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 50.86% is in line with its 5-year average of 56.06%, near the low end of its 5-year range (34.03%–92.96%).
As of Tuesday, September 8, 2026. 23.51% below its 12-month average of 66.49%.
Dividend Payout Ratio (50.86%) = TTM Dividends/Share ($13.80) / TTM EPS ($27.13)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-08.
DIVIDEND PAYOUT RATIO
50.86%
DIVIDEND PAYOUT RATIO AVG TTM
66.49%
DIVIDEND PAYOUT RATIO AVG 3Y
58.56%
DIVIDEND PAYOUT RATIO AVG 5Y
56.06%
DIVIDEND PAYOUT RATIO AVG 10Y
53.03%
DIVIDEND PAYOUT RATIO AVG 15Y
51.16%
DIVIDEND PAYOUT RATIO AVG 20Y
45.21%
CURRENT VS TTM AVG
-23.51%
CURRENT VS 3Y AVG
-13.15%
CURRENT VS 5Y AVG
-9.28%
CURRENT VS 10Y AVG
-4.09%
CURRENT VS 15Y AVG
-0.59%
CURRENT VS 20Y AVG
+12.50%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $21.56 | $13.35 | 61.9% |
| 2024-12-31 | $22.39 | $12.75 | 56.9% |
| 2023-12-31 | $27.65 | $12.15 | 43.9% |
| 2022-12-31 | $21.74 | $11.40 | 52.4% |
| 2021-12-31 | $22.85 | $10.60 | 46.4% |
| 2020-12-31 | $24.40 |
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 |
|---|---|
| 2026-09-08 | 50.86% |
| 2026-09-04 | 50.86% |
| 2026-09-03 | 50.86% |
| 2026-09-02 | 50.86% |
| 2026-09-01 | 63.03% |
| 2026-08-31 | 50.32% |
| 2026-08-28 | 50.31% |
| 2026-08-27 | 50.32% |
| 2026-08-26 | 50.32% |
| 2026-08-25 | 50.31% |
| 2026-08-24 | 50.30% |
| 2026-08-21 | 50.31% |
| 2026-08-20 | 50.30% |
| 2026-08-19 | 50.32% |
| 2026-08-18 | 50.31% |
| 2026-08-17 | 50.30% |
| 2026-08-14 | 50.32% |
| 2026-08-13 | 50.31% |
| 2026-08-12 | 50.31% |
| 2026-08-11 | 50.31% |
| 2026-08-10 | 50.31% |
| 2026-08-07 | 50.31% |
| 2026-08-06 | 50.30% |
| 2026-08-05 | 50.31% |
| 2026-08-04 | 50.31% |
| 2026-08-03 | 50.31% |
| 2026-07-31 | 50.31% |
| 2026-07-30 | 50.31% |
| 2026-07-29 | 50.31% |
| 2026-07-28 | 50.32% |
| 2026-07-27 | 50.32% |
| 2026-07-24 | 50.30% |
| 2026-07-23 | 50.32% |
| 2026-07-22 | 66.11% |
| 2026-07-21 | 66.11% |
| 2026-07-20 | 66.11% |
| 2026-07-17 | 66.11% |
| 2026-07-16 | 66.11% |
| 2026-07-15 | 66.09% |
| 2026-07-14 | 66.10% |
| 2026-07-13 | 66.09% |
| 2026-07-10 | 66.11% |
| 2026-07-09 | 66.11% |
| 2026-07-08 | 66.11% |
| 2026-07-07 | 66.11% |
| 2026-07-06 | 66.09% |
| 2026-07-02 | 66.11% |
| 2026-07-01 | 66.10% |
| 2026-06-30 | 66.10% |
| 2026-06-29 | 66.09% |
| 2026-06-26 | 66.10% |
| 2026-06-25 | 66.11% |
| 2026-06-24 | 66.11% |
| 2026-06-23 | 66.10% |
| 2026-06-22 | 66.09% |
| 2026-06-18 | 66.09% |
| 2026-06-17 | 66.11% |
| 2026-06-16 | 66.09% |
| 2026-06-15 | 66.09% |
| 2026-06-12 | 66.11% |
| 2026-06-11 | 66.10% |
| 2026-06-10 | 66.09% |
| 2026-06-09 | 66.10% |
| 2026-06-08 | 66.09% |
| 2026-06-05 | 66.09% |
| 2026-06-04 | 66.11% |
| 2026-06-03 | 66.11% |
| 2026-06-02 | 66.09% |
| 2026-06-01 | 82.08% |
| 2026-05-29 | 65.38% |
