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 35.57% is 19% above its 5-year average of 29.87%, near the low end of its 5-year range (11.04%–112.01%).
As of Friday, September 11, 2026. 11.78% below its 12-month average of 40.32%.
Dividend Payout Ratio (35.57%) = TTM Dividends/Share ($0.68) / TTM EPS ($1.91)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
35.57%
DIVIDEND PAYOUT RATIO AVG TTM
40.32%
DIVIDEND PAYOUT RATIO AVG 3Y
32.11%
DIVIDEND PAYOUT RATIO AVG 5Y
29.87%
DIVIDEND PAYOUT RATIO AVG 10Y
31.96%
DIVIDEND PAYOUT RATIO AVG 15Y
26.80%
DIVIDEND PAYOUT RATIO AVG 20Y
23.61%
CURRENT VS TTM AVG
-11.78%
CURRENT VS 3Y AVG
+10.78%
CURRENT VS 5Y AVG
+19.11%
CURRENT VS 10Y AVG
+11.31%
CURRENT VS 15Y AVG
+32.73%
CURRENT VS 20Y AVG
+50.70%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $1.51 | $0.68 | 45.0% |
| 2024-12-31 | $2.83 | $0.68 | 24.0% |
| 2023-12-31 | $2.93 | $0.64 | 21.8% |
| 2022-12-31 | $1.74 | $0.48 | 27.6% |
| 2021-12-31 | $1.63 | $0.18 | 11.0% |
| 2020-12-31 | ($3.34) |
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 | 35.57% |
| 2026-09-10 | 35.57% |
| 2026-09-09 | 35.58% |
| 2026-09-08 | 35.57% |
| 2026-09-04 | 35.59% |
| 2026-09-03 | 35.58% |
| 2026-09-02 | 44.48% |
| 2026-09-01 | 35.57% |
| 2026-08-31 | 35.58% |
| 2026-08-28 | 35.58% |
| 2026-08-27 | 35.58% |
| 2026-08-26 | 35.58% |
| 2026-08-25 | 35.59% |
| 2026-08-24 | 35.58% |
| 2026-08-21 | 35.58% |
| 2026-08-20 | 35.57% |
| 2026-08-19 | 35.57% |
| 2026-08-18 | 35.59% |
| 2026-08-17 | 35.58% |
| 2026-08-14 | 35.58% |
| 2026-08-13 | 35.57% |
| 2026-08-12 | 35.58% |
| 2026-08-11 | 35.59% |
| 2026-08-10 | 35.58% |
| 2026-08-07 | 35.59% |
| 2026-08-06 | 35.58% |
| 2026-08-05 | 35.58% |
| 2026-08-04 | 35.58% |
| 2026-08-03 | 35.59% |
| 2026-07-31 | 35.57% |
| 2026-07-30 | 35.59% |
| 2026-07-29 | 35.58% |
| 2026-07-28 | 35.58% |
| 2026-07-27 | 35.58% |
| 2026-07-24 | 37.34% |
| 2026-07-23 | 37.34% |
| 2026-07-22 | 37.35% |
| 2026-07-21 | 37.33% |
| 2026-07-20 | 37.34% |
| 2026-07-17 | 37.34% |
| 2026-07-16 | 37.34% |
| 2026-07-15 | 37.35% |
| 2026-07-14 | 37.34% |
| 2026-07-13 | 37.33% |
| 2026-07-10 | 37.33% |
| 2026-07-09 | 37.33% |
| 2026-07-08 | 37.33% |
| 2026-07-07 | 37.33% |
| 2026-07-06 | 37.34% |
| 2026-07-02 | 37.34% |
| 2026-07-01 | 37.35% |
| 2026-06-30 | 37.33% |
| 2026-06-29 | 37.34% |
| 2026-06-26 | 37.33% |
| 2026-06-25 | 37.34% |
| 2026-06-24 | 37.33% |
| 2026-06-23 | 37.34% |
| 2026-06-22 | 37.34% |
| 2026-06-18 | 37.34% |
| 2026-06-17 | 37.33% |
| 2026-06-16 | 37.35% |
| 2026-06-15 | 37.33% |
| 2026-06-12 | 37.33% |
| 2026-06-11 | 37.34% |
| 2026-06-10 | 37.35% |
| 2026-06-09 | 37.33% |
| 2026-06-08 | 37.34% |
| 2026-06-05 | 37.33% |
| 2026-06-04 | 37.33% |
| 2026-06-03 | 46.67% |
| 2026-06-02 | 37.33% |
| 2026-06-01 | 37.34% |
| 2026-05-29 | 37.33% |
