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 41.61% is 14% below its 5-year average of 48.25%, near the low end of its 5-year range (34.50%–73.76%).
As of Tuesday, July 28, 2026. 9.18% below its 12-month average of 45.81%.
Dividend Payout Ratio (41.61%) = TTM Dividends/Share ($2.08) / TTM EPS ($5.00)
DIVIDEND PAYOUT RATIO
41.61%
DIVIDEND PAYOUT RATIO AVG TTM
45.81%
DIVIDEND PAYOUT RATIO AVG 3Y
51.59%
DIVIDEND PAYOUT RATIO AVG 5Y
48.22%
DIVIDEND PAYOUT RATIO AVG 10Y
43.52%
DIVIDEND PAYOUT RATIO AVG 15Y
38.67%
DIVIDEND PAYOUT RATIO AVG 20Y
40.37%
CURRENT VS TTM AVG
-9.18%
CURRENT VS 3Y AVG
-19.36%
CURRENT VS 5Y AVG
-13.71%
CURRENT VS 10Y AVG
-4.40%
CURRENT VS 15Y AVG
+7.58%
CURRENT VS 20Y AVG
+3.07%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $4.62 | $2.04 | 44.2% |
| 2024 | $3.79 | $1.98 | 52.2% |
| 2023 | $3.27 | $1.93 | 59.0% |
| 2022 | $3.69 | $1.88 | 50.9% |
| 2021 | $5.11 | $1.76 | 34.4% |
| 2020 | $3.06 | $1.68 |
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 |
|---|---|
| 2026-07-27 | 41.61% |
| 2026-07-24 | 41.59% |
| 2026-07-23 | 41.61% |
| 2026-07-22 | 41.59% |
| 2026-07-21 | 41.59% |
| 2026-07-20 | 41.61% |
| 2026-07-17 | 41.61% |
| 2026-07-16 | 41.59% |
| 2026-07-15 | 43.71% |
| 2026-07-14 | 43.68% |
| 2026-07-13 | 43.71% |
| 2026-07-10 | 43.69% |
| 2026-07-09 | 43.68% |
| 2026-07-08 | 43.71% |
| 2026-07-07 | 43.69% |
| 2026-07-06 | 43.70% |
| 2026-07-02 | 43.70% |
| 2026-07-01 | 43.71% |
| 2026-06-30 | 43.70% |
| 2026-06-29 | 43.26% |
| 2026-06-26 | 43.29% |
| 2026-06-25 | 43.28% |
| 2026-06-24 | 43.28% |
| 2026-06-23 | 43.29% |
| 2026-06-22 | 43.29% |
| 2026-06-18 | 43.26% |
| 2026-06-17 | 43.29% |
| 2026-06-16 | 43.27% |
| 2026-06-15 | 43.27% |
| 2026-06-12 | 43.27% |
| 2026-06-11 | 43.29% |
| 2026-06-10 | 43.26% |
| 2026-06-09 | 43.28% |
| 2026-06-08 | 43.28% |
| 2026-06-05 | 43.28% |
| 2026-06-04 | 43.27% |
| 2026-06-03 | 43.26% |
| 2026-06-02 | 43.28% |
| 2026-06-01 | 43.28% |
| 2026-05-29 | 43.27% |
| 2026-05-28 | 43.28% |
| 2026-05-27 | 43.28% |
| 2026-05-26 | 43.27% |
| 2026-05-22 | 43.28% |
| 2026-05-21 | 43.27% |
| 2026-05-20 | 43.28% |
| 2026-05-19 | 43.29% |
| 2026-05-18 | 43.28% |
| 2026-05-15 | 43.28% |
| 2026-05-14 | 43.27% |
| 2026-05-13 | 43.28% |
| 2026-05-12 | 43.29% |
| 2026-05-11 | 43.29% |
| 2026-05-08 | 43.29% |
| 2026-05-07 | 43.28% |
| 2026-05-06 | 43.28% |
| 2026-05-05 | 43.27% |
| 2026-05-04 | 43.30% |
| 2026-05-01 | 44.68% |
| 2026-04-30 | 44.68% |
| 2026-04-29 | 44.67% |
| 2026-04-28 | 44.67% |
| 2026-04-27 | 44.68% |
| 2026-04-24 | 44.70% |
| 2026-04-23 | 44.67% |
| 2026-04-22 | 44.69% |
| 2026-04-21 | 44.69% |
| 2026-04-20 | 44.67% |
| 2026-04-17 | 44.69% |
| 2026-04-16 | 44.67% |
