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 33.36% is 24% below its 5-year average of 43.62%, near the low end of its 5-year range (17.09%–168.63%).
As of Friday, September 11, 2026. 35.88% below its 12-month average of 52.03%.
Dividend Payout Ratio (33.36%) = TTM Dividends/Share ($3.02) / TTM EPS ($9.06)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-11.
DIVIDEND PAYOUT RATIO
33.36%
DIVIDEND PAYOUT RATIO AVG TTM
52.03%
DIVIDEND PAYOUT RATIO AVG 3Y
50.83%
DIVIDEND PAYOUT RATIO AVG 5Y
43.62%
DIVIDEND PAYOUT RATIO AVG 10Y
69.13%
DIVIDEND PAYOUT RATIO AVG 15Y
62.51%
DIVIDEND PAYOUT RATIO AVG 20Y
58.28%
CURRENT VS TTM AVG
-35.88%
CURRENT VS 3Y AVG
-34.38%
CURRENT VS 5Y AVG
-23.54%
CURRENT VS 10Y AVG
-51.75%
CURRENT VS 15Y AVG
-46.64%
CURRENT VS 20Y AVG
-42.77%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $6.06 | $2.86 | 47.3% |
| 2024-12-31 | $5.10 | $2.75 | 54.0% |
| 2023-12-31 | $5.76 | $2.47 | 43.0% |
| 2022-12-31 | $11.52 | $1.98 | 17.2% |
| 2021-12-31 | $5.18 | $1.64 | 31.7% |
| 2020-12-31 | ($5.56) |
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 |
|---|---|
| 2026-09-11 | 33.36% |
| 2026-09-10 | 33.35% |
| 2026-09-09 | 33.35% |
| 2026-09-08 | 33.36% |
| 2026-09-04 | 33.36% |
| 2026-09-03 | 33.36% |
| 2026-09-02 | 33.35% |
| 2026-09-01 | 33.36% |
| 2026-08-31 | 33.35% |
| 2026-08-28 | 33.35% |
| 2026-08-27 | 33.36% |
| 2026-08-26 | 33.37% |
| 2026-08-25 | 33.36% |
| 2026-08-24 | 33.34% |
| 2026-08-21 | 33.36% |
| 2026-08-20 | 33.37% |
| 2026-08-19 | 33.36% |
| 2026-08-18 | 33.37% |
| 2026-08-17 | 33.35% |
| 2026-08-14 | 41.28% |
| 2026-08-13 | 32.62% |
| 2026-08-12 | 32.64% |
| 2026-08-11 | 32.64% |
| 2026-08-10 | 32.65% |
| 2026-08-07 | 32.65% |
| 2026-08-06 | 32.64% |
| 2026-08-05 | 32.65% |
| 2026-08-04 | 32.65% |
| 2026-08-03 | 32.63% |
| 2026-07-31 | 32.63% |
| 2026-07-30 | 32.64% |
| 2026-07-29 | 32.64% |
| 2026-07-28 | 32.63% |
| 2026-07-27 | 32.63% |
| 2026-07-24 | 32.62% |
| 2026-07-23 | 32.65% |
| 2026-07-22 | 32.65% |
| 2026-07-21 | 32.62% |
| 2026-07-20 | 32.63% |
| 2026-07-17 | 32.65% |
| 2026-07-16 | 32.64% |
| 2026-07-15 | 32.63% |
| 2026-07-14 | 32.65% |
| 2026-07-13 | 32.64% |
| 2026-07-10 | 32.65% |
| 2026-07-09 | 32.62% |
| 2026-07-08 | 32.65% |
| 2026-07-07 | 32.64% |
| 2026-07-06 | 32.62% |
| 2026-07-02 | 32.63% |
| 2026-07-01 | 32.63% |
| 2026-06-30 | 46.07% |
| 2026-06-29 | 46.08% |
| 2026-06-26 | 46.06% |
| 2026-06-25 | 46.08% |
| 2026-06-24 | 46.05% |
| 2026-06-23 | 46.04% |
| 2026-06-22 | 46.07% |
| 2026-06-18 | 46.08% |
| 2026-06-17 | 46.06% |
| 2026-06-16 | 46.06% |
| 2026-06-15 | 46.07% |
| 2026-06-12 | 46.05% |
| 2026-06-11 | 46.05% |
| 2026-06-10 | 46.05% |
| 2026-06-09 | 46.07% |
| 2026-06-08 | 46.07% |
| 2026-06-05 | 46.05% |
| 2026-06-04 | 46.06% |
| 2026-06-03 | 46.08% |
