Dividend Yield (TTM)
0.94%
vs 5Y avg 3.26% · 10Y avg 2.89%
Dividend Yield (Forward)
1.89%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.20
Forward (annualized): $2.40
Payout Ratio (EPS, TTM)
33.3%
Payout Ratio (FCF, TTM)
—
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.4%5Y2.6%10Y30.7%
Consecutive Growth Years
3
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
9.77%
Div 2.82% + Net buyback 6.95%
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)
9.8%
Dividends 2.8% + Net buybacks 7.0%
Net Buyback (TTM)
$13.25B
Gross $13.25B − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (6.4% latest vs 2.3% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 2.32 | +6.4% | 1 | |
| 2024 | 2.18 | +4.8% | 1 | |
| 2023 | 2.08 | +2.0% | 1 | |
| 2022 | 2.04 | 0.0% | 0 | |
| 2021 | 2.04 | 0.0% | 0 | |
| 2020 | 2.04 | +6.3% | 0 | |
| 2019 | 1.92 | +24.7% | 1 | |
| 2018 | 1.54 | +60.4% | 1 | |
| 2017 | 0.96 | +128.6% | 1 | |
| 2016 | 0.42 | +162.5% | 1 | |
| 2015 | 0.16 | +1,500.0% | 1 | |
| 2014 | 0.01 | — | 0 |
Special dividends are excluded from these figures. Based on 46 regular payments.
Payment history (46 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-02 | $0.6 | 0.0% | Cash | quarterly | - | 2026-02-02 | 2026-02-27 |
| 2025-11-03 | $0.6 | 0.0% | Cash | quarterly | - | 2025-11-03 | 2025-11-26 |
| 2025-08-04 | $0.6 | +7.1% | Cash | quarterly | - | 2025-08-04 | 2025-08-22 |
| 2025-05-06 | $0.56 | 0.0% | Cash | quarterly | - | 2025-05-05 | 2025-05-23 |
| 2025-02-03 | $0.56 | 0.0% | Cash | quarterly | - | 2025-02-03 | 2025-02-28 |
| 2024-11-04 | $0.56 | 0.0% | Cash | quarterly | - | 2024-11-04 | 2024-11-22 |
| 2024-08-05 | $0.56 | +5.7% | Cash | quarterly | - | 2024-08-05 | 2024-08-23 |
| 2024-05-03 | $0.53 | 0.0% | Cash | quarterly | - | 2024-05-06 | 2024-05-24 |
| 2024-02-02 | $0.53 | 0.0% | Cash | quarterly | - | 2024-02-05 | 2024-02-23 |
| 2023-11-03 | $0.53 | 0.0% | Cash | quarterly | - | 2023-11-06 | 2023-11-22 |
| 2023-08-04 | $0.53 | +3.9% | Cash | quarterly | - | 2023-08-07 | 2023-08-25 |
| 2023-04-28 | $0.51 | 0.0% | Cash | quarterly | - | 2023-05-01 | 2023-05-26 |
| 2023-02-03 | $0.51 | 0.0% | Cash | quarterly | - | 2023-02-06 | 2023-02-24 |
| 2022-11-04 | $0.51 | 0.0% | Cash | quarterly | - | 2022-11-07 | 2022-11-23 |
| 2022-07-29 | $0.51 | 0.0% | Cash | quarterly | - | 2022-08-01 | 2022-08-26 |
| 2022-04-29 | $0.51 | 0.0% | Cash | quarterly | - | 2022-05-02 | 2022-05-27 |
| 2022-02-04 | $0.51 | 0.0% | Cash | quarterly | - | 2022-02-07 | 2022-02-25 |
| 2021-10-29 | $0.51 | 0.0% | Cash | quarterly | - | 2021-11-01 | 2021-11-24 |
| 2021-07-30 | $0.51 | 0.0% | Cash | quarterly | - | 2021-08-02 | 2021-08-27 |
| 2021-04-30 | $0.51 | 0.0% | Cash | quarterly | - | 2021-05-03 | 2021-05-28 |
| 2021-01-29 | $0.51 | 0.0% | Cash | quarterly | - | 2021-02-01 | 2021-02-26 |
| 2020-10-30 | $0.51 | 0.0% | Cash | quarterly | - | 2020-11-02 | 2020-11-25 |
| 2020-07-31 | $0.51 | 0.0% | Cash | quarterly | - | 2020-08-03 | 2020-08-28 |
| 2020-05-01 | $0.51 | 0.0% | Cash | quarterly | - | 2020-05-04 | 2020-05-22 |
| 2020-01-31 | $0.51 | 0.0% | Cash | quarterly | - | 2020-02-03 | 2020-02-28 |
| 2019-11-01 | $0.51 | 0.0% | Cash | quarterly | - | 2019-11-04 | 2019-11-22 |
| 2019-08-02 | $0.51 | +13.3% | Cash | quarterly | - | 2019-08-05 | 2019-08-23 |
| 2019-05-03 | $0.45 | 0.0% | Cash | quarterly | - | 2019-05-06 | 2019-05-24 |
| 2019-02-01 | $0.45 | 0.0% | Cash | quarterly | - | 2019-02-04 | 2019-02-22 |
| 2018-11-02 | $0.45 | 0.0% | Cash | quarterly | - | 2018-11-05 | 2018-11-21 |
| 2018-08-03 | $0.45 | +40.6% | Cash | quarterly | - | 2018-08-06 | 2018-08-24 |
| 2018-05-04 | $0.32 | 0.0% | Cash | quarterly | - | 2018-05-07 | 2018-05-25 |
| 2018-02-02 | $0.32 | 0.0% | Cash | quarterly | - | 2018-02-05 | 2018-02-23 |
| 2017-11-03 | $0.32 | 0.0% | Cash | quarterly | - | 2017-11-06 | 2017-11-22 |
| 2017-08-03 | $0.32 | +100.0% | Cash | quarterly | - | 2017-08-07 | 2017-08-25 |
| 2017-04-27 | $0.16 | 0.0% | Cash | quarterly | - | 2017-05-01 | 2017-05-26 |
| 2017-02-02 | $0.16 | 0.0% | Cash | quarterly | - | 2017-02-06 | 2017-02-24 |
| 2016-11-03 | $0.16 | 0.0% | Cash | quarterly | - | 2016-11-07 | 2016-11-23 |
| 2016-07-28 | $0.16 | +220.0% | Cash | quarterly | - | 2016-08-01 | 2016-08-26 |
| 2016-04-28 | $0.05 | 0.0% | Cash | quarterly | - | 2016-05-02 | 2016-05-27 |
| 2016-01-28 | $0.05 | 0.0% | Cash | quarterly | - | 2016-02-01 | 2016-02-26 |
| 2015-10-29 | $0.05 | 0.0% | Cash | quarterly | - | 2015-11-02 | 2015-11-25 |
| 2015-07-30 | $0.05 | 0.0% | Cash | quarterly | - | 2015-08-03 | 2015-08-28 |
| 2015-05-07 | $0.05 | +400.0% | Cash | quarterly | - | 2015-05-11 | 2015-05-22 |
| 2015-01-29 | $0.01 | 0.0% | Cash | quarterly | - | 2015-02-02 | 2015-02-27 |
| 2014-10-30 | $0.01 | – | Cash | quarterly | - | 2014-11-03 | 2014-11-26 |
No splits on record.