Dividend Yield (TTM)
2.22%
vs 5Y avg 1.59% · 10Y avg 1.54%
Dividend Yield (Forward)
4.44%
4 payments/yr (spacing)
Dividends / Share (TTM)
$0.82
Forward (annualized): $1.64
Payout Ratio (EPS, TTM)
94.7%
Payout Ratio (FCF, TTM)
96.4%
Dividend CAGR (3Y / 5Y / 10Y)
3Y8.7%5Y9.8%10Y10.7%
Consecutive Growth Years
11
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
3.82%
Div 2.81% + Net buyback 1.01%
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)
3.8%
Dividends 2.8% + Net buybacks 1.0%
Net Buyback (TTM)
$851M
Gross $851M − Issuance $0
SBC (TTM)
$695M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (6.6% latest vs 10.2% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.61 | +6.6% | 1 | |
| 2024 | 1.51 | +8.6% | 1 | |
| 2023 | 1.39 | +10.8% | 1 | |
| 2022 | 1.26 | +11.1% | 1 | |
| 2021 | 1.13 | +11.9% | 1 | |
| 2020 | 1.01 | +11.6% | 1 | |
| 2019 | 0.905 | +10.4% | 1 | |
| 2018 | 0.82 | +10.8% | 1 | |
| 2017 | 0.74 | +12.1% | 1 | |
| 2016 | 0.66 | +13.8% | 1 | |
| 2015 | 0.58 | +314.3% | 1 | |
| 2014 | 0.14 | — | 0 |
Special dividends are excluded from these figures. Based on 46 regular payments.
Payment history (46 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-02 | $0.41 | 0.0% | Cash | quarterly | - | 2026-03-02 | 2026-04-01 |
| 2025-12-01 | $0.41 | +2.5% | Cash | quarterly | - | 2025-12-01 | 2026-01-02 |
| 2025-09-02 | $0.4 | 0.0% | Cash | quarterly | - | 2025-09-02 | 2025-10-01 |
| 2025-05-30 | $0.4 | 0.0% | Cash | quarterly | - | 2025-06-02 | 2025-07-01 |
| 2025-02-28 | $0.4 | 0.0% | Cash | quarterly | - | 2025-03-03 | 2025-04-01 |
| 2024-12-02 | $0.4 | +8.1% | Cash | quarterly | - | 2024-12-02 | 2025-01-02 |
| 2024-09-03 | $0.37 | 0.0% | Cash | quarterly | - | 2024-09-03 | 2024-10-01 |
| 2024-06-03 | $0.37 | 0.0% | Cash | quarterly | - | 2024-06-03 | 2024-07-01 |
| 2024-03-01 | $0.37 | 0.0% | Cash | quarterly | - | 2024-03-04 | 2024-04-01 |
| 2023-12-01 | $0.37 | +8.8% | Cash | quarterly | - | 2023-12-04 | 2024-01-02 |
| 2023-09-01 | $0.34 | 0.0% | Cash | quarterly | - | 2023-09-05 | 2023-10-02 |
| 2023-06-02 | $0.34 | 0.0% | Cash | quarterly | - | 2023-06-05 | 2023-07-05 |
| 2023-03-03 | $0.34 | 0.0% | Cash | quarterly | - | 2023-03-06 | 2023-04-03 |
| 2022-12-02 | $0.34 | +11.5% | Cash | quarterly | - | 2022-12-05 | 2022-12-28 |
| 2022-09-02 | $0.305 | 0.0% | Cash | quarterly | - | 2022-09-06 | 2022-10-03 |
| 2022-06-01 | $0.305 | 0.0% | Cash | quarterly | - | 2022-06-06 | 2022-07-01 |
| 2022-03-04 | $0.305 | 0.0% | Cash | quarterly | - | 2022-03-07 | 2022-04-01 |
| 2021-12-03 | $0.305 | +10.9% | Cash | quarterly | - | 2021-12-06 | 2021-12-28 |
| 2021-08-27 | $0.275 | 0.0% | Cash | quarterly | - | 2021-08-30 | 2021-10-01 |
| 2021-05-28 | $0.275 | 0.0% | Cash | quarterly | - | 2021-06-01 | 2021-07-01 |
| 2021-02-26 | $0.275 | 0.0% | Cash | quarterly | - | 2021-03-01 | 2021-04-01 |
| 2020-12-04 | $0.275 | +12.2% | Cash | quarterly | - | 2020-12-07 | 2020-12-29 |
| 2020-08-28 | $0.245 | 0.0% | Cash | quarterly | - | 2020-08-31 | 2020-10-01 |
| 2020-05-29 | $0.245 | 0.0% | Cash | quarterly | - | 2020-06-01 | 2020-07-01 |
| 2020-02-28 | $0.245 | 0.0% | Cash | quarterly | - | 2020-03-02 | 2020-04-01 |
| 2019-11-29 | $0.245 | +11.4% | Cash | quarterly | - | 2019-12-02 | 2020-01-02 |
| 2019-08-30 | $0.22 | 0.0% | Cash | quarterly | - | 2019-09-03 | 2019-09-30 |
| 2019-05-31 | $0.22 | 0.0% | Cash | quarterly | - | 2019-06-03 | 2019-07-01 |
| 2019-03-01 | $0.22 | 0.0% | Cash | quarterly | - | 2019-03-04 | 2019-04-01 |
| 2018-11-30 | $0.22 | +10.0% | Cash | quarterly | - | 2018-12-03 | 2019-01-02 |
| 2018-08-31 | $0.2 | 0.0% | Cash | quarterly | - | 2018-09-04 | 2018-10-01 |
| 2018-06-01 | $0.2 | 0.0% | Cash | quarterly | - | 2018-06-04 | 2018-07-05 |
| 2018-03-02 | $0.2 | 0.0% | Cash | quarterly | - | 2018-03-05 | 2018-04-02 |
| 2017-12-01 | $0.2 | +11.1% | Cash | quarterly | - | 2017-12-04 | 2018-01-02 |
| 2017-08-31 | $0.18 | 0.0% | Cash | quarterly | - | 2017-09-05 | 2017-10-02 |
| 2017-06-01 | $0.18 | 0.0% | Cash | quarterly | - | 2017-06-05 | 2017-07-05 |
| 2017-03-02 | $0.18 | 0.0% | Cash | quarterly | - | 2017-03-06 | 2017-04-03 |
| 2016-12-01 | $0.18 | +12.5% | Cash | quarterly | - | 2016-12-05 | 2017-01-03 |
| 2016-09-02 | $0.16 | 0.0% | Cash | quarterly | - | 2016-09-06 | 2016-10-03 |
| 2016-06-02 | $0.16 | 0.0% | Cash | quarterly | - | 2016-06-06 | 2016-07-05 |
| 2016-03-03 | $0.16 | 0.0% | Cash | quarterly | - | 2016-03-07 | 2016-04-04 |
| 2015-12-07 | $0.16 | +14.3% | Cash | quarterly | - | 2015-12-09 | 2016-01-04 |
| 2015-09-03 | $0.14 | 0.0% | Cash | quarterly | - | 2015-09-08 | 2015-10-05 |
| 2015-05-28 | $0.14 | 0.0% | Cash | quarterly | - | 2015-06-01 | 2015-07-06 |
| 2015-02-26 | $0.14 | 0.0% | Cash | quarterly | - | 2015-03-02 | 2015-04-06 |
| 2014-12-11 | $0.14 | – | Cash | quarterly | - | 2014-12-15 | 2015-01-05 |
No splits on record.