Dividend Yield (TTM)
1.02%
vs 5Y avg 0.67% · 10Y avg 0.47%
Dividend Yield (Forward)
1.05%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.95
Forward (annualized): $2.00
Payout Ratio (EPS, TTM)
29.2%
Payout Ratio (FCF, TTM)
20.9%
Dividend CAGR (3Y / 5Y / 10Y)
3Y13.2%5Y10.8%10Y—
Consecutive Growth Years
6
as of 2025
Years Without a Cut
6
as of 2025
Total Shareholder Yield (TTM)
5.08%
Div 0.54% + Net buyback 4.54%
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)
5.1%
Dividends 0.5% + Net buybacks 4.5%
Net Buyback (TTM)
$2.15B
Gross $2.15B − Issuance $0
SBC (TTM)
$58M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (15.4% latest vs 10.4% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.80 | +15.4% | 1 | |
| 2024 | 1.56 | +14.7% | 1 | |
| 2023 | 1.36 | +9.7% | 1 | |
| 2022 | 1.24 | +6.9% | 1 | |
| 2021 | 1.16 | +7.4% | 1 | |
| 2020 | 1.08 | +8.0% | 1 | |
| 2019 | 1.00 | — | 0 |
Special dividends are excluded from these figures. Based on 31 regular payments.
Payment history (31 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-09-15 | $0.5 | 0.0% | Cash | quarterly | 2026-07-29 | 2026-09-15 | 2026-09-30 |
| 2026-06-15 | $0.5 | 0.0% | Cash | quarterly | 2026-04-27 | 2026-06-15 | 2026-06-30 |
| 2026-03-13 | $0.5 | +11.1% | Cash | quarterly | 2026-02-13 | 2026-03-13 | 2026-03-31 |
| 2025-12-15 | $0.45 | 0.0% | Cash | quarterly | 2025-10-29 | 2025-12-15 | 2025-12-31 |
| 2025-09-15 | $0.45 | 0.0% | Cash | quarterly | 2025-07-30 | 2025-09-15 | 2025-09-30 |
| 2025-06-13 | $0.45 | 0.0% | Cash | quarterly | 2025-05-07 | 2025-06-13 | 2025-06-30 |
| 2025-03-14 | $0.45 | +15.4% | Cash | quarterly | 2025-02-26 | 2025-03-14 | 2025-03-31 |
| 2024-12-13 | $0.39 | 0.0% | Cash | quarterly | 2024-10-30 | 2024-12-13 | 2024-12-31 |
| 2024-09-13 | $0.39 | 0.0% | Cash | quarterly | 2024-07-31 | 2024-09-15 | 2024-09-30 |
| 2024-06-14 | $0.39 | 0.0% | Cash | quarterly | 2024-04-24 | 2024-06-15 | 2024-06-28 |
| 2024-03-14 | $0.39 | +14.7% | Cash | quarterly | 2024-02-21 | 2024-03-15 | 2024-03-29 |
| 2023-12-14 | $0.34 | 0.0% | Cash | quarterly | 2023-11-01 | 2023-12-15 | 2023-12-29 |
| 2023-09-14 | $0.34 | 0.0% | Cash | quarterly | 2023-08-02 | 2023-09-15 | 2023-09-29 |
| 2023-06-14 | $0.34 | 0.0% | Cash | quarterly | 2023-05-02 | 2023-06-15 | 2023-06-30 |
| 2023-03-14 | $0.34 | +9.7% | Cash | quarterly | 2023-02-28 | 2023-03-15 | 2023-03-31 |
| 2022-12-14 | $0.31 | 0.0% | Cash | quarterly | 2022-10-26 | 2022-12-15 | 2022-12-30 |
| 2022-09-14 | $0.31 | 0.0% | Cash | quarterly | 2022-08-02 | 2022-09-15 | 2022-09-30 |
| 2022-06-14 | $0.31 | 0.0% | Cash | quarterly | 2022-05-03 | 2022-06-15 | 2022-06-30 |
| 2022-03-14 | $0.31 | +6.9% | Cash | quarterly | 2022-02-22 | 2022-03-15 | 2022-03-31 |
| 2021-12-14 | $0.29 | 0.0% | Cash | quarterly | 2021-10-27 | 2021-12-15 | 2021-12-31 |
| 2021-09-14 | $0.29 | 0.0% | Cash | quarterly | 2021-07-28 | 2021-09-15 | 2021-09-30 |
| 2021-06-14 | $0.29 | 0.0% | Cash | quarterly | 2021-04-28 | 2021-06-15 | 2021-06-30 |
| 2021-03-12 | $0.29 | +7.4% | Cash | quarterly | 2021-02-17 | 2021-03-15 | 2021-03-31 |
| 2020-12-14 | $0.27 | 0.0% | Cash | quarterly | 2020-11-04 | 2020-12-15 | 2020-12-31 |
| 2020-09-14 | $0.27 | 0.0% | Cash | quarterly | 2020-07-29 | 2020-09-15 | 2020-09-30 |
| 2020-06-12 | $0.27 | 0.0% | Cash | quarterly | 2020-05-08 | 2020-06-15 | 2020-06-30 |
| 2020-03-12 | $0.27 | +8.0% | Cash | quarterly | 2020-02-18 | 2020-03-13 | 2020-03-31 |
| 2019-12-12 | $0.25 | 0.0% | Cash | quarterly | 2019-10-29 | 2019-12-13 | 2019-12-31 |
| 2019-09-12 | $0.25 | 0.0% | Cash | quarterly | 2019-07-30 | 2019-09-13 | 2019-09-30 |
| 2019-06-13 | $0.25 | 0.0% | Cash | quarterly | 2019-04-29 | 2019-06-14 | 2019-06-28 |
| 2019-03-14 | $0.25 | – | Cash | quarterly | 2019-02-20 | 2019-03-15 | 2019-03-29 |
No splits on record.