Dividend Yield (TTM)
1.12%
vs 5Y avg 2.40% · 10Y avg 2.09% · price: vendor quote
Dividend Yield (Forward)
2.24%
4 payments/yr (spacing)
Dividends / Share (TTM)
$0.56
Forward (annualized): $1.12
Payout Ratio (EPS, TTM)
28.2%
Payout Ratio (FCF, TTM)
13.6%
Dividend CAGR (3Y / 5Y / 10Y)
3Y7.9%5Y8.4%10Y18.4%
Consecutive Growth Years
12
as of 2025
Years Without a Cut
16
as of 2025
Total Shareholder Yield (TTM)
7.76%
Div 2.61% + Net buyback 5.14%
Growth, streak and CAGR figures exclude special dividends.
Dividends per share
Cash dividends, split-adjusted · USD
Payout ratio
Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.
Dividend yield
Trailing-twelve-month dividends ÷ month-end price.
Capital returns
Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.
Total Shareholder Yield (TTM)
7.8%
Dividends 2.6% + Net buybacks 5.1%
Net Buyback (TTM)
$18.66B
Gross $18.66B − Issuance $0
SBC (TTM)
$3.92B
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (8.0% latest vs 8.6% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.08 | +8.0% | 1 | |
| 2024 | 1.00 | +8.7% | 1 | |
| 2023 | 0.92 | +7.0% | 1 | |
| 2022 | 0.86 | +10.3% | 1 | |
| 2021 | 0.78 | +8.3% | 1 | |
| 2020 | 0.72 | +9.1% | 0 | |
| 2019 | 0.66 | +22.2% | 1 | |
| 2018 | 0.54 | +71.4% | 1 | |
| 2017 | 0.315 | +26.0% | 1 | |
| 2016 | 0.25 | +25.0% | 1 | |
| 2015 | 0.20 | +66.7% | 0 | |
| 2014 | 0.12 | +200.0% | 1 | |
| 2013 | 0.04 | 0.0% | 0 | |
| 2012 | 0.04 | 0.0% | 0 | |
| 2011 | 0.04 | 0.0% | 0 |
Special dividends are excluded from these figures. Based on 109 regular payments.
Payment history (109 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-06 | $0.28 | 0.0% | Cash | quarterly | - | 2026-03-06 | 2026-03-27 |
| 2025-12-05 | $0.28 | 0.0% | Cash | quarterly | - | 2025-12-05 | 2025-12-26 |
| 2025-09-05 | $0.28 | +7.7% | Cash | quarterly | - | 2025-09-05 | 2025-09-26 |
| 2025-06-06 | $0.26 | 0.0% | Cash | quarterly | - | 2025-06-06 | 2025-06-27 |
| 2025-03-07 | $0.26 | 0.0% | Cash | quarterly | - | 2025-03-07 | 2025-03-28 |
| 2024-12-06 | $0.26 | 0.0% | Cash | quarterly | - | 2024-12-06 | 2024-12-27 |
| 2024-09-06 | $0.26 | +8.3% | Cash | quarterly | - | 2024-09-06 | 2024-09-27 |
| 2024-06-06 | $0.24 | 0.0% | Cash | quarterly | - | 2024-06-07 | 2024-06-28 |
| 2024-02-29 | $0.24 | 0.0% | Cash | quarterly | - | 2024-03-01 | 2024-03-29 |
| 2023-11-30 | $0.24 | 0.0% | Cash | quarterly | - | 2023-12-01 | 2023-12-29 |
| 2023-08-31 | $0.24 | +9.1% | Cash | quarterly | - | 2023-09-01 | 2023-09-29 |
| 2023-06-01 | $0.22 | 0.0% | Cash | quarterly | - | 2023-06-02 | 2023-06-30 |
