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 39.42% is 44% below its 4-year average of 70.75%, near the low end of its 4-year range (39.09%–115.90%).
As of Wednesday, July 29, 2026. 47.98% below its 12-month average of 75.77%.
Dividend Payout Ratio (39.42%) = TTM Dividends/Share ($1.23) / TTM EPS ($3.12)
DIVIDEND PAYOUT RATIO
39.42%
DIVIDEND PAYOUT RATIO AVG TTM
75.77%
DIVIDEND PAYOUT RATIO AVG 3Y
73.68%
DIVIDEND PAYOUT RATIO AVG 5Y
70.75%
DIVIDEND PAYOUT RATIO AVG 10Y
52.45%
DIVIDEND PAYOUT RATIO AVG 15Y
37.65%
DIVIDEND PAYOUT RATIO AVG 20Y
31.90%
CURRENT VS TTM AVG
-47.98%
CURRENT VS 3Y AVG
-46.51%
CURRENT VS 5Y AVG
-44.29%
CURRENT VS 10Y AVG
-24.85%
CURRENT VS 15Y AVG
+4.69%
CURRENT VS 20Y AVG
+23.56%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.13 | $1.20 | 38.3% |
| 2024 | $1.69 | $1.12 | 66.3% |
| 2023 | $1.31 | $1.04 | 79.4% |
| 2022 | $1.05 | $0.92 | 87.6% |
| 2021 | $0.39 | $0.84 | 215.4% |
| 2020 | ($1.95) | $0.76 |
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 |
|---|---|
| 2026-07-28 | 39.42% |
| 2026-07-27 | 39.42% |
| 2026-07-24 | 39.42% |
| 2026-07-23 | 39.44% |
| 2026-07-22 | 39.43% |
| 2026-07-21 | 39.41% |
| 2026-07-20 | 39.41% |
| 2026-07-17 | 39.43% |
| 2026-07-16 | 39.42% |
| 2026-07-15 | 39.43% |
| 2026-07-14 | 39.10% |
| 2026-07-13 | 39.10% |
| 2026-07-10 | 39.11% |
| 2026-07-09 | 39.09% |
| 2026-07-08 | 39.12% |
| 2026-07-07 | 39.12% |
| 2026-07-06 | 39.11% |
| 2026-07-02 | 39.12% |
| 2026-07-01 | 39.11% |
| 2026-06-30 | 39.09% |
| 2026-06-29 | 39.10% |
| 2026-06-26 | 39.09% |
| 2026-06-25 | 39.10% |
| 2026-06-24 | 39.10% |
| 2026-06-23 | 39.10% |
| 2026-06-22 | 39.10% |
| 2026-06-18 | 39.11% |
| 2026-06-17 | 39.11% |
| 2026-06-16 | 39.12% |
| 2026-06-15 | 39.09% |
| 2026-06-12 | 39.10% |
| 2026-06-11 | 39.10% |
| 2026-06-10 | 39.09% |
| 2026-06-09 | 39.12% |
| 2026-06-08 | 39.10% |
| 2026-06-05 | 39.10% |
| 2026-06-04 | 39.11% |
| 2026-06-03 | 39.11% |
| 2026-06-02 | 39.11% |
| 2026-06-01 | 39.10% |
| 2026-05-29 | 39.11% |
| 2026-05-28 | 39.09% |
| 2026-05-27 | 39.10% |
| 2026-05-26 | 39.12% |
| 2026-05-22 | 39.11% |
| 2026-05-21 | 39.09% |
| 2026-05-20 | 39.09% |
| 2026-05-19 | 39.10% |
| 2026-05-18 | 39.09% |
| 2026-05-15 | 39.10% |
| 2026-05-14 | 39.11% |
| 2026-05-13 | 39.09% |
| 2026-05-12 | 39.09% |
| 2026-05-11 | 39.12% |
| 2026-05-08 | 39.10% |
| 2026-05-07 | 39.09% |
| 2026-05-06 | 39.11% |
| 2026-05-05 | 39.09% |
| 2026-05-04 | 39.09% |
| 2026-05-01 | 39.11% |
| 2026-04-30 | 39.10% |
| 2026-04-29 | 39.62% |
| 2026-04-28 | 39.59% |
| 2026-04-27 | 39.62% |
| 2026-04-24 | 39.62% |
| 2026-04-23 | 39.60% |
| 2026-04-22 | 39.61% |
| 2026-04-21 | 39.61% |
| 2026-04-20 | 39.62% |
| 2026-04-17 | 39.62% |
| 2026-04-16 | 39.60% |
| 2026-04-15 | 39.60% |
| 2026-04-14 | 39.29% |
