Dividend Yield (TTM)
1.18%
vs 5Y avg 5.88% · 10Y avg 6.54%
Dividend Yield (Forward)
4.72%
4 payments/yr (spacing)
Dividends / Share (TTM)
$0.2775
Forward (annualized): $1.11
Payout Ratio (EPS, TTM)
27.2%
Payout Ratio (FCF, TTM)
30.6%
Dividend CAGR (3Y / 5Y / 10Y)
3Y-6.4%5Y-11.8%10Y-5.1%
Consecutive Growth Years
0
as of 2025
Years Without a Cut
2
as of 2025
Total Shareholder Yield (TTM)
6.24%
Div 4.03% + Net buyback 2.21%
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 4.0% + Net buybacks 2.2%
Net Buyback (TTM)
$4.48B
Gross $4.50B − Issuance $21M
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (0.0% latest vs -17.6% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.11 | 0.0% | 0 | |
| 2024 | 1.11 | 0.0% | 0 | |
| 2023 | 1.11 | -17.9% | 0 | |
| 2022 | 1.35 | -35.0% | 0 | |
| 2021 | 2.08 | 0.0% | 0 | |
| 2020 | 2.08 | +2.0% | 1 | |
| 2019 | 2.04 | +2.0% | 1 | |
| 2018 | 2.00 | +2.0% | 1 | |
| 2017 | 1.96 | +2.1% | 1 | |
| 2016 | 1.92 | +2.1% | 1 | |
| 2015 | 1.88 | — | 0 |
Special dividends are excluded from these figures. Based on 45 regular payments.
Payment history (45 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-01-12 | $0.2775 | 0.0% | Cash | quarterly | - | 2026-01-12 | 2026-02-02 |
| 2025-10-10 | $0.2775 | 0.0% | Cash | quarterly | - | 2025-10-10 | 2025-11-03 |
| 2025-07-10 | $0.2775 | 0.0% | Cash | quarterly | - | 2025-07-10 | 2025-08-01 |
| 2025-04-10 | $0.2775 | 0.0% | Cash | quarterly | - | 2025-04-10 | 2025-05-01 |
| 2025-01-10 | $0.2775 | 0.0% | Cash | quarterly | - | 2025-01-10 | 2025-02-03 |
| 2024-10-10 | $0.2775 | 0.0% | Cash | quarterly | - | 2024-10-10 | 2024-11-01 |
| 2024-07-10 | $0.2775 | 0.0% | Cash | quarterly | - | 2024-07-10 | 2024-08-01 |
| 2024-04-09 | $0.2775 | 0.0% | Cash | quarterly | - | 2024-04-10 | 2024-05-01 |
| 2024-01-09 | $0.2775 | 0.0% | Cash | quarterly | - | 2024-01-10 | 2024-02-01 |
| 2023-10-06 | $0.2775 | 0.0% | Cash | quarterly | - | 2023-10-10 | 2023-11-01 |
| 2023-07-07 | $0.2775 | 0.0% | Cash | quarterly | - | 2023-07-10 | 2023-08-01 |
| 2023-04-06 | $0.2775 | 0.0% | Cash | quarterly | - | 2023-04-10 | 2023-05-01 |
| 2023-01-09 | $0.2775 | 0.0% | Cash | quarterly | - | 2023-01-10 | 2023-02-01 |
| 2022-10-06 | $0.2775 | 0.0% | Cash | quarterly | - | 2022-10-10 | 2022-11-01 |
| 2022-07-08 | $0.2775 | 0.0% | Cash | quarterly | - | 2022-07-11 | 2022-08-01 |
| 2022-04-13 | $0.2775 | -46.6% | Cash | quarterly | - | 2022-04-14 | 2022-05-02 |
| 2022-01-07 | $0.52 | 0.0% | Cash | quarterly | - | 2022-01-10 | 2022-02-01 |
| 2021-10-07 | $0.52 | 0.0% | Cash | quarterly | - | 2021-10-11 | 2021-11-01 |
| 2021-07-08 | $0.52 | 0.0% | Cash | quarterly | - | 2021-07-09 | 2021-08-02 |
| 2021-04-08 | $0.52 | 0.0% | Cash | quarterly | - | 2021-04-09 | 2021-05-03 |
| 2021-01-08 | $0.52 | 0.0% | Cash | quarterly | - | 2021-01-11 | 2021-02-01 |
| 2020-10-08 | $0.52 | 0.0% | Cash | quarterly | - | 2020-10-12 | 2020-11-02 |
| 2020-07-09 | $0.52 | 0.0% | Cash | quarterly | - | 2020-07-10 | 2020-08-03 |
| 2020-04-08 | $0.52 | 0.0% | Cash | quarterly | - | 2020-04-09 | 2020-05-01 |
| 2020-01-09 | $0.52 | +2.0% | Cash | quarterly | - | 2020-01-10 | 2020-02-03 |
| 2019-10-09 | $0.51 | 0.0% | Cash | quarterly | - | 2019-10-10 | 2019-11-01 |
| 2019-07-09 | $0.51 | 0.0% | Cash | quarterly | - | 2019-07-10 | 2019-08-01 |
| 2019-04-09 | $0.51 | 0.0% | Cash | quarterly | - | 2019-04-10 | 2019-05-01 |
| 2019-01-09 | $0.51 | +2.0% | Cash | quarterly | - | 2019-01-10 | 2019-02-01 |
| 2018-10-09 | $0.5 | 0.0% | Cash | quarterly | - | 2018-10-10 | 2018-11-01 |
| 2018-07-09 | $0.5 | 0.0% | Cash | quarterly | - | 2018-07-10 | 2018-08-01 |
| 2018-04-09 | $0.5 | 0.0% | Cash | quarterly | - | 2018-04-10 | 2018-05-01 |
| 2018-01-09 | $0.5 | +2.0% | Cash | quarterly | - | 2018-01-10 | 2018-02-01 |
| 2017-10-06 | $0.49 | 0.0% | Cash | quarterly | - | 2017-10-10 | 2017-11-01 |
| 2017-07-06 | $0.49 | 0.0% | Cash | quarterly | - | 2017-07-10 | 2017-08-01 |
| 2017-04-06 | $0.49 | 0.0% | Cash | quarterly | - | 2017-04-10 | 2017-05-01 |
| 2017-01-06 | $0.49 | +2.1% | Cash | quarterly | - | 2017-01-10 | 2017-02-01 |
| 2016-10-05 | $0.48 | 0.0% | Cash | quarterly | - | 2016-10-10 | 2016-11-01 |
| 2016-07-06 | $0.48 | 0.0% | Cash | quarterly | - | 2016-07-08 | 2016-08-01 |
| 2016-04-06 | $0.48 | 0.0% | Cash | quarterly | - | 2016-04-08 | 2016-05-02 |
| 2016-01-06 | $0.48 | +2.1% | Cash | quarterly | - | 2016-01-08 | 2016-02-01 |
| 2015-10-07 | $0.47 | 0.0% | Cash | quarterly | - | 2015-10-09 | 2015-11-02 |
| 2015-07-08 | $0.47 | 0.0% | Cash | quarterly | - | 2015-07-10 | 2015-08-03 |
| 2015-04-08 | $0.47 | 0.0% | Cash | quarterly | - | 2015-04-10 | 2015-05-01 |
| 2015-01-07 | $0.47 | – | Cash | quarterly | - | 2015-01-09 | 2015-02-02 |
No splits on record.