| 2023-03-02 | $0.22 | 0.0% | Cash | quarterly | - | 2023-03-03 | 2023-03-31 |
| 2022-12-01 | $0.22 | 0.0% | Cash | quarterly | - | 2022-12-02 | 2022-12-30 |
| 2022-09-01 | $0.22 | +4.8% | Cash | quarterly | - | 2022-09-02 | 2022-09-30 |
| 2022-06-02 | $0.21 | 0.0% | Cash | quarterly | - | 2022-06-03 | 2022-06-24 |
| 2022-03-03 | $0.21 | 0.0% | Cash | quarterly | - | 2022-03-04 | 2022-03-25 |
| 2021-12-02 | $0.21 | 0.0% | Cash | quarterly | - | 2021-12-03 | 2021-12-31 |
| 2021-09-02 | $0.21 | +16.7% | Cash | quarterly | - | 2021-09-03 | 2021-09-24 |
| 2021-06-03 | $0.18 | 0.0% | Cash | quarterly | - | 2021-06-04 | 2021-06-25 |
| 2021-03-04 | $0.18 | 0.0% | Cash | quarterly | - | 2021-03-05 | 2021-03-26 |
| 2020-12-03 | $0.18 | 0.0% | Cash | quarterly | - | 2020-12-04 | 2020-12-24 |
| 2020-09-03 | $0.18 | 0.0% | Cash | quarterly | - | 2020-09-04 | 2020-09-25 |
| 2020-06-04 | $0.18 | 0.0% | Cash | quarterly | - | 2020-06-05 | 2020-06-26 |
| 2020-03-05 | $0.18 | 0.0% | Cash | quarterly | - | 2020-03-06 | 2020-03-27 |
| 2019-12-05 | $0.18 | 0.0% | Cash | quarterly | - | 2019-12-06 | 2019-12-27 |
| 2019-09-05 | $0.18 | +20.0% | Cash | quarterly | - | 2019-09-06 | 2019-09-27 |
| 2019-06-06 | $0.15 | 0.0% | Cash | quarterly | - | 2019-06-07 | 2019-06-28 |
| 2019-02-28 | $0.15 | 0.0% | Cash | quarterly | - | 2019-03-01 | 2019-03-29 |
| 2018-12-06 | $0.15 | 0.0% | Cash | quarterly | - | 2018-12-07 | 2018-12-28 |
| 2018-09-06 | $0.15 | +25.0% | Cash | quarterly | - | 2018-09-07 | 2018-09-28 |
| 2018-05-31 | $0.12 | 0.0% | Cash | quarterly | - | 2018-06-01 | 2018-06-29 |
| 2018-03-01 | $0.12 | 0.0% | Cash | quarterly | - | 2018-03-02 | 2018-03-30 |
| 2017-11-30 | $0.12 | 0.0% | Cash | quarterly | - | 2017-12-01 | 2017-12-29 |
| 2017-08-31 | $0.12 | +60.0% | Cash | quarterly | - | 2017-09-01 | 2017-09-29 |
| 2017-03-01 | $0.075 | 0.0% | Cash | quarterly | - | 2017-03-03 | 2017-03-31 |
| 2016-11-30 | $0.075 | 0.0% | Cash | quarterly | - | 2016-12-02 | 2016-12-30 |
| 2016-08-31 | $0.075 | +50.0% | Cash | quarterly | - | 2016-09-02 | 2016-09-23 |
| 2016-06-01 | $0.05 | 0.0% | Cash | quarterly | - | 2016-06-03 | 2016-06-24 |
| 2016-03-02 | $0.05 | 0.0% | Cash | quarterly | - | 2016-03-04 | 2016-03-25 |
| 2015-12-02 | $0.05 | 0.0% | Cash | quarterly | - | 2015-12-04 | 2015-12-24 |
| 2015-09-02 | $0.05 | 0.0% | Cash | quarterly | - | 2015-09-04 | 2015-09-25 |
| 2015-06-03 | $0.05 | 0.0% | Cash | quarterly | - | 2015-06-05 | 2015-06-26 |
| 2015-03-04 | $0.05 | 0.0% | Cash | quarterly | - | 2015-03-06 | 2015-03-27 |
