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 38.16% is 37% above its 5-year average of 27.90%, around the middle of its 5-year range (18.05%–46.96%).
As of Monday, October 5, 2026. 9.95% above its 12-month average of 34.70%.
Dividend Payout Ratio (38.16%) = TTM Dividends/Share ($1.95) / TTM EPS ($5.11)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
38.16%
DIVIDEND PAYOUT RATIO AVG TTM
34.70%
DIVIDEND PAYOUT RATIO AVG 3Y
32.17%
DIVIDEND PAYOUT RATIO AVG 5Y
27.90%
DIVIDEND PAYOUT RATIO AVG 10Y
30.02%
DIVIDEND PAYOUT RATIO AVG 15Y
40.45%
DIVIDEND PAYOUT RATIO AVG 20Y
41.94%
CURRENT VS TTM AVG
+9.95%
CURRENT VS 3Y AVG
+18.62%
CURRENT VS 5Y AVG
+36.77%
CURRENT VS 10Y AVG
+27.13%
CURRENT VS 15Y AVG
-5.66%
CURRENT VS 20Y AVG
-9.03%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $5.71 | $1.80 | 31.5% |
| 2024-12-31 | $5.30 | $1.50 | 28.3% |
| 2023-12-31 | $4.51 | $1.20 | 26.6% |
| 2022-12-31 | $6.00 | $1.08 | 18.0% |
| 2021-12-31 | $5.23 | $1.08 | 20.7% |
| 2020-12-31 | ($0.54) |
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 | 38.16% |
| 2026-10-02 | 38.15% |
| 2026-10-01 | 38.17% |
| 2026-09-30 | 38.17% |
| 2026-09-29 | 38.16% |
| 2026-09-28 | 38.15% |
| 2026-09-25 | 38.16% |
| 2026-09-24 | 38.16% |
| 2026-09-23 | 38.17% |
| 2026-09-22 | 38.17% |
| 2026-09-21 | 38.16% |
| 2026-09-18 | 38.17% |
| 2026-09-17 | 38.16% |
| 2026-09-16 | 38.16% |
| 2026-09-15 | 38.16% |
| 2026-09-14 | 38.17% |
| 2026-09-11 | 38.17% |
| 2026-09-10 | 38.16% |
| 2026-09-09 | 38.17% |
| 2026-09-08 | 38.16% |
| 2026-09-04 | 46.96% |
| 2026-09-03 | 37.17% |
| 2026-09-02 | 37.19% |
| 2026-09-01 | 37.18% |
| 2026-08-31 | 37.19% |
| 2026-08-28 | 37.18% |
| 2026-08-27 | 37.19% |
| 2026-08-26 | 37.18% |
| 2026-08-25 | 37.18% |
| 2026-08-24 | 37.18% |
| 2026-08-21 | 37.18% |
| 2026-08-20 | 37.19% |
| 2026-08-19 | 37.19% |
| 2026-08-18 | 37.17% |
| 2026-08-17 | 37.19% |
| 2026-08-14 | 37.18% |
| 2026-08-13 | 37.18% |
| 2026-08-12 | 37.19% |
| 2026-08-11 | 37.19% |
| 2026-08-10 | 37.18% |
| 2026-08-07 | 37.19% |
| 2026-08-06 | 38.93% |
| 2026-08-05 | 38.94% |
| 2026-08-04 | 38.93% |
| 2026-08-03 | 38.92% |
| 2026-07-31 | 38.94% |
| 2026-07-30 | 38.93% |
| 2026-07-29 | 38.92% |
| 2026-07-28 | 38.94% |
| 2026-07-27 | 38.93% |
| 2026-07-24 | 38.92% |
| 2026-07-23 | 38.94% |
| 2026-07-22 | 38.95% |
| 2026-07-21 | 38.92% |
| 2026-07-20 | 38.94% |
| 2026-07-17 | 38.94% |
| 2026-07-16 | 38.93% |
| 2026-07-15 | 38.94% |
| 2026-07-14 | 38.94% |
| 2026-07-13 | 38.93% |
| 2026-07-10 | 38.93% |
| 2026-07-09 | 38.94% |
| 2026-07-08 | 38.93% |
| 2026-07-07 | 38.94% |
| 2026-07-06 | 38.94% |
| 2026-07-02 | 38.94% |
| 2026-07-01 | 38.92% |
| 2026-06-30 | 38.93% |
| 2026-06-29 | 38.94% |
| 2026-06-26 | 38.93% |
| 2026-06-25 | 38.94% |
| 2026-06-24 | 38.94% |
