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 37.39% is in line with its 5-year average of 37.51%, around the middle of its 5-year range (18.58%–56.89%).
As of Monday, October 5, 2026. 13.12% below its 12-month average of 43.03%.
Dividend Payout Ratio (37.39%) = TTM Dividends/Share ($1.11) / TTM EPS ($2.97)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
37.39%
DIVIDEND PAYOUT RATIO AVG TTM
43.03%
DIVIDEND PAYOUT RATIO AVG 3Y
43.38%
DIVIDEND PAYOUT RATIO AVG 5Y
37.51%
DIVIDEND PAYOUT RATIO AVG 10Y
42.23%
DIVIDEND PAYOUT RATIO AVG 15Y
37.74%
DIVIDEND PAYOUT RATIO AVG 20Y
36.02%
CURRENT VS TTM AVG
-13.12%
CURRENT VS 3Y AVG
-13.81%
CURRENT VS 5Y AVG
-0.34%
CURRENT VS 10Y AVG
-11.46%
CURRENT VS 15Y AVG
-0.92%
CURRENT VS 20Y AVG
+3.81%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $2.55 | $1.08 | 42.4% |
| 2024-12-31 | $2.07 | $1.00 | 48.3% |
| 2023-12-31 | $2.63 | $1.00 | 38.0% |
| 2022-12-31 | $3.33 | $0.94 | 28.2% |
| 2021-12-31 | $3.22 | $0.54 | 16.8% |
| 2020-12-31 | $1.38 |
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 |
|---|---|
| 2026-10-05 | 37.39% |
| 2026-10-02 | 37.36% |
| 2026-10-01 | 37.38% |
| 2026-09-30 | 37.36% |
| 2026-09-29 | 37.37% |
| 2026-09-28 | 37.37% |
| 2026-09-25 | 37.38% |
| 2026-09-24 | 37.38% |
| 2026-09-23 | 37.36% |
| 2026-09-22 | 37.38% |
| 2026-09-21 | 37.38% |
| 2026-09-18 | 37.37% |
| 2026-09-17 | 37.37% |
| 2026-09-16 | 37.37% |
| 2026-09-15 | 37.38% |
| 2026-09-14 | 37.37% |
| 2026-09-11 | 37.38% |
| 2026-09-10 | 37.38% |
| 2026-09-09 | 37.36% |
| 2026-09-08 | 37.37% |
| 2026-09-04 | 37.36% |
| 2026-09-03 | 37.37% |
| 2026-09-02 | 37.37% |
| 2026-09-01 | 37.37% |
| 2026-08-31 | 37.38% |
| 2026-08-28 | 37.36% |
| 2026-08-27 | 37.38% |
| 2026-08-26 | 37.36% |
| 2026-08-25 | 37.36% |
| 2026-08-24 | 37.37% |
| 2026-08-21 | 37.36% |
| 2026-08-20 | 37.38% |
| 2026-08-19 | 37.38% |
| 2026-08-18 | 37.36% |
| 2026-08-17 | 37.37% |
| 2026-08-14 | 37.36% |
| 2026-08-13 | 37.38% |
| 2026-08-12 | 37.38% |
| 2026-08-11 | 37.36% |
| 2026-08-10 | 37.39% |
| 2026-08-07 | 41.43% |
| 2026-08-06 | 41.43% |
| 2026-08-05 | 41.42% |
| 2026-08-04 | 41.42% |
| 2026-08-03 | 51.48% |
| 2026-07-31 | 41.06% |
| 2026-07-30 | 41.03% |
| 2026-07-29 | 41.04% |
| 2026-07-28 | 41.03% |
| 2026-07-27 | 41.06% |
| 2026-07-24 | 41.03% |
| 2026-07-23 | 41.04% |
| 2026-07-22 | 41.06% |
| 2026-07-21 | 41.06% |
| 2026-07-20 | 41.04% |
| 2026-07-17 | 41.06% |
| 2026-07-16 | 41.05% |
| 2026-07-15 | 41.03% |
| 2026-07-14 | 41.06% |
| 2026-07-13 | 41.03% |
| 2026-07-10 | 41.05% |
| 2026-07-09 | 41.05% |
| 2026-07-08 | 41.04% |
| 2026-07-07 | 41.03% |
| 2026-07-06 | 41.05% |
| 2026-07-02 | 41.03% |
| 2026-07-01 | 41.04% |
| 2026-06-30 | 41.05% |
