Dividend Yield (TTM)
1.40%
vs 5Y avg 1.82% · 10Y avg 1.74% · price: vendor quote
Dividend Yield (Forward)
2.80%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.36
Forward (annualized): $6.72
Payout Ratio (EPS, TTM)
60.2%
Payout Ratio (FCF, TTM)
55.5%
Dividend CAGR (3Y / 5Y / 10Y)
3Y—5Y—10Y3.0%
Consecutive Growth Years
3
as of 2025
Years Without a Cut
3
as of 2025
Total Shareholder Yield (TTM)
2.71%
Div 2.58% + Net buyback 0.13%
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)
2.7%
Dividends 2.6% + Net buybacks 0.1%
Net Buyback (TTM)
$316M
Gross $851M − Issuance $535M
SBC (TTM)
$1.72B
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 6.71 | +0.6% | 1 | |
| 2024 | 6.67 | +33.9% | 1 | |
| 2023 | 4.98 | — | 1 | |
| 2018 | 4.64 | +5.5% | 1 | |
| 2017 | 4.40 | -20.0% | 1 | |
| 2016 | 5.50 | +10.0% | 1 | |
| 2015 | 5.00 | +17.6% | 1 | |
| 2014 | 4.25 | +14.9% | 1 | |
| 2013 | 3.70 | +12.1% | 1 | |
| 2012 | 3.30 | +13.8% | 1 | |
| 2011 | 2.90 | +16.0% | 1 | |
| 2010 | 2.50 | +16.3% | 1 | |
| 2009 | 2.15 | +13.2% | 1 | |
| 2008 | 1.90 | +26.7% | 1 | |
| 2007 | 1.50 | +36.4% | 1 |
Special dividends are excluded from these figures. Based on 128 regular payments.
Payment history (128 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-10 | $1.68 | 0.0% | Cash | quarterly | - | 2026-02-10 | 2026-03-10 |
| 2025-11-10 | $1.68 | 0.0% | Cash | quarterly | - | 2025-11-10 | 2025-12-10 |
| 2025-08-08 | $1.68 | 0.0% | Cash | quarterly | - | 2025-08-08 | 2025-09-10 |
| 2025-05-09 | $1.68 | +0.6% | Cash | quarterly | - | 2025-05-09 | 2025-06-10 |
| 2025-02-10 | $1.67 | 0.0% | Cash | quarterly | - | 2025-02-10 | 2025-03-10 |
| 2024-11-12 | $1.67 | 0.0% | Cash | quarterly | - | 2024-11-12 | 2024-12-10 |
| 2024-08-09 | $1.67 | 0.0% | Cash | quarterly | - | 2024-08-09 | 2024-09-10 |
| 2024-05-09 | $1.67 | +0.6% | Cash | quarterly | - | 2024-05-10 | 2024-06-10 |
| 2024-02-08 | $1.66 | 0.0% | Cash | quarterly | - | 2024-02-09 | 2024-03-09 |
| 2023-11-09 | $1.66 | 0.0% | Cash | quarterly | - | 2023-11-10 | 2023-12-09 |
| 2023-08-09 | $1.66 | 0.0% | Cash | quarterly | - | 2023-08-10 | 2023-09-09 |
| 2023-05-09 | $1.66 | +5.7% | Cash | quarterly | - | 2023-05-10 | 2023-06-10 |
| 2018-08-09 | $1.57 | 0.0% | Cash | quarterly | - | 2018-08-10 | 2018-09-10 |
| 2018-05-09 | $1.57 | +4.7% | Cash | quarterly | - | 2018-05-10 | 2018-06-09 |
| 2018-02-08 | $1.5 | 0.0% | Cash | quarterly | - | 2018-02-09 | 2018-03-10 |
| 2017-11-09 | $1.5 | 0.0% | Cash | quarterly | - | 2017-11-10 | 2017-12-09 |
| 2017-08-08 | $1.5 | +7.1% | Cash | quarterly | - | 2017-08-10 | 2017-09-09 |
| 2017-02-09 | $1.4 | 0.0% | Cash | quarterly | - | 2017-02-10 | 2017-03-10 |
| 2016-11-08 | $1.4 | 0.0% | Cash | quarterly | - | 2016-11-10 | 2016-12-10 |
| 2016-08-08 | $1.4 | 0.0% | Cash | quarterly | - | 2016-08-10 | 2016-09-10 |
