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 74.88% is 14% below its 5-year average of 87.03%, near the low end of its 5-year range (58.80%–145.52%).
As of Saturday, July 25, 2026. 2.44% below its 12-month average of 76.76%.
Dividend Payout Ratio (74.88%) = TTM Dividends/Share ($4.20) / TTM EPS ($5.61)
DIVIDEND PAYOUT RATIO
74.88%
DIVIDEND PAYOUT RATIO AVG TTM
76.76%
DIVIDEND PAYOUT RATIO AVG 3Y
76.60%
DIVIDEND PAYOUT RATIO AVG 5Y
87.03%
DIVIDEND PAYOUT RATIO AVG 10Y
124.91%
DIVIDEND PAYOUT RATIO AVG 15Y
119.75%
DIVIDEND PAYOUT RATIO AVG 20Y
101.07%
CURRENT VS TTM AVG
-2.44%
CURRENT VS 3Y AVG
-2.24%
CURRENT VS 5Y AVG
-13.95%
CURRENT VS 10Y AVG
-40.05%
CURRENT VS 15Y AVG
-37.46%
CURRENT VS 20Y AVG
-25.91%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $5.43 | $4.12 | 75.9% |
| 2024 | $5.19 | $3.96 | 76.3% |
| 2023 | $5.49 | $3.82 | 69.6% |
| 2022 | $3.85 | $3.74 | 97.1% |
| 2021 | $3.36 | $3.74 | 111.3% |
| 2020 | $1.42 | $3.74 |
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 |
|---|---|
| 2026-07-24 | 74.88% |
| 2026-07-23 | 74.87% |
| 2026-07-22 | 74.84% |
| 2026-07-21 | 74.87% |
| 2026-07-20 | 74.88% |
| 2026-07-17 | 74.87% |
| 2026-07-16 | 74.88% |
| 2026-07-15 | 74.88% |
| 2026-07-14 | 74.86% |
| 2026-07-13 | 74.85% |
| 2026-07-10 | 74.87% |
| 2026-07-09 | 74.85% |
| 2026-07-08 | 74.87% |
| 2026-07-07 | 74.86% |
| 2026-07-06 | 74.84% |
| 2026-07-02 | 74.89% |
| 2026-07-01 | 74.86% |
| 2026-06-30 | 74.88% |
| 2026-06-29 | 74.88% |
| 2026-06-26 | 74.85% |
| 2026-06-25 | 74.88% |
| 2026-06-24 | 74.85% |
| 2026-06-23 | 74.88% |
| 2026-06-22 | 74.86% |
| 2026-06-18 | 74.88% |
| 2026-06-17 | 74.84% |
| 2026-06-16 | 74.89% |
| 2026-06-15 | 74.87% |
| 2026-06-12 | 74.88% |
| 2026-06-11 | 74.87% |
| 2026-06-10 | 74.85% |
| 2026-06-09 | 74.87% |
| 2026-06-08 | 74.85% |
| 2026-06-05 | 74.86% |
| 2026-06-04 | 74.89% |
| 2026-06-03 | 74.85% |
| 2026-06-02 | 74.88% |
| 2026-06-01 | 74.85% |
| 2026-05-29 | 74.85% |
| 2026-05-28 | 74.86% |
| 2026-05-27 | 74.85% |
| 2026-05-26 | 74.86% |
| 2026-05-22 | 74.86% |
| 2026-05-21 | 74.87% |
| 2026-05-20 | 74.88% |
| 2026-05-19 | 74.88% |
| 2026-05-18 | 74.85% |
| 2026-05-15 | 74.88% |
| 2026-05-14 | 74.88% |
| 2026-05-13 | 74.88% |
| 2026-05-12 | 74.85% |
| 2026-05-11 | 74.87% |
| 2026-05-08 | 74.87% |
| 2026-05-07 | 74.88% |
| 2026-05-06 | 74.87% |
| 2026-05-05 | 74.88% |
| 2026-05-04 | 93.25% |
| 2026-05-01 | 74.17% |
| 2026-04-30 | 74.15% |
| 2026-04-29 | 74.15% |
| 2026-04-28 | 76.77% |
| 2026-04-27 | 76.75% |
| 2026-04-24 | 76.73% |
| 2026-04-23 | 76.75% |
| 2026-04-22 | 76.76% |
| 2026-04-21 | 76.78% |
| 2026-04-20 | 76.76% |
| 2026-04-17 | 76.76% |
| 2026-04-16 | 76.75% |
| 2026-04-15 | 76.77% |
