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 12.18% is 49% below its 5-year average of 23.91%, near the low end of its 5-year range (12.18%–52.55%).
As of Sunday, July 26, 2026. 24.86% below its 12-month average of 16.21%.
Dividend Payout Ratio (12.18%) = TTM Dividends/Share ($4.55) / TTM EPS ($37.34)
DIVIDEND PAYOUT RATIO
12.18%
DIVIDEND PAYOUT RATIO AVG TTM
16.21%
DIVIDEND PAYOUT RATIO AVG 3Y
19.80%
DIVIDEND PAYOUT RATIO AVG 5Y
22.82%
DIVIDEND PAYOUT RATIO AVG 10Y
28.11%
DIVIDEND PAYOUT RATIO AVG 15Y
27.71%
DIVIDEND PAYOUT RATIO AVG 20Y
25.85%
CURRENT VS TTM AVG
-24.86%
CURRENT VS 3Y AVG
-38.46%
CURRENT VS 5Y AVG
-46.60%
CURRENT VS 10Y AVG
-56.66%
CURRENT VS 15Y AVG
-56.03%
CURRENT VS 20Y AVG
-52.87%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $27.84 | $4.35 | 15.6% |
| 2024 | $21.76 | $4.15 | 19.1% |
| 2023 | $12.93 | $3.93 | 30.4% |
| 2022 | $11.91 | $3.67 | 30.8% |
| 2021 | $14.63 | $3.49 | 23.9% |
| 2020 | $10.56 | $3.37 |
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 |
|---|---|
| 2026-07-24 | 12.18% |
| 2026-07-23 | 12.19% |
| 2026-07-22 | 12.18% |
| 2026-07-21 | 12.19% |
| 2026-07-20 | 12.19% |
| 2026-07-17 | 12.18% |
| 2026-07-16 | 13.54% |
| 2026-07-15 | 13.53% |
| 2026-07-14 | 13.54% |
| 2026-07-13 | 13.54% |
| 2026-07-10 | 13.53% |
| 2026-07-09 | 13.54% |
| 2026-07-08 | 13.53% |
| 2026-07-07 | 13.54% |
| 2026-07-06 | 13.54% |
| 2026-07-02 | 13.53% |
| 2026-07-01 | 13.54% |
| 2026-06-30 | 13.53% |
| 2026-06-29 | 13.53% |
| 2026-06-26 | 13.54% |
| 2026-06-25 | 13.54% |
| 2026-06-24 | 13.53% |
| 2026-06-23 | 13.54% |
| 2026-06-22 | 13.54% |
| 2026-06-18 | 13.54% |
| 2026-06-17 | 13.54% |
| 2026-06-16 | 13.54% |
| 2026-06-15 | 13.54% |
| 2026-06-12 | 13.54% |
| 2026-06-11 | 13.53% |
| 2026-06-10 | 13.54% |
| 2026-06-09 | 13.09% |
| 2026-06-08 | 13.09% |
| 2026-06-05 | 13.09% |
| 2026-06-04 | 13.09% |
| 2026-06-03 | 13.10% |
| 2026-06-02 | 13.09% |
| 2026-06-01 | 13.10% |
| 2026-05-29 | 13.08% |
| 2026-05-28 | 13.10% |
| 2026-05-27 | 13.09% |
| 2026-05-26 | 13.09% |
| 2026-05-22 | 13.09% |
| 2026-05-21 | 13.09% |
| 2026-05-20 | 13.09% |
| 2026-05-19 | 13.09% |
| 2026-05-18 | 13.09% |
| 2026-05-15 | 13.09% |
| 2026-05-14 | 13.10% |
| 2026-05-13 | 13.09% |
| 2026-05-12 | 13.09% |
| 2026-05-11 | 13.09% |
| 2026-05-08 | 13.09% |
| 2026-05-07 | 13.08% |
| 2026-05-06 | 13.09% |
| 2026-05-05 | 13.10% |
| 2026-05-04 | 13.09% |
| 2026-05-01 | 13.10% |
| 2026-04-30 | 13.09% |
| 2026-04-29 | 13.09% |
| 2026-04-28 | 13.09% |
| 2026-04-27 | 13.10% |
| 2026-04-24 | 13.10% |
| 2026-04-23 | 13.09% |
| 2026-04-22 | 13.10% |
| 2026-04-21 | 13.09% |
| 2026-04-20 | 13.09% |
| 2026-04-17 | 13.09% |
| 2026-04-16 | 13.09% |
| 2026-04-15 | 15.98% |
