Dividend Yield (TTM)
0.15%
vs 5Y avg 0.47% · 10Y avg 0.66%
Dividend Yield (Forward)
0.30%
4 payments/yr (spacing)
Dividends / Share (TTM)
$0.52
Forward (annualized): $1.04
Payout Ratio (EPS, TTM)
13.0%
Payout Ratio (FCF, TTM)
12.4%
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.2%5Y5.0%10Y7.3%
Consecutive Growth Years
11
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
2.78%
Div 0.40% + Net buyback 2.38%
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)
2.8%
Dividends 0.4% + Net buybacks 2.4%
Net Buyback (TTM)
$91.81B
Gross $91.81B − Issuance $0
SBC (TTM)
$13.17B
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (4.0% latest vs 4.6% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.03 | +4.0% | 1 | |
| 2024 | 0.99 | +4.2% | 1 | |
| 2023 | 0.95 | +4.4% | 1 | |
| 2022 | 0.91 | +5.2% | 1 | |
| 2021 | 0.865 | +7.1% | 1 | |
| 2020 | 0.8075 | +6.2% | 1 | |
| 2019 | 0.76 | +7.8% | 1 | |
| 2018 | 0.705 | +14.6% | 1 | |
| 2017 | 0.615 | +10.3% | 1 | |
| 2016 | 0.5575 | +9.9% | 1 | |
| 2015 | 0.5075 | +331.9% | 1 | |
| 2014 | 0.1175 | — | 0 |
Special dividends are excluded from these figures. Based on 46 regular payments.
Payment history (46 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-09 | $0.26 | 0.0% | Cash | quarterly | - | 2026-02-09 | 2026-02-12 |
| 2025-11-10 | $0.26 | 0.0% | Cash | quarterly | - | 2025-11-10 | 2025-11-13 |
| 2025-08-11 | $0.26 | 0.0% | Cash | quarterly | - | 2025-08-11 | 2025-08-14 |
| 2025-05-09 | $0.26 | +4.0% | Cash | quarterly | - | 2025-05-12 | 2025-05-15 |
| 2025-02-10 | $0.25 | 0.0% | Cash | quarterly | - | 2025-02-10 | 2025-02-13 |
| 2024-11-08 | $0.25 | 0.0% | Cash | quarterly | - | 2024-11-11 | 2024-11-14 |
| 2024-08-12 | $0.25 | 0.0% | Cash | quarterly | - | 2024-08-12 | 2024-08-15 |
| 2024-05-10 | $0.25 | +4.2% | Cash | quarterly | - | 2024-05-13 | 2024-05-16 |
| 2024-02-09 | $0.24 | 0.0% | Cash | quarterly | - | 2024-02-12 | 2024-02-15 |
| 2023-11-10 | $0.24 | 0.0% | Cash | quarterly | - | 2023-11-13 | 2023-11-16 |
| 2023-08-11 | $0.24 | 0.0% | Cash | quarterly | - | 2023-08-14 | 2023-08-17 |
| 2023-05-12 | $0.24 | +4.3% | Cash | quarterly | - | 2023-05-15 | 2023-05-18 |
| 2023-02-10 | $0.23 | 0.0% | Cash | quarterly | - | 2023-02-13 | 2023-02-16 |
| 2022-11-04 | $0.23 | 0.0% | Cash | quarterly | - | 2022-11-07 | 2022-11-10 |
| 2022-08-05 | $0.23 | 0.0% | Cash | quarterly | - | 2022-08-08 | 2022-08-11 |
| 2022-05-06 | $0.23 | +4.5% | Cash | quarterly | - | 2022-05-09 | 2022-05-12 |
| 2022-02-04 | $0.22 | 0.0% | Cash | quarterly | - | 2022-02-07 | 2022-02-10 |
| 2021-11-05 | $0.22 | 0.0% | Cash | quarterly | - | 2021-11-08 | 2021-11-11 |
| 2021-08-06 | $0.22 | 0.0% | Cash | quarterly | - | 2021-08-09 | 2021-08-12 |
| 2021-05-07 | $0.22 | +7.3% | Cash | quarterly | - | 2021-05-10 | 2021-05-13 |
| 2021-02-05 | $0.205 | 0.0% | Cash | quarterly | - | 2021-02-08 | 2021-02-11 |
| 2020-11-06 | $0.205 | 0.0% | Cash | quarterly | - | 2020-11-09 | 2020-11-12 |
| 2020-08-07 | $0.205 | 0.0% | Cash | quarterly | - | 2020-08-10 | 2020-08-13 |
| 2020-05-11 | $0.205 | +6.5% | Cash | quarterly | - | 2020-05-11 | 2020-05-14 |
| 2020-02-07 | $0.1925 | 0.0% | Cash | quarterly | - | 2020-02-10 | 2020-02-13 |
| 2019-11-07 | $0.1925 | 0.0% | Cash | quarterly | - | 2019-11-11 | 2019-11-14 |
| 2019-08-09 | $0.1925 | 0.0% | Cash | quarterly | - | 2019-08-12 | 2019-08-15 |
| 2019-05-10 | $0.1925 | +5.5% | Cash | quarterly | - | 2019-05-13 | 2019-05-16 |
| 2019-02-08 | $0.1825 | 0.0% | Cash | quarterly | - | 2019-02-11 | 2019-02-14 |
| 2018-11-08 | $0.1825 | 0.0% | Cash | quarterly | - | 2018-11-12 | 2018-11-15 |
| 2018-08-10 | $0.1825 | 0.0% | Cash | quarterly | - | 2018-08-13 | 2018-08-16 |
| 2018-05-11 | $0.1825 | +15.9% | Cash | quarterly | - | 2018-05-14 | 2018-05-17 |
| 2018-02-09 | $0.1575 | 0.0% | Cash | quarterly | - | 2018-02-12 | 2018-02-15 |
| 2017-11-10 | $0.1575 | 0.0% | Cash | quarterly | - | 2017-11-13 | 2017-11-16 |
| 2017-08-10 | $0.1575 | 0.0% | Cash | quarterly | - | 2017-08-14 | 2017-08-17 |
| 2017-05-11 | $0.1575 | +10.5% | Cash | quarterly | - | 2017-05-15 | 2017-05-18 |
| 2017-02-09 | $0.1425 | 0.0% | Cash | quarterly | - | 2017-02-13 | 2017-02-16 |
| 2016-11-03 | $0.1425 | 0.0% | Cash | quarterly | - | 2016-11-07 | 2016-11-10 |
| 2016-08-04 | $0.1425 | 0.0% | Cash | quarterly | - | 2016-08-08 | 2016-08-11 |
| 2016-05-05 | $0.1425 | +9.6% | Cash | quarterly | - | 2016-05-09 | 2016-05-12 |
| 2016-02-04 | $0.13 | 0.0% | Cash | quarterly | - | 2016-02-08 | 2016-02-11 |
| 2015-11-05 | $0.13 | 0.0% | Cash | quarterly | - | 2015-11-09 | 2015-11-12 |
| 2015-08-06 | $0.13 | 0.0% | Cash | quarterly | - | 2015-08-10 | 2015-08-13 |
| 2015-05-07 | $0.13 | +10.6% | Cash | quarterly | - | 2015-05-11 | 2015-05-14 |
| 2015-02-05 | $0.1175 | 0.0% | Cash | quarterly | - | 2015-02-09 | 2015-02-12 |
| 2014-11-06 | $0.1175 | – | Cash | quarterly | - | 2014-11-10 | 2014-11-13 |
No splits on record.