Dividend Yield (TTM)
1.40%
vs 5Y avg 2.96% · 10Y avg 2.81%
Dividend Yield (Forward)
2.80%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.00
Forward (annualized): $6.00
Payout Ratio (EPS, TTM)
33.4%
Payout Ratio (FCF, TTM)
31.6%
Dividend CAGR (3Y / 5Y / 10Y)
3Y5.9%5Y5.3%10Y—
Consecutive Growth Years
7
as of 2025
Years Without a Cut
7
as of 2025
Total Shareholder Yield (TTM)
11.72%
Div 3.33% + Net buyback 8.39%
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)
11.7%
Dividends 3.3% + Net buybacks 8.4%
Net Buyback (TTM)
$2.63B
Gross $2.63B − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (6.5% latest vs 6.0% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 5.70 | +6.5% | 1 | |
| 2024 | 5.35 | +2.9% | 1 | |
| 2023 | 5.20 | +8.3% | 1 | |
| 2022 | 4.80 | +6.7% | 0 | |
| 2021 | 4.50 | +2.3% | 1 | |
| 2020 | 4.40 | +7.3% | 0 | |
| 2019 | 4.10 | +15.5% | 1 | |
| 2018 | 3.55 | — | 2 |
Special dividends are excluded from these figures. Based on 33 regular payments.
Payment history (33 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-02 | $1.5 | 0.0% | Cash | quarterly | - | 2026-03-02 | 2026-03-31 |
| 2025-12-01 | $1.5 | 0.0% | Cash | quarterly | - | 2025-12-01 | 2025-12-31 |
| 2025-09-02 | $1.5 | +11.1% | Cash | quarterly | - | 2025-09-02 | 2025-09-30 |
| 2025-06-02 | $1.35 | 0.0% | Cash | quarterly | - | 2025-06-02 | 2025-06-30 |
| 2025-03-03 | $1.35 | 0.0% | Cash | quarterly | - | 2025-03-03 | 2025-03-31 |
| 2024-12-02 | $1.35 | 0.0% | Cash | quarterly | - | 2024-12-02 | 2024-12-31 |
| 2024-09-03 | $1.35 | 0.0% | Cash | quarterly | - | 2024-09-03 | 2024-09-30 |
| 2024-06-03 | $1.35 | +3.8% | Cash | quarterly | - | 2024-06-03 | 2024-06-28 |
| 2024-03-01 | $1.3 | 0.0% | Cash | quarterly | - | 2024-03-04 | 2024-03-29 |
| 2023-11-30 | $1.3 | 0.0% | Cash | quarterly | - | 2023-12-01 | 2023-12-29 |
| 2023-08-31 | $1.3 | 0.0% | Cash | quarterly | - | 2023-09-01 | 2023-09-29 |
| 2023-05-31 | $1.3 | 0.0% | Cash | quarterly | - | 2023-06-01 | 2023-06-30 |
| 2023-03-03 | $1.3 | +8.3% | Cash | quarterly | - | 2023-03-06 | 2023-03-31 |
| 2022-11-30 | $1.2 | 0.0% | Cash | quarterly | - | 2022-12-01 | 2022-12-30 |
| 2022-08-31 | $1.2 | 0.0% | Cash | quarterly | - | 2022-09-01 | 2022-09-30 |
| 2022-05-31 | $1.2 | 0.0% | Cash | quarterly | - | 2022-06-01 | 2022-06-30 |
| 2022-02-25 | $1.2 | 0.0% | Cash | quarterly | - | 2022-02-28 | 2022-03-31 |
| 2021-11-29 | $1.2 | +9.1% | Cash | quarterly | - | 2021-11-30 | 2021-12-31 |
| 2021-08-31 | $1.1 | 0.0% | Cash | quarterly | - | 2021-09-01 | 2021-09-30 |
| 2021-05-28 | $1.1 | 0.0% | Cash | quarterly | - | 2021-06-01 | 2021-06-30 |
| 2021-02-26 | $1.1 | 0.0% | Cash | quarterly | - | 2021-03-01 | 2021-03-31 |
| 2020-11-30 | $1.1 | 0.0% | Cash | quarterly | - | 2020-12-01 | 2020-12-31 |
| 2020-08-28 | $1.1 | 0.0% | Cash | quarterly | - | 2020-09-01 | 2020-09-30 |
| 2020-05-29 | $1.1 | 0.0% | Cash | quarterly | - | 2020-06-01 | 2020-06-30 |
| 2020-02-28 | $1.1 | 0.0% | Cash | quarterly | - | 2020-03-02 | 2020-03-31 |
| 2019-11-29 | $1.1 | +10.0% | Cash | quarterly | - | 2019-12-02 | 2019-12-31 |
| 2019-08-30 | $1 | 0.0% | Cash | quarterly | - | 2019-09-03 | 2019-09-30 |
| 2019-05-31 | $1 | 0.0% | Cash | quarterly | - | 2019-06-03 | 2019-06-28 |
| 2019-03-01 | $1 | 0.0% | Cash | quarterly | - | 2019-03-04 | 2019-03-29 |
| 2018-11-30 | $1 | 0.0% | Cash | quarterly | - | 2018-12-03 | 2018-12-31 |
| 2018-08-31 | $1 | +25.0% | Cash | quarterly | - | 2018-09-04 | 2018-09-28 |
| 2018-05-31 | $0.8 | +6.7% | Cash | quarterly | - | 2018-06-01 | 2018-06-29 |
| 2018-03-02 | $0.75 | – | Cash | quarterly | - | 2018-03-05 | 2018-03-30 |
No splits on record.