Dividend Yield (TTM)
0.56%
vs 5Y avg 0.58% · 10Y avg 0.76%
Dividend Yield (Forward)
0.59%
4 payments/yr (spacing)
Dividends / Share (TTM)
$5.54
Forward (annualized): $5.88
Payout Ratio (EPS, TTM)
26.7%
Payout Ratio (FCF, TTM)
26.2%
Dividend CAGR (3Y / 5Y / 10Y)
3Y13.2%5Y13.0%10Y12.5%
Consecutive Growth Years
21
as of 2025
Years Without a Cut
21
as of 2025
Total Shareholder Yield (TTM)
0.76%
Div 0.57% + Net buyback 0.20%
Growth, streak and CAGR figures exclude special dividends.
Upcoming dividend
$1.47 per shareTodayOct 18, 2026
Ex-dividendOct 30, 2026in 12 days
PaymentNov 13, 2026in 26 days
Own the stock before Oct 30, 2026 to receive this payment.
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)
0.8%
Dividends 0.6% + Net buybacks 0.2%
Net Buyback (TTM)
$848M
Gross $848M − Issuance $0
SBC (TTM)
$924M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (12.4% latest vs 13.6% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 5.06 | +12.4% | 1 | |
| 2024 | 4.50 | +13.6% | 1 | |
| 2023 | 3.96 | +13.5% | 1 | |
| 2022 | 3.49 | +13.7% | 1 | |
| 2021 | 3.07 | +11.6% | 1 | |
| 2020 | 2.75 | +9.1% | 1 | |
| 2019 | 2.52 | +14.0% | 1 | |
| 2018 | 2.21 | +13.3% | 1 | |
| 2017 | 1.95 | +11.4% | 1 | |
| 2016 | 1.75 | +12.5% | 1 | |
| 2015 | 1.56 | +13.1% | 1 | |
| 2014 | 1.38 | +14.1% | 1 | |
| 2013 | 1.21 | +13.1% | 1 | |
| 2012 | 1.07 | +15.1% | 1 | |
| 2011 | 0.925 | +16.4% | 1 |
Special dividends are excluded from these figures. Based on 90 regular payments.
Payment history (97 payments · 6 special)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-10-30 | $1.47 | – | 0.0% | Cash | quarterly | 2026-10-14 | 2026-10-30 | 2026-11-13 |
| 2026-07-24 | $1.47 | – | 0.0% | Cash | quarterly | 2026-07-08 | 2026-07-24 | 2026-08-07 |
| 2026-05-01 | $1.47 | – | +13.1% | Cash | quarterly | 2026-04-15 | 2026-05-01 | 2026-05-15 |
| 2026-01-30 | $1.3 | – | 0.0% | Cash | quarterly | 2026-01-15 | 2026-01-30 | 2026-02-13 |
| 2025-10-31 | $1.3 | – | 0.0% | Cash | quarterly | 2025-10-15 | 2025-10-31 | 2025-11-14 |
| 2025-08-01 | $1.3 | – | 0.0% | Cash | quarterly | 2025-07-15 | 2025-08-01 | 2025-08-15 |
| 2025-05-02 | $1.3 | – | +12.1% | Cash | quarterly | 2025-04-16 | 2025-05-02 | 2025-05-16 |
| 2025-02-07 | $1.16 | – | 0.0% | Cash | quarterly | 2025-01-23 | 2025-02-07 | 2025-02-21 |
| 2024-11-01 | $1.16 | – | 0.0% | Cash | quarterly | 2024-10-16 | 2024-11-01 | 2024-11-15 |
| 2024-07-26 | $1.16 | – | 0.0% | Cash | quarterly | 2024-07-10 | 2024-07-26 | 2024-08-09 |
| 2024-04-25 | $1.16 | – | +13.7% | Cash | quarterly | 2024-04-10 | 2024-04-26 | 2024-05-10 |
| 2024-02-01 | $1.02 | – | 0.0% | Cash | quarterly | 2024-01-18 | 2024-02-02 | 2024-02-16 |
