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 37.86% is 64% above its 5-year average of 23.13%, near the high end of its 5-year range (9.42%–47.32%).
As of Monday, July 27, 2026. 13.73% above its 12-month average of 33.29%.
Dividend Payout Ratio (37.86%) = TTM Dividends/Share ($3.54) / TTM EPS ($9.35)
DIVIDEND PAYOUT RATIO
37.86%
DIVIDEND PAYOUT RATIO AVG TTM
33.29%
DIVIDEND PAYOUT RATIO AVG 3Y
27.94%
DIVIDEND PAYOUT RATIO AVG 5Y
23.13%
DIVIDEND PAYOUT RATIO AVG 10Y
18.84%
DIVIDEND PAYOUT RATIO AVG 15Y
13.85%
DIVIDEND PAYOUT RATIO AVG 20Y
11.10%
CURRENT VS TTM AVG
+13.73%
CURRENT VS 3Y AVG
+35.54%
CURRENT VS 5Y AVG
+63.67%
CURRENT VS 10Y AVG
+100.99%
CURRENT VS 15Y AVG
+173.43%
CURRENT VS 20Y AVG
+241.13%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $9.87 | $3.54 | 35.9% |
| 2024 | $10.01 | $3.54 | 35.4% |
| 2023 | $20.09 | $3.54 | 17.6% |
| 2022 | $22.20 | $3.15 | 14.2% |
| 2021 | $22.79 | $2.80 | 12.3% |
| 2020 | $25.47 | $2.50 |
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 | 37.86% |
| 2026-07-23 | 37.86% |
| 2026-07-22 | 37.86% |
| 2026-07-21 | 37.86% |
| 2026-07-20 | 37.86% |
| 2026-07-17 | 37.86% |
| 2026-07-16 | 37.86% |
| 2026-07-15 | 37.86% |
| 2026-07-14 | 37.86% |
| 2026-07-13 | 37.86% |
| 2026-07-10 | 37.86% |
| 2026-07-09 | 37.86% |
| 2026-07-08 | 37.86% |
| 2026-07-07 | 37.87% |
| 2026-07-06 | 37.86% |
| 2026-07-02 | 37.86% |
| 2026-07-01 | 37.86% |
| 2026-06-30 | 37.86% |
| 2026-06-29 | 37.86% |
| 2026-06-26 | 47.32% |
| 2026-06-25 | 37.86% |
| 2026-06-24 | 37.86% |
| 2026-06-23 | 37.86% |
| 2026-06-22 | 37.86% |
| 2026-06-18 | 37.86% |
| 2026-06-17 | 37.86% |
| 2026-06-16 | 37.86% |
| 2026-06-15 | 37.86% |
| 2026-06-12 | 37.86% |
| 2026-06-11 | 37.86% |
| 2026-06-10 | 37.86% |
| 2026-06-09 | 37.86% |
| 2026-06-08 | 37.86% |
| 2026-06-05 | 37.86% |
| 2026-06-04 | 37.86% |
| 2026-06-03 | 37.86% |
| 2026-06-02 | 37.86% |
| 2026-06-01 | 37.86% |
| 2026-05-29 | 37.87% |
| 2026-05-28 | 37.87% |
| 2026-05-27 | 37.87% |
| 2026-05-26 | 37.87% |
| 2026-05-22 | 37.87% |
| 2026-05-21 | 37.86% |
| 2026-05-20 | 37.86% |
| 2026-05-19 | 37.86% |
| 2026-05-18 | 37.86% |
| 2026-05-15 | 37.86% |
| 2026-05-14 | 37.86% |
| 2026-05-13 | 37.86% |
| 2026-05-12 | 37.86% |
| 2026-05-11 | 37.86% |
| 2026-05-08 | 37.86% |
| 2026-05-07 | 37.86% |
| 2026-05-06 | 37.87% |
| 2026-05-05 | 37.86% |
| 2026-05-04 | 37.86% |
| 2026-05-01 | 37.87% |
| 2026-04-30 | 37.86% |
| 2026-04-29 | 37.86% |
| 2026-04-28 | 36.04% |
| 2026-04-27 | 36.05% |
| 2026-04-24 | 36.05% |
| 2026-04-23 | 36.05% |
| 2026-04-22 | 36.05% |
| 2026-04-21 | 36.04% |
| 2026-04-20 | 36.05% |
| 2026-04-17 | 36.05% |
| 2026-04-16 | 36.04% |
| 2026-04-15 | 36.05% |
| 2026-04-14 | 36.05% |
