Reported quarterly values; no daily interpolation.
-1.0pp over 10Y
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Annual Dividend History(ex-date basis)
Year
Dividend/Share
YoY Growth
2026(YTD)
$2.26
Not comparable
2025
$2.94
+2.80%
2024
$2.86
+2.88%
2023
$2.78
+2.96%
2022
$2.70
+3.05%
2021
$2.62
+3.15%
2020
$2.54
+3.25%
2019
$2.46
+3.36%
Dividend Yield Metrics
Current Yield
3.40%
Average Yield (TTM)
3.21%
Average Yield (3Y)
3.62%
Forward Yield on Cost (3Y)
3.70%
Forward Yield on Cost (5Y)
3.92%
Forward Yield on Cost (10Y)
4.53%
Payout Ratio Analysis
Payout Ratio (Current)
72.47%
FCF Payout Ratio
128.60%
Payout Ratio (3Y Avg)
74.05%
Payout Ratio (5Y Avg)
84.08%
FCF Payout (3Y Avg)
N/A
FCF Payout (5Y Avg)
N/A
An FCF payout above 100% means dividends exceeded the period's free cash flow, often because of temporarily depressed FCF (one-off capex or working-capital swings) rather than an unfunded dividend. Compare against the earnings payout ratio and the multi-year trend before drawing a conclusion.
Dividend Coverage
Payout Ratio
72.5%
Dividends / net income
FCF Payout Ratio
128.6%
Dividends / free cash flow
Consecutive Years
25 years
Consecutive years of dividend increases
5Y Dividend Growth
3.0%
Compound annual dividend growth
This step chart displays the nominal dividend payouts over time by ex-dividend date (the date you must own the stock by to receive each payment), matching the distribution frequency.
