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 127.28% is in line with its 5-year average of 122.88%, around the middle of its 5-year range (21.64%–272.13%).
As of Wednesday, September 9, 2026. 28.33% below its 12-month average of 177.59%.
Dividend Payout Ratio (127.28%) = TTM Dividends/Share ($0.84) / TTM EPS ($0.66)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-09-09.
DIVIDEND PAYOUT RATIO
127.28%
DIVIDEND PAYOUT RATIO AVG TTM
177.59%
DIVIDEND PAYOUT RATIO AVG 3Y
158.06%
DIVIDEND PAYOUT RATIO AVG 5Y
122.88%
DIVIDEND PAYOUT RATIO AVG 10Y
120.35%
DIVIDEND PAYOUT RATIO AVG 15Y
106.80%
DIVIDEND PAYOUT RATIO AVG 20Y
102.14%
CURRENT VS TTM AVG
-28.33%
CURRENT VS 3Y AVG
-19.47%
CURRENT VS 5Y AVG
+3.58%
CURRENT VS 10Y AVG
+5.76%
CURRENT VS 15Y AVG
+19.17%
CURRENT VS 20Y AVG
+24.62%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $0.45 | $0.84 | 186.7% |
| 2024-12-31 | $0.54 | $0.94 | 174.1% |
| 2023-12-31 | $1.15 | $1.66 | 144.3% |
| 2022-12-31 | $2.53 | $0.72 | 28.5% |
| 2021-12-31 | $3.48 | $1.18 | 33.9% |
| 2020-12-31 | $1.07 |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-09-09 | 127.28% |
| 2026-09-08 | 127.28% |
| 2026-09-04 | 127.28% |
| 2026-09-03 | 95.46% |
| 2026-09-02 | 95.46% |
| 2026-09-01 | 95.44% |
| 2026-08-31 | 95.46% |
| 2026-08-28 | 127.28% |
| 2026-08-27 | 127.28% |
| 2026-08-26 | 127.26% |
| 2026-08-25 | 127.29% |
| 2026-08-24 | 127.26% |
| 2026-08-21 | 127.29% |
| 2026-08-20 | 127.26% |
| 2026-08-19 | 127.26% |
| 2026-08-18 | 127.26% |
| 2026-08-17 | 127.26% |
| 2026-08-14 | 127.27% |
| 2026-08-13 | 127.29% |
| 2026-08-12 | 127.29% |
| 2026-08-11 | 127.28% |
| 2026-08-10 | 127.28% |
| 2026-08-07 | 127.28% |
| 2026-08-06 | 127.27% |
| 2026-08-05 | 127.27% |
| 2026-08-04 | 127.28% |
| 2026-08-03 | 127.28% |
| 2026-07-31 | 152.73% |
| 2026-07-30 | 152.74% |
| 2026-07-29 | 152.71% |
| 2026-07-28 | 152.74% |
| 2026-07-27 | 152.72% |
| 2026-07-24 | 152.74% |
| 2026-07-23 | 152.72% |
| 2026-07-22 | 152.73% |
| 2026-07-21 | 152.74% |
| 2026-07-20 | 152.71% |
| 2026-07-17 | 152.74% |
| 2026-07-16 | 152.71% |
| 2026-07-15 | 152.72% |
| 2026-07-14 | 152.72% |
| 2026-07-13 | 152.71% |
| 2026-07-10 | 152.74% |
| 2026-07-09 | 152.73% |
| 2026-07-08 | 152.74% |
| 2026-07-07 | 152.74% |
| 2026-07-06 | 152.74% |
| 2026-07-02 | 152.71% |
| 2026-07-01 | 152.74% |
| 2026-06-30 | 152.74% |
| 2026-06-29 | 152.71% |
| 2026-06-26 | 152.73% |
| 2026-06-25 | 152.74% |
| 2026-06-24 | 152.73% |
| 2026-06-23 | 152.74% |
| 2026-06-22 | 152.72% |
| 2026-06-18 | 152.73% |
| 2026-06-17 | 152.74% |
| 2026-06-16 | 152.72% |
| 2026-06-15 | 152.73% |
| 2026-06-12 | 152.72% |
| 2026-06-11 | 152.74% |
| 2026-06-10 | 152.74% |
| 2026-06-09 | 152.73% |
| 2026-06-08 | 152.71% |
| 2026-06-05 | 152.73% |
| 2026-06-04 | 114.55% |
| 2026-06-03 | 114.54% |
| 2026-06-02 | 114.56% |
| 2026-06-01 | 114.55% |
| 2026-05-29 | 152.71% |
| 2026-05-28 | 152.71% |
