Dividend Yield (TTM)
1.81%
price: vendor quote
Dividend Yield (Forward)
2.45%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.57
Forward (annualized): $2.12
Payout Ratio (EPS, TTM)
62.5%
Payout Ratio (FCF, TTM)
62.7%
Dividend CAGR (3Y / 5Y / 10Y)
3Y—5Y—10Y4.4%
Consecutive Growth Years
3
as of 2025
Years Without a Cut
3
as of 2025
Total Shareholder Yield (TTM)
3.09%
Div 2.93% + Net buyback 0.16%
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.
No yield history available.
Capital returns
Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.
Total Shareholder Yield (TTM)
3.1%
Dividends 2.9% + Net buybacks 0.2%
Net Buyback (TTM)
$596M
Gross $937M − Issuance $341M
SBC (TTM)
$266M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 2.04 | +5.2% | 1 | |
| 2024 | 1.94 | +40.6% | 1 | |
| 2023 | 1.38 | — | 1 | |
| 2018 | 0.78 | -47.3% | 1 | |
| 2017 | 1.48 | +5.7% | 1 | |
| 2016 | 1.40 | +6.1% | 1 | |
| 2015 | 1.32 | +8.2% | 1 | |
| 2014 | 1.22 | +8.9% | 1 | |
| 2013 | 1.12 | -12.2% | 1 | |
| 2012 | 1.28 | -32.2% | 1 | |
| 2011 | 1.88 | +6.8% | 1 | |
| 2010 | 1.76 | +7.3% | 1 | |
| 2009 | 1.64 | +7.9% | 1 | |
| 2008 | 1.52 | +11.8% | 1 | |
| 2007 | 1.36 | +9.7% | 1 |
Special dividends are excluded from these figures. Based on 129 regular payments.
Payment history (129 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-06-15 | $0.53 | 0.0% | Cash | quarterly | 2026-05-29 | 2026-06-15 | 2026-07-01 |
| 2026-03-13 | $0.53 | +3.9% | Cash | quarterly | 2026-02-19 | 2026-03-13 | 2026-04-01 |
| 2025-12-01 | $0.51 | 0.0% | Cash | quarterly | 2025-10-16 | 2025-12-01 | 2025-12-15 |
| 2025-09-15 | $0.51 | 0.0% | Cash | quarterly | 2025-07-17 | 2025-09-15 | 2025-10-01 |
| 2025-06-13 | $0.51 | 0.0% | Cash | quarterly | 2025-05-01 | 2025-06-13 | 2025-07-01 |
| 2025-03-14 | $0.51 | +5.2% | Cash | quarterly | 2025-02-21 | 2025-03-14 | 2025-04-01 |
| 2024-11-29 | $0.485 | 0.0% | Cash | quarterly | 2024-10-18 | 2024-11-29 | 2024-12-16 |
| 2024-09-13 | $0.485 | 0.0% | Cash | quarterly | 2024-07-29 | 2024-09-13 | 2024-10-01 |
| 2024-06-14 | $0.485 | 0.0% | Cash | quarterly | 2024-05-01 | 2024-06-14 | 2024-07-01 |
| 2024-03-14 | $0.485 | +5.4% | Cash | quarterly | 2024-02-14 | 2024-03-15 | 2024-04-01 |
| 2023-11-30 | $0.46 | 0.0% | Cash | quarterly | 2023-10-19 | 2023-12-01 | 2023-12-15 |
| 2023-09-14 | $0.46 | 0.0% | Cash | quarterly | 2023-07-19 | 2023-09-15 | 2023-10-02 |
| 2023-06-15 | $0.46 | +17.9% | Cash | quarterly | 2023-04-26 | 2023-06-16 | 2023-07-03 |
| 2018-06-14 | $0.39 | 0.0% | Cash | quarterly | 2018-04-26 | 2018-06-15 | 2018-07-02 |
