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 29.09% is 14% below its 5-year average of 34.00%, near the low end of its 5-year range (24.95%–48.34%).
As of Saturday, July 25, 2026. 2.36% below its 12-month average of 29.79%.
Dividend Payout Ratio (29.09%) = TTM Dividends/Share ($4.80) / TTM EPS ($16.50)
DIVIDEND PAYOUT RATIO
29.09%
DIVIDEND PAYOUT RATIO AVG TTM
29.79%
DIVIDEND PAYOUT RATIO AVG 3Y
32.94%
DIVIDEND PAYOUT RATIO AVG 5Y
33.97%
DIVIDEND PAYOUT RATIO AVG 10Y
33.57%
DIVIDEND PAYOUT RATIO AVG 15Y
31.86%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-2.36%
CURRENT VS 3Y AVG
-11.69%
CURRENT VS 5Y AVG
-14.36%
CURRENT VS 10Y AVG
-13.35%
CURRENT VS 15Y AVG
-8.68%
CURRENT VS 20Y AVG
N/A
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $13.82 | $4.32 | 31.3% |
| 2024 | $10.58 | $3.74 | 35.3% |
| 2023 | $8.48 | $3.24 | 38.2% |
| 2022 | $7.38 | $2.82 | 38.2% |
| 2021 | $7.64 | $2.45 | 32.1% |
| 2020 | $7.00 | $2.18 |
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 | 29.09% |
| 2026-07-23 | 29.09% |
| 2026-07-22 | 29.09% |
| 2026-07-21 | 29.09% |
| 2026-07-20 | 29.10% |
| 2026-07-17 | 29.09% |
| 2026-07-16 | 29.10% |
| 2026-07-15 | 29.09% |
| 2026-07-14 | 29.10% |
| 2026-07-13 | 29.09% |
| 2026-07-10 | 29.08% |
| 2026-07-09 | 35.40% |
| 2026-07-08 | 28.12% |
| 2026-07-07 | 28.12% |
| 2026-07-06 | 28.12% |
| 2026-07-02 | 28.12% |
| 2026-07-01 | 28.13% |
| 2026-06-30 | 28.12% |
| 2026-06-29 | 28.13% |
| 2026-06-26 | 28.13% |
| 2026-06-25 | 28.12% |
| 2026-06-24 | 28.12% |
| 2026-06-23 | 28.12% |
| 2026-06-22 | 28.12% |
| 2026-06-18 | 28.12% |
| 2026-06-17 | 28.12% |
| 2026-06-16 | 28.12% |
| 2026-06-15 | 28.13% |
| 2026-06-12 | 28.12% |
| 2026-06-11 | 28.12% |
| 2026-06-10 | 28.13% |
| 2026-06-09 | 28.11% |
| 2026-06-08 | 28.13% |
| 2026-06-05 | 28.13% |
| 2026-06-04 | 28.12% |
| 2026-06-03 | 28.13% |
| 2026-06-02 | 28.12% |
| 2026-06-01 | 28.12% |
| 2026-05-29 | 28.12% |
| 2026-05-28 | 28.12% |
| 2026-05-27 | 28.12% |
| 2026-05-26 | 28.13% |
| 2026-05-22 | 28.12% |
| 2026-05-21 | 28.12% |
| 2026-05-20 | 28.12% |
| 2026-05-19 | 30.07% |
| 2026-05-18 | 30.07% |
| 2026-05-15 | 30.07% |
| 2026-05-14 | 30.08% |
| 2026-05-13 | 30.07% |
| 2026-05-12 | 30.07% |
| 2026-05-11 | 30.07% |
| 2026-05-08 | 30.07% |
| 2026-05-07 | 30.07% |
| 2026-05-06 | 30.07% |
| 2026-05-05 | 30.07% |
| 2026-05-04 | 30.08% |
| 2026-05-01 | 30.07% |
| 2026-04-30 | 30.07% |
| 2026-04-29 | 30.07% |
| 2026-04-28 | 30.07% |
| 2026-04-27 | 30.07% |
| 2026-04-24 | 30.07% |
| 2026-04-23 | 30.07% |
| 2026-04-22 | 30.08% |
| 2026-04-21 | 30.07% |
| 2026-04-20 | 30.08% |
| 2026-04-17 | 30.08% |
| 2026-04-16 | 30.07% |
| 2026-04-15 | 30.07% |
| 2026-04-14 | 30.07% |
| 2026-04-13 | 30.07% |