| 2026-05-27 | 152.71% |
| 2026-05-26 | 152.73% |
| 2026-05-22 | 152.73% |
| 2026-05-21 | 152.71% |
| 2026-05-20 | 152.71% |
| 2026-05-19 | 152.73% |
| 2026-05-18 | 152.72% |
| 2026-05-15 | 152.74% |
| 2026-05-14 | 152.71% |
| 2026-05-13 | 152.73% |
| 2026-05-12 | 152.74% |
| 2026-05-11 | 152.72% |
| 2026-05-08 | 152.72% |
| 2026-05-07 | 152.72% |
| 2026-05-06 | 152.73% |
| 2026-05-05 | 152.72% |
| 2026-05-04 | 152.72% |
| 2026-05-01 | 190.90% |
| 2026-04-30 | 190.92% |
| 2026-04-29 | 190.90% |
| 2026-04-28 | 190.91% |
| 2026-04-27 | 190.90% |
| 2026-04-24 | 190.92% |
| 2026-04-23 | 190.92% |
| 2026-04-22 | 190.92% |
| 2026-04-21 | 190.92% |
| 2026-04-20 | 190.92% |
| 2026-04-17 | 190.89% |
| 2026-04-16 | 190.90% |
| 2026-04-15 | 190.90% |
| 2026-04-14 | 190.92% |
| 2026-04-13 | 190.91% |
| 2026-04-10 | 190.91% |
| 2026-04-09 | 190.91% |
| 2026-04-08 | 190.91% |
| 2026-04-07 | 190.91% |
| 2026-04-06 | 190.91% |
| 2026-04-02 | 190.90% |
| 2026-04-01 | 190.91% |
| 2026-03-31 | 190.90% |
| 2026-03-30 | 190.90% |
| 2026-03-27 | 190.92% |
| 2026-03-26 | 190.92% |
| 2026-03-25 | 190.91% |
| 2026-03-24 | 190.91% |
| 2026-03-23 | 190.92% |
| 2026-03-20 | 190.92% |
| 2026-03-19 | 190.90% |
| 2026-03-18 | 190.91% |
| 2026-03-17 | 190.91% |
| 2026-03-16 | 190.90% |
| 2026-03-13 | 190.92% |
| 2026-03-12 | 190.91% |
| 2026-03-11 | 190.93% |
| 2026-03-10 | 190.89% |
| 2026-03-09 | 143.19% |
| 2026-03-06 | 190.90% |
| 2026-03-05 | 190.92% |
| 2026-03-04 | 190.91% |
| 2026-03-03 | 190.92% |
| 2026-03-02 | 190.89% |
| 2026-02-27 | 190.91% |
| 2026-02-26 | 190.92% |
| 2026-02-25 | 190.90% |
| 2026-02-24 | 190.92% |
| 2026-02-23 | 190.90% |
| 2026-02-20 | 190.89% |
| 2026-02-19 | 190.92% |
| 2026-02-18 | 190.89% |
| 2026-02-17 | 190.91% |
| 2026-02-13 | 186.65% |
| 2026-02-12 | 186.67% |
| 2026-02-11 | 186.67% |
| 2026-02-10 | 186.68% |
| 2026-02-09 | 186.65% |
| 2026-02-06 | 186.67% |
| 2026-02-05 | 186.68% |
| 2026-02-04 | 186.66% |
| 2026-02-03 | 186.67% |
| 2026-02-02 | 186.66% |
| 2026-01-30 | 186.67% |
| 2026-01-29 | 186.66% |
| 2026-01-28 | 186.67% |
| 2026-01-27 | 186.67% |
| 2026-01-26 | 186.66% |
| 2026-01-23 | 186.68% |
| 2026-01-22 | 186.66% |
| 2026-01-21 | 186.68% |
| 2026-01-20 | 186.66% |
| 2026-01-16 | 186.66% |
| 2026-01-15 | 186.68% |
| 2026-01-14 | 186.68% |
| 2026-01-13 | 186.68% |
| 2026-01-12 | 186.66% |
| 2026-01-09 | 186.67% |
| 2026-01-08 | 186.66% |
| 2026-01-07 | 186.66% |
| 2026-01-06 | 186.66% |
| 2026-01-05 | 186.66% |
| 2026-01-02 | 186.67% |
| 2025-12-31 | 186.65% |
| 2025-12-30 | 186.66% |
| 2025-12-29 | 186.66% |
| 2025-12-26 | 186.68% |
| 2025-12-24 | 186.67% |
| 2025-12-23 | 186.65% |
| 2025-12-22 | 186.67% |
| 2025-12-19 | 186.67% |
| 2025-12-18 | 186.65% |
| 2025-12-17 | 186.65% |
| 2025-12-16 | 186.65% |
| 2025-12-15 | 186.67% |
| 2025-12-12 | 186.67% |
| 2025-12-11 | 186.68% |
| 2025-12-10 | 186.67% |
