Dividend Yield (TTM)
0.79%
vs 5Y avg 1.56% · 10Y avg 1.49%
Dividend Yield (Forward)
1.58%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.60
Forward (annualized): $3.20
Payout Ratio (EPS, TTM)
87.8%
Payout Ratio (FCF, TTM)
5.4%
Dividend CAGR (3Y / 5Y / 10Y)
3Y2.7%5Y21.1%10Y—
Consecutive Growth Years
1
as of 2025
Years Without a Cut
5
as of 2025
Total Shareholder Yield (TTM)
4.49%
Div 1.45% + Net buyback 3.04%
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)
4.5%
Dividends 1.5% + Net buybacks 3.0%
Net Buyback (TTM)
$3.70B
Gross $4.10B − Issuance $400M
SBC (TTM)
$776M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (8.3% latest vs 23.8% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 2.60 | +8.3% | 1 | |
| 2024 | 2.40 | 0.0% | 0 | |
| 2023 | 2.40 | 0.0% | 0 | |
| 2022 | 2.40 | +71.4% | 0 | |
| 2021 | 1.40 | +40.0% | 2 | |
| 2020 | 1.00 | -37.5% | 0 | |
| 2019 | 1.60 | 0.0% | 0 | |
| 2018 | 1.60 | — | 0 |
Special dividends are excluded from these figures. Based on 32 regular payments.
Payment history (33 payments · 1 special)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-19 | $0.8 | 0.0% | Cash | quarterly | - | 2026-02-19 | 2026-03-02 |
| 2025-11-17 | $0.8 | +33.3% | Cash | quarterly | - | 2025-11-17 | 2025-12-01 |
| 2025-08-15 | $0.6 | 0.0% | Cash | quarterly | - | 2025-08-15 | 2025-09-02 |
| 2025-05-23 | $0.6 | 0.0% | Cash | quarterly | - | 2025-05-23 | 2025-06-05 |
| 2025-02-18 | $0.6 | 0.0% | Cash | quarterly | - | 2025-02-18 | 2025-03-03 |
| 2024-11-14 | $0.6 | 0.0% | Cash | quarterly | - | 2024-11-14 | 2024-11-22 |
| 2024-08-12 | $0.6 | 0.0% | Cash | quarterly | - | 2024-08-12 | 2024-08-23 |
| 2024-05-10 | $0.6 | 0.0% | Cash | quarterly | - | 2024-05-13 | 2024-05-24 |
| 2024-02-09 | $0.6 | 0.0% | Cash | quarterly | - | 2024-02-12 | 2024-02-23 |
| 2023-11-10 | $0.6 | 0.0% | Cash | quarterly | - | 2023-11-13 | 2023-11-24 |
| 2023-08-04 | $0.6 | 0.0% | Cash | quarterly | - | 2023-08-07 | 2023-08-18 |
| 2023-05-12 | $0.6 | 0.0% | Cash | quarterly | - | 2023-05-15 | 2023-05-26 |
| 2023-02-03 | $0.6 | 0.0% | Cash | quarterly | - | 2023-02-06 | 2023-02-17 |
| 2022-11-10 | $0.6 | 0.0% | Cash | quarterly | - | 2022-11-14 | 2022-11-25 |
| 2022-08-05 | $0.6 | 0.0% | Cash | quarterly | - | 2022-08-08 | 2022-08-19 |
| 2022-05-13 | $0.6 | 0.0% | Cash | quarterly | - | 2022-05-16 | 2022-05-27 |
| 2022-02-11 | $0.6 | 0.0% | Cash | quarterly | - | 2022-02-14 | 2022-02-25 |
| 2021-11-12 | $0.6 | +50.0% | Cash | quarterly | - | 2021-11-15 | 2021-11-26 |
| 2021-08-06 | $0.6 | – | Special | — | - | 2021-08-09 | 2021-08-20 |
| 2021-05-14 | $0.4 | 0.0% | Cash | quarterly | - | 2021-05-17 | 2021-05-28 |
| 2021-02-16 | $0.4 | +300.0% | Cash | quarterly | - | 2021-02-17 | 2021-03-01 |
| 2020-11-06 | $0.1 | 0.0% | Cash | quarterly | - | 2020-11-09 | 2020-11-19 |
| 2020-08-07 | $0.1 | -75.0% | Cash | quarterly | - | 2020-08-10 | 2020-08-20 |
| 2020-05-07 | $0.4 | 0.0% | Cash | quarterly | - | 2020-05-11 | 2020-05-21 |
| 2020-02-07 | $0.4 | 0.0% | Cash | quarterly | - | 2020-02-10 | 2020-02-21 |
| 2019-11-08 | $0.4 | 0.0% | Cash | quarterly | - | 2019-11-12 | 2019-11-22 |
| 2019-08-02 | $0.4 | 0.0% | Cash | quarterly | - | 2019-08-05 | 2019-08-15 |
| 2019-05-10 | $0.4 | 0.0% | Cash | quarterly | - | 2019-05-13 | 2019-05-23 |
| 2019-02-08 | $0.4 | 0.0% | Cash | quarterly | - | 2019-02-11 | 2019-02-22 |
| 2018-11-08 | $0.4 | 0.0% | Cash | quarterly | - | 2018-11-12 | 2018-11-23 |
| 2018-08-03 | $0.4 | 0.0% | Cash | quarterly | - | 2018-08-06 | 2018-08-16 |
| 2018-05-11 | $0.4 | 0.0% | Cash | quarterly | - | 2018-05-14 | 2018-05-24 |
| 2018-02-09 | $0.4 | – | Cash | quarterly | - | 2018-02-12 | 2018-02-23 |
No splits on record.