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 106.12% is 36% above its 5-year average of 78.31%, near the high end of its 5-year range (31.17%–132.70%).
As of Sunday, July 26, 2026. 5.26% above its 12-month average of 100.82%.
Dividend Payout Ratio (106.12%) = TTM Dividends/Share ($6.56) / TTM EPS ($6.18)
DIVIDEND PAYOUT RATIO
106.12%
DIVIDEND PAYOUT RATIO AVG TTM
100.82%
DIVIDEND PAYOUT RATIO AVG 3Y
99.73%
DIVIDEND PAYOUT RATIO AVG 5Y
78.31%
DIVIDEND PAYOUT RATIO AVG 10Y
74.44%
DIVIDEND PAYOUT RATIO AVG 15Y
70.93%
DIVIDEND PAYOUT RATIO AVG 20Y
68.99%
CURRENT VS TTM AVG
+5.26%
CURRENT VS 3Y AVG
+6.41%
CURRENT VS 5Y AVG
+35.52%
CURRENT VS 10Y AVG
+42.56%
CURRENT VS 15Y AVG
+49.62%
CURRENT VS 20Y AVG
+53.82%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $6.56 | $6.56 | 100.0% |
| 2024 | $6.76 | $6.52 | 96.4% |
| 2023 | $7.81 | $6.48 | 83.0% |
| 2022 | $13.26 | $6.08 | 45.9% |
| 2021 | $14.75 | $4.08 | 27.7% |
| 2020 | $1.55 | $4.04 |
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 | 106.12% |
| 2026-07-23 | 106.13% |
| 2026-07-22 | 106.12% |
| 2026-07-21 | 106.18% |
| 2026-07-20 | 106.15% |
| 2026-07-17 | 106.16% |
| 2026-07-16 | 106.14% |
| 2026-07-15 | 106.18% |
| 2026-07-14 | 106.13% |
| 2026-07-13 | 106.17% |
| 2026-07-10 | 106.15% |
| 2026-07-09 | 106.15% |
| 2026-07-08 | 106.15% |
| 2026-07-07 | 106.17% |
| 2026-07-06 | 106.13% |
| 2026-07-02 | 106.17% |
| 2026-07-01 | 106.12% |
| 2026-06-30 | 106.12% |
| 2026-06-29 | 106.16% |
| 2026-06-26 | 106.16% |
| 2026-06-25 | 106.16% |
| 2026-06-24 | 106.12% |
| 2026-06-23 | 106.12% |
| 2026-06-22 | 106.13% |
| 2026-06-18 | 106.16% |
| 2026-06-17 | 106.14% |
| 2026-06-16 | 106.13% |
| 2026-06-15 | 106.15% |
| 2026-06-12 | 106.14% |
| 2026-06-11 | 106.14% |
| 2026-06-10 | 106.16% |
| 2026-06-09 | 106.12% |
| 2026-06-08 | 106.17% |
| 2026-06-05 | 106.13% |
| 2026-06-04 | 106.12% |
| 2026-06-03 | 106.12% |
| 2026-06-02 | 106.17% |
| 2026-06-01 | 106.14% |
| 2026-05-29 | 106.13% |
| 2026-05-28 | 106.15% |
| 2026-05-27 | 106.12% |
| 2026-05-26 | 106.15% |
| 2026-05-22 | 106.17% |
| 2026-05-21 | 106.16% |
| 2026-05-20 | 106.16% |
| 2026-05-19 | 106.16% |
| 2026-05-18 | 132.70% |
| 2026-05-15 | 106.16% |
| 2026-05-14 | 106.18% |
| 2026-05-13 | 106.15% |
| 2026-05-12 | 106.16% |
| 2026-05-11 | 106.14% |
| 2026-05-08 | 106.17% |
| 2026-05-07 | 106.17% |
| 2026-05-06 | 106.13% |
| 2026-05-05 | 100.00% |
| 2026-05-04 | 99.99% |
| 2026-05-01 | 100.01% |
| 2026-04-30 | 100.03% |
| 2026-04-29 | 99.99% |
| 2026-04-28 | 99.97% |
| 2026-04-27 | 100.00% |
| 2026-04-24 | 99.98% |
| 2026-04-23 | 100.00% |
| 2026-04-22 | 99.99% |
| 2026-04-21 | 100.03% |
| 2026-04-20 | 100.01% |
| 2026-04-17 | 100.03% |
| 2026-04-16 | 100.03% |
| 2026-04-15 | 100.01% |