| 2025-12-09 | 186.68% |
| 2025-12-08 | 186.66% |
| 2025-12-05 | 186.67% |
| 2025-12-04 | 186.68% |
| 2025-12-03 | 186.67% |
| 2025-12-02 | 186.65% |
| 2025-12-01 | 186.68% |
| 2025-11-28 | 231.13% |
| 2025-11-26 | 184.46% |
| 2025-11-25 | 184.44% |
| 2025-11-24 | 184.44% |
| 2025-11-21 | 184.44% |
| 2025-11-20 | 184.45% |
| 2025-11-19 | 184.43% |
| 2025-11-18 | 184.43% |
| 2025-11-17 | 184.44% |
| 2025-11-14 | 184.45% |
| 2025-11-13 | 184.46% |
| 2025-11-12 | 184.45% |
| 2025-11-11 | 184.43% |
| 2025-11-10 | 184.44% |
| 2025-11-07 | 184.45% |
| 2025-11-06 | 184.43% |
| 2025-11-05 | 184.46% |
| 2025-11-04 | 184.44% |
| 2025-11-03 | 184.44% |
| 2025-10-31 | 219.30% |
| 2025-10-30 | 219.27% |
| 2025-10-29 | 219.27% |
| 2025-10-28 | 219.28% |
| 2025-10-27 | 219.28% |
| 2025-10-24 | 219.30% |
| 2025-10-23 | 219.28% |
| 2025-10-22 | 219.29% |
| 2025-10-21 | 219.28% |
| 2025-10-20 | 219.29% |
| 2025-10-17 | 219.27% |
| 2025-10-16 | 219.27% |
| 2025-10-15 | 219.27% |
| 2025-10-14 | 219.27% |
| 2025-10-13 | 219.28% |
| 2025-10-10 | 219.28% |
| 2025-10-09 | 219.28% |
| 2025-10-08 | 219.29% |
| 2025-10-07 | 219.29% |
| 2025-10-06 | 219.27% |
| 2025-10-03 | 219.30% |
| 2025-10-02 | 219.30% |
| 2025-10-01 | 219.29% |
| 2025-09-30 | 219.30% |
| 2025-09-29 | 219.29% |
| 2025-09-26 | 219.27% |
| 2025-09-25 | 219.30% |
| 2025-09-24 | 219.29% |
| 2025-09-23 | 219.28% |
| 2025-09-22 | 219.30% |
| 2025-09-19 | 219.28% |
| 2025-09-18 | 219.27% |
| 2025-09-17 | 219.28% |
| 2025-09-16 | 219.28% |
| 2025-09-15 | 219.27% |
| 2025-09-12 | 219.30% |
| 2025-09-11 | 219.28% |
| 2025-09-10 | 219.27% |
| 2025-09-09 | 219.28% |
| 2025-09-08 | 219.29% |
| 2025-09-05 | 219.29% |
| 2025-09-04 | 219.28% |
| 2025-09-03 | 219.27% |
| 2025-09-02 | 219.29% |
| 2025-08-29 | 272.13% |
| 2025-08-28 | 216.64% |
| 2025-08-27 | 216.65% |
Showing the most recent 260 of 2,183 data points. The chart above shows the full history.
| $0.51 |
| 47.7% |
| 2019-12-31 | ($0.10) | $1.36 | N/A (Loss) |
| 2018-12-31 | $0.99 | $1.32 | 133.3% |
| 2017-12-31 | $0.77 | $1.25 | 162.3% |
| 2016-12-31 | $1.40 | $1.24 | 88.6% |
| 2015-12-31 | $0.89 | $1.20 | 134.8% |
| 2014-12-31 | $3.20 | $1.02 | 31.9% |
| 2013-12-31 | $0.95 | $0.81 | 85.3% |
| 2012-12-31 | $0.71 | $0.62 | 87.3% |
| 2011-12-31 | $0.62 | $0.60 | 96.8% |
| 2010-12-31 | $2.41 | $0.15 | 6.2% |
| 2009-12-31 | ($1.03) | $0.60 | N/A (Loss) |
| 2008-12-31 | ($2.23) | $2.40 | N/A (Loss) |
| 2007-12-31 | $1.44 | $2.40 | 166.7% |
| 2006-12-31 | $0.74 | $2.20 | 297.3% |
| 2005-12-31 | $1.20 | $1.90 | 158.3% |
| 2004-12-31 | $2.18 | $1.60 | 73.4% |
| 2003-12-31 | $0.50 | $1.60 | 320.0% |
| 2002-12-31 | $0.44 | $1.60 | 363.6% |
| 2001-12-31 | $0.64 | $1.60 | 250.0% |
| 2000-12-31 | $1.49 | $1.60 | 107.4% |
| 1999-12-31 | $1.02 | $1.60 | 156.9% |
| 1998-12-31 | $0.59 | $1.60 | 271.2% |
| 1997-12-31 | $0.69 | $1.60 | 231.9% |
| 1996-12-31 | $0.94 | $1.60 | 170.2% |
