Basis: Latest reported fiscal year. 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 60.40% is 32% above its 5-year average of 45.66%, near the high end of its 5-year range (30.06%–60.40%).
As of the fiscal period ended Wednesday, December 31, 2025.
Dividend Payout Ratio (60.40%) = TTM Dividends/Share ($2.98) / TTM EPS ($4.93)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted.
DIVIDEND PAYOUT RATIO
60.40%
DIVIDEND PAYOUT RATIO AVG TTM
N/A
DIVIDEND PAYOUT RATIO AVG 3Y
N/A
DIVIDEND PAYOUT RATIO AVG 5Y
45.66%
DIVIDEND PAYOUT RATIO AVG 10Y
45.66%
DIVIDEND PAYOUT RATIO AVG 15Y
45.66%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
+32.29%
CURRENT VS 10Y AVG
+32.29%
CURRENT VS 15Y AVG
+32.29%
CURRENT VS 20Y AVG
N/A
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $4.93 | $2.98 | 60.4% |
| 2024 | $5.21 | $2.43 | 46.6% |
| 2023 | $6.70 | $2.68 | 40.0% |
| 2022 | $6.00 | $2.58 | 42.9% |
| 2021 | $5.44 | $1.63 | 30.0% |
| 2020 | $2.28 | $1.06 | 46.5% |
| 2019 | $3.20 | $1.39 | 43.5% |
| 2018 | $2.90 | $1.29 | 44.6% |
| 2017 | $2.57 | $0.94 | 36.4% |
| 2016 | $1.70 | $0.80 | 47.1% |
| 2015 | $1.54 | $0.71 | 45.9% |
| 2014 | $2.72 | $0.82 | 30.3% |
| 2013 | $1.89 | $0.79 | 42.0% |
| 2012 | $1.81 | $0.76 | 42.0% |
| 2011 | $1.62 | $0.63 | 38.7% |
| 2010 | $1.70 | $0.50 | 29.4% |
| 2009 | $1.06 | $0.45 | 42.7% |
| 2008 | $1.20 | $0.48 | 40.1% |
| 2007 | $1.24 | $0.40 | 32.2% |
| 2006 | $1.06 | $0.31 | 29.2% |
| 2005 | $0.72 | $0.23 | 32.5% |
| 2004 | $0.69 | $0.21 | 31.2% |
| 2003 | $0.38 | $0.19 | 49.8% |
| 2002 | $0.24 | $0.00 | 0.0% |
| 2001 | $0.00 | $0.00 | 0.0% |
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 |
|---|---|
| 2025-12-31 | 60.40% |
| 2021-12-31 | 30.06% |
| 2020-12-31 | 46.52% |
| 2007-12-31 | 32.09% |