| 2023-12-27 | $15 | – | – | Special (cash) | — | 2023-12-14 | 2023-12-28 | 2024-01-12 |
| 2023-11-02 | $1.02 | – | 0.0% | Cash | quarterly | 2023-10-18 | 2023-11-03 | 2023-11-17 |
| 2023-08-24 | $1.02 | – | 0.0% | Cash | quarterly | 2023-08-09 | 2023-08-25 | 2023-09-08 |
| 2023-05-04 | $1.02 | – | +13.3% | Cash | quarterly | 2023-04-19 | 2023-05-05 | 2023-05-19 |
| 2023-02-02 | $0.9 | – | 0.0% | Cash | quarterly | 2023-01-19 | 2023-02-03 | 2023-02-17 |
| 2022-10-27 | $0.9 | – | 0.0% | Cash | quarterly | 2022-10-12 | 2022-10-28 | 2022-11-10 |
| 2022-07-28 | $0.9 | – | 0.0% | Cash | quarterly | 2022-07-13 | 2022-07-29 | 2022-08-12 |
| 2022-04-28 | $0.9 | – | +13.9% | Cash | quarterly | 2022-04-13 | 2022-04-29 | 2022-05-13 |
| 2022-02-03 | $0.79 | – | 0.0% | Cash | quarterly | 2022-01-20 | 2022-02-04 | 2022-02-18 |
| 2021-10-28 | $0.79 | – | 0.0% | Cash | quarterly | 2021-10-13 | 2021-10-29 | 2021-11-12 |
| 2021-07-29 | $0.79 | – | 0.0% | Cash | quarterly | 2021-07-13 | 2021-07-30 | 2021-08-13 |
| 2021-04-29 | $0.79 | – | +12.9% | Cash | quarterly | 2021-04-14 | 2021-04-30 | 2021-05-14 |
| 2021-02-04 | $0.7 | – | 0.0% | Cash | quarterly | 2021-01-21 | 2021-02-05 | 2021-02-19 |
| 2020-12-01 | $10 | – | – | Special (cash) | — | 2020-11-16 | 2020-12-02 | 2020-12-11 |
| 2020-10-29 | $0.7 | – | 0.0% | Cash | quarterly | 2020-10-14 | 2020-10-30 | 2020-11-13 |
| 2020-07-30 | $0.7 | – | 0.0% | Cash | quarterly | 2020-07-15 | 2020-07-31 | 2020-08-14 |
| 2020-04-30 | $0.7 | – | +7.7% | Cash | quarterly | 2020-04-15 | 2020-05-01 | 2020-05-15 |
| 2020-02-06 | $0.65 | – | 0.0% | Cash | quarterly | 2020-01-23 | 2020-02-07 | 2020-02-21 |
| 2019-10-31 | $0.65 | – | 0.0% | Cash | quarterly | 2019-10-18 | 2019-11-01 | 2019-11-15 |
| 2019-08-29 | $0.65 | – | 0.0% | Cash | quarterly | 2019-08-13 | 2019-08-30 | 2019-09-13 |
| 2019-05-09 | $0.65 | – | +14.0% | Cash | quarterly | 2019-04-26 | 2019-05-10 | 2019-05-24 |
| 2019-02-07 | $0.57 | – | 0.0% | Cash | quarterly | 2019-01-24 | 2019-02-08 | 2019-02-22 |
| 2018-11-08 | $0.57 | – | 0.0% | Cash | quarterly | 2018-10-24 | 2018-11-09 | 2018-11-23 |
| 2018-08-30 | $0.57 | – | 0.0% | Cash | quarterly | 2018-08-17 | 2018-08-31 | 2018-09-14 |
| 2018-05-10 | $0.57 | – | +14.0% | Cash | quarterly | 2018-04-24 | 2018-05-11 | 2018-05-25 |
| 2018-02-15 | $0.5 | – | 0.0% | Cash | quarterly | 2018-01-30 | 2018-02-16 | 2018-03-02 |
| 2017-11-16 | $0.5 | – | 0.0% | Cash | quarterly | 2017-10-30 | 2017-11-17 | 2017-12-01 |
| 2017-08-16 | $0.5 | – | 0.0% | Cash | quarterly | 2017-07-31 | 2017-08-18 | 2017-09-01 |
| 2017-05-10 | $0.5 | – | +11.1% | Cash | quarterly | 2017-04-25 | 2017-05-12 | 2017-05-26 |
