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 25.31% is 11% below its 5-year average of 28.57%, near the low end of its 5-year range (18.64%–47.45%).
As of Friday, September 4, 2026. 9.60% below its 12-month average of 27.99%.
Dividend Payout Ratio (25.31%) = TTM Dividends/Share ($3.50) / TTM EPS ($13.81)
DIVIDEND PAYOUT RATIO
25.31%
DIVIDEND PAYOUT RATIO AVG TTM
27.99%
DIVIDEND PAYOUT RATIO AVG 3Y
27.96%
DIVIDEND PAYOUT RATIO AVG 5Y
28.57%
DIVIDEND PAYOUT RATIO AVG 10Y
36.16%
DIVIDEND PAYOUT RATIO AVG 15Y
38.92%
DIVIDEND PAYOUT RATIO AVG 20Y
44.46%
CURRENT VS TTM AVG
-9.60%
CURRENT VS 3Y AVG
-9.48%
CURRENT VS 5Y AVG
-11.41%
CURRENT VS 10Y AVG
-30.02%
CURRENT VS 15Y AVG
-34.98%
CURRENT VS 20Y AVG
-43.08%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $10.61 | $2.77 | 26.1% |
| 2024-12-31 | $7.03 | $1.84 | 26.1% |
| 2023-12-31 | $5.20 | $1.45 | 27.9% |
| 2022-12-31 | $6.48 | $1.44 | 22.2% |
| 2021-12-31 | $4.11 | $1.48 | 36.0% |
| 2020-12-31 | $3.39 |
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 |
|---|---|
| 2026-09-04 | 25.31% |
| 2026-09-03 | 25.31% |
| 2026-09-02 | 25.31% |
| 2026-09-01 | 25.31% |
| 2026-08-31 | 25.31% |
| 2026-08-28 | 25.31% |
| 2026-08-27 | 25.31% |
| 2026-08-26 | 25.31% |
| 2026-08-25 | 25.31% |
| 2026-08-24 | 25.31% |
| 2026-08-21 | 25.31% |
| 2026-08-20 | 25.31% |
| 2026-08-19 | 25.31% |
| 2026-08-18 | 25.31% |
| 2026-08-17 | 25.31% |
| 2026-08-14 | 25.31% |
| 2026-08-13 | 29.06% |
| 2026-08-12 | 29.06% |
| 2026-08-11 | 29.06% |
| 2026-08-10 | 29.06% |
| 2026-08-07 | 29.06% |
| 2026-08-06 | 29.06% |
| 2026-08-05 | 29.06% |
| 2026-08-04 | 29.06% |
| 2026-08-03 | 29.06% |
| 2026-07-31 | 29.06% |
| 2026-07-30 | 29.06% |
| 2026-07-29 | 29.06% |
| 2026-07-28 | 29.06% |
| 2026-07-27 | 29.06% |
| 2026-07-24 | 29.06% |
| 2026-07-23 | 29.06% |
| 2026-07-22 | 29.06% |
| 2026-07-21 | 29.06% |
| 2026-07-20 | 29.06% |
| 2026-07-17 | 29.06% |
| 2026-07-16 | 29.06% |
| 2026-07-15 | 29.06% |
| 2026-07-14 | 29.06% |
| 2026-07-13 | 29.06% |
| 2026-07-10 | 29.06% |
| 2026-07-09 | 29.06% |
| 2026-07-08 | 29.06% |
| 2026-07-07 | 29.06% |
| 2026-07-06 | 29.06% |
| 2026-07-02 | 29.06% |
| 2026-07-01 | 29.06% |
| 2026-06-30 | 29.06% |
| 2026-06-29 | 29.06% |
| 2026-06-26 | 29.06% |
| 2026-06-25 | 29.06% |
| 2026-06-24 | 29.06% |
| 2026-06-23 | 29.06% |
| 2026-06-22 | 29.06% |
| 2026-06-18 | 29.06% |
| 2026-06-17 | 29.06% |
| 2026-06-16 | 29.06% |
| 2026-06-15 | 29.06% |
| 2026-06-12 | 29.06% |
| 2026-06-11 | 34.19% |
| 2026-06-10 | 26.38% |
| 2026-06-09 | 26.37% |
| 2026-06-08 | 26.38% |
| 2026-06-05 | 26.37% |
| 2026-06-04 | 26.38% |
| 2026-06-03 | 26.37% |
| 2026-06-02 | 26.38% |
| 2026-06-01 | 26.38% |