| 2026-04-13 | 39.27% |
| 2026-04-10 | 39.27% |
| 2026-04-09 | 39.27% |
| 2026-04-08 | 39.28% |
| 2026-04-07 | 39.28% |
| 2026-04-06 | 39.29% |
| 2026-04-02 | 39.27% |
| 2026-04-01 | 39.28% |
| 2026-03-31 | 39.29% |
| 2026-03-30 | 39.28% |
| 2026-03-27 | 39.30% |
| 2026-03-26 | 39.30% |
| 2026-03-25 | 39.28% |
| 2026-03-24 | 39.29% |
| 2026-03-23 | 39.29% |
| 2026-03-20 | 39.28% |
| 2026-03-19 | 39.28% |
| 2026-03-18 | 39.28% |
| 2026-03-17 | 39.28% |
| 2026-03-16 | 39.28% |
| 2026-03-13 | 39.28% |
| 2026-03-12 | 39.27% |
| 2026-03-11 | 39.29% |
| 2026-03-10 | 39.28% |
| 2026-03-09 | 39.29% |
| 2026-03-06 | 39.27% |
| 2026-03-05 | 39.29% |
| 2026-03-04 | 39.29% |
| 2026-03-03 | 39.28% |
| 2026-03-02 | 39.27% |
| 2026-02-27 | 39.29% |
| 2026-02-26 | 39.28% |
| 2026-02-25 | 39.29% |
| 2026-02-24 | 39.29% |
| 2026-02-23 | 39.27% |
| 2026-02-20 | 39.27% |
| 2026-02-19 | 39.29% |
| 2026-02-18 | 106.14% |
| 2026-02-17 | 106.13% |
| 2026-02-13 | 106.13% |
| 2026-02-12 | 106.13% |
| 2026-02-11 | 106.14% |
| 2026-02-10 | 106.14% |
| 2026-02-09 | 106.15% |
| 2026-02-06 | 106.15% |
| 2026-02-05 | 106.16% |
| 2026-02-04 | 106.15% |
| 2026-02-03 | 106.13% |
| 2026-02-02 | 106.12% |
| 2026-01-30 | 106.14% |
| 2026-01-29 | 106.16% |
| 2026-01-28 | 106.13% |
| 2026-01-27 | 106.12% |
| 2026-01-26 | 106.14% |
| 2026-01-23 | 106.14% |
| 2026-01-22 | 106.12% |
| 2026-01-21 | 106.16% |
| 2026-01-20 | 106.14% |
| 2026-01-16 | 106.13% |
| 2026-01-15 | 106.16% |
| 2026-01-14 | 105.28% |
| 2026-01-13 | 105.27% |
| 2026-01-12 | 105.28% |
| 2026-01-09 | 105.25% |
| 2026-01-08 | 105.25% |
| 2026-01-07 | 105.27% |
| 2026-01-06 | 105.28% |
| 2026-01-05 | 105.28% |
| 2026-01-02 | 105.26% |
| 2025-12-31 | 105.25% |
| 2025-12-30 | 105.25% |
| 2025-12-29 | 105.25% |
| 2025-12-26 | 105.25% |
| 2025-12-24 | 105.25% |
| 2025-12-23 | 105.27% |
| 2025-12-22 | 105.25% |
| 2025-12-19 | 105.27% |
| 2025-12-18 | 105.26% |
| 2025-12-17 | 105.27% |
| 2025-12-16 | 105.25% |
| 2025-12-15 | 105.25% |
| 2025-12-12 | 105.25% |
| 2025-12-11 | 105.28% |
| 2025-12-10 | 105.28% |
| 2025-12-09 | 105.28% |
| 2025-12-08 | 105.28% |
| 2025-12-05 | 105.24% |
| 2025-12-04 | 105.28% |
| 2025-12-03 | 105.27% |
| 2025-12-02 | 105.25% |
| 2025-12-01 | 105.26% |
| 2025-11-28 | 105.25% |
| 2025-11-26 | 105.27% |
| 2025-11-25 | 105.26% |
| 2025-11-24 | 105.25% |
| 2025-11-21 | 105.26% |
| 2025-11-20 | 105.27% |
| 2025-11-19 | 105.24% |
| 2025-11-18 | 105.24% |
| 2025-11-17 | 105.25% |
| 2025-11-14 | 105.25% |
| 2025-11-13 | 105.26% |
| 2025-11-12 | 105.28% |
| 2025-11-11 | 105.25% |
| 2025-11-10 | 105.28% |
| 2025-11-07 | 105.26% |
| 2025-11-06 | 105.27% |
| 2025-11-05 | 105.29% |
| 2025-11-04 | 105.25% |
| 2025-11-03 | 105.27% |
| 2025-10-31 | 105.27% |
| 2025-10-30 | 105.27% |
| 2025-10-29 | 105.25% |
