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 123.84% is 23% above its 5-year average of 100.49%, near the high end of its 5-year range (32.51%–135.51%).
As of Sunday, July 26, 2026. 2.97% below its 12-month average of 127.63%.
Dividend Payout Ratio (123.84%) = TTM Dividends/Share ($12.00) / TTM EPS ($9.69)
DIVIDEND PAYOUT RATIO
123.84%
DIVIDEND PAYOUT RATIO AVG TTM
127.63%
DIVIDEND PAYOUT RATIO AVG 3Y
120.95%
DIVIDEND PAYOUT RATIO AVG 5Y
100.49%
DIVIDEND PAYOUT RATIO AVG 10Y
111.32%
DIVIDEND PAYOUT RATIO AVG 15Y
107.37%
DIVIDEND PAYOUT RATIO AVG 20Y
96.02%
CURRENT VS TTM AVG
-2.97%
CURRENT VS 3Y AVG
+2.39%
CURRENT VS 5Y AVG
+23.23%
CURRENT VS 10Y AVG
+11.24%
CURRENT VS 15Y AVG
+15.34%
CURRENT VS 20Y AVG
+28.97%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $9.04 | $12.00 | 132.7% |
| 2024 | $10.68 | $12.00 | 112.4% |
| 2023 | $11.11 | $12.00 | 108.0% |
| 2022 | $23.64 | $8.00 | 33.8% |
| 2021 | $9.91 | $8.00 | 80.7% |
| 2020 | $6.29 | $8.00 |
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 | 123.84% |
| 2026-07-23 | 123.84% |
| 2026-07-22 | 123.85% |
| 2026-07-21 | 123.85% |
| 2026-07-20 | 123.83% |
| 2026-07-17 | 123.83% |
| 2026-07-16 | 123.85% |
| 2026-07-15 | 123.82% |
| 2026-07-14 | 123.83% |
| 2026-07-13 | 123.86% |
| 2026-07-10 | 123.83% |
| 2026-07-09 | 123.85% |
| 2026-07-08 | 123.83% |
| 2026-07-07 | 123.84% |
| 2026-07-06 | 123.85% |
| 2026-07-02 | 123.84% |
| 2026-07-01 | 123.85% |
| 2026-06-30 | 123.84% |
| 2026-06-29 | 123.83% |
| 2026-06-26 | 123.85% |
| 2026-06-25 | 123.84% |
| 2026-06-24 | 123.84% |
| 2026-06-23 | 123.85% |
| 2026-06-22 | 123.85% |
| 2026-06-18 | 123.84% |
| 2026-06-17 | 123.85% |
| 2026-06-16 | 123.83% |
| 2026-06-15 | 123.82% |
| 2026-06-12 | 92.89% |
| 2026-06-11 | 123.84% |
| 2026-06-10 | 123.83% |
| 2026-06-09 | 123.84% |
| 2026-06-08 | 123.83% |
| 2026-06-05 | 123.84% |
| 2026-06-04 | 123.85% |
| 2026-06-03 | 123.83% |
| 2026-06-02 | 123.83% |
| 2026-06-01 | 123.85% |
| 2026-05-29 | 123.84% |
| 2026-05-28 | 123.82% |
| 2026-05-27 | 123.84% |
| 2026-05-26 | 123.83% |
| 2026-05-22 | 123.83% |
| 2026-05-21 | 123.82% |
| 2026-05-20 | 123.86% |
| 2026-05-19 | 123.84% |
| 2026-05-18 | 123.83% |
| 2026-05-15 | 123.83% |
| 2026-05-14 | 123.83% |
| 2026-05-13 | 123.83% |
| 2026-05-12 | 123.82% |
| 2026-05-11 | 123.83% |
| 2026-05-08 | 123.84% |
| 2026-05-07 | 123.83% |
| 2026-05-06 | 123.85% |
| 2026-05-05 | 123.85% |
| 2026-05-04 | 123.84% |
| 2026-05-01 | 123.84% |
| 2026-04-30 | 123.83% |
| 2026-04-29 | 123.84% |
| 2026-04-28 | 123.82% |
| 2026-04-27 | 123.86% |
| 2026-04-24 | 133.08% |
| 2026-04-23 | 133.08% |
| 2026-04-22 | 133.11% |
| 2026-04-21 | 133.10% |
| 2026-04-20 | 133.08% |
| 2026-04-17 | 133.11% |
| 2026-04-16 | 133.11% |
| 2026-04-15 | 133.12% |
| 2026-04-14 | 133.11% |
