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 103.43% is in line with its 5-year average of 111.70%, near the low end of its 5-year range (58.12%–482.08%).
As of Thursday, August 27, 2026. 2.03% below its 12-month average of 105.57%.
Dividend Payout Ratio (103.43%) = TTM Dividends/Share ($2.48) / TTM EPS ($2.40)
DIVIDEND PAYOUT RATIO
103.43%
DIVIDEND PAYOUT RATIO AVG TTM
105.57%
DIVIDEND PAYOUT RATIO AVG 3Y
98.71%
DIVIDEND PAYOUT RATIO AVG 5Y
111.70%
DIVIDEND PAYOUT RATIO AVG 10Y
103.07%
DIVIDEND PAYOUT RATIO AVG 15Y
94.12%
DIVIDEND PAYOUT RATIO AVG 20Y
86.79%
CURRENT VS TTM AVG
-2.03%
CURRENT VS 3Y AVG
+4.78%
CURRENT VS 5Y AVG
-7.40%
CURRENT VS 10Y AVG
+0.35%
CURRENT VS 15Y AVG
+9.89%
CURRENT VS 20Y AVG
+19.17%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $2.38 | $2.45 | 102.7% |
| 2024 | $3.08 | $2.69 | 87.4% |
| 2023 | $2.01 | $2.78 | 138.6% |
| 2022 | $0.47 | $2.74 | 580.0% |
| 2021 | $1.48 | $2.78 | 187.9% |
| 2020 | $3.72 | $2.40 |
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 |
|---|---|
| 2026-08-27 | 103.43% |
| 2026-08-26 | 103.44% |
| 2026-08-25 | 103.44% |
| 2026-08-24 | 103.45% |
| 2026-08-21 | 103.44% |
| 2026-08-20 | 103.43% |
| 2026-08-19 | 103.45% |
| 2026-08-18 | 103.46% |
| 2026-08-17 | 103.45% |
| 2026-08-14 | 103.46% |
| 2026-08-13 | 103.45% |
| 2026-08-12 | 103.46% |
| 2026-08-11 | 103.45% |
| 2026-08-10 | 103.45% |
| 2026-08-07 | 103.46% |
| 2026-08-06 | 103.46% |
| 2026-08-05 | 103.45% |
| 2026-08-04 | 103.44% |
| 2026-08-03 | 103.47% |
| 2026-07-31 | 103.44% |
| 2026-07-30 | 103.46% |
| 2026-07-29 | 107.06% |
| 2026-07-28 | 107.07% |
| 2026-07-27 | 107.07% |
| 2026-07-24 | 107.06% |
| 2026-07-23 | 107.08% |
| 2026-07-22 | 107.06% |
| 2026-07-21 | 107.06% |
| 2026-07-20 | 107.09% |
| 2026-07-17 | 107.09% |
| 2026-07-16 | 107.09% |
| 2026-07-15 | 107.07% |
| 2026-07-14 | 107.06% |
| 2026-07-13 | 107.08% |
| 2026-07-10 | 107.09% |
| 2026-07-09 | 107.09% |
| 2026-07-08 | 107.08% |
| 2026-07-07 | 107.08% |
| 2026-07-06 | 107.07% |
| 2026-07-02 | 107.06% |
| 2026-07-01 | 107.09% |
| 2026-06-30 | 107.09% |
| 2026-06-29 | 107.35% |
| 2026-06-26 | 107.36% |
| 2026-06-25 | 107.35% |
| 2026-06-24 | 107.34% |
| 2026-06-23 | 107.34% |
| 2026-06-22 | 107.35% |
| 2026-06-18 | 107.37% |
| 2026-06-17 | 107.35% |
| 2026-06-16 | 107.35% |
| 2026-06-15 | 107.36% |
| 2026-06-12 | 107.37% |
| 2026-06-11 | 107.35% |
| 2026-06-10 | 107.35% |
| 2026-06-09 | 107.36% |
| 2026-06-08 | 107.34% |
| 2026-06-05 | 107.36% |
| 2026-06-04 | 107.37% |
| 2026-06-03 | 107.36% |
| 2026-06-02 | 107.34% |
| 2026-06-01 | 107.37% |
| 2026-05-29 | 107.36% |
| 2026-05-28 | 107.37% |
| 2026-05-27 | 107.35% |
| 2026-05-26 | 107.37% |
| 2026-05-22 | 107.35% |
| 2026-05-21 | 107.35% |
| 2026-05-20 | 107.36% |
| 2026-05-19 | 107.37% |
