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 41.84% is 11% below its 5-year average of 47.12%, near the low end of its 5-year range (30.38%–83.71%).
As of Sunday, July 26, 2026. 1.68% above its 12-month average of 41.15%.
Dividend Payout Ratio (41.84%) = TTM Dividends/Share ($4.28) / TTM EPS ($10.23)
DIVIDEND PAYOUT RATIO
41.84%
DIVIDEND PAYOUT RATIO AVG TTM
41.15%
DIVIDEND PAYOUT RATIO AVG 3Y
41.06%
DIVIDEND PAYOUT RATIO AVG 5Y
46.93%
DIVIDEND PAYOUT RATIO AVG 10Y
48.78%
DIVIDEND PAYOUT RATIO AVG 15Y
47.35%
DIVIDEND PAYOUT RATIO AVG 20Y
44.94%
CURRENT VS TTM AVG
+1.68%
CURRENT VS 3Y AVG
+1.91%
CURRENT VS 5Y AVG
-10.85%
CURRENT VS 10Y AVG
-14.24%
CURRENT VS 15Y AVG
-11.63%
CURRENT VS 20Y AVG
-6.89%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $10.49 | $4.16 | 39.7% |
| 2024 | $9.54 | $3.76 | 39.4% |
| 2023 | $8.06 | $3.44 | 42.7% |
| 2022 | $6.18 | $3.24 | 52.4% |
| 2021 | $5.38 | $3.04 | 56.5% |
| 2020 | $3.51 | $2.92 |
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 |
|---|---|
| 2026-07-24 | 41.84% |
| 2026-07-23 | 41.84% |
| 2026-07-22 | 41.84% |
| 2026-07-21 | 41.84% |
| 2026-07-20 | 41.84% |
| 2026-07-17 | 41.84% |
| 2026-07-16 | 41.84% |
| 2026-07-15 | 41.84% |
| 2026-07-14 | 41.84% |
| 2026-07-13 | 41.84% |
| 2026-07-10 | 41.84% |
| 2026-07-09 | 41.84% |
| 2026-07-08 | 41.84% |
| 2026-07-07 | 41.84% |
| 2026-07-06 | 41.84% |
| 2026-07-02 | 41.84% |
| 2026-07-01 | 41.83% |
| 2026-06-30 | 41.83% |
| 2026-06-29 | 41.84% |
| 2026-06-26 | 41.83% |
| 2026-06-25 | 41.83% |
| 2026-06-24 | 41.84% |
| 2026-06-23 | 41.84% |
| 2026-06-22 | 41.84% |
| 2026-06-18 | 41.84% |
| 2026-06-17 | 41.83% |
| 2026-06-16 | 41.83% |
| 2026-06-15 | 41.84% |
| 2026-06-12 | 41.84% |
| 2026-06-11 | 41.84% |
| 2026-06-10 | 41.84% |
| 2026-06-09 | 41.84% |
| 2026-06-08 | 41.84% |
| 2026-06-05 | 41.83% |
| 2026-06-04 | 41.84% |
| 2026-06-03 | 41.83% |
| 2026-06-02 | 41.83% |
| 2026-06-01 | 41.84% |
| 2026-05-29 | 41.84% |
| 2026-05-28 | 41.84% |
| 2026-05-27 | 41.83% |
| 2026-05-26 | 41.84% |
| 2026-05-22 | 41.84% |
| 2026-05-21 | 41.83% |
| 2026-05-20 | 41.84% |
| 2026-05-19 | 41.84% |
| 2026-05-18 | 41.84% |
| 2026-05-15 | 41.84% |
| 2026-05-14 | 41.84% |
| 2026-05-13 | 41.84% |
| 2026-05-12 | 41.84% |
| 2026-05-11 | 41.84% |
| 2026-05-08 | 41.84% |
| 2026-05-07 | 31.09% |
| 2026-05-06 | 31.08% |
| 2026-05-05 | 31.08% |
| 2026-05-04 | 40.35% |
| 2026-05-01 | 40.34% |
| 2026-04-30 | 40.35% |
| 2026-04-29 | 40.34% |
| 2026-04-28 | 40.34% |
| 2026-04-27 | 40.34% |
| 2026-04-24 | 40.35% |
| 2026-04-23 | 40.34% |
| 2026-04-22 | 40.35% |
| 2026-04-21 | 40.35% |
| 2026-04-20 | 40.34% |
| 2026-04-17 | 40.34% |
| 2026-04-16 | 40.35% |
| 2026-04-15 | 40.35% |