| 2018-03-14 | $0.39 | +5.4% | Cash | quarterly | 2018-02-15 | 2018-03-15 | 2018-04-02 |
| 2017-11-30 | $0.37 | 0.0% | Cash | quarterly | 2017-10-19 | 2017-12-01 | 2017-12-15 |
| 2017-09-14 | $0.37 | 0.0% | Cash | quarterly | 2017-07-20 | 2017-09-15 | 2017-10-02 |
| 2017-06-13 | $0.37 | 0.0% | Cash | quarterly | 2017-04-27 | 2017-06-15 | 2017-07-03 |
| 2017-03-13 | $0.37 | +5.7% | Cash | quarterly | 2017-02-21 | 2017-03-15 | 2017-04-03 |
| 2016-11-29 | $0.35 | 0.0% | Cash | quarterly | 2016-10-20 | 2016-12-01 | 2016-12-15 |
| 2016-09-13 | $0.35 | 0.0% | Cash | quarterly | 2016-08-24 | 2016-09-15 | 2016-10-03 |
| 2016-06-13 | $0.35 | 0.0% | Cash | quarterly | 2016-05-24 | 2016-06-15 | 2016-07-01 |
| 2016-03-11 | $0.35 | +6.1% | Cash | quarterly | 2016-02-18 | 2016-03-15 | 2016-04-01 |
| 2015-11-27 | $0.33 | 0.0% | Cash | quarterly | 2015-11-07 | 2015-12-01 | 2015-12-15 |
| 2015-09-11 | $0.33 | 0.0% | Cash | quarterly | 2015-07-15 | 2015-09-15 | 2015-10-01 |
| 2015-06-11 | $0.33 | 0.0% | Cash | quarterly | 2015-04-30 | 2015-06-15 | 2015-07-01 |
| 2015-03-12 | $0.33 | +8.2% | Cash | quarterly | 2015-02-19 | 2015-03-16 | 2015-04-01 |
| 2014-11-26 | $0.305 | 0.0% | Cash | quarterly | 2014-10-16 | 2014-12-01 | 2014-12-15 |
| 2014-09-11 | $0.305 | 0.0% | Cash | quarterly | 2014-07-15 | 2014-09-15 | 2014-10-01 |
| 2014-06-12 | $0.305 | 0.0% | Cash | quarterly | 2014-04-24 | 2014-06-16 | 2014-07-01 |
| 2014-03-12 | $0.305 | +8.9% | Cash | quarterly | 2014-02-20 | 2014-03-14 | 2014-04-01 |
| 2013-11-27 | $0.28 | 0.0% | Cash | quarterly | 2013-10-17 | 2013-12-02 | 2013-12-16 |
| 2013-09-12 | $0.28 | 0.0% | Cash | quarterly | 2013-07-18 | 2013-09-16 | 2013-10-01 |
| 2013-06-12 | $0.28 | 0.0% | Cash | quarterly | 2013-04-25 | 2013-06-14 | 2013-07-01 |
| 2013-03-13 | $0.28 | +9.8% | Cash | quarterly | 2013-02-21 | 2013-03-15 | 2013-04-01 |
| 2012-11-28 | $0.255 | 0.0% | Cash | quarterly | 2012-10-18 | 2012-11-30 | 2012-12-17 |
| 2012-09-12 | $0.255 | 0.0% | Cash | quarterly | 2012-07-31 | 2012-09-14 | 2012-10-01 |
| 2012-06-13 | $0.255 | -50.0% | Cash | quarterly | 2012-04-27 | 2012-06-15 | 2012-07-01 |
| 2012-03-13 | $0.51 | +8.5% | Cash | quarterly | 2012-02-17 | 2012-03-15 | 2012-04-01 |
| 2011-11-29 | $0.47 | 0.0% | Cash | quarterly | 2011-11-09 | 2011-12-01 | 2011-12-15 |
| 2011-09-13 | $0.47 | 0.0% | Cash | quarterly | 2011-08-24 | 2011-09-15 | 2011-10-01 |
| 2011-06-13 | $0.47 | 0.0% | Cash | quarterly | 2011-05-24 | 2011-06-15 | 2011-07-01 |
| 2011-03-11 | $0.47 | +6.8% | Cash | quarterly | 2011-02-19 | 2011-03-15 | 2011-04-01 |
