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 35.01% is in line with its 5-year average of 32.30%, around the middle of its 5-year range (22.66%–46.72%).
As of Wednesday, August 5, 2026. 5.78% below its 12-month average of 37.16%.
Dividend Payout Ratio (35.01%) = TTM Dividends/Share ($3.28) / TTM EPS ($9.37)
DIVIDEND PAYOUT RATIO
35.01%
DIVIDEND PAYOUT RATIO AVG TTM
37.16%
DIVIDEND PAYOUT RATIO AVG 3Y
35.17%
DIVIDEND PAYOUT RATIO AVG 5Y
32.30%
DIVIDEND PAYOUT RATIO AVG 10Y
28.75%
DIVIDEND PAYOUT RATIO AVG 15Y
25.75%
DIVIDEND PAYOUT RATIO AVG 20Y
25.35%
CURRENT VS TTM AVG
-5.78%
CURRENT VS 3Y AVG
-0.46%
CURRENT VS 5Y AVG
+8.38%
CURRENT VS 10Y AVG
+21.77%
CURRENT VS 15Y AVG
+35.94%
CURRENT VS 20Y AVG
+38.08%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $8.56 | $3.98 | 46.5% |
| 2024 | $8.17 | $2.14 | 26.2% |
| 2023 | $8.54 | $2.66 | 31.1% |
| 2022 | $8.90 | $2.32 | 26.1% |
| 2021 | $7.82 | $1.80 | 23.0% |
| 2020 | $4.32 | $1.54 |
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 |
|---|---|
| 2026-08-04 | 35.01% |
| 2026-08-03 | 35.01% |
| 2026-07-31 | 35.01% |
| 2026-07-30 | 35.01% |
| 2026-07-29 | 35.00% |
| 2026-07-28 | 35.01% |
| 2026-07-27 | 35.01% |
| 2026-07-24 | 35.01% |
| 2026-07-23 | 35.00% |
| 2026-07-22 | 35.01% |
| 2026-07-21 | 35.01% |
| 2026-07-20 | 35.00% |
| 2026-07-17 | 35.00% |
| 2026-07-16 | 35.01% |
| 2026-07-15 | 35.00% |
| 2026-07-14 | 35.00% |
| 2026-07-13 | 35.01% |
| 2026-07-10 | 35.01% |
| 2026-07-09 | 35.00% |
| 2026-07-08 | 35.01% |
| 2026-07-07 | 35.01% |
| 2026-07-06 | 35.00% |
| 2026-07-02 | 35.00% |
| 2026-07-01 | 35.00% |
| 2026-06-30 | 35.01% |
| 2026-06-29 | 35.01% |
| 2026-06-26 | 35.00% |
| 2026-06-25 | 35.00% |
| 2026-06-24 | 35.00% |
| 2026-06-23 | 35.00% |
| 2026-06-22 | 35.01% |
| 2026-06-18 | 35.00% |
| 2026-06-17 | 34.57% |
| 2026-06-16 | 34.58% |
| 2026-06-15 | 34.58% |
| 2026-06-12 | 34.58% |
| 2026-06-11 | 34.57% |
| 2026-06-10 | 34.58% |
| 2026-06-09 | 34.57% |
| 2026-06-08 | 34.58% |
| 2026-06-05 | 34.57% |
| 2026-06-04 | 34.57% |
| 2026-06-03 | 34.58% |
| 2026-06-02 | 34.58% |
| 2026-06-01 | 34.58% |
| 2026-05-29 | 34.57% |
| 2026-05-28 | 34.58% |
| 2026-05-27 | 34.58% |
| 2026-05-26 | 34.58% |
| 2026-05-22 | 34.58% |
| 2026-05-21 | 34.58% |
| 2026-05-20 | 35.03% |
| 2026-05-19 | 35.03% |
| 2026-05-18 | 35.03% |
| 2026-05-15 | 35.03% |
| 2026-05-14 | 35.03% |
| 2026-05-13 | 35.02% |
| 2026-05-12 | 35.03% |
| 2026-05-11 | 35.03% |
| 2026-05-08 | 35.02% |
| 2026-05-07 | 35.03% |
| 2026-05-06 | 35.03% |
| 2026-05-05 | 35.03% |
| 2026-05-04 | 35.03% |
| 2026-05-01 | 35.03% |
| 2026-04-30 | 35.02% |
| 2026-04-29 | 35.03% |
| 2026-04-28 | 35.02% |
| 2026-04-27 | 35.03% |