| 2026-04-10 | 30.07% |
| 2026-04-09 | 36.81% |
| 2026-04-08 | 29.03% |
| 2026-04-07 | 29.04% |
| 2026-04-06 | 29.04% |
| 2026-04-02 | 29.03% |
| 2026-04-01 | 29.03% |
| 2026-03-31 | 29.03% |
| 2026-03-30 | 29.03% |
| 2026-03-27 | 29.04% |
| 2026-03-26 | 29.03% |
| 2026-03-25 | 29.03% |
| 2026-03-24 | 29.04% |
| 2026-03-23 | 29.04% |
| 2026-03-20 | 29.03% |
| 2026-03-19 | 29.03% |
| 2026-03-18 | 29.04% |
| 2026-03-17 | 29.04% |
| 2026-03-16 | 29.03% |
| 2026-03-13 | 29.03% |
| 2026-03-12 | 29.03% |
| 2026-03-11 | 29.04% |
| 2026-03-10 | 29.03% |
| 2026-03-09 | 29.04% |
| 2026-03-06 | 29.03% |
| 2026-03-05 | 29.03% |
| 2026-03-04 | 29.03% |
| 2026-03-03 | 29.03% |
| 2026-03-02 | 29.04% |
| 2026-02-27 | 29.04% |
| 2026-02-26 | 29.03% |
| 2026-02-25 | 30.62% |
| 2026-02-24 | 30.62% |
| 2026-02-23 | 30.63% |
| 2026-02-20 | 30.62% |
| 2026-02-19 | 30.62% |
| 2026-02-18 | 30.62% |
| 2026-02-17 | 30.63% |
| 2026-02-13 | 30.62% |
| 2026-02-12 | 30.62% |
| 2026-02-11 | 30.62% |
| 2026-02-10 | 30.62% |
| 2026-02-09 | 30.62% |
| 2026-02-06 | 30.62% |
| 2026-02-05 | 30.62% |
| 2026-02-04 | 30.62% |
| 2026-02-03 | 30.62% |
| 2026-02-02 | 30.63% |
| 2026-01-30 | 30.62% |
| 2026-01-29 | 30.62% |
| 2026-01-28 | 30.62% |
| 2026-01-27 | 30.62% |
| 2026-01-26 | 30.62% |
| 2026-01-23 | 30.62% |
| 2026-01-22 | 30.63% |
| 2026-01-21 | 30.62% |
| 2026-01-20 | 30.63% |
| 2026-01-16 | 30.62% |
| 2026-01-15 | 30.62% |
| 2026-01-14 | 30.62% |
| 2026-01-13 | 30.62% |
| 2026-01-12 | 30.62% |
| 2026-01-09 | 37.73% |
| 2026-01-08 | 29.53% |
| 2026-01-07 | 29.53% |
| 2026-01-06 | 29.53% |
| 2026-01-05 | 29.53% |
| 2026-01-02 | 29.53% |
| 2025-12-31 | 29.53% |
| 2025-12-30 | 29.53% |
| 2025-12-29 | 29.53% |
| 2025-12-26 | 29.53% |
| 2025-12-24 | 29.53% |
| 2025-12-23 | 29.53% |
| 2025-12-22 | 29.53% |
| 2025-12-19 | 29.53% |
| 2025-12-18 | 29.53% |
| 2025-12-17 | 29.53% |
| 2025-12-16 | 29.53% |
| 2025-12-15 | 29.53% |
| 2025-12-12 | 29.53% |
| 2025-12-11 | 29.53% |
| 2025-12-10 | 29.53% |
| 2025-12-09 | 29.53% |
| 2025-12-08 | 29.53% |
| 2025-12-05 | 29.53% |
| 2025-12-04 | 29.53% |
| 2025-12-03 | 29.53% |
| 2025-12-02 | 29.53% |
| 2025-12-01 | 29.53% |
| 2025-11-28 | 29.53% |
| 2025-11-26 | 29.53% |
| 2025-11-25 | 29.53% |
| 2025-11-24 | 29.53% |
| 2025-11-21 | 29.53% |
| 2025-11-20 | 29.53% |
| 2025-11-19 | 31.44% |
| 2025-11-18 | 31.44% |
| 2025-11-17 | 31.44% |
| 2025-11-14 | 31.44% |
| 2025-11-13 | 31.44% |
| 2025-11-12 | 31.44% |
| 2025-11-11 | 31.44% |
| 2025-11-10 | 31.44% |
| 2025-11-07 | 31.44% |
| 2025-11-06 | 31.44% |
| 2025-11-05 | 31.44% |
| 2025-11-04 | 31.44% |
| 2025-11-03 | 31.44% |
| 2025-10-31 | 31.44% |
| 2025-10-30 | 31.44% |
| 2025-10-29 | 31.44% |
| 2025-10-28 | 31.44% |
