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 123.37% is 38% above its 5-year average of 89.45%, near the high end of its 5-year range (49.00%–154.20%).
As of Thursday, October 1, 2026. 16.77% above its 12-month average of 105.65%.
Dividend Payout Ratio (123.37%) = TTM Dividends/Share ($3.20) / TTM EPS ($2.59)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-01.
DIVIDEND PAYOUT RATIO
123.37%
DIVIDEND PAYOUT RATIO AVG TTM
105.65%
DIVIDEND PAYOUT RATIO AVG 3Y
85.56%
DIVIDEND PAYOUT RATIO AVG 5Y
89.45%
DIVIDEND PAYOUT RATIO AVG 10Y
72.03%
DIVIDEND PAYOUT RATIO AVG 15Y
57.48%
DIVIDEND PAYOUT RATIO AVG 20Y
48.20%
CURRENT VS TTM AVG
+16.77%
CURRENT VS 3Y AVG
+44.19%
CURRENT VS 5Y AVG
+37.92%
CURRENT VS 10Y AVG
+71.29%
CURRENT VS 15Y AVG
+114.65%
CURRENT VS 20Y AVG
+155.97%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-09-27 | $3.37 | $3.14 | 93.2% |
| 2024-09-28 | $4.46 | $2.99 | 66.9% |
| 2023-09-30 | $4.10 | $2.83 | 69.1% |
| 2022-09-24 | $2.47 | $2.60 | 105.2% |
| 2021-09-25 | $2.92 | $2.99 | 102.4% |
| 2020-09-26 | $0.97 |
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 |
|---|---|
| 2026-10-01 | 123.37% |
| 2026-09-30 | 123.35% |
| 2026-09-29 | 123.34% |
| 2026-09-28 | 123.35% |
| 2026-09-25 | 123.36% |
| 2026-09-24 | 123.35% |
| 2026-09-23 | 123.35% |
| 2026-09-22 | 123.37% |
| 2026-09-21 | 123.34% |
| 2026-09-18 | 123.37% |
| 2026-09-17 | 123.36% |
| 2026-09-16 | 123.37% |
| 2026-09-15 | 154.20% |
| 2026-09-14 | 123.36% |
| 2026-09-11 | 123.37% |
| 2026-09-10 | 123.37% |
| 2026-09-09 | 123.37% |
| 2026-09-08 | 123.35% |
| 2026-09-04 | 123.34% |
| 2026-09-03 | 123.37% |
| 2026-09-02 | 123.38% |
| 2026-09-01 | 123.35% |
| 2026-08-31 | 123.35% |
| 2026-08-28 | 123.36% |
| 2026-08-27 | 123.37% |
| 2026-08-26 | 123.37% |
| 2026-08-25 | 123.34% |
| 2026-08-24 | 123.36% |
| 2026-08-21 | 123.37% |
| 2026-08-20 | 123.35% |
| 2026-08-19 | 123.35% |
| 2026-08-18 | 123.37% |
| 2026-08-17 | 123.35% |
| 2026-08-14 | 123.36% |
| 2026-08-13 | 123.34% |
| 2026-08-12 | 123.38% |
| 2026-08-11 | 123.37% |
| 2026-08-10 | 123.36% |
| 2026-08-07 | 123.36% |
| 2026-08-06 | 107.61% |
| 2026-08-05 | 107.61% |
| 2026-08-04 | 107.59% |
| 2026-08-03 | 107.60% |
| 2026-07-31 | 107.59% |
| 2026-07-30 | 107.58% |
| 2026-07-29 | 107.58% |
| 2026-07-28 | 107.61% |
| 2026-07-27 | 107.60% |
| 2026-07-24 | 107.59% |
| 2026-07-23 | 107.59% |
| 2026-07-22 | 107.62% |
| 2026-07-21 | 107.59% |
| 2026-07-20 | 107.61% |
| 2026-07-17 | 107.58% |
| 2026-07-16 | 107.58% |
| 2026-07-15 | 107.61% |
| 2026-07-14 | 107.58% |
| 2026-07-13 | 107.61% |
| 2026-07-10 | 107.60% |
| 2026-07-09 | 107.61% |
| 2026-07-08 | 107.59% |
| 2026-07-07 | 107.61% |
| 2026-07-06 | 107.61% |
| 2026-07-02 | 107.61% |
