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 40.99% is 15% above its 5-year average of 35.78%, around the middle of its 5-year range (24.32%–51.13%).
As of Saturday, July 25, 2026. 4.25% above its 12-month average of 39.32%.
Dividend Payout Ratio (40.99%) = TTM Dividends/Share ($4.85) / TTM EPS ($11.83)
DIVIDEND PAYOUT RATIO
40.99%
DIVIDEND PAYOUT RATIO AVG TTM
39.32%
DIVIDEND PAYOUT RATIO AVG 3Y
38.24%
DIVIDEND PAYOUT RATIO AVG 5Y
35.73%
DIVIDEND PAYOUT RATIO AVG 10Y
36.60%
DIVIDEND PAYOUT RATIO AVG 15Y
36.13%
DIVIDEND PAYOUT RATIO AVG 20Y
34.33%
CURRENT VS TTM AVG
+4.25%
CURRENT VS 3Y AVG
+7.20%
CURRENT VS 5Y AVG
+14.74%
CURRENT VS 10Y AVG
+12.02%
CURRENT VS 15Y AVG
+13.46%
CURRENT VS 20Y AVG
+19.42%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2026 | $11.87 | $3.65 | 30.7% |
| 2025 | $12.25 | $4.70 | 38.4% |
| 2024 | $13.24 | $4.50 | 34.0% |
| 2023 | $10.20 | $4.30 | 42.2% |
| 2022 | $12.08 | $3.70 | 30.6% |
| 2021 | $7.77 | $2.80 |
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 | 40.99% |
| 2026-07-23 | 41.00% |
| 2026-07-22 | 51.13% |
| 2026-07-21 | 40.57% |
| 2026-07-20 | 40.56% |
| 2026-07-17 | 40.57% |
| 2026-07-16 | 40.57% |
| 2026-07-15 | 40.57% |
| 2026-07-14 | 40.59% |
| 2026-07-13 | 40.58% |
| 2026-07-10 | 40.58% |
| 2026-07-09 | 40.59% |
| 2026-07-08 | 40.57% |
| 2026-07-07 | 40.57% |
| 2026-07-06 | 40.58% |
| 2026-07-02 | 40.57% |
| 2026-07-01 | 40.58% |
| 2026-06-30 | 40.58% |
| 2026-06-29 | 40.58% |
| 2026-06-26 | 40.58% |
| 2026-06-25 | 40.57% |
| 2026-06-24 | 40.58% |
| 2026-06-23 | 40.57% |
| 2026-06-22 | 40.57% |
| 2026-06-18 | 40.57% |
| 2026-06-17 | 40.58% |
| 2026-06-16 | 40.58% |
| 2026-06-15 | 40.57% |
| 2026-06-12 | 40.57% |
| 2026-06-11 | 40.58% |
| 2026-06-10 | 40.56% |
| 2026-06-09 | 40.56% |
| 2026-06-08 | 40.58% |
| 2026-06-05 | 40.57% |
| 2026-06-04 | 40.57% |
| 2026-06-03 | 40.57% |
| 2026-06-02 | 40.58% |
| 2026-06-01 | 40.58% |
| 2026-05-29 | 40.57% |
| 2026-05-28 | 40.57% |
| 2026-05-27 | 40.51% |
| 2026-05-26 | 40.51% |
| 2026-05-22 | 40.52% |
| 2026-05-21 | 40.51% |
| 2026-05-20 | 40.50% |
| 2026-05-19 | 40.51% |
| 2026-05-18 | 40.51% |
| 2026-05-15 | 40.50% |
| 2026-05-14 | 40.51% |
| 2026-05-13 | 40.50% |
| 2026-05-12 | 40.51% |
| 2026-05-11 | 40.51% |
| 2026-05-08 | 40.50% |
| 2026-05-07 | 40.50% |
| 2026-05-06 | 40.50% |
| 2026-05-05 | 40.51% |
| 2026-05-04 | 40.51% |
| 2026-05-01 | 40.51% |
| 2026-04-30 | 40.50% |
| 2026-04-29 | 40.50% |
| 2026-04-28 | 40.51% |
| 2026-04-27 | 40.51% |
| 2026-04-24 | 40.51% |
| 2026-04-23 | 40.52% |
| 2026-04-22 | 50.21% |
| 2026-04-21 | 40.09% |
| 2026-04-20 | 40.08% |
| 2026-04-17 | 40.08% |
| 2026-04-16 | 40.09% |
| 2026-04-15 | 40.08% |
