Dividend Yield (TTM)
2.46%
vs 5Y avg 1.88% · 10Y avg 1.23%
Dividend Yield (Forward)
2.54%
4 payments/yr (spacing)
Dividends / Share (TTM)
$4.85
Forward (annualized): $5.00
Payout Ratio (EPS, TTM)
41.0%
Payout Ratio (FCF, TTM)
38.8%
Dividend CAGR (3Y / 5Y / 10Y)
3Y8.3%5Y32.5%10Y—
Consecutive Growth Years
5
as of 2025
Years Without a Cut
5
as of 2025
Total Shareholder Yield (TTM)
2.83%
Div 2.42% + Net buyback 0.42%
Growth, streak and CAGR figures exclude special dividends.
Upcoming dividend
$1.25 per shareTodayOct 19, 2026
Ex-dividendOct 21, 2026in 2 days
PaymentNov 4, 2026in 16 days
Own the stock before Oct 21, 2026 to receive this payment.
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)
2.8%
Dividends 2.4% + Net buybacks 0.4%
Net Buyback (TTM)
$464M
Gross $464M − Issuance $0
SBC (TTM)
$262M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (4.4% latest vs 17.7% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 4.70 | +4.4% | 1 | |
| 2024 | 4.50 | +4.7% | 1 | |
| 2023 | 4.30 | +16.2% | 1 | |
| 2022 | 3.70 | +32.1% | 1 | |
| 2021 | 2.80 | +143.5% | 1 | |
| 2020 | 1.15 | — | 1 |
Special dividends are excluded from these figures. Based on 25 regular payments.
Payment history (26 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-10-21 | $1.25 | 0.0% | Cash | quarterly | 2026-08-28 | 2026-10-21 | 2026-11-04 |
| 2026-07-22 | $1.25 | +4.2% | Cash | quarterly | 2026-05-29 | 2026-07-22 | 2026-08-05 |
| 2026-04-22 | $1.2 | 0.0% | Cash | quarterly | 2026-03-19 | 2026-04-22 | 2026-05-06 |
| 2026-01-21 | $1.2 | 0.0% | Cash | quarterly | 2025-11-14 | 2026-01-21 | 2026-02-04 |
| 2025-10-22 | $1.2 | 0.0% | Cash | quarterly | 2025-08-29 | 2025-10-22 | 2025-11-05 |
| 2025-07-23 | $1.2 | +4.3% | Cash | quarterly | 2025-05-30 | 2025-07-23 | 2025-08-06 |
| 2025-04-23 | $1.15 | 0.0% | Cash | quarterly | 2025-03-21 | 2025-04-23 | 2025-05-07 |
| 2025-01-22 | $1.15 | 0.0% | Cash | quarterly | 2024-11-15 | 2025-01-22 | 2025-02-05 |
| 2024-10-23 | $1.15 | 0.0% | Cash | quarterly | 2024-08-30 | 2024-10-23 | 2024-11-06 |
| 2024-07-24 | $1.15 | +4.5% | Cash | quarterly | 2024-05-31 | 2024-07-24 | 2024-08-07 |
| 2024-04-23 | $1.1 | 0.0% | Cash | quarterly | 2024-03-22 | 2024-04-24 | 2024-05-08 |
| 2024-01-23 | $1.1 | 0.0% | Cash | quarterly | 2023-11-10 | 2024-01-24 | 2024-02-07 |
| 2023-10-24 | $1.1 | 0.0% | Cash | quarterly | 2023-08-18 | 2023-10-25 | 2023-11-08 |
| 2023-07-25 | $1.1 | +4.8% | Cash | quarterly | 2023-05-26 | 2023-07-26 | 2023-08-09 |
| 2023-04-25 | $1.05 | 0.0% | Cash | quarterly | 2023-03-27 | 2023-04-26 | 2023-05-10 |
| 2023-01-24 | $1.05 | 0.0% | Cash | quarterly | 2022-11-11 | 2023-01-25 | 2023-02-08 |
| 2022-10-18 | $1.05 | 0.0% | Cash | quarterly | 2022-08-26 | 2022-10-19 | 2022-11-02 |
| 2022-07-19 | $1.05 | +31.3% | Cash | quarterly | 2022-05-27 | 2022-07-20 | 2022-08-03 |
| 2022-04-19 | $0.8 | 0.0% | Cash | quarterly | 2022-03-18 | 2022-04-20 | 2022-05-04 |
| 2022-01-18 | $0.8 | 0.0% | Cash | quarterly | 2021-11-12 | 2022-01-19 | 2022-02-02 |
| 2021-10-19 | $0.8 | 0.0% | Cash | quarterly | 2021-08-27 | 2021-10-20 | 2021-11-03 |
| 2021-07-20 | $0.8 | +33.3% | Cash | quarterly | 2021-05-27 | 2021-07-21 | 2021-08-04 |
| 2021-04-20 | $0.6 | 0.0% | Cash | quarterly | 2021-03-19 | 2021-04-21 | 2021-05-05 |
| 2021-01-19 | $0.6 | 0.0% | Cash | quarterly | 2020-11-13 | 2021-01-20 | 2021-02-03 |
| 2020-10-20 | $0.6 | +9.1% | Cash | quarterly | 2020-08-21 | 2020-10-21 | 2020-11-04 |
| 2020-07-21 | $0.55 | – | Cash | quarterly | 2020-05-28 | 2020-07-22 | 2020-08-05 |
No splits on record.