Dividend Yield (TTM)
2.20%
vs 5Y avg 1.39% · 10Y avg 1.18%
Dividend Yield (Forward)
3.01%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.80
Forward (annualized): $5.20
Payout Ratio (EPS, TTM)
46.5%
Payout Ratio (FCF, TTM)
62.6%
Dividend CAGR (3Y / 5Y / 10Y)
3Y9.2%5Y16.7%10Y17.3%
Consecutive Growth Years
15
as of 2025
Years Without a Cut
21
as of 2025
Total Shareholder Yield (TTM)
6.54%
Div 2.64% + Net buyback 3.90%
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)
6.5%
Dividends 2.6% + Net buybacks 3.9%
Net Buyback (TTM)
$275M
Gross $275M − Issuance $0
SBC (TTM)
$27M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (5.3% latest vs 16.7% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 4.95 | +5.3% | 1 | |
| 2024 | 4.70 | +9.3% | 1 | |
| 2023 | 4.30 | +13.2% | 1 | |
| 2022 | 3.80 | +27.5% | 1 | |
| 2021 | 2.98 | +30.1% | 1 | |
| 2020 | 2.29 | +9.0% | 1 | |
| 2019 | 2.10 | +22.1% | 1 | |
| 2018 | 1.72 | +21.1% | 1 | |
| 2017 | 1.42 | +19.3% | 1 | |
| 2016 | 1.19 | +19.0% | 1 | |
| 2015 | 1.00 | +17.6% | 1 | |
| 2014 | 0.85 | +16.4% | 1 | |
| 2013 | 0.73 | +17.7% | 1 | |
| 2012 | 0.62 | +12.7% | 1 | |
| 2011 | 0.55 | +5.8% | 1 |
Special dividends are excluded from these figures. Based on 89 regular payments.
Payment history (89 payments)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-05-14 | $1.3 | – | +4.0% | Cash | quarterly | 2026-04-29 | 2026-05-14 | 2026-05-28 |
| 2026-03-12 | $1.25 | – | 0.0% | Cash | quarterly | 2026-02-25 | 2026-03-12 | 2026-03-26 |
| 2025-11-12 | $1.25 | – | 0.0% | Cash | quarterly | 2025-10-29 | 2025-11-12 | 2025-11-26 |
| 2025-08-14 | $1.25 | – | 0.0% | Cash | quarterly | 2025-07-30 | 2025-08-14 | 2025-08-28 |
| 2025-05-15 | $1.25 | – | +4.2% | Cash | quarterly | 2025-04-30 | 2025-05-15 | 2025-05-29 |
| 2025-03-12 | $1.2 | – | 0.0% | Cash | quarterly | 2025-02-26 | 2025-03-12 | 2025-03-26 |
| 2024-11-13 | $1.2 | – | 0.0% | Cash | quarterly | 2024-10-30 | 2024-11-13 | 2024-11-27 |
| 2024-08-15 | $1.2 | – | 0.0% | Cash | quarterly | 2024-07-30 | 2024-08-15 | 2024-08-29 |
| 2024-05-15 | $1.2 | – | +9.1% | Cash | quarterly | 2024-05-01 | 2024-05-16 | 2024-05-30 |
| 2024-03-13 | $1.1 | – | 0.0% | Cash | quarterly | 2024-02-28 | 2024-03-14 | 2024-03-28 |
| 2023-11-07 | $1.1 | – | 0.0% | Cash | quarterly | 2023-10-25 | 2023-11-08 | 2023-11-22 |
| 2023-08-09 | $1.1 | – | 0.0% | Cash | quarterly | 2023-07-26 | 2023-08-10 | 2023-08-24 |