| 2026-04-14 | 40.09% |
| 2026-04-13 | 40.08% |
| 2026-04-10 | 40.09% |
| 2026-04-09 | 40.08% |
| 2026-04-08 | 40.08% |
| 2026-04-07 | 40.09% |
| 2026-04-06 | 40.09% |
| 2026-04-02 | 40.09% |
| 2026-04-01 | 40.08% |
| 2026-03-31 | 40.09% |
| 2026-03-30 | 40.09% |
| 2026-03-27 | 40.09% |
| 2026-03-26 | 40.09% |
| 2026-03-25 | 40.08% |
| 2026-03-24 | 40.08% |
| 2026-03-23 | 40.09% |
| 2026-03-20 | 39.35% |
| 2026-03-19 | 39.35% |
| 2026-03-18 | 39.36% |
| 2026-03-17 | 39.35% |
| 2026-03-16 | 39.36% |
| 2026-03-13 | 39.35% |
| 2026-03-12 | 39.36% |
| 2026-03-11 | 39.35% |
| 2026-03-10 | 39.35% |
| 2026-03-09 | 39.35% |
| 2026-03-06 | 39.36% |
| 2026-03-05 | 39.35% |
| 2026-03-04 | 39.36% |
| 2026-03-03 | 39.35% |
| 2026-03-02 | 39.36% |
| 2026-02-27 | 39.35% |
| 2026-02-26 | 39.35% |
| 2026-02-25 | 39.35% |
| 2026-02-24 | 39.35% |
| 2026-02-23 | 39.35% |
| 2026-02-20 | 39.36% |
| 2026-02-19 | 39.36% |
| 2026-02-18 | 39.35% |
| 2026-02-17 | 39.35% |
| 2026-02-13 | 39.35% |
| 2026-02-12 | 39.36% |
| 2026-02-11 | 39.35% |
| 2026-02-10 | 39.35% |
| 2026-02-09 | 39.35% |
| 2026-02-06 | 39.35% |
| 2026-02-05 | 39.35% |
| 2026-02-04 | 39.35% |
| 2026-02-03 | 39.35% |
| 2026-02-02 | 39.35% |
| 2026-01-30 | 39.36% |
| 2026-01-29 | 39.35% |
| 2026-01-28 | 39.35% |
| 2026-01-27 | 39.36% |
| 2026-01-26 | 39.35% |
| 2026-01-23 | 39.36% |
| 2026-01-22 | 39.35% |
| 2026-01-21 | 48.88% |
| 2026-01-20 | 38.94% |
| 2026-01-16 | 38.95% |
| 2026-01-15 | 38.94% |
| 2026-01-14 | 38.94% |
| 2026-01-13 | 38.94% |
| 2026-01-12 | 38.93% |
| 2026-01-09 | 38.94% |
| 2026-01-08 | 38.95% |
| 2026-01-07 | 38.93% |
| 2026-01-06 | 38.94% |
| 2026-01-05 | 38.94% |
| 2026-01-02 | 38.93% |
| 2025-12-31 | 38.94% |
| 2025-12-30 | 38.94% |
| 2025-12-29 | 38.94% |
| 2025-12-26 | 38.95% |
| 2025-12-24 | 38.93% |
| 2025-12-23 | 38.94% |
| 2025-12-22 | 38.95% |
| 2025-12-19 | 38.94% |
| 2025-12-18 | 38.93% |
| 2025-12-17 | 38.93% |
| 2025-12-16 | 38.94% |
| 2025-12-15 | 38.94% |
| 2025-12-12 | 38.94% |
| 2025-12-11 | 38.93% |
| 2025-12-10 | 38.94% |
| 2025-12-09 | 38.95% |
| 2025-12-08 | 38.93% |
| 2025-12-05 | 38.95% |
| 2025-12-04 | 38.95% |
| 2025-12-03 | 38.94% |
| 2025-12-02 | 38.95% |
| 2025-12-01 | 38.93% |
| 2025-11-28 | 38.94% |
| 2025-11-26 | 38.94% |
| 2025-11-25 | 38.59% |
| 2025-11-24 | 38.58% |
| 2025-11-21 | 38.60% |
| 2025-11-20 | 38.58% |
| 2025-11-19 | 38.58% |
| 2025-11-18 | 38.59% |
| 2025-11-17 | 38.58% |
| 2025-11-14 | 38.59% |
| 2025-11-13 | 38.58% |
| 2025-11-12 | 38.59% |
| 2025-11-11 | 38.58% |
| 2025-11-10 | 38.58% |
| 2025-11-07 | 38.58% |
| 2025-11-06 | 38.58% |
| 2025-11-05 | 38.59% |
| 2025-11-04 | 38.59% |
| 2025-11-03 | 38.59% |
| 2025-10-31 | 38.59% |
| 2025-10-30 | 38.59% |
