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 33.80% is 23% below its 5-year average of 44.03%, near the low end of its 5-year range (23.29%–65.76%).
As of Friday, September 4, 2026. 12.38% below its 12-month average of 38.57%.
Dividend Payout Ratio (33.80%) = TTM Dividends/Share ($4.15) / TTM EPS ($12.28)
DIVIDEND PAYOUT RATIO
33.80%
DIVIDEND PAYOUT RATIO AVG TTM
38.57%
DIVIDEND PAYOUT RATIO AVG 3Y
46.46%
DIVIDEND PAYOUT RATIO AVG 5Y
44.03%
DIVIDEND PAYOUT RATIO AVG 10Y
35.87%
DIVIDEND PAYOUT RATIO AVG 15Y
31.11%
DIVIDEND PAYOUT RATIO AVG 20Y
29.81%
CURRENT VS TTM AVG
-12.38%
CURRENT VS 3Y AVG
-27.27%
CURRENT VS 5Y AVG
-23.24%
CURRENT VS 10Y AVG
-5.77%
CURRENT VS 15Y AVG
+8.64%
CURRENT VS 20Y AVG
+13.37%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $10.34 | $3.85 | 37.2% |
| 2024-12-31 | $8.04 | $3.55 | 44.2% |
| 2023-12-31 | $5.24 | $3.25 | 62.0% |
| 2022-12-31 | $6.23 | $2.95 | 47.4% |
| 2021-12-31 | $8.16 | $2.10 | 25.7% |
| 2020-12-31 | $6.55 |
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 |
|---|---|
| 2026-09-04 | 33.80% |
| 2026-09-03 | 33.79% |
| 2026-09-02 | 33.80% |
| 2026-09-01 | 33.80% |
| 2026-08-31 | 33.79% |
| 2026-08-28 | 33.80% |
| 2026-08-27 | 33.80% |
| 2026-08-26 | 33.79% |
| 2026-08-25 | 33.79% |
| 2026-08-24 | 33.79% |
| 2026-08-21 | 33.79% |
| 2026-08-20 | 33.79% |
| 2026-08-19 | 33.80% |
| 2026-08-18 | 33.80% |
| 2026-08-17 | 33.80% |
| 2026-08-14 | 33.79% |
| 2026-08-13 | 33.79% |
| 2026-08-12 | 33.79% |
| 2026-08-11 | 33.79% |
| 2026-08-10 | 33.80% |
| 2026-08-07 | 33.80% |
| 2026-08-06 | 33.80% |
| 2026-08-05 | 33.79% |
| 2026-08-04 | 33.79% |
| 2026-08-03 | 37.72% |
| 2026-07-31 | 37.73% |
| 2026-07-30 | 36.37% |
| 2026-07-29 | 36.37% |
| 2026-07-28 | 36.36% |
| 2026-07-27 | 36.37% |
| 2026-07-24 | 36.37% |
| 2026-07-23 | 36.36% |
| 2026-07-22 | 36.36% |
| 2026-07-21 | 36.36% |
| 2026-07-20 | 36.37% |
| 2026-07-17 | 36.36% |
| 2026-07-16 | 36.36% |
| 2026-07-15 | 36.37% |
| 2026-07-14 | 36.37% |
| 2026-07-13 | 36.37% |
| 2026-07-10 | 36.37% |
| 2026-07-09 | 36.36% |
| 2026-07-08 | 36.36% |
| 2026-07-07 | 36.37% |
| 2026-07-06 | 36.36% |
| 2026-07-02 | 36.37% |
| 2026-07-01 | 36.36% |
| 2026-06-30 | 36.36% |
| 2026-06-29 | 36.37% |
| 2026-06-26 | 36.37% |
| 2026-06-25 | 36.36% |
| 2026-06-24 | 36.37% |
| 2026-06-23 | 36.37% |
| 2026-06-22 | 36.36% |
| 2026-06-18 | 36.37% |
| 2026-06-17 | 36.36% |
| 2026-06-16 | 36.37% |
| 2026-06-15 | 36.37% |
| 2026-06-12 | 36.37% |
| 2026-06-11 | 36.36% |
| 2026-06-10 | 36.37% |
| 2026-06-09 | 36.36% |
| 2026-06-08 | 36.36% |
| 2026-06-05 | 36.37% |
| 2026-06-04 | 36.36% |
| 2026-06-03 | 36.36% |
| 2026-06-02 | 36.36% |
| 2026-06-01 | 36.36% |
| 2026-05-29 | 36.37% |
| 2026-05-28 | 36.37% |
| 2026-05-27 | 36.37% |
| 2026-05-26 | 36.36% |
