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 15.09% is 29% below its 5-year average of 21.24%, near the low end of its 5-year range (14.83%–29.73%).
As of Sunday, July 26, 2026. 12.90% below its 12-month average of 17.32%.
Dividend Payout Ratio (15.09%) = TTM Dividends/Share ($2.32) / TTM EPS ($15.38)
DIVIDEND PAYOUT RATIO
15.09%
DIVIDEND PAYOUT RATIO AVG TTM
17.32%
DIVIDEND PAYOUT RATIO AVG 3Y
18.92%
DIVIDEND PAYOUT RATIO AVG 5Y
21.24%
DIVIDEND PAYOUT RATIO AVG 10Y
23.12%
DIVIDEND PAYOUT RATIO AVG 15Y
23.47%
DIVIDEND PAYOUT RATIO AVG 20Y
22.99%
CURRENT VS TTM AVG
-12.90%
CURRENT VS 3Y AVG
-20.26%
CURRENT VS 5Y AVG
-28.95%
CURRENT VS 10Y AVG
-34.73%
CURRENT VS 15Y AVG
-35.70%
CURRENT VS 20Y AVG
-34.38%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $13.51 | $2.16 | 16.0% |
| 2024 | $10.51 | $1.93 | 18.4% |
| 2023 | $8.09 | $1.74 | 21.6% |
| 2022 | $5.52 | $1.58 | 28.6% |
| 2021 | $6.71 | $1.43 | 21.4% |
| 2020 | $4.79 | $1.30 |
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 | 15.09% |
| 2026-07-23 | 15.09% |
| 2026-07-22 | 16.31% |
| 2026-07-21 | 16.31% |
| 2026-07-20 | 16.31% |
| 2026-07-17 | 16.31% |
| 2026-07-16 | 16.32% |
| 2026-07-15 | 16.32% |
| 2026-07-14 | 16.32% |
| 2026-07-13 | 16.31% |
| 2026-07-10 | 16.32% |
| 2026-07-09 | 16.31% |
| 2026-07-08 | 16.32% |
| 2026-07-07 | 16.32% |
| 2026-07-06 | 16.32% |
| 2026-07-02 | 16.31% |
| 2026-07-01 | 16.32% |
| 2026-06-30 | 16.32% |
| 2026-06-29 | 16.32% |
| 2026-06-26 | 16.32% |
| 2026-06-25 | 16.32% |
| 2026-06-24 | 16.32% |
| 2026-06-23 | 16.32% |
| 2026-06-22 | 16.32% |
| 2026-06-18 | 16.32% |
| 2026-06-17 | 16.32% |
| 2026-06-16 | 16.31% |
| 2026-06-15 | 16.32% |
| 2026-06-12 | 16.32% |
| 2026-06-11 | 16.32% |
| 2026-06-10 | 16.32% |
| 2026-06-09 | 16.32% |
| 2026-06-08 | 16.31% |
| 2026-06-05 | 16.31% |
| 2026-06-04 | 16.31% |
| 2026-06-03 | 16.32% |
| 2026-06-02 | 16.31% |
| 2026-06-01 | 19.97% |
| 2026-05-29 | 15.75% |
| 2026-05-28 | 15.75% |
| 2026-05-27 | 15.75% |
| 2026-05-26 | 15.75% |
| 2026-05-22 | 15.76% |
| 2026-05-21 | 15.76% |
| 2026-05-20 | 15.75% |
| 2026-05-19 | 15.76% |
| 2026-05-18 | 15.75% |
| 2026-05-15 | 15.76% |
| 2026-05-14 | 15.75% |
| 2026-05-13 | 15.76% |
| 2026-05-12 | 15.75% |
| 2026-05-11 | 15.75% |
| 2026-05-08 | 15.75% |
| 2026-05-07 | 15.75% |
| 2026-05-06 | 15.76% |
| 2026-05-05 | 15.75% |
| 2026-05-04 | 15.75% |
| 2026-05-01 | 15.75% |
| 2026-04-30 | 15.75% |
| 2026-04-29 | 15.75% |
| 2026-04-28 | 15.75% |
| 2026-04-27 | 15.75% |
| 2026-04-24 | 15.74% |
| 2026-04-23 | 15.76% |
| 2026-04-22 | 16.79% |
| 2026-04-21 | 16.79% |
| 2026-04-20 | 16.80% |
| 2026-04-17 | 16.79% |
| 2026-04-16 | 16.80% |
| 2026-04-15 | 16.79% |
| 2026-04-14 | 16.79% |
| 2026-04-13 | 16.80% |