| 2026-04-13 | 133.11% |
| 2026-04-10 | 133.10% |
| 2026-04-09 | 133.11% |
| 2026-04-08 | 133.08% |
| 2026-04-07 | 133.09% |
| 2026-04-06 | 133.08% |
| 2026-04-02 | 133.08% |
| 2026-04-01 | 133.10% |
| 2026-03-31 | 133.08% |
| 2026-03-30 | 133.11% |
| 2026-03-27 | 133.08% |
| 2026-03-26 | 133.11% |
| 2026-03-25 | 133.08% |
| 2026-03-24 | 133.10% |
| 2026-03-23 | 133.08% |
| 2026-03-20 | 133.10% |
| 2026-03-19 | 133.10% |
| 2026-03-18 | 133.10% |
| 2026-03-17 | 133.11% |
| 2026-03-16 | 133.08% |
| 2026-03-13 | 99.82% |
| 2026-03-12 | 133.08% |
| 2026-03-11 | 133.08% |
| 2026-03-10 | 133.10% |
| 2026-03-09 | 133.09% |
| 2026-03-06 | 133.11% |
| 2026-03-05 | 133.08% |
| 2026-03-04 | 133.11% |
| 2026-03-03 | 133.08% |
| 2026-03-02 | 133.11% |
| 2026-02-27 | 133.11% |
| 2026-02-26 | 133.09% |
| 2026-02-25 | 133.09% |
| 2026-02-24 | 133.10% |
| 2026-02-23 | 133.11% |
| 2026-02-20 | 133.10% |
| 2026-02-19 | 133.11% |
| 2026-02-18 | 133.08% |
| 2026-02-17 | 133.11% |
| 2026-02-13 | 133.08% |
| 2026-02-12 | 133.11% |
| 2026-02-11 | 124.68% |
| 2026-02-10 | 124.67% |
| 2026-02-09 | 124.66% |
| 2026-02-06 | 124.64% |
| 2026-02-05 | 124.66% |
| 2026-02-04 | 124.66% |
| 2026-02-03 | 124.66% |
| 2026-02-02 | 124.68% |
| 2026-01-30 | 124.65% |
| 2026-01-29 | 124.65% |
| 2026-01-28 | 124.66% |
| 2026-01-27 | 124.67% |
| 2026-01-26 | 124.67% |
| 2026-01-23 | 124.66% |
| 2026-01-22 | 124.66% |
| 2026-01-21 | 124.66% |
| 2026-01-20 | 124.68% |
| 2026-01-16 | 124.66% |
| 2026-01-15 | 124.66% |
| 2026-01-14 | 124.64% |
| 2026-01-13 | 124.66% |
| 2026-01-12 | 124.64% |
| 2026-01-09 | 124.68% |
| 2026-01-08 | 124.68% |
| 2026-01-07 | 124.66% |
| 2026-01-06 | 124.65% |
| 2026-01-05 | 124.65% |
| 2026-01-02 | 124.67% |
| 2025-12-31 | 124.67% |
| 2025-12-30 | 124.67% |
| 2025-12-29 | 124.66% |
| 2025-12-26 | 124.67% |
| 2025-12-24 | 124.68% |
| 2025-12-23 | 124.66% |
| 2025-12-22 | 124.68% |
| 2025-12-19 | 124.65% |
| 2025-12-18 | 124.65% |
| 2025-12-17 | 124.64% |
| 2025-12-16 | 124.67% |
| 2025-12-15 | 124.68% |
| 2025-12-12 | 124.68% |
| 2025-12-11 | 124.64% |
| 2025-12-10 | 124.65% |
| 2025-12-09 | 124.66% |
| 2025-12-08 | 124.65% |
| 2025-12-05 | 124.65% |
| 2025-12-04 | 124.67% |
| 2025-12-03 | 124.68% |
| 2025-12-02 | 124.67% |
| 2025-12-01 | 124.67% |
| 2025-11-28 | 124.66% |
| 2025-11-26 | 124.68% |
| 2025-11-25 | 124.66% |
| 2025-11-24 | 124.65% |
| 2025-11-21 | 124.67% |
| 2025-11-20 | 124.68% |
| 2025-11-19 | 124.66% |
| 2025-11-18 | 124.64% |
| 2025-11-17 | 124.68% |
| 2025-11-14 | 124.66% |
| 2025-11-13 | 124.65% |
| 2025-11-12 | 124.64% |
| 2025-11-11 | 124.68% |
| 2025-11-10 | 124.67% |
| 2025-11-07 | 124.68% |
| 2025-11-06 | 124.66% |
| 2025-11-05 | 124.68% |
| 2025-11-04 | 124.64% |
| 2025-11-03 | 124.66% |
| 2025-10-31 | 124.67% |
| 2025-10-30 | 124.67% |
