Dividend Yield (TTM)
1.15%
vs 5Y avg 2.94% · 10Y avg 2.68%
Dividend Yield (Forward)
2.30%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.68
Forward (annualized): $3.36
Payout Ratio (EPS, TTM)
50.2%
Payout Ratio (FCF, TTM)
55.1%
Dividend CAGR (3Y / 5Y / 10Y)
3Y-4.0%5Y13.5%10Y0.8%
Consecutive Growth Years
1
as of 2025
Years Without a Cut
1
as of 2025
Total Shareholder Yield (TTM)
6.38%
Div 2.80% + Net buyback 3.58%
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 2.8% + Net buybacks 3.6%
Net Buyback (TTM)
$5.12B
Gross $5.12B − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (1.9% latest vs 24.3% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 3.18 | +1.9% | 1 | |
| 2024 | 3.12 | -20.2% | 1 | |
| 2023 | 3.91 | +8.9% | 3 | |
| 2022 | 3.59 | +84.1% | 5 | |
| 2021 | 1.95 | +15.4% | 1 | |
| 2020 | 1.69 | +26.6% | 1 | |
| 2019 | 1.34 | +15.1% | 1 | |
| 2018 | 1.16 | +9.4% | 2 | |
| 2017 | 1.06 | +6.0% | 1 | |
| 2016 | 1.00 | -66.0% | 0 | |
| 2015 | 2.94 | — | 1 |
Special dividends are excluded from these figures. Based on 52 regular payments.
Payment history (53 payments · 1 special)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-18 | $0.84 | 0.0% | Cash | quarterly | - | 2026-02-18 | 2026-03-02 |
| 2025-11-17 | $0.84 | +7.7% | Cash | quarterly | - | 2025-11-17 | 2025-12-01 |
| 2025-08-18 | $0.78 | 0.0% | Cash | quarterly | - | 2025-08-18 | 2025-09-02 |
| 2025-05-19 | $0.78 | 0.0% | Cash | quarterly | - | 2025-05-19 | 2025-06-02 |
| 2025-02-14 | $0.78 | 0.0% | Cash | quarterly | - | 2025-02-17 | 2025-03-03 |
| 2024-11-08 | $0.78 | 0.0% | Cash | quarterly | - | 2024-11-11 | 2024-12-02 |
| 2024-08-12 | $0.78 | 0.0% | Cash | quarterly | - | 2024-08-12 | 2024-09-03 |
| 2024-05-10 | $0.78 | 0.0% | Cash | quarterly | - | 2024-05-13 | 2024-06-03 |
| 2024-02-15 | $0.78 | +34.5% | Cash | quarterly | - | 2024-02-19 | 2024-03-01 |
| 2023-11-13 | $0.58 | -3.3% | Cash | quarterly | - | 2023-11-14 | 2023-12-01 |
| 2023-09-27 | $0.6 | +17.6% | Cash | quarterly | - | 2023-09-28 | 2023-10-16 |
| 2023-08-15 | $0.51 | -15.0% | Cash | quarterly | - | 2023-08-16 | 2023-09-01 |
| 2023-06-26 | $0.6 | +17.6% | Cash | quarterly | - | 2023-06-27 | 2023-07-14 |
| 2023-05-15 | $0.51 | -15.0% | Cash | quarterly | - | 2023-05-16 | 2023-06-01 |
| 2023-03-28 | $0.6 | +17.6% | Cash | quarterly | - | 2023-03-29 | 2023-04-14 |
| 2023-02-13 | $0.51 | -27.1% | Cash | quarterly | - | 2023-02-14 | 2023-03-01 |
| 2022-12-23 | $0.7 | +37.3% | Cash | quarterly | - | 2022-12-27 | 2023-01-13 |
| 2022-11-14 | $0.51 | +10.9% | Cash | quarterly | - | 2022-11-15 | 2022-12-01 |
| 2022-09-28 | $1.4 | – | Special | — | - | 2022-09-29 | 2022-10-14 |