| 2026-05-22 | 36.37% |
| 2026-05-21 | 36.37% |
| 2026-05-20 | 36.37% |
| 2026-05-19 | 36.35% |
| 2026-05-18 | 36.37% |
| 2026-05-15 | 36.36% |
| 2026-05-14 | 36.35% |
| 2026-05-13 | 36.36% |
| 2026-05-12 | 36.36% |
| 2026-05-11 | 36.36% |
| 2026-05-08 | 36.36% |
| 2026-05-07 | 36.37% |
| 2026-05-06 | 36.37% |
| 2026-05-05 | 36.35% |
| 2026-05-04 | 39.21% |
| 2026-05-01 | 39.21% |
| 2026-04-30 | 39.23% |
| 2026-04-29 | 38.48% |
| 2026-04-28 | 38.47% |
| 2026-04-27 | 38.49% |
| 2026-04-24 | 38.48% |
| 2026-04-23 | 38.49% |
| 2026-04-22 | 38.48% |
| 2026-04-21 | 38.48% |
| 2026-04-20 | 38.49% |
| 2026-04-17 | 38.48% |
| 2026-04-16 | 38.47% |
| 2026-04-15 | 38.49% |
| 2026-04-14 | 38.47% |
| 2026-04-13 | 38.48% |
| 2026-04-10 | 38.49% |
| 2026-04-09 | 38.49% |
| 2026-04-08 | 38.49% |
| 2026-04-07 | 38.47% |
| 2026-04-06 | 38.48% |
| 2026-04-02 | 38.49% |
| 2026-04-01 | 38.48% |
| 2026-03-31 | 38.47% |
| 2026-03-30 | 38.49% |
| 2026-03-27 | 38.48% |
| 2026-03-26 | 38.47% |
| 2026-03-25 | 38.48% |
| 2026-03-24 | 38.48% |
| 2026-03-23 | 38.48% |
| 2026-03-20 | 38.48% |
| 2026-03-19 | 38.47% |
| 2026-03-18 | 38.48% |
| 2026-03-17 | 38.47% |
| 2026-03-16 | 38.47% |
| 2026-03-13 | 38.47% |
| 2026-03-12 | 38.47% |
| 2026-03-11 | 38.47% |
| 2026-03-10 | 38.48% |
| 2026-03-09 | 38.48% |
| 2026-03-06 | 38.47% |
| 2026-03-05 | 38.49% |
| 2026-03-04 | 38.48% |
| 2026-03-03 | 38.48% |
| 2026-03-02 | 38.47% |
| 2026-02-27 | 38.47% |
| 2026-02-26 | 38.48% |
| 2026-02-25 | 38.48% |
| 2026-02-24 | 38.48% |
| 2026-02-23 | 38.47% |
| 2026-02-20 | 38.49% |
| 2026-02-19 | 38.49% |
| 2026-02-18 | 40.25% |
| 2026-02-17 | 40.25% |
| 2026-02-13 | 40.25% |
| 2026-02-12 | 40.26% |
| 2026-02-11 | 40.25% |
| 2026-02-10 | 40.27% |
| 2026-02-09 | 40.25% |
| 2026-02-06 | 40.26% |
| 2026-02-05 | 40.25% |
| 2026-02-04 | 40.26% |
| 2026-02-03 | 40.26% |
| 2026-02-02 | 40.25% |
| 2026-01-30 | 49.75% |
| 2026-01-29 | 39.49% |
| 2026-01-28 | 39.48% |
| 2026-01-27 | 39.48% |
| 2026-01-26 | 39.48% |
| 2026-01-23 | 39.49% |
| 2026-01-22 | 39.48% |
| 2026-01-21 | 39.48% |
| 2026-01-20 | 39.49% |
| 2026-01-16 | 39.48% |
| 2026-01-15 | 39.48% |
| 2026-01-14 | 39.48% |
| 2026-01-13 | 39.48% |
| 2026-01-12 | 39.50% |
| 2026-01-09 | 39.49% |
| 2026-01-08 | 39.48% |
| 2026-01-07 | 39.48% |
| 2026-01-06 | 39.49% |
| 2026-01-05 | 39.48% |
| 2026-01-02 | 39.49% |
| 2025-12-31 | 39.49% |
| 2025-12-30 | 39.49% |
| 2025-12-29 | 39.50% |
| 2025-12-26 | 39.48% |
| 2025-12-24 | 39.49% |
| 2025-12-23 | 39.49% |
| 2025-12-22 | 39.49% |
| 2025-12-19 | 39.48% |
| 2025-12-18 | 39.49% |
| 2025-12-17 | 39.49% |
| 2025-12-16 | 39.48% |
| 2025-12-15 | 39.48% |
| 2025-12-12 | 39.49% |
| 2025-12-11 | 39.48% |
| 2025-12-10 | 39.48% |
| 2025-12-09 | 39.48% |
| 2025-12-08 | 39.49% |
| 2025-12-05 | 39.48% |