| 2025-10-29 | 124.66% |
| 2025-10-28 | 130.94% |
| 2025-10-27 | 130.93% |
| 2025-10-24 | 130.90% |
| 2025-10-23 | 130.90% |
| 2025-10-22 | 130.93% |
| 2025-10-21 | 130.91% |
| 2025-10-20 | 130.93% |
| 2025-10-17 | 130.92% |
| 2025-10-16 | 130.90% |
| 2025-10-15 | 130.92% |
| 2025-10-14 | 130.90% |
| 2025-10-13 | 130.92% |
| 2025-10-10 | 130.92% |
| 2025-10-09 | 130.93% |
| 2025-10-08 | 130.91% |
| 2025-10-07 | 130.90% |
| 2025-10-06 | 130.93% |
| 2025-10-03 | 130.90% |
| 2025-10-02 | 130.93% |
| 2025-10-01 | 130.91% |
| 2025-09-30 | 130.91% |
| 2025-09-29 | 130.93% |
| 2025-09-26 | 130.90% |
| 2025-09-25 | 130.94% |
| 2025-09-24 | 130.90% |
| 2025-09-23 | 130.92% |
| 2025-09-22 | 130.91% |
| 2025-09-19 | 130.92% |
| 2025-09-18 | 130.91% |
| 2025-09-17 | 130.93% |
| 2025-09-16 | 130.91% |
| 2025-09-15 | 130.90% |
| 2025-09-12 | 130.91% |
| 2025-09-11 | 130.94% |
| 2025-09-10 | 130.94% |
| 2025-09-09 | 130.92% |
| 2025-09-08 | 130.90% |
| 2025-09-05 | 130.92% |
| 2025-09-04 | 130.92% |
| 2025-09-03 | 130.92% |
| 2025-09-02 | 130.92% |
| 2025-08-29 | 130.92% |
| 2025-08-28 | 130.92% |
| 2025-08-27 | 130.92% |
| 2025-08-26 | 130.93% |
| 2025-08-25 | 130.91% |
| 2025-08-22 | 130.90% |
| 2025-08-21 | 130.90% |
| 2025-08-20 | 130.90% |
| 2025-08-19 | 130.92% |
| 2025-08-18 | 130.92% |
| 2025-08-15 | 130.93% |
| 2025-08-14 | 130.90% |
| 2025-08-13 | 130.90% |
| 2025-08-12 | 130.92% |
| 2025-08-11 | 130.92% |
| 2025-08-08 | 130.93% |
| 2025-08-07 | 130.91% |
| 2025-08-06 | 130.91% |
| 2025-08-05 | 130.93% |
| 2025-08-04 | 130.91% |
| 2025-08-01 | 130.93% |
| 2025-07-31 | 130.93% |
| 2025-07-30 | 130.91% |
| 2025-07-29 | 119.19% |
| 2025-07-28 | 119.21% |
| 2025-07-25 | 119.22% |
| 2025-07-24 | 119.20% |
| 2025-07-23 | 119.20% |
| 2025-07-22 | 119.20% |
| 2025-07-21 | 119.21% |
| 2025-07-18 | 119.21% |
| 2025-07-17 | 119.22% |
| 2025-07-16 | 119.22% |
| 2025-07-15 | 119.19% |
| 2025-07-14 | 119.20% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 127.2% |
| 2019 | $7.30 | $8.00 | 109.6% |
| 2018 | $9.84 | $8.00 | 81.3% |
| 2017 | $6.75 | $8.00 | 118.5% |
| 2016 | $6.84 | $7.30 | 106.7% |
| 2015 | $6.10 | $6.50 | 106.6% |
| 2014 | $5.27 | $5.60 | 106.3% |
| 2013 | $4.92 | $5.15 | 104.7% |
| 2012 | $3.93 | $4.40 | 112.0% |
| 2011 | $3.31 | $3.65 | 110.3% |
| 2010 | $2.36 | $3.05 | 129.2% |
| 2009 | $3.48 | $2.20 | 63.2% |
| 2008 | $4.19 | $2.80 | 66.8% |
| 2007 | $1.18 | $2.00 | 169.5% |
| 2006 | $0.33 | $2.00 | 606.1% |
| 2005 | $1.98 | $1.90 | 96.0% |
| 2004 | $1.39 | $1.80 | 129.5% |
| 2003 | $1.29 | $1.80 | 139.5% |
| 2002 | $1.15 | $1.80 | 156.5% |
| 2001 | $1.41 | $1.69 | 119.9% |
| 2000 | $1.41 | $1.48 | 105.0% |
| 1999 | $1.53 | $1.50 | 98.0% |
| 1998 | $1.30 | $0.88 | 67.7% |
| 1997 | $0.92 | $0.88 | 95.7% |
| 1996 | $1.10 | $0.88 | 80.0% |
