Dividend Yield (TTM)
0.89%
vs 5Y avg 2.30% · 10Y avg 2.42%
Dividend Yield (Forward)
1.77%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.00
Forward (annualized): $6.00
Payout Ratio (EPS, TTM)
29.0%
Payout Ratio (FCF, TTM)
—
Dividend CAGR (3Y / 5Y / 10Y)
3Y11.5%5Y9.0%10Y16.5%
Consecutive Growth Years
10
as of 2025
Years Without a Cut
10
as of 2025
Total Shareholder Yield (TTM)
6.18%
Div 2.13% + Net buyback 4.05%
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)
6.2%
Dividends 2.1% + Net buybacks 4.0%
Net Buyback (TTM)
$31.59B
Gross $31.59B − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (20.7% latest vs 7.6% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 5.55 | +20.7% | 2 | |
| 2024 | 4.60 | +13.6% | 2 | |
| 2023 | 4.05 | +1.2% | 1 | |
| 2022 | 4.00 | +8.1% | 0 | |
| 2021 | 3.70 | +2.8% | 1 | |
| 2020 | 3.60 | +9.1% | 0 | |
| 2019 | 3.30 | +33.1% | 1 | |
| 2018 | 2.48 | +21.6% | 1 | |
| 2017 | 2.04 | +10.9% | 2 | |
| 2016 | 1.84 | +53.3% | 2 | |
| 2015 | 1.20 | -23.1% | 0 | |
| 2014 | 1.56 | +14.7% | 1 | |
| 2013 | 1.36 | +18.3% | 1 | |
| 2012 | 1.15 | +43.8% | 1 | |
| 2011 | 0.80 | +433.3% | 1 |
Special dividends are excluded from these figures. Based on 64 regular payments.
Payment history (64 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-04-07 | $1.5 | 0.0% | Cash | quarterly | - | 2026-04-06 | 2026-04-30 |
| 2026-01-06 | $1.5 | 0.0% | Cash | quarterly | - | 2026-01-06 | 2026-01-31 |
| 2025-10-06 | $1.5 | +7.1% | Cash | quarterly | - | 2025-10-06 | 2025-10-31 |
| 2025-07-02 | $1.4 | 0.0% | Cash | quarterly | - | 2025-07-03 | 2025-07-31 |
| 2025-04-04 | $1.4 | +12.0% | Cash | quarterly | - | 2025-04-04 | 2025-04-30 |
| 2025-01-06 | $1.25 | 0.0% | Cash | quarterly | - | 2025-01-06 | 2025-01-31 |
| 2024-10-04 | $1.25 | +8.7% | Cash | quarterly | - | 2024-10-04 | 2024-10-31 |
| 2024-07-05 | $1.15 | 0.0% | Cash | quarterly | - | 2024-07-05 | 2024-07-31 |
| 2024-04-04 | $1.15 | +9.5% | Cash | quarterly | - | 2024-04-05 | 2024-04-30 |
| 2024-01-04 | $1.05 | 0.0% | Cash | quarterly | - | 2024-01-05 | 2024-01-31 |
| 2023-10-05 | $1.05 | +5.0% | Cash | quarterly | - | 2023-10-06 | 2023-10-31 |
| 2023-07-05 | $1 | 0.0% | Cash | quarterly | - | 2023-07-06 | 2023-07-31 |
| 2023-04-05 | $1 | 0.0% | Cash | quarterly | - | 2023-04-06 | 2023-04-30 |
| 2023-01-05 | $1 | 0.0% | Cash | quarterly | - | 2023-01-06 | 2023-01-31 |
| 2022-10-05 | $1 | 0.0% | Cash | quarterly | - | 2022-10-06 | 2022-10-31 |
| 2022-07-05 | $1 | 0.0% | Cash | quarterly | - | 2022-07-06 | 2022-07-31 |
| 2022-04-05 | $1 | 0.0% | Cash | quarterly | - | 2022-04-06 | 2022-04-30 |
| 2022-01-05 | $1 | 0.0% | Cash | quarterly | - | 2022-01-06 | 2022-01-31 |
| 2021-10-05 | $1 | +11.1% | Cash | quarterly | - | 2021-10-06 | 2021-10-31 |
| 2021-07-02 | $0.9 | 0.0% | Cash | quarterly | - | 2021-07-06 | 2021-07-31 |
| 2021-04-06 | $0.9 | 0.0% | Cash | quarterly | - | 2021-04-06 | 2021-04-30 |
| 2021-01-05 | $0.9 | 0.0% | Cash | quarterly | - | 2021-01-06 | 2021-01-31 |
| 2020-10-05 | $0.9 | 0.0% | Cash | quarterly | - | 2020-10-06 | 2020-10-31 |
| 2020-07-02 | $0.9 | 0.0% | Cash | quarterly | - | 2020-07-06 | 2020-07-31 |
