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 31.45% is 43% below its 5-year average of 55.61%, near the low end of its 5-year range (22.61%–80.43%).
As of Saturday, August 1, 2026. 38.44% below its 12-month average of 51.09%.
Dividend Payout Ratio (31.45%) = TTM Dividends/Share ($1.89) / TTM EPS ($6.01)
DIVIDEND PAYOUT RATIO
31.45%
DIVIDEND PAYOUT RATIO AVG TTM
51.09%
DIVIDEND PAYOUT RATIO AVG 3Y
61.30%
DIVIDEND PAYOUT RATIO AVG 5Y
58.72%
DIVIDEND PAYOUT RATIO AVG 10Y
50.12%
DIVIDEND PAYOUT RATIO AVG 15Y
48.55%
DIVIDEND PAYOUT RATIO AVG 20Y
48.14%
CURRENT VS TTM AVG
-38.44%
CURRENT VS 3Y AVG
-48.69%
CURRENT VS 5Y AVG
-46.44%
CURRENT VS 10Y AVG
-37.25%
CURRENT VS 15Y AVG
-35.22%
CURRENT VS 20Y AVG
-34.67%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $2.94 | $1.83 | 62.2% |
| 2024 | $2.94 | $1.71 | 58.2% |
| 2023 | $2.54 | $1.59 | 62.6% |
| 2022 | $2.54 | $1.50 | 59.1% |
| 2021 | $2.83 | $1.39 | 49.1% |
| 2020 | $2.80 | $1.27 |
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 |
|---|---|
| 2026-07-31 | 31.45% |
| 2026-07-30 | 31.45% |
| 2026-07-29 | 31.45% |
| 2026-07-28 | 31.43% |
| 2026-07-27 | 31.44% |
| 2026-07-24 | 31.44% |
| 2026-07-23 | 31.44% |
| 2026-07-22 | 31.46% |
| 2026-07-21 | 31.45% |
| 2026-07-20 | 31.44% |
| 2026-07-17 | 31.44% |
| 2026-07-16 | 31.44% |
| 2026-07-15 | 31.44% |
| 2026-07-14 | 31.43% |
| 2026-07-13 | 31.44% |
| 2026-07-10 | 31.46% |
| 2026-07-09 | 31.46% |
| 2026-07-08 | 31.45% |
| 2026-07-07 | 31.45% |
| 2026-07-06 | 38.95% |
| 2026-07-02 | 30.94% |
| 2026-07-01 | 30.94% |
| 2026-06-30 | 30.95% |
| 2026-06-29 | 30.94% |
| 2026-06-26 | 30.93% |
| 2026-06-25 | 30.93% |
| 2026-06-24 | 30.48% |
| 2026-06-23 | 30.50% |
| 2026-06-22 | 30.51% |
| 2026-06-18 | 30.51% |
| 2026-06-17 | 30.49% |
| 2026-06-16 | 30.51% |
| 2026-06-15 | 30.50% |
| 2026-06-12 | 30.47% |
| 2026-06-11 | 30.49% |
| 2026-06-10 | 30.51% |
| 2026-06-09 | 30.48% |
| 2026-06-08 | 30.47% |
| 2026-06-05 | 30.48% |
| 2026-06-04 | 30.48% |
| 2026-06-03 | 30.50% |
| 2026-06-02 | 30.51% |
| 2026-06-01 | 30.51% |
| 2026-05-29 | 30.51% |
| 2026-05-28 | 30.50% |
| 2026-05-27 | 30.51% |
| 2026-05-26 | 30.51% |
| 2026-05-22 | 30.51% |
| 2026-05-21 | 30.50% |
| 2026-05-20 | 30.51% |
| 2026-05-19 | 30.51% |
| 2026-05-18 | 30.51% |
| 2026-05-15 | 30.50% |
| 2026-05-14 | 30.47% |
| 2026-05-13 | 30.51% |
| 2026-05-12 | 30.50% |
| 2026-05-11 | 30.51% |
| 2026-05-08 | 30.49% |
| 2026-05-07 | 30.48% |
| 2026-05-06 | 30.49% |
| 2026-05-05 | 30.49% |
| 2026-05-04 | 30.48% |
| 2026-05-01 | 30.51% |
| 2026-04-30 | 30.48% |
| 2026-04-29 | 30.51% |
| 2026-04-28 | 30.48% |
| 2026-04-27 | 30.48% |
| 2026-04-24 | 30.50% |
| 2026-04-23 | 30.50% |
| 2026-04-22 | 30.50% |
