-23 | 66.64% |
| 2026-04-22 | 66.62% |
| 2026-04-21 | 66.62% |
| 2026-04-20 | 66.62% |
| 2026-04-17 | 66.62% |
| 2026-04-16 | 66.64% |
| 2026-04-15 | 66.64% |
| 2026-04-14 | 66.63% |
| 2026-04-13 | 66.64% |
| 2026-04-10 | 66.63% |
| 2026-04-09 | 66.62% |
| 2026-04-08 | 66.65% |
| 2026-04-07 | 66.65% |
| 2026-04-06 | 66.61% |
| 2026-04-02 | 66.62% |
| 2026-04-01 | 66.63% |
| 2026-03-31 | 66.63% |
| 2026-03-30 | 66.63% |
| 2026-03-27 | 66.63% |
| 2026-03-26 | 66.63% |
| 2026-03-25 | 66.63% |
| 2026-03-24 | 66.61% |
| 2026-03-23 | 66.62% |
| 2026-03-20 | 66.64% |
| 2026-03-19 | 66.61% |
| 2026-03-18 | 66.64% |
| 2026-03-17 | 66.63% |
| 2026-03-16 | 66.64% |
| 2026-03-13 | 66.65% |
| 2026-03-12 | 66.63% |
| 2026-03-11 | 66.63% |
| 2026-03-10 | 66.64% |
| 2026-03-09 | 66.63% |
| 2026-03-06 | 66.63% |
| 2026-03-05 | 66.61% |
| 2026-03-04 | 49.39% |
| 2026-03-03 | 65.86% |
| 2026-03-02 | 65.85% |
| 2026-02-27 | 65.88% |
| 2026-02-26 | 65.86% |
| 2026-02-25 | 65.86% |
| 2026-02-24 | 65.87% |
| 2026-02-23 | 65.85% |
| 2026-02-20 | 65.88% |
| 2026-02-19 | 65.86% |
| 2026-02-18 | 65.85% |
| 2026-02-17 | 82.47% |
| 2026-02-13 | 82.47% |
| 2026-02-12 | 82.48% |
| 2026-02-11 | 82.47% |
| 2026-02-10 | 82.48% |
| 2026-02-09 | 82.47% |
| 2026-02-06 | 82.44% |
| 2026-02-05 | 82.48% |
| 2026-02-04 | 82.48% |
| 2026-02-03 | 82.47% |
| 2026-02-02 | 82.49% |
| 2026-01-30 | 82.47% |
| 2026-01-29 | 82.46% |
| 2026-01-28 | 82.46% |
| 2026-01-27 | 82.46% |
| 2026-01-26 | 82.47% |
| 2026-01-23 | 82.45% |
| 2026-01-22 | 82.46% |
| 2026-01-21 | 82.48% |
| 2026-01-20 | 82.45% |
| 2026-01-16 | 82.47% |
| 2026-01-15 | 82.45% |
| 2026-01-14 | 82.45% |
| 2026-01-13 | 82.47% |
| 2026-01-12 | 82.48% |
| 2026-01-09 | 82.45% |
| 2026-01-08 | 82.48% |
| 2026-01-07 | 82.47% |
| 2026-01-06 | 82.47% |
| 2026-01-05 | 82.47% |
| 2026-01-02 | 82.48% |
| 2025-12-31 | 82.48% |
| 2025-12-30 | 82.48% |
| 2025-12-29 | 82.46% |
| 2025-12-26 | 82.46% |
| 2025-12-24 | 82.47% |
| 2025-12-23 | 82.45% |
| 2025-12-22 | 82.45% |
| 2025-12-19 | 82.47% |
| 2025-12-18 | 82.45% |
| 2025-12-17 | 102.04% |
| 2025-12-16 | 81.44% |
| 2025-12-15 | 81.43% |
| 2025-12-12 | 81.44% |
| 2025-12-11 | 81.42% |
| 2025-12-10 | 81.44% |
| 2025-12-09 | 81.42% |
| 2025-12-08 | 81.42% |
| 2025-12-05 | 81.42% |
| 2025-12-04 | 81.43% |
| 2025-12-03 | 81.42% |
| 2025-12-02 | 81.45% |
| 2025-12-01 | 81.43% |
| 2025-11-28 | 81.46% |
| 2025-11-26 | 81.42% |
| 2025-11-25 | 81.46% |
| 2025-11-24 | 81.42% |
| 2025-11-21 | 81.42% |
| 2025-11-20 | 81.43% |