| 2026-07-01 | 107.61% |
| 2026-06-30 | 107.61% |
| 2026-06-29 | 107.59% |
| 2026-06-26 | 107.60% |
| 2026-06-25 | 107.61% |
| 2026-06-24 | 107.61% |
| 2026-06-23 | 107.61% |
| 2026-06-22 | 107.60% |
| 2026-06-18 | 107.61% |
| 2026-06-17 | 107.60% |
| 2026-06-16 | 133.84% |
| 2026-06-15 | 106.93% |
| 2026-06-12 | 106.95% |
| 2026-06-11 | 106.93% |
| 2026-06-10 | 106.91% |
| 2026-06-09 | 106.94% |
| 2026-06-08 | 106.94% |
| 2026-06-05 | 106.93% |
| 2026-06-04 | 106.94% |
| 2026-06-03 | 106.94% |
| 2026-06-02 | 106.93% |
| 2026-06-01 | 106.91% |
| 2026-05-29 | 106.95% |
| 2026-05-28 | 106.95% |
| 2026-05-27 | 106.92% |
| 2026-05-26 | 106.93% |
| 2026-05-22 | 106.94% |
| 2026-05-21 | 106.93% |
| 2026-05-20 | 106.94% |
| 2026-05-19 | 106.91% |
| 2026-05-18 | 106.94% |
| 2026-05-15 | 106.94% |
| 2026-05-14 | 106.93% |
| 2026-05-13 | 106.95% |
| 2026-05-12 | 106.91% |
| 2026-05-11 | 106.92% |
| 2026-05-08 | 106.92% |
| 2026-05-07 | 101.44% |
| 2026-05-06 | 101.43% |
| 2026-05-05 | 101.43% |
| 2026-05-04 | 101.44% |
| 2026-05-01 | 101.43% |
| 2026-04-30 | 101.42% |
| 2026-04-29 | 101.43% |
| 2026-04-28 | 101.41% |
| 2026-04-27 | 101.41% |
| 2026-04-24 | 101.42% |
| 2026-04-23 | 101.43% |
| 2026-04-22 | 101.42% |
| 2026-04-21 | 101.42% |
| 2026-04-20 | 101.43% |
| 2026-04-17 | 101.41% |
| 2026-04-16 | 101.43% |
| 2026-04-15 | 101.44% |
| 2026-04-14 | 101.43% |
| 2026-04-13 | 101.42% |
| 2026-04-10 | 101.43% |
| 2026-04-09 | 101.41% |
| 2026-04-08 | 101.43% |
| 2026-04-07 | 101.41% |
| 2026-04-06 | 101.42% |
| 2026-04-02 | 101.44% |
| 2026-04-01 | 101.43% |
| 2026-03-31 | 101.41% |
| 2026-03-30 | 101.43% |
| 2026-03-27 | 101.41% |
| 2026-03-26 | 101.44% |
| 2026-03-25 | 101.41% |
| 2026-03-24 | 101.44% |
| 2026-03-23 | 101.44% |
| 2026-03-20 | 101.41% |
| 2026-03-19 | 101.44% |
| 2026-03-18 | 101.42% |
| 2026-03-17 | 126.30% |
| 2026-03-16 | 100.79% |
| 2026-03-13 | 100.78% |
| 2026-03-12 | 100.80% |
| 2026-03-11 | 100.77% |
| 2026-03-10 | 100.79% |
| 2026-03-09 | 100.80% |
| 2026-03-06 | 100.77% |
| 2026-03-05 | 100.78% |
| 2026-03-04 | 100.78% |
| 2026-03-03 | 100.78% |
| 2026-03-02 | 100.78% |
| 2026-02-27 | 100.80% |
| 2026-02-26 | 100.77% |
| 2026-02-25 | 100.79% |
| 2026-02-24 | 100.79% |
| 2026-02-23 | 100.78% |
| 2026-02-20 | 100.79% |
| 2026-02-19 | 100.78% |
| 2026-02-18 | 100.79% |
| 2026-02-17 | 100.77% |
| 2026-02-13 | 100.77% |
| 2026-02-12 | 100.77% |
| 2026-02-11 | 100.78% |
| 2026-02-10 | 100.78% |
| 2026-02-09 | 100.77% |
| 2026-02-06 | 100.80% |
| 2026-02-05 | 94.33% |
| 2026-02-04 | 94.31% |
| 2026-02-03 | 94.33% |
| 2026-02-02 | 94.34% |
| 2026-01-30 | 94.33% |
| 2026-01-29 | 94.33% |
| 2026-01-28 | 94.33% |
| 2026-01-27 | 94.32% |
| 2026-01-26 | 94.34% |
| 2026-01-23 | 94.33% |