| 2025-10-27 | 31.44% |
| 2025-10-24 | 31.44% |
| 2025-10-23 | 31.44% |
| 2025-10-22 | 31.44% |
| 2025-10-21 | 31.44% |
| 2025-10-20 | 31.44% |
| 2025-10-17 | 31.44% |
| 2025-10-16 | 31.44% |
| 2025-10-15 | 31.44% |
| 2025-10-14 | 31.44% |
| 2025-10-13 | 31.44% |
| 2025-10-10 | 31.44% |
| 2025-10-09 | 39.01% |
| 2025-10-08 | 30.27% |
| 2025-10-07 | 30.28% |
| 2025-10-06 | 30.28% |
| 2025-10-03 | 30.28% |
| 2025-10-02 | 30.28% |
| 2025-10-01 | 30.27% |
| 2025-09-30 | 30.28% |
| 2025-09-29 | 30.28% |
| 2025-09-26 | 30.28% |
| 2025-09-25 | 30.27% |
| 2025-09-24 | 30.28% |
| 2025-09-23 | 30.28% |
| 2025-09-22 | 30.28% |
| 2025-09-19 | 30.28% |
| 2025-09-18 | 30.27% |
| 2025-09-17 | 30.28% |
| 2025-09-16 | 30.28% |
| 2025-09-15 | 30.27% |
| 2025-09-12 | 30.28% |
| 2025-09-11 | 30.27% |
| 2025-09-10 | 30.27% |
| 2025-09-09 | 30.28% |
| 2025-09-08 | 30.28% |
| 2025-09-05 | 30.28% |
| 2025-09-04 | 30.28% |
| 2025-09-03 | 30.28% |
| 2025-09-02 | 33.76% |
| 2025-08-29 | 33.77% |
| 2025-08-28 | 33.77% |
| 2025-08-27 | 33.77% |
| 2025-08-26 | 33.76% |
| 2025-08-25 | 33.76% |
| 2025-08-22 | 33.77% |
| 2025-08-21 | 33.77% |
| 2025-08-20 | 33.77% |
| 2025-08-19 | 33.77% |
| 2025-08-18 | 33.77% |
| 2025-08-15 | 33.77% |
| 2025-08-14 | 33.77% |
| 2025-08-13 | 33.77% |
| 2025-08-12 | 33.76% |
| 2025-08-11 | 33.76% |
| 2025-08-08 | 33.77% |
| 2025-08-07 | 33.77% |
| 2025-08-06 | 33.77% |
| 2025-08-05 | 33.77% |
| 2025-08-04 | 33.77% |
| 2025-08-01 | 33.77% |
| 2025-07-31 | 33.77% |
| 2025-07-30 | 33.76% |
| 2025-07-29 | 33.77% |
| 2025-07-28 | 33.77% |
| 2025-07-25 | 33.76% |
| 2025-07-24 | 33.77% |
| 2025-07-23 | 33.77% |
| 2025-07-22 | 33.77% |
| 2025-07-21 | 33.77% |
| 2025-07-18 | 33.77% |
| 2025-07-17 | 33.76% |
| 2025-07-16 | 33.77% |
| 2025-07-15 | 33.77% |
| 2025-07-14 | 33.77% |
Showing the most recent 260 of 1,998 data points. The chart above shows the full history.
| 31.1% |
| 2019 | $5.99 | $1.94 | 32.4% |
| 2018 | $5.19 | $1.64 | 31.6% |
| 2017 | $3.78 | $1.41 | 37.3% |
| 2016 | $3.08 | $1.24 | 40.3% |
| 2015 | $1.30 | $1.05 | 80.8% |
| 2014 | $3.02 | $0.82 | 27.2% |
| 2013 | $2.89 | $0.70 | 24.2% |
| 2012 | $2.67 | $0.62 | 23.2% |
| 2011 | $2.06 | $0.15 | 7.3% |
| 2010 | $1.82 | $0.00 | 0.0% |
| 2009 | $1.39 | $0.00 | 0.0% |
| 2008 | $1.45 | $0.00 | 0.0% |
| 2007 | $1.29 | $0.00 | 0.0% |
| 2006 | $1.20 | $0.00 | 0.0% |
| 2005 | $1.03 | $0.00 | 0.0% |
| 2004 | $0.81 | $0.00 | 0.0% |
| 2003 | $0.84 | $0.00 | 0.0% |
| 2002 | $0.33 | $0.00 | 0.0% |
| 2001 | ($0.20) | $0.00 | N/A (Loss) |
| 2000 | $0.76 | $0.00 | 0.0% |
| 1999 | $1.01 | $0.00 | 0.0% |
| 1998 | ($0.04) | $0.00 | N/A (Loss) |
| 1997 | $0.25 | $0.00 | 0.0% |
| 1996 | ($0.08) | $0.00 | N/A (Loss) |
