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 62.72% is in line with its 5-year average of 62.66%, around the middle of its 5-year range (46.81%–81.48%).
As of Saturday, July 25, 2026. 0.71% above its 12-month average of 62.28%.
Dividend Payout Ratio (62.72%) = TTM Dividends/Share ($4.29) / TTM EPS ($6.84)
DIVIDEND PAYOUT RATIO
62.72%
DIVIDEND PAYOUT RATIO AVG TTM
62.28%
DIVIDEND PAYOUT RATIO AVG 3Y
62.63%
DIVIDEND PAYOUT RATIO AVG 5Y
62.49%
DIVIDEND PAYOUT RATIO AVG 10Y
63.08%
DIVIDEND PAYOUT RATIO AVG 15Y
63.18%
DIVIDEND PAYOUT RATIO AVG 20Y
58.27%
CURRENT VS TTM AVG
+0.71%
CURRENT VS 3Y AVG
+0.15%
CURRENT VS 5Y AVG
+0.37%
CURRENT VS 10Y AVG
-0.57%
CURRENT VS 15Y AVG
-0.72%
CURRENT VS 20Y AVG
+7.65%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $6.67 | $4.18 | 62.6% |
| 2024 | $6.18 | $3.96 | 64.1% |
| 2023 | $6.07 | $3.74 | 61.5% |
| 2022 | $6.00 | $3.61 | 60.2% |
| 2021 | $5.69 | $3.40 | 59.8% |
| 2020 | $5.13 | $3.12 |
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 | 62.72% |
| 2026-07-23 | 46.82% |
| 2026-07-22 | 46.81% |
| 2026-07-21 | 46.81% |
| 2026-07-20 | 46.81% |
| 2026-07-17 | 62.27% |
| 2026-07-16 | 62.27% |
| 2026-07-15 | 62.25% |
| 2026-07-14 | 62.27% |
| 2026-07-13 | 62.26% |
| 2026-07-10 | 62.27% |
| 2026-07-09 | 62.27% |
| 2026-07-08 | 62.28% |
| 2026-07-07 | 62.26% |
| 2026-07-06 | 62.27% |
| 2026-07-02 | 62.28% |
| 2026-07-01 | 62.25% |
| 2026-06-30 | 62.27% |
| 2026-06-29 | 62.26% |
| 2026-06-26 | 62.27% |
| 2026-06-25 | 62.26% |
| 2026-06-24 | 62.27% |
| 2026-06-23 | 62.28% |
| 2026-06-22 | 62.26% |
| 2026-06-18 | 62.28% |
| 2026-06-17 | 62.26% |
| 2026-06-16 | 62.25% |
| 2026-06-15 | 62.27% |
| 2026-06-12 | 62.26% |
| 2026-06-11 | 62.27% |
| 2026-06-10 | 62.26% |
| 2026-06-09 | 62.28% |
| 2026-06-08 | 62.25% |
| 2026-06-05 | 62.25% |
| 2026-06-04 | 62.26% |
| 2026-06-03 | 62.28% |
| 2026-06-02 | 62.27% |
| 2026-06-01 | 62.27% |
| 2026-05-29 | 62.27% |
| 2026-05-28 | 62.26% |
| 2026-05-27 | 62.26% |
| 2026-05-26 | 62.26% |
| 2026-05-22 | 62.27% |
| 2026-05-21 | 62.25% |
| 2026-05-20 | 62.25% |
| 2026-05-19 | 62.27% |
| 2026-05-18 | 62.27% |
| 2026-05-15 | 62.27% |
| 2026-05-14 | 62.25% |
| 2026-05-13 | 62.28% |
| 2026-05-12 | 62.27% |
| 2026-05-11 | 62.27% |
| 2026-05-08 | 62.27% |
| 2026-05-07 | 62.25% |
| 2026-05-06 | 62.26% |
| 2026-05-05 | 62.25% |
| 2026-05-04 | 62.27% |
| 2026-05-01 | 62.27% |
| 2026-04-30 | 62.25% |
| 2026-04-29 | 62.26% |
| 2026-04-28 | 62.27% |
| 2026-04-27 | 62.28% |
| 2026-04-24 | 62.25% |
| 2026-04-23 | 46.98% |
| 2026-04-22 | 46.96% |
| 2026-04-21 | 46.96% |
| 2026-04-20 | 62.64% |
| 2026-04-17 | 62.63% |
| 2026-04-16 | 62.62% |
| 2026-04-15 | 62.62% |
| 2026-04-14 | 62.63% |
