Dividend Yield (TTM)
0.51%
vs 5Y avg 1.21% · 10Y avg 1.53%
Dividend Yield (Forward)
1.01%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.24
Forward (annualized): $6.48
Payout Ratio (EPS, TTM)
36.5%
Payout Ratio (FCF, TTM)
49.2%
Dividend CAGR (3Y / 5Y / 10Y)
3Y12.8%5Y16.3%10Y10.4%
Consecutive Growth Years
5
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
1.73%
Div 1.10% + Net buyback 0.63%
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)
1.7%
Dividends 1.1% + Net buybacks 0.6%
Net Buyback (TTM)
$999M
Gross $999M − Issuance $0
SBC (TTM)
$164M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (7.5% latest vs 15.6% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 6.48 | +7.5% | 0 | |
| 2024 | 6.03 | +13.3% | 1 | |
| 2023 | 5.32 | +18.0% | 3 | |
| 2022 | 4.51 | +15.6% | 2 | |
| 2021 | 3.90 | +28.3% | 2 | |
| 2020 | 3.04 | 0.0% | 0 | |
| 2019 | 3.04 | +10.9% | 0 | |
| 2018 | 2.74 | +14.2% | 2 | |
| 2017 | 2.40 | 0.0% | 0 | |
| 2016 | 2.40 | 0.0% | 0 | |
| 2015 | 2.40 | +300.0% | 0 | |
| 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 | ||
|---|---|---|---|---|---|---|---|
| 2026-03-31 | $1.62 | 0.0% | Cash | quarterly | - | 2026-03-31 | 2026-05-08 |
| 2025-12-31 | $1.62 | 0.0% | Cash | quarterly | - | 2025-12-31 | 2026-02-09 |
| 2025-09-30 | $1.62 | 0.0% | Cash | quarterly | - | 2025-09-30 | 2025-11-10 |
| 2025-06-30 | $1.62 | 0.0% | Cash | quarterly | - | 2025-06-30 | 2025-08-08 |
| 2025-03-31 | $1.62 | 0.0% | Cash | quarterly | - | 2025-03-31 | 2025-05-08 |
| 2024-12-31 | $1.62 | +10.2% | Cash | quarterly | - | 2024-12-31 | 2025-02-10 |
| 2024-09-30 | $1.47 | 0.0% | Cash | quarterly | - | 2024-09-30 | 2024-11-08 |
| 2024-06-28 | $1.47 | 0.0% | Cash | quarterly | - | 2024-06-28 | 2024-08-08 |
| 2024-03-27 | $1.47 | 0.0% | Cash | quarterly | - | 2024-03-29 | 2024-05-08 |
| 2023-12-28 | $1.47 | +8.9% | Cash | quarterly | - | 2023-12-29 | 2024-02-08 |
| 2023-09-28 | $1.35 | +8.0% | Cash | quarterly | - | 2023-09-29 | 2023-11-08 |
| 2023-06-29 | $1.25 | 0.0% | Cash | quarterly | - | 2023-06-30 | 2023-08-08 |
| 2023-03-30 | $1.25 | +4.2% | Cash | quarterly | - | 2023-03-31 | 2023-05-08 |
| 2022-12-29 | $1.2 | +6.2% | Cash | quarterly | - | 2022-12-30 | 2023-02-08 |
| 2022-09-29 | $1.13 | 0.0% | Cash | quarterly | - | 2022-09-30 | 2022-11-08 |
| 2022-06-29 | $1.13 | +7.6% | Cash | quarterly | - | 2022-06-30 | 2022-08-08 |
| 2022-03-30 | $1.05 | 0.0% | Cash | quarterly | - | 2022-03-31 | 2022-05-09 |
| 2021-12-30 | $1.05 | 0.0% | Cash | quarterly | - | 2021-12-31 | 2022-02-08 |
| 2021-09-29 | $1.05 | +16.7% | Cash | quarterly | - | 2021-09-30 | 2021-11-08 |
| 2021-06-29 | $0.9 | 0.0% | Cash | quarterly | - | 2021-06-30 | 2021-08-09 |
| 2021-03-30 | $0.9 | +18.4% | Cash | quarterly | - | 2021-03-31 | 2021-05-10 |
| 2020-12-30 | $0.76 | 0.0% | Cash | quarterly | - | 2020-12-31 | 2021-02-08 |
| 2020-09-29 | $0.76 | 0.0% | Cash | quarterly | - | 2020-09-30 | 2020-11-09 |
| 2020-06-29 | $0.76 | 0.0% | Cash | quarterly | - | 2020-06-30 | 2020-08-10 |
| 2020-03-30 | $0.76 | 0.0% | Cash | quarterly | - | 2020-03-31 | 2020-05-08 |
| 2019-12-30 | $0.76 | 0.0% | Cash | quarterly | - | 2019-12-31 | 2020-02-10 |
| 2019-09-27 | $0.76 | 0.0% | Cash | quarterly | - | 2019-09-30 | 2019-11-08 |
| 2019-06-27 | $0.76 | 0.0% | Cash | quarterly | - | 2019-06-28 | 2019-08-01 |
| 2019-03-28 | $0.76 | 0.0% | Cash | quarterly | - | 2019-03-29 | 2019-05-01 |
| 2018-12-28 | $0.76 | +10.1% | Cash | quarterly | - | 2018-12-31 | 2019-02-01 |
| 2018-09-27 | $0.69 | 0.0% | Cash | quarterly | - | 2018-09-28 | 2018-11-01 |
| 2018-06-28 | $0.69 | +15.0% | Cash | quarterly | - | 2018-06-29 | 2018-08-01 |
| 2018-03-28 | $0.6 | 0.0% | Cash | quarterly | - | 2018-03-29 | 2018-05-01 |
| 2017-12-28 | $0.6 | 0.0% | Cash | quarterly | - | 2017-12-29 | 2018-02-01 |
| 2017-09-28 | $0.6 | 0.0% | Cash | quarterly | - | 2017-09-29 | 2017-11-01 |
| 2017-06-28 | $0.6 | 0.0% | Cash | quarterly | - | 2017-06-30 | 2017-08-01 |
| 2017-03-29 | $0.6 | 0.0% | Cash | quarterly | - | 2017-03-31 | 2017-05-01 |
| 2016-12-28 | $0.6 | 0.0% | Cash | quarterly | - | 2016-12-30 | 2017-02-01 |
| 2016-09-28 | $0.6 | 0.0% | Cash | quarterly | - | 2016-09-30 | 2016-11-01 |
| 2016-06-28 | $0.6 | 0.0% | Cash | quarterly | - | 2016-06-30 | 2016-08-01 |
| 2016-03-29 | $0.6 | 0.0% | Cash | quarterly | - | 2016-03-31 | 2016-05-02 |
| 2015-12-29 | $0.6 | 0.0% | Cash | quarterly | - | 2015-12-31 | 2016-02-01 |
| 2015-09-28 | $0.6 | 0.0% | Cash | quarterly | - | 2015-09-30 | 2015-11-02 |
| 2015-06-26 | $0.6 | 0.0% | Cash | quarterly | - | 2015-06-30 | 2015-08-03 |
| 2015-03-27 | $0.6 | 0.0% | Cash | quarterly | - | 2015-03-31 | 2015-05-01 |
| 2014-12-29 | $0.6 | – | Cash | quarterly | - | 2014-12-31 | 2015-02-02 |
No splits on record.