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 61.31% is 42% below its 5-year average of 105.85%, near the low end of its 5-year range (60.26%–150.15%).
As of Tuesday, July 28, 2026. 38.43% below its 12-month average of 99.57%.
Dividend Payout Ratio (61.31%) = TTM Dividends/Share ($8.80) / TTM EPS ($14.35)
DIVIDEND PAYOUT RATIO
61.31%
DIVIDEND PAYOUT RATIO AVG TTM
99.57%
DIVIDEND PAYOUT RATIO AVG 3Y
104.97%
DIVIDEND PAYOUT RATIO AVG 5Y
105.85%
DIVIDEND PAYOUT RATIO AVG 10Y
113.16%
DIVIDEND PAYOUT RATIO AVG 15Y
109.93%
DIVIDEND PAYOUT RATIO AVG 20Y
109.28%
CURRENT VS TTM AVG
-38.43%
CURRENT VS 3Y AVG
-41.60%
CURRENT VS 5Y AVG
-42.08%
CURRENT VS 10Y AVG
-45.82%
CURRENT VS 15Y AVG
-44.23%
CURRENT VS 20Y AVG
-43.90%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $14.14 | $8.55 | 60.5% |
| 2024 | $7.26 | $8.10 | 111.6% |
| 2023 | $6.97 | $7.45 | 106.9% |
| 2022 | $6.52 | $6.90 | 105.8% |
| 2021 | $6.84 | $5.85 | 85.5% |
| 2020 | $3.59 | $6.00 |
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 |
|---|---|
| 2026-07-27 | 61.31% |
| 2026-07-24 | 61.31% |
| 2026-07-23 | 61.31% |
| 2026-07-22 | 61.31% |
| 2026-07-21 | 61.31% |
| 2026-07-20 | 61.32% |
| 2026-07-17 | 61.33% |
| 2026-07-16 | 61.31% |
| 2026-07-15 | 61.32% |
| 2026-07-14 | 61.32% |
| 2026-07-13 | 61.34% |
| 2026-07-10 | 61.34% |
| 2026-07-09 | 61.32% |
| 2026-07-08 | 61.33% |
| 2026-07-07 | 61.32% |
| 2026-07-06 | 61.33% |
| 2026-07-02 | 61.31% |
| 2026-07-01 | 61.32% |
| 2026-06-30 | 61.34% |
| 2026-06-29 | 61.33% |
| 2026-06-26 | 61.32% |
| 2026-06-25 | 61.31% |
| 2026-06-24 | 61.32% |
| 2026-06-23 | 61.31% |
| 2026-06-22 | 61.31% |
| 2026-06-18 | 61.34% |
| 2026-06-17 | 61.31% |
| 2026-06-16 | 61.33% |
| 2026-06-15 | 61.33% |
| 2026-06-12 | 61.31% |
| 2026-06-11 | 61.31% |
| 2026-06-10 | 61.32% |
| 2026-06-09 | 61.34% |
| 2026-06-08 | 60.28% |
| 2026-06-05 | 60.30% |
| 2026-06-04 | 60.28% |
| 2026-06-03 | 60.26% |
| 2026-06-02 | 60.26% |
| 2026-06-01 | 60.30% |
| 2026-05-29 | 60.28% |
| 2026-05-28 | 60.28% |
| 2026-05-27 | 60.28% |
| 2026-05-26 | 60.27% |
| 2026-05-22 | 60.26% |
| 2026-05-21 | 60.28% |
| 2026-05-20 | 60.27% |
| 2026-05-19 | 60.29% |
| 2026-05-18 | 60.29% |
| 2026-05-15 | 60.28% |
| 2026-05-14 | 60.27% |
| 2026-05-13 | 60.29% |
| 2026-05-12 | 60.27% |
| 2026-05-11 | 60.29% |
| 2026-05-08 | 61.16% |
| 2026-05-07 | 61.16% |
| 2026-05-06 | 61.16% |
| 2026-05-05 | 61.18% |
| 2026-05-04 | 61.17% |
| 2026-05-01 | 61.19% |
| 2026-04-30 | 61.19% |
| 2026-04-29 | 61.17% |
| 2026-04-28 | 61.18% |
| 2026-04-27 | 61.19% |
| 2026-04-24 | 61.19% |
| 2026-04-23 | 61.16% |
| 2026-04-22 | 61.16% |
| 2026-04-21 | 61.17% |
| 2026-04-20 | 61.18% |
| 2026-04-17 | 61.15% |
| 2026-04-16 | 61.18% |
| 2026-04-15 | 61.18% |
| 2026-04-14 | 61.16% |
