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 86.90% is in line with its 1-year average of 80.37%, near the high end of its 1-year range (73.83%–86.90%).
As of the fiscal period ended Wednesday, December 31, 2025. 8.13% above its 12-month average of 80.37%.
Dividend Payout Ratio (86.90%) = TTM Dividends/Share ($3.68) / TTM EPS ($4.24)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted.
DIVIDEND PAYOUT RATIO
86.90%
DIVIDEND PAYOUT RATIO AVG TTM
80.37%
DIVIDEND PAYOUT RATIO AVG 3Y
80.37%
DIVIDEND PAYOUT RATIO AVG 5Y
80.37%
DIVIDEND PAYOUT RATIO AVG 10Y
72.08%
DIVIDEND PAYOUT RATIO AVG 15Y
61.00%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+8.13%
CURRENT VS 3Y AVG
+8.13%
CURRENT VS 5Y AVG
+8.13%
CURRENT VS 10Y AVG
+20.56%
CURRENT VS 15Y AVG
+42.47%
CURRENT VS 20Y AVG
N/A
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $4.24 | $3.68 | 86.9% |
| 2024 | $4.61 | $3.41 | 73.9% |
| 2023 | $5.02 | $3.19 | 63.4% |
| 2022 | $3.70 | $3.04 | 82.3% |
| 2021 | $6.64 | $3.07 | 46.2% |
| 2020 | $4.86 | $2.76 | 56.8% |
| 2019 | $4.44 | $2.03 | 45.8% |
| 2018 | $3.41 | $2.53 | 74.2% |
| 2017 | $2.37 | $2.30 | 97.2% |
| 2016 | $2.71 | $2.26 | 83.6% |
| 2015 | $2.89 | $2.32 | 80.2% |
| 2014 | $4.55 | $2.42 | 53.2% |
| 2013 | $3.51 | $2.18 | 62.0% |
| 2012 | $3.51 | $2.10 | 60.0% |
| 2011 | $3.16 | $1.92 | 60.7% |
| 2010 | $10.85 | $1.49 | 13.7% |
| 2009 | $2.82 | $1.20 | 42.4% |
| 2008 | $4.55 | $1.21 | 26.5% |
| 2007 | $2.45 | $0.86 | 35.1% |
| 2006 | $1.96 | $0.69 | 35.3% |
| 2005 | $1.58 | $0.67 | 42.3% |
| 2004 | $1.49 | $0.56 | 37.3% |
| 2003 | $1.30 | $0.53 | 40.5% |
| 2002 | $1.41 | $0.38 | 27.2% |
| 2001 | $1.03 | $0.32 | 30.9% |
| 2000 | $0.92 | $0.00 | 0.0% |
| 1999 | $3.84 | $0.00 | 0.0% |
| 1998 | $3.89 | $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 | 86.90% |
| 2024-12-31 | 73.83% |
| 2019-12-31 | 45.71% |
| 2018-12-31 | 74.06% |
| 2015-12-31 | 79.89% |
| 2014-12-31 | 53.12% |
| 2013-12-31 | 61.74% |
| 2012-12-31 | 60.05% |
| 2010-12-31 | 13.68% |
| 2009-12-31 | 42.39% |
| 2008-12-31 | 26.51% |
