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 19.62% is 11% below its 5-year average of 22.11%, near the low end of its 5-year range (13.80%–36.49%).
As of Saturday, July 25, 2026. 6.32% below its 12-month average of 20.95%.
Dividend Payout Ratio (19.62%) = TTM Dividends/Share ($1.04) / TTM EPS ($5.30)
DIVIDEND PAYOUT RATIO
19.62%
DIVIDEND PAYOUT RATIO AVG TTM
20.95%
DIVIDEND PAYOUT RATIO AVG 3Y
23.76%
DIVIDEND PAYOUT RATIO AVG 5Y
22.09%
DIVIDEND PAYOUT RATIO AVG 10Y
23.55%
DIVIDEND PAYOUT RATIO AVG 15Y
N/A
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-6.32%
CURRENT VS 3Y AVG
-17.41%
CURRENT VS 5Y AVG
-11.18%
CURRENT VS 10Y AVG
-16.68%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $4.17 | $0.98 | 23.5% |
| 2024 | $2.91 | $0.86 | 29.6% |
| 2023 | $3.33 | $0.74 | 22.4% |
| 2022 | $3.29 | $0.65 | 19.6% |
| 2021 | $2.72 | $0.56 | 20.6% |
| 2020 | $1.56 | $0.49 |
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 | 19.62% |
| 2026-07-23 | 19.62% |
| 2026-07-22 | 19.62% |
| 2026-07-21 | 19.62% |
| 2026-07-20 | 19.62% |
| 2026-07-17 | 19.62% |
| 2026-07-16 | 19.62% |
| 2026-07-15 | 19.62% |
| 2026-07-14 | 19.62% |
| 2026-07-13 | 19.62% |
| 2026-07-10 | 19.62% |
| 2026-07-09 | 19.62% |
| 2026-07-08 | 19.62% |
| 2026-07-07 | 19.62% |
| 2026-07-06 | 19.62% |
| 2026-07-02 | 19.62% |
| 2026-07-01 | 19.62% |
| 2026-06-30 | 19.62% |
| 2026-06-29 | 19.62% |
| 2026-06-26 | 19.62% |
| 2026-06-25 | 19.62% |
| 2026-06-24 | 19.62% |
| 2026-06-23 | 19.62% |
| 2026-06-22 | 19.62% |
| 2026-06-18 | 19.62% |
| 2026-06-17 | 23.96% |
| 2026-06-16 | 19.06% |
| 2026-06-15 | 19.06% |
| 2026-06-12 | 19.06% |
| 2026-06-11 | 19.06% |
| 2026-06-10 | 19.06% |
| 2026-06-09 | 19.06% |
| 2026-06-08 | 19.06% |
| 2026-06-05 | 19.06% |
| 2026-06-04 | 19.06% |
| 2026-06-03 | 19.06% |
| 2026-06-02 | 19.06% |
| 2026-06-01 | 19.06% |
| 2026-05-29 | 19.06% |
| 2026-05-28 | 19.06% |
| 2026-05-27 | 19.06% |
| 2026-05-26 | 19.06% |
| 2026-05-22 | 19.06% |
| 2026-05-21 | 19.06% |
| 2026-05-20 | 19.06% |
| 2026-05-19 | 19.06% |
| 2026-05-18 | 19.06% |
| 2026-05-15 | 19.06% |
| 2026-05-14 | 19.06% |
| 2026-05-13 | 19.06% |
| 2026-05-12 | 19.06% |
| 2026-05-11 | 19.06% |
| 2026-05-08 | 19.06% |
| 2026-05-07 | 19.06% |
| 2026-05-06 | 19.06% |
| 2026-05-05 | 19.06% |
| 2026-05-04 | 19.06% |
| 2026-05-01 | 19.06% |
| 2026-04-30 | 19.06% |
| 2026-04-29 | 19.05% |
| 2026-04-28 | 19.06% |
| 2026-04-27 | 19.06% |
| 2026-04-24 | 19.05% |
| 2026-04-23 | 19.05% |
| 2026-04-22 | 20.70% |
| 2026-04-21 | 20.69% |
| 2026-04-20 | 20.70% |
| 2026-04-17 | 20.70% |
| 2026-04-16 | 20.70% |
| 2026-04-15 | 20.70% |
| 2026-04-14 | 20.70% |
| 2026-04-13 | 20.70% |
| 2026-04-10 | 20.70% |
| 2026-04-09 | 20.69% |