| 2026-05-28 | 37.35% |
| 2026-05-27 | 37.33% |
| 2026-05-26 | 37.34% |
| 2026-05-22 | 37.34% |
| 2026-05-21 | 37.34% |
| 2026-05-20 | 37.34% |
| 2026-05-19 | 37.34% |
| 2026-05-18 | 37.34% |
| 2026-05-15 | 37.34% |
| 2026-05-14 | 37.33% |
| 2026-05-13 | 37.33% |
| 2026-05-12 | 37.34% |
| 2026-05-11 | 37.34% |
| 2026-05-08 | 37.34% |
| 2026-05-07 | 37.34% |
| 2026-05-06 | 37.33% |
| 2026-05-05 | 37.34% |
| 2026-05-04 | 37.34% |
| 2026-05-01 | 37.35% |
| 2026-04-30 | 37.34% |
| 2026-04-29 | 37.34% |
| 2026-04-28 | 37.34% |
| 2026-04-27 | 37.34% |
| 2026-04-24 | 45.00% |
| 2026-04-23 | 45.00% |
| 2026-04-22 | 45.00% |
| 2026-04-21 | 44.99% |
| 2026-04-20 | 44.99% |
| 2026-04-17 | 44.99% |
| 2026-04-16 | 44.99% |
| 2026-04-15 | 45.00% |
| 2026-04-14 | 44.99% |
| 2026-04-13 | 45.00% |
| 2026-04-10 | 44.99% |
| 2026-04-09 | 45.00% |
| 2026-04-08 | 44.99% |
| 2026-04-07 | 44.99% |
| 2026-04-06 | 45.00% |
| 2026-04-02 | 45.00% |
| 2026-04-01 | 45.01% |
| 2026-03-31 | 45.00% |
| 2026-03-30 | 45.00% |
| 2026-03-27 | 45.00% |
| 2026-03-26 | 45.00% |
| 2026-03-25 | 44.99% |
| 2026-03-24 | 45.00% |
| 2026-03-23 | 44.99% |
| 2026-03-20 | 44.99% |
| 2026-03-19 | 45.00% |
| 2026-03-18 | 45.00% |
| 2026-03-17 | 44.99% |
| 2026-03-16 | 44.99% |
| 2026-03-13 | 44.99% |
| 2026-03-12 | 44.99% |
| 2026-03-11 | 45.01% |
| 2026-03-10 | 45.01% |
| 2026-03-09 | 45.00% |
| 2026-03-06 | 44.99% |
| 2026-03-05 | 44.99% |
| 2026-03-04 | 56.24% |
| 2026-03-03 | 44.99% |
| 2026-03-02 | 44.99% |
| 2026-02-27 | 44.99% |
| 2026-02-26 | 45.00% |
| 2026-02-25 | 45.00% |
| 2026-02-24 | 44.99% |
| 2026-02-23 | 45.00% |
| 2026-02-20 | 44.99% |
| 2026-02-19 | 45.01% |
| 2026-02-18 | 45.00% |
| 2026-02-17 | 45.00% |
| 2026-02-13 | 44.99% |
| 2026-02-12 | 45.00% |
| 2026-02-11 | 45.00% |
| 2026-02-10 | 44.99% |
| 2026-02-09 | 44.99% |
| 2026-02-06 | 45.00% |
| 2026-02-05 | 44.99% |
| 2026-02-04 | 44.99% |
| 2026-02-03 | 44.99% |
| 2026-02-02 | 44.99% |
| 2026-01-30 | 45.00% |
| 2026-01-29 | 45.01% |
| 2026-01-28 | 45.01% |
| 2026-01-27 | 45.00% |
| 2026-01-26 | 44.99% |
| 2026-01-23 | 45.01% |
| 2026-01-22 | 44.99% |
| 2026-01-21 | 45.01% |
| 2026-01-20 | 44.99% |
| 2026-01-16 | 44.99% |
| 2026-01-15 | 44.99% |
| 2026-01-14 | 44.99% |
| 2026-01-13 | 45.00% |
| 2026-01-12 | 45.00% |
| 2026-01-09 | 44.99% |
| 2026-01-08 | 45.00% |
| 2026-01-07 | 44.99% |
| 2026-01-06 | 45.00% |
| 2026-01-05 | 44.99% |
| 2026-01-02 | 45.00% |
| 2025-12-31 | 45.00% |
| 2025-12-30 | 44.99% |
| 2025-12-29 | 45.00% |
| 2025-12-26 | 44.99% |
| 2025-12-24 | 45.00% |
| 2025-12-23 | 45.00% |
| 2025-12-22 | 44.99% |
| 2025-12-19 | 44.99% |
| 2025-12-18 | 44.99% |
| 2025-12-17 | 45.01% |
| 2025-12-16 | 44.99% |
| 2025-12-15 | 45.00% |
| 2025-12-12 | 45.00% |
| 2025-12-11 | 45.00% |
| 2025-12-10 | 45.01% |
