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 34.75% is in line with its 5-year average of 36.05%, around the middle of its 5-year range (25.72%–46.69%).
As of Monday, October 5, 2026. 7.00% below its 12-month average of 37.37%.
Dividend Payout Ratio (34.75%) = TTM Dividends/Share ($2.28) / TTM EPS ($6.56)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
34.75%
DIVIDEND PAYOUT RATIO AVG TTM
37.37%
DIVIDEND PAYOUT RATIO AVG 3Y
36.55%
DIVIDEND PAYOUT RATIO AVG 5Y
36.05%
DIVIDEND PAYOUT RATIO AVG 10Y
49.79%
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-7.00%
CURRENT VS 3Y AVG
-4.92%
CURRENT VS 5Y AVG
-3.61%
CURRENT VS 10Y AVG
-30.21%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2026-03-31 | $5.99 | $2.16 | 36.1% |
| 2025-03-31 | $5.45 | $1.96 | 36.0% |
| 2024-03-31 | $3.72 | $1.78 | 47.8% |
| 2023-03-31 | $3.05 | $1.60 | 52.5% |
| 2022-03-31 | $4.02 | $1.40 | 34.8% |
| 2021-03-31 | $2.82 |
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 | 34.75% |
| 2026-10-02 | 34.76% |
| 2026-10-01 | 34.75% |
| 2026-09-30 | 34.75% |
| 2026-09-29 | 34.76% |
| 2026-09-28 | 34.75% |
| 2026-09-25 | 34.75% |
| 2026-09-24 | 34.76% |
| 2026-09-23 | 34.75% |
| 2026-09-22 | 34.75% |
| 2026-09-21 | 34.77% |
| 2026-09-18 | 33.85% |
| 2026-09-17 | 33.84% |
| 2026-09-16 | 33.84% |
| 2026-09-15 | 33.84% |
| 2026-09-14 | 33.85% |
| 2026-09-11 | 33.84% |
| 2026-09-10 | 33.84% |
| 2026-09-09 | 33.83% |
| 2026-09-08 | 33.84% |
| 2026-09-04 | 33.84% |
| 2026-09-03 | 33.84% |
| 2026-09-02 | 33.85% |
| 2026-09-01 | 33.84% |
| 2026-08-31 | 33.84% |
| 2026-08-28 | 33.83% |
| 2026-08-27 | 33.84% |
| 2026-08-26 | 33.85% |
| 2026-08-25 | 33.85% |
| 2026-08-24 | 33.85% |
| 2026-08-21 | 33.84% |
| 2026-08-20 | 33.84% |
| 2026-08-19 | 33.83% |
| 2026-08-18 | 33.84% |
| 2026-08-17 | 33.84% |
| 2026-08-14 | 33.84% |
| 2026-08-13 | 33.84% |
| 2026-08-12 | 33.85% |
| 2026-08-11 | 33.84% |
| 2026-08-10 | 33.84% |
| 2026-08-07 | 33.84% |
| 2026-08-06 | 33.85% |
| 2026-08-05 | 33.85% |
| 2026-08-04 | 37.56% |
| 2026-08-03 | 37.57% |
| 2026-07-31 | 37.55% |
| 2026-07-30 | 37.56% |
| 2026-07-29 | 37.57% |
| 2026-07-28 | 37.57% |
| 2026-07-27 | 37.56% |
| 2026-07-24 | 37.56% |
| 2026-07-23 | 37.56% |
| 2026-07-22 | 37.57% |
| 2026-07-21 | 37.56% |
| 2026-07-20 | 37.55% |
| 2026-07-17 | 37.57% |
| 2026-07-16 | 37.55% |
| 2026-07-15 | 37.57% |
| 2026-07-14 | 37.57% |
| 2026-07-13 | 37.58% |
| 2026-07-10 | 37.56% |
| 2026-07-09 | 37.56% |
| 2026-07-08 | 37.56% |
