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 42.15% is 11% above its 5-year average of 38.06%, around the middle of its 5-year range (28.71%–58.60%).
As of Monday, February 9, 2026. 4.88% above its 12-month average of 40.19%.
Dividend Payout Ratio (42.15%) = TTM Dividends/Share ($3.51) / TTM EPS ($8.34)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-02-09.
DIVIDEND PAYOUT RATIO
42.15%
DIVIDEND PAYOUT RATIO AVG TTM
40.19%
DIVIDEND PAYOUT RATIO AVG 3Y
38.71%
DIVIDEND PAYOUT RATIO AVG 5Y
38.06%
DIVIDEND PAYOUT RATIO AVG 10Y
41.59%
DIVIDEND PAYOUT RATIO AVG 15Y
42.40%
DIVIDEND PAYOUT RATIO AVG 20Y
43.58%
CURRENT VS TTM AVG
+4.88%
CURRENT VS 3Y AVG
+8.87%
CURRENT VS 5Y AVG
+10.72%
CURRENT VS 10Y AVG
+1.33%
CURRENT VS 15Y AVG
-0.60%
CURRENT VS 20Y AVG
-3.29%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $8.48 | $3.43 | 40.4% |
| 2024-12-31 | $8.25 | $3.05 | 37.0% |
| 2023-12-31 | $7.60 | $2.60 | 34.2% |
| 2022-12-31 | $6.11 | $2.25 | 36.8% |
| 2021-12-31 | $6.20 | $2.00 | 32.3% |
| 2020-12-31 | $3.98 |
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 |
|---|---|
| 2026-02-09 | 42.15% |
| 2026-02-06 | 42.15% |
| 2026-02-05 | 42.14% |
| 2026-02-04 | 42.14% |
| 2026-02-03 | 42.14% |
| 2026-02-02 | 42.14% |
| 2026-01-30 | 42.14% |
| 2026-01-29 | 51.91% |
| 2026-01-28 | 41.12% |
| 2026-01-27 | 41.12% |
| 2026-01-26 | 41.12% |
| 2026-01-23 | 41.12% |
| 2026-01-22 | 41.13% |
| 2026-01-21 | 41.12% |
| 2026-01-20 | 41.12% |
| 2026-01-16 | 41.13% |
| 2026-01-15 | 41.12% |
| 2026-01-14 | 41.12% |
| 2026-01-13 | 41.13% |
| 2026-01-12 | 41.13% |
| 2026-01-09 | 41.12% |
| 2026-01-08 | 41.13% |
| 2026-01-07 | 41.13% |
| 2026-01-06 | 41.13% |
| 2026-01-05 | 41.12% |
| 2026-01-02 | 41.13% |
| 2025-12-31 | 41.12% |
| 2025-12-30 | 41.14% |
| 2025-12-29 | 41.13% |
| 2025-12-26 | 41.12% |
| 2025-12-24 | 41.12% |
| 2025-12-23 | 41.13% |
| 2025-12-22 | 41.12% |
| 2025-12-19 | 41.13% |
| 2025-12-18 | 41.13% |
| 2025-12-17 | 41.14% |
| 2025-12-16 | 41.12% |
| 2025-12-15 | 41.13% |
| 2025-12-12 | 41.13% |
| 2025-12-11 | 41.13% |
| 2025-12-10 | 41.12% |
| 2025-12-09 | 41.12% |
| 2025-12-08 | 41.12% |
| 2025-12-05 | 41.13% |
| 2025-12-04 | 41.13% |
| 2025-12-03 | 41.13% |
| 2025-12-02 | 41.14% |
| 2025-12-01 | 41.12% |
| 2025-11-28 | 41.13% |
| 2025-11-26 | 41.13% |
| 2025-11-25 | 41.12% |
| 2025-11-24 | 41.12% |
| 2025-11-21 | 41.12% |
| 2025-11-20 | 41.13% |
| 2025-11-19 | 41.13% |
| 2025-11-18 | 41.12% |
| 2025-11-17 | 41.13% |
| 2025-11-14 | 41.13% |
| 2025-11-13 | 41.12% |
| 2025-11-12 | 41.13% |
| 2025-11-11 | 41.12% |
| 2025-11-10 | 41.13% |
| 2025-11-07 | 41.13% |
| 2025-11-06 | 41.12% |
| 2025-11-05 | 41.13% |
| 2025-11-04 | 41.12% |
| 2025-11-03 | 41.13% |
| 2025-10-31 | 41.13% |
| 2025-10-30 | 41.12% |
| 2025-10-29 | 41.12% |
| 2025-10-28 | 41.13% |