| 2026-04-14 | 99.97% |
| 2026-04-13 | 99.99% |
| 2026-04-10 | 99.98% |
| 2026-04-09 | 99.97% |
| 2026-04-08 | 99.98% |
| 2026-04-07 | 99.98% |
| 2026-04-06 | 99.99% |
| 2026-04-02 | 100.02% |
| 2026-04-01 | 100.03% |
| 2026-03-31 | 100.02% |
| 2026-03-30 | 99.97% |
| 2026-03-27 | 99.99% |
| 2026-03-26 | 99.98% |
| 2026-03-25 | 100.03% |
| 2026-03-24 | 100.03% |
| 2026-03-23 | 100.01% |
| 2026-03-20 | 99.98% |
| 2026-03-19 | 100.00% |
| 2026-03-18 | 99.99% |
| 2026-03-17 | 99.97% |
| 2026-03-16 | 100.02% |
| 2026-03-13 | 100.01% |
| 2026-03-12 | 99.98% |
| 2026-03-11 | 100.03% |
| 2026-03-10 | 99.97% |
| 2026-03-09 | 99.97% |
| 2026-03-06 | 99.98% |
| 2026-03-05 | 99.97% |
| 2026-03-04 | 99.97% |
| 2026-03-03 | 100.00% |
| 2026-03-02 | 99.99% |
| 2026-02-27 | 100.02% |
| 2026-02-26 | 100.01% |
| 2026-02-25 | 100.03% |
| 2026-02-24 | 100.02% |
| 2026-02-23 | 99.98% |
| 2026-02-20 | 99.98% |
| 2026-02-19 | 99.98% |
| 2026-02-18 | 99.99% |
| 2026-02-17 | 125.01% |
| 2026-02-13 | 101.23% |
| 2026-02-12 | 101.23% |
| 2026-02-11 | 101.24% |
| 2026-02-10 | 101.25% |
| 2026-02-09 | 101.25% |
| 2026-02-06 | 101.25% |
| 2026-02-05 | 101.26% |
| 2026-02-04 | 101.26% |
| 2026-02-03 | 101.23% |
| 2026-02-02 | 101.25% |
| 2026-01-30 | 101.22% |
| 2026-01-29 | 101.26% |
| 2026-01-28 | 101.22% |
| 2026-01-27 | 101.21% |
| 2026-01-26 | 101.25% |
| 2026-01-23 | 101.21% |
| 2026-01-22 | 101.25% |
| 2026-01-21 | 101.23% |
| 2026-01-20 | 101.23% |
| 2026-01-16 | 101.24% |
| 2026-01-15 | 101.22% |
| 2026-01-14 | 101.21% |
| 2026-01-13 | 101.25% |
| 2026-01-12 | 101.23% |
| 2026-01-09 | 101.26% |
| 2026-01-08 | 101.25% |
| 2026-01-07 | 101.25% |
| 2026-01-06 | 101.25% |
| 2026-01-05 | 101.23% |
| 2026-01-02 | 101.24% |
| 2025-12-31 | 101.25% |
| 2025-12-30 | 101.26% |
| 2025-12-29 | 101.22% |
| 2025-12-26 | 101.26% |
| 2025-12-24 | 101.21% |
| 2025-12-23 | 101.23% |
| 2025-12-22 | 101.20% |
| 2025-12-19 | 101.24% |
| 2025-12-18 | 101.21% |
| 2025-12-17 | 101.23% |
| 2025-12-16 | 101.24% |
| 2025-12-15 | 101.22% |
| 2025-12-12 | 101.21% |
| 2025-12-11 | 101.26% |
| 2025-12-10 | 101.26% |
| 2025-12-09 | 101.20% |
| 2025-12-08 | 101.27% |
| 2025-12-05 | 101.23% |
| 2025-12-04 | 101.21% |
| 2025-12-03 | 101.26% |
| 2025-12-02 | 101.23% |
| 2025-12-01 | 101.20% |
| 2025-11-28 | 101.22% |
| 2025-11-26 | 101.21% |
| 2025-11-25 | 101.24% |
| 2025-11-24 | 101.25% |
| 2025-11-21 | 101.25% |
| 2025-11-20 | 101.21% |
| 2025-11-19 | 101.23% |
| 2025-11-18 | 101.27% |
| 2025-11-17 | 126.43% |
| 2025-11-14 | 101.07% |
| 2025-11-13 | 101.08% |
| 2025-11-12 | 101.06% |
| 2025-11-11 | 101.11% |
| 2025-11-10 | 101.07% |
| 2025-11-07 | 101.10% |
| 2025-11-06 | 101.05% |
| 2025-11-05 | 101.09% |
| 2025-11-04 | 97.35% |
