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 24.02% is 16% below its 5-year average of 28.58%, near the low end of its 5-year range (17.46%–45.57%).
As of Sunday, July 26, 2026. 2.76% below its 12-month average of 24.70%.
Dividend Payout Ratio (24.02%) = TTM Dividends/Share ($2.02) / TTM EPS ($8.41)
DIVIDEND PAYOUT RATIO
24.02%
DIVIDEND PAYOUT RATIO AVG TTM
24.70%
DIVIDEND PAYOUT RATIO AVG 3Y
26.08%
DIVIDEND PAYOUT RATIO AVG 5Y
28.52%
DIVIDEND PAYOUT RATIO AVG 10Y
28.03%
DIVIDEND PAYOUT RATIO AVG 15Y
28.13%
DIVIDEND PAYOUT RATIO AVG 20Y
29.37%
CURRENT VS TTM AVG
-2.76%
CURRENT VS 3Y AVG
-7.90%
CURRENT VS 5Y AVG
-15.78%
CURRENT VS 10Y AVG
-14.29%
CURRENT VS 15Y AVG
-14.62%
CURRENT VS 20Y AVG
-18.20%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $8.15 | $1.96 | 24.0% |
| 2024 | $6.89 | $1.84 | 26.7% |
| 2023 | $7.02 | $1.72 | 24.5% |
| 2022 | $4.33 | $1.60 | 37.0% |
| 2021 | $5.05 | $1.48 | 29.3% |
| 2020 | $4.41 | $1.36 |
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 | 24.02% |
| 2026-07-23 | 24.02% |
| 2026-07-22 | 24.02% |
| 2026-07-21 | 24.02% |
| 2026-07-20 | 24.02% |
| 2026-07-17 | 24.02% |
| 2026-07-16 | 24.02% |
| 2026-07-15 | 24.02% |
| 2026-07-14 | 24.02% |
| 2026-07-13 | 24.02% |
| 2026-07-10 | 24.02% |
| 2026-07-09 | 24.02% |
| 2026-07-08 | 24.02% |
| 2026-07-07 | 24.02% |
| 2026-07-06 | 24.02% |
| 2026-07-02 | 24.02% |
| 2026-07-01 | 24.02% |
| 2026-06-30 | 24.02% |
| 2026-06-29 | 24.02% |
| 2026-06-26 | 24.02% |
| 2026-06-25 | 24.02% |
| 2026-06-24 | 24.02% |
| 2026-06-23 | 24.02% |
| 2026-06-22 | 24.02% |
| 2026-06-18 | 24.02% |
| 2026-06-17 | 24.02% |
| 2026-06-16 | 24.02% |
| 2026-06-15 | 24.02% |
| 2026-06-12 | 24.02% |
| 2026-06-11 | 24.02% |
| 2026-06-10 | 24.02% |
| 2026-06-09 | 24.02% |
| 2026-06-08 | 24.02% |
| 2026-06-05 | 24.02% |
| 2026-06-04 | 24.02% |
| 2026-06-03 | 24.02% |
| 2026-06-02 | 24.02% |
| 2026-06-01 | 24.02% |
| 2026-05-29 | 24.02% |
| 2026-05-28 | 24.02% |
| 2026-05-27 | 24.02% |
| 2026-05-26 | 24.02% |
| 2026-05-22 | 29.84% |
| 2026-05-21 | 23.66% |
| 2026-05-20 | 23.66% |
| 2026-05-19 | 23.66% |
| 2026-05-18 | 23.66% |
| 2026-05-15 | 23.66% |
| 2026-05-14 | 23.66% |
| 2026-05-13 | 23.66% |
| 2026-05-12 | 23.66% |
| 2026-05-11 | 23.66% |
| 2026-05-08 | 23.67% |
| 2026-05-07 | 23.67% |
| 2026-05-06 | 23.66% |
| 2026-05-05 | 23.66% |
| 2026-05-04 | 23.66% |
| 2026-05-01 | 23.66% |
| 2026-04-30 | 23.66% |
| 2026-04-29 | 23.67% |
| 2026-04-28 | 24.50% |
| 2026-04-27 | 24.51% |
| 2026-04-24 | 24.51% |
| 2026-04-23 | 24.51% |
| 2026-04-22 | 24.51% |
| 2026-04-21 | 24.51% |
| 2026-04-20 | 24.51% |
| 2026-04-17 | 24.50% |
| 2026-04-16 | 24.50% |
| 2026-04-15 | 24.51% |
| 2026-04-14 | 24.51% |
| 2026-04-13 | 24.50% |
