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 44.69% is in line with its 5-year average of 46.67%, around the middle of its 5-year range (33.29%–62.39%).
As of Sunday, July 26, 2026. 2.80% below its 12-month average of 45.97%.
Dividend Payout Ratio (44.69%) = TTM Dividends/Share ($5.52) / TTM EPS ($12.35)
DIVIDEND PAYOUT RATIO
44.69%
DIVIDEND PAYOUT RATIO AVG TTM
45.97%
DIVIDEND PAYOUT RATIO AVG 3Y
47.38%
DIVIDEND PAYOUT RATIO AVG 5Y
46.67%
DIVIDEND PAYOUT RATIO AVG 10Y
45.91%
DIVIDEND PAYOUT RATIO AVG 15Y
40.35%
DIVIDEND PAYOUT RATIO AVG 20Y
36.50%
CURRENT VS TTM AVG
-2.80%
CURRENT VS 3Y AVG
-5.68%
CURRENT VS 5Y AVG
-4.24%
CURRENT VS 10Y AVG
-2.66%
CURRENT VS 15Y AVG
+10.76%
CURRENT VS 20Y AVG
+22.45%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $12.01 | $5.44 | 45.3% |
| 2024 | $11.10 | $5.28 | 47.6% |
| 2023 | $10.47 | $5.20 | 49.7% |
| 2022 | $11.24 | $5.08 | 45.2% |
| 2021 | $9.98 | $4.29 | 43.0% |
| 2020 | $7.90 | $3.88 |
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 | 44.69% |
| 2026-07-23 | 44.69% |
| 2026-07-22 | 45.47% |
| 2026-07-21 | 45.48% |
| 2026-07-20 | 45.46% |
| 2026-07-17 | 45.48% |
| 2026-07-16 | 45.46% |
| 2026-07-15 | 45.46% |
| 2026-07-14 | 45.47% |
| 2026-07-13 | 45.48% |
| 2026-07-10 | 45.47% |
| 2026-07-09 | 45.47% |
| 2026-07-08 | 45.47% |
| 2026-07-07 | 45.47% |
| 2026-07-06 | 45.47% |
| 2026-07-02 | 45.47% |
| 2026-07-01 | 45.47% |
| 2026-06-30 | 45.48% |
| 2026-06-29 | 45.46% |
| 2026-06-26 | 45.46% |
| 2026-06-25 | 45.46% |
| 2026-06-24 | 45.46% |
| 2026-06-23 | 45.46% |
| 2026-06-22 | 45.47% |
| 2026-06-18 | 45.47% |
| 2026-06-17 | 45.48% |
| 2026-06-16 | 45.47% |
| 2026-06-15 | 45.47% |
| 2026-06-12 | 45.46% |
| 2026-06-11 | 45.47% |
| 2026-06-10 | 45.48% |
| 2026-06-09 | 45.48% |
| 2026-06-08 | 45.47% |
| 2026-06-05 | 45.47% |
| 2026-06-04 | 45.47% |
| 2026-06-03 | 45.46% |
| 2026-06-02 | 45.46% |
| 2026-06-01 | 45.48% |
| 2026-05-29 | 56.50% |
| 2026-05-28 | 45.13% |
| 2026-05-27 | 45.13% |
| 2026-05-26 | 45.14% |
| 2026-05-22 | 45.14% |
| 2026-05-21 | 45.13% |
| 2026-05-20 | 45.13% |
| 2026-05-19 | 45.14% |
| 2026-05-18 | 45.13% |
| 2026-05-15 | 45.15% |
| 2026-05-14 | 45.15% |
| 2026-05-13 | 45.14% |
| 2026-05-12 | 45.14% |
| 2026-05-11 | 45.13% |
| 2026-05-08 | 45.14% |
| 2026-05-07 | 45.14% |
| 2026-05-06 | 45.13% |
| 2026-05-05 | 45.15% |
| 2026-05-04 | 45.14% |
| 2026-05-01 | 45.15% |
| 2026-04-30 | 45.14% |
| 2026-04-29 | 45.14% |
| 2026-04-28 | 45.13% |
| 2026-04-27 | 45.15% |
| 2026-04-24 | 45.13% |
| 2026-04-23 | 45.13% |
| 2026-04-22 | 45.77% |
| 2026-04-21 | 45.78% |
| 2026-04-20 | 45.79% |
| 2026-04-17 | 45.78% |
| 2026-04-16 | 45.77% |
| 2026-04-15 | 45.78% |
| 2026-04-14 | 45.77% |
