Dividend Yield (TTM)
0.28%
vs 5Y avg 0.59% · 10Y avg 0.51%
Dividend Yield (Forward)
0.56%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.74
Forward (annualized): $3.48
Payout Ratio (EPS, TTM)
18.4%
Payout Ratio (FCF, TTM)
16.7%
Dividend CAGR (3Y / 5Y / 10Y)
3Y15.8%5Y13.7%10Y16.9%
Consecutive Growth Years
7
as of 2025
Years Without a Cut
7
as of 2025
Total Shareholder Yield (TTM)
3.11%
Div 0.59% + Net buyback 2.52%
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)
3.1%
Dividends 0.6% + Net buybacks 2.5%
Net Buyback (TTM)
$11.73B
Gross $11.73B − Issuance $0
SBC (TTM)
$597M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (15.2% latest vs 14.5% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 3.04 | +15.2% | 1 | |
| 2024 | 2.64 | +15.8% | 1 | |
| 2023 | 2.28 | +16.3% | 1 | |
| 2022 | 1.96 | +11.4% | 1 | |
| 2021 | 1.76 | +10.0% | 1 | |
| 2020 | 1.60 | +21.2% | 1 | |
| 2019 | 1.32 | — | 1 | |
| 2017 | 0.44 | -22.8% | 1 | |
| 2016 | 0.57 | -10.9% | 1 | |
| 2015 | 0.64 | — | 0 |
Special dividends are excluded from these figures. Based on 39 regular payments.
Payment history (39 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-04-09 | $0.87 | 0.0% | Cash | quarterly | - | 2026-04-09 | 2026-05-08 |
| 2026-01-09 | $0.87 | +14.5% | Cash | quarterly | - | 2026-01-09 | 2026-02-09 |
| 2025-10-09 | $0.76 | 0.0% | Cash | quarterly | - | 2025-10-09 | 2025-11-07 |
| 2025-07-09 | $0.76 | 0.0% | Cash | quarterly | - | 2025-07-09 | 2025-08-08 |
| 2025-04-08 | $0.76 | 0.0% | Cash | quarterly | - | 2025-04-09 | 2025-05-09 |
| 2025-01-08 | $0.76 | +15.2% | Cash | quarterly | - | 2025-01-09 | 2025-02-07 |
| 2024-10-09 | $0.66 | 0.0% | Cash | quarterly | - | 2024-10-09 | 2024-11-08 |
| 2024-07-09 | $0.66 | 0.0% | Cash | quarterly | - | 2024-07-09 | 2024-08-09 |
| 2024-04-08 | $0.66 | 0.0% | Cash | quarterly | - | 2024-04-09 | 2024-05-09 |
| 2024-01-08 | $0.66 | +15.8% | Cash | quarterly | - | 2024-01-09 | 2024-02-09 |
| 2023-10-05 | $0.57 | 0.0% | Cash | quarterly | - | 2023-10-09 | 2023-11-09 |
| 2023-07-06 | $0.57 | 0.0% | Cash | quarterly | - | 2023-07-07 | 2023-08-09 |
| 2023-04-05 | $0.57 | 0.0% | Cash | quarterly | - | 2023-04-07 | 2023-05-09 |
| 2023-01-06 | $0.57 | +16.3% | Cash | quarterly | - | 2023-01-09 | 2023-02-09 |
| 2022-10-06 | $0.49 | 0.0% | Cash | quarterly | - | 2022-10-07 | 2022-11-09 |
| 2022-07-07 | $0.49 | 0.0% | Cash | quarterly | - | 2022-07-08 | 2022-08-09 |
| 2022-04-07 | $0.49 | 0.0% | Cash | quarterly | - | 2022-04-08 | 2022-05-09 |
| 2022-01-06 | $0.49 | +11.4% | Cash | quarterly | - | 2022-01-07 | 2022-02-09 |
| 2021-10-07 | $0.44 | 0.0% | Cash | quarterly | - | 2021-10-08 | 2021-11-09 |
| 2021-07-08 | $0.44 | 0.0% | Cash | quarterly | - | 2021-07-09 | 2021-08-09 |
| 2021-04-08 | $0.44 | 0.0% | Cash | quarterly | - | 2021-04-09 | 2021-05-07 |
| 2021-01-07 | $0.44 | +10.0% | Cash | quarterly | - | 2021-01-08 | 2021-02-09 |
| 2020-10-08 | $0.4 | 0.0% | Cash | quarterly | - | 2020-10-09 | 2020-11-09 |
| 2020-07-08 | $0.4 | 0.0% | Cash | quarterly | - | 2020-07-09 | 2020-08-07 |
| 2020-04-08 | $0.4 | 0.0% | Cash | quarterly | - | 2020-04-09 | 2020-05-08 |
| 2020-01-08 | $0.4 | +21.2% | Cash | quarterly | - | 2020-01-09 | 2020-02-07 |
| 2019-10-08 | $0.33 | 0.0% | Cash | quarterly | - | 2019-10-09 | 2019-11-08 |
| 2019-07-08 | $0.33 | 0.0% | Cash | quarterly | - | 2019-07-09 | 2019-08-09 |
| 2019-04-08 | $0.33 | 0.0% | Cash | quarterly | - | 2019-04-09 | 2019-05-09 |
| 2019-01-08 | $0.33 | +50.0% | Cash | quarterly | - | 2019-01-09 | 2019-02-08 |
| 2017-04-05 | $0.22 | 0.0% | Cash | quarterly | - | 2017-04-07 | 2017-05-09 |
| 2017-01-05 | $0.22 | +15.8% | Cash | quarterly | - | 2017-01-09 | 2017-02-09 |
| 2016-10-05 | $0.19 | 0.0% | Cash | quarterly | - | 2016-10-10 | 2016-11-09 |
| 2016-07-06 | $0.19 | 0.0% | Cash | quarterly | - | 2016-07-08 | 2016-08-09 |
| 2016-01-06 | $0.19 | +18.8% | Cash | quarterly | - | 2016-01-08 | 2016-02-09 |
| 2015-10-07 | $0.16 | 0.0% | Cash | quarterly | - | 2015-10-09 | 2015-11-09 |
| 2015-07-07 | $0.16 | 0.0% | Cash | quarterly | - | 2015-07-09 | 2015-08-10 |
| 2015-04-07 | $0.16 | 0.0% | Cash | quarterly | - | 2015-04-09 | 2015-05-08 |
| 2015-01-07 | $0.16 | – | Cash | quarterly | - | 2015-01-09 | 2015-02-09 |
No splits on record.