| 2026-04-10 | 24.51% |
| 2026-04-09 | 24.51% |
| 2026-04-08 | 24.51% |
| 2026-04-07 | 24.51% |
| 2026-04-06 | 24.50% |
| 2026-04-02 | 24.51% |
| 2026-04-01 | 24.51% |
| 2026-03-31 | 24.50% |
| 2026-03-30 | 24.50% |
| 2026-03-27 | 24.51% |
| 2026-03-26 | 24.51% |
| 2026-03-25 | 24.50% |
| 2026-03-24 | 24.50% |
| 2026-03-23 | 24.51% |
| 2026-03-20 | 24.51% |
| 2026-03-19 | 24.51% |
| 2026-03-18 | 24.51% |
| 2026-03-17 | 24.51% |
| 2026-03-16 | 24.51% |
| 2026-03-13 | 24.51% |
| 2026-03-12 | 24.51% |
| 2026-03-11 | 24.51% |
| 2026-03-10 | 24.51% |
| 2026-03-09 | 30.54% |
| 2026-03-06 | 24.14% |
| 2026-03-05 | 24.14% |
| 2026-03-04 | 24.14% |
| 2026-03-03 | 24.14% |
| 2026-03-02 | 24.14% |
| 2026-02-27 | 24.14% |
| 2026-02-26 | 24.14% |
| 2026-02-25 | 24.14% |
| 2026-02-24 | 24.14% |
| 2026-02-23 | 24.14% |
| 2026-02-20 | 24.14% |
| 2026-02-19 | 24.14% |
| 2026-02-18 | 23.28% |
| 2026-02-17 | 23.28% |
| 2026-02-13 | 23.28% |
| 2026-02-12 | 23.28% |
| 2026-02-11 | 23.28% |
| 2026-02-10 | 23.28% |
| 2026-02-09 | 23.28% |
| 2026-02-06 | 23.28% |
| 2026-02-05 | 23.28% |
| 2026-02-04 | 23.28% |
| 2026-02-03 | 23.28% |
| 2026-02-02 | 23.28% |
| 2026-01-30 | 23.28% |
| 2026-01-29 | 23.28% |
| 2026-01-28 | 23.28% |
| 2026-01-27 | 23.28% |
| 2026-01-26 | 23.28% |
| 2026-01-23 | 23.28% |
| 2026-01-22 | 23.28% |
| 2026-01-21 | 23.28% |
| 2026-01-20 | 23.28% |
| 2026-01-16 | 23.28% |
| 2026-01-15 | 23.28% |
| 2026-01-14 | 23.28% |
| 2026-01-13 | 23.28% |
| 2026-01-12 | 23.28% |
| 2026-01-09 | 23.28% |
| 2026-01-08 | 23.28% |
| 2026-01-07 | 23.28% |
| 2026-01-06 | 23.28% |
| 2026-01-05 | 23.28% |
| 2026-01-02 | 23.28% |
| 2025-12-31 | 23.28% |
| 2025-12-30 | 23.28% |
| 2025-12-29 | 23.28% |
| 2025-12-26 | 23.28% |
| 2025-12-24 | 23.28% |
| 2025-12-23 | 23.28% |
| 2025-12-22 | 23.28% |
| 2025-12-19 | 23.28% |
| 2025-12-18 | 23.27% |
| 2025-12-17 | 23.28% |
| 2025-12-16 | 23.28% |
| 2025-12-15 | 23.28% |
| 2025-12-12 | 23.28% |
| 2025-12-11 | 23.28% |
| 2025-12-10 | 23.28% |
| 2025-12-09 | 23.28% |
| 2025-12-08 | 23.28% |
| 2025-12-05 | 23.28% |
| 2025-12-04 | 23.28% |
| 2025-12-03 | 23.28% |
| 2025-12-02 | 23.28% |
| 2025-12-01 | 23.28% |
| 2025-11-28 | 23.28% |
| 2025-11-26 | 23.28% |
| 2025-11-25 | 23.27% |
| 2025-11-24 | 23.28% |
| 2025-11-21 | 23.28% |
| 2025-11-20 | 23.28% |
| 2025-11-19 | 23.28% |
| 2025-11-18 | 23.28% |
| 2025-11-17 | 23.28% |
| 2025-11-14 | 23.28% |
| 2025-11-13 | 23.28% |
| 2025-11-12 | 23.28% |
| 2025-11-11 | 23.28% |
| 2025-11-10 | 23.28% |
| 2025-11-07 | 17.46% |
| 2025-11-06 | 17.46% |
| 2025-11-05 | 17.46% |
| 2025-11-04 | 17.46% |
| 2025-11-03 | 22.92% |
| 2025-10-31 | 22.92% |
| 2025-10-30 | 22.92% |
| 2025-10-29 | 26.99% |
| 2025-10-28 | 26.99% |