| 2026-04-15 | 44.69% |
| 2026-04-14 | 44.70% |
| 2026-04-13 | 44.69% |
| 2026-04-10 | 44.67% |
| 2026-04-09 | 44.69% |
| 2026-04-08 | 44.69% |
| 2026-04-07 | 44.69% |
| 2026-04-06 | 44.68% |
| 2026-04-02 | 44.70% |
| 2026-04-01 | 44.68% |
| 2026-03-31 | 44.68% |
| 2026-03-30 | 44.26% |
| 2026-03-27 | 44.25% |
| 2026-03-26 | 44.25% |
| 2026-03-25 | 44.27% |
| 2026-03-24 | 44.25% |
| 2026-03-23 | 44.27% |
| 2026-03-20 | 44.26% |
| 2026-03-19 | 44.26% |
| 2026-03-18 | 44.24% |
| 2026-03-17 | 44.26% |
| 2026-03-16 | 44.26% |
| 2026-03-13 | 44.24% |
| 2026-03-12 | 44.26% |
| 2026-03-11 | 44.25% |
| 2026-03-10 | 44.26% |
| 2026-03-09 | 44.26% |
| 2026-03-06 | 44.25% |
| 2026-03-05 | 44.24% |
| 2026-03-04 | 44.26% |
| 2026-03-03 | 44.25% |
| 2026-03-02 | 44.25% |
| 2026-02-27 | 44.26% |
| 2026-02-26 | 44.25% |
| 2026-02-25 | 44.26% |
| 2026-02-24 | 44.26% |
| 2026-02-23 | 44.27% |
| 2026-02-20 | 46.77% |
| 2026-02-19 | 46.80% |
| 2026-02-18 | 46.80% |
| 2026-02-17 | 46.78% |
| 2026-02-13 | 46.78% |
| 2026-02-12 | 46.78% |
| 2026-02-11 | 46.78% |
| 2026-02-10 | 46.80% |
| 2026-02-09 | 46.78% |
| 2026-02-06 | 46.79% |
| 2026-02-05 | 46.80% |
| 2026-02-04 | 46.79% |
| 2026-02-03 | 46.79% |
| 2026-02-02 | 46.80% |
| 2026-01-30 | 46.79% |
| 2026-01-29 | 46.79% |
| 2026-01-28 | 46.77% |
| 2026-01-27 | 46.80% |
| 2026-01-26 | 46.81% |
| 2026-01-23 | 46.78% |
| 2026-01-22 | 46.81% |
| 2026-01-21 | 46.78% |
| 2026-01-20 | 46.78% |
| 2026-01-16 | 46.80% |
| 2026-01-15 | 46.77% |
| 2026-01-14 | 46.79% |
| 2026-01-13 | 46.80% |
| 2026-01-12 | 46.77% |
| 2026-01-09 | 46.78% |
| 2026-01-08 | 46.80% |
| 2026-01-07 | 46.77% |
| 2026-01-06 | 46.78% |
| 2026-01-05 | 46.80% |
| 2026-01-02 | 46.79% |
| 2025-12-31 | 46.79% |
| 2025-12-30 | 46.34% |
| 2025-12-29 | 46.33% |
| 2025-12-26 | 46.32% |
| 2025-12-24 | 46.33% |
| 2025-12-23 | 46.34% |
| 2025-12-22 | 46.31% |
| 2025-12-19 | 46.32% |
| 2025-12-18 | 46.35% |
| 2025-12-17 | 46.35% |
| 2025-12-16 | 46.32% |
| 2025-12-15 | 46.33% |
| 2025-12-12 | 46.32% |
| 2025-12-11 | 46.33% |
| 2025-12-10 | 46.31% |
| 2025-12-09 | 46.34% |
| 2025-12-08 | 46.33% |
| 2025-12-05 | 46.34% |
| 2025-12-04 | 46.32% |
| 2025-12-03 | 46.33% |
| 2025-12-02 | 46.31% |
| 2025-12-01 | 46.32% |
| 2025-11-28 | 46.33% |
| 2025-11-26 | 46.34% |
| 2025-11-25 | 46.34% |
| 2025-11-24 | 46.32% |
| 2025-11-21 | 46.34% |
| 2025-11-20 | 46.32% |
| 2025-11-19 | 46.31% |
| 2025-11-18 | 46.32% |
| 2025-11-17 | 46.34% |
| 2025-11-14 | 46.32% |
| 2025-11-13 | 46.33% |
| 2025-11-12 | 46.31% |
| 2025-11-11 | 46.32% |
| 2025-11-10 | 46.32% |
| 2025-11-07 | 46.32% |
| 2025-11-06 | 46.35% |
| 2025-11-05 | 46.33% |
| 2025-11-04 | 46.33% |
| 2025-11-03 | 48.31% |
| 2025-10-31 | 48.34% |