| 2014-12-03 | $0.05 | 0.0% | Cash | quarterly | - | 2014-12-05 | 2014-12-26 |
| 2014-09-03 | $0.05 | +400.0% | Cash | quarterly | - | 2014-09-05 | 2014-09-26 |
| 2014-06-20 | $0.01 | 0.0% | Cash | quarterly | - | 2014-06-24 | 2014-06-30 |
| 2014-03-05 | $0.01 | 0.0% | Cash | quarterly | - | 2014-03-07 | 2014-03-28 |
| 2013-12-04 | $0.01 | 0.0% | Cash | quarterly | - | 2013-12-06 | 2013-12-27 |
| 2013-09-04 | $0.01 | 0.0% | Cash | quarterly | - | 2013-09-06 | 2013-09-27 |
| 2013-06-05 | $0.01 | 0.0% | Cash | quarterly | - | 2013-06-07 | 2013-06-28 |
| 2013-02-27 | $0.01 | 0.0% | Cash | quarterly | - | 2013-03-01 | 2013-03-22 |
| 2012-12-05 | $0.01 | 0.0% | Cash | quarterly | - | 2012-12-07 | 2012-12-28 |
| 2012-09-05 | $0.01 | 0.0% | Cash | quarterly | - | 2012-09-07 | 2012-09-28 |
| 2012-05-30 | $0.01 | 0.0% | Cash | quarterly | - | 2012-06-01 | 2012-06-22 |
| 2012-02-29 | $0.01 | 0.0% | Cash | quarterly | - | 2012-03-02 | 2012-03-23 |
| 2011-11-30 | $0.01 | 0.0% | Cash | quarterly | - | 2011-12-02 | 2011-12-23 |
| 2011-08-31 | $0.01 | 0.0% | Cash | quarterly | - | 2011-09-02 | 2011-09-23 |
| 2011-06-01 | $0.01 | 0.0% | Cash | quarterly | - | 2011-06-03 | 2011-06-24 |
| 2011-03-02 | $0.01 | 0.0% | Cash | quarterly | - | 2011-03-04 | 2011-03-25 |
| 2010-12-01 | $0.01 | 0.0% | Cash | quarterly | - | 2010-12-03 | 2010-12-24 |
| 2010-09-01 | $0.01 | 0.0% | Cash | quarterly | - | 2010-09-03 | 2010-09-24 |
| 2010-06-02 | $0.01 | 0.0% | Cash | quarterly | - | 2010-06-04 | 2010-06-25 |
| 2010-03-03 | $0.01 | 0.0% | Cash | quarterly | - | 2010-03-05 | 2010-03-26 |
| 2009-12-02 | $0.01 | 0.0% | Cash | quarterly | - | 2009-12-04 | 2009-12-24 |
| 2009-09-02 | $0.01 | 0.0% | Cash | quarterly | - | 2009-09-04 | 2009-09-25 |
| 2009-06-03 | $0.01 | 0.0% | Cash | quarterly | - | 2009-06-05 | 2009-06-26 |
| 2009-03-04 | $0.01 | -96.9% | Cash | quarterly | - | 2009-03-06 | 2009-03-27 |
| 2008-12-03 | $0.32 | -50.0% | Cash | quarterly | - | 2008-12-05 | 2008-12-26 |
| 2008-09-03 | $0.64 | 0.0% | Cash | quarterly | - | 2008-09-05 | 2008-09-26 |
| 2008-06-04 | $0.64 | 0.0% | Cash | quarterly | - | 2008-06-06 | 2008-06-27 |
| 2008-03-05 | $0.64 | 0.0% | Cash | quarterly | - | 2008-03-07 | 2008-03-28 |
| 2007-12-05 | $0.64 | 0.0% | Cash | quarterly | - | 2007-12-07 | 2007-12-28 |
| 2007-09-05 | $0.64 | +14.3% | Cash | quarterly | - | 2007-09-07 | 2007-09-28 |
| 2007-05-30 | $0.56 | 0.0% | Cash | quarterly | - | 2007-06-01 | 2007-06-22 |
| 2007-02-28 | $0.56 | 0.0% | Cash | quarterly | - | 2007-03-02 | 2007-03-23 |
| 2006-11-29 | $0.56 | 0.0% | Cash | quarterly | - | 2006-12-01 | 2006-12-22 |
