Dividend Yield (TTM)
1.55%
vs 5Y avg 3.78% · 10Y avg 4.10%
Dividend Yield (Forward)
3.17%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.49
Forward (annualized): $7.12
Payout Ratio (EPS, TTM)
102.7%
Payout Ratio (FCF, TTM)
77.4%
Dividend CAGR (3Y / 5Y / 10Y)
3Y6.4%5Y5.8%10Y4.8%
Consecutive Growth Years
11
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
6.60%
Div 3.39% + Net buyback 3.21%
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)
6.6%
Dividends 3.4% + Net buybacks 3.2%
Net Buyback (TTM)
$12.08B
Gross $12.08B − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (4.9% latest vs 7.1% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 6.84 | +4.9% | 1 | |
| 2024 | 6.52 | +7.9% | 1 | |
| 2023 | 6.04 | +6.3% | 1 | |
| 2022 | 5.68 | +7.0% | 1 | |
| 2021 | 5.31 | +2.9% | 1 | |
| 2020 | 5.16 | +8.4% | 1 | |
| 2019 | 4.76 | +6.2% | 1 | |
| 2018 | 4.48 | +3.7% | 1 | |
| 2017 | 4.32 | +0.7% | 0 | |
| 2016 | 4.29 | +0.2% | 1 | |
| 2015 | 4.28 | +300.0% | 0 | |
| 2014 | 1.07 | — | 0 |
Special dividends are excluded from these figures. Based on 46 regular payments.
Payment history (46 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-17 | $1.78 | +4.1% | Cash | quarterly | - | 2026-02-17 | 2026-03-10 |
| 2025-11-18 | $1.71 | 0.0% | Cash | quarterly | - | 2025-11-18 | 2025-12-10 |
| 2025-08-19 | $1.71 | 0.0% | Cash | quarterly | - | 2025-08-19 | 2025-09-10 |
| 2025-05-19 | $1.71 | 0.0% | Cash | quarterly | - | 2025-05-19 | 2025-06-10 |
| 2025-02-14 | $1.71 | +4.9% | Cash | quarterly | - | 2025-02-14 | 2025-03-10 |
| 2024-11-18 | $1.63 | 0.0% | Cash | quarterly | - | 2024-11-18 | 2024-12-10 |
| 2024-08-19 | $1.63 | 0.0% | Cash | quarterly | - | 2024-08-19 | 2024-09-10 |
| 2024-05-16 | $1.63 | 0.0% | Cash | quarterly | - | 2024-05-17 | 2024-06-10 |
| 2024-02-15 | $1.63 | +7.9% | Cash | quarterly | - | 2024-02-16 | 2024-03-11 |
| 2023-11-16 | $1.51 | 0.0% | Cash | quarterly | - | 2023-11-17 | 2023-12-11 |
| 2023-08-17 | $1.51 | 0.0% | Cash | quarterly | - | 2023-08-18 | 2023-09-11 |
| 2023-05-18 | $1.51 | 0.0% | Cash | quarterly | - | 2023-05-19 | 2023-06-12 |
| 2023-02-15 | $1.51 | +6.3% | Cash | quarterly | - | 2023-02-16 | 2023-03-10 |
| 2022-11-17 | $1.42 | 0.0% | Cash | quarterly | - | 2022-11-18 | 2022-12-12 |
| 2022-08-18 | $1.42 | 0.0% | Cash | quarterly | - | 2022-08-19 | 2022-09-12 |
| 2022-05-18 | $1.42 | 0.0% | Cash | quarterly | - | 2022-05-19 | 2022-06-10 |
| 2022-02-15 | $1.42 | +6.0% | Cash | quarterly | - | 2022-02-16 | 2022-03-10 |
| 2021-11-17 | $1.34 | 0.0% | Cash | quarterly | - | 2021-11-18 | 2021-12-10 |
| 2021-08-18 | $1.34 | 0.0% | Cash | quarterly | - | 2021-08-19 | 2021-09-10 |
| 2021-05-18 | $1.34 | +3.9% | Cash | quarterly | - | 2021-05-19 | 2021-06-10 |
| 2021-02-16 | $1.29 | 0.0% | Cash | quarterly | - | 2021-02-17 | 2021-03-10 |
| 2020-11-17 | $1.29 | 0.0% | Cash | quarterly | - | 2020-11-18 | 2020-12-10 |
| 2020-08-18 | $1.29 | 0.0% | Cash | quarterly | - | 2020-08-19 | 2020-09-10 |
| 2020-05-18 | $1.29 | 0.0% | Cash | quarterly | - | 2020-05-19 | 2020-06-10 |
| 2020-02-14 | $1.29 | +8.4% | Cash | quarterly | - | 2020-02-18 | 2020-03-10 |
| 2019-11-15 | $1.19 | 0.0% | Cash | quarterly | - | 2019-11-18 | 2019-12-10 |
| 2019-08-16 | $1.19 | 0.0% | Cash | quarterly | - | 2019-08-19 | 2019-09-10 |
| 2019-05-16 | $1.19 | 0.0% | Cash | quarterly | - | 2019-05-17 | 2019-06-10 |
| 2019-02-14 | $1.19 | +6.2% | Cash | quarterly | - | 2019-02-15 | 2019-03-11 |
| 2018-11-15 | $1.12 | 0.0% | Cash | quarterly | - | 2018-11-16 | 2018-12-10 |
| 2018-08-16 | $1.12 | 0.0% | Cash | quarterly | - | 2018-08-17 | 2018-09-10 |
| 2018-05-17 | $1.12 | 0.0% | Cash | quarterly | - | 2018-05-18 | 2018-06-11 |
| 2018-02-15 | $1.12 | +3.7% | Cash | quarterly | - | 2018-02-16 | 2018-03-12 |
| 2017-11-16 | $1.08 | 0.0% | Cash | quarterly | - | 2017-11-17 | 2017-12-11 |
| 2017-08-16 | $1.08 | 0.0% | Cash | quarterly | - | 2017-08-12 | 2017-09-11 |
| 2017-05-17 | $1.08 | 0.0% | Cash | quarterly | - | 2017-05-19 | 2017-06-12 |
| 2017-02-14 | $1.08 | 0.0% | Cash | quarterly | - | 2017-02-16 | 2017-03-10 |
| 2016-11-16 | $1.08 | +0.9% | Cash | quarterly | - | 2016-11-18 | 2016-12-12 |
| 2016-08-17 | $1.07 | 0.0% | Cash | quarterly | - | 2016-08-19 | 2016-09-12 |
| 2016-05-17 | $1.07 | 0.0% | Cash | quarterly | - | 2016-05-19 | 2016-06-10 |
| 2016-02-16 | $1.07 | 0.0% | Cash | quarterly | - | 2016-02-18 | 2016-03-10 |
| 2015-11-16 | $1.07 | 0.0% | Cash | quarterly | - | 2015-11-18 | 2015-12-10 |
| 2015-08-17 | $1.07 | 0.0% | Cash | quarterly | - | 2015-08-19 | 2015-09-10 |
| 2015-05-15 | $1.07 | 0.0% | Cash | quarterly | - | 2015-05-19 | 2015-06-10 |
| 2015-02-12 | $1.07 | 0.0% | Cash | quarterly | - | 2015-02-17 | 2015-03-10 |
| 2014-11-14 | $1.07 | – | Cash | quarterly | - | 2014-11-18 | 2014-12-10 |
No splits on record.