| 2026-07-07 | 37.56% |
| 2026-07-06 | 37.56% |
| 2026-07-02 | 37.58% |
| 2026-07-01 | 37.56% |
| 2026-06-30 | 37.57% |
| 2026-06-29 | 37.56% |
| 2026-06-26 | 37.57% |
| 2026-06-25 | 37.57% |
| 2026-06-24 | 37.58% |
| 2026-06-23 | 37.57% |
| 2026-06-22 | 37.55% |
| 2026-06-18 | 46.69% |
| 2026-06-17 | 36.54% |
| 2026-06-16 | 36.55% |
| 2026-06-15 | 36.54% |
| 2026-06-12 | 36.54% |
| 2026-06-11 | 36.54% |
| 2026-06-10 | 36.54% |
| 2026-06-09 | 36.56% |
| 2026-06-08 | 36.54% |
| 2026-06-05 | 36.54% |
| 2026-06-04 | 36.55% |
| 2026-06-03 | 36.56% |
| 2026-06-02 | 36.55% |
| 2026-06-01 | 36.55% |
| 2026-05-29 | 36.54% |
| 2026-05-28 | 36.56% |
| 2026-05-27 | 36.55% |
| 2026-05-26 | 36.55% |
| 2026-05-22 | 36.54% |
| 2026-05-21 | 38.77% |
| 2026-05-20 | 38.78% |
| 2026-05-19 | 38.78% |
| 2026-05-18 | 38.77% |
| 2026-05-15 | 38.78% |
| 2026-05-14 | 38.78% |
| 2026-05-13 | 38.77% |
| 2026-05-12 | 38.78% |
| 2026-05-11 | 38.78% |
| 2026-05-08 | 38.78% |
| 2026-05-07 | 38.78% |
| 2026-05-06 | 38.78% |
| 2026-05-05 | 38.78% |
| 2026-05-04 | 38.78% |
| 2026-05-01 | 38.78% |
| 2026-04-30 | 38.79% |
| 2026-04-29 | 38.78% |
| 2026-04-28 | 38.77% |
| 2026-04-27 | 38.78% |
| 2026-04-24 | 38.79% |
| 2026-04-23 | 38.78% |
| 2026-04-22 | 38.78% |
| 2026-04-21 | 38.77% |
| 2026-04-20 | 38.78% |
| 2026-04-17 | 38.78% |
| 2026-04-16 | 38.78% |
| 2026-04-15 | 38.77% |
| 2026-04-14 | 38.77% |
| 2026-04-13 | 38.79% |
| 2026-04-10 | 38.79% |
| 2026-04-09 | 38.78% |
| 2026-04-08 | 38.77% |
| 2026-04-07 | 38.78% |
| 2026-04-06 | 38.78% |
| 2026-04-02 | 38.78% |
| 2026-04-01 | 38.79% |
| 2026-03-31 | 38.79% |
| 2026-03-30 | 38.77% |
| 2026-03-27 | 38.77% |
| 2026-03-26 | 38.78% |
| 2026-03-25 | 38.78% |
| 2026-03-24 | 38.77% |
| 2026-03-23 | 38.77% |
| 2026-03-20 | 38.78% |
| 2026-03-19 | 29.08% |
| 2026-03-18 | 29.08% |
| 2026-03-17 | 29.08% |
| 2026-03-16 | 29.08% |
| 2026-03-13 | 37.89% |
| 2026-03-12 | 37.89% |
| 2026-03-11 | 37.89% |
| 2026-03-10 | 37.89% |
| 2026-03-09 | 37.87% |
| 2026-03-06 | 37.88% |
| 2026-03-05 | 37.88% |
| 2026-03-04 | 37.88% |
| 2026-03-03 | 37.89% |
| 2026-03-02 | 37.88% |
| 2026-02-27 | 37.88% |
| 2026-02-26 | 37.88% |
| 2026-02-25 | 37.88% |
| 2026-02-24 | 37.89% |
| 2026-02-23 | 37.89% |
| 2026-02-20 | 37.87% |
| 2026-02-19 | 37.89% |
| 2026-02-18 | 37.89% |
| 2026-02-17 | 37.88% |
| 2026-02-13 | 37.88% |
| 2026-02-12 | 37.89% |
| 2026-02-11 | 37.88% |
| 2026-02-10 | 37.88% |
| 2026-02-09 | 37.88% |
| 2026-02-06 | 37.88% |