| 2026-04-08 | 20.70% |
| 2026-04-07 | 20.70% |
| 2026-04-06 | 20.70% |
| 2026-04-02 | 20.70% |
| 2026-04-01 | 20.69% |
| 2026-03-31 | 20.70% |
| 2026-03-30 | 20.70% |
| 2026-03-27 | 20.70% |
| 2026-03-26 | 20.69% |
| 2026-03-25 | 20.70% |
| 2026-03-24 | 20.70% |
| 2026-03-23 | 20.70% |
| 2026-03-20 | 20.70% |
| 2026-03-19 | 20.70% |
| 2026-03-18 | 20.70% |
| 2026-03-17 | 20.70% |
| 2026-03-16 | 20.70% |
| 2026-03-13 | 20.70% |
| 2026-03-12 | 20.70% |
| 2026-03-11 | 20.70% |
| 2026-03-10 | 20.69% |
| 2026-03-09 | 20.70% |
| 2026-03-06 | 20.70% |
| 2026-03-05 | 20.70% |
| 2026-03-04 | 25.41% |
| 2026-03-03 | 20.08% |
| 2026-03-02 | 20.08% |
| 2026-02-27 | 20.08% |
| 2026-02-26 | 20.08% |
| 2026-02-25 | 20.08% |
| 2026-02-24 | 20.08% |
| 2026-02-23 | 20.08% |
| 2026-02-20 | 20.08% |
| 2026-02-19 | 20.08% |
| 2026-02-18 | 20.08% |
| 2026-02-17 | 20.08% |
| 2026-02-13 | 20.08% |
| 2026-02-12 | 20.08% |
| 2026-02-11 | 20.08% |
| 2026-02-10 | 20.08% |
| 2026-02-09 | 20.08% |
| 2026-02-06 | 20.08% |
| 2026-02-05 | 20.08% |
| 2026-02-04 | 20.08% |
| 2026-02-03 | 20.08% |
| 2026-02-02 | 20.08% |
| 2026-01-30 | 20.08% |
| 2026-01-29 | 20.08% |
| 2026-01-28 | 21.59% |
| 2026-01-27 | 21.58% |
| 2026-01-26 | 21.59% |
| 2026-01-23 | 21.58% |
| 2026-01-22 | 21.58% |
| 2026-01-21 | 21.59% |
| 2026-01-20 | 21.59% |
| 2026-01-16 | 21.59% |
| 2026-01-15 | 21.59% |
| 2026-01-14 | 21.59% |
| 2026-01-13 | 21.59% |
| 2026-01-12 | 21.59% |
| 2026-01-09 | 21.59% |
| 2026-01-08 | 21.58% |
| 2026-01-07 | 21.59% |
| 2026-01-06 | 21.59% |
| 2026-01-05 | 21.59% |
| 2026-01-02 | 21.58% |
| 2025-12-31 | 21.58% |
| 2025-12-30 | 21.59% |
| 2025-12-29 | 21.59% |
| 2025-12-26 | 21.58% |
| 2025-12-24 | 21.59% |
| 2025-12-23 | 21.59% |
| 2025-12-22 | 21.58% |
| 2025-12-19 | 21.58% |
| 2025-12-18 | 21.59% |
| 2025-12-17 | 21.59% |
| 2025-12-16 | 21.59% |
| 2025-12-15 | 21.59% |
| 2025-12-12 | 21.59% |
| 2025-12-11 | 21.59% |
| 2025-12-10 | 26.65% |
| 2025-12-09 | 26.65% |
| 2025-12-08 | 26.66% |
| 2025-12-05 | 26.66% |
| 2025-12-04 | 26.65% |
| 2025-12-03 | 26.65% |
| 2025-12-02 | 20.92% |
| 2025-12-01 | 20.92% |
| 2025-11-28 | 20.92% |
| 2025-11-26 | 20.92% |
| 2025-11-25 | 20.92% |
| 2025-11-24 | 20.92% |
| 2025-11-21 | 20.92% |
| 2025-11-20 | 20.93% |
| 2025-11-19 | 20.93% |
| 2025-11-18 | 20.92% |
| 2025-11-17 | 20.92% |
| 2025-11-14 | 20.93% |
| 2025-11-13 | 20.92% |
| 2025-11-12 | 20.93% |
| 2025-11-11 | 20.92% |
| 2025-11-10 | 20.93% |
| 2025-11-07 | 20.93% |
| 2025-11-06 | 20.92% |
| 2025-11-05 | 20.92% |
| 2025-11-04 | 20.92% |
| 2025-11-03 | 20.93% |
| 2025-10-31 | 20.92% |
| 2025-10-30 | 20.92% |
| 2025-10-29 | 20.93% |
| 2025-10-28 | 20.93% |
| 2025-10-27 | 20.93% |