| 2025-10-27 | 41.13% |
| 2025-10-24 | 41.13% |
| 2025-10-23 | 41.12% |
| 2025-10-22 | 41.13% |
| 2025-10-21 | 41.13% |
| 2025-10-20 | 41.13% |
| 2025-10-17 | 41.12% |
| 2025-10-16 | 41.13% |
| 2025-10-15 | 41.12% |
| 2025-10-14 | 41.12% |
| 2025-10-13 | 41.12% |
| 2025-10-10 | 41.12% |
| 2025-10-09 | 41.13% |
| 2025-10-08 | 41.13% |
| 2025-10-07 | 41.12% |
| 2025-10-06 | 41.12% |
| 2025-10-03 | 50.90% |
| 2025-10-02 | 50.90% |
| 2025-10-01 | 40.12% |
| 2025-09-30 | 40.10% |
| 2025-09-29 | 40.11% |
| 2025-09-26 | 40.11% |
| 2025-09-25 | 40.11% |
| 2025-09-24 | 40.11% |
| 2025-09-23 | 40.11% |
| 2025-09-22 | 40.11% |
| 2025-09-19 | 40.10% |
| 2025-09-18 | 40.11% |
| 2025-09-17 | 40.11% |
| 2025-09-16 | 40.11% |
| 2025-09-15 | 40.10% |
| 2025-09-12 | 40.10% |
| 2025-09-11 | 40.12% |
| 2025-09-10 | 40.10% |
| 2025-09-09 | 40.11% |
| 2025-09-08 | 40.12% |
| 2025-09-05 | 40.11% |
| 2025-09-04 | 40.10% |
| 2025-09-03 | 40.10% |
| 2025-09-02 | 40.10% |
| 2025-08-29 | 40.11% |
| 2025-08-28 | 40.10% |
| 2025-08-27 | 40.10% |
| 2025-08-26 | 40.11% |
| 2025-08-25 | 40.11% |
| 2025-08-22 | 40.11% |
| 2025-08-21 | 40.10% |
| 2025-08-20 | 40.10% |
| 2025-08-19 | 40.11% |
| 2025-08-18 | 40.11% |
| 2025-08-15 | 40.12% |
| 2025-08-14 | 40.11% |
| 2025-08-13 | 40.10% |
| 2025-08-12 | 40.11% |
| 2025-08-11 | 40.10% |
| 2025-08-08 | 40.11% |
| 2025-08-07 | 40.11% |
| 2025-08-06 | 40.11% |
| 2025-08-05 | 40.11% |
| 2025-08-04 | 40.11% |
| 2025-08-01 | 40.10% |
| 2025-07-31 | 40.10% |
| 2025-07-30 | 40.11% |
| 2025-07-29 | 40.11% |
| 2025-07-28 | 40.10% |
| 2025-07-25 | 40.11% |
| 2025-07-24 | 49.88% |
| 2025-07-23 | 39.10% |
| 2025-07-22 | 39.10% |
| 2025-07-21 | 39.09% |
| 2025-07-18 | 39.08% |
| 2025-07-17 | 39.95% |
| 2025-07-16 | 39.95% |
| 2025-07-15 | 39.96% |
| 2025-07-14 | 39.95% |
| 2025-07-11 | 39.95% |
| 2025-07-10 | 39.95% |
| 2025-07-09 | 39.96% |
| 2025-07-08 | 39.95% |
| 2025-07-07 | 39.95% |
| 2025-07-03 | 39.95% |
| 2025-07-02 | 39.95% |
| 2025-07-01 | 39.94% |
| 2025-06-30 | 39.94% |
| 2025-06-27 | 39.95% |
| 2025-06-26 | 39.95% |
| 2025-06-25 | 39.95% |
| 2025-06-24 | 39.95% |
| 2025-06-23 | 39.95% |
| 2025-06-20 | 39.96% |
| 2025-06-18 | 39.94% |
| 2025-06-17 | 39.94% |
| 2025-06-16 | 39.95% |
| 2025-06-13 | 39.95% |
| 2025-06-12 | 39.96% |
| 2025-06-11 | 39.95% |
| 2025-06-10 | 39.95% |
| 2025-06-09 | 39.95% |
| 2025-06-06 | 39.95% |
| 2025-06-05 | 39.96% |
| 2025-06-04 | 39.95% |
| 2025-06-03 | 39.95% |
| 2025-06-02 | 39.95% |
| 2025-05-30 | 39.94% |
| 2025-05-29 | 39.95% |
| 2025-05-28 | 39.95% |
| 2025-05-27 | 39.95% |
| 2025-05-23 | 39.95% |
| 2025-05-22 | 39.95% |
| 2025-05-21 | 39.94% |
| 2025-05-20 | 39.96% |
| 2025-05-19 | 39.95% |
| 2025-05-16 | 39.96% |
| 2025-05-15 | 39.95% |
| 2025-05-14 | 39.95% |
| 2025-05-13 | 39.95% |