| 2026-06-29 | 41.03% |
| 2026-06-26 | 41.04% |
| 2026-06-25 | 41.06% |
| 2026-06-24 | 41.04% |
| 2026-06-23 | 41.06% |
| 2026-06-22 | 41.05% |
| 2026-06-18 | 41.06% |
| 2026-06-17 | 41.04% |
| 2026-06-16 | 41.03% |
| 2026-06-15 | 41.03% |
| 2026-06-12 | 41.06% |
| 2026-06-11 | 41.05% |
| 2026-06-10 | 41.06% |
| 2026-06-09 | 41.04% |
| 2026-06-08 | 41.06% |
| 2026-06-05 | 41.03% |
| 2026-06-04 | 41.06% |
| 2026-06-03 | 41.06% |
| 2026-06-02 | 41.04% |
| 2026-06-01 | 41.05% |
| 2026-05-29 | 41.05% |
| 2026-05-28 | 41.05% |
| 2026-05-27 | 41.05% |
| 2026-05-26 | 41.06% |
| 2026-05-22 | 41.05% |
| 2026-05-21 | 41.03% |
| 2026-05-20 | 41.03% |
| 2026-05-19 | 41.06% |
| 2026-05-18 | 41.04% |
| 2026-05-15 | 41.03% |
| 2026-05-14 | 41.03% |
| 2026-05-13 | 41.05% |
| 2026-05-12 | 41.03% |
| 2026-05-11 | 41.05% |
| 2026-05-08 | 43.83% |
| 2026-05-07 | 43.81% |
| 2026-05-06 | 43.83% |
| 2026-05-05 | 43.83% |
| 2026-05-04 | 54.60% |
| 2026-05-01 | 43.43% |
| 2026-04-30 | 43.44% |
| 2026-04-29 | 43.42% |
| 2026-04-28 | 43.43% |
| 2026-04-27 | 43.42% |
| 2026-04-24 | 43.41% |
| 2026-04-23 | 43.42% |
| 2026-04-22 | 43.42% |
| 2026-04-21 | 43.44% |
| 2026-04-20 | 43.43% |
| 2026-04-17 | 43.44% |
| 2026-04-16 | 43.44% |
| 2026-04-15 | 43.42% |
| 2026-04-14 | 43.41% |
| 2026-04-13 | 43.44% |
| 2026-04-10 | 43.44% |
| 2026-04-09 | 43.44% |
| 2026-04-08 | 43.43% |
| 2026-04-07 | 43.42% |
| 2026-04-06 | 43.42% |
| 2026-04-02 | 43.44% |
| 2026-04-01 | 43.44% |
| 2026-03-31 | 43.42% |
| 2026-03-30 | 43.42% |
| 2026-03-27 | 43.41% |
| 2026-03-26 | 43.43% |
| 2026-03-25 | 43.43% |
| 2026-03-24 | 43.44% |
| 2026-03-23 | 43.43% |
| 2026-03-20 | 43.45% |
| 2026-03-19 | 43.41% |
| 2026-03-18 | 43.42% |
| 2026-03-17 | 43.41% |
| 2026-03-16 | 43.44% |
| 2026-03-13 | 43.45% |
| 2026-03-12 | 43.44% |
| 2026-03-11 | 43.44% |
| 2026-03-10 | 43.43% |
| 2026-03-09 | 43.42% |
| 2026-03-06 | 43.41% |
| 2026-03-05 | 43.42% |
| 2026-03-04 | 43.42% |
| 2026-03-03 | 43.43% |
| 2026-03-02 | 43.42% |
| 2026-02-27 | 45.59% |
| 2026-02-26 | 45.62% |
| 2026-02-25 | 45.62% |
| 2026-02-24 | 45.61% |
| 2026-02-23 | 45.59% |
| 2026-02-20 | 45.61% |
| 2026-02-19 | 45.62% |
| 2026-02-18 | 45.62% |
| 2026-02-17 | 45.60% |
| 2026-02-13 | 45.59% |
| 2026-02-12 | 45.60% |
| 2026-02-11 | 45.60% |
| 2026-02-10 | 45.62% |
| 2026-02-09 | 56.89% |
| 2026-02-06 | 45.18% |
| 2026-02-05 | 45.19% |
| 2026-02-04 | 45.17% |
| 2026-02-03 | 45.21% |
| 2026-02-02 | 45.18% |
| 2026-01-30 | 45.20% |
| 2026-01-29 | 45.20% |
| 2026-01-28 | 45.17% |
| 2026-01-27 | 45.20% |
| 2026-01-26 | 45.20% |
| 2026-01-23 | 45.18% |
| 2026-01-22 | 45.18% |
| 2026-01-21 | 45.17% |
| 2026-01-20 | 45.18% |
| 2026-01-16 | 45.18% |
| 2026-01-15 | 45.21% |