| 2026-04-10 | 16.80% |
| 2026-04-09 | 16.78% |
| 2026-04-08 | 16.79% |
| 2026-04-07 | 16.80% |
| 2026-04-06 | 16.80% |
| 2026-04-02 | 16.79% |
| 2026-04-01 | 16.79% |
| 2026-03-31 | 16.80% |
| 2026-03-30 | 16.80% |
| 2026-03-27 | 16.79% |
| 2026-03-26 | 16.79% |
| 2026-03-25 | 16.79% |
| 2026-03-24 | 16.79% |
| 2026-03-23 | 16.79% |
| 2026-03-20 | 16.79% |
| 2026-03-19 | 16.80% |
| 2026-03-18 | 16.79% |
| 2026-03-17 | 16.78% |
| 2026-03-16 | 16.79% |
| 2026-03-13 | 16.78% |
| 2026-03-12 | 16.80% |
| 2026-03-11 | 16.80% |
| 2026-03-10 | 16.79% |
| 2026-03-09 | 16.79% |
| 2026-03-06 | 16.79% |
| 2026-03-05 | 16.79% |
| 2026-03-04 | 16.80% |
| 2026-03-03 | 16.80% |
| 2026-03-02 | 20.68% |
| 2026-02-27 | 16.20% |
| 2026-02-26 | 16.18% |
| 2026-02-25 | 16.19% |
| 2026-02-24 | 16.20% |
| 2026-02-23 | 16.20% |
| 2026-02-20 | 16.19% |
| 2026-02-19 | 17.64% |
| 2026-02-18 | 17.65% |
| 2026-02-17 | 17.65% |
| 2026-02-13 | 17.65% |
| 2026-02-12 | 17.64% |
| 2026-02-11 | 17.64% |
| 2026-02-10 | 17.65% |
| 2026-02-09 | 17.65% |
| 2026-02-06 | 17.65% |
| 2026-02-05 | 17.65% |
| 2026-02-04 | 17.65% |
| 2026-02-03 | 17.65% |
| 2026-02-02 | 17.65% |
| 2026-01-30 | 17.64% |
| 2026-01-29 | 17.64% |
| 2026-01-28 | 17.65% |
| 2026-01-27 | 17.65% |
| 2026-01-26 | 17.64% |
| 2026-01-23 | 17.65% |
| 2026-01-22 | 17.65% |
| 2026-01-21 | 17.64% |
| 2026-01-20 | 17.64% |
| 2026-01-16 | 17.65% |
| 2026-01-15 | 17.65% |
| 2026-01-14 | 17.65% |
| 2026-01-13 | 17.64% |
| 2026-01-12 | 17.65% |
| 2026-01-09 | 17.64% |
| 2026-01-08 | 17.65% |
| 2026-01-07 | 17.64% |
| 2026-01-06 | 17.65% |
| 2026-01-05 | 17.64% |
| 2026-01-02 | 17.64% |
| 2025-12-31 | 17.65% |
| 2025-12-30 | 17.64% |
| 2025-12-29 | 17.65% |
| 2025-12-26 | 17.65% |
| 2025-12-24 | 17.65% |
| 2025-12-23 | 17.64% |
| 2025-12-22 | 17.65% |
| 2025-12-19 | 17.65% |
| 2025-12-18 | 17.65% |
| 2025-12-17 | 17.64% |
| 2025-12-16 | 17.65% |
| 2025-12-15 | 17.65% |
| 2025-12-12 | 17.64% |
| 2025-12-11 | 17.64% |
| 2025-12-10 | 17.65% |
| 2025-12-09 | 17.64% |
| 2025-12-08 | 17.65% |
| 2025-12-05 | 17.64% |
| 2025-12-04 | 17.64% |
| 2025-12-03 | 17.65% |
| 2025-12-02 | 17.65% |
| 2025-12-01 | 21.89% |
| 2025-11-28 | 17.00% |
| 2025-11-26 | 16.99% |
| 2025-11-25 | 16.99% |
| 2025-11-24 | 16.99% |
| 2025-11-21 | 17.00% |
| 2025-11-20 | 16.99% |
| 2025-11-19 | 17.00% |
| 2025-11-18 | 17.00% |
| 2025-11-17 | 16.99% |
| 2025-11-14 | 17.00% |
| 2025-11-13 | 16.99% |
| 2025-11-12 | 16.99% |
| 2025-11-11 | 17.00% |
| 2025-11-10 | 16.99% |
| 2025-11-07 | 16.99% |
| 2025-11-06 | 16.99% |
| 2025-11-05 | 17.00% |
| 2025-11-04 | 16.99% |
| 2025-11-03 | 16.99% |
| 2025-10-31 | 17.00% |
| 2025-10-30 | 17.00% |
| 2025-10-29 | 17.00% |
| 2025-10-28 | 16.99% |
