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 92.65% is in line with its 5-year average of 99.17%, around the middle of its 5-year range (44.46%–144.35%).
As of Sunday, July 26, 2026. 16.47% below its 12-month average of 110.92%.
Dividend Payout Ratio (92.65%) = TTM Dividends/Share ($4.16) / TTM EPS ($4.49)
DIVIDEND PAYOUT RATIO
92.65%
DIVIDEND PAYOUT RATIO AVG TTM
110.92%
DIVIDEND PAYOUT RATIO AVG 3Y
108.84%
DIVIDEND PAYOUT RATIO AVG 5Y
103.19%
DIVIDEND PAYOUT RATIO AVG 10Y
90.78%
DIVIDEND PAYOUT RATIO AVG 15Y
90.37%
DIVIDEND PAYOUT RATIO AVG 20Y
94.45%
CURRENT VS TTM AVG
-16.47%
CURRENT VS 3Y AVG
-14.88%
CURRENT VS 5Y AVG
-10.22%
CURRENT VS 10Y AVG
+2.06%
CURRENT VS 15Y AVG
+2.52%
CURRENT VS 20Y AVG
-1.90%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.57 | $4.04 | 113.2% |
| 2024 | $4.03 | $3.84 | 95.3% |
| 2023 | $3.30 | $3.48 | 105.5% |
| 2022 | $4.15 | $3.16 | 76.1% |
| 2021 | $3.86 | $2.52 | 65.3% |
| 2020 | $1.97 | $2.32 |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-07-24 | 92.65% |
| 2026-07-23 | 92.65% |
| 2026-07-22 | 92.66% |
| 2026-07-21 | 92.64% |
| 2026-07-20 | 92.66% |
| 2026-07-17 | 92.65% |
| 2026-07-16 | 92.65% |
| 2026-07-15 | 105.06% |
| 2026-07-14 | 105.04% |
| 2026-07-13 | 105.05% |
| 2026-07-10 | 105.04% |
| 2026-07-09 | 105.06% |
| 2026-07-08 | 105.06% |
| 2026-07-07 | 105.06% |
| 2026-07-06 | 105.04% |
| 2026-07-02 | 105.05% |
| 2026-07-01 | 105.06% |
| 2026-06-30 | 105.05% |
| 2026-06-29 | 105.04% |
| 2026-06-26 | 105.06% |
| 2026-06-25 | 105.06% |
| 2026-06-24 | 105.04% |
| 2026-06-23 | 105.05% |
| 2026-06-22 | 105.05% |
| 2026-06-18 | 105.05% |
| 2026-06-17 | 105.05% |
| 2026-06-16 | 130.56% |
| 2026-06-15 | 103.54% |
| 2026-06-12 | 103.53% |
| 2026-06-11 | 103.54% |
| 2026-06-10 | 103.53% |
| 2026-06-09 | 103.53% |
| 2026-06-08 | 103.55% |
| 2026-06-05 | 103.54% |
| 2026-06-04 | 103.53% |
| 2026-06-03 | 103.53% |
| 2026-06-02 | 103.54% |
| 2026-06-01 | 103.55% |
| 2026-05-29 | 103.54% |
| 2026-05-28 | 103.54% |
| 2026-05-27 | 103.54% |
| 2026-05-26 | 103.55% |
| 2026-05-22 | 103.53% |
| 2026-05-21 | 103.53% |
| 2026-05-20 | 103.55% |
| 2026-05-19 | 103.54% |
| 2026-05-18 | 103.54% |
| 2026-05-15 | 103.54% |
| 2026-05-14 | 103.55% |
| 2026-05-13 | 103.54% |
| 2026-05-12 | 103.53% |
| 2026-05-11 | 103.53% |
| 2026-05-08 | 103.55% |
| 2026-05-07 | 103.53% |
| 2026-05-06 | 103.55% |
| 2026-05-05 | 103.53% |
| 2026-05-04 | 103.53% |
| 2026-05-01 | 103.54% |
| 2026-04-30 | 103.52% |
| 2026-04-29 | 115.81% |
| 2026-04-28 | 115.82% |
| 2026-04-27 | 115.81% |
| 2026-04-24 | 115.82% |
| 2026-04-23 | 115.82% |
| 2026-04-22 | 115.82% |
| 2026-04-21 | 115.82% |
| 2026-04-20 | 115.82% |
| 2026-04-17 | 115.82% |
| 2026-04-16 | 115.82% |
| 2026-04-15 | 115.81% |
| 2026-04-14 | 115.81% |
| 2026-04-13 | 115.81% |
