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 36.47% is 65% below its 5-year average of 105.41%, near the low end of its 5-year range (14.68%–947.07%).
As of Tuesday, July 28, 2026. 0.24% above its 12-month average of 36.38%.
Dividend Payout Ratio (36.47%) = TTM Dividends/Share ($1.85) / TTM EPS ($5.07)
DIVIDEND PAYOUT RATIO
36.47%
DIVIDEND PAYOUT RATIO AVG TTM
36.38%
DIVIDEND PAYOUT RATIO AVG 3Y
39.23%
DIVIDEND PAYOUT RATIO AVG 5Y
33.90%
DIVIDEND PAYOUT RATIO AVG 10Y
38.47%
DIVIDEND PAYOUT RATIO AVG 15Y
40.55%
DIVIDEND PAYOUT RATIO AVG 20Y
37.88%
CURRENT VS TTM AVG
+0.24%
CURRENT VS 3Y AVG
-7.03%
CURRENT VS 5Y AVG
+7.59%
CURRENT VS 10Y AVG
-5.19%
CURRENT VS 15Y AVG
-10.05%
CURRENT VS 20Y AVG
-3.72%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | ($10.83) | $1.88 | N/A (Loss) |
| 2024 | $5.38 | $1.76 | 32.7% |
| 2023 | $4.39 | $1.64 | 37.4% |
| 2022 | ($0.86) | $1.52 | N/A (Loss) |
| 2021 | $4.63 | $0.68 | 14.7% |
| 2020 | ($4.36) | $0.57 |
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 |
|---|---|
| 2025-11-03 | 36.47% |
| 2025-10-31 | 36.48% |
| 2025-10-30 | 36.49% |
| 2025-10-29 | 36.48% |
| 2025-10-28 | 36.48% |
| 2025-10-27 | 36.49% |
| 2025-10-24 | 36.48% |
| 2025-10-23 | 36.50% |
| 2025-10-22 | 36.49% |
| 2025-10-21 | 36.49% |
| 2025-10-20 | 36.48% |
| 2025-10-17 | 36.51% |
| 2025-10-16 | 36.50% |
| 2025-10-15 | 36.51% |
| 2025-10-14 | 36.50% |
| 2025-10-13 | 36.49% |
| 2025-10-10 | 36.50% |
| 2025-10-09 | 36.47% |
| 2025-10-08 | 36.47% |
| 2025-10-07 | 36.50% |
| 2025-10-06 | 36.47% |
| 2025-10-03 | 36.49% |
| 2025-10-02 | 36.50% |
| 2025-10-01 | 36.49% |
| 2025-09-30 | 36.51% |
| 2025-09-29 | 36.51% |
| 2025-09-26 | 36.48% |
| 2025-09-25 | 36.49% |
| 2025-09-24 | 36.50% |
| 2025-09-23 | 36.50% |
| 2025-09-22 | 36.47% |
| 2025-09-19 | 36.51% |
| 2025-09-18 | 36.49% |
| 2025-09-17 | 36.48% |
| 2025-09-16 | 36.51% |
| 2025-09-15 | 36.48% |
| 2025-09-12 | 36.49% |
| 2025-09-11 | 36.49% |
| 2025-09-10 | 36.47% |
| 2025-09-09 | 36.48% |
| 2025-09-08 | 36.50% |
| 2025-09-05 | 36.49% |
| 2025-09-04 | 27.21% |
| 2025-09-03 | 27.21% |
| 2025-09-02 | 27.22% |
| 2025-08-29 | 35.90% |
| 2025-08-28 | 35.91% |
| 2025-08-27 | 35.88% |
| 2025-08-26 | 35.91% |
| 2025-08-25 | 35.90% |
| 2025-08-22 | 35.91% |
| 2025-08-21 | 35.91% |
| 2025-08-20 | 35.89% |
| 2025-08-19 | 35.91% |
| 2025-08-18 | 35.89% |
| 2025-08-15 | 35.89% |
| 2025-08-14 | 35.88% |
| 2025-08-13 | 35.90% |
| 2025-08-12 | 35.91% |
| 2025-08-11 | 35.89% |
| 2025-08-08 | 35.90% |
| 2025-08-07 | 35.89% |
| 2025-08-06 | 35.89% |
| 2025-08-05 | 35.90% |
| 2025-08-04 | 36.62% |
| 2025-08-01 | 36.62% |
| 2025-07-31 | 36.61% |
| 2025-07-30 | 36.61% |
| 2025-07-29 | 36.64% |
| 2025-07-28 | 36.60% |