| 2025-10-28 | 105.25% |
| 2025-10-27 | 105.28% |
| 2025-10-24 | 105.27% |
| 2025-10-23 | 105.26% |
| 2025-10-22 | 105.26% |
| 2025-10-21 | 105.27% |
| 2025-10-20 | 105.26% |
| 2025-10-17 | 105.25% |
| 2025-10-16 | 105.28% |
| 2025-10-15 | 105.27% |
| 2025-10-14 | 103.52% |
| 2025-10-13 | 103.50% |
| 2025-10-10 | 103.53% |
| 2025-10-09 | 103.49% |
| 2025-10-08 | 103.50% |
| 2025-10-07 | 103.53% |
| 2025-10-06 | 103.52% |
| 2025-10-03 | 103.50% |
| 2025-10-02 | 103.51% |
| 2025-10-01 | 103.52% |
| 2025-09-30 | 103.52% |
| 2025-09-29 | 103.50% |
| 2025-09-26 | 103.52% |
| 2025-09-25 | 103.53% |
| 2025-09-24 | 103.49% |
| 2025-09-23 | 103.49% |
| 2025-09-22 | 103.51% |
| 2025-09-19 | 103.53% |
| 2025-09-18 | 103.52% |
| 2025-09-17 | 103.49% |
| 2025-09-16 | 103.51% |
| 2025-09-15 | 103.51% |
| 2025-09-12 | 103.50% |
| 2025-09-11 | 103.50% |
| 2025-09-10 | 103.52% |
| 2025-09-09 | 103.51% |
| 2025-09-08 | 103.51% |
| 2025-09-05 | 103.50% |
| 2025-09-04 | 103.51% |
| 2025-09-03 | 103.49% |
| 2025-09-02 | 103.52% |
| 2025-08-29 | 103.51% |
| 2025-08-28 | 103.52% |
| 2025-08-27 | 103.49% |
| 2025-08-26 | 103.49% |
| 2025-08-25 | 103.52% |
| 2025-08-22 | 103.51% |
| 2025-08-21 | 103.51% |
| 2025-08-20 | 103.52% |
| 2025-08-19 | 103.52% |
| 2025-08-18 | 103.53% |
| 2025-08-15 | 103.49% |
| 2025-08-14 | 103.51% |
| 2025-08-13 | 103.50% |
| 2025-08-12 | 103.52% |
| 2025-08-11 | 103.49% |
| 2025-08-08 | 103.50% |
| 2025-08-07 | 103.49% |
| 2025-08-06 | 103.53% |
| 2025-08-05 | 103.53% |
| 2025-08-04 | 103.53% |
| 2025-08-01 | 103.49% |
| 2025-07-31 | 103.52% |
| 2025-07-30 | 72.84% |
| 2025-07-29 | 72.83% |
| 2025-07-28 | 72.82% |
| 2025-07-25 | 72.84% |
| 2025-07-24 | 72.83% |
| 2025-07-23 | 72.86% |
| 2025-07-22 | 72.84% |
| 2025-07-21 | 72.85% |
| 2025-07-18 | 72.83% |
| 2025-07-17 | 72.86% |
| 2025-07-16 | 72.84% |
Showing the most recent 260 of 2,363 data points. The chart above shows the full history.
| N/A (Loss) |
| 2019 | $1.08 | $0.64 | 59.3% |
| 2018 | $1.11 | $0.37 | 33.7% |
| 2017 | $4.62 | $0.35 | 7.5% |
| 2016 | $2.25 | $0.32 | 14.1% |
| 2015 | $5.14 | $0.30 | 5.9% |
| 2014 | $4.35 | $0.25 | 5.8% |
| 2013 | $2.38 | $0.18 | 7.6% |
| 2012 | $1.60 | $0.14 | 9.0% |
| 2011 | $0.89 | $0.12 | 13.8% |
| 2010 | $0.43 | $0.12 | 26.8% |
| 2009 | ($0.90) | $0.12 | N/A (Loss) |
| 2008 | $1.83 | $0.11 | 5.9% |
| 2007 | $1.86 | $0.09 | 4.8% |
| 2006 | $1.50 | $0.08 | 5.1% |
| 2005 | $0.59 | $0.06 | 10.2% |
| 2004 | ($0.07) | $0.06 | N/A (Loss) |
| 2003 | ($0.07) | $0.06 | N/A (Loss) |
| 2002 | ($0.14) | $0.09 | N/A (Loss) |
| 2001 | ($0.66) | $0.17 | N/A (Loss) |
| 2000 | $1.39 | $0.17 | 12.4% |
| 1999 | $1.44 | $0.17 | 11.5% |
| 1998 | $0.80 | $0.16 | 20.4% |
| 1997 | $1.07 | $0.16 | 14.6% |
| 1996 | $0.91 | $0.13 | 14.7% |
