Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 52.39% as of the fiscal period ended Tuesday, March 31, 2026.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
52.39%
FCF PAYOUT RATIO AVG TTM
50.71%
FCF PAYOUT RATIO AVG 3Y
41.55%
FCF PAYOUT RATIO AVG 5Y
35.42%
FCF PAYOUT RATIO AVG 10Y
53.53%
FCF PAYOUT RATIO AVG 15Y
37.65%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+3.30%
CURRENT VS 3Y AVG
+26.07%
CURRENT VS 5Y AVG
+47.91%
CURRENT VS 10Y AVG
-2.14%
CURRENT VS 15Y AVG
+39.15%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
52.4%
Earnings Payout Ratio
849.1%
Dividend Yield
3.08%
FCF Yield
7.45%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $78.71M | $86.39M | 109.8% |
| 2024 | $170.38M | $90.97M | 53.4% |
| 2023 | $198.13M | $59.83M | 30.2% |
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-03-31 | 52.39% |
| 2025-12-31 | 47.53% |
| 2025-09-30 | 49.76% |
| 2025-06-30 | 52.47% |
| 2025-03-31 | 51.43% |
| 2024-12-31 | 53.39% |
| 2024-09-30 | 51.56% |
| 2024-06-30 | 43.11% |
| 2024-03-31 | 39.93% |
| 2023-12-31 | 30.19% |
| 2023-09-30 | 28.38% |
| 2023-06-30 | 23.45% |
| 2023-03-31 | 16.61% |
| 2022-12-31 | 13.92% |
| 2022-09-30 | 8.26% |
| 2022-06-30 | 9.34% |
| 2022-03-31 | 17.56% |
| 2021-12-31 | 48.27% |
| 2020-06-30 | 149.18% |
| 2020-03-31 | 69.92% |
| 2019-12-31 | 58.49% |
| 2019-09-30 | 57.48% |
| 2019-06-30 | 57.15% |
| 2019-03-31 | 55.58% |
| 2018-12-31 | 58.19% |
| 2018-09-30 | 59.95% |
| 2018-06-30 | 59.15% |
| 2018-03-31 | 59.57% |
| 2017-12-31 | 52.45% |
| 2017-09-30 | 52.25% |
| 2017-06-30 | 52.17% |
| 2017-03-31 | 52.54% |
| 2016-12-31 | 74.48% |
| 2016-09-30 | 73.25% |
| 2016-06-30 | 70.09% |
| 2016-03-31 | 71.46% |
| 2015-12-31 | 25.84% |
| 2015-09-30 | 25.96% |
| 2015-06-30 | 26.66% |
| 2015-03-31 | 28.23% |
| 2014-12-31 | 17.18% |
| 2014-09-30 | 18.55% |
| 2014-06-30 | 16.62% |
| 2014-03-31 | 14.81% |
| 2013-12-31 | 16.08% |
| 2013-09-30 | 6.74% |
| 2013-06-30 | 12.17% |
| 2013-03-31 | 16.78% |
| 2012-12-31 | 17.35% |
| 2012-09-30 | 9.44% |
| 2012-06-30 | 7.18% |
| 2012-03-31 | 10.45% |
| 2011-12-31 | 16.00% |
| 2010-03-31 | 145.22% |
| 2009-12-31 | 107.39% |
| 2009-09-30 | 126.13% |
| 2009-06-30 | 403.26% |
| 2009-03-31 | 197.71% |
| 2008-12-31 | 281.22% |
| 2008-09-30 | 221.00% |
| 2008-06-30 | 117.28% |
| 2022 |
| $80.81M |
| $24.82M |
| 30.7% |
| 2021 | ($35.29M) | $13.69M | N/A (Loss) |
| 2020 | ($116.70M) | $156.27M | N/A (Loss) |
| 2019 | $290.89M | $170.17M | 58.5% |
| 2018 | $286.75M | $177.62M | 61.9% |
| 2017 | $195.69M | $163.01M | 83.3% |
| 2016 | $123.23M | $227.49M | 184.6% |
| 2015 | $135.83M | $77.54M | 57.1% |
| 2014 | $278.60M | $47.85M | 17.2% |
| 2013 | $171.12M | $27.52M | 16.1% |
| 2012 | $171.50M | $29.75M | 17.3% |
| 2011 | ($62.30M) | $25.02M | N/A (Loss) |
| 2010 | ($153.99M) | $20.55M | N/A (Loss) |
| 2009 | $25.99M | $27.91M | 107.4% |
| 2008 | $35.47M | $99.75M | 281.2% |
| 2007 | ($324.86M) | $96.31M | N/A (Loss) |
| 2006 | ($424.63M) | $86.73M | N/A (Loss) |
| 2005 | ($892.29M) | $56.84M | N/A (Loss) |
| 2004 | ($62.53M) | $9.35M | N/A (Loss) |
| 2003 | ($40.85M) | $72.01M | N/A (Loss) |
| 2002 | $26.72M | $0 | 0.0% |
| 2001 | $43.32M | $0 | 0.0% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