| 2026-04-21 | 30.49% |
| 2026-04-20 | 30.48% |
| 2026-04-17 | 22.63% |
| 2026-04-16 | 22.62% |
| 2026-04-15 | 22.61% |
| 2026-04-14 | 22.63% |
| 2026-04-13 | 22.62% |
| 2026-04-10 | 22.61% |
| 2026-04-09 | 22.62% |
| 2026-04-08 | 22.62% |
| 2026-04-07 | 22.61% |
| 2026-04-06 | 30.01% |
| 2026-04-02 | 30.01% |
| 2026-04-01 | 30.00% |
| 2026-03-31 | 30.00% |
| 2026-03-30 | 62.44% |
| 2026-03-27 | 62.45% |
| 2026-03-26 | 62.44% |
| 2026-03-25 | 62.44% |
| 2026-03-24 | 62.44% |
| 2026-03-23 | 62.44% |
| 2026-03-20 | 62.47% |
| 2026-03-19 | 62.47% |
| 2026-03-18 | 62.45% |
| 2026-03-17 | 62.45% |
| 2026-03-16 | 62.46% |
| 2026-03-13 | 62.44% |
| 2026-03-12 | 62.45% |
| 2026-03-11 | 62.45% |
| 2026-03-10 | 62.44% |
| 2026-03-09 | 62.44% |
| 2026-03-06 | 62.45% |
| 2026-03-05 | 62.47% |
| 2026-03-04 | 62.45% |
| 2026-03-03 | 62.47% |
| 2026-03-02 | 62.47% |
| 2026-02-27 | 62.47% |
| 2026-02-26 | 62.46% |
| 2026-02-25 | 62.46% |
| 2026-02-24 | 62.46% |
| 2026-02-23 | 62.46% |
| 2026-02-20 | 62.46% |
| 2026-02-19 | 62.47% |
| 2026-02-18 | 62.46% |
| 2026-02-17 | 62.45% |
| 2026-02-13 | 62.46% |
| 2026-02-12 | 62.45% |
| 2026-02-11 | 62.45% |
| 2026-02-10 | 62.47% |
| 2026-02-09 | 62.46% |
| 2026-02-06 | 62.46% |
| 2026-02-05 | 62.46% |
| 2026-02-04 | 62.45% |
| 2026-02-03 | 62.46% |
| 2026-02-02 | 62.45% |
| 2026-01-30 | 62.45% |
| 2026-01-29 | 62.46% |
| 2026-01-28 | 62.45% |
| 2026-01-27 | 62.45% |
| 2026-01-26 | 62.46% |
| 2026-01-23 | 62.47% |
| 2026-01-22 | 62.47% |
| 2026-01-21 | 63.32% |
| 2026-01-20 | 63.32% |
| 2026-01-16 | 63.33% |
| 2026-01-15 | 63.32% |
| 2026-01-14 | 63.33% |
| 2026-01-13 | 63.33% |
| 2026-01-12 | 63.33% |
| 2026-01-09 | 63.31% |
| 2026-01-08 | 63.33% |
| 2026-01-07 | 63.32% |
| 2026-01-06 | 63.33% |
| 2026-01-05 | 63.33% |
| 2026-01-02 | 63.32% |
| 2025-12-31 | 63.33% |
| 2025-12-30 | 63.33% |
| 2025-12-29 | 78.88% |
| 2025-12-26 | 62.28% |
| 2025-12-24 | 62.27% |
| 2025-12-23 | 62.28% |
| 2025-12-22 | 62.29% |
| 2025-12-19 | 62.28% |
| 2025-12-18 | 62.29% |
| 2025-12-17 | 62.27% |
| 2025-12-16 | 62.28% |
| 2025-12-15 | 62.30% |
| 2025-12-12 | 62.27% |
| 2025-12-11 | 62.29% |
| 2025-12-10 | 62.28% |
| 2025-12-09 | 62.30% |
| 2025-12-08 | 62.29% |
| 2025-12-05 | 62.27% |
| 2025-12-04 | 62.28% |
| 2025-12-03 | 62.29% |
| 2025-12-02 | 62.27% |
| 2025-12-01 | 62.30% |
| 2025-11-28 | 62.29% |
| 2025-11-26 | 62.29% |
| 2025-11-25 | 62.30% |
| 2025-11-24 | 62.30% |
| 2025-11-21 | 62.27% |
| 2025-11-20 | 62.29% |
| 2025-11-19 | 62.27% |
| 2025-11-18 | 62.29% |
| 2025-11-17 | 62.28% |
| 2025-11-14 | 62.30% |
| 2025-11-13 | 62.28% |
| 2025-11-12 | 62.30% |
| 2025-11-11 | 62.29% |
| 2025-11-10 | 62.28% |
| 2025-11-07 | 62.30% |
| 2025-11-06 | 62.28% |