| 2026-04-13 | 62.62% |
| 2026-04-10 | 62.64% |
| 2026-04-09 | 62.63% |
| 2026-04-08 | 62.63% |
| 2026-04-07 | 62.62% |
| 2026-04-06 | 62.62% |
| 2026-04-02 | 62.62% |
| 2026-04-01 | 62.63% |
| 2026-03-31 | 62.63% |
| 2026-03-30 | 62.63% |
| 2026-03-27 | 62.62% |
| 2026-03-26 | 62.63% |
| 2026-03-25 | 62.62% |
| 2026-03-24 | 62.63% |
| 2026-03-23 | 62.62% |
| 2026-03-20 | 62.61% |
| 2026-03-19 | 62.63% |
| 2026-03-18 | 62.61% |
| 2026-03-17 | 62.62% |
| 2026-03-16 | 62.64% |
| 2026-03-13 | 62.63% |
| 2026-03-12 | 62.64% |
| 2026-03-11 | 62.61% |
| 2026-03-10 | 62.62% |
| 2026-03-09 | 62.64% |
| 2026-03-06 | 62.63% |
| 2026-03-05 | 62.62% |
| 2026-03-04 | 62.62% |
| 2026-03-03 | 62.62% |
| 2026-03-02 | 62.62% |
| 2026-02-27 | 62.62% |
| 2026-02-26 | 62.63% |
| 2026-02-25 | 62.64% |
| 2026-02-24 | 62.64% |
| 2026-02-23 | 62.63% |
| 2026-02-20 | 62.63% |
| 2026-02-19 | 62.62% |
| 2026-02-18 | 62.63% |
| 2026-02-17 | 62.63% |
| 2026-02-13 | 62.61% |
| 2026-02-12 | 62.62% |
| 2026-02-11 | 62.62% |
| 2026-02-10 | 62.63% |
| 2026-02-09 | 62.63% |
| 2026-02-06 | 62.62% |
| 2026-02-05 | 62.63% |
| 2026-02-04 | 62.63% |
| 2026-02-03 | 62.62% |
| 2026-02-02 | 62.61% |
| 2026-01-30 | 62.61% |
| 2026-01-29 | 62.63% |
| 2026-01-28 | 62.63% |
| 2026-01-27 | 62.64% |
| 2026-01-26 | 62.63% |
| 2026-01-23 | 77.52% |
| 2026-01-22 | 61.87% |
| 2026-01-21 | 60.97% |
| 2026-01-20 | 60.98% |
| 2026-01-16 | 60.98% |
| 2026-01-15 | 60.97% |
| 2026-01-14 | 60.96% |
| 2026-01-13 | 60.99% |
| 2026-01-12 | 60.97% |
| 2026-01-09 | 60.97% |
| 2026-01-08 | 60.97% |
| 2026-01-07 | 60.97% |
| 2026-01-06 | 60.96% |
| 2026-01-05 | 60.97% |
| 2026-01-02 | 60.98% |
| 2025-12-31 | 60.97% |
| 2025-12-30 | 60.98% |
| 2025-12-29 | 60.99% |
| 2025-12-26 | 60.98% |
| 2025-12-24 | 60.97% |
| 2025-12-23 | 60.97% |
| 2025-12-22 | 60.97% |
| 2025-12-19 | 60.98% |
| 2025-12-18 | 60.97% |
| 2025-12-17 | 60.98% |
| 2025-12-16 | 60.98% |
| 2025-12-15 | 60.99% |
| 2025-12-12 | 60.97% |
| 2025-12-11 | 60.98% |
| 2025-12-10 | 60.97% |
| 2025-12-09 | 60.96% |
| 2025-12-08 | 60.99% |
| 2025-12-05 | 60.97% |
| 2025-12-04 | 60.98% |
| 2025-12-03 | 60.98% |
| 2025-12-02 | 60.97% |
| 2025-12-01 | 60.97% |
| 2025-11-28 | 60.98% |
| 2025-11-26 | 60.97% |
| 2025-11-25 | 60.98% |
| 2025-11-24 | 60.99% |
| 2025-11-21 | 60.97% |
| 2025-11-20 | 60.97% |
| 2025-11-19 | 60.98% |
| 2025-11-18 | 60.98% |
| 2025-11-17 | 60.98% |
| 2025-11-14 | 60.98% |
| 2025-11-13 | 60.98% |
| 2025-11-12 | 60.98% |
| 2025-11-11 | 60.96% |
| 2025-11-10 | 60.97% |
| 2025-11-07 | 60.99% |
| 2025-11-06 | 60.97% |
| 2025-11-05 | 60.97% |
| 2025-11-04 | 60.96% |
| 2025-11-03 | 60.98% |
| 2025-10-31 | 60.97% |
| 2025-10-30 | 60.99% |