| 2025-10-30 | 48.34% |
| 2025-10-29 | 48.33% |
| 2025-10-28 | 48.33% |
| 2025-10-27 | 48.34% |
| 2025-10-24 | 48.34% |
| 2025-10-23 | 48.32% |
| 2025-10-22 | 48.31% |
| 2025-10-21 | 48.33% |
| 2025-10-20 | 48.33% |
| 2025-10-17 | 48.32% |
| 2025-10-16 | 48.32% |
| 2025-10-15 | 48.31% |
| 2025-10-14 | 48.34% |
| 2025-10-13 | 48.31% |
| 2025-10-10 | 48.31% |
| 2025-10-09 | 48.33% |
| 2025-10-08 | 48.32% |
| 2025-10-07 | 48.31% |
| 2025-10-06 | 48.34% |
| 2025-10-03 | 48.33% |
| 2025-10-02 | 48.32% |
| 2025-10-01 | 48.31% |
| 2025-09-30 | 48.32% |
| 2025-09-29 | 47.85% |
| 2025-09-26 | 47.86% |
| 2025-09-25 | 47.85% |
| 2025-09-24 | 47.86% |
| 2025-09-23 | 47.86% |
| 2025-09-22 | 47.85% |
| 2025-09-19 | 47.85% |
| 2025-09-18 | 47.84% |
| 2025-09-17 | 47.85% |
| 2025-09-16 | 47.86% |
| 2025-09-15 | 47.84% |
| 2025-09-12 | 47.83% |
| 2025-09-11 | 47.85% |
| 2025-09-10 | 47.85% |
| 2025-09-09 | 47.84% |
| 2025-09-08 | 47.85% |
| 2025-09-05 | 47.83% |
| 2025-09-04 | 47.83% |
| 2025-09-03 | 47.84% |
| 2025-09-02 | 47.86% |
| 2025-08-29 | 47.84% |
| 2025-08-28 | 47.83% |
| 2025-08-27 | 47.87% |
| 2025-08-26 | 47.85% |
| 2025-08-25 | 47.84% |
| 2025-08-22 | 47.85% |
| 2025-08-21 | 47.87% |
| 2025-08-20 | 47.83% |
| 2025-08-19 | 47.87% |
| 2025-08-18 | 47.84% |
| 2025-08-15 | 47.86% |
| 2025-08-14 | 47.83% |
| 2025-08-13 | 47.84% |
| 2025-08-12 | 47.85% |
| 2025-08-11 | 47.85% |
| 2025-08-08 | 47.84% |
| 2025-08-07 | 47.86% |
| 2025-08-06 | 49.50% |
| 2025-08-05 | 49.51% |
| 2025-08-04 | 49.53% |
| 2025-08-01 | 49.52% |
| 2025-07-31 | 49.51% |
| 2025-07-30 | 49.52% |
| 2025-07-29 | 49.51% |
| 2025-07-28 | 49.51% |
| 2025-07-25 | 49.53% |
| 2025-07-24 | 49.50% |
| 2025-07-23 | 49.51% |
| 2025-07-22 | 49.52% |
| 2025-07-21 | 49.50% |
| 2025-07-18 | 49.51% |
| 2025-07-17 | 49.50% |
| 2025-07-16 | 49.52% |
| 2025-07-15 | 49.51% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 54.9% |
| 2019 | $4.16 | $1.58 | 38.0% |
| 2018 | $4.15 | $1.34 | 32.3% |
| 2017 | $3.53 | $1.16 | 32.9% |
| 2016 | $3.25 | $1.07 | 32.9% |
| 2015 | $3.18 | $1.01 | 31.8% |
| 2014 | $3.10 | $0.96 | 31.1% |
| 2013 | $3.02 | $0.89 | 29.3% |
| 2012 | $2.85 | $0.78 | 27.4% |
| 2011 | $2.47 | $0.50 | 20.2% |
| 2010 | $1.74 | $0.20 | 11.5% |
| 2009 | $0.97 | $0.20 | 20.6% |
| 2008 | $1.62 | $1.70 | 104.9% |
| 2007 | $2.45 | $1.63 | 66.3% |
| 2006 | $2.64 | $1.39 | 52.7% |
| 2005 | $2.45 | $1.23 | 50.2% |
| 2004 | $2.21 | $1.02 | 46.2% |
| 2003 | $1.94 | $0.84 | 43.6% |
| 2002 | $1.65 | $0.78 | 47.3% |
| 2001 | $0.89 | $0.75 | 84.3% |
| 2000 | $1.51 | $0.65 | 43.0% |
| 1999 | $2.07 | $0.46 | 22.3% |
| 1998 | $2.04 | $0.33 | 16.2% |
| 1997 | $1.13 | $0.27 | 23.6% |
| 1996 | $1.25 | $0.21 | 16.7% |