| 2025-11-05 | 62.29% |
| 2025-11-04 | 62.28% |
| 2025-11-03 | 62.28% |
| 2025-10-31 | 62.28% |
| 2025-10-30 | 62.27% |
| 2025-10-29 | 62.29% |
| 2025-10-28 | 62.28% |
| 2025-10-27 | 62.29% |
| 2025-10-24 | 62.28% |
| 2025-10-23 | 62.28% |
| 2025-10-22 | 62.28% |
| 2025-10-21 | 62.28% |
| 2025-10-20 | 62.28% |
| 2025-10-17 | 62.28% |
| 2025-10-16 | 62.27% |
| 2025-10-15 | 62.30% |
| 2025-10-14 | 62.29% |
| 2025-10-13 | 46.72% |
| 2025-10-10 | 46.72% |
| 2025-10-09 | 46.72% |
| 2025-10-08 | 46.71% |
| 2025-10-07 | 46.72% |
| 2025-10-06 | 61.45% |
| 2025-10-03 | 61.47% |
| 2025-10-02 | 61.45% |
| 2025-10-01 | 61.46% |
| 2025-09-30 | 61.45% |
| 2025-09-29 | 61.45% |
| 2025-09-26 | 61.45% |
| 2025-09-25 | 61.47% |
| 2025-09-24 | 61.46% |
| 2025-09-23 | 61.47% |
| 2025-09-22 | 61.46% |
| 2025-09-19 | 61.47% |
| 2025-09-18 | 61.45% |
| 2025-09-17 | 61.46% |
| 2025-09-16 | 61.45% |
| 2025-09-15 | 61.46% |
| 2025-09-12 | 61.46% |
| 2025-09-11 | 61.46% |
| 2025-09-10 | 61.45% |
| 2025-09-09 | 61.47% |
| 2025-09-08 | 61.46% |
| 2025-09-05 | 61.45% |
| 2025-09-04 | 61.46% |
| 2025-09-03 | 61.46% |
| 2025-09-02 | 61.46% |
| 2025-08-29 | 61.45% |
| 2025-08-28 | 61.47% |
| 2025-08-27 | 61.45% |
| 2025-08-26 | 61.46% |
| 2025-08-25 | 61.46% |
| 2025-08-22 | 61.46% |
| 2025-08-21 | 61.47% |
| 2025-08-20 | 61.45% |
| 2025-08-19 | 61.47% |
| 2025-08-18 | 61.45% |
| 2025-08-15 | 61.45% |
| 2025-08-14 | 61.45% |
| 2025-08-13 | 61.46% |
| 2025-08-12 | 61.46% |
| 2025-08-11 | 61.46% |
| 2025-08-08 | 61.47% |
| 2025-08-07 | 61.46% |
| 2025-08-06 | 61.46% |
| 2025-08-05 | 61.46% |
| 2025-08-04 | 61.45% |
| 2025-08-01 | 61.45% |
| 2025-07-31 | 61.45% |
| 2025-07-30 | 61.46% |
| 2025-07-29 | 61.46% |
| 2025-07-28 | 61.45% |
| 2025-07-25 | 61.46% |
| 2025-07-24 | 61.46% |
| 2025-07-23 | 61.45% |
| 2025-07-22 | 61.45% |
| 2025-07-21 | 61.45% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 45.4% |
| 2019 | $2.65 | $1.17 | 44.0% |
| 2018 | $3.55 | $1.06 | 30.0% |
| 2017 | $1.89 | $0.96 | 51.1% |
| 2016 | $1.87 | $0.88 | 47.1% |
| 2015 | $1.57 | $0.82 | 51.9% |
| 2014 | $1.69 | $0.75 | 44.7% |
| 2013 | $1.47 | $0.70 | 47.3% |
| 2012 | $1.54 | $0.64 | 41.2% |
| 2011 | $1.41 | $0.58 | 40.8% |
| 2010 | $1.40 | $0.53 | 37.9% |
| 2009 | $1.15 | $0.49 | 42.6% |
| 2008 | $0.99 | $0.45 | 45.5% |
| 2007 | $0.89 | $0.41 | 46.1% |
| 2006 | $0.77 | $0.37 | 48.1% |
| 2005 | $0.80 | $0.33 | 41.2% |
| 2004 | $0.78 | $0.29 | 37.2% |
| 2003 | $0.76 | $0.24 | 32.2% |
| 2002 | $0.64 | $0.21 | 33.2% |
| 2001 | $0.53 | $0.20 | 38.2% |
| 2000 | $0.50 | $0.19 | 38.5% |
| 1999 | $0.36 | $0.17 | 48.6% |
| 1998 | $0.36 | $0.16 | 45.1% |
| 1997 | $0.39 | $0.19 | 48.1% |
| 1996 | $0.13 | $0.14 | 109.6% |
