Dividend Yield (TTM)
5.15%
vs 5Y avg 3.64% · 10Y avg 2.85%
Dividend Yield (Forward)
6.86%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.77
Forward (annualized): $2.36
Payout Ratio (EPS, TTM)
205.2%
Payout Ratio (FCF, TTM)
108.3%
Dividend CAGR (3Y / 5Y / 10Y)
3Y11.1%5Y11.7%10Y—
Consecutive Growth Years
7
as of 2025
Years Without a Cut
7
as of 2025
Total Shareholder Yield (TTM)
7.10%
Div 5.92% + Net buyback 1.19%
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)
7.1%
Dividends 5.9% + Net buybacks 1.2%
Net Buyback (TTM)
$48M
Gross $48M − Issuance $0
SBC (TTM)
$54M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is steady (11.3% latest vs 11.7% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 2.36 | +11.3% | 1 | |
| 2024 | 2.12 | +10.4% | 1 | |
| 2023 | 1.92 | +11.6% | 1 | |
| 2022 | 1.72 | +13.2% | 1 | |
| 2021 | 1.52 | +11.8% | 1 | |
| 2020 | 1.36 | +9.7% | 1 | |
| 2019 | 1.24 | +10.7% | 1 | |
| 2018 | 1.12 | — | 0 |
Special dividends are excluded from these figures. Based on 34 regular payments.
Payment history (34 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-05-22 | $0.59 | 0.0% | Cash | quarterly | 2026-04-30 | 2026-05-22 | 2026-06-15 |
| 2026-02-25 | $0.59 | 0.0% | Cash | quarterly | 2026-02-12 | 2026-02-25 | 2026-03-13 |
| 2025-11-25 | $0.59 | 0.0% | Cash | quarterly | 2025-10-30 | 2025-11-25 | 2025-12-15 |
| 2025-08-26 | $0.59 | 0.0% | Cash | quarterly | 2025-08-04 | 2025-08-25 | 2025-09-15 |
| 2025-05-23 | $0.59 | 0.0% | Cash | quarterly | 2025-05-01 | 2025-05-23 | 2025-06-13 |
| 2025-02-25 | $0.59 | +11.3% | Cash | quarterly | 2025-02-12 | 2025-02-25 | 2025-03-14 |
| 2024-11-25 | $0.53 | 0.0% | Cash | quarterly | 2024-10-29 | 2024-11-25 | 2024-12-13 |
| 2024-08-23 | $0.53 | 0.0% | Cash | quarterly | 2024-07-30 | 2024-08-23 | 2024-09-13 |
| 2024-05-23 | $0.53 | 0.0% | Cash | quarterly | 2024-05-02 | 2024-05-24 | 2024-06-14 |
| 2024-02-22 | $0.53 | +10.4% | Cash | quarterly | 2024-02-13 | 2024-02-23 | 2024-03-15 |
| 2023-11-22 | $0.48 | 0.0% | Cash | quarterly | 2023-10-30 | 2023-11-24 | 2023-12-15 |
| 2023-08-24 | $0.48 | 0.0% | Cash | quarterly | 2023-07-31 | 2023-08-25 | 2023-09-15 |
| 2023-05-24 | $0.48 | 0.0% | Cash | quarterly | 2023-05-02 | 2023-05-25 | 2023-06-15 |
| 2023-02-23 | $0.48 | +11.6% | Cash | quarterly | 2023-02-09 | 2023-02-24 | 2023-03-15 |
| 2022-11-23 | $0.43 | 0.0% | Cash | quarterly | 2022-10-27 | 2022-11-25 | 2022-12-15 |
| 2022-08-24 | $0.43 | 0.0% | Cash | quarterly | 2022-08-02 | 2022-08-25 | 2022-09-15 |
| 2022-05-24 | $0.43 | 0.0% | Cash | quarterly | 2022-05-03 | 2022-05-25 | 2022-06-15 |
| 2022-02-24 | $0.43 | +13.2% | Cash | quarterly | 2022-02-10 | 2022-02-25 | 2022-03-15 |
| 2021-11-23 | $0.38 | 0.0% | Cash | quarterly | 2021-10-28 | 2021-11-24 | 2021-12-15 |
| 2021-08-24 | $0.38 | 0.0% | Cash | quarterly | 2021-08-03 | 2021-08-25 | 2021-09-15 |
| 2021-05-24 | $0.38 | 0.0% | Cash | quarterly | 2021-04-29 | 2021-05-25 | 2021-06-15 |
| 2021-02-24 | $0.38 | +11.8% | Cash | quarterly | 2021-02-13 | 2021-02-25 | 2021-03-15 |
| 2020-11-24 | $0.34 | 0.0% | Cash | quarterly | 2020-10-29 | 2020-11-25 | 2020-12-15 |
| 2020-08-24 | $0.34 | 0.0% | Cash | quarterly | 2020-07-30 | 2020-08-25 | 2020-09-15 |
| 2020-05-22 | $0.34 | 0.0% | Cash | quarterly | 2020-04-30 | 2020-05-26 | 2020-06-15 |
| 2020-02-24 | $0.34 | +9.7% | Cash | quarterly | 2020-02-12 | 2020-02-25 | 2020-03-16 |
| 2019-11-22 | $0.31 | 0.0% | Cash | quarterly | 2019-11-06 | 2019-11-25 | 2019-12-13 |
| 2019-08-22 | $0.31 | 0.0% | Cash | quarterly | 2019-08-01 | 2019-08-23 | 2019-09-16 |
| 2019-05-23 | $0.31 | 0.0% | Cash | quarterly | 2019-05-02 | 2019-05-24 | 2019-06-14 |
| 2019-02-22 | $0.31 | +10.7% | Cash | quarterly | 2019-02-12 | 2019-02-25 | 2019-03-15 |
| 2018-11-21 | $0.28 | 0.0% | Cash | quarterly | 2018-10-30 | 2018-11-23 | 2018-12-14 |
| 2018-08-23 | $0.28 | 0.0% | Cash | quarterly | 2018-08-01 | 2018-08-24 | 2018-09-14 |
| 2018-05-24 | $0.28 | 0.0% | Cash | quarterly | 2018-05-01 | 2018-05-25 | 2018-06-15 |
| 2018-02-22 | $0.28 | – | Cash | quarterly | 2018-02-13 | 2018-02-23 | 2018-03-15 |
No splits on record.