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 36.06% is 16% below its 5-year average of 43.18%, around the middle of its 5-year range (25.73%–56.47%).
As of Saturday, August 1, 2026. 14.96% below its 12-month average of 42.41%.
Dividend Payout Ratio (36.06%) = TTM Dividends/Share ($3.48) / TTM EPS ($9.65)
DIVIDEND PAYOUT RATIO
36.06%
DIVIDEND PAYOUT RATIO AVG TTM
42.41%
DIVIDEND PAYOUT RATIO AVG 3Y
41.08%
DIVIDEND PAYOUT RATIO AVG 5Y
43.20%
DIVIDEND PAYOUT RATIO AVG 10Y
43.15%
DIVIDEND PAYOUT RATIO AVG 15Y
41.93%
DIVIDEND PAYOUT RATIO AVG 20Y
35.44%
CURRENT VS TTM AVG
-14.96%
CURRENT VS 3Y AVG
-12.23%
CURRENT VS 5Y AVG
-16.53%
CURRENT VS 10Y AVG
-16.42%
CURRENT VS 15Y AVG
-13.99%
CURRENT VS 20Y AVG
+1.76%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $8.49 | $3.40 | 40.0% |
| 2024 | $7.86 | $3.24 | 41.2% |
| 2023 | $8.34 | $3.05 | 36.6% |
| 2022 | $6.23 | $2.83 | 45.5% |
| 2021 | $5.29 | $2.58 | 48.9% |
| 2020 | $4.26 | $2.35 |
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 |
|---|---|
| 2026-07-31 | 36.06% |
| 2026-07-30 | 36.07% |
| 2026-07-29 | 40.28% |
| 2026-07-28 | 40.28% |
| 2026-07-27 | 40.27% |
| 2026-07-24 | 40.27% |
| 2026-07-23 | 40.28% |
| 2026-07-22 | 40.28% |
| 2026-07-21 | 40.28% |
| 2026-07-20 | 40.28% |
| 2026-07-17 | 40.28% |
| 2026-07-16 | 40.27% |
| 2026-07-15 | 40.28% |
| 2026-07-14 | 40.27% |
| 2026-07-13 | 40.28% |
| 2026-07-10 | 40.28% |
| 2026-07-09 | 40.28% |
| 2026-07-08 | 40.28% |
| 2026-07-07 | 40.27% |
| 2026-07-06 | 40.27% |
| 2026-07-02 | 40.27% |
| 2026-07-01 | 40.28% |
| 2026-06-30 | 40.28% |
| 2026-06-29 | 39.81% |
| 2026-06-26 | 39.82% |
| 2026-06-25 | 39.82% |
| 2026-06-24 | 39.82% |
| 2026-06-23 | 39.82% |
| 2026-06-22 | 39.82% |
| 2026-06-18 | 39.82% |
| 2026-06-17 | 39.81% |
| 2026-06-16 | 39.82% |
| 2026-06-15 | 39.81% |
| 2026-06-12 | 39.81% |
| 2026-06-11 | 39.81% |
| 2026-06-10 | 39.82% |
| 2026-06-09 | 39.81% |
| 2026-06-08 | 39.82% |
| 2026-06-05 | 39.82% |
| 2026-06-04 | 39.81% |
| 2026-06-03 | 39.81% |
| 2026-06-02 | 39.82% |
| 2026-06-01 | 39.82% |
| 2026-05-29 | 39.81% |
| 2026-05-28 | 39.82% |
| 2026-05-27 | 39.82% |
| 2026-05-26 | 39.82% |
| 2026-05-22 | 39.82% |
| 2026-05-21 | 39.81% |
| 2026-05-20 | 39.82% |
| 2026-05-19 | 39.82% |
| 2026-05-18 | 39.81% |
| 2026-05-15 | 39.81% |
| 2026-05-14 | 39.81% |
| 2026-05-13 | 39.81% |
| 2026-05-12 | 39.81% |
| 2026-05-11 | 39.82% |
| 2026-05-08 | 40.95% |
| 2026-05-07 | 40.96% |
| 2026-05-06 | 40.95% |
| 2026-05-05 | 40.95% |
| 2026-05-04 | 40.95% |
| 2026-05-01 | 40.96% |
| 2026-04-30 | 40.96% |
| 2026-04-29 | 40.96% |
| 2026-04-28 | 40.96% |
| 2026-04-27 | 40.95% |
| 2026-04-24 | 40.95% |
| 2026-04-23 | 40.95% |
| 2026-04-22 | 40.95% |