| 2023-05-16 | $1.1 | – | +10.0% | Cash | quarterly | 2023-05-04 | 2023-05-17 | 2023-05-31 |
| 2023-03-14 | $1 | – | 0.0% | Cash | quarterly | 2023-02-24 | 2023-03-15 | 2023-03-29 |
| 2022-11-09 | $1 | – | 0.0% | Cash | quarterly | 2022-10-27 | 2022-11-10 | 2022-11-23 |
| 2022-08-10 | $1 | – | 0.0% | Cash | quarterly | 2022-07-28 | 2022-08-11 | 2022-08-25 |
| 2022-05-13 | $1 | – | +25.0% | Cash | quarterly | 2022-05-04 | 2022-05-16 | 2022-05-27 |
| 2022-03-09 | $0.8 | – | 0.0% | Cash | quarterly | 2022-02-25 | 2022-03-10 | 2022-03-24 |
| 2021-11-09 | $0.8 | – | 0.0% | Cash | quarterly | 2021-10-28 | 2021-11-11 | 2021-11-24 |
| 2021-08-11 | $0.8 | – | 0.0% | Cash | quarterly | 2021-07-29 | 2021-08-12 | 2021-08-26 |
| 2021-05-14 | $0.8 | – | +37.9% | Cash | quarterly | 2021-05-06 | 2021-05-17 | 2021-05-28 |
| 2021-03-10 | $0.58 | – | 0.0% | Cash | quarterly | 2021-02-25 | 2021-03-11 | 2021-03-25 |
| 2020-11-10 | $0.58 | – | 0.0% | Cash | quarterly | 2020-10-30 | 2020-11-12 | 2020-11-25 |
| 2020-08-12 | $0.58 | – | 0.0% | Cash | quarterly | 2020-07-31 | 2020-08-13 | 2020-08-27 |
| 2020-05-14 | $0.58 | – | +5.5% | Cash | quarterly | 2020-04-23 | 2020-05-15 | 2020-05-29 |
| 2020-03-11 | $0.55 | – | 0.0% | Cash | quarterly | 2020-02-28 | 2020-03-12 | 2020-03-26 |
| 2019-11-13 | $0.55 | – | 0.0% | Cash | quarterly | 2019-10-31 | 2019-11-14 | 2019-11-27 |
| 2019-08-14 | $0.55 | – | 0.0% | Cash | quarterly | 2019-08-02 | 2019-08-15 | 2019-08-29 |
| 2019-05-16 | $0.55 | – | +22.2% | Cash | quarterly | 2019-05-02 | 2019-05-17 | 2019-05-31 |
| 2019-03-13 | $0.45 | – | 0.0% | Cash | quarterly | 2019-02-28 | 2019-03-14 | 2019-03-28 |
| 2018-11-14 | $0.45 | – | 0.0% | Cash | quarterly | 2018-11-02 | 2018-11-15 | 2018-11-29 |
| 2018-08-13 | $0.45 | – | 0.0% | Cash | quarterly | 2018-07-27 | 2018-08-14 | 2018-08-28 |
| 2018-05-17 | $0.45 | – | +21.6% | Cash | quarterly | 2018-05-03 | 2018-05-18 | 2018-06-01 |
| 2018-03-15 | $0.37 | – | 0.0% | Cash | quarterly | 2018-03-01 | 2018-03-16 | 2018-03-29 |
| 2017-11-14 | $0.37 | – | 0.0% | Cash | quarterly | 2017-11-01 | 2017-11-15 | 2017-11-28 |
| 2017-08-07 | $0.37 | – | 0.0% | Cash | quarterly | 2017-07-28 | 2017-08-09 | 2017-08-23 |
| 2017-05-15 | $0.37 | – | +19.4% | Cash | quarterly | 2017-05-03 | 2017-05-17 | 2017-05-31 |
| 2017-03-13 | $0.31 | – | 0.0% | Cash | quarterly | 2017-03-03 | 2017-03-15 | 2017-03-29 |
| 2016-11-07 | $0.31 | – | 0.0% | Cash | quarterly | 2016-10-28 | 2016-11-09 | 2016-11-23 |