| 2010-11-29 | $0.44 | 0.0% | Cash | quarterly | 2010-11-09 | 2010-12-01 | 2010-12-15 |
| 2010-09-13 | $0.44 | 0.0% | Cash | quarterly | 2010-07-23 | 2010-09-15 | 2010-10-01 |
| 2010-06-11 | $0.44 | 0.0% | Cash | quarterly | 2010-05-22 | 2010-06-15 | 2010-07-01 |
| 2010-03-11 | $0.44 | +7.3% | Cash | quarterly | 2010-02-19 | 2010-03-15 | 2010-04-01 |
| 2009-11-27 | $0.41 | 0.0% | Cash | quarterly | 2009-11-07 | 2009-12-01 | 2009-12-15 |
| 2009-09-11 | $0.41 | 0.0% | Cash | quarterly | 2009-08-22 | 2009-09-15 | 2009-10-01 |
| 2009-06-11 | $0.41 | 0.0% | Cash | quarterly | 2009-05-22 | 2009-06-15 | 2009-07-01 |
| 2009-03-11 | $0.41 | +7.9% | Cash | quarterly | 2009-02-19 | 2009-03-15 | 2009-04-01 |
| 2008-11-26 | $0.38 | 0.0% | Cash | quarterly | 2008-11-06 | 2008-12-01 | 2008-12-15 |
| 2008-09-11 | $0.38 | 0.0% | Cash | quarterly | 2008-08-22 | 2008-09-15 | 2008-10-01 |
| 2008-06-11 | $0.38 | 0.0% | Cash | quarterly | 2008-05-22 | 2008-06-15 | 2008-07-01 |
| 2008-03-12 | $0.38 | +11.8% | Cash | quarterly | 2008-02-21 | 2008-03-15 | 2008-04-01 |
| 2007-11-28 | $0.34 | 0.0% | Cash | quarterly | 2007-11-08 | 2007-12-01 | 2007-12-15 |
| 2007-09-12 | $0.34 | 0.0% | Cash | quarterly | 2007-08-23 | 2007-09-15 | 2007-10-01 |
| 2007-06-13 | $0.34 | 0.0% | Cash | quarterly | 2007-05-24 | 2007-06-15 | 2007-07-01 |
| 2007-03-13 | $0.34 | +9.7% | Cash | quarterly | 2007-02-21 | 2007-03-15 | 2007-04-01 |
| 2006-11-29 | $0.31 | 0.0% | Cash | quarterly | 2006-11-09 | 2006-12-01 | 2006-12-15 |
| 2006-09-13 | $0.31 | 0.0% | Cash | quarterly | 2006-08-24 | 2006-09-15 | 2006-10-01 |
| 2006-06-13 | $0.31 | 0.0% | Cash | quarterly | 2006-05-24 | 2006-06-15 | 2006-07-01 |
| 2006-03-13 | $0.31 | +10.7% | Cash | quarterly | 2006-02-21 | 2006-03-15 | 2006-04-01 |
| 2005-11-29 | $0.28 | 0.0% | Cash | quarterly | 2005-11-09 | 2005-12-01 | 2005-12-15 |
| 2005-09-13 | $0.28 | 0.0% | Cash | quarterly | 2005-08-24 | 2005-09-15 | 2005-10-01 |
| 2005-06-13 | $0.28 | 0.0% | Cash | quarterly | 2005-05-24 | 2005-06-15 | 2005-07-01 |
| 2005-03-11 | $0.28 | +12.0% | Cash | quarterly | 2005-02-19 | 2005-03-15 | 2005-04-01 |
| 2004-11-29 | $0.25 | 0.0% | Cash | quarterly | 2004-11-09 | 2004-12-01 | 2004-12-15 |
| 2004-09-13 | $0.25 | 0.0% | Cash | quarterly | 2004-08-24 | 2004-09-15 | 2004-10-01 |
| 2004-06-14 | $0.25 | 0.0% | Cash | quarterly | 2004-05-25 | 2004-06-15 | 2004-07-01 |
| 2004-03-11 | $0.25 | +13.6% | Cash | quarterly | 2004-02-20 | 2004-03-15 | 2004-04-01 |
