Dividend Yield (TTM)
1.73%
vs 5Y avg 3.11% · 10Y avg 3.56%
Dividend Yield (Forward)
3.45%
4 payments/yr (spacing)
Dividends / Share (TTM)
$0.84
Forward (annualized): $1.68
Payout Ratio (EPS, TTM)
36.7%
Payout Ratio (FCF, TTM)
46.0%
Dividend CAGR (3Y / 5Y / 10Y)
3Y12.4%5Y8.9%10Y—
Consecutive Growth Years
7
as of 2025
Years Without a Cut
7
as of 2025
Total Shareholder Yield (TTM)
15.14%
Div 5.01% + Net buyback 10.12%
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)
15.1%
Dividends 5.0% + Net buybacks 10.1%
Net Buyback (TTM)
$414M
Gross $414M − Issuance $0
SBC (TTM)
$28M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (14.4% latest vs 9.2% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.59 | +14.4% | 1 | |
| 2024 | 1.39 | +13.9% | 1 | |
| 2023 | 1.22 | +8.9% | 1 | |
| 2022 | 1.12 | +4.7% | 1 | |
| 2021 | 1.07 | +2.9% | 1 | |
| 2020 | 1.04 | +1.0% | 0 | |
| 2019 | 1.03 | +4.0% | 1 | |
| 2018 | 0.99 | — | 1 |
Special dividends are excluded from these figures. Based on 33 regular payments.
Payment history (33 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-04 | $0.42 | 0.0% | Cash | quarterly | - | 2026-03-04 | 2026-04-06 |
| 2025-12-04 | $0.42 | 0.0% | Cash | quarterly | - | 2025-12-04 | 2026-01-06 |
| 2025-09-04 | $0.42 | +12.0% | Cash | quarterly | - | 2025-09-04 | 2025-10-06 |
| 2025-06-04 | $0.375 | 0.0% | Cash | quarterly | - | 2025-06-04 | 2025-07-03 |
| 2025-03-04 | $0.375 | 0.0% | Cash | quarterly | - | 2025-03-04 | 2025-04-03 |
| 2024-12-05 | $0.375 | 0.0% | Cash | quarterly | - | 2024-12-05 | 2025-01-06 |
| 2024-09-05 | $0.375 | +17.2% | Cash | quarterly | - | 2024-09-05 | 2024-10-03 |
| 2024-06-05 | $0.32 | 0.0% | Cash | quarterly | - | 2024-06-05 | 2024-07-03 |
| 2024-03-04 | $0.32 | 0.0% | Cash | quarterly | - | 2024-03-05 | 2024-04-03 |
| 2023-12-04 | $0.32 | 0.0% | Cash | quarterly | - | 2023-12-05 | 2024-01-04 |
| 2023-09-06 | $0.32 | +10.3% | Cash | quarterly | - | 2023-09-07 | 2023-10-04 |
| 2023-06-06 | $0.29 | 0.0% | Cash | quarterly | - | 2023-06-07 | 2023-07-06 |
| 2023-03-06 | $0.29 | 0.0% | Cash | quarterly | - | 2023-03-07 | 2023-04-05 |
| 2022-12-05 | $0.29 | 0.0% | Cash | quarterly | - | 2022-12-06 | 2023-01-03 |
| 2022-09-07 | $0.29 | +7.4% | Cash | quarterly | - | 2022-09-08 | 2022-10-03 |
| 2022-06-07 | $0.27 | 0.0% | Cash | quarterly | - | 2022-06-08 | 2022-07-01 |
| 2022-03-07 | $0.27 | 0.0% | Cash | quarterly | - | 2022-03-08 | 2022-04-01 |
| 2021-12-03 | $0.27 | 0.0% | Cash | quarterly | - | 2021-12-06 | 2022-01-03 |
| 2021-09-09 | $0.27 | 0.0% | Cash | quarterly | - | 2021-09-10 | 2021-10-01 |
| 2021-06-24 | $0.27 | +3.8% | Cash | quarterly | - | 2021-06-25 | 2021-07-01 |
| 2021-03-15 | $0.26 | 0.0% | Cash | quarterly | - | 2021-03-16 | 2021-04-01 |
| 2020-12-04 | $0.26 | 0.0% | Cash | quarterly | - | 2020-12-07 | 2021-01-04 |
| 2020-09-10 | $0.26 | 0.0% | Cash | quarterly | - | 2020-09-11 | 2020-10-01 |
| 2020-06-25 | $0.26 | 0.0% | Cash | quarterly | - | 2020-06-26 | 2020-07-01 |
| 2020-03-16 | $0.26 | 0.0% | Cash | quarterly | - | 2020-03-17 | 2020-04-01 |
| 2019-12-06 | $0.26 | 0.0% | Cash | quarterly | - | 2019-12-09 | 2020-01-02 |
| 2019-09-12 | $0.26 | 0.0% | Cash | quarterly | - | 2019-09-13 | 2019-10-01 |
| 2019-06-20 | $0.26 | +4.0% | Cash | quarterly | - | 2019-06-21 | 2019-07-01 |
| 2019-03-15 | $0.25 | 0.0% | Cash | quarterly | - | 2019-03-18 | 2019-04-01 |
| 2018-11-30 | $0.25 | 0.0% | Cash | quarterly | - | 2018-12-03 | 2019-01-02 |
| 2018-09-11 | $0.25 | 0.0% | Cash | quarterly | - | 2018-09-12 | 2018-10-01 |
| 2018-06-21 | $0.25 | +4.2% | Cash | quarterly | - | 2018-06-22 | 2018-07-02 |
| 2018-03-12 | $0.24 | – | Cash | quarterly | - | 2018-03-13 | 2018-04-02 |
No splits on record.