| 2006-08-30 | $0.56 | +12.0% | Cash | quarterly | - | 2006-09-01 | 2006-09-22 |
| 2006-05-31 | $0.5 | 0.0% | Cash | quarterly | - | 2006-06-02 | 2006-06-23 |
| 2006-03-01 | $0.5 | 0.0% | Cash | quarterly | - | 2006-03-03 | 2006-03-24 |
| 2005-11-30 | $0.5 | 0.0% | Cash | quarterly | - | 2005-12-02 | 2005-12-23 |
| 2005-08-31 | $0.5 | +11.1% | Cash | quarterly | - | 2005-09-02 | 2005-09-23 |
| 2005-06-01 | $0.45 | 0.0% | Cash | quarterly | - | 2005-06-03 | 2005-06-24 |
| 2005-03-02 | $0.45 | 0.0% | Cash | quarterly | - | 2005-03-04 | 2005-03-25 |
| 2004-12-01 | $0.45 | 0.0% | Cash | quarterly | - | 2004-12-03 | 2004-12-22 |
| 2004-09-01 | $0.45 | -43.8% | Cash | quarterly | - | 2004-09-03 | 2004-09-24 |
| 2004-06-02 | $0.8 | 0.0% | Cash | quarterly | - | 2004-06-04 | 2004-06-25 |
| 2004-03-03 | $0.8 | 0.0% | Cash | quarterly | - | 2004-03-05 | 2004-03-26 |
| 2003-12-03 | $0.8 | 0.0% | Cash | quarterly | - | 2003-12-05 | 2003-12-26 |
| 2003-09-03 | $0.8 | +25.0% | Cash | quarterly | - | 2003-09-05 | 2003-09-26 |
| 2003-06-04 | $0.64 | 0.0% | Cash | quarterly | - | 2003-06-06 | 2003-06-27 |
| 2003-03-05 | $0.64 | 0.0% | Cash | quarterly | - | 2003-03-07 | 2003-03-28 |
| 2002-12-04 | $0.64 | +6.7% | Cash | quarterly | - | 2002-12-06 | 2002-12-27 |
| 2002-09-04 | $0.6 | 0.0% | Cash | quarterly | - | 2002-09-06 | 2002-09-27 |
| 2002-06-05 | $0.6 | 0.0% | Cash | quarterly | - | 2002-06-07 | 2002-06-28 |
| 2002-02-27 | $0.6 | 0.0% | Cash | quarterly | - | 2002-03-01 | 2002-03-22 |
| 2001-12-05 | $0.6 | +7.1% | Cash | quarterly | - | 2001-12-07 | 2001-12-28 |
| 2001-09-05 | $0.56 | 0.0% | Cash | quarterly | - | 2001-09-07 | 2001-09-28 |
| 2001-05-30 | $0.56 | 0.0% | Cash | quarterly | - | 2001-06-01 | 2001-06-22 |
| 2001-02-28 | $0.56 | 0.0% | Cash | quarterly | - | 2001-03-02 | 2001-03-23 |
| 2000-11-29 | $0.56 | +12.0% | Cash | quarterly | - | 2000-12-01 | 2000-12-20 |
| 2000-08-30 | $0.5 | 0.0% | Cash | quarterly | - | 2000-09-01 | 2000-09-22 |
| 2000-05-31 | $0.5 | 0.0% | Cash | quarterly | - | 2000-06-02 | 2000-06-23 |
| 2000-03-01 | $0.5 | 0.0% | Cash | quarterly | - | 2000-03-03 | 2000-03-24 |
| 1999-12-01 | $0.5 | +11.1% | Cash | quarterly | - | 1999-12-03 | 1999-12-23 |
| 1999-09-01 | $0.45 | 0.0% | Cash | quarterly | - | 1999-09-03 | 1999-09-24 |
| 1999-06-02 | $0.45 | 0.0% | Cash | quarterly | - | 1999-06-04 | 1999-06-25 |
| 1999-03-03 | $0.45 | 0.0% | Cash | quarterly | - | 1999-03-05 | 1999-03-26 |
| 1998-12-02 | $0.45 | – | Cash | quarterly | - | 1998-12-04 | 1998-12-23 |
No splits on record.