| 2017-05-08 | $7 | – | – | Special (cash) | — | 2017-04-25 | 2017-05-10 | 2017-05-26 |
| 2017-02-08 | $0.45 | – | 0.0% | Cash | quarterly | 2017-01-27 | 2017-02-10 | 2017-02-24 |
| 2016-11-02 | $0.45 | – | 0.0% | Cash | quarterly | 2016-10-12 | 2016-11-04 | 2016-11-18 |
| 2016-08-10 | $0.45 | – | 0.0% | Cash | quarterly | 2016-07-25 | 2016-08-12 | 2016-08-26 |
| 2016-04-27 | $0.45 | – | +12.5% | Cash | quarterly | 2016-04-14 | 2016-04-29 | 2016-05-13 |
| 2016-02-10 | $0.4 | – | 0.0% | Cash | quarterly | 2016-01-29 | 2016-02-12 | 2016-02-26 |
| 2015-11-10 | $0.4 | – | 0.0% | Cash | quarterly | 2015-10-29 | 2015-11-13 | 2015-11-27 |
| 2015-08-12 | $0.4 | – | 0.0% | Cash | quarterly | 2015-07-27 | 2015-08-14 | 2015-08-28 |
| 2015-04-29 | $0.4 | – | +12.7% | Cash | quarterly | 2015-04-17 | 2015-05-01 | 2015-05-15 |
| 2015-02-11 | $0.355 | – | 0.0% | Cash | quarterly | 2015-01-29 | 2015-02-13 | 2015-02-27 |
| 2015-02-05 | $5 | – | – | Special (cash) | — | 2015-01-30 | 2015-02-09 | 2015-02-27 |
| 2014-11-12 | $0.355 | – | 0.0% | Cash | quarterly | 2014-10-28 | 2014-11-14 | 2014-11-28 |
| 2014-07-09 | $0.355 | – | 0.0% | Cash | quarterly | 2014-06-22 | 2014-07-11 | 2014-07-25 |
| 2014-05-14 | $0.355 | – | +14.5% | Cash | quarterly | 2014-04-29 | 2014-05-16 | 2014-05-30 |
| 2014-02-12 | $0.31 | – | 0.0% | Cash | quarterly | 2014-01-30 | 2014-02-14 | 2014-02-28 |
| 2013-11-13 | $0.31 | – | 0.0% | Cash | quarterly | 2013-10-29 | 2013-11-15 | 2013-11-29 |
| 2013-08-07 | $0.31 | – | 0.0% | Cash | quarterly | 2013-07-21 | 2013-08-09 | 2013-08-23 |
| 2013-05-15 | $0.31 | – | +12.7% | Cash | quarterly | 2013-04-30 | 2013-05-17 | 2013-05-31 |
| 2013-02-06 | $0.275 | – | 0.0% | Cash | quarterly | 2013-01-24 | 2013-02-08 | 2013-02-22 |
| 2012-12-06 | $7 | – | – | Special (cash) | — | 2012-11-28 | 2012-12-10 | 2012-12-18 |
| 2012-11-14 | $0.275 | – | 0.0% | Cash | quarterly | 2012-10-30 | 2012-11-16 | 2012-11-30 |
| 2012-08-08 | $0.275 | – | 0.0% | Cash | quarterly | 2012-07-24 | 2012-08-10 | 2012-08-24 |
| 2012-05-23 | $0.275 | – | +14.6% | Cash | quarterly | 2012-05-10 | 2012-05-25 | 2012-06-08 |
| 2012-02-08 | $0.24 | – | 0.0% | Cash | quarterly | 2012-01-27 | 2012-02-10 | 2012-02-24 |
| 2011-11-08 | $0.24 | – | 0.0% | Cash | quarterly | 2011-10-26 | 2011-11-11 | 2011-11-25 |
| 2011-08-03 | $0.24 | – | 0.0% | Cash | quarterly | 2011-07-19 | 2011-08-05 | 2011-08-19 |
| 2011-05-11 | $0.24 | – | +17.1% | Cash | quarterly | 2011-04-27 | 2011-05-13 | 2011-05-27 |
| 2011-02-09 | $0.205 | – | 0.0% | Cash | quarterly | 2011-01-28 | 2011-02-11 | 2011-02-25 |
| 2010-10-27 | $0.205 | – | 0.0% | Cash | quarterly | 2010-10-08 | 2010-10-29 | 2010-11-12 |