| 2026-05-18 | 107.37% |
| 2026-05-15 | 107.36% |
| 2026-05-14 | 107.37% |
| 2026-05-13 | 107.36% |
| 2026-05-12 | 107.35% |
| 2026-05-11 | 107.36% |
| 2026-05-08 | 107.35% |
| 2026-05-07 | 107.35% |
| 2026-05-06 | 107.35% |
| 2026-05-05 | 107.36% |
| 2026-05-04 | 107.36% |
| 2026-05-01 | 107.37% |
| 2026-04-30 | 107.34% |
| 2026-04-29 | 107.36% |
| 2026-04-28 | 107.37% |
| 2026-04-27 | 107.34% |
| 2026-04-24 | 107.35% |
| 2026-04-23 | 107.34% |
| 2026-04-22 | 107.34% |
| 2026-04-21 | 107.34% |
| 2026-04-20 | 107.36% |
| 2026-04-17 | 107.37% |
| 2026-04-16 | 107.37% |
| 2026-04-15 | 107.36% |
| 2026-04-14 | 107.35% |
| 2026-04-13 | 107.36% |
| 2026-04-10 | 107.34% |
| 2026-04-09 | 107.34% |
| 2026-04-08 | 107.34% |
| 2026-04-07 | 107.34% |
| 2026-04-06 | 107.34% |
| 2026-04-02 | 107.36% |
| 2026-04-01 | 107.37% |
| 2026-03-31 | 107.35% |
| 2026-03-30 | 105.71% |
| 2026-03-27 | 104.17% |
| 2026-03-26 | 104.16% |
| 2026-03-25 | 104.17% |
| 2026-03-24 | 104.17% |
| 2026-03-23 | 104.17% |
| 2026-03-20 | 104.16% |
| 2026-03-19 | 104.15% |
| 2026-03-18 | 104.15% |
| 2026-03-17 | 104.14% |
| 2026-03-16 | 104.17% |
| 2026-03-13 | 104.16% |
| 2026-03-12 | 104.16% |
| 2026-03-11 | 104.16% |
| 2026-03-10 | 104.17% |
| 2026-03-09 | 104.16% |
| 2026-03-06 | 104.17% |
| 2026-03-05 | 104.14% |
| 2026-03-04 | 104.15% |
| 2026-03-03 | 104.15% |
| 2026-03-02 | 104.16% |
| 2026-02-27 | 104.14% |
| 2026-02-26 | 104.17% |
| 2026-02-25 | 104.15% |
| 2026-02-24 | 104.16% |
| 2026-02-23 | 104.15% |
| 2026-02-20 | 104.15% |
| 2026-02-19 | 104.15% |
| 2026-02-18 | 104.16% |
| 2026-02-17 | 104.14% |
| 2026-02-13 | 104.16% |
| 2026-02-12 | 105.91% |
| 2026-02-11 | 105.90% |
| 2026-02-10 | 105.90% |
| 2026-02-09 | 105.89% |
| 2026-02-06 | 105.89% |
| 2026-02-05 | 105.89% |
| 2026-02-04 | 105.89% |
| 2026-02-03 | 105.90% |
| 2026-02-02 | 105.88% |
| 2026-01-30 | 105.88% |
| 2026-01-29 | 105.89% |
| 2026-01-28 | 105.88% |
| 2026-01-27 | 105.88% |
| 2026-01-26 | 105.91% |
| 2026-01-23 | 105.89% |
| 2026-01-22 | 105.90% |
| 2026-01-21 | 105.90% |
| 2026-01-20 | 105.88% |
| 2026-01-16 | 105.90% |
| 2026-01-15 | 105.92% |
| 2026-01-14 | 105.91% |
| 2026-01-13 | 105.91% |
| 2026-01-12 | 105.91% |
| 2026-01-09 | 105.89% |
| 2026-01-08 | 105.89% |
| 2026-01-07 | 105.88% |
| 2026-01-06 | 105.88% |
| 2026-01-05 | 105.90% |
| 2026-01-02 | 105.90% |
| 2025-12-31 | 105.90% |
| 2025-12-30 | 103.79% |
| 2025-12-29 | 103.81% |
| 2025-12-26 | 103.78% |
| 2025-12-24 | 103.79% |
| 2025-12-23 | 103.80% |
| 2025-12-22 | 103.80% |
| 2025-12-19 | 103.78% |
| 2025-12-18 | 103.81% |
| 2025-12-17 | 103.79% |
| 2025-12-16 | 103.81% |
| 2025-12-15 | 103.78% |
| 2025-12-12 | 103.80% |
| 2025-12-11 | 103.79% |
| 2025-12-10 | 103.79% |
| 2025-12-09 | 103.80% |
| 2025-12-08 | 103.78% |
| 2025-12-05 | 103.80% |