| 2026-01-14 | 45.17% |
| 2026-01-13 | 45.17% |
| 2026-01-12 | 45.17% |
| 2026-01-09 | 45.17% |
| 2026-01-08 | 45.17% |
| 2026-01-07 | 45.21% |
| 2026-01-06 | 45.18% |
| 2026-01-05 | 45.21% |
| 2026-01-02 | 45.17% |
| 2025-12-31 | 45.19% |
| 2025-12-30 | 45.20% |
| 2025-12-29 | 45.19% |
| 2025-12-26 | 45.18% |
| 2025-12-24 | 45.20% |
| 2025-12-23 | 45.19% |
| 2025-12-22 | 45.17% |
| 2025-12-19 | 45.18% |
| 2025-12-18 | 45.18% |
| 2025-12-17 | 45.20% |
| 2025-12-16 | 45.21% |
| 2025-12-15 | 45.18% |
| 2025-12-12 | 45.19% |
| 2025-12-11 | 45.20% |
| 2025-12-10 | 45.19% |
| 2025-12-09 | 45.19% |
| 2025-12-08 | 45.19% |
| 2025-12-05 | 45.18% |
| 2025-12-04 | 45.19% |
| 2025-12-03 | 45.17% |
| 2025-12-02 | 45.19% |
| 2025-12-01 | 45.20% |
| 2025-11-28 | 45.20% |
| 2025-11-26 | 45.19% |
| 2025-11-25 | 45.18% |
| 2025-11-24 | 45.18% |
| 2025-11-21 | 45.20% |
| 2025-11-20 | 45.18% |
| 2025-11-19 | 45.18% |
| 2025-11-18 | 45.18% |
| 2025-11-17 | 45.20% |
| 2025-11-14 | 45.19% |
| 2025-11-13 | 45.21% |
| 2025-11-12 | 45.21% |
| 2025-11-11 | 45.19% |
| 2025-11-10 | 45.18% |
| 2025-11-07 | 50.24% |
| 2025-11-06 | 50.22% |
| 2025-11-05 | 50.24% |
| 2025-11-04 | 50.22% |
| 2025-11-03 | 49.31% |
| 2025-10-31 | 49.31% |
| 2025-10-30 | 49.29% |
| 2025-10-29 | 49.32% |
| 2025-10-28 | 49.31% |
| 2025-10-27 | 49.32% |
| 2025-10-24 | 49.30% |
| 2025-10-23 | 49.31% |
| 2025-10-22 | 49.31% |
| 2025-10-21 | 49.29% |
| 2025-10-20 | 49.31% |
| 2025-10-17 | 49.29% |
| 2025-10-16 | 49.31% |
| 2025-10-15 | 49.32% |
| 2025-10-14 | 49.29% |
| 2025-10-13 | 49.31% |
| 2025-10-10 | 49.29% |
| 2025-10-09 | 49.30% |
| 2025-10-08 | 49.32% |
| 2025-10-07 | 49.32% |
| 2025-10-06 | 49.32% |
| 2025-10-03 | 49.32% |
| 2025-10-02 | 49.31% |
| 2025-10-01 | 49.32% |
| 2025-09-30 | 49.29% |
| 2025-09-29 | 49.31% |
| 2025-09-26 | 49.31% |
| 2025-09-25 | 49.28% |
| 2025-09-24 | 49.29% |
| 2025-09-23 | 49.29% |
Showing the most recent 260 of 1,961 data points. The chart above shows the full history.
| $0.52 |
| 37.7% |
| 2019-12-31 | $1.06 | $0.96 | 90.6% |
| 2018-12-31 | $1.81 | $0.96 | 53.0% |
| 2017-12-31 | $1.70 | $0.80 | 47.1% |
| 2016-12-31 | $1.76 | $0.66 | 37.5% |
| 2015-12-31 | $1.69 | $0.47 | 27.8% |
| 2014-12-31 | $1.57 | $0.28 | 17.8% |
| 2013-12-31 | $1.26 | $0.14 | 11.1% |
| 2012-12-31 | $2.87 | $0.00 | 0.0% |
| 2011-12-31 | $1.38 | $0.00 | 0.0% |
| 2010-12-31 | ($7.44) | $0.00 | N/A (Loss) |
| 2009-12-31 | ($20.56) | $0.00 | N/A (Loss) |
| 2008-12-31 | ($17.84) | $0.72 | N/A (Loss) |
| 2007-12-31 | ($10.16) | $1.92 | N/A (Loss) |
| 2006-12-31 | $10.72 | $1.92 | 17.9% |
| 2005-12-31 | $9.44 | $1.60 | 16.9% |
| 2004-12-31 | $7.41 | $1.60 | 21.6% |
| 2003-12-31 | $5.43 | $1.60 | 29.5% |