| 2025-11-19 | 81.44% |
| 2025-11-18 | 81.43% |
| 2025-11-17 | 81.43% |
| 2025-11-14 | 81.43% |
| 2025-11-13 | 81.44% |
| 2025-11-12 | 81.45% |
| 2025-11-11 | 81.44% |
| 2025-11-10 | 81.46% |
| 2025-11-07 | 81.43% |
| 2025-11-06 | 127.56% |
| 2025-11-05 | 127.57% |
| 2025-11-04 | 127.57% |
| 2025-11-03 | 127.56% |
| 2025-10-31 | 127.58% |
| 2025-10-30 | 127.56% |
| 2025-10-29 | 127.58% |
| 2025-10-28 | 127.59% |
| 2025-10-27 | 127.56% |
| 2025-10-24 | 127.59% |
| 2025-10-23 | 127.57% |
| 2025-10-22 | 127.57% |
| 2025-10-21 | 127.57% |
| 2025-10-20 | 127.59% |
| 2025-10-17 | 127.57% |
| 2025-10-16 | 127.59% |
| 2025-10-15 | 127.56% |
| 2025-10-14 | 127.59% |
| 2025-10-13 | 127.58% |
| 2025-10-10 | 127.57% |
| 2025-10-09 | 127.58% |
| 2025-10-08 | 127.57% |
| 2025-10-07 | 127.57% |
| 2025-10-06 | 127.57% |
| 2025-10-03 | 127.58% |
| 2025-10-02 | 127.57% |
| 2025-10-01 | 127.58% |
| 2025-09-30 | 127.57% |
| 2025-09-29 | 127.57% |
| 2025-09-26 | 127.56% |
| 2025-09-25 | 127.58% |
| 2025-09-24 | 127.59% |
| 2025-09-23 | 127.56% |
| 2025-09-22 | 158.27% |
| 2025-09-19 | 125.99% |
| 2025-09-18 | 125.98% |
| 2025-09-17 | 125.98% |
| 2025-09-16 | 125.97% |
| 2025-09-15 | 125.96% |
| 2025-09-12 | 125.98% |
| 2025-09-11 | 125.97% |
| 2025-09-10 | 125.96% |
| 2025-09-09 | 125.98% |
| 2025-09-08 | 125.97% |
| 2025-09-05 | 125.98% |
| 2025-09-04 | 125.97% |
| 2025-09-03 | 125.98% |
| 2025-09-02 | 125.97% |
| 2025-08-29 | 125.98% |
Showing the most recent 260 of 2,507 data points. The chart above shows the full history.
| $2.27 |
| 63.7% |
| 2019-12-31 | $2.83 | $2.14 | 75.6% |
| 2018-12-31 | $3.25 | $2.02 | 62.2% |
| 2017-12-31 | $3.11 | $1.90 | 61.1% |
| 2016-12-31 | $2.97 | $1.78 | 59.9% |
| 2015-12-31 | $2.77 | $1.67 | 60.3% |
| 2014-12-31 | $2.59 | $1.57 | 60.6% |
| 2013-12-31 | $2.49 | $1.47 | 59.0% |
| 2012-12-31 | $1.90 | $1.32 | 69.6% |
| 2011-12-31 | $2.22 | $1.10 | 49.5% |
| 2010-12-31 | $2.20 | $1.02 | 46.6% |
| 2009-12-31 | $1.94 | $0.95 | 49.0% |
| 2008-12-31 | $1.68 | $0.83 | 49.1% |
| 2007-12-31 | $1.59 | $0.77 | 48.7% |
| 2006-12-31 | $3.10 | $0.72 | 23.4% |
| 2005-12-31 | ($1.88) | $0.68 | N/A (Loss) |
| 2004-12-31 | $0.95 | $0.63 | 65.8% |
| 2003-12-31 | $0.96 | $0.58 | 59.9% |
| 2002-12-31 | $1.22 | $0.53 | 43.0% |
| 2001-12-31 | $1.85 | $0.45 | 24.3% |
| 2000-12-31 | ($0.10) | $0.40 | N/A (Loss) |
| 1999-12-31 | $0.43 | $0.10 | 23.3% |
| 1998-12-31 | ($0.92) | $0.00 | N/A (Loss) |
| 1997-12-31 | ($0.82) | $0.25 | N/A (Loss) |
| 1996-12-31 | $0.28 | $1.38 | 492.9% |
