Dividend Yield (TTM)
1.42%
vs 5Y avg 3.01% · 10Y avg — · price: vendor quote
Dividend Yield (Forward)
2.84%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.70
Forward (annualized): $3.40
Payout Ratio (EPS, TTM)
45.1%
Payout Ratio (FCF, TTM)
66.4%
Dividend CAGR (3Y / 5Y / 10Y)
3Y5.4%5Y11.9%10Y—
Consecutive Growth Years
5
as of 2025
Years Without a Cut
5
as of 2025
Total Shareholder Yield (TTM)
4.63%
Div 2.86% + Net buyback 1.78%
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)
4.6%
Dividends 2.9% + Net buybacks 1.8%
Net Buyback (TTM)
$5.08B
Gross $5.08B − Issuance $0
SBC (TTM)
$820M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (5.1% latest vs 5.7% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 3.28 | +5.1% | 1 | |
| 2024 | 3.12 | +5.4% | 1 | |
| 2023 | 2.96 | +5.7% | 1 | |
| 2022 | 2.80 | +6.1% | 1 | |
| 2021 | 2.64 | +41.2% | 1 | |
| 2020 | 1.87 | — | 1 |
Special dividends are excluded from these figures. Based on 24 regular payments.
Payment history (24 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-16 | $0.85 | 0.0% | Cash | quarterly | - | 2026-03-16 | 2026-04-07 |
| 2025-12-15 | $0.85 | +4.9% | Cash | quarterly | - | 2025-12-15 | 2026-01-08 |
| 2025-09-15 | $0.81 | 0.0% | Cash | quarterly | - | 2025-09-15 | 2025-10-07 |
| 2025-06-16 | $0.81 | 0.0% | Cash | quarterly | - | 2025-06-16 | 2025-07-08 |
| 2025-03-17 | $0.81 | 0.0% | Cash | quarterly | - | 2025-03-17 | 2025-04-07 |
| 2024-12-16 | $0.81 | +5.2% | Cash | quarterly | - | 2024-12-16 | 2025-01-08 |
| 2024-09-16 | $0.77 | 0.0% | Cash | quarterly | - | 2024-09-16 | 2024-10-07 |
| 2024-06-17 | $0.77 | 0.0% | Cash | quarterly | - | 2024-06-17 | 2024-07-08 |
| 2024-03-14 | $0.77 | 0.0% | Cash | quarterly | - | 2024-03-15 | 2024-04-05 |
| 2023-12-14 | $0.77 | +5.5% | Cash | quarterly | - | 2023-12-15 | 2024-01-08 |
| 2023-09-14 | $0.73 | 0.0% | Cash | quarterly | - | 2023-09-15 | 2023-10-06 |
| 2023-06-14 | $0.73 | 0.0% | Cash | quarterly | - | 2023-06-15 | 2023-07-10 |
| 2023-03-14 | $0.73 | 0.0% | Cash | quarterly | - | 2023-03-15 | 2023-04-10 |
| 2022-12-14 | $0.73 | +5.8% | Cash | quarterly | - | 2022-12-15 | 2023-01-09 |
| 2022-09-14 | $0.69 | 0.0% | Cash | quarterly | - | 2022-09-15 | 2022-10-07 |
| 2022-06-14 | $0.69 | 0.0% | Cash | quarterly | - | 2022-06-15 | 2022-07-08 |
| 2022-03-14 | $0.69 | 0.0% | Cash | quarterly | - | 2022-03-15 | 2022-04-07 |
| 2021-12-14 | $0.69 | +6.2% | Cash | quarterly | - | 2021-12-15 | 2022-01-07 |
| 2021-09-14 | $0.65 | 0.0% | Cash | quarterly | - | 2021-09-15 | 2021-10-07 |
| 2021-06-14 | $0.65 | 0.0% | Cash | quarterly | - | 2021-06-15 | 2021-07-07 |
| 2021-03-12 | $0.65 | 0.0% | Cash | quarterly | - | 2021-03-15 | 2021-04-07 |
| 2020-12-14 | $0.65 | +6.6% | Cash | quarterly | - | 2020-12-15 | 2021-01-08 |
| 2020-09-14 | $0.61 | 0.0% | Cash | quarterly | - | 2020-09-15 | 2020-10-07 |
| 2020-06-12 | $0.61 | – | Cash | quarterly | - | 2020-06-15 | 2020-07-07 |
No splits on record.