| 2025-07-25 | 36.62% |
| 2025-07-24 | 36.64% |
| 2025-07-23 | 36.62% |
| 2025-07-22 | 36.62% |
| 2025-07-21 | 36.61% |
| 2025-07-18 | 36.61% |
| 2025-07-17 | 36.62% |
| 2025-07-16 | 36.63% |
| 2025-07-15 | 36.62% |
| 2025-07-14 | 36.61% |
| 2025-07-11 | 36.62% |
| 2025-07-10 | 36.61% |
| 2025-07-09 | 36.62% |
| 2025-07-08 | 36.64% |
| 2025-07-07 | 36.62% |
| 2025-07-03 | 36.63% |
| 2025-07-02 | 36.63% |
| 2025-07-01 | 36.61% |
| 2025-06-30 | 36.63% |
| 2025-06-27 | 36.64% |
| 2025-06-26 | 36.64% |
| 2025-06-25 | 36.64% |
| 2025-06-24 | 36.61% |
| 2025-06-23 | 36.63% |
| 2025-06-20 | 36.63% |
| 2025-06-17 | 36.63% |
| 2025-06-13 | 36.62% |
| 2025-06-11 | 36.60% |
| 2025-06-09 | 36.61% |
| 2025-06-05 | 36.00% |
| 2025-06-03 | 36.02% |
| 2025-05-30 | 36.01% |
| 2025-05-28 | 36.03% |
| 2025-05-23 | 36.03% |
| 2025-05-21 | 36.03% |
| 2025-05-19 | 36.02% |
| 2025-05-15 | 36.01% |
| 2025-05-13 | 36.01% |
| 2025-05-09 | 36.01% |
| 2025-05-07 | 33.44% |
| 2025-05-05 | 33.47% |
| 2025-05-01 | 33.46% |
| 2025-04-29 | 33.47% |
| 2025-04-25 | 33.47% |
| 2025-04-23 | 33.45% |
| 2025-04-21 | 33.46% |
| 2025-04-16 | 33.45% |
| 2025-04-14 | 33.46% |
| 2025-04-10 | 33.47% |
| 2025-04-08 | 33.47% |
| 2025-04-04 | 33.46% |
| 2025-04-02 | 33.46% |
| 2025-03-31 | 33.47% |
| 2025-03-27 | 33.45% |
| 2025-03-25 | 33.45% |
| 2025-03-21 | 33.47% |
| 2025-03-19 | 33.47% |
| 2025-03-17 | 33.47% |
| 2025-03-13 | 33.45% |
| 2025-03-11 | 33.46% |
| 2025-03-07 | 33.45% |
| 2025-03-05 | 33.45% |
| 2025-03-03 | 33.47% |
| 2025-02-27 | 41.67% |
| 2025-02-25 | 32.90% |
| 2025-02-21 | 32.91% |
| 2025-02-19 | 32.89% |
| 2025-02-14 | 39.63% |
| 2025-02-12 | 39.65% |
| 2025-02-10 | 39.63% |
| 2025-02-06 | 39.64% |
| 2025-02-04 | 39.65% |
| 2025-01-31 | 39.64% |
| 2025-01-29 | 39.65% |
| 2025-01-27 | 39.64% |
| 2025-01-23 | 39.64% |
| 2025-01-21 | 39.63% |
| 2025-01-16 | 39.63% |
| 2025-01-14 | 39.62% |
| 2025-01-10 | 39.64% |
| 2025-01-07 | 39.64% |
| 2025-01-03 | 39.65% |
| 2024-12-31 | 39.64% |
| 2024-12-27 | 39.63% |
| 2024-12-24 | 39.65% |
| 2024-12-20 | 39.63% |
| 2024-12-18 | 39.65% |
| 2024-12-16 | 39.63% |
| 2024-12-12 | 39.65% |
| 2024-12-10 | 39.64% |
| 2024-12-06 | 39.65% |
| 2024-12-04 | 29.73% |
| 2024-12-02 | 29.73% |
| 2024-11-27 | 38.98% |
| 2024-11-25 | 38.95% |
| 2024-11-21 | 38.97% |
| 2024-11-19 | 38.95% |
| 2024-11-15 | 38.97% |
| 2024-11-13 | 38.97% |
| 2024-11-11 | 38.98% |
| 2024-11-07 | 31.68% |
| 2024-11-05 | 31.68% |
| 2024-11-01 | 31.67% |
| 2024-10-30 | 31.68% |
| 2024-10-28 | 31.69% |
| 2024-10-24 | 31.67% |
| 2024-10-22 | 31.68% |
| 2024-10-18 | 31.70% |
| 2024-10-16 | 31.67% |
| 2024-10-14 | 31.70% |
| 2024-10-10 | 31.68% |
| 2024-10-08 | 31.67% |
| 2024-10-04 | 31.69% |
| 2024-10-02 | 31.69% |