| 2026-04-13 | 45.76% |
| 2026-04-10 | 45.79% |
| 2026-04-09 | 45.78% |
| 2026-04-08 | 45.78% |
| 2026-04-07 | 45.78% |
| 2026-04-06 | 45.77% |
| 2026-04-02 | 45.77% |
| 2026-04-01 | 45.78% |
| 2026-03-31 | 45.78% |
| 2026-03-30 | 45.77% |
| 2026-03-27 | 45.78% |
| 2026-03-26 | 45.78% |
| 2026-03-25 | 45.78% |
| 2026-03-24 | 45.78% |
| 2026-03-23 | 45.77% |
| 2026-03-20 | 45.77% |
| 2026-03-19 | 45.77% |
| 2026-03-18 | 45.77% |
| 2026-03-17 | 45.77% |
| 2026-03-16 | 45.77% |
| 2026-03-13 | 45.77% |
| 2026-03-12 | 45.78% |
| 2026-03-11 | 45.78% |
| 2026-03-10 | 45.77% |
| 2026-03-09 | 45.77% |
| 2026-03-06 | 45.78% |
| 2026-03-05 | 45.79% |
| 2026-03-04 | 45.78% |
| 2026-03-03 | 45.78% |
| 2026-03-02 | 45.77% |
| 2026-02-27 | 56.96% |
| 2026-02-26 | 45.43% |
| 2026-02-25 | 45.43% |
| 2026-02-24 | 45.43% |
| 2026-02-23 | 45.44% |
| 2026-02-20 | 45.45% |
| 2026-02-19 | 45.45% |
| 2026-02-18 | 45.45% |
| 2026-02-17 | 45.44% |
| 2026-02-13 | 45.45% |
| 2026-02-12 | 45.45% |
| 2026-02-11 | 45.44% |
| 2026-02-10 | 45.45% |
| 2026-02-09 | 45.45% |
| 2026-02-06 | 45.44% |
| 2026-02-05 | 46.21% |
| 2026-02-04 | 46.22% |
| 2026-02-03 | 46.20% |
| 2026-02-02 | 46.21% |
| 2026-01-30 | 46.21% |
| 2026-01-29 | 46.21% |
| 2026-01-28 | 46.20% |
| 2026-01-27 | 46.22% |
| 2026-01-26 | 46.20% |
| 2026-01-23 | 46.22% |
| 2026-01-22 | 46.22% |
| 2026-01-21 | 46.22% |
| 2026-01-20 | 46.21% |
| 2026-01-16 | 46.22% |
| 2026-01-15 | 46.21% |
| 2026-01-14 | 46.22% |
| 2026-01-13 | 46.22% |
| 2026-01-12 | 46.22% |
| 2026-01-09 | 46.22% |
| 2026-01-08 | 46.22% |
| 2026-01-07 | 46.21% |
| 2026-01-06 | 46.22% |
| 2026-01-05 | 46.22% |
| 2026-01-02 | 46.21% |
| 2025-12-31 | 46.21% |
| 2025-12-30 | 46.22% |
| 2025-12-29 | 46.21% |
| 2025-12-26 | 46.21% |
| 2025-12-24 | 46.22% |
| 2025-12-23 | 46.21% |
| 2025-12-22 | 46.21% |
| 2025-12-19 | 46.22% |
| 2025-12-18 | 46.20% |
| 2025-12-17 | 46.21% |
| 2025-12-16 | 46.22% |
| 2025-12-15 | 46.22% |
| 2025-12-12 | 46.20% |
| 2025-12-11 | 46.22% |
| 2025-12-10 | 46.21% |
| 2025-12-09 | 46.21% |
| 2025-12-08 | 57.59% |
| 2025-12-05 | 57.60% |
| 2025-12-04 | 45.88% |
| 2025-12-03 | 45.87% |
| 2025-12-02 | 45.88% |
| 2025-12-01 | 45.86% |
| 2025-11-28 | 45.86% |
| 2025-11-26 | 45.86% |
| 2025-11-25 | 45.86% |
| 2025-11-24 | 45.87% |
| 2025-11-21 | 45.88% |
| 2025-11-20 | 45.87% |
| 2025-11-19 | 45.88% |
| 2025-11-18 | 45.88% |
| 2025-11-17 | 45.86% |
| 2025-11-14 | 45.88% |
| 2025-11-13 | 45.89% |
| 2025-11-12 | 45.87% |
| 2025-11-11 | 45.88% |
| 2025-11-10 | 45.88% |
| 2025-11-07 | 45.89% |
| 2025-11-06 | 45.88% |
| 2025-11-05 | 45.88% |
| 2025-11-04 | 45.88% |
| 2025-11-03 | 45.88% |
| 2025-10-31 | 45.87% |
| 2025-10-30 | 45.87% |
| 2025-10-29 | 45.87% |