| 2026-04-14 | 40.34% |
| 2026-04-13 | 40.34% |
| 2026-04-10 | 40.35% |
| 2026-04-09 | 40.34% |
| 2026-04-08 | 40.34% |
| 2026-04-07 | 40.34% |
| 2026-04-06 | 40.35% |
| 2026-04-02 | 40.34% |
| 2026-04-01 | 40.35% |
| 2026-03-31 | 40.34% |
| 2026-03-30 | 40.34% |
| 2026-03-27 | 40.34% |
| 2026-03-26 | 40.34% |
| 2026-03-25 | 40.34% |
| 2026-03-24 | 40.34% |
| 2026-03-23 | 40.34% |
| 2026-03-20 | 40.34% |
| 2026-03-19 | 40.35% |
| 2026-03-18 | 40.35% |
| 2026-03-17 | 40.34% |
| 2026-03-16 | 40.35% |
| 2026-03-13 | 40.35% |
| 2026-03-12 | 40.34% |
| 2026-03-11 | 40.34% |
| 2026-03-10 | 40.35% |
| 2026-03-09 | 39.77% |
| 2026-03-06 | 39.78% |
| 2026-03-05 | 39.77% |
| 2026-03-04 | 39.77% |
| 2026-03-03 | 39.77% |
| 2026-03-02 | 39.77% |
| 2026-02-27 | 39.77% |
| 2026-02-26 | 39.77% |
| 2026-02-25 | 41.60% |
| 2026-02-24 | 41.60% |
| 2026-02-23 | 41.61% |
| 2026-02-20 | 41.60% |
| 2026-02-19 | 41.60% |
| 2026-02-18 | 41.60% |
| 2026-02-17 | 41.60% |
| 2026-02-13 | 41.59% |
| 2026-02-12 | 41.60% |
| 2026-02-11 | 41.60% |
| 2026-02-10 | 41.60% |
| 2026-02-09 | 41.60% |
| 2026-02-06 | 41.60% |
| 2026-02-05 | 41.60% |
| 2026-02-04 | 41.60% |
| 2026-02-03 | 41.60% |
| 2026-02-02 | 41.60% |
| 2026-01-30 | 41.60% |
| 2026-01-29 | 41.60% |
| 2026-01-28 | 41.60% |
| 2026-01-27 | 41.60% |
| 2026-01-26 | 41.60% |
| 2026-01-23 | 41.60% |
| 2026-01-22 | 41.60% |
| 2026-01-21 | 41.60% |
| 2026-01-20 | 41.60% |
| 2026-01-16 | 41.61% |
| 2026-01-15 | 41.60% |
| 2026-01-14 | 41.59% |
| 2026-01-13 | 41.60% |
| 2026-01-12 | 41.60% |
| 2026-01-09 | 41.60% |
| 2026-01-08 | 41.60% |
| 2026-01-07 | 41.60% |
| 2026-01-06 | 41.60% |
| 2026-01-05 | 41.61% |
| 2026-01-02 | 41.60% |
| 2025-12-31 | 41.60% |
| 2025-12-30 | 41.61% |
| 2025-12-29 | 41.59% |
| 2025-12-26 | 41.60% |
| 2025-12-24 | 41.60% |
| 2025-12-23 | 41.60% |
| 2025-12-22 | 41.60% |
| 2025-12-19 | 41.60% |
| 2025-12-18 | 41.61% |
| 2025-12-17 | 41.60% |
| 2025-12-16 | 41.60% |
| 2025-12-15 | 41.60% |
| 2025-12-12 | 41.60% |
| 2025-12-11 | 41.60% |
| 2025-12-10 | 41.61% |
| 2025-12-09 | 41.60% |
| 2025-12-08 | 41.60% |
| 2025-12-05 | 41.60% |
| 2025-12-04 | 41.60% |
| 2025-12-03 | 41.60% |
| 2025-12-02 | 41.60% |
| 2025-12-01 | 41.60% |
| 2025-11-28 | 41.60% |
| 2025-11-26 | 41.60% |
| 2025-11-25 | 41.61% |
| 2025-11-24 | 41.60% |
| 2025-11-21 | 41.60% |
| 2025-11-20 | 41.60% |
| 2025-11-19 | 41.61% |
| 2025-11-18 | 41.60% |
| 2025-11-17 | 41.61% |
| 2025-11-14 | 41.60% |
| 2025-11-13 | 41.60% |
| 2025-11-12 | 41.60% |
| 2025-11-11 | 41.60% |
| 2025-11-10 | 41.60% |
| 2025-11-07 | 41.60% |
| 2025-11-06 | 41.60% |
| 2025-11-05 | 31.20% |
| 2025-11-04 | 31.20% |
| 2025-11-03 | 40.84% |
| 2025-10-31 | 40.85% |
| 2025-10-30 | 40.84% |