| 2026-02-05 | 37.88% |
| 2026-02-04 | 37.88% |
| 2026-02-03 | 38.22% |
| 2026-02-02 | 38.22% |
| 2026-01-30 | 38.23% |
| 2026-01-29 | 38.22% |
| 2026-01-28 | 38.23% |
| 2026-01-27 | 38.23% |
| 2026-01-26 | 38.22% |
| 2026-01-23 | 38.22% |
| 2026-01-22 | 38.22% |
| 2026-01-21 | 38.22% |
| 2026-01-20 | 38.22% |
| 2026-01-16 | 38.23% |
| 2026-01-15 | 38.23% |
| 2026-01-14 | 38.23% |
| 2026-01-13 | 38.22% |
| 2026-01-12 | 38.23% |
| 2026-01-09 | 38.23% |
| 2026-01-08 | 38.23% |
| 2026-01-07 | 38.23% |
| 2026-01-06 | 38.23% |
| 2026-01-05 | 38.22% |
| 2026-01-02 | 38.23% |
| 2025-12-31 | 38.22% |
| 2025-12-30 | 38.23% |
| 2025-12-29 | 38.22% |
| 2025-12-26 | 38.23% |
| 2025-12-24 | 38.23% |
| 2025-12-23 | 38.22% |
| 2025-12-22 | 38.23% |
| 2025-12-19 | 38.22% |
| 2025-12-18 | 28.44% |
| 2025-12-17 | 28.44% |
| 2025-12-16 | 28.45% |
| 2025-12-15 | 37.32% |
| 2025-12-12 | 37.33% |
| 2025-12-11 | 37.32% |
| 2025-12-10 | 37.32% |
| 2025-12-09 | 37.32% |
| 2025-12-08 | 37.32% |
| 2025-12-05 | 37.32% |
| 2025-12-04 | 37.31% |
| 2025-12-03 | 37.32% |
| 2025-12-02 | 37.32% |
| 2025-12-01 | 37.33% |
| 2025-11-28 | 37.31% |
| 2025-11-26 | 37.33% |
| 2025-11-25 | 37.31% |
| 2025-11-24 | 37.33% |
| 2025-11-21 | 37.32% |
| 2025-11-20 | 37.32% |
| 2025-11-19 | 37.31% |
| 2025-11-18 | 37.32% |
| 2025-11-17 | 37.31% |
| 2025-11-14 | 37.32% |
| 2025-11-13 | 37.32% |
| 2025-11-12 | 37.33% |
| 2025-11-11 | 37.32% |
| 2025-11-10 | 37.31% |
| 2025-11-07 | 37.32% |
| 2025-11-06 | 37.32% |
| 2025-11-05 | 37.32% |
| 2025-11-04 | 39.61% |
| 2025-11-03 | 39.61% |
| 2025-10-31 | 39.62% |
| 2025-10-30 | 39.61% |
| 2025-10-29 | 39.61% |
| 2025-10-28 | 39.61% |
| 2025-10-27 | 39.62% |
| 2025-10-24 | 39.61% |
| 2025-10-23 | 39.62% |
| 2025-10-22 | 39.62% |
| 2025-10-21 | 39.61% |
| 2025-10-20 | 39.61% |
| 2025-10-17 | 39.62% |
| 2025-10-16 | 39.62% |
| 2025-10-15 | 39.61% |
| 2025-10-14 | 39.61% |
| 2025-10-13 | 39.61% |
| 2025-10-10 | 39.61% |
| 2025-10-09 | 39.62% |
| 2025-10-08 | 39.62% |
| 2025-10-07 | 39.62% |
| 2025-10-06 | 39.62% |
| 2025-10-03 | 39.62% |
| 2025-10-02 | 39.62% |
| 2025-10-01 | 39.62% |
| 2025-09-30 | 39.61% |
| 2025-09-29 | 39.61% |
| 2025-09-26 | 39.62% |
| 2025-09-25 | 39.62% |
| 2025-09-24 | 39.62% |
| 2025-09-23 | 39.62% |
Showing the most recent 260 of 1,460 data points. The chart above shows the full history.
| $1.25 |
| 44.3% |
| 2020-03-31 | $2.17 | $1.10 | 50.7% |
| 2019-03-31 | $1.41 | $0.85 | 60.3% |
| 2018-03-31 | $0.94 | $0.70 | 74.5% |
