Dividend Yield (TTM)
0.87%
vs 5Y avg 1.40% · 10Y avg 1.72% · price: vendor quote
Dividend Yield (Forward)
1.20%
4 payments/yr (spacing)
Dividends / Share (TTM)
$4.90
Forward (annualized): $6.80
Payout Ratio (EPS, TTM)
15.7%
Payout Ratio (FCF, TTM)
7.7%
Dividend CAGR (3Y / 5Y / 10Y)
3Y8.8%5Y9.0%10Y—
Consecutive Growth Years
7
as of 2025
Years Without a Cut
7
as of 2025
Total Shareholder Yield (TTM)
7.64%
Div 1.19% + Net buyback 6.45%
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)
7.6%
Dividends 1.2% + Net buybacks 6.4%
Net Buyback (TTM)
$3.25B
Gross $3.25B − Issuance $0
SBC (TTM)
$200M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (8.5% latest vs 9.3% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 6.28 | +8.5% | 1 | |
| 2024 | 5.79 | +9.2% | 1 | |
| 2023 | 5.30 | +8.6% | 1 | |
| 2022 | 4.88 | +10.2% | 1 | |
| 2021 | 4.43 | +8.3% | 1 | |
| 2020 | 4.09 | +7.3% | 1 | |
| 2019 | 3.81 | +7.9% | 1 | |
| 2018 | 3.53 | — | 1 |
Special dividends are excluded from these figures. Based on 34 regular payments.
Payment history (34 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-05-05 | $1.7 | +6.3% | Cash | quarterly | 2026-04-23 | 2026-05-04 | 2026-05-22 |
| 2026-02-09 | $1.6 | 0.0% | Cash | quarterly | 2026-01-29 | 2026-02-09 | 2026-02-27 |
| 2025-11-10 | $1.6 | 0.0% | Cash | quarterly | 2025-10-30 | 2025-11-10 | 2025-11-24 |
| 2025-08-04 | $1.6 | 0.0% | Cash | quarterly | 2025-07-24 | 2025-08-04 | 2025-08-18 |
| 2025-05-06 | $1.6 | +8.1% | Cash | quarterly | 2025-04-24 | 2025-05-05 | 2025-05-19 |
| 2025-02-10 | $1.48 | 0.0% | Cash | quarterly | 2025-01-29 | 2025-02-10 | 2025-02-28 |
| 2024-11-04 | $1.48 | 0.0% | Cash | quarterly | 2024-10-23 | 2024-11-04 | 2024-11-15 |
| 2024-08-05 | $1.48 | 0.0% | Cash | quarterly | 2024-07-24 | 2024-08-05 | 2024-08-16 |
| 2024-05-03 | $1.48 | +9.6% | Cash | quarterly | 2024-04-22 | 2024-05-06 | 2024-05-17 |
| 2024-02-08 | $1.35 | 0.0% | Cash | quarterly | 2024-01-24 | 2024-02-09 | 2024-02-27 |
| 2023-11-03 | $1.35 | 0.0% | Cash | quarterly | 2023-10-25 | 2023-11-06 | 2023-11-17 |
| 2023-08-04 | $1.35 | 0.0% | Cash | quarterly | 2023-07-26 | 2023-08-07 | 2023-08-18 |
| 2023-05-05 | $1.35 | +8.0% | Cash | quarterly | 2023-04-24 | 2023-05-08 | 2023-05-19 |
| 2023-02-09 | $1.25 | 0.0% | Cash | quarterly | 2023-01-25 | 2023-02-10 | 2023-02-28 |
| 2022-11-04 | $1.25 | 0.0% | Cash | quarterly | 2022-10-25 | 2022-11-07 | 2022-11-18 |
| 2022-08-05 | $1.25 | 0.0% | Cash | quarterly | 2022-07-26 | 2022-08-08 | 2022-08-19 |
| 2022-05-06 | $1.25 | +10.6% | Cash | quarterly | 2022-04-25 | 2022-05-09 | 2022-05-20 |
| 2022-02-10 | $1.13 | 0.0% | Cash | quarterly | 2022-01-26 | 2022-02-11 | 2022-02-28 |
| 2021-11-05 | $1.13 | 0.0% | Cash | quarterly | 2021-10-26 | 2021-11-08 | 2021-11-19 |
| 2021-08-06 | $1.13 | 0.0% | Cash | quarterly | 2021-07-26 | 2021-08-09 | 2021-08-20 |
| 2021-05-07 | $1.13 | +8.7% | Cash | quarterly | 2021-04-26 | 2021-05-10 | 2021-05-21 |
| 2021-02-11 | $1.04 | 0.0% | Cash | quarterly | 2021-01-27 | 2021-02-12 | 2021-02-26 |
| 2020-11-06 | $1.04 | 0.0% | Cash | quarterly | 2020-10-28 | 2020-11-09 | 2020-11-20 |
| 2020-08-07 | $1.04 | 0.0% | Cash | quarterly | 2020-07-29 | 2020-08-10 | 2020-08-21 |
| 2020-05-15 | $1.04 | +7.2% | Cash | quarterly | 2020-05-06 | 2020-05-18 | 2020-05-29 |
| 2020-02-13 | $0.97 | 0.0% | Cash | quarterly | 2020-01-29 | 2020-02-14 | 2020-02-28 |
| 2019-11-01 | $0.97 | 0.0% | Cash | quarterly | 2019-10-23 | 2019-11-04 | 2019-11-15 |
| 2019-08-02 | $0.97 | 0.0% | Cash | quarterly | 2019-07-24 | 2019-08-05 | 2019-08-16 |
| 2019-05-03 | $0.97 | +7.8% | Cash | quarterly | 2019-04-24 | 2019-05-06 | 2019-05-17 |
| 2019-02-14 | $0.9 | 0.0% | Cash | quarterly | 2019-01-30 | 2019-02-15 | 2019-02-28 |
| 2018-11-02 | $0.9 | 0.0% | Cash | quarterly | 2018-10-23 | 2018-11-05 | 2018-11-16 |
| 2018-08-03 | $0.9 | 0.0% | Cash | quarterly | 2018-07-24 | 2018-08-06 | 2018-08-17 |
| 2018-05-04 | $0.9 | +8.4% | Cash | quarterly | 2018-04-23 | 2018-05-07 | 2018-05-18 |
| 2018-02-15 | $0.83 | – | Cash | quarterly | 2018-01-24 | 2018-02-16 | 2018-02-28 |
No splits on record.