Dividend Yield (TTM)
2.92%
vs 5Y avg 5.00% · 10Y avg 4.44%
Dividend Yield (Forward)
5.83%
4 payments/yr (spacing)
Dividends / Share (TTM)
$0.86
Forward (annualized): $1.72
Payout Ratio (EPS, TTM)
126.5%
Payout Ratio (FCF, TTM)
108.2%
Dividend CAGR (3Y / 5Y / 10Y)
3Y2.4%5Y2.5%10Y4.4%
Consecutive Growth Years
9
as of 2025
Years Without a Cut
9
as of 2025
Total Shareholder Yield (TTM)
6.35%
Div 6.35% + Net buyback 0.00%
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)
6.4%
Dividends 6.4% + Net buybacks 0.0%
Net Buyback (TTM)
$0
Gross $0 − Issuance $0
SBC (TTM)
$799M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is steady (2.4% latest vs 2.5% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.72 | +2.4% | 1 | |
| 2024 | 1.68 | +2.4% | 1 | |
| 2023 | 1.64 | +2.5% | 1 | |
| 2022 | 1.60 | +2.6% | 1 | |
| 2021 | 1.56 | +2.6% | 1 | |
| 2020 | 1.52 | +5.6% | 1 | |
| 2019 | 1.44 | +5.9% | 1 | |
| 2018 | 1.36 | +41.7% | 1 | |
| 2017 | 0.96 | +6.7% | 1 | |
| 2016 | 0.90 | -19.6% | 1 | |
| 2015 | 1.12 | +7.7% | 1 | |
| 2014 | 1.04 | +8.3% | 1 | |
| 2013 | 0.96 | +9.1% | 1 | |
| 2012 | 0.88 | +10.0% | 1 | |
| 2011 | 0.80 | +48.1% | 1 |
Special dividends are excluded from these figures. Based on 62 regular payments.
Payment history (62 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-01-23 | $0.43 | 0.0% | Cash | quarterly | - | 2026-01-23 | 2026-03-06 |
| 2025-11-07 | $0.43 | 0.0% | Cash | quarterly | - | 2025-11-07 | 2025-12-01 |
| 2025-07-25 | $0.43 | 0.0% | Cash | quarterly | - | 2025-07-25 | 2025-09-02 |
| 2025-05-08 | $0.43 | 0.0% | Cash | quarterly | - | 2025-05-09 | 2025-06-13 |
| 2025-01-24 | $0.43 | +2.4% | Cash | quarterly | - | 2025-01-24 | 2025-03-07 |
| 2024-11-08 | $0.42 | 0.0% | Cash | quarterly | - | 2024-11-08 | 2024-12-02 |
| 2024-07-26 | $0.42 | 0.0% | Cash | quarterly | - | 2024-07-26 | 2024-09-03 |
| 2024-05-09 | $0.42 | 0.0% | Cash | quarterly | - | 2024-05-10 | 2024-06-14 |
| 2024-01-25 | $0.42 | +2.4% | Cash | quarterly | - | 2024-01-26 | 2024-03-01 |
| 2023-11-09 | $0.41 | 0.0% | Cash | quarterly | - | 2023-11-10 | 2023-12-04 |
| 2023-07-27 | $0.41 | 0.0% | Cash | quarterly | - | 2023-07-28 | 2023-09-05 |
| 2023-05-11 | $0.41 | 0.0% | Cash | quarterly | - | 2023-05-12 | 2023-06-09 |
| 2023-01-26 | $0.41 | +2.5% | Cash | quarterly | - | 2023-01-27 | 2023-03-03 |
| 2022-11-03 | $0.4 | 0.0% | Cash | quarterly | - | 2022-11-04 | 2022-12-05 |
| 2022-07-28 | $0.4 | 0.0% | Cash | quarterly | - | 2022-07-29 | 2022-09-06 |
| 2022-05-12 | $0.4 | 0.0% | Cash | quarterly | - | 2022-05-13 | 2022-06-10 |
| 2022-01-27 | $0.4 | +2.6% | Cash | quarterly | - | 2022-01-28 | 2022-03-04 |
| 2021-11-04 | $0.39 | 0.0% | Cash | quarterly | - | 2021-11-05 | 2021-12-06 |
| 2021-07-29 | $0.39 | 0.0% | Cash | quarterly | - | 2021-07-30 | 2021-09-07 |
| 2021-05-06 | $0.39 | 0.0% | Cash | quarterly | - | 2021-05-07 | 2021-06-04 |
| 2021-01-28 | $0.39 | +2.6% | Cash | quarterly | - | 2021-01-29 | 2021-03-05 |
| 2020-11-05 | $0.38 | 0.0% | Cash | quarterly | - | 2020-11-06 | 2020-12-01 |
| 2020-07-30 | $0.38 | 0.0% | Cash | quarterly | - | 2020-07-31 | 2020-09-01 |