| 2016-05-06 | $1.4 | +7.7% | Cash | quarterly | - | 2016-05-10 | 2016-06-10 |
| 2016-02-08 | $1.3 | 0.0% | Cash | quarterly | - | 2016-02-10 | 2016-03-10 |
| 2015-11-06 | $1.3 | 0.0% | Cash | quarterly | - | 2015-11-10 | 2015-12-10 |
| 2015-08-06 | $1.3 | 0.0% | Cash | quarterly | - | 2015-08-10 | 2015-09-10 |
| 2015-05-06 | $1.3 | +18.2% | Cash | quarterly | - | 2015-05-08 | 2015-06-10 |
| 2015-02-06 | $1.1 | 0.0% | Cash | quarterly | - | 2015-02-10 | 2015-03-10 |
| 2014-11-06 | $1.1 | 0.0% | Cash | quarterly | - | 2014-11-10 | 2014-12-10 |
| 2014-08-06 | $1.1 | 0.0% | Cash | quarterly | - | 2014-08-08 | 2014-09-10 |
| 2014-05-07 | $1.1 | +15.8% | Cash | quarterly | - | 2014-05-09 | 2014-06-10 |
| 2014-02-06 | $0.95 | 0.0% | Cash | quarterly | - | 2014-02-10 | 2014-03-10 |
| 2013-11-06 | $0.95 | 0.0% | Cash | quarterly | - | 2013-11-08 | 2013-12-10 |
| 2013-08-07 | $0.95 | 0.0% | Cash | quarterly | - | 2013-08-09 | 2013-09-10 |
| 2013-05-08 | $0.95 | +11.8% | Cash | quarterly | - | 2013-05-10 | 2013-06-10 |
| 2013-02-06 | $0.85 | 0.0% | Cash | quarterly | - | 2013-02-08 | 2013-03-09 |
| 2012-11-07 | $0.85 | 0.0% | Cash | quarterly | - | 2012-11-09 | 2012-12-10 |
| 2012-08-08 | $0.85 | 0.0% | Cash | quarterly | - | 2012-08-10 | 2012-09-10 |
| 2012-05-08 | $0.85 | +13.3% | Cash | quarterly | - | 2012-05-10 | 2012-06-09 |
| 2012-02-08 | $0.75 | 0.0% | Cash | quarterly | - | 2012-02-10 | 2012-03-10 |
| 2011-11-08 | $0.75 | 0.0% | Cash | quarterly | - | 2011-11-10 | 2011-12-10 |
| 2011-08-08 | $0.75 | 0.0% | Cash | quarterly | - | 2011-08-10 | 2011-09-10 |
| 2011-05-06 | $0.75 | +15.4% | Cash | quarterly | - | 2011-05-10 | 2011-06-10 |
| 2011-02-08 | $0.65 | 0.0% | Cash | quarterly | - | 2011-02-10 | 2011-03-10 |
| 2010-11-08 | $0.65 | 0.0% | Cash | quarterly | - | 2010-11-10 | 2010-12-10 |
| 2010-08-06 | $0.65 | 0.0% | Cash | quarterly | - | 2010-08-10 | 2010-09-10 |
| 2010-05-06 | $0.65 | +18.2% | Cash | quarterly | - | 2010-05-10 | 2010-06-10 |
| 2010-02-08 | $0.55 | 0.0% | Cash | quarterly | - | 2010-02-10 | 2010-03-10 |
| 2009-11-06 | $0.55 | 0.0% | Cash | quarterly | - | 2009-11-10 | 2009-12-10 |
| 2009-08-06 | $0.55 | 0.0% | Cash | quarterly | - | 2009-08-10 | 2009-09-10 |
| 2009-05-06 | $0.55 | +10.0% | Cash | quarterly | - | 2009-05-08 | 2009-06-10 |
| 2009-02-06 | $0.5 | 0.0% | Cash | quarterly | - | 2009-02-10 | 2009-03-10 |
| 2008-11-06 | $0.5 | 0.0% | Cash | quarterly | - | 2008-11-10 | 2008-12-10 |
| 2008-08-06 | $0.5 | 0.0% | Cash | quarterly | - | 2008-08-08 | 2008-09-10 |
| 2008-05-07 | $0.5 | +25.0% | Cash | quarterly | - | 2008-05-09 | 2008-06-10 |
| 2008-02-06 | $0.4 | 0.0% | Cash | quarterly | - | 2008-02-08 | 2008-03-10 |
| 2007-11-07 | $0.4 | 0.0% | Cash | quarterly | - | 2007-11-09 | 2007-12-10 |
| 2007-08-08 | $0.4 | 0.0% | Cash | quarterly | - | 2007-08-10 | 2007-09-10 |
