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 66.42% is in line with its 5-year average of 64.38%, around the middle of its 5-year range (47.68%–85.43%).
As of Sunday, July 26, 2026. 0.86% above its 12-month average of 65.85%.
Dividend Payout Ratio (66.42%) = TTM Dividends/Share ($2.33) / TTM EPS ($3.50)
DIVIDEND PAYOUT RATIO
66.42%
DIVIDEND PAYOUT RATIO AVG TTM
65.85%
DIVIDEND PAYOUT RATIO AVG 3Y
65.24%
DIVIDEND PAYOUT RATIO AVG 5Y
64.30%
DIVIDEND PAYOUT RATIO AVG 10Y
63.48%
DIVIDEND PAYOUT RATIO AVG 15Y
62.80%
DIVIDEND PAYOUT RATIO AVG 20Y
63.35%
CURRENT VS TTM AVG
+0.86%
CURRENT VS 3Y AVG
+1.80%
CURRENT VS 5Y AVG
+3.29%
CURRENT VS 10Y AVG
+4.62%
CURRENT VS 15Y AVG
+5.76%
CURRENT VS 20Y AVG
+4.84%
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $3.44 | $2.83 | 82.2% |
| 2024 | $3.44 | $1.64 | 47.7% |
| 2023 | $3.21 | $2.08 | 64.8% |
| 2022 | $3.17 | $1.95 | 61.5% |
| 2021 | $2.96 | $1.83 | 61.8% |
| 2020 | $2.80 | $1.72 |
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 | 66.42% |
| 2026-07-23 | 66.44% |
| 2026-07-22 | 66.42% |
| 2026-07-21 | 66.42% |
| 2026-07-20 | 66.44% |
| 2026-07-17 | 66.44% |
| 2026-07-16 | 66.42% |
| 2026-07-15 | 66.42% |
| 2026-07-14 | 66.44% |
| 2026-07-13 | 66.42% |
| 2026-07-10 | 66.42% |
| 2026-07-09 | 66.44% |
| 2026-07-08 | 66.43% |
| 2026-07-07 | 66.43% |
| 2026-07-06 | 66.42% |
| 2026-07-02 | 66.44% |
| 2026-07-01 | 66.42% |
| 2026-06-30 | 66.42% |
| 2026-06-29 | 66.42% |
| 2026-06-26 | 66.42% |
| 2026-06-25 | 66.44% |
| 2026-06-24 | 66.44% |
| 2026-06-23 | 66.42% |
| 2026-06-22 | 66.44% |
| 2026-06-18 | 66.44% |
| 2026-06-17 | 66.42% |
| 2026-06-16 | 66.44% |
| 2026-06-15 | 66.42% |
| 2026-06-12 | 65.77% |
| 2026-06-11 | 65.78% |
| 2026-06-10 | 65.77% |
| 2026-06-09 | 65.79% |
| 2026-06-08 | 65.79% |
| 2026-06-05 | 65.78% |
| 2026-06-04 | 65.79% |
| 2026-06-03 | 65.78% |
| 2026-06-02 | 65.79% |
| 2026-06-01 | 65.78% |
| 2026-05-29 | 65.77% |
| 2026-05-28 | 65.80% |
| 2026-05-27 | 65.78% |
| 2026-05-26 | 65.79% |
| 2026-05-22 | 65.80% |
| 2026-05-21 | 65.77% |
| 2026-05-20 | 65.79% |
| 2026-05-19 | 65.79% |
| 2026-05-18 | 65.77% |
| 2026-05-15 | 65.78% |
| 2026-05-14 | 65.80% |
| 2026-05-13 | 65.78% |
| 2026-05-12 | 65.79% |
| 2026-05-11 | 65.79% |
| 2026-05-08 | 65.78% |
| 2026-05-07 | 65.79% |
| 2026-05-06 | 65.77% |
| 2026-05-05 | 65.78% |
| 2026-05-04 | 65.78% |
| 2026-05-01 | 65.77% |
| 2026-04-30 | 65.79% |
| 2026-04-29 | 66.75% |
| 2026-04-28 | 66.75% |
| 2026-04-27 | 66.75% |
| 2026-04-24 | 66.73% |
| 2026-04-23 | 66.75% |
| 2026-04-22 | 66.74% |
| 2026-04-21 | 66.73% |
| 2026-04-20 | 66.74% |
| 2026-04-17 | 66.74% |
| 2026-04-16 | 66.73% |
| 2026-04-15 | 66.75% |
| 2026-04-14 | 66.74% |
| 2026-04-13 | 66.74% |