| 2026-06-02 | 46.05% |
| 2026-06-01 | 46.05% |
| 2026-05-29 | 46.05% |
| 2026-05-28 | 46.07% |
| 2026-05-27 | 46.05% |
| 2026-05-26 | 46.05% |
| 2026-05-22 | 46.06% |
| 2026-05-21 | 33.89% |
| 2026-05-20 | 33.90% |
| 2026-05-19 | 33.90% |
| 2026-05-18 | 33.90% |
| 2026-05-15 | 45.06% |
| 2026-05-14 | 45.03% |
| 2026-05-13 | 45.05% |
| 2026-05-12 | 45.03% |
| 2026-05-11 | 45.06% |
| 2026-05-08 | 45.05% |
| 2026-03-31 | 60.27% |
| 2026-03-30 | 60.25% |
| 2026-03-27 | 60.24% |
| 2026-03-26 | 60.25% |
| 2026-03-25 | 60.24% |
| 2026-03-24 | 60.24% |
| 2026-03-23 | 60.26% |
| 2026-03-20 | 60.24% |
| 2026-03-19 | 60.26% |
| 2026-03-18 | 60.24% |
| 2026-03-17 | 60.25% |
| 2026-03-16 | 60.25% |
| 2026-03-13 | 60.25% |
| 2026-03-12 | 60.26% |
| 2026-03-11 | 60.26% |
| 2026-03-10 | 60.25% |
| 2026-03-09 | 60.25% |
| 2026-03-06 | 60.26% |
| 2026-03-05 | 60.25% |
| 2026-03-04 | 60.25% |
| 2026-03-03 | 60.24% |
| 2026-03-02 | 60.26% |
| 2026-02-27 | 60.26% |
| 2026-02-26 | 60.24% |
| 2026-02-25 | 60.24% |
| 2026-02-24 | 60.25% |
| 2026-02-23 | 60.25% |
| 2026-02-20 | 60.25% |
| 2026-02-19 | 44.76% |
| 2026-02-18 | 44.75% |
| 2026-02-17 | 44.76% |
| 2026-02-13 | 59.67% |
| 2026-02-12 | 59.68% |
| 2026-02-11 | 59.65% |
| 2026-02-10 | 59.67% |
| 2026-02-09 | 59.67% |
| 2026-02-06 | 59.68% |
| 2026-02-05 | 59.67% |
| 2026-02-04 | 59.65% |
| 2026-02-03 | 59.66% |
| 2026-02-02 | 59.68% |
| 2026-01-30 | 59.67% |
| 2026-01-29 | 59.67% |
| 2026-01-28 | 59.67% |
| 2026-01-27 | 59.67% |
| 2026-01-26 | 59.67% |
| 2026-01-23 | 59.65% |
| 2026-01-22 | 59.68% |
| 2026-01-21 | 59.68% |
| 2026-01-20 | 59.66% |
| 2026-01-16 | 59.67% |
| 2026-01-15 | 59.68% |
| 2026-01-14 | 59.67% |
| 2026-01-13 | 59.68% |
| 2026-01-12 | 59.67% |
| 2026-01-09 | 59.68% |
| 2026-01-08 | 59.68% |
| 2026-01-07 | 59.65% |
| 2026-01-06 | 59.68% |
| 2026-01-05 | 59.66% |
| 2026-01-02 | 59.68% |
| 2025-12-31 | 59.67% |
| 2025-12-30 | 59.66% |
| 2025-12-29 | 59.65% |
| 2025-12-26 | 59.67% |
| 2025-12-24 | 59.69% |
| 2025-12-23 | 59.66% |
| 2025-12-22 | 59.66% |
| 2025-12-19 | 59.65% |
| 2025-12-18 | 59.68% |
| 2025-12-17 | 59.68% |
| 2025-12-16 | 59.67% |
| 2025-12-15 | 59.67% |
| 2025-12-12 | 59.67% |
| 2025-12-11 | 59.67% |
| 2025-12-10 | 59.65% |
| 2025-12-09 | 59.65% |
| 2025-12-08 | 59.68% |
| 2025-12-05 | 59.67% |
| 2025-12-04 | 59.66% |
| 2025-12-03 | 59.67% |
| 2025-12-02 | 59.67% |
| 2025-12-01 | 59.66% |
| 2025-11-28 | 59.67% |
| 2025-11-26 | 59.65% |
| 2025-11-25 | 59.68% |
| 2025-11-24 | 59.68% |
| 2025-11-21 | 59.65% |
| 2025-11-20 | 59.66% |
| 2025-11-19 | 59.67% |
| 2025-11-18 | 59.67% |
| 2025-11-17 | 59.67% |
| 2025-11-14 | 73.98% |
| 2025-11-13 | 59.10% |
| 2025-11-12 | 59.09% |
| 2025-11-11 | 59.07% |
| 2025-11-10 | 59.08% |
| 2025-11-07 | 59.09% |