| 2022-08-15 | $0.46 | -34.3% | Cash | quarterly | - | 2022-08-16 | 2022-09-01 |
| 2022-06-27 | $0.7 | +52.2% | Cash | quarterly | - | 2022-06-28 | 2022-07-15 |
| 2022-05-16 | $0.46 | +53.3% | Cash | quarterly | - | 2022-05-17 | 2022-06-01 |
| 2022-03-30 | $0.3 | -34.8% | Cash | quarterly | - | 2022-03-31 | 2022-04-14 |
| 2022-02-11 | $0.46 | +130.0% | Cash | quarterly | - | 2022-02-14 | 2022-03-01 |
| 2021-12-31 | $0.2 | -56.5% | Cash | quarterly | - | 2022-01-03 | 2022-01-14 |
| 2021-10-27 | $0.46 | +7.0% | Cash | quarterly | - | 2021-10-28 | 2021-12-01 |
| 2021-07-23 | $0.43 | 0.0% | Cash | quarterly | - | 2021-07-26 | 2021-09-01 |
| 2021-05-13 | $0.43 | 0.0% | Cash | quarterly | - | 2021-05-14 | 2021-06-01 |
| 2021-02-11 | $0.43 | 0.0% | Cash | quarterly | - | 2021-02-12 | 2021-03-01 |
| 2020-10-16 | $0.43 | +2.4% | Cash | quarterly | - | 2020-10-19 | 2020-12-01 |
| 2020-07-17 | $0.42 | 0.0% | Cash | quarterly | - | 2020-07-20 | 2020-09-01 |
| 2020-05-07 | $0.42 | 0.0% | Cash | quarterly | - | 2020-05-11 | 2020-06-01 |
| 2020-02-13 | $0.42 | 0.0% | Cash | quarterly | - | 2020-02-14 | 2020-03-02 |
| 2019-10-16 | $0.42 | +37.7% | Cash | quarterly | - | 2019-10-17 | 2019-12-02 |
| 2019-07-19 | $0.305 | 0.0% | Cash | quarterly | - | 2019-07-22 | 2019-09-03 |
| 2019-05-10 | $0.305 | 0.0% | Cash | quarterly | - | 2019-05-13 | 2019-06-03 |
| 2019-02-08 | $0.305 | 0.0% | Cash | quarterly | - | 2019-02-11 | 2019-03-01 |
| 2018-10-12 | $0.305 | +7.0% | Cash | quarterly | - | 2018-10-15 | 2018-12-03 |
| 2018-07-20 | $0.285 | 0.0% | Cash | quarterly | - | 2018-07-23 | 2018-09-04 |
| 2018-05-11 | $0.285 | 0.0% | Cash | quarterly | - | 2018-05-14 | 2018-06-01 |
| 2018-02-09 | $0.285 | +7.5% | Cash | quarterly | - | 2018-02-12 | 2018-03-01 |
| 2017-10-13 | $0.265 | 0.0% | Cash | quarterly | - | 2017-10-16 | 2017-12-01 |
| 2017-07-20 | $0.265 | 0.0% | Cash | quarterly | - | 2017-07-24 | 2017-09-01 |
| 2017-05-11 | $0.265 | 0.0% | Cash | quarterly | - | 2017-05-15 | 2017-06-01 |
| 2017-02-10 | $0.265 | +6.0% | Cash | quarterly | - | 2017-02-14 | 2017-03-01 |
| 2016-10-13 | $0.25 | 0.0% | Cash | quarterly | - | 2016-10-17 | 2016-12-01 |
| 2016-07-21 | $0.25 | 0.0% | Cash | quarterly | - | 2016-07-25 | 2016-09-01 |
| 2016-05-18 | $0.25 | 0.0% | Cash | quarterly | - | 2016-05-20 | 2016-06-01 |
| 2016-02-11 | $0.25 | -66.2% | Cash | quarterly | - | 2016-02-16 | 2016-03-01 |
| 2015-10-15 | $0.74 | 0.0% | Cash | quarterly | - | 2015-10-19 | 2015-12-01 |
| 2015-07-23 | $0.74 | +1.4% | Cash | quarterly | - | 2015-07-27 | 2015-09-01 |
| 2015-05-20 | $0.73 | 0.0% | Cash | quarterly | - | 2015-05-22 | 2015-06-01 |
| 2015-02-12 | $0.73 | – | Cash | quarterly | - | 2015-02-17 | 2015-03-02 |
No splits on record.