| 2026-04-10 | 66.74% |
| 2026-04-09 | 66.74% |
| 2026-04-08 | 66.73% |
| 2026-04-07 | 66.73% |
| 2026-04-06 | 66.73% |
| 2026-04-02 | 66.73% |
| 2026-04-01 | 66.73% |
| 2026-03-31 | 66.75% |
| 2026-03-30 | 66.75% |
| 2026-03-27 | 66.73% |
| 2026-03-26 | 66.74% |
| 2026-03-25 | 66.73% |
| 2026-03-24 | 66.75% |
| 2026-03-23 | 66.73% |
| 2026-03-20 | 66.73% |
| 2026-03-19 | 66.73% |
| 2026-03-18 | 66.73% |
| 2026-03-17 | 66.75% |
| 2026-03-16 | 66.74% |
| 2026-03-13 | 83.25% |
| 2026-03-12 | 66.10% |
| 2026-03-11 | 66.09% |
| 2026-03-10 | 66.08% |
| 2026-03-09 | 66.10% |
| 2026-03-06 | 66.09% |
| 2026-03-05 | 66.09% |
| 2026-03-04 | 66.09% |
| 2026-03-03 | 66.09% |
| 2026-03-02 | 66.09% |
| 2026-02-27 | 66.08% |
| 2026-02-26 | 66.08% |
| 2026-02-25 | 66.09% |
| 2026-02-24 | 68.88% |
| 2026-02-23 | 68.88% |
| 2026-02-20 | 68.89% |
| 2026-02-19 | 68.89% |
| 2026-02-18 | 68.88% |
| 2026-02-17 | 68.89% |
| 2026-02-13 | 68.88% |
| 2026-02-12 | 68.88% |
| 2026-02-11 | 68.88% |
| 2026-02-10 | 68.87% |
| 2026-02-09 | 68.88% |
| 2026-02-06 | 68.88% |
| 2026-02-05 | 68.89% |
| 2026-02-04 | 68.88% |
| 2026-02-03 | 68.90% |
| 2026-02-02 | 68.89% |
| 2026-01-30 | 68.89% |
| 2026-01-29 | 68.88% |
| 2026-01-28 | 68.87% |
| 2026-01-27 | 68.88% |
| 2026-01-26 | 68.88% |
| 2026-01-23 | 68.88% |
| 2026-01-22 | 68.89% |
| 2026-01-21 | 68.87% |
| 2026-01-20 | 68.87% |
| 2026-01-16 | 68.87% |
| 2026-01-15 | 68.89% |
| 2026-01-14 | 68.88% |
| 2026-01-13 | 68.88% |
| 2026-01-12 | 68.89% |
| 2026-01-09 | 68.90% |
| 2026-01-08 | 68.88% |
| 2026-01-07 | 68.88% |
| 2026-01-06 | 68.89% |
| 2026-01-05 | 85.43% |
| 2026-01-02 | 85.42% |
| 2025-12-31 | 85.41% |
| 2025-12-30 | 85.41% |
| 2025-12-29 | 85.41% |
| 2025-12-26 | 68.19% |
| 2025-12-24 | 68.19% |
| 2025-12-23 | 68.20% |
| 2025-12-22 | 68.20% |
| 2025-12-19 | 68.19% |
| 2025-12-18 | 68.21% |
| 2025-12-17 | 68.21% |
| 2025-12-16 | 68.19% |
| 2025-12-15 | 68.21% |
| 2025-12-12 | 68.19% |
| 2025-12-11 | 68.20% |
| 2025-12-10 | 68.19% |
| 2025-12-09 | 68.21% |
| 2025-12-08 | 68.20% |
| 2025-12-05 | 68.21% |
| 2025-12-04 | 68.22% |
| 2025-12-03 | 68.19% |
| 2025-12-02 | 68.20% |
| 2025-12-01 | 68.21% |
| 2025-11-28 | 68.21% |
| 2025-11-26 | 68.21% |
| 2025-11-25 | 68.21% |
| 2025-11-24 | 68.21% |
| 2025-11-21 | 68.20% |
| 2025-11-20 | 68.22% |
| 2025-11-19 | 68.20% |
| 2025-11-18 | 68.20% |
| 2025-11-17 | 68.19% |
| 2025-11-14 | 68.19% |
| 2025-11-13 | 68.20% |
| 2025-11-12 | 68.21% |
| 2025-11-11 | 68.20% |
| 2025-11-10 | 68.20% |
| 2025-11-07 | 68.19% |
| 2025-11-06 | 68.20% |
| 2025-11-05 | 68.21% |
| 2025-11-04 | 68.20% |
| 2025-11-03 | 68.20% |
| 2025-10-31 | 68.20% |
| 2025-10-30 | 68.20% |
| 2025-10-29 | 62.35% |
| 2025-10-28 | 62.36% |