| 2026-04-10 | 115.81% |
| 2026-04-09 | 115.82% |
| 2026-04-08 | 115.83% |
| 2026-04-07 | 115.81% |
| 2026-04-06 | 115.83% |
| 2026-04-02 | 115.82% |
| 2026-04-01 | 115.81% |
| 2026-03-31 | 115.82% |
| 2026-03-30 | 115.82% |
| 2026-03-27 | 115.81% |
| 2026-03-26 | 115.82% |
| 2026-03-25 | 115.80% |
| 2026-03-24 | 115.81% |
| 2026-03-23 | 115.82% |
| 2026-03-20 | 115.82% |
| 2026-03-19 | 115.82% |
| 2026-03-18 | 115.81% |
| 2026-03-17 | 144.35% |
| 2026-03-16 | 114.12% |
| 2026-03-13 | 114.13% |
| 2026-03-12 | 114.12% |
| 2026-03-11 | 114.14% |
| 2026-03-10 | 114.11% |
| 2026-03-09 | 114.13% |
| 2026-03-06 | 114.14% |
| 2026-03-05 | 114.12% |
| 2026-03-04 | 114.11% |
| 2026-03-03 | 114.12% |
| 2026-03-02 | 114.13% |
| 2026-02-27 | 114.11% |
| 2026-02-26 | 114.13% |
| 2026-02-25 | 114.13% |
| 2026-02-24 | 114.12% |
| 2026-02-23 | 114.13% |
| 2026-02-20 | 114.11% |
| 2026-02-19 | 114.13% |
| 2026-02-18 | 114.11% |
| 2026-02-17 | 114.13% |
| 2026-02-13 | 114.13% |
| 2026-02-12 | 118.14% |
| 2026-02-11 | 118.13% |
| 2026-02-10 | 118.14% |
| 2026-02-09 | 118.13% |
| 2026-02-06 | 118.12% |
| 2026-02-05 | 118.14% |
| 2026-02-04 | 118.14% |
| 2026-02-03 | 118.12% |
| 2026-02-02 | 118.13% |
| 2026-01-30 | 118.14% |
| 2026-01-29 | 118.12% |
| 2026-01-28 | 118.12% |
| 2026-01-27 | 118.12% |
| 2026-01-26 | 118.14% |
| 2026-01-23 | 118.13% |
| 2026-01-22 | 118.13% |
| 2026-01-21 | 118.14% |
| 2026-01-20 | 118.13% |
| 2026-01-16 | 118.13% |
| 2026-01-15 | 118.14% |
| 2026-01-14 | 118.14% |
| 2026-01-13 | 118.14% |
| 2026-01-12 | 118.14% |
| 2026-01-09 | 118.14% |
| 2026-01-08 | 118.13% |
| 2026-01-07 | 118.14% |
| 2026-01-06 | 118.13% |
| 2026-01-05 | 118.13% |
| 2026-01-02 | 118.12% |
| 2025-12-31 | 118.14% |
| 2025-12-30 | 118.12% |
| 2025-12-29 | 118.14% |
| 2025-12-26 | 118.11% |
| 2025-12-24 | 118.12% |
| 2025-12-23 | 118.13% |
| 2025-12-22 | 118.14% |
| 2025-12-19 | 118.12% |
| 2025-12-18 | 118.14% |
| 2025-12-17 | 118.14% |
| 2025-12-16 | 118.12% |
| 2025-12-15 | 116.65% |
| 2025-12-12 | 116.65% |
| 2025-12-11 | 116.68% |
| 2025-12-10 | 116.68% |
| 2025-12-09 | 116.68% |
| 2025-12-08 | 116.67% |
| 2025-12-05 | 116.66% |
| 2025-12-04 | 116.67% |
| 2025-12-03 | 116.65% |
| 2025-12-02 | 116.67% |
| 2025-12-01 | 116.67% |
| 2025-11-28 | 116.66% |
| 2025-11-26 | 116.66% |
| 2025-11-25 | 116.67% |
| 2025-11-24 | 116.66% |
| 2025-11-21 | 116.66% |
| 2025-11-20 | 116.67% |
| 2025-11-19 | 116.67% |
| 2025-11-18 | 116.67% |
| 2025-11-17 | 116.68% |
| 2025-11-14 | 116.68% |
| 2025-11-13 | 116.68% |
| 2025-11-12 | 116.66% |
| 2025-11-11 | 116.67% |
| 2025-11-10 | 116.67% |
| 2025-11-07 | 116.68% |
| 2025-11-06 | 116.68% |
| 2025-11-05 | 116.65% |
| 2025-11-04 | 116.68% |
| 2025-11-03 | 116.66% |
| 2025-10-31 | 116.66% |
| 2025-10-30 | 116.65% |
| 2025-10-29 | 116.66% |