| 2026-05-29 | 26.38% |
| 2026-05-28 | 26.38% |
| 2026-05-27 | 26.37% |
| 2026-05-26 | 26.38% |
| 2026-05-22 | 26.38% |
| 2026-05-21 | 26.38% |
| 2026-05-20 | 26.38% |
| 2026-05-19 | 26.38% |
| 2026-05-18 | 26.38% |
| 2026-05-15 | 26.38% |
| 2026-05-14 | 29.79% |
| 2026-05-13 | 29.79% |
| 2026-05-12 | 29.80% |
| 2026-05-11 | 29.80% |
| 2026-05-08 | 29.80% |
| 2026-05-07 | 29.79% |
| 2026-05-06 | 29.79% |
| 2026-05-05 | 29.80% |
| 2026-05-04 | 29.79% |
| 2026-05-01 | 29.79% |
| 2026-04-30 | 29.79% |
| 2026-04-29 | 29.79% |
| 2026-04-28 | 29.79% |
| 2026-04-27 | 29.79% |
| 2026-04-24 | 29.79% |
| 2026-04-23 | 29.79% |
| 2026-04-22 | 29.79% |
| 2026-04-21 | 29.79% |
| 2026-04-20 | 29.79% |
| 2026-04-17 | 29.79% |
| 2026-04-16 | 29.79% |
| 2026-04-15 | 32.57% |
| 2026-04-14 | 32.57% |
| 2026-04-13 | 32.57% |
| 2026-04-10 | 32.58% |
| 2026-04-09 | 32.57% |
| 2026-04-08 | 32.58% |
| 2026-04-07 | 32.57% |
| 2026-04-06 | 32.58% |
| 2026-04-02 | 32.58% |
| 2026-04-01 | 32.57% |
| 2026-03-31 | 32.58% |
| 2026-03-30 | 32.57% |
| 2026-03-27 | 32.58% |
| 2026-03-26 | 32.57% |
| 2026-03-25 | 32.57% |
| 2026-03-24 | 32.57% |
| 2026-03-23 | 32.58% |
| 2026-03-20 | 32.57% |
| 2026-03-19 | 32.57% |
| 2026-03-18 | 32.57% |
| 2026-03-17 | 38.07% |
| 2026-03-16 | 28.43% |
| 2026-03-13 | 28.43% |
| 2026-03-12 | 28.43% |
| 2026-03-11 | 28.43% |
| 2026-03-10 | 28.43% |
| 2026-03-09 | 28.43% |
| 2026-03-06 | 28.43% |
| 2026-03-05 | 28.43% |
| 2026-03-04 | 28.43% |
| 2026-03-03 | 28.43% |
| 2026-03-02 | 28.43% |
| 2026-02-27 | 28.43% |
| 2026-02-26 | 28.43% |
| 2026-02-25 | 28.43% |
| 2026-02-24 | 28.43% |
| 2026-02-23 | 28.43% |
| 2026-02-20 | 28.43% |
| 2026-02-19 | 28.43% |
| 2026-02-18 | 28.43% |
| 2026-02-17 | 28.43% |
| 2026-02-13 | 28.43% |
| 2026-02-12 | 28.43% |
| 2026-02-11 | 28.43% |
| 2026-02-10 | 28.43% |
| 2026-02-09 | 28.43% |
| 2026-02-06 | 28.43% |
| 2026-02-05 | 28.43% |
| 2026-02-04 | 28.43% |
| 2026-02-03 | 28.43% |
| 2026-02-02 | 28.43% |
| 2026-01-30 | 28.43% |
| 2026-01-29 | 28.43% |
| 2026-01-28 | 28.43% |
| 2026-01-27 | 28.43% |
| 2026-01-26 | 28.43% |
| 2026-01-23 | 28.43% |
| 2026-01-22 | 28.43% |
| 2026-01-21 | 28.43% |
| 2026-01-20 | 28.43% |
| 2026-01-16 | 28.43% |
| 2026-01-15 | 28.43% |
| 2026-01-14 | 28.43% |
| 2026-01-13 | 28.43% |
| 2026-01-12 | 28.43% |
| 2026-01-09 | 28.43% |
| 2026-01-08 | 28.43% |
| 2026-01-07 | 28.43% |
| 2026-01-06 | 28.43% |
| 2026-01-05 | 28.43% |
| 2026-01-02 | 28.43% |
| 2025-12-31 | 28.43% |
| 2025-12-30 | 28.43% |
| 2025-12-29 | 28.44% |
| 2025-12-26 | 28.43% |
| 2025-12-24 | 28.43% |
| 2025-12-23 | 28.43% |
| 2025-12-22 | 28.43% |
| 2025-12-19 | 28.43% |
| 2025-12-18 | 28.43% |