| 2025-05-12 | 39.95% |
| 2025-05-09 | 39.95% |
| 2025-05-08 | 39.95% |
| 2025-05-07 | 39.95% |
| 2025-05-06 | 39.95% |
| 2025-05-05 | 39.96% |
| 2025-05-02 | 39.95% |
| 2025-05-01 | 39.95% |
| 2025-04-30 | 39.95% |
| 2025-04-29 | 39.96% |
| 2025-04-28 | 39.96% |
| 2025-04-25 | 39.95% |
| 2025-04-24 | 39.95% |
| 2025-04-23 | 39.95% |
| 2025-04-22 | 39.96% |
| 2025-04-21 | 39.95% |
| 2025-04-17 | 39.80% |
| 2025-04-16 | 39.80% |
| 2025-04-15 | 39.80% |
| 2025-04-14 | 39.81% |
| 2025-04-11 | 39.80% |
| 2025-04-10 | 39.80% |
| 2025-04-09 | 39.81% |
| 2025-04-08 | 39.80% |
| 2025-04-07 | 39.81% |
| 2025-04-04 | 39.81% |
| 2025-04-03 | 39.81% |
| 2025-04-02 | 38.52% |
| 2025-04-01 | 38.52% |
| 2025-03-31 | 38.53% |
| 2025-03-28 | 38.53% |
| 2025-03-27 | 38.52% |
| 2025-03-26 | 38.53% |
| 2025-03-25 | 38.52% |
| 2025-03-24 | 38.53% |
| 2025-03-21 | 38.53% |
| 2025-03-20 | 38.52% |
| 2025-03-19 | 38.53% |
| 2025-03-18 | 38.53% |
| 2025-03-17 | 38.52% |
| 2025-03-14 | 38.52% |
| 2025-03-13 | 38.53% |
| 2025-03-12 | 38.52% |
| 2025-03-11 | 38.52% |
| 2025-03-10 | 38.52% |
| 2025-03-07 | 38.52% |
| 2025-03-06 | 38.53% |
| 2025-03-05 | 38.53% |
| 2025-03-04 | 38.52% |
| 2025-03-03 | 38.52% |
| 2025-02-28 | 38.52% |
| 2025-02-27 | 38.53% |
| 2025-02-26 | 38.52% |
| 2025-02-25 | 38.53% |
| 2025-02-24 | 38.52% |
| 2025-02-21 | 38.52% |
| 2025-02-20 | 38.52% |
| 2025-02-19 | 38.52% |
| 2025-02-18 | 38.52% |
| 2025-02-14 | 38.52% |
| 2025-02-13 | 38.53% |
| 2025-02-12 | 38.53% |
| 2025-02-11 | 38.52% |
| 2025-02-10 | 38.85% |
| 2025-02-07 | 38.85% |
| 2025-02-06 | 38.85% |
| 2025-02-05 | 38.85% |
| 2025-02-04 | 38.85% |
| 2025-02-03 | 38.86% |
| 2025-01-31 | 38.86% |
| 2025-01-30 | 38.86% |
| 2025-01-29 | 28.82% |
| 2025-01-28 | 28.82% |
Showing the most recent 260 of 2,583 data points. The chart above shows the full history.
| $1.84 |
| 46.2% |
| 2019-12-31 | $3.44 | $1.74 | 50.6% |
| 2018-12-31 | $3.26 | $1.58 | 48.5% |
| 2017-12-31 | $2.91 | $1.43 | 49.1% |
| 2016-12-31 | $3.41 | $1.30 | 38.1% |
| 2015-12-31 | $3.01 | $1.18 | 39.2% |
| 2014-12-31 | $2.69 | $1.06 | 39.4% |
| 2013-12-31 | $2.47 | $0.96 | 38.9% |
| 2012-12-31 | $2.16 | $0.90 | 41.7% |
| 2011-12-31 | $1.83 | $0.86 | 47.0% |
| 2010-12-31 | $1.58 | $0.81 | 51.3% |
| 2009-12-31 | $0.46 | $0.80 | 173.9% |
| 2008-12-31 | ($0.14) | $0.80 | N/A (Loss) |
| 2007-12-31 | $4.59 | $0.76 | 16.6% |
| 2006-12-31 | $1.80 | $0.68 | 37.8% |
| 2005-12-31 | $0.75 | $0.68 | 90.7% |
| 2004-12-31 | $0.33 | $0.99 | 300.0% |
| 2003-12-31 | $2.89 | $1.49 | 51.6% |
| 2002-12-31 | $2.52 | $1.09 | 43.3% |
| 2001-12-31 | $1.77 | $1.03 | 58.2% |
| 2000-12-31 | $2.17 | $0.95 | 43.8% |
| 1999-12-31 | $1.38 | $0.85 | 61.6% |
| 1998-12-31 | $1.55 | $0.73 | 47.3% |
| 1997-12-31 | $0.81 | $0.63 | 78.2% |
| 1996-12-31 | $1.06 | $0.55 | 51.9% |
