Dividend Yield (TTM)
2.08%
vs 5Y avg 3.91% · 10Y avg 2.91%
Dividend Yield (Forward)
4.15%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.26
Forward (annualized): $2.52
Payout Ratio (EPS, TTM)
72.2%
Payout Ratio (FCF, TTM)
39.5%
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.7%5Y1.6%10Y5.2%
Consecutive Growth Years
4
as of 2025
Years Without a Cut
4
as of 2025
Total Shareholder Yield (TTM)
3.97%
Div 3.97% + Net buyback 0.00%
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)
4.0%
Dividends 4.0% + Net buybacks 0.0%
Net Buyback (TTM)
$0
Gross $0 − Issuance $0
SBC (TTM)
$553M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (3.3% latest vs 19.3% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 2.48 | +3.3% | 1 | |
| 2024 | 2.40 | +5.3% | 1 | |
| 2023 | 2.28 | +5.6% | 1 | |
| 2022 | 2.16 | +46.9% | 1 | |
| 2021 | 1.47 | -35.8% | 0 | |
| 2020 | 2.29 | +39.6% | 2 | |
| 2019 | 1.64 | — | 1 | |
| 2017 | 0.39 | -65.8% | 1 | |
| 2016 | 1.14 | -23.5% | 0 | |
| 2015 | 1.49 | +302.7% | 1 | |
| 2014 | 0.37 | — | 0 |
Special dividends are excluded from these figures. Based on 39 regular payments.
Payment history (39 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-04-02 | $0.63 | 0.0% | Cash | quarterly | - | 2026-04-02 | 2026-05-01 |
| 2026-01-02 | $0.63 | +1.6% | Cash | quarterly | - | 2026-01-02 | 2026-02-02 |
| 2025-10-03 | $0.62 | 0.0% | Cash | quarterly | - | 2025-10-03 | 2025-11-03 |
| 2025-07-03 | $0.62 | 0.0% | Cash | quarterly | - | 2025-07-03 | 2025-08-01 |
| 2025-04-04 | $0.62 | 0.0% | Cash | quarterly | - | 2025-04-04 | 2025-05-01 |
| 2025-01-03 | $0.62 | +3.3% | Cash | quarterly | - | 2025-01-03 | 2025-02-03 |
| 2024-10-04 | $0.6 | 0.0% | Cash | quarterly | - | 2024-10-04 | 2024-11-01 |
| 2024-07-05 | $0.6 | 0.0% | Cash | quarterly | - | 2024-07-05 | 2024-08-01 |
| 2024-04-04 | $0.6 | 0.0% | Cash | quarterly | - | 2024-04-05 | 2024-05-01 |
| 2024-01-04 | $0.6 | +5.3% | Cash | quarterly | - | 2024-01-05 | 2024-02-01 |
| 2023-10-05 | $0.57 | 0.0% | Cash | quarterly | - | 2023-10-06 | 2023-11-01 |
| 2023-07-06 | $0.57 | 0.0% | Cash | quarterly | - | 2023-07-07 | 2023-08-01 |
| 2023-04-06 | $0.57 | 0.0% | Cash | quarterly | - | 2023-04-10 | 2023-05-01 |
| 2023-01-05 | $0.57 | +5.6% | Cash | quarterly | - | 2023-01-06 | 2023-02-01 |
| 2022-10-06 | $0.54 | 0.0% | Cash | quarterly | - | 2022-10-07 | 2022-11-01 |
| 2022-06-30 | $0.54 | 0.0% | Cash | quarterly | - | 2022-07-01 | 2022-08-01 |
| 2022-03-31 | $0.54 | 0.0% | Cash | quarterly | - | 2022-04-01 | 2022-05-02 |
| 2022-01-06 | $0.54 | +10.2% | Cash | quarterly | - | 2022-01-07 | 2022-02-01 |
| 2021-09-30 | $0.49 | 0.0% | Cash | quarterly | - | 2021-10-01 | 2021-11-01 |
| 2021-07-01 | $0.49 | 0.0% | Cash | quarterly | - | 2021-07-02 | 2021-08-02 |
| 2021-03-31 | $0.49 | 0.0% | Cash | quarterly | - | 2021-04-01 | 2021-05-03 |
| 2020-12-31 | $0.49 | +8.9% | Cash | quarterly | - | 2021-01-04 | 2021-02-01 |
| 2020-10-01 | $0.45 | 0.0% | Cash | quarterly | - | 2020-10-02 | 2020-11-02 |
| 2020-07-02 | $0.45 | 0.0% | Cash | quarterly | - | 2020-07-06 | 2020-08-03 |
| 2020-04-02 | $0.45 | 0.0% | Cash | quarterly | - | 2020-04-03 | 2020-05-01 |
| 2020-01-02 | $0.45 | +9.8% | Cash | quarterly | - | 2020-01-03 | 2020-02-03 |
| 2019-10-03 | $0.41 | 0.0% | Cash | quarterly | - | 2019-10-04 | 2019-11-01 |
| 2019-07-03 | $0.41 | 0.0% | Cash | quarterly | - | 2019-07-05 | 2019-08-01 |
| 2019-04-04 | $0.41 | 0.0% | Cash | quarterly | - | 2019-04-05 | 2019-05-01 |
| 2019-01-03 | $0.41 | +5.1% | Cash | quarterly | - | 2019-01-04 | 2019-02-01 |
| 2017-01-04 | $0.39 | +2.6% | Cash | quarterly | - | 2017-01-06 | 2017-02-01 |
| 2016-10-05 | $0.38 | 0.0% | Cash | quarterly | - | 2016-10-07 | 2016-11-01 |
| 2016-06-29 | $0.38 | 0.0% | Cash | quarterly | - | 2016-07-01 | 2016-08-01 |
| 2016-03-30 | $0.38 | 0.0% | Cash | quarterly | - | 2016-04-01 | 2016-05-02 |
| 2015-12-30 | $0.38 | +2.7% | Cash | quarterly | - | 2016-01-04 | 2016-02-01 |
| 2015-09-30 | $0.37 | 0.0% | Cash | quarterly | - | 2015-10-02 | 2015-11-02 |
| 2015-07-01 | $0.37 | 0.0% | Cash | quarterly | - | 2015-07-06 | 2015-08-03 |
| 2015-04-01 | $0.37 | 0.0% | Cash | quarterly | - | 2015-04-06 | 2015-05-01 |
| 2014-12-30 | $0.37 | – | Cash | quarterly | - | 2015-01-02 | 2015-02-02 |
No splits on record.