| 2025-11-06 | 59.07% |
| 2025-11-05 | 59.07% |
| 2025-11-04 | 59.07% |
| 2025-11-03 | 59.09% |
| 2025-10-31 | 59.09% |
| 2025-10-30 | 65.05% |
| 2025-10-29 | 65.05% |
| 2025-10-28 | 65.05% |
| 2025-10-27 | 65.05% |
| 2025-10-24 | 65.03% |
| 2025-10-23 | 65.06% |
| 2025-10-22 | 65.06% |
| 2025-10-21 | 65.06% |
| 2025-10-20 | 65.04% |
| 2025-10-17 | 65.05% |
| 2025-10-16 | 65.05% |
| 2025-10-15 | 65.06% |
| 2025-10-14 | 65.03% |
| 2025-10-13 | 65.03% |
| 2025-10-10 | 65.04% |
| 2025-10-09 | 65.03% |
| 2025-10-08 | 65.05% |
| 2025-10-07 | 65.04% |
| 2025-10-06 | 65.03% |
| 2025-10-03 | 65.04% |
| 2025-10-02 | 65.04% |
| 2025-10-01 | 65.04% |
| 2025-09-30 | 65.06% |
| 2025-09-29 | 65.06% |
| 2025-09-26 | 65.03% |
| 2025-09-25 | 65.05% |
| 2025-09-24 | 65.04% |
| 2025-09-23 | 65.05% |
| 2025-09-22 | 65.06% |
| 2025-09-19 | 65.06% |
| 2025-09-18 | 65.06% |
| 2025-09-17 | 65.05% |
| 2025-09-16 | 65.05% |
| 2025-09-15 | 65.05% |
| 2025-09-12 | 65.04% |
| 2025-09-11 | 65.05% |
| 2025-09-10 | 65.03% |
| 2025-09-09 | 65.06% |
| 2025-09-08 | 65.06% |
| 2025-09-05 | 65.04% |
| 2025-09-04 | 65.03% |
| 2025-09-03 | 65.03% |
| 2025-09-02 | 65.03% |
| 2025-08-29 | 65.03% |
| 2025-08-28 | 65.06% |
| 2025-08-27 | 65.06% |
| 2025-08-26 | 65.03% |
| 2025-08-25 | 65.04% |
| 2025-08-22 | 65.06% |
| 2025-08-21 | 65.06% |
| 2025-08-20 | 65.03% |
| 2025-08-19 | 65.06% |
| 2025-08-18 | 65.04% |
| 2025-08-15 | 80.83% |
| 2025-08-14 | 64.40% |
| 2025-08-13 | 64.42% |
| 2025-08-12 | 64.40% |
| 2025-08-11 | 64.41% |
| 2025-08-08 | 64.39% |
| 2025-08-07 | 64.41% |
| 2025-08-05 | 64.42% |
| 2025-08-01 | 64.39% |
| 2025-07-30 | 65.93% |
| 2025-07-28 | 65.91% |
| 2025-07-24 | 65.91% |
| 2025-07-22 | 65.91% |
| 2025-07-18 | 65.92% |
| 2025-07-16 | 65.92% |
| 2025-07-14 | 65.91% |
| 2025-07-10 | 65.91% |
Showing the most recent 260 of 2,438 data points. The chart above shows the full history.
| $1.91 |
| N/A (Loss) |
| 2019-12-31 | $3.94 | $3.76 | 95.4% |
| 2018-12-31 | $5.64 | $3.76 | 66.7% |
| 2017-12-31 | $3.16 | $3.76 | 119.0% |
| 2016-12-31 | $1.16 | $3.76 | 324.1% |
| 2015-12-31 | $0.62 | $3.76 | 606.5% |
| 2014-12-31 | $4.76 | $3.72 | 78.2% |
| 2013-12-31 | $5.20 | $3.56 | 68.5% |
| 2012-12-31 | $8.50 | $3.42 | 40.2% |
| 2011-12-31 | $9.96 | $3.36 | 33.7% |
| 2010-12-31 | $6.56 | $3.36 | 51.2% |
| 2009-12-31 | $4.08 | $3.32 | 81.4% |
| 2008-12-31 | $8.54 | $3.12 | 36.5% |
| 2007-12-31 | $10.00 | $2.81 | 28.1% |
| 2006-12-31 | $7.94 | $2.45 | 30.8% |
| 2005-12-31 | $7.58 | $3.03 | 39.9% |
| 2004-12-31 | $1.58 | $2.11 | 133.4% |
| 2003-12-31 | $1.82 | $1.95 | 107.2% |
| 2002-12-31 | $1.72 | $1.58 | 91.9% |
| 2001-12-31 | $0.94 | $1.41 | 150.1% |
| 2000-12-31 | $1.08 | $1.38 | 127.9% |
| 1999-12-31 | $0.74 | $1.59 | 214.2% |
| 1998-12-31 | $0.03 | $1.61 | N/A |