| 2026-04-13 | 36.06% |
| 2026-04-10 | 36.05% |
| 2026-04-09 | 36.04% |
| 2026-04-08 | 36.04% |
| 2026-04-07 | 36.06% |
| 2026-04-06 | 36.05% |
| 2026-04-02 | 36.05% |
| 2026-04-01 | 36.05% |
| 2026-03-31 | 36.06% |
| 2026-03-30 | 36.04% |
| 2026-03-27 | 45.06% |
| 2026-03-26 | 36.06% |
| 2026-03-25 | 36.04% |
| 2026-03-24 | 36.05% |
| 2026-03-23 | 36.06% |
| 2026-03-20 | 36.05% |
| 2026-03-19 | 36.05% |
| 2026-03-18 | 36.04% |
| 2026-03-17 | 36.05% |
| 2026-03-16 | 36.05% |
| 2026-03-13 | 36.06% |
| 2026-03-12 | 36.06% |
| 2026-03-11 | 36.05% |
| 2026-03-10 | 36.05% |
| 2026-03-09 | 36.05% |
| 2026-03-06 | 36.04% |
| 2026-03-05 | 36.06% |
| 2026-03-04 | 36.06% |
| 2026-03-03 | 36.05% |
| 2026-03-02 | 36.05% |
| 2026-02-27 | 36.04% |
| 2026-02-26 | 36.06% |
| 2026-02-25 | 36.05% |
| 2026-02-24 | 36.04% |
| 2026-02-23 | 36.05% |
| 2026-02-20 | 36.05% |
| 2026-02-19 | 36.05% |
| 2026-02-18 | 33.18% |
| 2026-02-17 | 33.18% |
| 2026-02-13 | 33.17% |
| 2026-02-12 | 33.18% |
| 2026-02-11 | 33.18% |
| 2026-02-10 | 33.17% |
| 2026-02-09 | 33.18% |
| 2026-02-06 | 33.18% |
| 2026-02-05 | 33.18% |
| 2026-02-04 | 33.18% |
| 2026-02-03 | 33.18% |
| 2026-02-02 | 33.17% |
| 2026-01-30 | 33.17% |
| 2026-01-29 | 33.17% |
| 2026-01-28 | 33.17% |
| 2026-01-27 | 33.18% |
| 2026-01-26 | 33.18% |
| 2026-01-23 | 33.18% |
| 2026-01-22 | 33.18% |
| 2026-01-21 | 33.18% |
| 2026-01-20 | 33.18% |
| 2026-01-16 | 33.17% |
| 2026-01-15 | 33.17% |
| 2026-01-14 | 33.17% |
| 2026-01-13 | 33.18% |
| 2026-01-12 | 33.17% |
| 2026-01-09 | 33.18% |
| 2026-01-08 | 33.17% |
| 2026-01-07 | 33.18% |
| 2026-01-06 | 33.18% |
| 2026-01-05 | 33.18% |
| 2026-01-02 | 33.18% |
| 2025-12-31 | 33.17% |
| 2025-12-30 | 41.47% |
| 2025-12-29 | 41.47% |
| 2025-12-26 | 41.48% |
| 2025-12-24 | 33.18% |
| 2025-12-23 | 33.18% |
| 2025-12-22 | 33.18% |
| 2025-12-19 | 33.18% |
| 2025-12-18 | 33.18% |
| 2025-12-17 | 33.17% |
| 2025-12-16 | 33.17% |
| 2025-12-15 | 33.18% |
| 2025-12-12 | 33.18% |
| 2025-12-11 | 33.18% |
| 2025-12-10 | 33.17% |
| 2025-12-09 | 33.18% |
| 2025-12-08 | 33.18% |
| 2025-12-05 | 33.18% |
| 2025-12-04 | 33.17% |
| 2025-12-03 | 33.18% |
| 2025-12-02 | 33.18% |
| 2025-12-01 | 33.17% |
| 2025-11-28 | 33.17% |
| 2025-11-26 | 33.17% |
| 2025-11-25 | 33.17% |
| 2025-11-24 | 33.18% |
| 2025-11-21 | 33.17% |
| 2025-11-20 | 33.18% |
| 2025-11-19 | 33.17% |
| 2025-11-18 | 33.18% |
| 2025-11-17 | 33.18% |
| 2025-11-14 | 33.17% |
| 2025-11-13 | 33.18% |
| 2025-11-12 | 33.18% |
| 2025-11-11 | 33.18% |
| 2025-11-10 | 33.17% |
| 2025-11-07 | 33.18% |
| 2025-11-06 | 33.17% |
| 2025-11-05 | 33.18% |
| 2025-11-04 | 27.17% |
| 2025-11-03 | 27.16% |
| 2025-10-31 | 27.17% |
| 2025-10-30 | 27.17% |