| 2025-12-04 | 39.49% |
| 2025-12-03 | 39.49% |
| 2025-12-02 | 39.48% |
| 2025-12-01 | 39.49% |
| 2025-11-28 | 39.48% |
| 2025-11-26 | 39.48% |
| 2025-11-25 | 39.49% |
| 2025-11-24 | 39.49% |
| 2025-11-21 | 39.48% |
| 2025-11-20 | 39.49% |
| 2025-11-19 | 39.50% |
| 2025-11-18 | 39.48% |
| 2025-11-17 | 39.48% |
| 2025-11-14 | 39.50% |
| 2025-11-13 | 39.50% |
| 2025-11-12 | 39.49% |
| 2025-11-11 | 39.49% |
| 2025-11-10 | 39.49% |
| 2025-11-07 | 39.48% |
| 2025-11-06 | 39.48% |
| 2025-11-05 | 39.48% |
| 2025-11-04 | 39.48% |
| 2025-11-03 | 39.48% |
| 2025-10-31 | 43.59% |
| 2025-10-30 | 42.76% |
| 2025-10-29 | 42.76% |
| 2025-10-28 | 42.75% |
| 2025-10-27 | 42.75% |
| 2025-10-24 | 42.76% |
| 2025-10-23 | 42.75% |
| 2025-10-22 | 42.76% |
| 2025-10-21 | 42.75% |
| 2025-10-20 | 42.74% |
| 2025-10-17 | 42.75% |
| 2025-10-16 | 42.75% |
| 2025-10-15 | 42.75% |
| 2025-10-14 | 42.75% |
| 2025-10-13 | 42.76% |
| 2025-10-10 | 42.76% |
| 2025-10-09 | 42.76% |
| 2025-10-08 | 42.76% |
| 2025-10-07 | 42.74% |
| 2025-10-06 | 42.74% |
| 2025-10-03 | 42.76% |
| 2025-10-02 | 42.76% |
| 2025-10-01 | 42.76% |
| 2025-09-30 | 42.75% |
| 2025-09-29 | 42.75% |
| 2025-09-26 | 42.75% |
| 2025-09-25 | 42.75% |
| 2025-09-24 | 42.75% |
| 2025-09-23 | 42.76% |
| 2025-09-22 | 42.75% |
| 2025-09-19 | 42.75% |
| 2025-09-18 | 42.74% |
| 2025-09-17 | 42.76% |
| 2025-09-16 | 42.76% |
| 2025-09-15 | 42.75% |
| 2025-09-12 | 42.75% |
| 2025-09-11 | 42.75% |
| 2025-09-10 | 42.74% |
| 2025-09-09 | 42.75% |
| 2025-09-08 | 42.75% |
| 2025-09-05 | 42.75% |
| 2025-09-04 | 42.76% |
| 2025-09-03 | 42.75% |
| 2025-09-02 | 42.76% |
| 2025-08-29 | 42.75% |
| 2025-08-28 | 42.76% |
| 2025-08-27 | 42.76% |
| 2025-08-26 | 42.75% |
| 2025-08-25 | 42.75% |
Showing the most recent 260 of 2,467 data points. The chart above shows the full history.
| $1.40 |
| 21.4% |
| 2019-12-31 | $5.26 | $1.30 | 24.7% |
| 2018-12-31 | $4.82 | $1.10 | 22.8% |
| 2017-12-31 | $3.08 | $0.90 | 29.2% |
| 2016-12-31 | $2.98 | $0.70 | 23.5% |
| 2015-12-31 | $2.98 | $0.55 | 18.5% |
| 2014-12-31 | $1.64 | $0.35 | 21.3% |
| 2013-12-31 | $1.39 | $0.20 | 14.4% |
| 2012-12-31 | ($0.02) | $0.20 | N/A (Loss) |
| 2011-12-31 | $1.25 | $0.20 | 16.0% |
| 2010-12-31 | $2.64 | $0.20 | 7.6% |
| 2009-12-31 | ($0.77) | $0.44 | N/A (Loss) |
| 2008-11-30 | $1.45 | $1.08 | 74.5% |
| 2007-11-30 | $3.14 | $1.08 | 34.4% |
| 2006-11-30 | $7.38 | $1.08 | 14.6% |
| 2005-11-30 | $4.66 | $1.08 | 23.2% |
| 2004-11-30 | $4.15 | $1.00 | 24.1% |
| 2003-11-30 | $3.52 | $0.92 | 26.1% |
| 2002-11-30 | $2.76 | $0.92 | 33.3% |
| 2001-11-30 | $3.21 | $0.92 | 28.7% |
| 2000-11-30 | $4.95 | $0.80 | 16.2% |
| 1999-11-30 | $4.33 | $0.48 | 11.1% |
| 1998-11-30 | $2.80 | $0.40 | 14.3% |
| 1997-11-30 | $2.19 | $0.21 | 9.6% |
| 1996-12-31 | $1.40 | $0.28 | 19.6% |