| 2026-01-22 | 94.33% |
| 2026-01-21 | 94.34% |
| 2026-01-20 | 94.34% |
| 2026-01-16 | 94.34% |
| 2026-01-15 | 94.31% |
| 2026-01-14 | 94.33% |
| 2026-01-13 | 94.31% |
| 2026-01-12 | 94.33% |
| 2026-01-09 | 94.32% |
| 2026-01-08 | 94.32% |
| 2026-01-07 | 94.33% |
| 2026-01-06 | 94.32% |
| 2026-01-05 | 94.33% |
| 2026-01-02 | 94.33% |
| 2025-12-31 | 94.34% |
| 2025-12-30 | 94.32% |
| 2025-12-29 | 94.34% |
| 2025-12-26 | 94.31% |
| 2025-12-24 | 94.34% |
| 2025-12-23 | 94.34% |
| 2025-12-22 | 94.32% |
| 2025-12-19 | 94.31% |
| 2025-12-18 | 94.34% |
| 2025-12-17 | 94.32% |
| 2025-12-16 | 117.59% |
| 2025-12-15 | 93.74% |
| 2025-12-12 | 93.74% |
| 2025-12-11 | 93.74% |
| 2025-12-10 | 93.74% |
| 2025-12-09 | 93.73% |
| 2025-12-08 | 93.74% |
| 2025-12-05 | 93.75% |
| 2025-12-04 | 93.72% |
| 2025-12-03 | 93.73% |
| 2025-12-02 | 93.75% |
| 2025-12-01 | 93.74% |
| 2025-11-28 | 93.74% |
| 2025-11-26 | 73.20% |
| 2025-11-25 | 73.20% |
| 2025-11-24 | 73.19% |
| 2025-11-21 | 73.20% |
| 2025-11-20 | 73.21% |
| 2025-11-19 | 73.19% |
| 2025-11-18 | 73.19% |
| 2025-11-17 | 73.20% |
| 2025-11-14 | 73.20% |
| 2025-11-13 | 73.20% |
| 2025-11-12 | 73.18% |
| 2025-11-11 | 73.20% |
| 2025-11-10 | 73.21% |
| 2025-11-07 | 73.21% |
| 2025-11-06 | 73.18% |
| 2025-11-05 | 73.20% |
| 2025-11-04 | 73.20% |
| 2025-11-03 | 73.21% |
| 2025-10-31 | 73.19% |
| 2025-10-30 | 73.19% |
| 2025-10-29 | 73.20% |
| 2025-10-28 | 73.18% |
| 2025-10-27 | 73.19% |
| 2025-10-24 | 73.20% |
| 2025-10-23 | 73.18% |
| 2025-10-22 | 73.19% |
| 2025-10-21 | 73.18% |
| 2025-10-20 | 73.20% |
| 2025-10-17 | 73.20% |
| 2025-10-16 | 73.20% |
| 2025-10-15 | 73.21% |
| 2025-10-14 | 73.19% |
| 2025-10-13 | 73.19% |
| 2025-10-10 | 73.19% |
| 2025-10-09 | 73.19% |
| 2025-10-08 | 73.20% |
| 2025-10-07 | 73.20% |
| 2025-10-06 | 73.20% |
| 2025-10-03 | 73.18% |
| 2025-10-02 | 73.20% |
| 2025-10-01 | 73.20% |
| 2025-09-30 | 73.20% |
| 2025-09-29 | 73.18% |
| 2025-09-26 | 73.20% |
| 2025-09-25 | 73.20% |
| 2025-09-24 | 73.20% |
| 2025-09-23 | 73.21% |
| 2025-09-22 | 73.19% |
| 2025-09-19 | 73.19% |
Showing the most recent 260 of 2,591 data points. The chart above shows the full history.
| $1.72 |
| 177.8% |
| 2019-09-30 | $5.04 | $2.00 | 39.7% |
| 2018-09-30 | $5.54 | $1.80 | 32.5% |
| 2017-09-30 | $4.23 | $1.68 | 39.7% |
| 2016-09-30 | $4.07 | $1.56 | 38.3% |
| 2015-09-30 | $3.76 | $1.44 | 38.3% |
| 2014-09-30 | $3.85 | $1.28 | 33.2% |
| 2013-09-30 | $3.43 | $0.64 | 18.7% |
| 2012-09-30 | $2.87 | $0.52 | 18.1% |
| 2011-09-30 | $2.95 | $0.47 | 15.9% |
| 2010-09-30 | $2.61 | $0.43 | 16.5% |
| 2009-09-30 | $2.23 | $0.39 | 17.5% |
| 2008-09-30 | $1.49 | $0.37 | 24.8% |
| 2007-09-30 | $1.72 | $0.34 | 19.8% |
| 2006-09-30 | $1.60 | $0.26 | 16.4% |
