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 23.57% is 18% below its 5-year average of 28.78%, near the low end of its 5-year range (18.29%–51.18%).
As of Friday, September 4, 2026. 10.74% below its 12-month average of 26.40%.
Dividend Payout Ratio (23.57%) = TTM Dividends/Share ($3.87) / TTM EPS ($16.42)
DIVIDEND PAYOUT RATIO
23.57%
DIVIDEND PAYOUT RATIO AVG TTM
26.40%
DIVIDEND PAYOUT RATIO AVG 3Y
30.97%
DIVIDEND PAYOUT RATIO AVG 5Y
28.78%
DIVIDEND PAYOUT RATIO AVG 10Y
26.77%
DIVIDEND PAYOUT RATIO AVG 15Y
29.58%
DIVIDEND PAYOUT RATIO AVG 20Y
30.58%
CURRENT VS TTM AVG
-10.74%
CURRENT VS 3Y AVG
-23.89%
CURRENT VS 5Y AVG
-18.10%
CURRENT VS 10Y AVG
-11.97%
CURRENT VS 15Y AVG
-20.32%
CURRENT VS 20Y AVG
-22.94%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $14.67 | $3.84 | 26.2% |
| 2024-12-31 | $12.36 | $3.64 | 29.4% |
| 2023-12-31 | $8.25 | $3.60 | 43.6% |
| 2022-12-31 | $10.25 | $3.32 | 32.4% |
| 2021-12-31 | $12.56 | $3.08 | 24.5% |
| 2020-12-31 | $9.71 |
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 |
|---|---|
| 2026-09-04 | 23.57% |
| 2026-09-03 | 23.57% |
| 2026-09-02 | 23.57% |
| 2026-09-01 | 23.57% |
| 2026-08-31 | 23.57% |
| 2026-08-28 | 23.57% |
| 2026-08-27 | 23.57% |
| 2026-08-26 | 23.57% |
| 2026-08-25 | 23.51% |
| 2026-08-24 | 23.51% |
| 2026-08-21 | 23.51% |
| 2026-08-20 | 23.51% |
| 2026-08-19 | 23.50% |
| 2026-08-18 | 23.51% |
| 2026-08-17 | 23.51% |
| 2026-08-14 | 23.51% |
| 2026-08-13 | 23.51% |
| 2026-08-12 | 23.51% |
| 2026-08-11 | 23.51% |
| 2026-08-10 | 23.51% |
| 2026-08-07 | 23.51% |
| 2026-08-06 | 23.51% |
| 2026-08-05 | 23.51% |
| 2026-08-04 | 23.50% |
| 2026-08-03 | 23.51% |
| 2026-07-31 | 23.51% |
| 2026-07-30 | 23.50% |
| 2026-07-29 | 23.51% |
| 2026-07-28 | 23.50% |
| 2026-07-27 | 24.43% |
| 2026-07-24 | 24.43% |
| 2026-07-23 | 24.43% |
| 2026-07-22 | 24.43% |
| 2026-07-21 | 24.43% |
| 2026-07-20 | 24.43% |
| 2026-07-17 | 24.43% |
| 2026-07-16 | 24.43% |
| 2026-07-15 | 24.43% |
| 2026-07-14 | 24.43% |
| 2026-07-13 | 24.43% |
| 2026-07-10 | 24.43% |
| 2026-07-09 | 24.43% |
| 2026-07-08 | 24.43% |
| 2026-07-07 | 24.43% |
| 2026-07-06 | 24.43% |
| 2026-07-02 | 24.43% |
| 2026-07-01 | 24.43% |
| 2026-06-30 | 24.43% |
| 2026-06-29 | 24.43% |
| 2026-06-26 | 24.43% |
| 2026-06-25 | 24.44% |
| 2026-06-24 | 24.43% |
| 2026-06-23 | 24.43% |
| 2026-06-22 | 24.43% |
| 2026-06-18 | 24.43% |
| 2026-06-17 | 24.43% |
| 2026-06-16 | 24.43% |
| 2026-06-15 | 24.43% |
| 2026-06-12 | 24.43% |
| 2026-06-11 | 24.43% |
| 2026-06-10 | 24.43% |
| 2026-06-09 | 24.43% |
| 2026-06-08 | 24.43% |
| 2026-06-05 | 24.43% |
| 2026-06-04 | 24.43% |
| 2026-06-03 | 24.43% |
| 2026-06-02 | 24.43% |
| 2026-06-01 | 24.43% |
| 2026-05-29 | 24.43% |
| 2026-05-28 | 18.29% |
| 2026-05-27 | 24.37% |
| 2026-05-26 | 24.37% |