| 2025-10-28 | 45.86% |
| 2025-10-27 | 45.88% |
| 2025-10-24 | 45.87% |
| 2025-10-23 | 45.87% |
| 2025-10-22 | 46.92% |
| 2025-10-21 | 46.91% |
| 2025-10-20 | 46.92% |
| 2025-10-17 | 46.92% |
| 2025-10-16 | 46.90% |
| 2025-10-15 | 46.91% |
| 2025-10-14 | 46.92% |
| 2025-10-13 | 46.91% |
| 2025-10-10 | 46.90% |
| 2025-10-09 | 46.90% |
| 2025-10-08 | 46.91% |
| 2025-10-07 | 46.91% |
| 2025-10-06 | 46.90% |
| 2025-10-03 | 46.91% |
| 2025-10-02 | 46.90% |
| 2025-10-01 | 46.91% |
| 2025-09-30 | 46.90% |
| 2025-09-29 | 46.92% |
| 2025-09-26 | 46.91% |
| 2025-09-25 | 46.90% |
| 2025-09-24 | 46.91% |
| 2025-09-23 | 46.90% |
| 2025-09-22 | 46.91% |
| 2025-09-19 | 46.90% |
| 2025-09-18 | 46.90% |
| 2025-09-17 | 46.92% |
| 2025-09-16 | 46.90% |
| 2025-09-15 | 46.92% |
| 2025-09-12 | 46.91% |
| 2025-09-11 | 46.92% |
| 2025-09-10 | 46.90% |
| 2025-09-09 | 46.91% |
| 2025-09-08 | 46.90% |
| 2025-09-05 | 46.91% |
| 2025-09-04 | 46.92% |
| 2025-09-03 | 46.90% |
| 2025-09-02 | 46.90% |
| 2025-08-29 | 58.55% |
| 2025-08-28 | 46.57% |
| 2025-08-27 | 46.55% |
| 2025-08-26 | 46.56% |
| 2025-08-25 | 46.56% |
| 2025-08-22 | 46.55% |
| 2025-08-21 | 46.56% |
| 2025-08-20 | 46.55% |
| 2025-08-19 | 46.56% |
| 2025-08-18 | 46.57% |
| 2025-08-15 | 46.56% |
| 2025-08-14 | 46.55% |
| 2025-08-13 | 46.57% |
| 2025-08-12 | 46.57% |
| 2025-08-11 | 46.56% |
| 2025-08-08 | 46.57% |
| 2025-08-07 | 46.56% |
| 2025-08-06 | 46.57% |
| 2025-08-05 | 46.56% |
| 2025-08-04 | 46.56% |
| 2025-08-01 | 46.56% |
| 2025-07-31 | 46.56% |
| 2025-07-30 | 46.56% |
| 2025-07-29 | 46.56% |
| 2025-07-28 | 46.55% |
| 2025-07-25 | 46.55% |
| 2025-07-24 | 46.57% |
| 2025-07-23 | 48.29% |
| 2025-07-22 | 48.28% |
| 2025-07-21 | 48.27% |
| 2025-07-18 | 48.29% |
| 2025-07-17 | 48.28% |
| 2025-07-16 | 48.27% |
| 2025-07-15 | 48.28% |
| 2025-07-14 | 48.29% |
Showing the most recent 260 of 2,654 data points. The chart above shows the full history.
| 49.1% |
| 2019 | $8.41 | $3.70 | 44.0% |
| 2018 | $7.95 | $3.06 | 38.5% |
| 2017 | $13.42 | $2.48 | 18.5% |
| 2016 | $5.09 | $2.25 | 44.3% |
| 2015 | $5.51 | $2.20 | 39.9% |
| 2014 | $5.77 | $1.91 | 33.1% |
| 2013 | $4.74 | $1.48 | 31.2% |
| 2012 | $4.17 | $1.24 | 29.9% |
| 2011 | $3.39 | $0.97 | 28.5% |
| 2010 | $2.79 | $0.66 | 23.5% |
| 2009 | $1.88 | $0.54 | 28.7% |
| 2008 | $2.29 | $0.49 | 21.4% |
| 2007 | $1.74 | $0.37 | 21.4% |
| 2006 | $1.49 | $0.30 | 20.1% |
| 2005 | $0.97 | $0.30 | 30.9% |
| 2004 | $0.58 | $0.30 | 51.7% |
| 2003 | $1.56 | $0.25 | 15.9% |
| 2002 | $1.33 | $0.21 | 15.6% |
| 2001 | $0.97 | $0.20 | 20.6% |
| 2000 | $0.85 | $0.20 | 23.5% |
| 1999 | $0.82 | $0.20 | 24.4% |
| 1998 | ($0.64) | $0.20 | N/A (Loss) |
| 1997 | $0.44 | $0.43 | 97.7% |
| 1996 | $1.04 | $0.32 | 31.2% |