| 2026-06-23 | 38.94% |
| 2026-06-22 | 38.92% |
| 2026-06-18 | 38.93% |
| 2026-06-17 | 38.94% |
| 2026-06-16 | 38.94% |
| 2026-06-15 | 38.94% |
| 2026-06-12 | 38.94% |
| 2026-06-11 | 38.94% |
| 2026-06-10 | 38.94% |
| 2026-06-09 | 38.92% |
| 2026-06-08 | 38.93% |
| 2026-06-05 | 38.94% |
| 2026-06-04 | 37.92% |
| 2026-06-03 | 37.92% |
| 2026-06-02 | 37.92% |
| 2026-06-01 | 37.91% |
| 2026-05-29 | 37.91% |
| 2026-05-28 | 37.92% |
| 2026-05-27 | 37.92% |
| 2026-05-26 | 37.92% |
| 2026-05-22 | 37.90% |
| 2026-05-21 | 37.91% |
| 2026-05-20 | 37.91% |
| 2026-05-19 | 37.91% |
| 2026-05-18 | 37.90% |
| 2026-05-15 | 37.92% |
| 2026-05-14 | 37.91% |
| 2026-05-13 | 37.91% |
| 2026-05-12 | 37.90% |
| 2026-05-11 | 37.90% |
| 2026-05-08 | 37.91% |
| 2026-05-07 | 32.57% |
| 2026-05-06 | 32.56% |
| 2026-05-05 | 32.56% |
| 2026-05-04 | 32.57% |
| 2026-05-01 | 32.58% |
| 2026-04-30 | 32.58% |
| 2026-04-29 | 32.57% |
| 2026-04-28 | 32.58% |
| 2026-04-27 | 32.57% |
| 2026-04-24 | 32.58% |
| 2026-04-23 | 32.57% |
| 2026-04-22 | 32.58% |
| 2026-04-21 | 32.58% |
| 2026-04-20 | 32.57% |
| 2026-04-17 | 32.56% |
| 2026-04-16 | 32.56% |
| 2026-04-15 | 32.57% |
| 2026-04-14 | 32.57% |
| 2026-04-13 | 32.58% |
| 2026-04-10 | 32.58% |
| 2026-04-09 | 32.57% |
| 2026-04-08 | 32.58% |
| 2026-04-07 | 32.56% |
| 2026-04-06 | 32.56% |
| 2026-04-02 | 32.57% |
| 2026-04-01 | 32.58% |
| 2026-03-31 | 32.58% |
| 2026-03-30 | 32.56% |
| 2026-03-27 | 32.57% |
| 2026-03-26 | 32.57% |
| 2026-03-25 | 32.57% |
| 2026-03-24 | 32.56% |
| 2026-03-23 | 32.56% |
| 2026-03-20 | 32.57% |
| 2026-03-19 | 32.57% |
| 2026-03-18 | 32.56% |
| 2026-03-17 | 32.58% |
| 2026-03-16 | 32.58% |
| 2026-03-13 | 32.57% |
| 2026-03-12 | 32.56% |
| 2026-03-11 | 32.58% |
| 2026-03-10 | 32.56% |
| 2026-03-09 | 32.56% |
| 2026-03-06 | 32.58% |
| 2026-03-05 | 32.57% |
| 2026-03-04 | 31.68% |
| 2026-03-03 | 31.69% |
| 2026-03-02 | 31.70% |
| 2026-02-27 | 31.70% |
| 2026-02-26 | 32.20% |
| 2026-02-25 | 32.20% |
| 2026-02-24 | 32.21% |
| 2026-02-23 | 32.20% |
| 2026-02-20 | 32.19% |
| 2026-02-19 | 32.20% |
| 2026-02-18 | 32.20% |
| 2026-02-17 | 32.19% |
| 2026-02-13 | 32.20% |
| 2026-02-12 | 32.20% |
| 2026-02-11 | 32.19% |
| 2026-02-10 | 32.20% |
| 2026-02-09 | 32.20% |
| 2026-02-06 | 32.20% |
| 2026-02-05 | 32.19% |
| 2026-02-04 | 32.21% |
| 2026-02-03 | 32.20% |
| 2026-02-02 | 32.21% |
| 2026-01-30 | 32.21% |
| 2026-01-29 | 32.19% |
| 2026-01-28 | 32.21% |
| 2026-01-27 | 32.19% |
| 2026-01-26 | 32.20% |
| 2026-01-23 | 32.21% |
| 2026-01-22 | 32.20% |
| 2026-01-21 | 32.20% |
| 2026-01-20 | 32.19% |
| 2026-01-16 | 32.21% |
| 2026-01-15 | 32.20% |
| 2026-01-14 | 32.19% |
| 2026-01-13 | 32.19% |
| 2026-01-12 | 32.19% |
| 2026-01-09 | 32.21% |
| 2026-01-08 | 32.21% |
| 2026-01-07 | 32.21% |
| 2026-01-06 | 32.19% |
