Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the FCF payout ratio high or low?
The FCF payout ratio of 28.74% is 11% above its 5-year average of 26.00%, near the low end of its 5-year range (14.69%–859.45%).
As of the fiscal period ended Saturday, May 30, 2026. 23.12% above its 12-month average of 23.35%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
28.74%
FCF PAYOUT RATIO AVG TTM
23.35%
FCF PAYOUT RATIO AVG 3Y
22.69%
FCF PAYOUT RATIO AVG 5Y
26.00%
FCF PAYOUT RATIO AVG 10Y
13.97%
FCF PAYOUT RATIO AVG 15Y
8.32%
FCF PAYOUT RATIO AVG 20Y
7.63%
CURRENT VS TTM AVG
+23.12%
CURRENT VS 3Y AVG
+26.66%
CURRENT VS 5Y AVG
+10.57%
CURRENT VS 10Y AVG
+105.78%
CURRENT VS 15Y AVG
+245.46%
CURRENT VS 20Y AVG
+276.69%
FCF Payout Ratio TTM
28.7%
Earnings Payout Ratio
17.4%
Dividend Yield
0.51%
FCF Yield
1.67%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $141.36M | $24.63M | 17.4% |
| 2024 | $134.85M | $23.34M | 17.3% |
| 2023 | $43.77M | $22.10M | 50.5% |
| 2022 | ($21.67M) | $20.79M | N/A (Loss) |
| 2021 | $78.66M | $18.15M | 23.1% |
| 2020 | $169.97M | $15.70M | 9.2% |
| 2019 | $162.33M | $8.26M | 5.1% |
| 2018 | $117.33M | $4.22M | 3.6% |
| 2017 | $109.72M | $2.90M | 2.6% |
| 2016 | $109.40M | $2.88M | 2.6% |
| 2015 | $125.75M | $2.87M | 2.3% |
| 2014 | $102.81M | $2.86M | 2.8% |
| 2013 | $108.05M | $2.85M | 2.6% |
| 2012 | $87.17M | $2.84M | 3.3% |
| 2011 | $22.35M | $2.83M | 12.7% |
| 2010 | $83.96M | $2.78M | 3.3% |
| 2009 | $93.87M | $2.75M | 2.9% |
| 2008 | $45.67M | $2.75M | 6.0% |
| 2007 | $30.84M | $2.74M | 8.9% |
| 2006 | $11.13M | $2.64M | 23.7% |
| 2005 | $18.86M | $2.59M | 13.7% |
| 2004 | $75.19M | $2.58M | 3.4% |
| 2003 | $22.89M | $2.57M | 11.2% |
| 2002 | $19.39M | $2.58M | 13.3% |
| 2001 | $42.02M | $2.59M | 6.2% |
| 2000 | $10.92M | $2.64M | 24.2% |
| 1999 | ($42.00M) | $2.60M | N/A (Loss) |
| 1998 | $1.20M | $2.20M | 183.3% |
| 1997 | $8.40M | $2.20M | 26.2% |
| 1996 | $14.30M | $2.00M | 14.0% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-05-30 | 28.74% |
| 2026-02-28 | 27.61% |
| 2025-11-29 | 26.80% |
| 2025-08-30 | 17.42% |
| 2025-05-31 | 16.16% |
| 2025-03-01 | 14.69% |
| 2024-11-30 | 15.49% |
| 2024-08-31 | 17.31% |
| 2024-05-25 | 23.94% |
| 2024-02-24 | 25.67% |
| 2023-11-25 | 35.80% |
| 2023-08-31 | 50.49% |
| 2023-05-27 | 399.03% |
| 2022-02-26 | 859.45% |
| 2021-11-27 | 40.74% |
| 2021-08-31 | 23.07% |
| 2021-05-29 | 12.38% |
| 2021-02-27 | 11.60% |
| 2020-11-28 | 11.55% |
| 2020-08-31 | 9.24% |
| 2020-05-30 | 7.99% |
| 2020-02-29 | 6.69% |
| 2019-11-30 | 4.66% |
| 2019-08-31 | 5.09% |
| 2019-05-25 | 5.49% |
| 2019-02-23 | 5.25% |
| 2018-11-24 | 5.69% |
| 2018-08-31 | 3.60% |
| 2018-05-26 | 2.57% |
| 2018-02-24 | 2.89% |
| 2017-11-25 | 3.12% |
| 2017-08-31 | 2.64% |
| 2017-05-27 | 3.02% |
| 2017-02-25 | 2.41% |
| 2016-11-26 | 2.44% |
| 2016-08-31 | 2.63% |
| 2016-05-28 | 2.07% |
| 2016-02-27 | 2.28% |
| 2015-11-28 | 2.26% |
| 2015-08-31 | 2.28% |
| 2015-05-30 | 2.37% |
| 2015-02-28 | 2.89% |
| 2014-11-29 | 3.10% |
| 2014-08-31 | 2.78% |
| 2014-05-31 | 2.66% |
| 2014-03-01 | 2.17% |
| 2013-11-30 | 2.32% |
| 2013-08-31 | 2.64% |
| 2013-05-25 | 2.90% |
| 2013-02-23 | 2.77% |
| 2012-11-24 | 2.80% |
| 2012-08-31 | 3.26% |
| 2012-05-26 | 4.48% |
| 2012-02-25 | 6.02% |
| 2011-11-26 | 11.74% |
| 2011-08-31 | 12.66% |
| 2011-05-28 | 10.10% |
| 2011-02-26 | 5.84% |
| 2010-11-27 | 4.16% |
| 2010-08-31 | 3.31% |
| 2010-05-29 | 2.70% |
| 2010-02-27 | 2.51% |
| 2009-11-28 | 2.29% |
| 2009-08-31 | 2.93% |
| 2009-05-30 | 4.14% |
| 2009-02-28 | 6.50% |
| 2008-11-29 | 6.73% |
| 2008-08-31 | 6.02% |
| 2008-05-31 | 6.01% |
| 2008-03-01 | 6.61% |
| 2007-11-24 | 8.34% |
| 2007-08-31 | 8.89% |
| 2007-05-27 | 12.59% |
| 2007-02-24 | 9.95% |
| 2006-11-25 | 25.21% |
| 2006-08-31 | 23.70% |
| 2006-05-27 | 10.10% |
| 2006-02-25 | 32.94% |
| 2005-11-26 | 13.44% |
| 2005-08-31 | 13.74% |
| 2005-05-28 | 10.01% |
| 2005-02-26 | 4.65% |
| 2004-11-27 | 3.84% |
| 2004-08-31 | 3.43% |
| 2004-05-29 | 4.48% |
| 2004-02-28 | 6.71% |
| 2003-11-29 | 9.22% |
| 2003-08-31 | 11.24% |
| 2003-05-31 | 9.58% |