| 2026-04-21 | 40.95% |
| 2026-04-20 | 40.95% |
| 2026-04-17 | 40.95% |
| 2026-04-16 | 40.95% |
| 2026-04-15 | 40.95% |
| 2026-04-14 | 40.96% |
| 2026-04-13 | 40.95% |
| 2026-04-10 | 40.95% |
| 2026-04-09 | 40.95% |
| 2026-04-08 | 40.96% |
| 2026-04-07 | 40.95% |
| 2026-04-06 | 40.95% |
| 2026-04-02 | 40.95% |
| 2026-04-01 | 40.95% |
| 2026-03-31 | 40.95% |
| 2026-03-30 | 40.47% |
| 2026-03-27 | 40.48% |
| 2026-03-26 | 40.47% |
| 2026-03-25 | 40.48% |
| 2026-03-24 | 40.48% |
| 2026-03-23 | 40.47% |
| 2026-03-20 | 40.48% |
| 2026-03-19 | 40.48% |
| 2026-03-18 | 40.48% |
| 2026-03-17 | 40.48% |
| 2026-03-16 | 40.47% |
| 2026-03-13 | 40.47% |
| 2026-03-12 | 40.47% |
| 2026-03-11 | 40.47% |
| 2026-03-10 | 40.48% |
| 2026-03-09 | 40.47% |
| 2026-03-06 | 40.48% |
| 2026-03-05 | 40.48% |
| 2026-03-04 | 40.47% |
| 2026-03-03 | 40.47% |
| 2026-03-02 | 40.47% |
| 2026-02-27 | 40.48% |
| 2026-02-26 | 40.48% |
| 2026-02-25 | 40.48% |
| 2026-02-24 | 40.48% |
| 2026-02-23 | 40.48% |
| 2026-02-20 | 40.48% |
| 2026-02-19 | 40.47% |
| 2026-02-18 | 40.48% |
| 2026-02-17 | 40.48% |
| 2026-02-13 | 40.48% |
| 2026-02-12 | 40.47% |
| 2026-02-11 | 40.48% |
| 2026-02-10 | 44.68% |
| 2026-02-09 | 44.68% |
| 2026-02-06 | 44.68% |
| 2026-02-05 | 44.67% |
| 2026-02-04 | 44.68% |
| 2026-02-03 | 44.67% |
| 2026-02-02 | 44.68% |
| 2026-01-30 | 44.68% |
| 2026-01-29 | 44.68% |
| 2026-01-28 | 44.68% |
| 2026-01-27 | 44.68% |
| 2026-01-26 | 44.68% |
| 2026-01-23 | 44.67% |
| 2026-01-22 | 44.68% |
| 2026-01-21 | 44.68% |
| 2026-01-20 | 44.67% |
| 2026-01-16 | 44.68% |
| 2026-01-15 | 44.67% |
| 2026-01-14 | 44.68% |
| 2026-01-13 | 44.68% |
| 2026-01-12 | 44.68% |
| 2026-01-09 | 44.68% |
| 2026-01-08 | 44.67% |
| 2026-01-07 | 44.67% |
| 2026-01-06 | 44.68% |
| 2026-01-05 | 44.68% |
| 2026-01-02 | 44.68% |
| 2025-12-31 | 44.68% |
| 2025-12-30 | 44.15% |
| 2025-12-29 | 44.15% |
| 2025-12-26 | 44.16% |
| 2025-12-24 | 44.15% |
| 2025-12-23 | 44.16% |
| 2025-12-22 | 44.15% |
| 2025-12-19 | 44.16% |
| 2025-12-18 | 44.15% |
| 2025-12-17 | 44.15% |
| 2025-12-16 | 44.15% |
| 2025-12-15 | 44.15% |
| 2025-12-12 | 44.15% |
| 2025-12-11 | 44.15% |
| 2025-12-10 | 44.15% |
| 2025-12-09 | 44.15% |
| 2025-12-08 | 44.16% |
| 2025-12-05 | 44.15% |
| 2025-12-04 | 44.15% |
| 2025-12-03 | 44.15% |
| 2025-12-02 | 44.15% |
| 2025-12-01 | 44.16% |
| 2025-11-28 | 44.16% |
| 2025-11-26 | 44.15% |
| 2025-11-25 | 44.15% |
| 2025-11-24 | 44.15% |
| 2025-11-21 | 44.15% |
| 2025-11-20 | 44.15% |
| 2025-11-19 | 44.15% |
| 2025-11-18 | 44.15% |
| 2025-11-17 | 44.15% |
| 2025-11-14 | 44.15% |
| 2025-11-13 | 44.15% |
| 2025-11-12 | 44.15% |
| 2025-11-11 | 44.15% |
| 2025-11-10 | 44.15% |
| 2025-11-07 | 44.15% |