| 2026-05-28 | 65.39% |
| 2026-05-27 | 65.37% |
| 2026-05-26 | 65.38% |
| 2026-05-22 | 65.37% |
| 2026-05-21 | 65.38% |
| 2026-05-20 | 65.38% |
| 2026-05-19 | 65.37% |
| 2026-05-18 | 65.37% |
| 2026-05-15 | 65.38% |
| 2026-05-14 | 65.37% |
| 2026-05-13 | 65.38% |
| 2026-05-12 | 65.38% |
| 2026-05-11 | 65.39% |
| 2026-05-08 | 65.38% |
| 2026-05-07 | 65.36% |
| 2026-05-06 | 65.37% |
| 2026-05-05 | 65.39% |
| 2026-05-04 | 65.37% |
| 2026-05-01 | 65.37% |
| 2026-04-30 | 65.37% |
| 2026-04-29 | 65.38% |
| 2026-04-28 | 65.38% |
| 2026-04-27 | 65.39% |
| 2026-04-24 | 65.36% |
| 2026-04-23 | 65.39% |
| 2026-04-22 | 62.83% |
| 2026-04-21 | 62.81% |
| 2026-04-20 | 62.82% |
| 2026-04-17 | 62.83% |
| 2026-04-16 | 62.82% |
| 2026-04-15 | 62.83% |
| 2026-04-14 | 62.82% |
| 2026-04-13 | 62.83% |
| 2026-04-10 | 62.82% |
| 2026-04-09 | 62.82% |
| 2026-04-08 | 62.83% |
| 2026-04-07 | 62.82% |
| 2026-04-06 | 62.81% |
| 2026-04-02 | 62.82% |
| 2026-04-01 | 62.82% |
| 2026-03-31 | 62.81% |
| 2026-03-30 | 62.81% |
| 2026-03-27 | 62.83% |
| 2026-03-26 | 62.82% |
| 2026-03-25 | 62.83% |
| 2026-03-24 | 62.81% |
| 2026-03-23 | 62.83% |
| 2026-03-20 | 62.83% |
| 2026-03-19 | 62.83% |
| 2026-03-18 | 62.83% |
| 2026-03-17 | 62.82% |
| 2026-03-16 | 62.81% |
| 2026-03-13 | 62.82% |
| 2026-03-12 | 62.82% |
| 2026-03-11 | 62.82% |
| 2026-03-10 | 62.81% |
| 2026-03-09 | 62.83% |
| 2026-03-06 | 62.82% |
| 2026-03-05 | 62.82% |
| 2026-03-04 | 62.82% |
| 2026-03-03 | 62.83% |
| 2026-03-02 | 78.18% |
| 2026-02-27 | 62.12% |
| 2026-02-26 | 62.13% |
| 2026-02-25 | 62.12% |
| 2026-02-24 | 62.13% |
| 2026-02-23 | 62.12% |
| 2026-02-20 | 62.12% |
| 2026-02-19 | 62.11% |
| 2026-02-18 | 62.13% |
| 2026-02-17 | 62.13% |
| 2026-02-13 | 62.13% |
| 2026-02-12 | 62.12% |
| 2026-02-11 | 62.13% |
| 2026-02-10 | 62.13% |
| 2026-02-09 | 62.12% |
| 2026-02-06 | 62.13% |
| 2026-02-05 | 62.13% |
| 2026-02-04 | 62.13% |
| 2026-02-03 | 62.11% |
| 2026-02-02 | 62.13% |
| 2026-01-30 | 62.12% |
| 2026-01-29 | 62.13% |
| 2026-01-28 | 74.54% |
| 2026-01-27 | 74.54% |
| 2026-01-26 | 74.55% |
| 2026-01-23 | 74.54% |
| 2026-01-22 | 74.54% |
| 2026-01-21 | 74.53% |
| 2026-01-20 | 74.53% |
| 2026-01-16 | 74.54% |
| 2026-01-15 | 74.55% |
| 2026-01-14 | 74.55% |
| 2026-01-13 | 74.53% |
| 2026-01-12 | 74.54% |
| 2026-01-09 | 74.53% |
| 2026-01-08 | 74.55% |
| 2026-01-07 | 74.53% |
| 2026-01-06 | 74.54% |
| 2026-01-05 | 74.53% |
| 2026-01-02 | 74.53% |
| 2025-12-31 | 74.55% |
| 2025-12-30 | 74.55% |
| 2025-12-29 | 74.55% |
| 2025-12-26 | 74.54% |
| 2025-12-24 | 74.53% |
| 2025-12-23 | 74.53% |
| 2025-12-22 | 74.54% |
| 2025-12-19 | 74.53% |
| 2025-12-18 | 74.54% |
| 2025-12-17 | 74.54% |
| 2025-12-16 | 74.55% |
| 2025-12-15 | 74.55% |
| 2025-12-12 | 74.53% |
| 2025-12-11 | 74.53% |
| 2025-12-10 | 74.55% |