| 2024-09-30 | 31.67% |
| 2024-09-26 | 31.70% |
| 2024-09-24 | 31.68% |
| 2024-09-20 | 31.69% |
| 2024-09-18 | 31.70% |
| 2024-09-16 | 31.67% |
| 2024-09-12 | 31.69% |
| 2024-09-10 | 31.69% |
| 2024-09-06 | 31.67% |
| 2024-09-04 | 31.68% |
| 2024-08-30 | 31.67% |
| 2024-08-28 | 31.13% |
| 2024-08-26 | 31.14% |
| 2024-08-22 | 31.12% |
| 2024-08-20 | 31.13% |
| 2024-08-16 | 31.13% |
| 2024-08-14 | 31.13% |
| 2024-08-12 | 31.15% |
| 2024-08-08 | 31.13% |
| 2024-08-06 | 31.13% |
| 2024-08-02 | 34.01% |
| 2024-07-31 | 34.00% |
| 2024-07-29 | 33.99% |
| 2024-07-25 | 33.99% |
| 2024-07-23 | 34.01% |
| 2024-07-19 | 34.00% |
| 2024-07-17 | 34.01% |
| 2024-07-15 | 34.01% |
| 2024-07-11 | 33.99% |
| 2024-07-09 | 34.01% |
| 2024-07-05 | 34.01% |
| 2024-07-02 | 33.99% |
| 2024-06-28 | 34.01% |
| 2024-06-26 | 33.99% |
| 2024-06-24 | 34.00% |
| 2024-06-20 | 34.01% |
| 2024-06-17 | 34.00% |
| 2024-06-13 | 34.00% |
| 2024-06-11 | 33.99% |
| 2024-06-07 | 34.01% |
| 2024-06-05 | 25.20% |
| 2024-06-03 | 25.20% |
| 2024-05-30 | 33.39% |
| 2024-05-28 | 33.39% |
| 2024-05-23 | 33.39% |
| 2024-05-21 | 33.39% |
| 2024-05-17 | 33.39% |
| 2024-05-15 | 33.39% |
| 2024-05-13 | 33.39% |
| 2024-05-09 | 33.39% |
| 2024-05-07 | 33.39% |
| 2024-05-03 | 33.40% |
| 2024-05-01 | 33.41% |
| 2024-04-29 | 38.31% |
| 2024-04-25 | 38.31% |
| 2024-04-23 | 38.30% |
| 2024-04-19 | 38.30% |
| 2024-04-17 | 38.29% |
| 2024-04-15 | 38.31% |
| 2024-04-11 | 38.30% |
| 2024-04-09 | 38.30% |
| 2024-04-05 | 38.31% |
| 2024-04-03 | 38.31% |
| 2024-04-01 | 38.30% |
| 2024-03-27 | 38.29% |
| 2024-03-25 | 38.30% |
| 2024-03-21 | 38.30% |
| 2024-03-19 | 38.31% |
| 2024-03-15 | 38.29% |
| 2024-03-13 | 38.31% |
| 2024-03-11 | 38.31% |
| 2024-03-07 | 38.29% |
| 2024-03-05 | 38.30% |
| 2024-03-01 | 38.30% |
| 2024-02-28 | 37.60% |
| 2024-02-26 | 37.61% |
Showing the most recent 260 of 2,314 data points. The chart above shows the full history.
| N/A (Loss) |
| 2019 | $1.12 | $1.96 | 175.0% |
| 2018 | $5.17 | $1.64 | 31.7% |
| 2017 | $6.57 | $1.64 | 25.0% |
| 2016 | $9.32 | $1.64 | 17.6% |
| 2015 | $1.94 | $1.64 | 84.5% |
| 2014 | $2.78 | $1.48 | 53.2% |
| 2013 | $3.10 | $1.28 | 41.3% |
| 2012 | $2.45 | $1.28 | 52.2% |
| 2011 | $3.66 | $1.24 | 33.9% |
| 2010 | $3.80 | $1.08 | 28.4% |
| 2009 | $3.91 | $0.92 | 23.5% |
| 2008 | $2.07 | $0.76 | 36.7% |
| 2007 | $2.75 | $0.64 | 23.3% |
| 2006 | $2.10 | $0.64 | 30.5% |
| 2005 | $0.85 | $0.64 | 75.3% |
| 2004 | $2.65 | $0.41 | 15.5% |
| 2003 | $2.40 | $0.41 | 17.1% |
| 2002 | $2.24 | $0.41 | 18.3% |
| 2001 | $1.67 | $0.40 | 24.0% |
| 2000 | $1.49 | $0.36 | 24.2% |
| 1999 | $1.25 | $0.32 | 25.8% |
| 1998 | $0.94 | $0.30 | 31.9% |
| 1997 | $1.11 | $0.28 | 24.8% |
| 1996 | $0.57 | $0.25 | 43.9% |