| 2025-10-27 | 62.36% |
| 2025-10-24 | 62.37% |
| 2025-10-23 | 62.35% |
| 2025-10-22 | 62.36% |
| 2025-10-21 | 62.37% |
| 2025-10-20 | 62.35% |
| 2025-10-17 | 62.36% |
| 2025-10-16 | 62.35% |
| 2025-10-15 | 62.37% |
| 2025-10-14 | 62.35% |
| 2025-10-13 | 62.35% |
| 2025-10-10 | 62.37% |
| 2025-10-09 | 62.37% |
| 2025-10-08 | 62.36% |
| 2025-10-07 | 62.36% |
| 2025-10-06 | 62.37% |
| 2025-10-03 | 62.36% |
| 2025-10-02 | 62.36% |
| 2025-10-01 | 62.38% |
| 2025-09-30 | 62.36% |
| 2025-09-29 | 62.35% |
| 2025-09-26 | 62.36% |
| 2025-09-25 | 62.36% |
| 2025-09-24 | 62.37% |
| 2025-09-23 | 62.37% |
| 2025-09-22 | 62.37% |
| 2025-09-19 | 62.36% |
| 2025-09-18 | 62.37% |
| 2025-09-17 | 62.35% |
| 2025-09-16 | 62.36% |
| 2025-09-15 | 62.36% |
| 2025-09-12 | 61.73% |
| 2025-09-11 | 61.73% |
| 2025-09-10 | 61.76% |
| 2025-09-09 | 61.76% |
| 2025-09-08 | 61.74% |
| 2025-09-05 | 61.75% |
| 2025-09-04 | 61.75% |
| 2025-09-03 | 61.75% |
| 2025-09-02 | 61.75% |
| 2025-08-29 | 61.75% |
| 2025-08-28 | 61.73% |
| 2025-08-27 | 61.74% |
| 2025-08-26 | 61.74% |
| 2025-08-25 | 61.73% |
| 2025-08-22 | 61.73% |
| 2025-08-21 | 61.74% |
| 2025-08-20 | 61.73% |
| 2025-08-19 | 61.75% |
| 2025-08-18 | 61.75% |
| 2025-08-15 | 61.74% |
| 2025-08-14 | 61.75% |
| 2025-08-13 | 61.73% |
| 2025-08-12 | 61.75% |
| 2025-08-11 | 61.75% |
| 2025-08-08 | 61.75% |
| 2025-08-07 | 61.74% |
| 2025-08-06 | 61.74% |
| 2025-08-05 | 61.75% |
| 2025-08-04 | 61.75% |
| 2025-08-01 | 61.75% |
| 2025-07-31 | 61.75% |
| 2025-07-30 | 65.73% |
| 2025-07-29 | 65.75% |
| 2025-07-28 | 65.72% |
| 2025-07-25 | 65.73% |
| 2025-07-24 | 65.75% |
| 2025-07-23 | 65.72% |
| 2025-07-22 | 65.74% |
| 2025-07-21 | 65.74% |
| 2025-07-18 | 65.74% |
| 2025-07-17 | 65.75% |
| 2025-07-16 | 65.72% |
| 2025-07-15 | 65.74% |
| 2025-07-14 | 65.72% |
Showing the most recent 260 of 2,653 data points. The chart above shows the full history.
| 61.4% |
| 2019 | $2.64 | $1.62 | 61.4% |
| 2018 | $2.47 | $1.52 | 61.5% |
| 2017 | $2.26 | $1.44 | 63.7% |
| 2016 | $2.21 | $1.36 | 61.5% |
| 2015 | $1.94 | $1.28 | 66.0% |
| 2014 | $2.03 | $1.20 | 59.1% |
| 2013 | $1.91 | $1.11 | 58.1% |
| 2012 | $1.86 | $1.07 | 57.5% |
| 2011 | $1.72 | $1.03 | 60.0% |
| 2010 | $1.63 | $1.00 | 61.5% |
| 2009 | $1.48 | $0.97 | 65.7% |
| 2008 | $1.47 | $0.94 | 64.1% |
| 2007 | $1.38 | $0.91 | 66.1% |
| 2006 | $1.40 | $0.88 | 63.0% |
| 2005 | $1.26 | $0.85 | 67.7% |
| 2004 | $0.88 | $0.81 | 92.0% |
| 2003 | $1.55 | $0.75 | 48.4% |
| 2002 | ($5.81) | $1.13 | N/A (Loss) |
| 2001 | $2.31 | $1.50 | 64.9% |
| 2000 | $1.54 | $1.48 | 96.2% |
| 1999 | $1.70 | $1.45 | 85.0% |
| 1998 | $1.88 | $1.42 | 75.8% |
| 1997 | $1.61 | $1.40 | 87.1% |
| 1996 | $1.91 | $1.37 | 71.9% |
