Dividend Yield (TTM)
1.16%
vs 5Y avg 3.36% · 10Y avg 4.23%
Dividend Yield (Forward)
2.31%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.06
Forward (annualized): $4.12
Payout Ratio (EPS, TTM)
59.8%
Payout Ratio (FCF, TTM)
73.0%
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.1%5Y2.8%10Y3.3%
Consecutive Growth Years
11
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
5.97%
Div 2.74% + Net buyback 3.23%
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)
6.0%
Dividends 2.7% + Net buybacks 3.2%
Net Buyback (TTM)
$20.27B
Gross $20.27B − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (4.2% latest vs 3.2% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 4.00 | +4.2% | 1 | |
| 2024 | 3.84 | +4.3% | 1 | |
| 2023 | 3.68 | +3.7% | 1 | |
| 2022 | 3.55 | +1.7% | 1 | |
| 2021 | 3.49 | +0.3% | 1 | |
| 2020 | 3.48 | +1.5% | 0 | |
| 2019 | 3.43 | +6.2% | 1 | |
| 2018 | 3.23 | +5.6% | 1 | |
| 2017 | 3.06 | +2.7% | 1 | |
| 2016 | 2.98 | +3.5% | 1 | |
| 2015 | 2.88 | +317.4% | 1 | |
| 2014 | 0.69 | — | 0 |
Special dividends are excluded from these figures. Based on 46 regular payments.
Payment history (46 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-12 | $1.03 | 0.0% | Cash | quarterly | - | 2026-02-12 | 2026-03-10 |
| 2025-11-14 | $1.03 | +4.0% | Cash | quarterly | - | 2025-11-14 | 2025-12-10 |
| 2025-08-15 | $0.99 | 0.0% | Cash | quarterly | - | 2025-08-15 | 2025-09-10 |
| 2025-05-15 | $0.99 | 0.0% | Cash | quarterly | - | 2025-05-15 | 2025-06-10 |
| 2025-02-12 | $0.99 | 0.0% | Cash | quarterly | - | 2025-02-12 | 2025-03-10 |
| 2024-11-14 | $0.99 | +4.2% | Cash | quarterly | - | 2024-11-14 | 2024-12-10 |
| 2024-08-15 | $0.95 | 0.0% | Cash | quarterly | - | 2024-08-15 | 2024-09-10 |
| 2024-05-14 | $0.95 | 0.0% | Cash | quarterly | - | 2024-05-15 | 2024-06-10 |
| 2024-02-13 | $0.95 | 0.0% | Cash | quarterly | - | 2024-02-14 | 2024-03-11 |
| 2023-11-14 | $0.95 | +4.4% | Cash | quarterly | - | 2023-11-15 | 2023-12-11 |
| 2023-08-15 | $0.91 | 0.0% | Cash | quarterly | - | 2023-08-16 | 2023-09-11 |
| 2023-05-15 | $0.91 | 0.0% | Cash | quarterly | - | 2023-05-16 | 2023-06-09 |
| 2023-02-13 | $0.91 | 0.0% | Cash | quarterly | - | 2023-02-14 | 2023-03-10 |
| 2022-11-14 | $0.91 | +3.4% | Cash | quarterly | - | 2022-11-15 | 2022-12-09 |
| 2022-08-11 | $0.88 | 0.0% | Cash | quarterly | - | 2022-08-12 | 2022-09-09 |
| 2022-05-12 | $0.88 | 0.0% | Cash | quarterly | - | 2022-05-13 | 2022-06-10 |
| 2022-02-09 | $0.88 | 0.0% | Cash | quarterly | - | 2022-02-10 | 2022-03-10 |
| 2021-11-10 | $0.88 | +1.1% | Cash | quarterly | - | 2021-11-12 | 2021-12-10 |
| 2021-08-12 | $0.87 | 0.0% | Cash | quarterly | - | 2021-08-13 | 2021-09-10 |
| 2021-05-12 | $0.87 | 0.0% | Cash | quarterly | - | 2021-05-13 | 2021-06-10 |
| 2021-02-09 | $0.87 | 0.0% | Cash | quarterly | - | 2021-02-10 | 2021-03-10 |
| 2020-11-11 | $0.87 | 0.0% | Cash | quarterly | - | 2020-11-12 | 2020-12-10 |
| 2020-08-12 | $0.87 | 0.0% | Cash | quarterly | - | 2020-08-13 | 2020-09-10 |
| 2020-05-12 | $0.87 | 0.0% | Cash | quarterly | - | 2020-05-13 | 2020-06-10 |
| 2020-02-10 | $0.87 | 0.0% | Cash | quarterly | - | 2020-02-11 | 2020-03-10 |
| 2019-11-08 | $0.87 | 0.0% | Cash | quarterly | - | 2019-11-12 | 2019-12-10 |
| 2019-08-12 | $0.87 | 0.0% | Cash | quarterly | - | 2019-08-13 | 2019-09-10 |
| 2019-05-10 | $0.87 | +6.1% | Cash | quarterly | - | 2019-05-13 | 2019-06-10 |
| 2019-02-08 | $0.82 | 0.0% | Cash | quarterly | - | 2019-02-11 | 2019-03-11 |
| 2018-11-09 | $0.82 | 0.0% | Cash | quarterly | - | 2018-11-13 | 2018-12-10 |
| 2018-08-10 | $0.82 | 0.0% | Cash | quarterly | - | 2018-08-13 | 2018-09-10 |
| 2018-05-11 | $0.82 | +6.5% | Cash | quarterly | - | 2018-05-14 | 2018-06-11 |
| 2018-02-09 | $0.77 | 0.0% | Cash | quarterly | - | 2018-02-12 | 2018-03-09 |
| 2017-11-10 | $0.77 | 0.0% | Cash | quarterly | - | 2017-11-13 | 2017-12-11 |
| 2017-08-10 | $0.77 | 0.0% | Cash | quarterly | - | 2017-08-14 | 2017-09-11 |
| 2017-05-10 | $0.77 | +2.7% | Cash | quarterly | - | 2017-05-12 | 2017-06-09 |
| 2017-02-08 | $0.75 | 0.0% | Cash | quarterly | - | 2017-02-10 | 2017-03-10 |
| 2016-11-08 | $0.75 | 0.0% | Cash | quarterly | - | 2016-11-10 | 2016-12-09 |
| 2016-08-10 | $0.75 | 0.0% | Cash | quarterly | - | 2016-08-12 | 2016-09-09 |
| 2016-05-11 | $0.75 | +2.7% | Cash | quarterly | - | 2016-05-13 | 2016-06-10 |
| 2016-02-09 | $0.73 | 0.0% | Cash | quarterly | - | 2016-02-11 | 2016-03-10 |
| 2015-11-09 | $0.73 | 0.0% | Cash | quarterly | - | 2015-11-12 | 2015-12-10 |
| 2015-08-11 | $0.73 | 0.0% | Cash | quarterly | - | 2015-08-13 | 2015-09-10 |
| 2015-05-11 | $0.73 | +5.8% | Cash | quarterly | - | 2015-05-13 | 2015-06-10 |
| 2015-02-06 | $0.69 | 0.0% | Cash | quarterly | - | 2015-02-10 | 2015-03-10 |
| 2014-11-07 | $0.69 | – | Cash | quarterly | - | 2014-11-12 | 2014-12-10 |
No splits on record.