| 2003-11-26 | $0.22 | 0.0% | Cash | quarterly | 2003-11-06 | 2003-12-01 | 2003-12-15 |
| 2003-09-11 | $0.22 | 0.0% | Cash | quarterly | 2003-08-22 | 2003-09-15 | 2003-10-01 |
| 2003-06-11 | $0.22 | 0.0% | Cash | quarterly | 2003-05-22 | 2003-06-15 | 2003-07-01 |
| 2003-03-12 | $0.22 | +10.0% | Cash | quarterly | 2003-02-20 | 2003-03-15 | 2003-04-01 |
| 2002-11-26 | $0.2 | 0.0% | Cash | quarterly | 2002-11-06 | 2002-12-01 | 2002-12-15 |
| 2002-09-11 | $0.2 | 0.0% | Cash | quarterly | 2002-08-22 | 2002-09-15 | 2002-10-01 |
| 2002-06-12 | $0.2 | 0.0% | Cash | quarterly | 2002-05-23 | 2002-06-15 | 2002-07-01 |
| 2002-03-13 | $0.2 | +11.1% | Cash | quarterly | 2002-02-21 | 2002-03-15 | 2002-04-01 |
| 2001-11-28 | $0.18 | 0.0% | Cash | quarterly | 2001-11-08 | 2001-12-01 | 2001-12-15 |
| 2001-09-12 | $0.18 | 0.0% | Cash | quarterly | 2001-08-23 | 2001-09-15 | 2001-10-01 |
| 2001-06-13 | $0.18 | 0.0% | Cash | quarterly | 2001-05-24 | 2001-06-15 | 2001-07-01 |
| 2001-03-13 | $0.18 | +5.9% | Cash | quarterly | 2001-02-21 | 2001-03-15 | 2001-04-01 |
| 2000-11-29 | $0.17 | 0.0% | Cash | quarterly | 2000-11-09 | 2000-12-01 | 2000-12-15 |
| 2000-09-13 | $0.17 | 0.0% | Cash | quarterly | 2000-08-24 | 2000-09-15 | 2000-10-01 |
| 2000-06-13 | $0.17 | 0.0% | Cash | quarterly | 2000-05-24 | 2000-06-15 | 2000-07-01 |
| 2000-03-13 | $0.17 | +6.3% | Cash | quarterly | 2000-02-22 | 2000-03-15 | 2000-04-01 |
| 1999-11-29 | $0.16 | 0.0% | Cash | quarterly | 1999-11-09 | 1999-12-01 | 1999-12-15 |
| 1999-09-13 | $0.16 | 0.0% | Cash | quarterly | 1999-08-24 | 1999-09-15 | 1999-10-01 |
| 1999-06-11 | $0.16 | 0.0% | Cash | quarterly | 1999-05-22 | 1999-06-15 | 1999-07-01 |
| 1999-03-11 | $0.16 | +6.7% | Cash | quarterly | 1999-02-19 | 1999-03-15 | 1999-04-01 |
| 1998-11-27 | $0.15 | 0.0% | Cash | quarterly | 1998-11-07 | 1998-12-01 | 1998-12-15 |
| 1998-09-11 | $0.15 | 0.0% | Cash | quarterly | 1998-08-22 | 1998-09-15 | 1998-10-01 |
| 1998-06-11 | $0.15 | 0.0% | Cash | quarterly | 1998-05-22 | 1998-06-15 | 1998-07-01 |
| 1998-03-11 | $0.15 | +7.1% | Cash | quarterly | 1998-02-19 | 1998-03-15 | 1998-04-01 |
| 1997-11-26 | $0.14 | 0.0% | Cash | quarterly | 1997-11-06 | 1997-12-01 | 1997-12-15 |
| 1997-09-11 | $0.14 | 0.0% | Cash | quarterly | 1997-08-22 | 1997-09-15 | 1997-10-01 |
| 1997-06-11 | $0.14 | 0.0% | Cash | quarterly | 1997-05-22 | 1997-06-15 | 1997-07-01 |
| 1997-03-12 | $0.14 | +12.0% | Cash | quarterly | 1997-02-20 | 1997-03-15 | 1997-04-01 |
| 1996-11-26 | $0.125 | 0.0% | Cash | quarterly | 1996-11-06 | 1996-12-01 | 1996-12-15 |