| 2025-11-03 | 97.32% |
| 2025-10-31 | 97.35% |
| 2025-10-30 | 97.29% |
| 2025-10-29 | 97.31% |
| 2025-10-28 | 97.34% |
| 2025-10-27 | 97.35% |
| 2025-10-24 | 97.33% |
| 2025-10-23 | 97.31% |
| 2025-10-22 | 97.33% |
| 2025-10-21 | 97.29% |
| 2025-10-20 | 97.30% |
| 2025-10-17 | 97.33% |
| 2025-10-16 | 97.36% |
| 2025-10-15 | 97.29% |
| 2025-10-14 | 97.33% |
| 2025-10-13 | 97.33% |
| 2025-10-10 | 97.30% |
| 2025-10-09 | 97.31% |
| 2025-10-08 | 97.36% |
| 2025-10-07 | 97.36% |
| 2025-10-06 | 97.32% |
| 2025-10-03 | 97.29% |
| 2025-10-02 | 97.29% |
| 2025-10-01 | 97.34% |
| 2025-09-30 | 97.31% |
| 2025-09-29 | 97.36% |
| 2025-09-26 | 97.33% |
| 2025-09-25 | 97.32% |
| 2025-09-24 | 97.35% |
| 2025-09-23 | 97.31% |
| 2025-09-22 | 97.36% |
| 2025-09-19 | 97.32% |
| 2025-09-18 | 97.35% |
| 2025-09-17 | 97.34% |
| 2025-09-16 | 97.33% |
| 2025-09-15 | 97.29% |
| 2025-09-12 | 97.30% |
| 2025-09-11 | 97.34% |
| 2025-09-10 | 97.33% |
| 2025-09-09 | 97.32% |
| 2025-09-08 | 97.33% |
| 2025-09-05 | 97.36% |
| 2025-09-04 | 97.30% |
| 2025-09-03 | 97.30% |
| 2025-09-02 | 97.29% |
| 2025-08-29 | 97.31% |
| 2025-08-28 | 97.35% |
| 2025-08-27 | 97.29% |
| 2025-08-26 | 97.36% |
| 2025-08-25 | 97.35% |
| 2025-08-22 | 97.34% |
| 2025-08-21 | 97.32% |
| 2025-08-20 | 97.34% |
| 2025-08-19 | 97.35% |
| 2025-08-18 | 121.50% |
| 2025-08-15 | 97.20% |
| 2025-08-14 | 97.20% |
| 2025-08-13 | 97.16% |
| 2025-08-12 | 97.17% |
| 2025-08-11 | 97.14% |
| 2025-08-08 | 97.19% |
| 2025-08-07 | 97.17% |
| 2025-08-06 | 97.21% |
| 2025-08-05 | 95.33% |
| 2025-08-04 | 95.31% |
| 2025-08-01 | 95.35% |
| 2025-07-31 | 95.34% |
| 2025-07-30 | 95.35% |
| 2025-07-29 | 95.32% |
| 2025-07-28 | 95.35% |
| 2025-07-25 | 95.36% |
| 2025-07-24 | 95.36% |
| 2025-07-23 | 95.32% |
| 2025-07-22 | 95.31% |
| 2025-07-21 | 95.36% |
| 2025-07-18 | 95.31% |
| 2025-07-17 | 95.31% |
| 2025-07-16 | 95.31% |
| 2025-07-15 | 95.34% |
| 2025-07-14 | 95.30% |
Showing the most recent 260 of 2,614 data points. The chart above shows the full history.
| 260.6% |
| 2019 | $5.14 | $3.84 | 74.7% |
| 2018 | $5.53 | $3.64 | 65.8% |
| 2017 | $5.63 | $3.32 | 59.0% |
| 2016 | $3.89 | $3.12 | 80.2% |
| 2015 | $5.38 | $2.92 | 54.3% |
| 2014 | $3.31 | $2.68 | 81.0% |
| 2013 | $4.65 | $2.48 | 53.3% |
| 2012 | $0.84 | $2.28 | 271.4% |
| 2011 | $3.88 | $2.08 | 53.6% |
| 2010 | $3.51 | $1.88 | 53.6% |
| 2009 | $2.16 | $1.80 | 83.3% |
| 2008 | $2.96 | $1.80 | 60.8% |
| 2007 | $0.36 | $1.68 | 466.7% |
| 2006 | $3.87 | $1.52 | 39.3% |
| 2005 | $3.48 | $1.32 | 37.9% |
| 2004 | $2.95 | $1.12 | 38.0% |
| 2003 | $2.57 | $0.92 | 35.8% |
| 2002 | $2.84 | $0.76 | 26.8% |
| 2001 | $2.13 | $0.76 | 35.7% |
| 2000 | $2.54 | $0.68 | 26.8% |
| 1999 | $0.79 | $0.30 | 38.0% |
| 1998 | $1.59 | $0.00 | 0.0% |