| 2020-05-07 | $0.38 | 0.0% | Cash | quarterly | - | 2020-05-08 | 2020-06-05 |
| 2020-01-30 | $0.38 | +5.6% | Cash | quarterly | - | 2020-01-31 | 2020-03-06 |
| 2019-11-07 | $0.36 | 0.0% | Cash | quarterly | - | 2019-11-08 | 2019-12-02 |
| 2019-08-01 | $0.36 | 0.0% | Cash | quarterly | - | 2019-08-02 | 2019-09-03 |
| 2019-05-09 | $0.36 | 0.0% | Cash | quarterly | - | 2019-05-10 | 2019-06-07 |
| 2019-01-31 | $0.36 | +5.9% | Cash | quarterly | - | 2019-02-01 | 2019-03-01 |
| 2018-11-08 | $0.34 | 0.0% | Cash | quarterly | - | 2018-11-09 | 2018-12-03 |
| 2018-08-02 | $0.34 | 0.0% | Cash | quarterly | - | 2018-08-03 | 2018-09-04 |
| 2018-05-10 | $0.34 | 0.0% | Cash | quarterly | - | 2018-05-11 | 2018-06-01 |
| 2018-02-01 | $0.34 | +6.3% | Cash | quarterly | - | 2018-02-02 | 2018-03-01 |
| 2017-08-02 | $0.32 | 0.0% | Cash | quarterly | - | 2017-08-04 | 2017-09-01 |
| 2017-05-10 | $0.32 | 0.0% | Cash | quarterly | - | 2017-05-12 | 2017-06-01 |
| 2017-02-01 | $0.32 | +6.7% | Cash | quarterly | - | 2017-02-03 | 2017-03-01 |
| 2016-11-10 | $0.3 | 0.0% | Cash | quarterly | - | 2016-11-11 | 2016-12-01 |
| 2016-08-03 | $0.3 | 0.0% | Cash | quarterly | - | 2016-08-05 | 2016-09-01 |
| 2016-02-04 | $0.3 | +7.1% | Cash | quarterly | - | 2016-02-05 | 2016-03-02 |
| 2015-11-04 | $0.28 | 0.0% | Cash | quarterly | - | 2015-11-06 | 2015-12-01 |
| 2015-08-05 | $0.28 | 0.0% | Cash | quarterly | - | 2015-08-07 | 2015-09-02 |
| 2015-05-06 | $0.28 | 0.0% | Cash | quarterly | - | 2015-05-08 | 2015-06-02 |
| 2015-02-04 | $0.28 | +7.7% | Cash | quarterly | - | 2015-02-06 | 2015-03-03 |
| 2014-11-05 | $0.26 | 0.0% | Cash | quarterly | - | 2014-11-07 | 2014-12-02 |
| 2014-07-30 | $0.26 | 0.0% | Cash | quarterly | - | 2014-08-01 | 2014-09-03 |
| 2014-05-07 | $0.26 | 0.0% | Cash | quarterly | - | 2014-05-09 | 2014-06-03 |
| 2014-02-05 | $0.26 | +8.3% | Cash | quarterly | - | 2014-02-07 | 2014-03-04 |
| 2013-11-06 | $0.24 | 0.0% | Cash | quarterly | - | 2013-11-08 | 2013-12-03 |
| 2013-07-31 | $0.24 | 0.0% | Cash | quarterly | - | 2013-08-02 | 2013-09-04 |
| 2013-05-08 | $0.24 | 0.0% | Cash | quarterly | - | 2013-05-10 | 2013-06-04 |
| 2013-01-30 | $0.24 | +9.1% | Cash | quarterly | - | 2013-02-01 | 2013-03-05 |
| 2012-11-07 | $0.22 | 0.0% | Cash | quarterly | - | 2012-11-09 | 2012-12-04 |
| 2012-08-01 | $0.22 | 0.0% | Cash | quarterly | - | 2012-08-03 | 2012-09-05 |
| 2012-05-09 | $0.22 | 0.0% | Cash | quarterly | - | 2012-05-11 | 2012-06-05 |
| 2012-02-01 | $0.22 | +10.0% | Cash | quarterly | - | 2012-02-03 | 2012-03-06 |
| 2011-11-09 | $0.2 | 0.0% | Cash | quarterly | - | 2011-11-11 | 2011-12-06 |
| 2011-08-03 | $0.2 | 0.0% | Cash | quarterly | - | 2011-08-05 | 2011-09-06 |
| 2011-05-11 | $0.2 | 0.0% | Cash | quarterly | - | 2011-05-13 | 2011-06-07 |
| 2011-02-02 | $0.2 | +11.1% | Cash | quarterly | - | 2011-02-04 | 2011-03-01 |
| 2010-11-04 | $0.18 | 0.0% | Cash | quarterly | - | 2010-11-08 | 2010-12-01 |
| 2010-08-04 | $0.18 | 0.0% | Cash | quarterly | - | 2010-08-06 | 2010-09-01 |
| 2010-05-05 | $0.18 | – | Cash | quarterly | - | 2010-05-07 | 2010-06-01 |
No splits on record.