Reported quarterly values; no daily interpolation.
-0.3pp over 10Y
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Annual Dividend History(ex-date basis)
Year
Dividend/Share
YoY Growth
2026(YTD)
$4.26
Not comparable
2025
$5.50
+4.56%
2024
$5.26
+4.78%
2023
$5.02
+7.04%
2022
$4.69
+11.40%
2021
$4.21
+13.17%
2020
$3.72
+15.89%
2019
$3.21
+22.05%
Dividend Yield Metrics
Current Yield
2.19%
Average Yield (TTM)
2.56%
Average Yield (3Y)
2.93%
Forward Yield on Cost (3Y)
2.68%
Forward Yield on Cost (5Y)
3.06%
Forward Yield on Cost (10Y)
4.28%
Payout Ratio Analysis
Payout Ratio (Current)
86.32%
FCF Payout Ratio
96.42%
Payout Ratio (3Y Avg)
90.57%
Payout Ratio (5Y Avg)
74.25%
FCF Payout (3Y Avg)
283.40%
FCF Payout (5Y Avg)
196.89%
An FCF payout above 100% means dividends exceeded the period's free cash flow, often because of temporarily depressed FCF (one-off capex or working-capital swings) rather than an unfunded dividend. Compare against the earnings payout ratio and the multi-year trend before drawing a conclusion.
Dividend Coverage
Payout Ratio
86.3%
Dividends / net income
FCF Payout Ratio
96.4%
Dividends / free cash flow
Consecutive Years
22 years
Consecutive years of dividend increases
5Y Dividend Growth
8.1%
Compound annual dividend growth
This step chart displays the nominal dividend payouts over time by ex-dividend date (the date you must own the stock by to receive each payment), matching the distribution frequency.