| 2016-08-08 | $0.31 | – | 0.0% | Cash | quarterly | 2016-07-29 | 2016-08-10 | 2016-08-24 |
| 2016-05-17 | $0.31 | – | +19.2% | Cash | quarterly | 2016-05-06 | 2016-05-19 | 2016-06-02 |
| 2016-03-14 | $0.26 | – | 0.0% | Cash | quarterly | 2016-02-26 | 2016-03-16 | 2016-03-30 |
| 2015-11-06 | $0.26 | – | 0.0% | Cash | quarterly | 2015-10-30 | 2015-11-10 | 2015-11-24 |
| 2015-08-10 | $0.26 | – | 0.0% | Cash | quarterly | 2015-08-03 | 2015-08-12 | 2015-08-26 |
| 2015-05-18 | $0.26 | – | +18.2% | Cash | quarterly | 2015-05-08 | 2015-05-20 | 2015-06-03 |
| 2015-03-10 | $0.22 | – | 0.0% | Cash | quarterly | 2015-03-02 | 2015-03-12 | 2015-03-26 |
| 2014-11-07 | $0.22 | – | 0.0% | Cash | quarterly | 2014-10-31 | 2014-11-12 | 2014-11-26 |
| 2014-08-11 | $0.22 | – | 0.0% | Cash | quarterly | 2014-07-31 | 2014-08-13 | 2014-08-27 |
| 2014-05-19 | $0.22 | – | +15.8% | Cash | quarterly | 2014-05-08 | 2014-05-21 | 2014-06-04 |
| 2014-03-11 | $0.19 | – | 0.0% | Cash | quarterly | 2014-02-28 | 2014-03-13 | 2014-03-27 |
| 2013-11-08 | $0.19 | – | 0.0% | Cash | quarterly | 2013-11-04 | 2013-11-13 | 2013-11-27 |
| 2013-08-12 | $0.19 | – | 0.0% | Cash | quarterly | 2013-08-02 | 2013-08-14 | 2013-08-28 |
| 2013-05-13 | $0.19 | – | +18.8% | Cash | quarterly | 2013-05-02 | 2013-05-15 | 2013-05-30 |
| 2013-03-11 | $0.16 | – | 0.0% | Cash | quarterly | 2013-02-27 | 2013-03-13 | 2013-03-27 |
| 2012-11-09 | $0.16 | – | 0.0% | Cash | quarterly | 2012-11-05 | 2012-11-14 | 2012-11-28 |
| 2012-08-09 | $0.16 | – | 0.0% | Cash | quarterly | 2012-08-03 | 2012-08-13 | 2012-08-29 |
| 2012-05-10 | $0.16 | – | +14.3% | Cash | quarterly | 2012-05-07 | 2012-05-14 | 2012-05-30 |
| 2012-03-08 | $0.14 | – | 0.0% | Cash | quarterly | 2012-03-02 | 2012-03-12 | 2012-03-28 |
| 2011-11-17 | $0.14 | – | 0.0% | Cash | quarterly | 2011-11-04 | 2011-11-21 | 2011-12-07 |
| 2011-08-11 | $0.14 | – | 0.0% | Cash | quarterly | 2011-08-04 | 2011-08-15 | 2011-08-31 |
| 2011-05-12 | $0.14 | – | +7.7% | Cash | quarterly | 2011-05-06 | 2011-05-16 | 2011-06-01 |
| 2011-03-10 | $0.13 | – | 0.0% | Cash | quarterly | 2011-03-04 | 2011-03-14 | 2011-03-30 |
| 2010-11-22 | $0.13 | – | 0.0% | Cash | quarterly | 2010-11-05 | 2010-11-24 | 2010-12-08 |
| 2010-08-12 | $0.13 | – | 0.0% | Cash | quarterly | 2010-08-06 | 2010-08-16 | 2010-09-02 |
| 2010-05-13 | $0.13 | – | 0.0% | Cash | quarterly | 2010-05-08 | 2010-05-17 | 2010-06-02 |
| 2010-03-05 | $0.13 | – | 0.0% | Cash | quarterly | 2010-03-02 | 2010-03-09 | 2010-03-23 |
