Dividend Yield (TTM)
1.09%
vs 5Y avg 2.83% · 10Y avg 2.77% · price: vendor quote
Dividend Yield (Forward)
2.18%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.60
Forward (annualized): $5.20
Payout Ratio (EPS, TTM)
46.5%
Payout Ratio (FCF, TTM)
64.7%
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.9%5Y5.2%10Y5.7%
Consecutive Growth Years
11
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
3.16%
Div 2.14% + Net buyback 1.03%
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)
3.2%
Dividends 2.1% + Net buybacks 1.0%
Net Buyback (TTM)
$5.95B
Gross $5.95B − Issuance $0
SBC (TTM)
$1.35B
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (4.7% latest vs 5.4% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 5.14 | +4.7% | 1 | |
| 2024 | 4.91 | +4.5% | 1 | |
| 2023 | 4.70 | +5.6% | 1 | |
| 2022 | 4.45 | +6.2% | 1 | |
| 2021 | 4.19 | +5.3% | 1 | |
| 2020 | 3.98 | +6.1% | 1 | |
| 2019 | 3.75 | +5.9% | 1 | |
| 2018 | 3.54 | +6.6% | 1 | |
| 2017 | 3.32 | +5.4% | 1 | |
| 2016 | 3.15 | +6.8% | 1 | |
| 2015 | 2.95 | +321.4% | 1 | |
| 2014 | 0.70 | — | 0 |
Special dividends are excluded from these figures. Based on 46 regular payments.
Payment history (46 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-02-24 | $1.3 | 0.0% | Cash | quarterly | - | 2026-02-24 | 2026-03-10 |
| 2025-11-25 | $1.3 | 0.0% | Cash | quarterly | - | 2025-11-25 | 2025-12-09 |
| 2025-08-26 | $1.3 | 0.0% | Cash | quarterly | - | 2025-08-26 | 2025-09-09 |
| 2025-05-27 | $1.3 | +4.8% | Cash | quarterly | - | 2025-05-27 | 2025-06-10 |
| 2025-02-18 | $1.24 | 0.0% | Cash | quarterly | - | 2025-02-18 | 2025-03-04 |
| 2024-11-26 | $1.24 | 0.0% | Cash | quarterly | - | 2024-11-26 | 2024-12-10 |
| 2024-08-27 | $1.24 | 0.0% | Cash | quarterly | - | 2024-08-27 | 2024-09-10 |
| 2024-05-20 | $1.24 | +4.2% | Cash | quarterly | - | 2024-05-21 | 2024-06-04 |
| 2024-02-16 | $1.19 | 0.0% | Cash | quarterly | - | 2024-02-20 | 2024-03-05 |
| 2023-11-20 | $1.19 | 0.0% | Cash | quarterly | - | 2023-11-21 | 2023-12-05 |
| 2023-08-25 | $1.19 | 0.0% | Cash | quarterly | - | 2023-08-28 | 2023-09-07 |
| 2023-05-22 | $1.19 | +5.3% | Cash | quarterly | - | 2023-05-23 | 2023-06-06 |
| 2023-02-17 | $1.13 | 0.0% | Cash | quarterly | - | 2023-02-21 | 2023-03-07 |
| 2022-11-21 | $1.13 | 0.0% | Cash | quarterly | - | 2022-11-22 | 2022-12-06 |
| 2022-08-22 | $1.13 | 0.0% | Cash | quarterly | - | 2022-08-23 | 2022-09-06 |
| 2022-05-23 | $1.13 | +6.6% | Cash | quarterly | - | 2022-05-24 | 2022-06-07 |
| 2022-02-18 | $1.06 | 0.0% | Cash | quarterly | - | 2022-02-22 | 2022-03-08 |
| 2021-11-22 | $1.06 | 0.0% | Cash | quarterly | - | 2021-11-23 | 2021-12-07 |
| 2021-08-23 | $1.06 | 0.0% | Cash | quarterly | - | 2021-08-24 | 2021-09-07 |
| 2021-05-24 | $1.06 | +5.0% | Cash | quarterly | - | 2021-05-25 | 2021-06-08 |
| 2021-02-22 | $1.01 | 0.0% | Cash | quarterly | - | 2021-02-23 | 2021-03-09 |
| 2020-11-23 | $1.01 | 0.0% | Cash | quarterly | - | 2020-11-24 | 2020-12-08 |
| 2020-08-24 | $1.01 | 0.0% | Cash | quarterly | - | 2020-08-25 | 2020-09-08 |
| 2020-05-22 | $1.01 | +6.3% | Cash | quarterly | - | 2020-05-26 | 2020-06-09 |
| 2020-02-24 | $0.95 | 0.0% | Cash | quarterly | - | 2020-02-25 | 2020-03-10 |
| 2019-11-25 | $0.95 | 0.0% | Cash | quarterly | - | 2019-11-26 | 2019-12-10 |
| 2019-08-23 | $0.95 | 0.0% | Cash | quarterly | - | 2019-08-27 | 2019-09-10 |
| 2019-05-24 | $0.95 | +5.6% | Cash | quarterly | - | 2019-05-28 | 2019-06-11 |
| 2019-02-25 | $0.9 | 0.0% | Cash | quarterly | - | 2019-02-26 | 2019-03-12 |
| 2018-11-26 | $0.9 | 0.0% | Cash | quarterly | - | 2018-11-27 | 2018-12-11 |
| 2018-08-24 | $0.9 | 0.0% | Cash | quarterly | - | 2018-08-28 | 2018-09-11 |
| 2018-05-25 | $0.9 | +7.1% | Cash | quarterly | - | 2018-05-29 | 2018-06-12 |
| 2018-02-26 | $0.84 | 0.0% | Cash | quarterly | - | 2018-02-27 | 2018-03-13 |
| 2017-11-27 | $0.84 | 0.0% | Cash | quarterly | - | 2017-11-28 | 2017-12-12 |
| 2017-08-25 | $0.84 | 0.0% | Cash | quarterly | - | 2017-08-29 | 2017-09-12 |
| 2017-05-25 | $0.84 | +5.0% | Cash | quarterly | - | 2017-05-30 | 2017-06-13 |
| 2017-02-24 | $0.8 | 0.0% | Cash | quarterly | - | 2017-02-28 | 2017-03-14 |
| 2016-11-18 | $0.8 | 0.0% | Cash | quarterly | - | 2016-11-22 | 2016-12-06 |
| 2016-08-19 | $0.8 | 0.0% | Cash | quarterly | - | 2016-08-23 | 2016-09-06 |
| 2016-05-20 | $0.8 | +6.7% | Cash | quarterly | - | 2016-05-24 | 2016-06-07 |
| 2016-02-19 | $0.75 | 0.0% | Cash | quarterly | - | 2016-02-23 | 2016-03-08 |
| 2015-11-20 | $0.75 | 0.0% | Cash | quarterly | - | 2015-11-24 | 2015-12-08 |
| 2015-08-21 | $0.75 | 0.0% | Cash | quarterly | - | 2015-08-25 | 2015-09-08 |
| 2015-05-21 | $0.75 | +7.1% | Cash | quarterly | - | 2015-05-26 | 2015-06-09 |
| 2015-02-20 | $0.7 | 0.0% | Cash | quarterly | - | 2015-02-24 | 2015-03-10 |
| 2014-11-21 | $0.7 | – | Cash | quarterly | - | 2014-11-25 | 2014-12-09 |
No splits on record.