| 2026-01-05 | 32.19% |
| 2026-01-02 | 32.20% |
| 2025-12-31 | 32.20% |
| 2025-12-30 | 32.20% |
| 2025-12-29 | 32.19% |
| 2025-12-26 | 32.21% |
| 2025-12-24 | 32.19% |
| 2025-12-23 | 32.21% |
| 2025-12-22 | 32.20% |
| 2025-12-19 | 32.19% |
| 2025-12-18 | 32.21% |
| 2025-12-17 | 32.21% |
| 2025-12-16 | 32.19% |
| 2025-12-15 | 32.21% |
| 2025-12-12 | 32.20% |
| 2025-12-11 | 32.21% |
| 2025-12-10 | 32.19% |
| 2025-12-09 | 32.21% |
| 2025-12-08 | 32.21% |
| 2025-12-05 | 32.20% |
| 2025-12-04 | 31.31% |
| 2025-12-03 | 31.31% |
| 2025-12-02 | 31.30% |
| 2025-12-01 | 31.32% |
| 2025-11-28 | 31.31% |
| 2025-11-26 | 31.30% |
| 2025-11-25 | 31.30% |
| 2025-11-24 | 31.30% |
| 2025-11-21 | 31.31% |
| 2025-11-20 | 31.30% |
| 2025-11-19 | 31.30% |
| 2025-11-18 | 31.32% |
| 2025-11-17 | 31.31% |
| 2025-11-14 | 31.32% |
| 2025-11-13 | 31.30% |
| 2025-11-12 | 31.30% |
| 2025-11-11 | 31.31% |
| 2025-11-10 | 31.32% |
| 2025-11-07 | 31.30% |
| 2025-11-06 | 31.29% |
| 2025-11-05 | 31.30% |
| 2025-11-04 | 32.24% |
| 2025-11-03 | 32.22% |
| 2025-10-31 | 32.24% |
| 2025-10-30 | 32.23% |
| 2025-10-29 | 32.23% |
| 2025-10-28 | 32.24% |
| 2025-10-27 | 32.24% |
| 2025-10-24 | 32.24% |
| 2025-10-23 | 32.22% |
| 2025-10-22 | 32.23% |
| 2025-10-21 | 32.23% |
| 2025-10-20 | 32.23% |
| 2025-10-17 | 32.23% |
| 2025-10-16 | 32.23% |
| 2025-10-15 | 32.22% |
| 2025-10-14 | 32.24% |
| 2025-10-13 | 32.23% |
| 2025-10-10 | 32.24% |
| 2025-10-09 | 32.22% |
| 2025-10-08 | 32.23% |
| 2025-10-07 | 32.22% |
| 2025-10-06 | 32.24% |
| 2025-10-03 | 32.23% |
| 2025-10-02 | 32.23% |
| 2025-10-01 | 32.22% |
| 2025-09-30 | 32.23% |
| 2025-09-29 | 32.24% |
| 2025-09-26 | 32.23% |
| 2025-09-25 | 32.24% |
| 2025-09-24 | 32.22% |
| 2025-09-23 | 32.22% |
Showing the most recent 260 of 2,558 data points. The chart above shows the full history.
| $1.08 |
| N/A (Loss) |
| 2019-12-31 | $3.72 | $1.08 | 29.0% |
| 2018-12-31 | $3.72 | $1.02 | 27.4% |
| 2017-12-31 | $2.49 | $0.96 | 38.6% |
| 2016-12-31 | $1.87 | $0.96 | 51.3% |
| 2015-12-31 | $1.64 | $0.96 | 58.5% |
| 2014-12-31 | $2.10 | $0.96 | 45.7% |
| 2013-12-31 | $1.93 | $0.96 | 49.7% |
| 2012-12-31 | $1.77 | $0.96 | 54.2% |
| 2011-12-31 | $1.16 | $0.96 | 82.8% |
| 2010-12-31 | $1.41 | $0.96 | 68.1% |
| 2009-12-31 | $2.28 | $0.96 | 42.1% |
| 2008-12-31 | $2.07 | $0.96 | 46.4% |
| 2007-12-31 | $2.31 | $0.96 | 41.6% |
| 2006-12-31 | $3.13 | $0.90 | 28.6% |
| 2005-12-31 | $1.67 | $0.72 | 43.1% |
| 2004-12-31 | $1.91 | $0.58 | 30.4% |
| 2003-12-31 | $1.71 | $0.44 | 25.7% |
| 2002-12-31 | $1.54 | $0.40 | 26.0% |
| 2001-12-31 | $1.18 | $0.37 | 31.6% |
| 2000-12-31 | $1.13 | $0.42 | 36.9% |
| 1999-12-31 | $0.97 | $0.33 | 34.4% |
| 1998-12-31 | $0.97 | $0.33 | 34.4% |
| 1997-12-31 | $0.94 | $0.33 | 35.5% |
| 1996-12-31 | $1.03 | $0.29 | 28.2% |