| 2026-05-22 | 24.37% |
| 2026-05-21 | 24.37% |
| 2026-05-20 | 24.36% |
| 2026-05-19 | 24.36% |
| 2026-05-18 | 24.37% |
| 2026-05-15 | 24.37% |
| 2026-05-14 | 24.36% |
| 2026-05-13 | 24.37% |
| 2026-05-12 | 24.37% |
| 2026-05-11 | 24.37% |
| 2026-05-08 | 24.37% |
| 2026-05-07 | 24.37% |
| 2026-05-06 | 24.37% |
| 2026-05-05 | 24.37% |
| 2026-05-04 | 24.36% |
| 2026-05-01 | 24.37% |
| 2026-04-30 | 24.36% |
| 2026-04-29 | 24.37% |
| 2026-04-28 | 24.36% |
| 2026-04-27 | 26.28% |
| 2026-04-24 | 26.28% |
| 2026-04-23 | 26.28% |
| 2026-04-22 | 26.28% |
| 2026-04-21 | 26.28% |
| 2026-04-20 | 26.28% |
| 2026-04-17 | 26.28% |
| 2026-04-16 | 26.28% |
| 2026-04-15 | 26.28% |
| 2026-04-14 | 26.28% |
| 2026-04-13 | 26.28% |
| 2026-04-10 | 26.28% |
| 2026-04-09 | 26.28% |
| 2026-04-08 | 26.28% |
| 2026-04-07 | 26.28% |
| 2026-04-06 | 26.28% |
| 2026-04-02 | 26.28% |
| 2026-04-01 | 26.28% |
| 2026-03-31 | 26.28% |
| 2026-03-30 | 26.28% |
| 2026-03-27 | 26.28% |
| 2026-03-26 | 26.28% |
| 2026-03-25 | 26.28% |
| 2026-03-24 | 26.28% |
| 2026-03-23 | 26.28% |
| 2026-03-20 | 26.28% |
| 2026-03-19 | 26.28% |
| 2026-03-18 | 26.28% |
| 2026-03-17 | 26.28% |
| 2026-03-16 | 26.28% |
| 2026-03-13 | 26.28% |
| 2026-03-12 | 26.28% |
| 2026-03-11 | 26.28% |
| 2026-03-10 | 26.28% |
| 2026-03-09 | 26.28% |
| 2026-03-06 | 26.28% |
| 2026-03-05 | 26.28% |
| 2026-03-04 | 26.28% |
| 2026-03-03 | 26.28% |
| 2026-03-02 | 26.28% |
| 2026-02-27 | 26.28% |
| 2026-02-26 | 26.28% |
| 2026-02-25 | 32.84% |
| 2026-02-24 | 26.21% |
| 2026-02-23 | 26.21% |
| 2026-02-20 | 26.21% |
| 2026-02-19 | 26.21% |
| 2026-02-18 | 26.21% |
| 2026-02-17 | 26.21% |
| 2026-02-13 | 26.21% |
| 2026-02-12 | 26.21% |
| 2026-02-11 | 26.21% |
| 2026-02-10 | 26.21% |
| 2026-02-09 | 27.92% |
| 2026-02-06 | 27.93% |
| 2026-02-05 | 27.93% |
| 2026-02-04 | 27.93% |
| 2026-02-03 | 27.93% |
| 2026-02-02 | 27.93% |
| 2026-01-30 | 27.92% |
| 2026-01-29 | 27.93% |
| 2026-01-28 | 27.93% |
| 2026-01-27 | 27.92% |
| 2026-01-26 | 27.93% |
| 2026-01-23 | 27.93% |
| 2026-01-22 | 27.93% |
| 2026-01-21 | 27.93% |
| 2026-01-20 | 27.93% |
| 2026-01-16 | 27.92% |
| 2026-01-15 | 27.93% |
| 2026-01-14 | 27.93% |
| 2026-01-13 | 27.93% |
| 2026-01-12 | 27.93% |
| 2026-01-09 | 27.92% |
| 2026-01-08 | 27.93% |
| 2026-01-07 | 27.93% |
| 2026-01-06 | 27.93% |
| 2026-01-05 | 27.93% |
| 2026-01-02 | 27.92% |
| 2025-12-31 | 27.93% |
| 2025-12-30 | 27.93% |
| 2025-12-29 | 27.93% |
| 2025-12-26 | 27.93% |
| 2025-12-24 | 27.93% |
| 2025-12-23 | 27.93% |
| 2025-12-22 | 27.93% |
| 2025-12-19 | 27.93% |
| 2025-12-18 | 27.93% |
| 2025-12-17 | 27.92% |
| 2025-12-16 | 27.92% |
| 2025-12-15 | 27.93% |
| 2025-12-12 | 27.93% |
| 2025-12-11 | 27.93% |
| 2025-12-10 | 27.93% |
| 2025-12-09 | 27.93% |
| 2025-12-08 | 27.93% |
| 2025-12-05 | 27.93% |