| 2007-05-08 | $0.4 | +33.3% | Cash | quarterly | - | 2007-05-10 | 2007-06-09 |
| 2007-02-07 | $0.3 | 0.0% | Cash | quarterly | - | 2007-02-09 | 2007-03-10 |
| 2006-11-08 | $0.3 | 0.0% | Cash | quarterly | - | 2006-11-10 | 2006-12-09 |
| 2006-08-08 | $0.3 | 0.0% | Cash | quarterly | - | 2006-08-10 | 2006-09-09 |
| 2006-05-08 | $0.3 | +50.0% | Cash | quarterly | - | 2006-05-10 | 2006-06-10 |
| 2006-02-08 | $0.2 | 0.0% | Cash | quarterly | - | 2006-02-10 | 2006-03-10 |
| 2005-11-08 | $0.2 | 0.0% | Cash | quarterly | - | 2005-11-10 | 2005-12-10 |
| 2005-08-08 | $0.2 | 0.0% | Cash | quarterly | - | 2005-08-10 | 2005-09-10 |
| 2005-05-06 | $0.2 | +11.1% | Cash | quarterly | - | 2005-05-10 | 2005-06-10 |
| 2005-02-08 | $0.18 | 0.0% | Cash | quarterly | - | 2005-02-10 | 2005-03-10 |
| 2004-11-08 | $0.18 | 0.0% | Cash | quarterly | - | 2004-11-10 | 2004-12-10 |
| 2004-08-06 | $0.18 | 0.0% | Cash | quarterly | - | 2004-08-10 | 2004-09-10 |
| 2004-05-06 | $0.18 | +12.5% | Cash | quarterly | - | 2004-05-10 | 2004-06-10 |
| 2004-02-06 | $0.16 | 0.0% | Cash | quarterly | - | 2004-02-10 | 2004-03-10 |
| 2003-11-06 | $0.16 | 0.0% | Cash | quarterly | - | 2003-11-10 | 2003-12-10 |
| 2003-08-06 | $0.16 | 0.0% | Cash | quarterly | - | 2003-08-08 | 2003-09-10 |
| 2003-05-07 | $0.16 | +6.7% | Cash | quarterly | - | 2003-05-09 | 2003-06-10 |
| 2003-02-06 | $0.15 | 0.0% | Cash | quarterly | - | 2003-02-10 | 2003-03-10 |
| 2002-11-06 | $0.15 | 0.0% | Cash | quarterly | - | 2002-11-08 | 2002-12-10 |
| 2002-08-07 | $0.15 | 0.0% | Cash | quarterly | - | 2002-08-09 | 2002-09-10 |
| 2002-05-08 | $0.15 | +7.1% | Cash | quarterly | - | 2002-05-10 | 2002-06-10 |
| 2002-02-06 | $0.14 | 0.0% | Cash | quarterly | - | 2002-02-08 | 2002-03-09 |
| 2001-11-07 | $0.14 | 0.0% | Cash | quarterly | - | 2001-11-09 | 2001-12-10 |
| 2001-08-08 | $0.14 | 0.0% | Cash | quarterly | - | 2001-08-10 | 2001-09-10 |
| 2001-05-08 | $0.14 | +7.7% | Cash | quarterly | - | 2001-05-10 | 2001-06-09 |
| 2001-02-07 | $0.13 | 0.0% | Cash | quarterly | - | 2001-02-09 | 2001-03-10 |
| 2000-11-08 | $0.13 | 0.0% | Cash | quarterly | - | 2000-11-10 | 2000-12-09 |
| 2000-08-08 | $0.13 | 0.0% | Cash | quarterly | - | 2000-08-10 | 2000-09-09 |
| 2000-05-08 | $0.13 | +8.3% | Cash | quarterly | - | 2000-05-10 | 2000-06-10 |
| 2000-02-08 | $0.12 | 0.0% | Cash | quarterly | - | 2000-02-10 | 2000-03-10 |
| 1999-11-08 | $0.12 | 0.0% | Cash | quarterly | - | 1999-11-10 | 1999-12-10 |
| 1999-08-06 | $0.12 | 0.0% | Cash | quarterly | - | 1999-08-10 | 1999-09-10 |
| 1999-05-06 | $0.12 | -45.5% | Cash | quarterly | - | 1999-05-10 | 1999-06-10 |
| 1999-02-08 | $0.22 | 0.0% | Cash | quarterly | - | 1999-02-10 | 1999-03-10 |
| 1998-11-06 | $0.22 | 0.0% | Cash | quarterly | - | 1998-11-10 | 1998-12-10 |
| 1998-08-06 | $0.22 | 0.0% | Cash | quarterly | - | 1998-08-10 | 1998-09-10 |