| 2026-04-14 | 76.74% |
| 2026-04-13 | 76.74% |
| 2026-04-10 | 76.77% |
| 2026-04-09 | 76.75% |
| 2026-04-08 | 76.76% |
| 2026-04-07 | 76.75% |
| 2026-04-06 | 76.76% |
| 2026-04-02 | 76.75% |
| 2026-04-01 | 76.76% |
| 2026-03-31 | 76.77% |
| 2026-03-30 | 76.75% |
| 2026-03-27 | 76.77% |
| 2026-03-26 | 76.74% |
| 2026-03-25 | 76.77% |
| 2026-03-24 | 76.76% |
| 2026-03-23 | 76.75% |
| 2026-03-20 | 76.76% |
| 2026-03-19 | 76.76% |
| 2026-03-18 | 76.74% |
| 2026-03-17 | 76.75% |
| 2026-03-16 | 76.74% |
| 2026-03-13 | 76.76% |
| 2026-03-12 | 76.75% |
| 2026-03-11 | 76.74% |
| 2026-03-10 | 76.74% |
| 2026-03-09 | 76.75% |
| 2026-03-06 | 76.76% |
| 2026-03-05 | 76.74% |
| 2026-03-04 | 76.76% |
| 2026-03-03 | 76.74% |
| 2026-03-02 | 76.76% |
| 2026-02-27 | 76.75% |
| 2026-02-26 | 76.74% |
| 2026-02-25 | 76.75% |
| 2026-02-24 | 76.74% |
| 2026-02-23 | 76.45% |
| 2026-02-20 | 76.45% |
| 2026-02-19 | 76.47% |
| 2026-02-18 | 76.45% |
| 2026-02-17 | 76.48% |
| 2026-02-13 | 76.48% |
| 2026-02-12 | 76.46% |
| 2026-02-11 | 76.49% |
| 2026-02-10 | 76.46% |
| 2026-02-09 | 76.46% |
| 2026-02-06 | 76.45% |
| 2026-02-05 | 76.47% |
| 2026-02-04 | 76.48% |
| 2026-02-03 | 76.48% |
| 2026-02-02 | 95.43% |
| 2026-01-30 | 75.75% |
| 2026-01-29 | 75.73% |
| 2026-01-28 | 75.74% |
| 2026-01-27 | 75.73% |
| 2026-01-26 | 75.75% |
| 2026-01-23 | 75.74% |
| 2026-01-22 | 75.73% |
| 2026-01-21 | 75.75% |
| 2026-01-20 | 75.71% |
| 2026-01-16 | 75.75% |
| 2026-01-15 | 75.72% |
| 2026-01-14 | 75.72% |
| 2026-01-13 | 75.74% |
| 2026-01-12 | 75.76% |
| 2026-01-09 | 75.71% |
| 2026-01-08 | 75.76% |
| 2026-01-07 | 75.74% |
| 2026-01-06 | 75.75% |
| 2026-01-05 | 75.74% |
| 2026-01-02 | 75.76% |
| 2025-12-31 | 75.73% |
| 2025-12-30 | 75.74% |
| 2025-12-29 | 75.73% |
| 2025-12-26 | 75.73% |
| 2025-12-24 | 75.72% |
| 2025-12-23 | 75.71% |
| 2025-12-22 | 75.76% |
| 2025-12-19 | 75.71% |
| 2025-12-18 | 75.75% |
| 2025-12-17 | 75.74% |
| 2025-12-16 | 75.76% |
| 2025-12-15 | 75.75% |
| 2025-12-12 | 75.75% |
| 2025-12-11 | 75.72% |
| 2025-12-10 | 75.72% |
| 2025-12-09 | 75.74% |
| 2025-12-08 | 75.71% |
| 2025-12-05 | 75.72% |
| 2025-12-04 | 75.73% |
| 2025-12-03 | 75.75% |
| 2025-12-02 | 75.75% |
| 2025-12-01 | 75.71% |
| 2025-11-28 | 75.76% |
| 2025-11-26 | 75.76% |
| 2025-11-25 | 75.74% |
| 2025-11-24 | 75.74% |
| 2025-11-21 | 75.76% |
| 2025-11-20 | 75.76% |
| 2025-11-19 | 75.76% |
| 2025-11-18 | 75.72% |
| 2025-11-17 | 75.75% |
| 2025-11-14 | 75.75% |
| 2025-11-13 | 75.71% |
| 2025-11-12 | 75.76% |
| 2025-11-11 | 75.73% |
| 2025-11-10 | 75.73% |
| 2025-11-07 | 75.72% |
| 2025-11-06 | 75.77% |
| 2025-11-05 | 75.72% |
| 2025-11-04 | 75.72% |
| 2025-11-03 | 75.71% |
| 2025-10-31 | 75.02% |
| 2025-10-30 | 74.97% |