| 2025-12-04 | 27.92% |
| 2025-12-03 | 27.92% |
| 2025-12-02 | 27.92% |
| 2025-12-01 | 27.93% |
| 2025-11-28 | 27.93% |
| 2025-11-26 | 27.92% |
| 2025-11-25 | 34.54% |
| 2025-11-24 | 27.56% |
| 2025-11-21 | 27.57% |
| 2025-11-20 | 27.56% |
| 2025-11-19 | 27.56% |
| 2025-11-18 | 27.57% |
| 2025-11-17 | 27.56% |
| 2025-11-14 | 27.56% |
| 2025-11-13 | 27.56% |
| 2025-11-12 | 27.56% |
| 2025-11-11 | 27.56% |
| 2025-11-10 | 27.57% |
| 2025-11-07 | 27.56% |
| 2025-11-06 | 27.57% |
| 2025-11-05 | 27.56% |
| 2025-11-04 | 27.57% |
| 2025-11-03 | 27.57% |
| 2025-10-31 | 27.56% |
| 2025-10-30 | 27.56% |
| 2025-10-29 | 29.13% |
| 2025-10-28 | 29.13% |
| 2025-10-27 | 29.13% |
| 2025-10-24 | 29.13% |
| 2025-10-23 | 29.13% |
| 2025-10-22 | 29.13% |
| 2025-10-21 | 29.13% |
| 2025-10-20 | 29.13% |
| 2025-10-17 | 29.13% |
| 2025-10-16 | 29.13% |
| 2025-10-15 | 29.13% |
| 2025-10-14 | 29.13% |
| 2025-10-13 | 29.13% |
| 2025-10-10 | 29.13% |
| 2025-10-09 | 29.13% |
| 2025-10-08 | 29.13% |
| 2025-10-07 | 29.13% |
| 2025-10-06 | 29.13% |
| 2025-10-03 | 29.13% |
| 2025-10-02 | 29.13% |
| 2025-10-01 | 29.13% |
| 2025-09-30 | 29.13% |
| 2025-09-29 | 29.13% |
| 2025-09-26 | 29.13% |
| 2025-09-25 | 29.13% |
| 2025-09-24 | 29.13% |
| 2025-09-23 | 29.13% |
| 2025-09-22 | 29.13% |
| 2025-09-19 | 29.13% |
| 2025-09-18 | 29.13% |
| 2025-09-17 | 29.13% |
| 2025-09-16 | 29.13% |
| 2025-09-15 | 29.13% |
| 2025-09-12 | 29.13% |
| 2025-09-11 | 29.13% |
| 2025-09-10 | 29.13% |
| 2025-09-09 | 29.13% |
| 2025-09-08 | 29.13% |
| 2025-09-05 | 29.13% |
| 2025-09-04 | 29.13% |
| 2025-09-03 | 29.13% |
| 2025-09-02 | 29.13% |
| 2025-08-29 | 29.13% |
| 2025-08-28 | 29.13% |
| 2025-08-27 | 29.13% |
| 2025-08-26 | 36.12% |
| 2025-08-25 | 28.75% |
Showing the most recent 260 of 2,563 data points. The chart above shows the full history.
| $2.68 |
| 27.6% |
| 2019-12-31 | $8.65 | $2.28 | 26.4% |
| 2018-12-31 | $7.80 | $2.00 | 25.6% |
| 2017-12-31 | $5.84 | $1.64 | 28.1% |
| 2016-12-31 | $8.02 | $1.44 | 18.0% |
| 2015-12-31 | $4.26 | $1.32 | 31.0% |
| 2014-12-31 | ($0.42) | $1.20 | N/A (Loss) |
| 2013-12-31 | $5.01 | $1.12 | 22.4% |
| 2012-12-31 | $1.57 | $1.02 | 65.0% |
| 2011-12-31 | $3.05 | $1.00 | 32.8% |
| 2010-12-31 | $2.68 | $0.94 | 35.1% |
| 2009-12-31 | $2.34 | $0.90 | 38.5% |
| 2008-12-31 | $2.53 | $0.88 | 34.8% |
| 2007-12-31 | $3.01 | $0.82 | 27.2% |
| 2006-12-31 | $2.47 | $0.73 | 29.4% |
| 2005-12-31 | $2.25 | $0.58 | 25.7% |
| 2004-12-31 | $1.99 | $0.60 | 30.2% |
| 2003-12-31 | $1.81 | $0.54 | 29.8% |
| 2002-12-31 | $1.50 | $0.51 | 34.0% |
| 2001-12-31 | $0.98 | $0.49 | 50.0% |
| 2000-12-31 | $1.04 | $0.47 | 45.2% |
| 1999-12-31 | $1.09 | $0.42 | 38.5% |
| 1998-12-31 | $0.84 | $0.49 | 58.0% |
| 1997-12-31 | $0.74 | $0.36 | 48.6% |
| 1996-12-31 | $1.24 | $0.33 | 26.6% |