| 2025-12-09 | 74.54% |
| 2025-12-08 | 74.53% |
| 2025-12-05 | 74.54% |
| 2025-12-04 | 74.53% |
| 2025-12-03 | 74.55% |
| 2025-12-02 | 74.54% |
| 2025-12-01 | 92.96% |
| 2025-11-28 | 73.69% |
| 2025-11-26 | 73.71% |
| 2025-11-25 | 73.70% |
| 2025-11-24 | 73.69% |
| 2025-11-21 | 73.71% |
| 2025-11-20 | 73.72% |
| 2025-11-19 | 73.71% |
| 2025-11-18 | 73.71% |
| 2025-11-17 | 73.71% |
| 2025-11-14 | 73.71% |
| 2025-11-13 | 73.70% |
| 2025-11-12 | 73.71% |
| 2025-11-11 | 73.70% |
| 2025-11-10 | 73.69% |
| 2025-11-07 | 73.70% |
| 2025-11-06 | 73.70% |
| 2025-11-05 | 73.71% |
| 2025-11-04 | 73.71% |
| 2025-11-03 | 73.69% |
| 2025-10-31 | 73.69% |
| 2025-10-30 | 73.69% |
| 2025-10-29 | 73.71% |
| 2025-10-28 | 73.69% |
| 2025-10-27 | 73.71% |
| 2025-10-24 | 73.69% |
| 2025-10-23 | 73.70% |
| 2025-10-22 | 73.70% |
| 2025-10-21 | 73.70% |
| 2025-10-20 | 74.34% |
| 2025-10-17 | 74.32% |
| 2025-10-16 | 74.32% |
| 2025-10-15 | 74.32% |
| 2025-10-14 | 74.31% |
| 2025-10-13 | 74.33% |
| 2025-10-10 | 74.33% |
| 2025-10-09 | 74.32% |
| 2025-10-08 | 74.32% |
| 2025-10-07 | 74.33% |
| 2025-10-06 | 74.31% |
| 2025-10-03 | 74.33% |
| 2025-10-02 | 74.33% |
| 2025-10-01 | 74.33% |
| 2025-09-30 | 74.33% |
| 2025-09-29 | 74.32% |
| 2025-09-26 | 74.34% |
| 2025-09-25 | 74.32% |
| 2025-09-24 | 74.33% |
| 2025-09-23 | 74.32% |
| 2025-09-22 | 74.33% |
| 2025-09-19 | 74.33% |
| 2025-09-18 | 74.33% |
| 2025-09-17 | 74.33% |
| 2025-09-16 | 74.33% |
| 2025-09-15 | 74.33% |
| 2025-09-12 | 74.33% |
| 2025-09-11 | 74.34% |
| 2025-09-10 | 74.33% |
| 2025-09-09 | 74.34% |
| 2025-09-08 | 74.32% |
| 2025-09-05 | 74.32% |
| 2025-09-04 | 74.31% |
| 2025-09-03 | 74.31% |
| 2025-09-02 | 92.07% |
| 2025-08-29 | 73.47% |
| 2025-08-28 | 73.49% |
| 2025-08-27 | 73.48% |
| 2025-08-26 | 73.49% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| $9.80 |
| 40.2% |
| 2019-12-31 | $22.09 | $9.00 | 40.7% |
| 2018-12-31 | $17.74 | $8.20 | 46.2% |
| 2017-12-31 | $6.96 | $7.46 | 107.2% |
| 2016-12-31 | $17.71 | $6.77 | 38.2% |
| 2015-12-31 | $11.62 | $6.15 | 52.9% |
| 2014-12-31 | $11.41 | $5.49 | 48.1% |
| 2013-12-31 | $9.29 | $4.78 | 51.5% |
| 2012-12-31 | $8.48 | $4.15 | 48.9% |
| 2011-12-31 | $7.90 | $3.25 | 41.1% |
| 2010-12-31 | $8.03 | $2.64 | 32.9% |
| 2009-12-31 | $7.86 | $2.34 | 29.8% |
| 2008-12-31 | $8.05 | $1.83 | 22.7% |
| 2007-12-31 | $7.29 | $1.47 | 20.2% |
| 2006-12-31 | $5.91 | $1.25 | 21.2% |
| 2005-12-31 | $4.14 | $1.05 | 25.4% |
| 2004-12-31 | $2.86 | $0.91 | 31.8% |
| 2003-12-31 | $2.36 | $0.57 | 24.2% |
| 2002-12-31 | $1.12 | $0.44 | 39.3% |
| 2001-12-31 | ($2.45) | $0.44 | N/A (Loss) |
| 2000-12-31 | ($1.29) | $0.44 | N/A (Loss) |
| 1999-12-31 | $1.00 | $0.88 | 88.0% |
| 1998-12-31 | $2.66 | $0.82 | 30.8% |
| 1997-12-31 | $3.51 | $0.80 | 22.8% |
| 1996-12-31 | $3.56 | $0.80 | 22.5% |