| 2025-10-28 | 116.67% |
| 2025-10-27 | 108.42% |
| 2025-10-24 | 108.44% |
| 2025-10-23 | 108.43% |
| 2025-10-22 | 108.44% |
| 2025-10-21 | 108.44% |
| 2025-10-20 | 108.42% |
| 2025-10-17 | 108.43% |
| 2025-10-16 | 108.44% |
| 2025-10-15 | 108.43% |
| 2025-10-14 | 108.42% |
| 2025-10-13 | 108.42% |
| 2025-10-10 | 108.44% |
| 2025-10-09 | 108.42% |
| 2025-10-08 | 108.43% |
| 2025-10-07 | 108.41% |
| 2025-10-06 | 108.43% |
| 2025-10-03 | 108.42% |
| 2025-10-02 | 108.41% |
| 2025-10-01 | 108.42% |
| 2025-09-30 | 108.43% |
| 2025-09-29 | 108.41% |
| 2025-09-26 | 108.42% |
| 2025-09-25 | 108.41% |
| 2025-09-24 | 108.43% |
| 2025-09-23 | 108.43% |
| 2025-09-22 | 108.43% |
| 2025-09-19 | 108.44% |
| 2025-09-18 | 108.41% |
| 2025-09-17 | 108.43% |
| 2025-09-16 | 108.44% |
| 2025-09-15 | 107.06% |
| 2025-09-12 | 107.08% |
| 2025-09-11 | 107.06% |
| 2025-09-10 | 107.07% |
| 2025-09-09 | 107.08% |
| 2025-09-08 | 107.07% |
| 2025-09-05 | 107.05% |
| 2025-09-04 | 107.06% |
| 2025-09-03 | 107.07% |
| 2025-09-02 | 107.05% |
| 2025-08-29 | 107.07% |
| 2025-08-28 | 107.07% |
| 2025-08-27 | 107.07% |
| 2025-08-26 | 107.07% |
| 2025-08-25 | 107.06% |
| 2025-08-22 | 107.06% |
| 2025-08-21 | 107.05% |
| 2025-08-20 | 107.06% |
| 2025-08-19 | 107.07% |
| 2025-08-18 | 107.06% |
| 2025-08-15 | 107.05% |
| 2025-08-14 | 107.05% |
| 2025-08-13 | 107.08% |
| 2025-08-12 | 107.06% |
| 2025-08-11 | 107.06% |
| 2025-08-08 | 107.07% |
| 2025-08-07 | 107.05% |
| 2025-08-06 | 107.06% |
| 2025-08-05 | 107.08% |
| 2025-08-04 | 107.07% |
| 2025-08-01 | 107.07% |
| 2025-07-31 | 107.08% |
| 2025-07-30 | 107.06% |
| 2025-07-29 | 107.08% |
| 2025-07-28 | 98.98% |
| 2025-07-25 | 98.99% |
| 2025-07-24 | 99.00% |
| 2025-07-23 | 99.00% |
| 2025-07-22 | 98.98% |
| 2025-07-21 | 98.99% |
| 2025-07-18 | 99.00% |
| 2025-07-17 | 98.99% |
| 2025-07-16 | 98.99% |
| 2025-07-15 | 98.99% |
| 2025-07-14 | 98.98% |
Showing the most recent 260 of 2,096 data points. The chart above shows the full history.
| 117.8% |
| 2019 | $2.41 | $2.12 | 88.0% |
| 2018 | $2.91 | $1.92 | 66.0% |
| 2017 | $3.10 | $1.76 | 56.8% |
| 2016 | $2.29 | $1.68 | 73.4% |
| 2015 | $1.66 | $1.52 | 91.6% |
| 2014 | $1.25 | $1.32 | 105.6% |
| 2013 | $0.65 | $1.12 | 172.3% |
| 2012 | ($0.09) | $1.12 | N/A (Loss) |
| 2011 | ($0.41) | $1.12 | N/A (Loss) |
| 2010 | $0.06 | $1.12 | N/A |
| 2009 | ($0.26) | $1.12 | N/A (Loss) |
| 2008 | ($0.51) | $1.56 | N/A (Loss) |
| 2007 | $3.04 | $2.00 | 65.8% |
| 2006 | $2.39 | $1.84 | 77.0% |
| 2005 | $2.98 | $1.76 | 59.1% |
| 2004 | $1.44 | $1.70 | 118.1% |
| 2003 | $1.44 | $1.66 | 115.3% |
| 2002 | $0.75 | $1.64 | 218.7% |
| 2001 | $1.43 | $1.58 | 110.5% |
| 2000 | $1.35 | $1.48 | 109.6% |
| 1999 | $1.94 | $1.40 | 72.2% |
| 1998 | $1.27 | $1.37 | 107.7% |
| 1997 | $1.39 | $0.13 | 9.6% |