| 2025-12-17 | 28.44% |
| 2025-12-16 | 28.43% |
| 2025-12-15 | 28.43% |
| 2025-12-12 | 28.43% |
| 2025-12-11 | 33.36% |
| 2025-12-10 | 25.20% |
| 2025-12-09 | 25.20% |
| 2025-12-08 | 25.19% |
| 2025-12-05 | 25.20% |
| 2025-12-04 | 25.19% |
| 2025-12-03 | 25.19% |
| 2025-12-02 | 25.20% |
| 2025-12-01 | 25.20% |
| 2025-11-28 | 25.20% |
| 2025-11-26 | 25.20% |
| 2025-11-25 | 25.20% |
| 2025-11-24 | 25.19% |
| 2025-11-21 | 25.20% |
| 2025-11-20 | 25.20% |
| 2025-11-19 | 25.20% |
| 2025-11-18 | 25.19% |
| 2025-11-17 | 25.19% |
| 2025-11-14 | 25.20% |
| 2025-11-13 | 25.19% |
| 2025-11-12 | 25.20% |
| 2025-11-11 | 25.19% |
| 2025-11-10 | 25.19% |
| 2025-11-07 | 25.19% |
| 2025-11-06 | 25.20% |
| 2025-11-05 | 25.20% |
| 2025-11-04 | 25.20% |
| 2025-11-03 | 25.20% |
| 2025-10-31 | 25.19% |
| 2025-10-30 | 25.20% |
| 2025-10-29 | 25.19% |
| 2025-10-28 | 25.20% |
| 2025-10-27 | 25.20% |
| 2025-10-24 | 25.19% |
| 2025-10-23 | 25.20% |
| 2025-10-22 | 25.20% |
| 2025-10-21 | 25.20% |
| 2025-10-20 | 25.19% |
| 2025-10-17 | 25.20% |
| 2025-10-16 | 25.19% |
| 2025-10-15 | 28.03% |
| 2025-10-14 | 28.03% |
| 2025-10-13 | 28.03% |
| 2025-10-10 | 28.03% |
| 2025-10-09 | 28.03% |
| 2025-10-08 | 28.03% |
| 2025-10-07 | 28.03% |
| 2025-10-06 | 28.03% |
| 2025-10-03 | 28.03% |
| 2025-10-02 | 28.03% |
| 2025-10-01 | 28.02% |
| 2025-09-30 | 28.03% |
| 2025-09-29 | 28.02% |
| 2025-09-26 | 28.03% |
| 2025-09-25 | 28.03% |
| 2025-09-24 | 28.03% |
| 2025-09-23 | 28.03% |
| 2025-09-22 | 28.03% |
| 2025-09-19 | 28.03% |
| 2025-09-18 | 28.03% |
| 2025-09-17 | 28.03% |
| 2025-09-16 | 28.03% |
| 2025-09-15 | 18.64% |
| 2025-09-12 | 18.64% |
| 2025-09-11 | 24.28% |
| 2025-09-10 | 24.28% |
| 2025-09-09 | 24.28% |
| 2025-09-08 | 24.28% |
| 2025-09-05 | 24.28% |
| 2025-09-04 | 24.28% |
| 2025-09-03 | 24.28% |
| 2025-09-02 | 24.27% |
| 2025-08-29 | 24.28% |
| 2025-08-28 | 24.28% |
| 2025-08-27 | 24.28% |
| 2025-08-26 | 24.28% |
| 2025-08-25 | 24.28% |
Showing the most recent 260 of 2,637 data points. The chart above shows the full history.
| $1.36 |
| 40.2% |
| 2019-12-31 | $2.20 | $1.60 | 73.0% |
| 2018-12-31 | $2.26 | $1.04 | 45.8% |
| 2017-12-31 | $2.20 | $0.92 | 41.8% |
| 2016-12-31 | $1.99 | $0.94 | 47.2% |
| 2015-12-31 | $1.86 | $0.72 | 38.9% |
| 2014-12-31 | $1.63 | $0.50 | 30.7% |
| 2013-12-31 | $1.19 | $0.50 | 42.0% |
| 2012-12-31 | $1.10 | $0.50 | 45.3% |
| 2011-12-31 | $0.87 | $0.52 | 59.4% |
| 2010-12-31 | $0.99 | $0.47 | 47.0% |
| 2009-12-31 | $0.52 | $0.46 | 87.3% |
| 2008-12-31 | $0.60 | $0.49 | 81.0% |
| 2007-12-31 | $0.62 | $0.46 | 73.6% |
| 2006-12-31 | $0.74 | $0.38 | 51.7% |
| 2005-12-31 | $0.57 | $0.31 | 54.7% |
| 2004-12-31 | $0.53 | $0.09 | 16.9% |