| 2025-10-29 | 60.98% |
| 2025-10-28 | 60.98% |
| 2025-10-27 | 60.97% |
| 2025-10-24 | 60.97% |
| 2025-10-23 | 47.93% |
| 2025-10-22 | 47.93% |
| 2025-10-21 | 47.93% |
| 2025-10-20 | 47.92% |
| 2025-10-17 | 63.40% |
| 2025-10-16 | 63.39% |
| 2025-10-15 | 63.40% |
| 2025-10-14 | 63.38% |
| 2025-10-13 | 63.40% |
| 2025-10-10 | 63.38% |
| 2025-10-09 | 63.39% |
| 2025-10-08 | 63.40% |
| 2025-10-07 | 63.38% |
| 2025-10-06 | 63.38% |
| 2025-10-03 | 63.39% |
| 2025-10-02 | 63.40% |
| 2025-10-01 | 63.39% |
| 2025-09-30 | 63.38% |
| 2025-09-29 | 63.38% |
| 2025-09-26 | 63.40% |
| 2025-09-25 | 63.38% |
| 2025-09-24 | 63.38% |
| 2025-09-23 | 63.40% |
| 2025-09-22 | 63.38% |
| 2025-09-19 | 63.39% |
| 2025-09-18 | 63.40% |
| 2025-09-17 | 63.39% |
| 2025-09-16 | 63.39% |
| 2025-09-15 | 63.39% |
| 2025-09-12 | 63.38% |
| 2025-09-11 | 63.40% |
| 2025-09-10 | 63.39% |
| 2025-09-09 | 63.38% |
| 2025-09-08 | 63.40% |
| 2025-09-05 | 63.39% |
| 2025-09-04 | 63.38% |
| 2025-09-03 | 63.40% |
| 2025-09-02 | 63.39% |
| 2025-08-29 | 63.38% |
| 2025-08-28 | 63.39% |
| 2025-08-27 | 63.39% |
| 2025-08-26 | 63.39% |
| 2025-08-25 | 63.40% |
| 2025-08-22 | 63.38% |
| 2025-08-21 | 63.38% |
| 2025-08-20 | 63.38% |
| 2025-08-19 | 63.38% |
| 2025-08-18 | 63.39% |
| 2025-08-15 | 63.39% |
| 2025-08-14 | 63.40% |
| 2025-08-13 | 63.38% |
| 2025-08-12 | 63.38% |
| 2025-08-11 | 63.40% |
| 2025-08-08 | 63.39% |
| 2025-08-07 | 63.40% |
| 2025-08-06 | 63.39% |
| 2025-08-05 | 63.39% |
| 2025-08-04 | 63.39% |
| 2025-08-01 | 65.49% |
| 2025-07-31 | 65.49% |
| 2025-07-30 | 65.51% |
| 2025-07-29 | 65.50% |
| 2025-07-28 | 65.51% |
| 2025-07-25 | 65.51% |
| 2025-07-24 | 65.51% |
| 2025-07-23 | 65.49% |
| 2025-07-22 | 65.50% |
| 2025-07-21 | 65.51% |
| 2025-07-18 | 81.48% |
| 2025-07-17 | 64.70% |
| 2025-07-16 | 64.70% |
| 2025-07-15 | 64.69% |
| 2025-07-14 | 64.71% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 60.8% |
| 2019 | $1.45 | $2.95 | 203.8% |
| 2018 | $3.75 | $2.84 | 75.8% |
| 2017 | $5.80 | $2.74 | 47.2% |
| 2016 | $3.80 | $2.67 | 70.3% |
| 2015 | $2.50 | $2.63 | 105.3% |
| 2014 | $4.19 | $2.53 | 60.4% |
| 2013 | $4.04 | $2.37 | 58.6% |
| 2012 | $3.82 | $2.21 | 57.9% |
| 2011 | $4.12 | $2.06 | 49.9% |
| 2010 | $4.32 | $1.89 | 43.6% |
| 2009 | $4.49 | $1.72 | 38.3% |
| 2008 | $3.86 | $1.55 | 40.2% |
| 2007 | $3.22 | $1.36 | 42.2% |
| 2006 | $2.79 | $1.21 | 43.4% |
| 2005 | $2.70 | $1.09 | 40.4% |
| 2004 | $2.34 | $0.98 | 41.8% |
| 2003 | $1.80 | $0.86 | 48.1% |
| 2002 | $1.63 | $0.79 | 48.5% |
| 2001 | $1.08 | $0.73 | 67.6% |
| 2000 | $1.36 | $0.67 | 49.3% |
| 1999 | $1.43 | $0.60 | 42.3% |
| 1998 | $1.25 | $0.54 | 43.0% |
| 1997 | $1.18 | $0.48 | 40.5% |
| 1996 | $1.05 | $0.42 | 40.5% |
