Dividend Yield (TTM)
2.22%
vs 5Y avg 3.08% · 10Y avg 2.64%
Dividend Yield (Forward)
2.96%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.42
Forward (annualized): $4.56
Payout Ratio (EPS, TTM)
55.6%
Payout Ratio (FCF, TTM)
72.6%
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.5%5Y11.0%10Y—
Consecutive Growth Years
7
as of 2025
Years Without a Cut
7
as of 2025
Total Shareholder Yield (TTM)
4.50%
Div 3.75% + Net buyback 0.75%
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 3.8% + Net buybacks 0.7%
Net Buyback (TTM)
$408M
Gross $408M − Issuance $0
SBC (TTM)
$281M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (1.8% latest vs 12.4% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 4.52 | +1.8% | 1 | |
| 2024 | 4.44 | +1.8% | 1 | |
| 2023 | 4.36 | +10.1% | 1 | |
| 2022 | 3.96 | +25.3% | 1 | |
| 2021 | 3.16 | +17.9% | 1 | |
| 2020 | 2.68 | +3.1% | 1 | |
| 2019 | 2.60 | +3.2% | 1 | |
| 2018 | 2.52 | — | 1 |
Special dividends are excluded from these figures. Based on 34 regular payments.
Payment history (34 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-05-13 | $1.14 | 0.0% | Cash | quarterly | - | 2026-05-13 | 2026-06-01 |
| 2026-02-11 | $1.14 | 0.0% | Cash | quarterly | - | 2026-02-11 | 2026-03-01 |
| 2025-11-12 | $1.14 | 0.0% | Cash | quarterly | - | 2025-11-12 | 2025-12-01 |
| 2025-08-13 | $1.14 | +1.8% | Cash | quarterly | - | 2025-08-13 | 2025-09-01 |
| 2025-05-14 | $1.12 | 0.0% | Cash | quarterly | - | 2025-05-14 | 2025-06-01 |
| 2025-02-12 | $1.12 | 0.0% | Cash | quarterly | - | 2025-02-12 | 2025-03-01 |
| 2024-11-20 | $1.12 | 0.0% | Cash | quarterly | - | 2024-11-20 | 2024-12-10 |
| 2024-08-21 | $1.12 | +1.8% | Cash | quarterly | - | 2024-08-21 | 2024-09-10 |
| 2024-05-14 | $1.1 | 0.0% | Cash | quarterly | - | 2024-05-15 | 2024-06-10 |
| 2024-02-20 | $1.1 | 0.0% | Cash | quarterly | - | 2024-02-21 | 2024-03-10 |
| 2023-11-14 | $1.1 | 0.0% | Cash | quarterly | - | 2023-11-15 | 2023-12-10 |
| 2023-08-15 | $1.1 | +1.9% | Cash | quarterly | - | 2023-08-16 | 2023-09-10 |
| 2023-05-16 | $1.08 | 0.0% | Cash | quarterly | - | 2023-05-17 | 2023-06-10 |
| 2023-02-14 | $1.08 | 0.0% | Cash | quarterly | - | 2023-02-15 | 2023-03-10 |
| 2022-11-15 | $1.08 | 0.0% | Cash | quarterly | - | 2022-11-16 | 2022-12-10 |
| 2022-08-16 | $1.08 | +20.0% | Cash | quarterly | - | 2022-08-17 | 2022-09-10 |
| 2022-05-17 | $0.9 | 0.0% | Cash | quarterly | - | 2022-05-18 | 2022-06-10 |
| 2022-02-15 | $0.9 | 0.0% | Cash | quarterly | - | 2022-02-16 | 2022-03-10 |
| 2021-11-16 | $0.9 | 0.0% | Cash | quarterly | - | 2021-11-17 | 2021-12-10 |
| 2021-08-17 | $0.9 | +32.4% | Cash | quarterly | - | 2021-08-18 | 2021-09-10 |
| 2021-05-18 | $0.68 | 0.0% | Cash | quarterly | - | 2021-05-19 | 2021-06-10 |
| 2021-02-16 | $0.68 | 0.0% | Cash | quarterly | - | 2021-02-17 | 2021-03-10 |
| 2020-11-17 | $0.68 | 0.0% | Cash | quarterly | - | 2020-11-18 | 2020-12-10 |
| 2020-08-18 | $0.68 | +3.0% | Cash | quarterly | - | 2020-08-19 | 2020-09-10 |
| 2020-05-19 | $0.66 | 0.0% | Cash | quarterly | - | 2020-05-20 | 2020-06-10 |
| 2020-02-18 | $0.66 | 0.0% | Cash | quarterly | - | 2020-02-19 | 2020-03-10 |
| 2019-11-19 | $0.66 | 0.0% | Cash | quarterly | - | 2019-11-20 | 2019-12-10 |
| 2019-08-20 | $0.66 | +3.1% | Cash | quarterly | - | 2019-08-21 | 2019-09-10 |
| 2019-05-14 | $0.64 | 0.0% | Cash | quarterly | - | 2019-05-15 | 2019-06-10 |
| 2019-02-19 | $0.64 | 0.0% | Cash | quarterly | - | 2019-02-20 | 2019-03-10 |
| 2018-11-20 | $0.64 | 0.0% | Cash | quarterly | - | 2018-11-21 | 2018-12-10 |
| 2018-08-14 | $0.64 | +3.2% | Cash | quarterly | - | 2018-08-15 | 2018-09-10 |
| 2018-05-15 | $0.62 | 0.0% | Cash | quarterly | - | 2018-05-16 | 2018-06-10 |
| 2018-02-20 | $0.62 | – | Cash | quarterly | - | 2018-02-21 | 2018-03-10 |
No splits on record.