| 2025-11-06 | 44.15% |
| 2025-11-05 | 44.15% |
| 2025-11-04 | 44.15% |
| 2025-11-03 | 44.15% |
| 2025-10-31 | 44.15% |
| 2025-10-30 | 44.50% |
| 2025-10-29 | 44.50% |
| 2025-10-28 | 44.50% |
| 2025-10-27 | 44.50% |
| 2025-10-24 | 44.50% |
| 2025-10-23 | 44.51% |
| 2025-10-22 | 44.51% |
| 2025-10-21 | 44.50% |
| 2025-10-20 | 44.50% |
| 2025-10-17 | 44.50% |
| 2025-10-16 | 44.51% |
| 2025-10-15 | 44.50% |
| 2025-10-14 | 44.51% |
| 2025-10-13 | 44.50% |
| 2025-10-10 | 44.50% |
| 2025-10-09 | 44.50% |
| 2025-10-08 | 44.51% |
| 2025-10-07 | 44.51% |
| 2025-10-06 | 44.50% |
| 2025-10-03 | 44.50% |
| 2025-10-02 | 44.50% |
| 2025-10-01 | 44.50% |
| 2025-09-30 | 44.50% |
| 2025-09-29 | 43.97% |
| 2025-09-26 | 43.98% |
| 2025-09-25 | 43.98% |
| 2025-09-24 | 43.98% |
| 2025-09-23 | 43.97% |
| 2025-09-22 | 43.98% |
| 2025-09-19 | 43.97% |
| 2025-09-18 | 43.98% |
| 2025-09-17 | 43.98% |
| 2025-09-16 | 43.97% |
| 2025-09-15 | 43.97% |
| 2025-09-12 | 43.97% |
| 2025-09-11 | 43.98% |
| 2025-09-10 | 43.97% |
| 2025-09-09 | 43.97% |
| 2025-09-08 | 43.98% |
| 2025-09-05 | 43.97% |
| 2025-09-04 | 43.97% |
| 2025-09-03 | 43.97% |
| 2025-09-02 | 43.98% |
| 2025-08-29 | 43.97% |
| 2025-08-28 | 43.97% |
| 2025-08-27 | 43.97% |
| 2025-08-26 | 43.97% |
| 2025-08-25 | 43.97% |
| 2025-08-22 | 43.97% |
| 2025-08-21 | 43.97% |
| 2025-08-20 | 43.97% |
| 2025-08-19 | 43.98% |
| 2025-08-18 | 43.97% |
| 2025-08-15 | 43.97% |
| 2025-08-14 | 43.98% |
| 2025-08-13 | 43.97% |
| 2025-08-12 | 43.97% |
| 2025-08-11 | 43.97% |
| 2025-08-08 | 43.97% |
| 2025-08-07 | 43.97% |
| 2025-08-06 | 43.97% |
| 2025-08-05 | 43.98% |
| 2025-08-04 | 43.97% |
| 2025-08-01 | 43.97% |
| 2025-07-31 | 44.86% |
| 2025-07-30 | 44.87% |
| 2025-07-29 | 44.86% |
| 2025-07-28 | 44.87% |
| 2025-07-25 | 44.86% |
| 2025-07-24 | 44.86% |
| 2025-07-23 | 44.87% |
| 2025-07-22 | 44.87% |
| 2025-07-21 | 44.86% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 55.3% |
| 2019 | $5.57 | $2.13 | 38.3% |
| 2018 | $9.50 | $1.93 | 20.3% |
| 2017 | $2.73 | $1.74 | 63.9% |
| 2016 | $4.40 | $1.57 | 35.6% |
| 2015 | $3.82 | $1.42 | 37.0% |
| 2014 | $1.36 | $1.26 | 92.6% |
| 2013 | $2.66 | $1.10 | 41.4% |
| 2012 | $3.41 | $0.90 | 26.5% |
| 2011 | $3.48 | $0.75 | 21.6% |
| 2010 | $3.21 | $0.63 | 19.6% |
| 2009 | $2.79 | $0.25 | 9.0% |
| 2008 | $2.81 | $0.40 | 14.2% |
| 2007 | $2.48 | $0.33 | 13.3% |
| 2006 | $1.91 | $0.22 | 11.5% |
| 2005 | $1.60 | $0.11 | 6.9% |
| 2004 | $1.10 | $0.09 | 8.2% |
| 2003 | $1.09 | $0.07 | 6.4% |
| 2002 | $0.83 | $0.06 | 7.2% |
| 2001 | $0.69 | $0.05 | 7.2% |
| 2000 | $0.56 | $0.04 | 7.1% |
| 1999 | $0.05 | $0.03 | 65.0% |
| 1998 | $0.16 | $0.01 | 4.7% |
| 1997 | $0.33 | $0.03 | 8.3% |
| 1996 | $0.27 | $0.01 | 2.3% |