| 1996-09-11 | $0.125 | 0.0% | Cash | quarterly | 1996-08-22 | 1996-09-15 | 1996-10-01 |
| 1996-06-12 | $0.125 | -50.0% | Cash | quarterly | 1996-05-23 | 1996-06-15 | 1996-07-01 |
| 1996-03-13 | $0.25 | +13.6% | Cash | quarterly | 1996-02-22 | 1996-03-15 | 1996-04-01 |
| 1995-11-29 | $0.22 | 0.0% | Cash | quarterly | 1995-11-09 | 1995-12-01 | 1995-12-15 |
| 1995-09-13 | $0.22 | 0.0% | Cash | quarterly | 1995-08-24 | 1995-09-15 | 1995-10-01 |
| 1995-06-13 | $0.22 | 0.0% | Cash | quarterly | 1995-05-24 | 1995-06-15 | 1995-07-01 |
| 1995-03-09 | $0.22 | +12.8% | Cash | quarterly | 1995-02-17 | 1995-03-15 | 1995-04-01 |
| 1994-11-25 | $0.195 | 0.0% | Cash | quarterly | 1994-11-05 | 1994-12-01 | 1994-12-15 |
| 1994-09-09 | $0.195 | 0.0% | Cash | quarterly | 1994-08-20 | 1994-09-15 | 1994-10-01 |
| 1994-06-09 | $0.195 | 0.0% | Cash | quarterly | 1994-05-20 | 1994-06-15 | 1994-07-01 |
| 1994-03-09 | $0.195 | +14.7% | Cash | quarterly | 1994-02-17 | 1994-03-15 | 1994-04-01 |
| 1993-11-24 | $0.17 | 0.0% | Cash | quarterly | 1993-11-04 | 1993-12-01 | 1993-12-15 |
| 1993-09-09 | $0.17 | 0.0% | Cash | quarterly | 1993-08-20 | 1993-09-15 | 1993-10-01 |
| 1993-06-09 | $0.17 | 0.0% | Cash | quarterly | 1993-05-20 | 1993-06-15 | 1993-07-01 |
| 1993-03-09 | $0.17 | +21.4% | Cash | quarterly | 1993-02-17 | 1993-03-15 | 1993-04-01 |
| 1992-11-24 | $0.14 | 0.0% | Cash | quarterly | 1992-11-04 | 1992-12-01 | 1992-12-15 |
| 1992-09-09 | $0.14 | 0.0% | Cash | quarterly | 1992-08-20 | 1992-09-15 | 1992-10-01 |
| 1992-06-09 | $0.14 | -50.0% | Cash | quarterly | 1992-05-20 | 1992-06-15 | 1992-07-01 |
| 1992-03-09 | $0.28 | +16.7% | Cash | quarterly | 1992-02-18 | 1992-03-15 | 1992-04-01 |
| 1991-11-22 | $0.24 | 0.0% | Cash | quarterly | 1991-11-02 | 1991-12-01 | 1991-12-15 |
| 1991-09-09 | $0.24 | 0.0% | Cash | quarterly | 1991-08-20 | 1991-09-15 | 1991-10-01 |
| 1991-06-10 | $0.24 | 0.0% | Cash | quarterly | 1991-05-21 | 1991-06-15 | 1991-07-01 |
| 1991-03-11 | $0.24 | +20.0% | Cash | quarterly | 1991-02-19 | 1991-03-15 | 1991-04-01 |
| 1990-11-26 | $0.2 | 0.0% | Cash | quarterly | 1990-11-06 | 1990-11-30 | 1990-12-15 |
| 1990-09-10 | $0.2 | 0.0% | Cash | quarterly | 1990-08-21 | 1990-09-14 | 1990-10-01 |
| 1990-06-11 | $0.2 | -50.0% | Cash | quarterly | 1990-05-22 | 1990-06-15 | 1990-07-01 |
| 1990-03-09 | $0.4 | +17.6% | Cash | quarterly | 1990-02-17 | 1990-03-15 | 1990-04-01 |
| 1989-11-27 | $0.34 | 0.0% | Cash | quarterly | 1989-11-07 | 1989-12-01 | 1989-12-15 |
| 1989-09-11 | $0.34 | – | Cash | quarterly | 1989-08-22 | 1989-09-15 | 1989-10-01 |
No splits on record.