| 2026-04-13 | 61.15% |
| 2026-04-10 | 61.15% |
| 2026-04-09 | 61.17% |
| 2026-04-08 | 61.16% |
| 2026-04-07 | 61.19% |
| 2026-04-06 | 61.16% |
| 2026-04-02 | 61.16% |
| 2026-04-01 | 61.16% |
| 2026-03-31 | 61.17% |
| 2026-03-30 | 61.19% |
| 2026-03-27 | 61.16% |
| 2026-03-26 | 61.19% |
| 2026-03-25 | 61.17% |
| 2026-03-24 | 61.19% |
| 2026-03-23 | 61.20% |
| 2026-03-20 | 61.18% |
| 2026-03-19 | 61.18% |
| 2026-03-18 | 61.17% |
| 2026-03-17 | 61.15% |
| 2026-03-16 | 61.18% |
| 2026-03-13 | 61.16% |
| 2026-03-12 | 61.20% |
| 2026-03-11 | 61.19% |
| 2026-03-10 | 61.16% |
| 2026-03-09 | 60.48% |
| 2026-03-06 | 60.47% |
| 2026-03-05 | 60.48% |
| 2026-03-04 | 60.45% |
| 2026-03-03 | 60.46% |
| 2026-03-02 | 60.48% |
| 2026-02-27 | 60.48% |
| 2026-02-26 | 60.47% |
| 2026-02-25 | 60.45% |
| 2026-02-24 | 125.18% |
| 2026-02-23 | 125.17% |
| 2026-02-20 | 125.18% |
| 2026-02-19 | 125.18% |
| 2026-02-18 | 125.19% |
| 2026-02-17 | 125.20% |
| 2026-02-13 | 125.19% |
| 2026-02-12 | 125.19% |
| 2026-02-11 | 125.20% |
| 2026-02-10 | 125.18% |
| 2026-02-09 | 125.18% |
| 2026-02-06 | 125.17% |
| 2026-02-05 | 125.18% |
| 2026-02-04 | 125.20% |
| 2026-02-03 | 125.17% |
| 2026-02-02 | 125.20% |
| 2026-01-30 | 125.18% |
| 2026-01-29 | 125.19% |
| 2026-01-28 | 125.16% |
| 2026-01-27 | 125.17% |
| 2026-01-26 | 125.16% |
| 2026-01-23 | 125.20% |
| 2026-01-22 | 125.18% |
| 2026-01-21 | 125.18% |
| 2026-01-20 | 125.20% |
| 2026-01-16 | 125.16% |
| 2026-01-15 | 125.17% |
| 2026-01-14 | 125.17% |
| 2026-01-13 | 125.20% |
| 2026-01-12 | 125.18% |
| 2026-01-09 | 125.18% |
| 2026-01-08 | 125.17% |
| 2026-01-07 | 125.17% |
| 2026-01-06 | 125.20% |
| 2026-01-05 | 125.18% |
| 2026-01-02 | 125.20% |
| 2025-12-31 | 125.17% |
| 2025-12-30 | 125.16% |
| 2025-12-29 | 125.18% |
| 2025-12-26 | 125.17% |
| 2025-12-24 | 125.19% |
| 2025-12-23 | 125.20% |
| 2025-12-22 | 125.19% |
| 2025-12-19 | 125.20% |
| 2025-12-18 | 125.20% |
| 2025-12-17 | 125.17% |
| 2025-12-16 | 125.16% |
| 2025-12-15 | 125.16% |
| 2025-12-12 | 125.18% |
| 2025-12-11 | 125.21% |
| 2025-12-10 | 125.20% |
| 2025-12-09 | 92.98% |
| 2025-12-08 | 123.70% |
| 2025-12-05 | 123.72% |
| 2025-12-04 | 123.72% |
| 2025-12-03 | 123.71% |
| 2025-12-02 | 123.71% |
| 2025-12-01 | 123.73% |
| 2025-11-28 | 123.72% |
| 2025-11-26 | 123.73% |
| 2025-11-25 | 123.74% |
| 2025-11-24 | 123.70% |
| 2025-11-21 | 123.74% |
| 2025-11-20 | 123.70% |
| 2025-11-19 | 123.70% |
| 2025-11-18 | 123.73% |
| 2025-11-17 | 123.72% |
| 2025-11-14 | 123.70% |
| 2025-11-13 | 123.71% |
| 2025-11-12 | 123.71% |
| 2025-11-11 | 123.74% |
| 2025-11-10 | 123.70% |
| 2025-11-07 | 123.71% |
| 2025-11-06 | 123.71% |
| 2025-11-05 | 130.62% |
| 2025-11-04 | 130.60% |
| 2025-11-03 | 130.62% |
| 2025-10-31 | 130.62% |
| 2025-10-30 | 130.59% |