| 2025-12-09 | 44.99% |
| 2025-12-08 | 44.99% |
| 2025-12-05 | 45.01% |
| 2025-12-04 | 45.01% |
| 2025-12-03 | 56.24% |
| 2025-12-02 | 45.00% |
| 2025-12-01 | 44.99% |
| 2025-11-28 | 45.00% |
| 2025-11-26 | 45.01% |
| 2025-11-25 | 45.00% |
| 2025-11-24 | 45.01% |
| 2025-11-21 | 45.01% |
| 2025-11-20 | 44.99% |
| 2025-11-19 | 45.00% |
| 2025-11-18 | 45.00% |
| 2025-11-17 | 45.01% |
| 2025-11-14 | 45.01% |
| 2025-11-13 | 45.00% |
| 2025-11-12 | 45.00% |
| 2025-11-11 | 45.00% |
| 2025-11-10 | 45.01% |
| 2025-11-07 | 44.99% |
| 2025-11-06 | 44.98% |
| 2025-11-05 | 44.99% |
| 2025-11-04 | 45.00% |
| 2025-11-03 | 45.01% |
| 2025-10-31 | 45.00% |
| 2025-10-30 | 45.00% |
| 2025-10-29 | 44.99% |
| 2025-10-28 | 45.01% |
| 2025-10-27 | 44.99% |
| 2025-10-24 | 31.78% |
| 2025-10-23 | 31.78% |
| 2025-10-22 | 31.76% |
| 2025-10-21 | 31.76% |
| 2025-10-20 | 31.78% |
| 2025-10-17 | 31.79% |
| 2025-10-16 | 31.79% |
| 2025-10-15 | 31.77% |
| 2025-10-14 | 31.79% |
| 2025-10-13 | 31.76% |
| 2025-10-10 | 31.79% |
| 2025-10-09 | 31.76% |
| 2025-10-08 | 31.78% |
| 2025-10-07 | 31.79% |
| 2025-10-06 | 31.77% |
| 2025-10-03 | 31.78% |
| 2025-10-02 | 31.77% |
| 2025-10-01 | 31.79% |
| 2025-09-30 | 31.79% |
| 2025-09-29 | 31.77% |
| 2025-09-26 | 31.77% |
| 2025-09-25 | 31.77% |
| 2025-09-24 | 31.77% |
| 2025-09-23 | 31.77% |
| 2025-09-22 | 31.79% |
| 2025-09-19 | 31.78% |
| 2025-09-18 | 31.78% |
| 2025-09-17 | 31.78% |
| 2025-09-16 | 31.79% |
| 2025-09-15 | 31.77% |
| 2025-09-12 | 31.78% |
| 2025-09-11 | 31.79% |
| 2025-09-10 | 31.77% |
| 2025-09-09 | 31.76% |
| 2025-09-08 | 31.77% |
| 2025-09-05 | 31.78% |
| 2025-09-04 | 31.78% |
| 2025-09-03 | 39.72% |
| 2025-09-02 | 31.77% |
| 2025-08-29 | 31.77% |
Showing the most recent 260 of 2,195 data points. The chart above shows the full history.
| $0.31 |
| N/A (Loss) |
| 2019-12-31 | ($1.29) | $0.72 | N/A (Loss) |
| 2018-12-31 | $1.89 | $0.72 | 38.1% |
| 2017-12-31 | ($0.53) | $0.72 | N/A (Loss) |
| 2016-12-31 | ($6.69) | $0.72 | N/A (Loss) |
| 2015-12-31 | ($0.79) | $0.72 | N/A (Loss) |
| 2014-12-31 | $4.13 | $0.63 | 15.3% |
| 2013-12-31 | $2.37 | $0.53 | 22.2% |
| 2012-12-31 | $2.85 | $0.36 | 12.6% |
| 2011-12-31 | $3.09 | $0.36 | 11.7% |
| 2010-12-31 | $2.02 | $0.36 | 17.8% |
| 2009-12-31 | $1.27 | $0.36 | 28.3% |
| 2008-12-31 | $1.75 | $0.36 | 20.6% |
| 2007-12-31 | $3.83 | $0.34 | 9.0% |
| 2006-12-31 | $2.32 | $0.30 | 12.9% |
| 2005-12-31 | $2.33 | $0.25 | 10.7% |
| 2004-12-31 | ($1.12) | $0.25 | N/A (Loss) |
| 2003-12-31 | ($0.94) | $0.25 | N/A (Loss) |
| 2002-12-31 | ($1.16) | $0.25 | N/A (Loss) |
| 2001-12-31 | $0.95 | $0.25 | 26.3% |
| 2000-12-31 | $0.57 | $0.25 | 43.9% |
| 1999-12-31 | $0.50 | $0.25 | 50.0% |
| 1998-12-31 | ($0.02) | $0.25 | N/A (Loss) |
| 1997-12-31 | $0.90 | $0.25 | 27.8% |
| 1996-12-31 | $0.57 | $0.25 | 43.9% |
