Dividend Yield (TTM)
1.10%
vs 5Y avg 2.06% · 10Y avg 2.04%
Dividend Yield (Forward)
2.20%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.10
Forward (annualized): $4.20
Payout Ratio (EPS, TTM)
68.0%
Payout Ratio (FCF, TTM)
45.5%
Dividend CAGR (3Y / 5Y / 10Y)
3Y5.8%5Y5.4%10Y5.4%
Consecutive Growth Years
11
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
2.96%
Div 2.45% + Net buyback 0.51%
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)
3.0%
Dividends 2.4% + Net buybacks 0.5%
Net Buyback (TTM)
$250M
Gross $250M − Issuance $0
SBC (TTM)
$259M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (7.2% latest vs 5.0% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 4.17 | +7.2% | 1 | |
| 2024 | 3.89 | +5.7% | 1 | |
| 2023 | 3.68 | +4.5% | 1 | |
| 2022 | 3.52 | +4.8% | 1 | |
| 2021 | 3.36 | +5.0% | 1 | |
| 2020 | 3.20 | +3.2% | 1 | |
| 2019 | 3.10 | +2.6% | 1 | |
| 2018 | 3.02 | +2.7% | 1 | |
| 2017 | 2.94 | +8.5% | 1 | |
| 2016 | 2.71 | +10.2% | 1 | |
| 2015 | 2.46 | +310.0% | 1 | |
| 2014 | 0.60 | — | 0 |
Special dividends are excluded from these figures. Based on 46 regular payments.
Payment history (46 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-10 | $1.05 | 0.0% | Cash | quarterly | - | 2026-03-10 | 2026-03-31 |
| 2025-12-08 | $1.05 | +1.0% | Cash | quarterly | - | 2025-12-08 | 2025-12-31 |
| 2025-09-08 | $1.04 | 0.0% | Cash | quarterly | - | 2025-09-08 | 2025-09-30 |
| 2025-06-09 | $1.04 | 0.0% | Cash | quarterly | - | 2025-06-09 | 2025-06-30 |
| 2025-03-10 | $1.04 | 0.0% | Cash | quarterly | - | 2025-03-10 | 2025-03-31 |
| 2024-12-09 | $1.04 | +9.5% | Cash | quarterly | - | 2024-12-09 | 2024-12-31 |
| 2024-09-09 | $0.95 | 0.0% | Cash | quarterly | - | 2024-09-09 | 2024-09-30 |
| 2024-06-10 | $0.95 | 0.0% | Cash | quarterly | - | 2024-06-10 | 2024-06-28 |
| 2024-03-07 | $0.95 | 0.0% | Cash | quarterly | - | 2024-03-08 | 2024-03-29 |
| 2023-12-07 | $0.95 | +4.4% | Cash | quarterly | - | 2023-12-08 | 2023-12-29 |
| 2023-09-07 | $0.91 | 0.0% | Cash | quarterly | - | 2023-09-08 | 2023-09-29 |
| 2023-06-08 | $0.91 | 0.0% | Cash | quarterly | - | 2023-06-09 | 2023-06-30 |
| 2023-03-09 | $0.91 | 0.0% | Cash | quarterly | - | 2023-03-10 | 2023-03-31 |
| 2022-12-08 | $0.91 | +4.6% | Cash | quarterly | - | 2022-12-09 | 2022-12-30 |
| 2022-09-08 | $0.87 | 0.0% | Cash | quarterly | - | 2022-09-09 | 2022-09-30 |
| 2022-06-08 | $0.87 | 0.0% | Cash | quarterly | - | 2022-06-09 | 2022-06-30 |
| 2022-03-09 | $0.87 | 0.0% | Cash | quarterly | - | 2022-03-10 | 2022-03-31 |
| 2021-12-09 | $0.87 | +4.8% | Cash | quarterly | - | 2021-12-10 | 2021-12-31 |
| 2021-09-08 | $0.83 | 0.0% | Cash | quarterly | - | 2021-09-09 | 2021-09-30 |
| 2021-06-08 | $0.83 | 0.0% | Cash | quarterly | - | 2021-06-09 | 2021-06-30 |
| 2021-03-09 | $0.83 | 0.0% | Cash | quarterly | - | 2021-03-10 | 2021-03-31 |
| 2020-12-09 | $0.83 | +5.1% | Cash | quarterly | - | 2020-12-10 | 2020-12-31 |
| 2020-09-08 | $0.79 | 0.0% | Cash | quarterly | - | 2020-09-09 | 2020-09-30 |
| 2020-06-08 | $0.79 | 0.0% | Cash | quarterly | - | 2020-06-09 | 2020-06-30 |
| 2020-03-09 | $0.79 | 0.0% | Cash | quarterly | - | 2020-03-10 | 2020-03-31 |
| 2019-12-09 | $0.79 | +2.6% | Cash | quarterly | - | 2019-12-10 | 2019-12-31 |
| 2019-09-06 | $0.77 | 0.0% | Cash | quarterly | - | 2019-09-09 | 2019-09-30 |
| 2019-06-06 | $0.77 | 0.0% | Cash | quarterly | - | 2019-06-07 | 2019-06-28 |
| 2019-03-07 | $0.77 | 0.0% | Cash | quarterly | - | 2019-03-08 | 2019-03-29 |
| 2018-12-07 | $0.77 | +2.7% | Cash | quarterly | - | 2018-12-10 | 2018-12-31 |
| 2018-09-06 | $0.75 | 0.0% | Cash | quarterly | - | 2018-09-07 | 2018-09-28 |
| 2018-06-07 | $0.75 | 0.0% | Cash | quarterly | - | 2018-06-08 | 2018-06-29 |
| 2018-03-08 | $0.75 | 0.0% | Cash | quarterly | - | 2018-03-09 | 2018-03-30 |
| 2017-12-07 | $0.75 | +2.7% | Cash | quarterly | - | 2017-12-08 | 2017-12-29 |
| 2017-09-07 | $0.73 | 0.0% | Cash | quarterly | - | 2017-09-08 | 2017-09-29 |
| 2017-06-07 | $0.73 | 0.0% | Cash | quarterly | - | 2017-06-09 | 2017-06-30 |
| 2017-03-08 | $0.73 | 0.0% | Cash | quarterly | - | 2017-03-10 | 2017-03-31 |
| 2016-12-07 | $0.73 | +10.6% | Cash | quarterly | - | 2016-12-09 | 2016-12-30 |
| 2016-09-07 | $0.66 | 0.0% | Cash | quarterly | - | 2016-09-09 | 2016-09-30 |
| 2016-06-07 | $0.66 | 0.0% | Cash | quarterly | - | 2016-06-09 | 2016-06-30 |
| 2016-03-08 | $0.66 | 0.0% | Cash | quarterly | - | 2016-03-10 | 2016-03-31 |
| 2015-12-08 | $0.66 | +10.0% | Cash | quarterly | - | 2015-12-10 | 2015-12-31 |
| 2015-09-04 | $0.6 | 0.0% | Cash | quarterly | - | 2015-09-09 | 2015-09-30 |
| 2015-06-05 | $0.6 | 0.0% | Cash | quarterly | - | 2015-06-09 | 2015-06-30 |
| 2015-03-06 | $0.6 | 0.0% | Cash | quarterly | - | 2015-03-10 | 2015-03-31 |
| 2014-12-08 | $0.6 | – | Cash | quarterly | - | 2014-12-10 | 2014-12-31 |
No splits on record.