Dividend Yield (TTM)
1.57%
vs 5Y avg 2.48% · 10Y avg 2.27%
Dividend Yield (Forward)
3.13%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.00
Forward (annualized): $2.00
Payout Ratio (EPS, TTM)
103.2%
Payout Ratio (FCF, TTM)
77.6%
Dividend CAGR (3Y / 5Y / 10Y)
3Y9.7%5Y10.1%10Y11.7%
Consecutive Growth Years
11
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
6.51%
Div 3.32% + Net buyback 3.19%
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)
6.5%
Dividends 3.3% + Net buybacks 3.2%
Net Buyback (TTM)
$2.38B
Gross $2.38B − Issuance $0
SBC (TTM)
$114M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (8.4% latest vs 10.4% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.94 | +8.4% | 1 | |
| 2024 | 1.79 | +10.5% | 1 | |
| 2023 | 1.62 | +10.2% | 1 | |
| 2022 | 1.47 | +10.5% | 1 | |
| 2021 | 1.33 | +10.8% | 1 | |
| 2020 | 1.20 | +10.1% | 1 | |
| 2019 | 1.09 | +13.5% | 1 | |
| 2018 | 0.96 | +17.1% | 1 | |
| 2017 | 0.82 | +13.9% | 1 | |
| 2016 | 0.72 | +12.5% | 1 | |
| 2015 | 0.64 | +326.7% | 1 | |
| 2014 | 0.15 | — | 0 |
Special dividends are excluded from these figures. Based on 46 regular payments.
Payment history (46 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-31 | $0.5 | 0.0% | Cash | quarterly | - | 2026-03-31 | 2026-04-14 |
| 2025-12-31 | $0.5 | 0.0% | Cash | quarterly | - | 2025-12-31 | 2026-01-14 |
| 2025-09-30 | $0.5 | +6.4% | Cash | quarterly | - | 2025-09-30 | 2025-10-14 |
| 2025-06-30 | $0.47 | 0.0% | Cash | quarterly | - | 2025-06-30 | 2025-07-14 |
| 2025-03-31 | $0.47 | 0.0% | Cash | quarterly | - | 2025-03-31 | 2025-04-14 |
| 2024-12-31 | $0.47 | 0.0% | Cash | quarterly | - | 2024-12-31 | 2025-01-14 |
| 2024-09-30 | $0.47 | +10.6% | Cash | quarterly | - | 2024-09-30 | 2024-10-14 |
| 2024-06-28 | $0.425 | 0.0% | Cash | quarterly | - | 2024-06-28 | 2024-07-12 |
| 2024-03-27 | $0.425 | 0.0% | Cash | quarterly | - | 2024-03-28 | 2024-04-11 |
| 2023-12-28 | $0.425 | 0.0% | Cash | quarterly | - | 2023-12-29 | 2024-01-12 |
| 2023-09-28 | $0.425 | +10.4% | Cash | quarterly | - | 2023-09-29 | 2023-10-13 |
| 2023-06-29 | $0.385 | 0.0% | Cash | quarterly | - | 2023-06-30 | 2023-07-14 |
| 2023-03-30 | $0.385 | 0.0% | Cash | quarterly | - | 2023-03-31 | 2023-04-14 |
| 2022-12-29 | $0.385 | 0.0% | Cash | quarterly | - | 2022-12-30 | 2023-01-13 |
| 2022-09-29 | $0.385 | +10.0% | Cash | quarterly | - | 2022-09-30 | 2022-10-14 |
| 2022-06-29 | $0.35 | 0.0% | Cash | quarterly | - | 2022-06-30 | 2022-07-14 |
| 2022-03-30 | $0.35 | 0.0% | Cash | quarterly | - | 2022-03-31 | 2022-04-14 |
| 2021-12-30 | $0.35 | 0.0% | Cash | quarterly | - | 2021-12-31 | 2022-01-14 |
| 2021-09-29 | $0.35 | +11.1% | Cash | quarterly | - | 2021-09-30 | 2021-10-14 |
| 2021-06-29 | $0.315 | 0.0% | Cash | quarterly | - | 2021-06-30 | 2021-07-14 |
| 2021-03-30 | $0.315 | 0.0% | Cash | quarterly | - | 2021-03-31 | 2021-04-14 |
| 2020-12-30 | $0.315 | 0.0% | Cash | quarterly | - | 2020-12-31 | 2021-01-14 |
| 2020-09-29 | $0.315 | +10.5% | Cash | quarterly | - | 2020-09-30 | 2020-10-14 |
| 2020-06-29 | $0.285 | 0.0% | Cash | quarterly | - | 2020-06-30 | 2020-07-14 |
| 2020-03-30 | $0.285 | 0.0% | Cash | quarterly | - | 2020-03-31 | 2020-04-14 |
| 2019-12-30 | $0.285 | 0.0% | Cash | quarterly | - | 2019-12-31 | 2020-01-14 |
| 2019-09-27 | $0.285 | +9.6% | Cash | quarterly | - | 2019-09-30 | 2019-10-14 |
| 2019-06-27 | $0.26 | 0.0% | Cash | quarterly | - | 2019-06-28 | 2019-07-12 |
| 2019-03-28 | $0.26 | 0.0% | Cash | quarterly | - | 2019-03-29 | 2019-04-12 |
| 2018-12-28 | $0.26 | 0.0% | Cash | quarterly | - | 2018-12-31 | 2019-01-14 |
| 2018-09-27 | $0.26 | +18.2% | Cash | quarterly | - | 2018-09-28 | 2018-10-12 |
| 2018-06-28 | $0.22 | 0.0% | Cash | quarterly | - | 2018-06-29 | 2018-07-13 |
| 2018-03-28 | $0.22 | 0.0% | Cash | quarterly | - | 2018-03-29 | 2018-04-12 |
| 2017-12-28 | $0.22 | 0.0% | Cash | quarterly | - | 2017-12-29 | 2018-01-11 |
| 2017-09-28 | $0.22 | +15.8% | Cash | quarterly | - | 2017-09-29 | 2017-10-12 |
| 2017-06-28 | $0.19 | 0.0% | Cash | quarterly | - | 2017-06-30 | 2017-07-13 |
| 2017-03-29 | $0.19 | 0.0% | Cash | quarterly | - | 2017-03-31 | 2017-04-13 |
| 2016-12-28 | $0.19 | 0.0% | Cash | quarterly | - | 2016-12-30 | 2017-01-12 |
| 2016-09-28 | $0.19 | +11.8% | Cash | quarterly | - | 2016-09-30 | 2016-10-13 |
| 2016-06-28 | $0.17 | 0.0% | Cash | quarterly | - | 2016-06-30 | 2016-07-14 |
| 2016-03-29 | $0.17 | 0.0% | Cash | quarterly | - | 2016-03-31 | 2016-04-14 |
| 2015-12-29 | $0.17 | 0.0% | Cash | quarterly | - | 2015-12-31 | 2016-01-14 |
| 2015-09-28 | $0.17 | +13.3% | Cash | quarterly | - | 2015-09-30 | 2015-10-14 |
| 2015-06-26 | $0.15 | 0.0% | Cash | quarterly | - | 2015-06-30 | 2015-07-13 |
| 2015-03-27 | $0.15 | 0.0% | Cash | quarterly | - | 2015-03-31 | 2015-04-13 |
| 2014-12-29 | $0.15 | – | Cash | quarterly | - | 2014-12-31 | 2015-01-15 |
No splits on record.