| 2026-04-14 | 15.98% |
| 2026-04-13 | 15.98% |
| 2026-04-10 | 15.99% |
| 2026-04-09 | 15.98% |
| 2026-04-08 | 15.98% |
| 2026-04-07 | 15.99% |
| 2026-04-06 | 15.99% |
| 2026-04-02 | 15.98% |
| 2026-04-01 | 15.98% |
| 2026-03-31 | 15.98% |
| 2026-03-30 | 15.98% |
| 2026-03-27 | 15.98% |
| 2026-03-26 | 15.99% |
| 2026-03-25 | 15.99% |
| 2026-03-24 | 15.98% |
| 2026-03-23 | 15.98% |
| 2026-03-20 | 15.98% |
| 2026-03-19 | 15.98% |
| 2026-03-18 | 15.98% |
| 2026-03-17 | 15.99% |
| 2026-03-16 | 15.99% |
| 2026-03-13 | 15.99% |
| 2026-03-12 | 15.98% |
| 2026-03-11 | 15.99% |
| 2026-03-10 | 15.99% |
| 2026-03-09 | 15.80% |
| 2026-03-06 | 15.81% |
| 2026-03-05 | 15.80% |
| 2026-03-04 | 15.80% |
| 2026-03-03 | 15.81% |
| 2026-03-02 | 15.79% |
| 2026-02-27 | 15.80% |
| 2026-02-26 | 15.80% |
| 2026-02-25 | 15.80% |
| 2026-02-24 | 15.79% |
| 2026-02-23 | 15.80% |
| 2026-02-20 | 15.81% |
| 2026-02-19 | 15.80% |
| 2026-02-18 | 15.80% |
| 2026-02-17 | 15.80% |
| 2026-02-13 | 15.81% |
| 2026-02-12 | 15.80% |
| 2026-02-11 | 17.11% |
| 2026-02-10 | 17.10% |
| 2026-02-09 | 17.10% |
| 2026-02-06 | 17.11% |
| 2026-02-05 | 17.11% |
| 2026-02-04 | 17.11% |
| 2026-02-03 | 17.10% |
| 2026-02-02 | 17.10% |
| 2026-01-30 | 17.11% |
| 2026-01-29 | 17.11% |
| 2026-01-28 | 17.10% |
| 2026-01-27 | 17.10% |
| 2026-01-26 | 17.11% |
| 2026-01-23 | 17.10% |
| 2026-01-22 | 17.10% |
| 2026-01-21 | 17.10% |
| 2026-01-20 | 17.10% |
| 2026-01-16 | 17.10% |
| 2026-01-15 | 17.11% |
| 2026-01-14 | 17.11% |
| 2026-01-13 | 17.10% |
| 2026-01-12 | 17.11% |
| 2026-01-09 | 17.11% |
| 2026-01-08 | 17.10% |
| 2026-01-07 | 17.11% |
| 2026-01-06 | 17.10% |
| 2026-01-05 | 17.11% |
| 2026-01-02 | 17.10% |
| 2025-12-31 | 17.11% |
| 2025-12-30 | 17.11% |
| 2025-12-29 | 17.11% |
| 2025-12-26 | 17.11% |
| 2025-12-24 | 17.10% |
| 2025-12-23 | 17.10% |
| 2025-12-22 | 17.11% |
| 2025-12-19 | 17.11% |
| 2025-12-18 | 17.11% |
| 2025-12-17 | 17.10% |
| 2025-12-16 | 17.11% |
| 2025-12-15 | 17.11% |
| 2025-12-12 | 17.11% |
| 2025-12-11 | 17.10% |
| 2025-12-10 | 17.11% |
| 2025-12-09 | 16.91% |
| 2025-12-08 | 16.92% |
| 2025-12-05 | 16.92% |
| 2025-12-04 | 16.91% |
| 2025-12-03 | 16.91% |
| 2025-12-02 | 16.92% |
| 2025-12-01 | 16.90% |
| 2025-11-28 | 16.91% |
| 2025-11-26 | 16.91% |
| 2025-11-25 | 16.91% |
| 2025-11-24 | 16.91% |
| 2025-11-21 | 16.91% |
| 2025-11-20 | 16.91% |
| 2025-11-19 | 16.92% |
| 2025-11-18 | 16.91% |
| 2025-11-17 | 16.91% |
| 2025-11-14 | 16.91% |
| 2025-11-13 | 16.91% |
| 2025-11-12 | 16.91% |
| 2025-11-11 | 16.91% |
| 2025-11-10 | 16.90% |
| 2025-11-07 | 16.90% |
| 2025-11-06 | 16.90% |
| 2025-11-05 | 16.91% |
| 2025-11-04 | 16.90% |
| 2025-11-03 | 16.92% |
| 2025-10-31 | 16.90% |
| 2025-10-30 | 16.91% |