| 2025-12-04 | 103.78% |
| 2025-12-03 | 103.80% |
| 2025-12-02 | 103.81% |
| 2025-12-01 | 103.78% |
| 2025-11-28 | 103.78% |
| 2025-11-26 | 103.78% |
| 2025-11-25 | 103.78% |
| 2025-11-24 | 103.78% |
| 2025-11-21 | 103.79% |
| 2025-11-20 | 103.82% |
| 2025-11-19 | 103.80% |
| 2025-11-18 | 103.79% |
| 2025-11-17 | 103.78% |
| 2025-11-14 | 103.77% |
| 2025-11-13 | 103.78% |
| 2025-11-12 | 103.81% |
| 2025-11-11 | 103.80% |
| 2025-11-10 | 103.79% |
| 2025-11-07 | 103.81% |
| 2025-11-06 | 103.81% |
| 2025-11-05 | 81.68% |
| 2025-11-04 | 81.69% |
| 2025-11-03 | 81.68% |
| 2025-10-31 | 81.66% |
| 2025-10-30 | 81.69% |
| 2025-10-29 | 81.70% |
| 2025-10-28 | 81.67% |
| 2025-10-27 | 81.69% |
| 2025-10-24 | 81.70% |
| 2025-10-23 | 81.66% |
| 2025-10-22 | 81.70% |
| 2025-10-21 | 81.68% |
| 2025-10-20 | 81.66% |
| 2025-10-17 | 81.68% |
| 2025-10-16 | 81.69% |
| 2025-10-15 | 81.68% |
| 2025-10-14 | 81.65% |
| 2025-10-13 | 81.66% |
| 2025-10-10 | 81.68% |
| 2025-10-09 | 81.68% |
| 2025-10-08 | 81.68% |
| 2025-10-07 | 81.66% |
| 2025-10-06 | 81.68% |
| 2025-10-03 | 81.68% |
| 2025-10-02 | 81.69% |
| 2025-10-01 | 81.66% |
| 2025-09-30 | 81.67% |
| 2025-09-29 | 81.68% |
| 2025-09-26 | 85.01% |
| 2025-09-25 | 85.05% |
| 2025-09-24 | 85.04% |
| 2025-09-23 | 85.05% |
| 2025-09-22 | 85.03% |
| 2025-09-19 | 85.01% |
| 2025-09-18 | 85.06% |
| 2025-09-17 | 85.05% |
| 2025-09-16 | 85.06% |
| 2025-09-15 | 85.05% |
| 2025-09-12 | 85.05% |
| 2025-09-11 | 85.04% |
| 2025-09-10 | 85.02% |
| 2025-09-09 | 85.05% |
| 2025-09-08 | 85.02% |
| 2025-09-05 | 85.02% |
| 2025-09-04 | 85.04% |
| 2025-09-03 | 85.03% |
| 2025-09-02 | 85.06% |
| 2025-08-29 | 85.03% |
| 2025-08-28 | 85.04% |
| 2025-08-27 | 85.04% |
| 2025-08-26 | 85.05% |
| 2025-08-25 | 85.03% |
| 2025-08-22 | 85.03% |
| 2025-08-21 | 85.05% |
| 2025-08-20 | 85.05% |
| 2025-08-19 | 85.03% |
| 2025-08-18 | 85.04% |
| 2025-08-15 | 85.05% |
Showing the most recent 260 of 2,478 data points. The chart above shows the full history.
| 64.5% |
| 2019 | $3.29 | $2.27 | 69.1% |
| 2018 | $3.00 | $2.09 | 69.6% |
| 2017 | $2.73 | $2.07 | 75.8% |
| 2016 | $0.12 | $2.14 | N/A |
| 2015 | ($1.17) | $2.42 | N/A (Loss) |
| 2014 | $2.12 | $1.92 | 90.8% |
| 2013 | $2.28 | $1.84 | 80.8% |
| 2012 | $1.85 | $1.76 | 94.9% |
| 2011 | $2.13 | $1.68 | 78.7% |
| 2010 | $1.78 | $1.60 | 89.8% |
| 2009 | $2.00 | $1.52 | 75.9% |
| 2008 | $2.07 | $1.44 | 69.6% |
| 2007 | $2.31 | $1.36 | 58.8% |
| 2006 | $1.89 | $1.28 | 67.6% |
| 2005 | $2.14 | $1.22 | 57.0% |
| 2004 | $1.77 | $0.95 | 53.7% |
| 2003 | $1.36 | $0.79 | 58.3% |
| 2002 | $0.99 | $0.64 | 64.7% |
| 2001 | $0.82 | $0.58 | 70.5% |
| 2000 | $1.00 | $0.54 | 53.9% |
| 1999 | ($0.12) | $0.76 | N/A (Loss) |
| 1998 | $0.50 | $0.80 | 158.4% |
| 1997 | $1.02 | $0.85 | 82.9% |
| 1996 | $1.31 | $0.81 | 61.4% |