| 2025-10-29 | 130.61% |
| 2025-10-28 | 130.60% |
| 2025-10-27 | 130.62% |
| 2025-10-24 | 130.62% |
| 2025-10-23 | 130.60% |
| 2025-10-22 | 130.61% |
| 2025-10-21 | 130.59% |
| 2025-10-20 | 130.58% |
| 2025-10-17 | 130.62% |
| 2025-10-16 | 130.62% |
| 2025-10-15 | 130.62% |
| 2025-10-14 | 130.62% |
| 2025-10-13 | 130.60% |
| 2025-10-10 | 130.58% |
| 2025-10-09 | 130.60% |
| 2025-10-08 | 130.62% |
| 2025-10-07 | 130.58% |
| 2025-10-06 | 130.59% |
| 2025-10-03 | 130.61% |
| 2025-10-02 | 130.63% |
| 2025-10-01 | 130.60% |
| 2025-09-30 | 130.62% |
| 2025-09-29 | 130.58% |
| 2025-09-26 | 130.59% |
| 2025-09-25 | 130.58% |
| 2025-09-24 | 130.58% |
| 2025-09-23 | 130.61% |
| 2025-09-22 | 130.62% |
| 2025-09-19 | 130.59% |
| 2025-09-18 | 130.58% |
| 2025-09-17 | 130.59% |
| 2025-09-16 | 130.62% |
| 2025-09-15 | 130.59% |
| 2025-09-12 | 130.59% |
| 2025-09-11 | 130.59% |
| 2025-09-10 | 130.59% |
| 2025-09-09 | 130.62% |
| 2025-09-08 | 129.04% |
| 2025-09-05 | 129.06% |
| 2025-09-04 | 129.08% |
| 2025-09-03 | 129.06% |
| 2025-09-02 | 129.08% |
| 2025-08-29 | 129.04% |
| 2025-08-28 | 129.05% |
| 2025-08-27 | 129.07% |
| 2025-08-26 | 129.05% |
| 2025-08-25 | 129.08% |
| 2025-08-22 | 129.06% |
| 2025-08-21 | 129.08% |
| 2025-08-20 | 129.04% |
| 2025-08-19 | 129.06% |
| 2025-08-18 | 129.05% |
| 2025-08-15 | 129.05% |
| 2025-08-14 | 129.04% |
| 2025-08-13 | 129.08% |
| 2025-08-12 | 129.03% |
| 2025-08-11 | 129.04% |
| 2025-08-08 | 129.05% |
| 2025-08-07 | 129.05% |
| 2025-08-06 | 132.98% |
| 2025-08-05 | 132.96% |
| 2025-08-04 | 132.99% |
| 2025-08-01 | 132.98% |
| 2025-07-31 | 132.96% |
| 2025-07-30 | 132.98% |
| 2025-07-29 | 132.94% |
| 2025-07-28 | 132.97% |
| 2025-07-25 | 132.96% |
| 2025-07-24 | 132.97% |
| 2025-07-23 | 132.95% |
| 2025-07-22 | 132.94% |
| 2025-07-21 | 132.98% |
| 2025-07-18 | 132.95% |
| 2025-07-17 | 132.95% |
| 2025-07-16 | 132.95% |
| 2025-07-15 | 132.98% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 167.1% |
| 2019 | $6.79 | $8.30 | 122.2% |
| 2018 | $7.88 | $7.90 | 100.3% |
| 2017 | $6.24 | $7.15 | 114.6% |
| 2016 | $5.87 | $6.50 | 110.7% |
| 2015 | $5.88 | $6.05 | 102.9% |
| 2014 | $4.52 | $5.00 | 110.6% |
| 2013 | $4.24 | $4.37 | 103.2% |
| 2012 | $4.72 | $3.86 | 81.7% |
| 2011 | $3.48 | $3.10 | 89.2% |
| 2010 | $2.10 | $2.45 | 116.5% |
| 2009 | $1.06 | $1.62 | 152.5% |
| 2008 | $1.88 | $3.34 | 177.7% |
| 2007 | $1.96 | $3.12 | 159.1% |
| 2006 | $2.20 | $2.82 | 128.3% |
| 2005 | $1.82 | $2.60 | 142.8% |
| 2004 | $1.45 | $2.04 | 140.4% |
| 2003 | $1.65 | $2.23 | 135.0% |
| 2002 | $1.99 | $2.02 | 101.4% |
| 2001 | $0.86 | $1.93 | 224.5% |
| 2000 | $1.08 | $1.87 | 173.6% |
| 1999 | $0.97 | $1.87 | 193.3% |
| 1998 | $1.06 | $1.91 | 179.8% |
| 1997 | $1.08 | $1.86 | 172.5% |
| 1996 | $0.99 | $1.83 | 184.5% |