| 2020-04-03 | $0.9 | 0.0% | Cash | quarterly | - | 2020-04-06 | 2020-04-30 |
| 2020-01-03 | $0.9 | 0.0% | Cash | quarterly | - | 2020-01-06 | 2020-01-31 |
| 2019-10-03 | $0.9 | +12.5% | Cash | quarterly | - | 2019-10-04 | 2019-10-31 |
| 2019-07-03 | $0.8 | 0.0% | Cash | quarterly | - | 2019-07-05 | 2019-07-31 |
| 2019-04-04 | $0.8 | 0.0% | Cash | quarterly | - | 2019-04-05 | 2019-04-30 |
| 2019-01-03 | $0.8 | 0.0% | Cash | quarterly | - | 2019-01-04 | 2019-01-31 |
| 2018-10-04 | $0.8 | +42.9% | Cash | quarterly | - | 2018-10-05 | 2018-10-31 |
| 2018-07-05 | $0.56 | 0.0% | Cash | quarterly | - | 2018-07-06 | 2018-07-31 |
| 2018-04-05 | $0.56 | 0.0% | Cash | quarterly | - | 2018-04-06 | 2018-04-30 |
| 2018-01-04 | $0.56 | 0.0% | Cash | quarterly | - | 2018-01-05 | 2018-01-31 |
| 2017-10-05 | $0.56 | +12.0% | Cash | quarterly | - | 2017-10-06 | 2017-10-31 |
| 2017-07-05 | $0.5 | 0.0% | Cash | quarterly | - | 2017-07-06 | 2017-07-31 |
| 2017-04-05 | $0.5 | +4.2% | Cash | quarterly | - | 2017-04-06 | 2017-04-30 |
| 2017-01-05 | $0.48 | 0.0% | Cash | quarterly | - | 2017-01-06 | 2017-01-31 |
| 2016-10-04 | $0.48 | 0.0% | Cash | quarterly | - | 2016-10-06 | 2016-10-31 |
| 2016-07-05 | $0.48 | +9.1% | Cash | quarterly | - | 2016-07-06 | 2016-07-31 |
| 2016-04-05 | $0.44 | 0.0% | Cash | quarterly | - | 2016-04-06 | 2016-04-30 |
| 2016-01-04 | $0.44 | +10.0% | Cash | quarterly | - | 2016-01-06 | 2016-01-31 |
| 2015-07-02 | $0.4 | 0.0% | Cash | quarterly | - | 2015-07-03 | 2015-07-31 |
| 2015-04-01 | $0.4 | 0.0% | Cash | quarterly | - | 2015-04-06 | 2015-04-30 |
| 2015-01-02 | $0.4 | 0.0% | Cash | quarterly | - | 2015-01-06 | 2015-01-31 |
| 2014-10-02 | $0.4 | 0.0% | Cash | quarterly | - | 2014-10-06 | 2014-10-31 |
| 2014-07-01 | $0.4 | +5.3% | Cash | quarterly | - | 2014-07-03 | 2014-07-31 |
| 2014-04-02 | $0.38 | 0.0% | Cash | quarterly | - | 2014-04-04 | 2014-04-30 |
| 2014-01-02 | $0.38 | 0.0% | Cash | quarterly | - | 2014-01-06 | 2014-01-31 |
| 2013-10-02 | $0.38 | 0.0% | Cash | quarterly | - | 2013-10-04 | 2013-10-31 |
| 2013-07-03 | $0.38 | +26.7% | Cash | quarterly | - | 2013-07-05 | 2013-07-31 |
| 2013-04-03 | $0.3 | 0.0% | Cash | quarterly | - | 2013-04-05 | 2013-04-30 |
| 2013-01-02 | $0.3 | 0.0% | Cash | quarterly | - | 2013-01-04 | 2013-01-31 |
| 2012-10-03 | $0.3 | 0.0% | Cash | quarterly | - | 2012-10-05 | 2012-10-31 |
| 2012-07-04 | $0.3 | 0.0% | Cash | quarterly | - | 2012-07-06 | 2012-07-31 |
| 2012-04-03 | $0.3 | +20.0% | Cash | quarterly | - | 2012-04-05 | 2012-04-30 |
| 2012-01-04 | $0.25 | 0.0% | Cash | quarterly | - | 2012-01-06 | 2012-01-31 |
| 2011-10-04 | $0.25 | 0.0% | Cash | quarterly | - | 2011-10-06 | 2011-10-31 |
| 2011-07-01 | $0.25 | 0.0% | Cash | quarterly | - | 2011-07-06 | 2011-07-31 |
| 2011-04-04 | $0.25 | +400.0% | Cash | quarterly | - | 2011-04-06 | 2011-04-30 |
| 2011-01-04 | $0.05 | 0.0% | Cash | quarterly | - | 2011-01-06 | 2011-01-31 |
| 2010-10-04 | $0.05 | 0.0% | Cash | quarterly | - | 2010-10-06 | 2010-10-31 |
| 2010-07-01 | $0.05 | 0.0% | Cash | quarterly | - | 2010-07-06 | 2010-07-31 |
| 2010-04-01 | $0.05 | – | Cash | quarterly | - | 2010-04-06 | 2010-04-30 |
No splits on record.