| 2025-10-24 | 20.93% |
| 2025-10-23 | 22.84% |
| 2025-10-22 | 22.83% |
| 2025-10-21 | 22.84% |
| 2025-10-20 | 22.84% |
| 2025-10-17 | 22.84% |
| 2025-10-16 | 22.83% |
| 2025-10-15 | 22.83% |
| 2025-10-14 | 22.84% |
| 2025-10-13 | 22.84% |
| 2025-10-10 | 22.84% |
| 2025-10-09 | 22.83% |
| 2025-10-08 | 22.83% |
| 2025-10-07 | 22.84% |
| 2025-10-06 | 22.83% |
| 2025-10-03 | 22.84% |
| 2025-10-02 | 22.83% |
| 2025-10-01 | 22.83% |
| 2025-09-30 | 22.84% |
| 2025-09-29 | 22.84% |
| 2025-09-26 | 22.84% |
| 2025-09-25 | 22.84% |
| 2025-09-24 | 22.84% |
| 2025-09-23 | 16.58% |
| 2025-09-22 | 16.59% |
| 2025-09-19 | 16.59% |
| 2025-09-18 | 16.59% |
| 2025-09-17 | 16.58% |
| 2025-09-16 | 22.12% |
| 2025-09-15 | 22.12% |
| 2025-09-12 | 22.12% |
| 2025-09-11 | 22.11% |
| 2025-09-10 | 22.12% |
| 2025-09-09 | 22.12% |
| 2025-09-08 | 22.12% |
| 2025-09-05 | 22.12% |
| 2025-09-04 | 22.12% |
| 2025-09-03 | 22.12% |
| 2025-09-02 | 22.11% |
| 2025-08-29 | 22.11% |
| 2025-08-28 | 22.11% |
| 2025-08-27 | 22.11% |
| 2025-08-26 | 22.11% |
| 2025-08-25 | 22.12% |
| 2025-08-22 | 22.12% |
| 2025-08-21 | 22.12% |
| 2025-08-20 | 22.11% |
| 2025-08-19 | 22.12% |
| 2025-08-18 | 22.12% |
| 2025-08-15 | 22.11% |
| 2025-08-14 | 22.11% |
| 2025-08-13 | 22.12% |
| 2025-08-12 | 22.12% |
| 2025-08-11 | 22.12% |
| 2025-08-08 | 25.62% |
| 2025-08-07 | 25.63% |
| 2025-08-06 | 25.62% |
| 2025-08-05 | 25.63% |
| 2025-08-04 | 25.62% |
| 2025-08-01 | 25.62% |
| 2025-07-31 | 25.63% |
| 2025-07-30 | 25.63% |
| 2025-07-29 | 25.63% |
| 2025-07-28 | 25.63% |
| 2025-07-25 | 25.63% |
| 2025-07-24 | 25.63% |
| 2025-07-23 | 25.63% |
| 2025-07-22 | 25.63% |
| 2025-07-21 | 25.63% |
| 2025-07-18 | 25.63% |
| 2025-07-17 | 25.63% |
| 2025-07-16 | 25.63% |
| 2025-07-15 | 25.62% |
| 2025-07-14 | 25.63% |
Showing the most recent 260 of 1,663 data points. The chart above shows the full history.
| 31.4% |
| 2019 | $1.44 | $0.45 | 31.3% |
| 2018 | $1.47 | $0.38 | 25.9% |
| 2017 | $1.05 | $0.18 | 17.6% |
| 2016 | $0.58 | $0.14 | 23.3% |
| 2015 | $0.41 | $0.11 | 26.3% |
| 2014 | $0.38 | $0.05 | 14.2% |
| 2013 | $0.07 | $0.00 | 0.0% |
| 2012 | $0.14 | $0.00 | 0.0% |
| 2011 | $0.59 | $0.00 | 0.0% |
| 2010 | $0.27 | $0.00 | 0.0% |
| 2009 | ($0.24) | $0.00 | N/A (Loss) |
| 2008 | $0.35 | $0.00 | 0.0% |
| 2007 | $0.49 | $0.00 | 0.0% |
| 2006 | $0.24 | $0.00 | 0.0% |
| 2005 | $0.22 | $0.00 | 0.0% |
| 2004 | $0.06 | $0.00 | 0.0% |
| 2003 | ($0.01) | $0.00 | N/A (Loss) |
| 2002 | ($0.07) | $0.00 | N/A (Loss) |
| 2001 | $0.04 | $0.00 | 0.0% |
| 2000 | $0.17 | $0.00 | 0.0% |
| 1999 | ($0.10) | $0.00 | N/A (Loss) |
| 1998 | ($0.13) | $0.00 | N/A (Loss) |
| 1997 | ($0.04) | $0.00 | N/A (Loss) |
| 1996 | $0.14 | $0.00 | 0.0% |