| 2025-10-27 | 26.99% |
| 2025-10-24 | 26.99% |
| 2025-10-23 | 26.99% |
| 2025-10-22 | 26.99% |
| 2025-10-21 | 26.99% |
| 2025-10-20 | 26.99% |
| 2025-10-17 | 26.99% |
| 2025-10-16 | 26.99% |
| 2025-10-15 | 26.99% |
| 2025-10-14 | 27.00% |
| 2025-10-13 | 26.99% |
| 2025-10-10 | 26.99% |
| 2025-10-09 | 26.99% |
| 2025-10-08 | 26.99% |
| 2025-10-07 | 26.99% |
| 2025-10-06 | 26.99% |
| 2025-10-03 | 27.00% |
| 2025-10-02 | 26.99% |
| 2025-10-01 | 26.99% |
| 2025-09-30 | 26.99% |
| 2025-09-29 | 26.99% |
| 2025-09-26 | 26.99% |
| 2025-09-25 | 27.00% |
| 2025-09-24 | 26.99% |
| 2025-09-23 | 26.99% |
| 2025-09-22 | 26.99% |
| 2025-09-19 | 26.99% |
| 2025-09-18 | 26.99% |
| 2025-09-17 | 26.99% |
| 2025-09-16 | 26.99% |
| 2025-09-15 | 26.99% |
| 2025-09-12 | 26.99% |
| 2025-09-11 | 26.99% |
| 2025-09-10 | 26.99% |
| 2025-09-09 | 26.99% |
| 2025-09-08 | 27.00% |
| 2025-09-05 | 26.99% |
| 2025-09-04 | 27.00% |
| 2025-09-03 | 27.00% |
| 2025-09-02 | 26.99% |
| 2025-08-29 | 26.99% |
| 2025-08-28 | 26.99% |
| 2025-08-27 | 26.99% |
| 2025-08-26 | 26.99% |
| 2025-08-25 | 26.99% |
| 2025-08-22 | 27.00% |
| 2025-08-21 | 26.99% |
| 2025-08-20 | 26.99% |
| 2025-08-19 | 27.00% |
| 2025-08-18 | 26.99% |
| 2025-08-15 | 27.00% |
| 2025-08-14 | 33.42% |
| 2025-08-13 | 26.57% |
| 2025-08-12 | 26.57% |
| 2025-08-11 | 26.57% |
| 2025-08-08 | 26.57% |
| 2025-08-07 | 26.57% |
| 2025-08-06 | 26.57% |
| 2025-08-05 | 26.57% |
| 2025-08-04 | 26.57% |
| 2025-08-01 | 26.57% |
| 2025-07-31 | 26.58% |
| 2025-07-30 | 26.95% |
| 2025-07-29 | 26.95% |
| 2025-07-28 | 26.95% |
| 2025-07-25 | 26.95% |
| 2025-07-24 | 26.95% |
| 2025-07-23 | 26.95% |
| 2025-07-22 | 26.95% |
| 2025-07-21 | 26.95% |
| 2025-07-18 | 26.95% |
| 2025-07-17 | 26.95% |
| 2025-07-16 | 26.95% |
| 2025-07-15 | 26.95% |
| 2025-07-14 | 26.95% |
Showing the most recent 260 of 2,118 data points. The chart above shows the full history.
| 30.8% |
| 2019 | $4.67 | $1.24 | 26.6% |
| 2018 | $3.90 | $1.12 | 28.7% |
| 2017 | $4.54 | $1.00 | 22.0% |
| 2016 | $3.15 | $0.80 | 25.4% |
| 2015 | $1.66 | $0.40 | 24.1% |
| 2014 | $1.56 | $0.22 | 14.1% |
| 2013 | $0.19 | $0.04 | 21.1% |
| 2012 | ($0.41) | $0.04 | N/A (Loss) |
| 2011 | ($0.55) | $0.76 | N/A (Loss) |
| 2010 | ($0.75) | $1.00 | N/A (Loss) |
| 2009 | $0.25 | $1.48 | 592.0% |
| 2008 | ($0.04) | $1.96 | N/A (Loss) |
| 2007 | $4.65 | $1.84 | 39.6% |
| 2006 | $4.82 | $1.48 | 30.7% |
| 2005 | $3.81 | $1.16 | 30.4% |
| 2004 | $2.81 | $1.04 | 37.0% |
| 2003 | $1.91 | $0.98 | 51.3% |
| 2002 | $1.67 | $0.94 | 56.3% |
| 2001 | $2.20 | $0.90 | 40.9% |
| 2000 | $2.18 | $0.84 | 38.5% |
| 1999 | $2.38 | $0.78 | 32.8% |
| 1998 | $2.54 | $0.69 | 27.3% |
| 1997 | $2.06 | $0.63 | 30.4% |
| 1996 | $1.79 | $0.56 | 31.3% |