| 2009-11-12 | $0.13 | – | 0.0% | Cash | quarterly | 2009-11-06 | 2009-11-16 | 2009-12-03 |
| 2009-08-13 | $0.13 | – | 0.0% | Cash | quarterly | 2009-08-07 | 2009-08-17 | 2009-09-03 |
| 2009-05-14 | $0.13 | – | 0.0% | Cash | quarterly | 2009-05-07 | 2009-05-18 | 2009-06-03 |
| 2009-03-05 | $0.13 | – | 0.0% | Cash | quarterly | 2009-02-27 | 2009-03-09 | 2009-03-23 |
| 2008-11-20 | $0.13 | – | 0.0% | Cash | quarterly | 2008-11-07 | 2008-11-24 | 2008-12-08 |
| 2008-08-14 | $0.13 | – | 0.0% | Cash | quarterly | 2008-08-11 | 2008-08-18 | 2008-09-02 |
| 2008-05-15 | $0.13 | – | +8.3% | Cash | quarterly | 2008-05-06 | 2008-05-19 | 2008-06-02 |
| 2008-03-13 | $0.12 | – | 0.0% | Cash | quarterly | 2008-03-03 | 2008-03-17 | 2008-03-31 |
| 2007-11-21 | $0.12 | – | 0.0% | Cash | quarterly | 2007-10-24 | 2007-11-26 | 2007-12-10 |
| 2007-08-16 | $0.12 | – | 0.0% | Cash | quarterly | 2007-08-02 | 2007-08-20 | 2007-09-04 |
| 2007-05-17 | $0.12 | – | +14.3% | Cash | quarterly | 2007-05-08 | 2007-05-21 | 2007-06-04 |
| 2007-03-01 | $0.105 | – | 0.0% | Cash | quarterly | 2007-02-14 | 2007-03-05 | 2007-03-19 |
| 2006-11-22 | $0.105 | – | 0.0% | Cash | quarterly | 2006-11-09 | 2006-11-27 | 2006-12-11 |
| 2006-08-17 | $0.105 | – | 0.0% | Cash | quarterly | 2006-08-03 | 2006-08-21 | 2006-09-05 |
| 2006-05-18 | $0.105 | – | +16.7% | Cash | quarterly | 2006-05-09 | 2006-05-22 | 2006-06-05 |
| 2006-02-23 | $0.09 | – | 0.0% | Cash | quarterly | 2006-02-08 | 2006-02-27 | 2006-03-13 |
| 2005-11-17 | $0.09 | – | 0.0% | Cash | quarterly | 2005-11-04 | 2005-11-21 | 2005-12-05 |
| 2005-08-18 | $0.09 | – | 0.0% | Cash | quarterly | 2005-08-08 | 2005-08-22 | 2005-09-06 |
| 2005-05-19 | $0.09 | – | +28.6% | Cash | quarterly | 2005-04-07 | 2005-05-23 | 2005-06-06 |
| 2005-02-24 | $0.07 | – | 0.0% | Cash | quarterly | 2005-01-13 | 2005-02-28 | 2005-03-14 |
| 2004-11-18 | $0.07 | – | +4.9% | Cash | quarterly | 2004-11-08 | 2004-11-22 | 2004-12-06 |
| 2004-08-19 | $0.0667 | $0.1001 | 0.0% | Cash | quarterly | 2004-08-06 | 2004-08-23 | 2004-09-07 |
| 2004-05-20 | $0.0667 | $0.1001 | – | Cash | quarterly | 2004-05-10 | 2004-05-24 | 2004-06-07 |
Splits (6)
| Date | Ratio | Cumulative |
|---|---|---|
| 1997-09-30 | 3:2 | ×11.3906 to today |
| 1998-07-27 | 3:2 | ×7.5938 to today |
| 2000-06-20 | 3:2 | ×5.0625 to today |
| 2001-09-10 | 3:2 | ×3.375 to today |
| 2003-09-15 | 3:2 | ×2.25 to today |
| 2004-09-13 | 3:2 | ×1.5 to today |