| 2026-04-24 | 35.03% |
| 2026-04-23 | 35.02% |
| 2026-04-22 | 35.03% |
| 2026-04-21 | 35.02% |
| 2026-04-20 | 35.02% |
| 2026-04-17 | 35.02% |
| 2026-04-16 | 35.02% |
| 2026-04-15 | 35.03% |
| 2026-04-14 | 35.02% |
| 2026-04-13 | 35.02% |
| 2026-04-10 | 35.03% |
| 2026-04-09 | 35.02% |
| 2026-04-08 | 35.02% |
| 2026-04-07 | 35.03% |
| 2026-04-06 | 35.03% |
| 2026-04-02 | 35.02% |
| 2026-04-01 | 35.03% |
| 2026-03-31 | 35.02% |
| 2026-03-30 | 35.02% |
| 2026-03-27 | 35.03% |
| 2026-03-26 | 35.02% |
| 2026-03-25 | 35.03% |
| 2026-03-24 | 35.03% |
| 2026-03-23 | 35.02% |
| 2026-03-20 | 35.02% |
| 2026-03-19 | 43.46% |
| 2026-03-18 | 34.59% |
| 2026-03-17 | 34.60% |
| 2026-03-16 | 34.59% |
| 2026-03-13 | 34.60% |
| 2026-03-12 | 34.59% |
| 2026-03-11 | 34.60% |
| 2026-03-10 | 34.60% |
| 2026-03-09 | 34.59% |
| 2026-03-06 | 34.60% |
| 2026-03-05 | 34.59% |
| 2026-03-04 | 34.59% |
| 2026-03-03 | 34.59% |
| 2026-03-02 | 34.60% |
| 2026-02-27 | 34.59% |
| 2026-02-26 | 34.59% |
| 2026-02-25 | 34.59% |
| 2026-02-24 | 34.59% |
| 2026-02-23 | 34.59% |
| 2026-02-20 | 34.59% |
| 2026-02-19 | 34.60% |
| 2026-02-18 | 37.56% |
| 2026-02-17 | 37.56% |
| 2026-02-13 | 37.56% |
| 2026-02-12 | 37.56% |
| 2026-02-11 | 37.56% |
| 2026-02-10 | 37.56% |
| 2026-02-09 | 37.56% |
| 2026-02-06 | 37.56% |
| 2026-02-05 | 37.56% |
| 2026-02-04 | 37.56% |
| 2026-02-03 | 37.56% |
| 2026-02-02 | 37.56% |
| 2026-01-30 | 37.56% |
| 2026-01-29 | 37.56% |
| 2026-01-28 | 37.56% |
| 2026-01-27 | 37.56% |
| 2026-01-26 | 37.55% |
| 2026-01-23 | 37.56% |
| 2026-01-22 | 37.56% |
| 2026-01-21 | 37.55% |
| 2026-01-20 | 37.56% |
| 2026-01-16 | 37.56% |
| 2026-01-15 | 37.55% |
| 2026-01-14 | 37.55% |
| 2026-01-13 | 37.56% |
| 2026-01-12 | 37.56% |
| 2026-01-09 | 37.56% |
| 2026-01-08 | 37.56% |
| 2026-01-07 | 37.56% |
| 2026-01-06 | 37.56% |
| 2026-01-05 | 37.56% |
| 2026-01-02 | 37.56% |
| 2025-12-31 | 46.71% |
| 2025-12-30 | 46.71% |
| 2025-12-29 | 46.72% |
| 2025-12-26 | 46.72% |
| 2025-12-24 | 46.72% |
| 2025-12-23 | 46.71% |
| 2025-12-22 | 46.71% |
| 2025-12-19 | 46.71% |
| 2025-12-18 | 46.71% |
| 2025-12-17 | 46.71% |
| 2025-12-16 | 39.75% |
| 2025-12-15 | 39.75% |
| 2025-12-12 | 39.75% |
| 2025-12-11 | 39.75% |
| 2025-12-10 | 39.75% |
| 2025-12-09 | 39.74% |
| 2025-12-08 | 39.75% |
| 2025-12-05 | 39.74% |
| 2025-12-04 | 39.75% |
| 2025-12-03 | 39.75% |
| 2025-12-02 | 39.75% |
| 2025-12-01 | 39.74% |
| 2025-11-28 | 39.74% |
| 2025-11-26 | 39.75% |
| 2025-11-25 | 39.75% |
| 2025-11-24 | 39.74% |
| 2025-11-21 | 39.75% |
| 2025-11-20 | 39.75% |
| 2025-11-19 | 39.76% |
| 2025-11-18 | 39.74% |
| 2025-11-17 | 39.74% |
| 2025-11-14 | 39.74% |
| 2025-11-13 | 39.75% |
| 2025-11-12 | 39.75% |