| 2025-10-29 | 38.59% |
| 2025-10-28 | 38.59% |
| 2025-10-27 | 38.58% |
| 2025-10-24 | 38.59% |
| 2025-10-23 | 38.58% |
| 2025-10-22 | 48.02% |
| 2025-10-21 | 38.18% |
| 2025-10-20 | 38.18% |
| 2025-10-17 | 38.18% |
| 2025-10-16 | 38.18% |
| 2025-10-15 | 38.18% |
| 2025-10-14 | 38.19% |
| 2025-10-13 | 38.17% |
| 2025-10-10 | 38.19% |
| 2025-10-09 | 38.18% |
| 2025-10-08 | 38.18% |
| 2025-10-07 | 38.19% |
| 2025-10-06 | 38.17% |
| 2025-10-03 | 38.19% |
| 2025-10-02 | 38.18% |
| 2025-10-01 | 38.18% |
| 2025-09-30 | 38.17% |
| 2025-09-29 | 38.18% |
| 2025-09-26 | 38.18% |
| 2025-09-25 | 38.18% |
| 2025-09-24 | 38.18% |
| 2025-09-23 | 38.18% |
| 2025-09-22 | 38.18% |
| 2025-09-19 | 38.17% |
| 2025-09-18 | 38.18% |
| 2025-09-17 | 38.18% |
| 2025-09-16 | 38.18% |
| 2025-09-15 | 38.18% |
| 2025-09-12 | 38.18% |
| 2025-09-11 | 38.17% |
| 2025-09-10 | 38.17% |
| 2025-09-09 | 38.18% |
| 2025-09-08 | 38.19% |
| 2025-09-05 | 38.19% |
| 2025-09-04 | 38.17% |
| 2025-09-03 | 38.17% |
| 2025-09-02 | 38.17% |
| 2025-08-29 | 38.18% |
| 2025-08-28 | 38.17% |
| 2025-08-27 | 38.49% |
| 2025-08-26 | 38.48% |
| 2025-08-25 | 38.49% |
| 2025-08-22 | 38.49% |
| 2025-08-21 | 38.49% |
| 2025-08-20 | 38.50% |
| 2025-08-19 | 38.49% |
| 2025-08-18 | 38.50% |
| 2025-08-15 | 38.50% |
| 2025-08-14 | 38.50% |
| 2025-08-13 | 38.49% |
| 2025-08-12 | 38.49% |
| 2025-08-11 | 38.50% |
| 2025-08-08 | 38.49% |
| 2025-08-07 | 38.50% |
| 2025-08-06 | 38.50% |
| 2025-08-05 | 38.50% |
| 2025-08-04 | 38.50% |
| 2025-08-01 | 38.49% |
| 2025-07-31 | 38.50% |
| 2025-07-30 | 38.50% |
| 2025-07-29 | 38.49% |
| 2025-07-28 | 38.50% |
| 2025-07-25 | 38.48% |
| 2025-07-24 | 38.49% |
| 2025-07-23 | 48.00% |
| 2025-07-22 | 38.08% |
| 2025-07-21 | 38.09% |
| 2025-07-18 | 38.07% |
| 2025-07-17 | 38.07% |
| 2025-07-16 | 38.08% |
| 2025-07-15 | 38.08% |
| 2025-07-14 | 38.08% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 36.0% |
| 2020 | $5.49 | $2.25 | 41.0% |
| 2019 | $2.85 | $2.06 | 72.3% |
| 2018 | $4.09 | $1.78 | 43.5% |
| 2017 | $3.48 | $1.52 | 43.7% |
| 2016 | $2.73 | $1.26 | 46.2% |
| 2015 | $2.71 | $1.02 | 37.6% |
| 2014 | $2.14 | $0.82 | 38.3% |
| 2013 | $1.69 | $0.68 | 40.2% |
| 2012 | $1.43 | $0.60 | 42.0% |
| 2011 | $1.43 | $0.50 | 35.0% |
| 2010 | $1.21 | $0.40 | 33.1% |
| 2009 | $1.50 | $0.35 | 23.3% |
| 2008 | $1.90 | $0.33 | 17.4% |
| 2007 | $2.02 | $0.26 | 12.9% |
| 2006 | $1.78 | $0.16 | 9.0% |
| 2005 | $1.39 | $0.10 | 7.2% |
| 2004 | $1.16 | $0.07 | 6.1% |
| 2003 | $0.95 | $0.05 | 5.5% |
| 2002 | $0.67 | $0.04 | 6.0% |
| 2001 | $0.53 | $0.04 | 7.1% |
| 2000 | $0.44 | $0.04 | 8.0% |
| 1999 | $0.34 | $0.03 | 8.8% |
| 1998 | $0.26 | $0.02 | 8.2% |
| 1997 | $0.22 | $0.03 | 12.5% |