| 2025-10-29 | 16.92% |
| 2025-10-28 | 16.90% |
| 2025-10-27 | 16.91% |
| 2025-10-24 | 16.90% |
| 2025-10-23 | 16.91% |
| 2025-10-22 | 16.91% |
| 2025-10-21 | 16.91% |
| 2025-10-20 | 16.91% |
| 2025-10-17 | 16.90% |
| 2025-10-16 | 16.92% |
| 2025-10-15 | 19.02% |
| 2025-10-14 | 19.02% |
| 2025-10-13 | 19.02% |
| 2025-10-10 | 19.02% |
| 2025-10-09 | 19.02% |
| 2025-10-08 | 19.02% |
| 2025-10-07 | 19.01% |
| 2025-10-06 | 19.01% |
| 2025-10-03 | 19.02% |
| 2025-10-02 | 19.02% |
| 2025-10-01 | 19.02% |
| 2025-09-30 | 19.02% |
| 2025-09-29 | 19.02% |
| 2025-09-26 | 19.01% |
| 2025-09-25 | 19.02% |
| 2025-09-24 | 19.02% |
| 2025-09-23 | 19.02% |
| 2025-09-22 | 19.02% |
| 2025-09-19 | 19.02% |
| 2025-09-18 | 19.02% |
| 2025-09-17 | 19.01% |
| 2025-09-16 | 19.02% |
| 2025-09-15 | 19.02% |
| 2025-09-12 | 19.02% |
| 2025-09-11 | 19.02% |
| 2025-09-10 | 19.01% |
| 2025-09-09 | 18.80% |
| 2025-09-08 | 18.80% |
| 2025-09-05 | 18.79% |
| 2025-09-04 | 18.80% |
| 2025-09-03 | 18.79% |
| 2025-09-02 | 18.80% |
| 2025-08-29 | 18.80% |
| 2025-08-28 | 18.79% |
| 2025-08-27 | 18.80% |
| 2025-08-26 | 18.80% |
| 2025-08-25 | 18.80% |
| 2025-08-22 | 18.80% |
| 2025-08-21 | 18.80% |
| 2025-08-20 | 18.80% |
| 2025-08-19 | 18.79% |
| 2025-08-18 | 18.80% |
| 2025-08-15 | 18.80% |
| 2025-08-14 | 18.80% |
| 2025-08-13 | 18.80% |
| 2025-08-12 | 18.79% |
| 2025-08-11 | 18.80% |
| 2025-08-08 | 18.79% |
| 2025-08-07 | 18.80% |
| 2025-08-06 | 18.79% |
| 2025-08-05 | 18.80% |
| 2025-08-04 | 18.79% |
| 2025-08-01 | 18.81% |
| 2025-07-31 | 18.80% |
| 2025-07-30 | 18.79% |
| 2025-07-29 | 18.79% |
| 2025-07-28 | 18.79% |
| 2025-07-25 | 18.80% |
| 2025-07-24 | 18.80% |
| 2025-07-23 | 18.80% |
| 2025-07-22 | 18.80% |
| 2025-07-21 | 18.79% |
| 2025-07-18 | 18.79% |
| 2025-07-17 | 18.80% |
| 2025-07-16 | 23.14% |
| 2025-07-15 | 23.13% |
| 2025-07-14 | 23.14% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 31.9% |
| 2019 | $10.01 | $3.23 | 32.3% |
| 2018 | $9.44 | $3.03 | 32.1% |
| 2017 | $7.39 | $2.83 | 38.3% |
| 2016 | $10.39 | $2.62 | 25.2% |
| 2015 | $10.99 | $2.38 | 21.7% |
| 2014 | $10.82 | $2.15 | 19.9% |
| 2013 | $9.84 | $1.96 | 19.9% |
| 2012 | $6.35 | $1.79 | 28.2% |
| 2011 | $3.40 | $1.59 | 46.8% |
| 2010 | $6.69 | $1.41 | 21.1% |
| 2009 | $6.38 | $1.23 | 19.3% |
| 2008 | $4.87 | $1.19 | 24.4% |
| 2007 | $7.00 | $1.13 | 16.1% |
| 2006 | $6.12 | $1.01 | 16.5% |
| 2005 | $2.39 | $0.91 | 38.1% |
| 2004 | $1.56 | $1.16 | 74.4% |
| 2003 | $3.91 | $1.16 | 29.7% |
| 2002 | $0.97 | $1.16 | 119.6% |
| 2001 | ($5.13) | $1.12 | N/A (Loss) |
| 2000 | $4.50 | $1.08 | 24.0% |
| 1999 | $3.61 | $1.04 | 28.8% |
| 1998 | $0.33 | $1.00 | 303.0% |
| 1997 | $3.97 | $0.94 | 23.7% |
| 1996 | $3.01 | $0.88 | 29.2% |