| 2025-10-27 | 16.99% |
| 2025-10-24 | 18.85% |
| 2025-10-23 | 18.87% |
| 2025-10-22 | 18.85% |
| 2025-10-21 | 18.85% |
| 2025-10-20 | 18.86% |
| 2025-10-17 | 18.85% |
| 2025-10-16 | 18.86% |
| 2025-10-15 | 18.85% |
| 2025-10-14 | 18.85% |
| 2025-10-13 | 18.85% |
| 2025-10-10 | 18.86% |
| 2025-10-09 | 18.86% |
| 2025-10-08 | 18.86% |
| 2025-10-07 | 18.86% |
| 2025-10-06 | 18.86% |
| 2025-10-03 | 18.86% |
| 2025-10-02 | 18.85% |
| 2025-10-01 | 18.86% |
| 2025-09-30 | 18.85% |
| 2025-09-29 | 18.86% |
| 2025-09-26 | 18.86% |
| 2025-09-25 | 18.86% |
| 2025-09-24 | 18.85% |
| 2025-09-23 | 18.86% |
| 2025-09-22 | 18.86% |
| 2025-09-19 | 18.85% |
| 2025-09-18 | 18.85% |
| 2025-09-17 | 18.85% |
| 2025-09-16 | 18.85% |
| 2025-09-15 | 18.86% |
| 2025-09-12 | 18.85% |
| 2025-09-11 | 18.86% |
| 2025-09-10 | 18.86% |
| 2025-09-09 | 18.85% |
| 2025-09-08 | 18.85% |
| 2025-09-05 | 18.86% |
| 2025-09-04 | 18.85% |
| 2025-09-03 | 18.86% |
| 2025-09-02 | 23.12% |
| 2025-08-29 | 18.41% |
| 2025-08-28 | 18.41% |
| 2025-08-27 | 18.40% |
| 2025-08-26 | 18.40% |
| 2025-08-25 | 18.40% |
| 2025-08-22 | 18.40% |
| 2025-08-21 | 18.41% |
| 2025-08-20 | 18.41% |
| 2025-08-19 | 18.40% |
| 2025-08-18 | 18.40% |
| 2025-08-15 | 18.41% |
| 2025-08-14 | 18.41% |
| 2025-08-13 | 18.40% |
| 2025-08-12 | 18.41% |
| 2025-08-11 | 18.41% |
| 2025-08-08 | 18.41% |
| 2025-08-07 | 18.40% |
| 2025-08-06 | 18.41% |
| 2025-08-05 | 18.41% |
| 2025-08-04 | 18.40% |
| 2025-08-01 | 18.40% |
| 2025-07-31 | 18.41% |
| 2025-07-30 | 18.41% |
| 2025-07-29 | 18.40% |
| 2025-07-28 | 18.40% |
| 2025-07-25 | 20.24% |
| 2025-07-24 | 20.24% |
| 2025-07-23 | 20.25% |
| 2025-07-22 | 20.23% |
| 2025-07-21 | 20.24% |
| 2025-07-18 | 20.24% |
| 2025-07-17 | 20.25% |
| 2025-07-16 | 20.24% |
| 2025-07-15 | 20.24% |
| 2025-07-14 | 20.23% |
Showing the most recent 260 of 2,215 data points. The chart above shows the full history.
| 27.1% |
| 2019 | $5.72 | $1.20 | 21.0% |
| 2018 | $5.04 | $1.10 | 21.8% |
| 2017 | ($8.61) | $0.94 | N/A (Loss) |
| 2016 | $2.31 | $0.86 | 37.2% |
| 2015 | $4.05 | $0.78 | 19.3% |
| 2014 | $1.81 | $0.66 | 36.5% |
| 2013 | $0.60 | $0.50 | 83.3% |
| 2012 | ($0.09) | $0.40 | N/A (Loss) |
| 2011 | $1.53 | $0.40 | 26.1% |
| 2010 | $2.70 | $0.20 | 7.4% |
| 2009 | ($2.93) | $0.20 | N/A (Loss) |
| 2008 | ($8.90) | $1.91 | N/A (Loss) |
| 2007 | $9.32 | $2.03 | 21.8% |
| 2006 | $8.89 | $1.70 | 19.1% |
| 2005 | $7.63 | $1.17 | 15.3% |
| 2004 | $7.24 | $1.13 | 15.6% |
| 2003 | ($0.33) | $1.09 | N/A (Loss) |
| 2002 | $4.01 | $1.05 | 26.2% |
| 2001 | $2.13 | $1.01 | 47.4% |
| 2000 | $4.42 | $0.97 | 21.9% |
| 1999 | $3.83 | $0.92 | 24.0% |
| 1998 | $4.36 | $0.85 | 19.5% |
| 1997 | $5.65 | $0.80 | 14.2% |
| 1996 | ($0.42) | $0.80 | N/A (Loss) |