| 2025-10-29 | 74.98% |
| 2025-10-28 | 79.53% |
| 2025-10-27 | 79.55% |
| 2025-10-24 | 79.51% |
| 2025-10-23 | 79.54% |
| 2025-10-22 | 79.56% |
| 2025-10-21 | 79.53% |
| 2025-10-20 | 79.54% |
| 2025-10-17 | 79.51% |
| 2025-10-16 | 79.51% |
| 2025-10-15 | 79.50% |
| 2025-10-14 | 79.51% |
| 2025-10-13 | 79.52% |
| 2025-10-10 | 79.54% |
| 2025-10-09 | 79.54% |
| 2025-10-08 | 79.54% |
| 2025-10-07 | 79.52% |
| 2025-10-06 | 79.55% |
| 2025-10-03 | 79.54% |
| 2025-10-02 | 79.55% |
| 2025-10-01 | 79.55% |
| 2025-09-30 | 79.51% |
| 2025-09-29 | 79.53% |
| 2025-09-26 | 79.51% |
| 2025-09-25 | 79.56% |
| 2025-09-24 | 79.53% |
| 2025-09-23 | 79.52% |
| 2025-09-22 | 79.53% |
| 2025-09-19 | 79.55% |
| 2025-09-18 | 79.52% |
| 2025-09-17 | 79.52% |
| 2025-09-16 | 79.54% |
| 2025-09-15 | 79.51% |
| 2025-09-12 | 79.53% |
| 2025-09-11 | 79.54% |
| 2025-09-10 | 79.54% |
| 2025-09-09 | 79.51% |
| 2025-09-08 | 79.53% |
| 2025-09-05 | 79.54% |
| 2025-09-04 | 79.54% |
| 2025-09-03 | 79.53% |
| 2025-09-02 | 79.56% |
| 2025-08-29 | 79.54% |
| 2025-08-28 | 79.51% |
| 2025-08-27 | 79.56% |
| 2025-08-26 | 79.55% |
| 2025-08-25 | 79.54% |
| 2025-08-22 | 79.54% |
| 2025-08-21 | 79.54% |
| 2025-08-20 | 79.52% |
| 2025-08-19 | 79.55% |
| 2025-08-18 | 79.54% |
| 2025-08-15 | 79.52% |
| 2025-08-14 | 79.53% |
| 2025-08-13 | 79.51% |
| 2025-08-12 | 79.51% |
| 2025-08-11 | 79.55% |
| 2025-08-08 | 79.51% |
| 2025-08-07 | 79.51% |
| 2025-08-06 | 79.51% |
| 2025-08-05 | 79.55% |
| 2025-08-04 | 79.68% |
| 2025-08-01 | 79.70% |
| 2025-07-31 | 78.92% |
| 2025-07-30 | 78.89% |
| 2025-07-29 | 78.89% |
| 2025-07-28 | 78.91% |
| 2025-07-25 | 78.93% |
| 2025-07-24 | 78.92% |
| 2025-07-23 | 78.90% |
| 2025-07-22 | 78.91% |
| 2025-07-21 | 78.91% |
| 2025-07-18 | 78.91% |
| 2025-07-17 | 78.92% |
| 2025-07-16 | 78.89% |
| 2025-07-15 | 78.89% |
| 2025-07-14 | 78.89% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 263.4% |
| 2019 | $3.09 | $3.53 | 114.2% |
| 2018 | $2.80 | $3.24 | 115.9% |
| 2017 | $1.30 | $2.72 | 209.2% |
| 2016 | $1.67 | $2.46 | 147.3% |
| 2015 | $1.17 | $2.43 | 207.7% |
| 2014 | $1.50 | $2.13 | 141.7% |
| 2013 | $1.29 | $1.30 | 100.4% |
| 2012 | $1.75 | $1.11 | 63.5% |
| 2011 | $1.72 | $0.95 | 55.0% |
| 2010 | $1.57 | $0.80 | 50.7% |
| 2009 | $1.45 | $0.72 | 49.5% |
| 2008 | $1.50 | $0.68 | 45.5% |
| 2007 | $1.42 | $0.61 | 43.2% |
| 2006 | $1.37 | $0.53 | 39.0% |
| 2005 | $2.72 | $0.48 | 17.5% |
| 2004 | $1.19 | $0.39 | 32.4% |
| 2003 | $0.74 | $0.30 | 40.8% |
| 2002 | $0.70 | $0.27 | 38.8% |
| 2001 | $0.43 | $0.27 | 63.1% |
| 2000 | $0.62 | $0.27 | 43.8% |
| 1999 | $0.19 | $0.27 | 142.8% |
| 1998 | $0.61 | $0.26 | 43.4% |
| 1997 | $0.53 | $0.26 | 49.6% |
| 1996 | $0.48 | $0.26 | 54.3% |