| 1998-05-06 | $0.22 | +10.0% | Cash | quarterly | - | 1998-05-08 | 1998-06-10 |
| 1998-02-06 | $0.2 | 0.0% | Cash | quarterly | - | 1998-02-10 | 1998-03-10 |
| 1997-11-06 | $0.2 | 0.0% | Cash | quarterly | - | 1997-11-10 | 1997-12-10 |
| 1997-08-07 | $0.2 | -50.0% | Cash | quarterly | - | 1997-08-11 | 1997-09-10 |
| 1997-05-07 | $0.4 | +14.3% | Cash | quarterly | - | 1997-05-09 | 1997-06-10 |
| 1997-02-06 | $0.35 | 0.0% | Cash | quarterly | - | 1997-02-10 | 1997-03-10 |
| 1996-11-06 | $0.35 | 0.0% | Cash | quarterly | - | 1996-11-08 | 1996-12-10 |
| 1996-08-07 | $0.35 | 0.0% | Cash | quarterly | - | 1996-08-09 | 1996-09-10 |
| 1996-05-08 | $0.35 | +40.0% | Cash | quarterly | - | 1996-05-10 | 1996-06-10 |
| 1996-02-07 | $0.25 | 0.0% | Cash | quarterly | - | 1996-02-09 | 1996-03-09 |
| 1995-11-08 | $0.25 | 0.0% | Cash | quarterly | - | 1995-11-10 | 1995-12-09 |
| 1995-08-08 | $0.25 | 0.0% | Cash | quarterly | - | 1995-08-10 | 1995-09-09 |
| 1995-05-04 | $0.25 | 0.0% | Cash | quarterly | - | 1995-05-10 | 1995-06-10 |
| 1995-02-06 | $0.25 | 0.0% | Cash | quarterly | - | 1995-02-10 | 1995-03-10 |
| 1994-11-04 | $0.25 | 0.0% | Cash | quarterly | - | 1994-11-10 | 1994-12-10 |
| 1994-08-04 | $0.25 | 0.0% | Cash | quarterly | - | 1994-08-10 | 1994-09-10 |
| 1994-05-05 | $0.25 | 0.0% | Cash | quarterly | - | 1994-05-11 | 1994-06-10 |
| 1994-02-04 | $0.25 | 0.0% | Cash | quarterly | - | 1994-02-10 | 1994-03-10 |
| 1993-11-04 | $0.25 | 0.0% | Cash | quarterly | - | 1993-11-10 | 1993-12-10 |
| 1993-08-05 | $0.25 | -53.7% | Cash | quarterly | - | 1993-08-11 | 1993-09-10 |
| 1993-05-06 | $0.54 | 0.0% | Cash | quarterly | - | 1993-05-12 | 1993-06-10 |
| 1993-02-04 | $0.54 | -55.4% | Cash | quarterly | - | 1993-02-10 | 1993-03-10 |
| 1992-11-05 | $1.21 | 0.0% | Cash | quarterly | - | 1992-11-12 | 1992-12-10 |
| 1992-08-06 | $1.21 | 0.0% | Cash | quarterly | - | 1992-08-12 | 1992-09-10 |
| 1992-05-07 | $1.21 | 0.0% | Cash | quarterly | - | 1992-05-13 | 1992-06-10 |
| 1992-02-06 | $1.21 | 0.0% | Cash | quarterly | - | 1992-02-12 | 1992-03-10 |
| 1991-11-04 | $1.21 | 0.0% | Cash | quarterly | - | 1991-11-08 | 1991-12-10 |
| 1991-08-06 | $1.21 | 0.0% | Cash | quarterly | - | 1991-08-12 | 1991-09-10 |
| 1991-05-06 | $1.21 | 0.0% | Cash | quarterly | - | 1991-05-10 | 1991-06-10 |
| 1991-02-04 | $1.21 | 0.0% | Cash | quarterly | - | 1991-02-08 | 1991-03-09 |
| 1990-11-05 | $1.21 | 0.0% | Cash | quarterly | - | 1990-11-09 | 1990-12-10 |
| 1990-08-06 | $1.21 | 0.0% | Cash | quarterly | - | 1990-08-10 | 1990-09-10 |
| 1990-05-04 | $1.21 | 0.0% | Cash | quarterly | - | 1990-05-10 | 1990-06-09 |
| 1990-02-05 | $1.21 | 0.0% | Cash | quarterly | - | 1990-02-09 | 1990-03-10 |
| 1989-11-02 | $1.21 | 0.0% | Cash | quarterly | - | 1989-11-08 | 1989-12-09 |
| 1989-08-03 | $1.21 | – | Cash | quarterly | - | 1989-08-09 | 1989-09-09 |
No splits on record.