| 2025-11-11 | 39.75% |
| 2025-11-10 | 39.75% |
| 2025-11-07 | 39.75% |
| 2025-11-06 | 39.74% |
| 2025-11-05 | 39.75% |
| 2025-11-04 | 39.75% |
| 2025-11-03 | 39.75% |
| 2025-10-31 | 39.75% |
| 2025-10-30 | 39.75% |
| 2025-10-29 | 39.75% |
| 2025-10-28 | 39.75% |
| 2025-10-27 | 39.75% |
| 2025-10-24 | 39.74% |
| 2025-10-23 | 39.75% |
| 2025-10-22 | 39.74% |
| 2025-10-21 | 39.74% |
| 2025-10-20 | 39.74% |
| 2025-10-17 | 39.75% |
| 2025-10-16 | 39.75% |
| 2025-10-15 | 39.74% |
| 2025-10-14 | 39.74% |
| 2025-10-13 | 39.75% |
| 2025-10-10 | 39.75% |
| 2025-10-09 | 39.74% |
| 2025-10-08 | 39.74% |
| 2025-10-07 | 39.75% |
| 2025-10-06 | 39.75% |
| 2025-10-03 | 39.74% |
| 2025-10-02 | 39.74% |
| 2025-10-01 | 39.75% |
| 2025-09-30 | 39.75% |
| 2025-09-29 | 39.75% |
| 2025-09-26 | 39.74% |
| 2025-09-25 | 39.74% |
| 2025-09-24 | 39.75% |
| 2025-09-23 | 39.75% |
| 2025-09-22 | 39.74% |
| 2025-09-19 | 39.75% |
| 2025-09-18 | 39.74% |
| 2025-09-17 | 39.75% |
| 2025-09-16 | 39.74% |
| 2025-09-15 | 39.75% |
| 2025-09-12 | 39.75% |
| 2025-09-11 | 39.75% |
| 2025-09-10 | 29.43% |
| 2025-09-09 | 29.44% |
| 2025-09-08 | 29.43% |
| 2025-09-05 | 29.44% |
| 2025-09-04 | 29.44% |
| 2025-09-03 | 29.43% |
| 2025-09-02 | 29.43% |
| 2025-08-29 | 29.43% |
| 2025-08-28 | 29.43% |
| 2025-08-27 | 29.44% |
| 2025-08-26 | 39.24% |
| 2025-08-25 | 39.24% |
| 2025-08-22 | 39.24% |
| 2025-08-21 | 39.24% |
| 2025-08-20 | 40.10% |
| 2025-08-19 | 40.11% |
| 2025-08-18 | 40.10% |
| 2025-08-15 | 40.10% |
| 2025-08-14 | 40.10% |
| 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 | 40.10% |
| 2025-08-04 | 40.11% |
| 2025-08-01 | 40.11% |
| 2025-07-31 | 40.10% |
| 2025-07-30 | 40.10% |
| 2025-07-29 | 40.10% |
| 2025-07-28 | 40.11% |
| 2025-07-25 | 40.11% |
| 2025-07-24 | 40.11% |
| 2025-07-23 | 40.10% |
Showing the most recent 260 of 2,528 data points. The chart above shows the full history.
| 35.6% |
| 2019 | $5.87 | $1.46 | 24.9% |
| 2018 | $6.51 | $1.30 | 20.0% |
| 2017 | $5.14 | $1.14 | 22.2% |
| 2016 | $4.76 | $1.02 | 21.4% |
| 2015 | $3.48 | $0.92 | 26.4% |
| 2014 | $3.88 | $0.80 | 20.6% |
| 2013 | $3.45 | $0.66 | 19.1% |
| 2012 | $3.49 | $0.55 | 15.8% |
| 2011 | $3.29 | $0.46 | 14.0% |
| 2010 | $2.49 | $0.40 | 16.1% |
| 2009 | ($2.38) | $0.37 | N/A (Loss) |
| 2008 | $1.74 | $0.37 | 21.0% |
| 2007 | $1.35 | $0.35 | 26.2% |
| 2006 | $1.36 | $0.34 | 25.0% |
| 2005 | $1.10 | $0.33 | 29.5% |
| 2004 | $0.89 | $0.32 | 35.4% |
| 2003 | $0.62 | $0.30 | 49.2% |
| 2002 | $0.33 | $0.29 | 87.9% |
| 2001 | $0.38 | $0.28 | 73.7% |
| 2000 | $0.84 | $0.27 | 31.5% |
| 1999 | $0.72 | $0.24 | 34.0% |
| 1998 | $0.32 | $0.23 | 70.3% |
| 1997 | $0.73 | $0.21 | 28.1% |
| 1996 | $0.75 | $0.18 | 24.7% |