| 2010-08-04 | $0.205 | – | 0.0% | Cash | quarterly | 2010-07-21 | 2010-08-06 | 2010-08-20 |
| 2010-05-05 | $0.205 | – | +13.9% | Cash | quarterly | 2010-04-23 | 2010-05-07 | 2010-05-21 |
| 2010-02-10 | $0.18 | – | 0.0% | Cash | quarterly | 2010-01-29 | 2010-02-12 | 2010-02-26 |
| 2009-10-21 | $0.18 | – | 0.0% | Cash | quarterly | 2009-10-09 | 2009-10-23 | 2009-11-06 |
| 2009-08-12 | $0.18 | – | 0.0% | Cash | quarterly | 2009-07-28 | 2009-08-14 | 2009-08-28 |
| 2009-05-13 | $0.18 | – | +12.5% | Cash | quarterly | 2009-04-29 | 2009-05-15 | 2009-05-29 |
| 2009-02-11 | $0.16 | – | 0.0% | Cash | quarterly | 2009-01-29 | 2009-02-13 | 2009-02-27 |
| 2008-11-12 | $0.16 | – | 0.0% | Cash | quarterly | 2008-10-31 | 2008-11-14 | 2008-11-28 |
| 2008-08-06 | $0.16 | – | 0.0% | Cash | quarterly | 2008-07-24 | 2008-08-08 | 2008-08-22 |
| 2008-05-14 | $0.16 | – | +10.3% | Cash | quarterly | 2008-04-30 | 2008-05-16 | 2008-05-30 |
| 2008-02-13 | $0.145 | – | 0.0% | Cash | quarterly | 2008-01-31 | 2008-02-15 | 2008-02-29 |
| 2007-11-28 | $0.145 | – | 0.0% | Cash | quarterly | 2007-11-14 | 2007-11-30 | 2007-12-14 |
| 2007-07-25 | $0.145 | – | 0.0% | Cash | quarterly | 2007-07-11 | 2007-07-27 | 2007-08-24 |
| 2007-04-25 | $0.145 | – | +11.5% | Cash | quarterly | 2007-04-12 | 2007-04-27 | 2007-05-18 |
| 2007-02-12 | $0.13 | – | 0.0% | Cash | quarterly | 2007-02-05 | 2007-02-14 | 2007-02-28 |
| 2006-11-15 | $0.13 | – | 0.0% | Cash | quarterly | 2006-11-06 | 2006-11-17 | 2006-12-01 |
| 2006-07-28 | $0.13 | – | 0.0% | Cash | quarterly | 2006-07-18 | 2006-08-01 | 2006-08-25 |
| 2006-05-08 | $0.13 | – | +13.0% | Cash | quarterly | 2006-04-25 | 2006-05-10 | 2006-05-26 |
| 2006-02-07 | $0.115 | – | 0.0% | Cash | quarterly | 2006-01-27 | 2006-02-09 | 2006-02-24 |
| 2005-11-16 | $0.115 | – | 0.0% | Cash | quarterly | 2005-11-08 | 2005-11-18 | 2005-12-02 |
| 2005-08-03 | $0.115 | – | 0.0% | Cash | quarterly | 2005-07-28 | 2005-08-05 | 2005-08-26 |
| 2005-05-04 | $0.115 | – | +15.0% | Cash | quarterly | 2005-03-25 | 2005-05-06 | 2005-05-27 |
| 2005-02-04 | $0.1 | – | 0.0% | Cash | quarterly | 2004-12-24 | 2005-02-08 | 2005-02-25 |
| 2004-11-03 | $0.1 | – | 0.0% | Cash | quarterly | 2004-10-27 | 2004-11-05 | 2004-11-26 |
| 2004-07-21 | $0.1 | – | 0.0% | Cash | quarterly | 2004-07-12 | 2004-07-23 | 2004-08-27 |
| 2004-05-06 | $0.1 | – | – | Cash | quarterly | 2004-04-28 | 2004-05-10 | 2004-05-31 |
| 1989-05-24 | $0.3518 | $1.5 | – | Special (cash) | — | 1989-05-05 | 1989-05-31 | 1989-07-28 |
Splits (4)
| Date | Ratio | Cumulative |
|---|---|---|
| 1984-06-13 | 2:1 | ×17.0576 to today |
| 1986-02-04 | 2:1 | ×8.5288 to today |
| 1993-10-22 | 2.13:1 | ×4.2644 to today |
| 2000-01-14 | 2:1 | ×2 to today |