| 2025-10-29 | 40.85% |
| 2025-10-28 | 40.85% |
| 2025-10-27 | 40.84% |
| 2025-10-24 | 40.85% |
| 2025-10-23 | 40.84% |
| 2025-10-22 | 40.85% |
| 2025-10-21 | 40.84% |
| 2025-10-20 | 40.85% |
| 2025-10-17 | 40.85% |
| 2025-10-16 | 40.85% |
| 2025-10-15 | 40.84% |
| 2025-10-14 | 40.84% |
| 2025-10-13 | 40.84% |
| 2025-10-10 | 40.84% |
| 2025-10-09 | 40.85% |
| 2025-10-08 | 40.85% |
| 2025-10-07 | 40.85% |
| 2025-10-06 | 40.84% |
| 2025-10-03 | 40.84% |
| 2025-10-02 | 40.84% |
| 2025-10-01 | 40.85% |
| 2025-09-30 | 40.84% |
| 2025-09-29 | 40.85% |
| 2025-09-26 | 40.85% |
| 2025-09-25 | 40.84% |
| 2025-09-24 | 40.85% |
| 2025-09-23 | 40.84% |
| 2025-09-22 | 40.85% |
| 2025-09-19 | 40.85% |
| 2025-09-18 | 40.84% |
| 2025-09-17 | 40.84% |
| 2025-09-16 | 40.84% |
| 2025-09-15 | 40.84% |
| 2025-09-12 | 40.84% |
| 2025-09-11 | 40.85% |
| 2025-09-10 | 40.84% |
| 2025-09-09 | 40.84% |
| 2025-09-08 | 40.85% |
| 2025-09-05 | 40.84% |
| 2025-09-04 | 40.84% |
| 2025-09-03 | 40.85% |
| 2025-09-02 | 40.84% |
| 2025-08-29 | 40.84% |
| 2025-08-28 | 40.85% |
| 2025-08-27 | 40.84% |
| 2025-08-26 | 40.84% |
| 2025-08-25 | 40.84% |
| 2025-08-22 | 40.84% |
| 2025-08-21 | 40.85% |
| 2025-08-20 | 40.84% |
| 2025-08-19 | 40.84% |
| 2025-08-18 | 40.84% |
| 2025-08-15 | 40.84% |
| 2025-08-14 | 40.84% |
| 2025-08-13 | 40.84% |
| 2025-08-12 | 40.85% |
| 2025-08-11 | 40.85% |
| 2025-08-08 | 40.84% |
| 2025-08-07 | 40.84% |
| 2025-08-06 | 30.38% |
| 2025-08-05 | 30.38% |
| 2025-08-04 | 39.96% |
| 2025-08-01 | 39.96% |
| 2025-07-31 | 39.96% |
| 2025-07-30 | 39.96% |
| 2025-07-29 | 39.96% |
| 2025-07-28 | 39.96% |
| 2025-07-25 | 39.96% |
| 2025-07-24 | 39.96% |
| 2025-07-23 | 39.96% |
| 2025-07-22 | 39.96% |
| 2025-07-21 | 39.96% |
| 2025-07-18 | 39.96% |
| 2025-07-17 | 39.96% |
| 2025-07-16 | 39.96% |
| 2025-07-15 | 39.96% |
| 2025-07-14 | 39.96% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 83.2% |
| 2019 | $5.28 | $2.84 | 53.8% |
| 2018 | $4.94 | $2.64 | 53.4% |
| 2017 | $6.71 | $2.40 | 35.8% |
| 2016 | $4.21 | $2.28 | 54.2% |
| 2015 | $4.23 | $2.20 | 52.0% |
| 2014 | $3.78 | $1.96 | 51.9% |
| 2013 | $3.93 | $1.68 | 42.7% |
| 2012 | $3.54 | $1.52 | 42.9% |
| 2011 | $3.98 | $1.36 | 34.2% |
| 2010 | $2.76 | $1.08 | 39.1% |
| 2009 | $1.16 | $1.00 | 86.2% |
| 2008 | $3.30 | $1.00 | 30.3% |
| 2007 | $3.38 | $0.86 | 25.4% |
| 2006 | $3.16 | $0.74 | 23.4% |
| 2005 | $2.68 | $0.62 | 23.1% |
| 2004 | $2.12 | $0.54 | 25.5% |
| 2003 | $1.31 | $0.46 | 35.1% |
| 2002 | $1.00 | $0.44 | 44.0% |
| 2001 | $0.61 | $0.44 | 72.1% |
| 2000 | $1.58 | $0.38 | 24.2% |
| 1999 | $2.13 | $0.38 | 17.9% |
| 1998 | $1.22 | $0.38 | 31.3% |
| 1997 | $1.34 | $0.37 | 27.8% |
| 1996 | $1.13 | $0.35 | 30.7% |