| 2025-10-29 | 27.17% |
| 2025-10-28 | 27.16% |
| 2025-10-27 | 27.17% |
| 2025-10-24 | 27.17% |
| 2025-10-23 | 27.17% |
| 2025-10-22 | 27.17% |
| 2025-10-21 | 27.17% |
| 2025-10-20 | 27.17% |
| 2025-10-17 | 27.17% |
| 2025-10-16 | 27.16% |
| 2025-10-15 | 27.17% |
| 2025-10-14 | 27.17% |
| 2025-10-13 | 27.17% |
| 2025-10-10 | 27.17% |
| 2025-10-09 | 27.17% |
| 2025-10-08 | 27.16% |
| 2025-10-07 | 27.17% |
| 2025-10-06 | 27.17% |
| 2025-10-03 | 27.16% |
| 2025-10-02 | 27.16% |
| 2025-10-01 | 27.17% |
| 2025-09-30 | 27.17% |
| 2025-09-29 | 33.96% |
| 2025-09-26 | 33.97% |
| 2025-09-25 | 27.17% |
| 2025-09-24 | 27.17% |
| 2025-09-23 | 27.17% |
| 2025-09-22 | 27.17% |
| 2025-09-19 | 27.17% |
| 2025-09-18 | 27.17% |
| 2025-09-17 | 27.16% |
| 2025-09-16 | 27.17% |
| 2025-09-15 | 27.17% |
| 2025-09-12 | 27.17% |
| 2025-09-11 | 27.17% |
| 2025-09-10 | 27.17% |
| 2025-09-09 | 27.16% |
| 2025-09-08 | 27.17% |
| 2025-09-05 | 27.17% |
| 2025-09-04 | 27.16% |
| 2025-09-03 | 27.16% |
| 2025-09-02 | 27.17% |
| 2025-08-29 | 27.16% |
| 2025-08-28 | 27.17% |
| 2025-08-27 | 27.16% |
| 2025-08-26 | 27.17% |
| 2025-08-25 | 27.17% |
| 2025-08-22 | 27.17% |
| 2025-08-21 | 27.17% |
| 2025-08-20 | 27.17% |
| 2025-08-19 | 27.17% |
| 2025-08-18 | 27.17% |
| 2025-08-15 | 27.17% |
| 2025-08-14 | 27.17% |
| 2025-08-13 | 27.17% |
| 2025-08-12 | 27.17% |
| 2025-08-11 | 27.17% |
| 2025-08-08 | 27.17% |
| 2025-08-07 | 27.17% |
| 2025-08-06 | 27.16% |
| 2025-08-05 | 27.17% |
| 2025-08-04 | 27.16% |
| 2025-08-01 | 27.17% |
| 2025-07-31 | 27.17% |
| 2025-07-30 | 27.17% |
| 2025-07-29 | 25.02% |
| 2025-07-28 | 25.01% |
| 2025-07-25 | 25.02% |
| 2025-07-24 | 25.02% |
| 2025-07-23 | 25.02% |
| 2025-07-22 | 25.01% |
| 2025-07-21 | 25.02% |
| 2025-07-18 | 25.02% |
| 2025-07-17 | 25.02% |
| 2025-07-16 | 25.02% |
| 2025-07-15 | 25.01% |
| 2025-07-14 | 25.01% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 9.8% |
| 2019 | $20.19 | $2.20 | 10.9% |
| 2018 | $12.24 | $2.00 | 16.3% |
| 2017 | $16.94 | $1.89 | 11.2% |
| 2016 | $4.11 | $0.87 | 21.2% |
| 2015 | $8.54 | $1.15 | 13.5% |
| 2014 | $7.44 | $1.11 | 14.9% |
| 2013 | $7.82 | $1.07 | 13.7% |
| 2012 | $7.57 | $1.03 | 13.6% |
| 2011 | $8.58 | $0.75 | 8.7% |
| 2010 | $6.55 | $0.00 | 0.0% |
| 2009 | $6.21 | $0.00 | 0.0% |
| 2008 | $3.87 | $0.00 | 0.0% |
| 2007 | $5.00 | $0.00 | 0.0% |
| 2006 | $2.97 | $0.00 | 0.0% |
| 2005 | $1.91 | $0.00 | 0.0% |
| 2004 | $1.75 | $0.00 | 0.0% |
| 2003 | $1.41 | $0.00 | 0.0% |
| 2002 | $0.85 | $0.00 | 0.0% |
| 2001 | $0.71 | $0.00 | 0.0% |
| 2000 | $0.54 | $0.00 | 0.0% |
| 1999 | ($2.28) | $0.00 | N/A (Loss) |
| 1998 | $0.77 | $0.00 | 0.0% |
| 1997 | $1.06 | $0.00 | 0.0% |
| 1996 | $0.07 | $0.00 | 0.0% |
