Dividend Yield (TTM)
1.11%
vs 5Y avg 1.41% · 10Y avg 1.74%
Dividend Yield (Forward)
1.13%
4 payments/yr (spacing)
Dividends / Share (TTM)
$3.98
Forward (annualized): $4.08
Payout Ratio (EPS, TTM)
13.9%
Payout Ratio (FCF, TTM)
10.1%
Dividend CAGR (3Y / 5Y / 10Y)
3Y5.1%5Y4.3%10Y3.7%
Consecutive Growth Years
10
as of 2025
Years Without a Cut
10
as of 2025
Total Shareholder Yield (TTM)
4.60%
Div 1.17% + Net buyback 3.43%
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)
4.6%
Dividends 1.2% + Net buybacks 3.4%
Net Buyback (TTM)
$4.49B
Gross $4.49B − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (6.4% latest vs 4.1% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 3.82 | +6.4% | 1 | |
| 2024 | 3.59 | +5.3% | 1 | |
| 2023 | 3.41 | +3.6% | 1 | |
| 2022 | 3.29 | +3.5% | 1 | |
| 2021 | 3.18 | +2.9% | 1 | |
| 2020 | 3.09 | +3.7% | 1 | |
| 2019 | 2.98 | +2.8% | 1 | |
| 2018 | 2.90 | +2.8% | 1 | |
| 2017 | 2.82 | +2.9% | 1 | |
| 2016 | 2.74 | +3.0% | 1 | |
| 2015 | 2.66 | -17.1% | 1 | |
| 2014 | 3.21 | +112.6% | 2 | |
| 2013 | 1.51 | -37.3% | 1 | |
| 2012 | 2.41 | +134.0% | 2 | |
| 2011 | 1.03 | -20.8% | 1 |
Special dividends are excluded from these figures. Based on 134 regular payments.
Payment history (135 payments · 1 special)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-09-11 | $1.02 | – | 0.0% | Cash | quarterly | 2026-08-13 | 2026-09-11 | 2026-10-02 |
| 2026-06-12 | $1.02 | – | +5.2% | Cash | quarterly | 2026-05-21 | 2026-06-12 | 2026-07-02 |
| 2026-03-13 | $0.97 | – | 0.0% | Cash | quarterly | 2026-02-26 | 2026-03-13 | 2026-04-06 |
| 2025-12-12 | $0.97 | – | 0.0% | Cash | quarterly | 2025-11-20 | 2025-12-12 | 2026-01-02 |
| 2025-09-12 | $0.97 | – | 0.0% | Cash | quarterly | 2025-08-14 | 2025-09-12 | 2025-10-03 |
| 2025-06-13 | $0.97 | – | +6.6% | Cash | quarterly | 2025-05-15 | 2025-06-13 | 2025-07-03 |
| 2025-03-14 | $0.91 | – | 0.0% | Cash | quarterly | 2025-02-27 | 2025-03-14 | 2025-04-04 |
| 2024-12-13 | $0.91 | – | 0.0% | Cash | quarterly | 2024-11-21 | 2024-12-13 | 2025-01-03 |
| 2024-09-13 | $0.91 | – | 0.0% | Cash | quarterly | 2024-08-08 | 2024-09-13 | 2024-10-04 |
| 2024-06-14 | $0.91 | – | +5.8% | Cash | quarterly | 2024-05-16 | 2024-06-14 | 2024-07-05 |
| 2024-03-14 | $0.86 | – | 0.0% | Cash | quarterly | 2024-02-22 | 2024-03-15 | 2024-04-05 |
| 2023-12-14 | $0.86 | – | 0.0% | Cash | quarterly | 2023-11-16 | 2023-12-15 | 2024-01-05 |
| 2023-09-14 | $0.86 | – | 0.0% | Cash | quarterly | 2023-08-10 | 2023-09-15 | 2023-10-06 |
| 2023-06-15 | $0.86 | – | +3.6% | Cash | quarterly | 2023-05-17 | 2023-06-16 | 2023-07-07 |
| 2023-03-16 | $0.83 | – | 0.0% | Cash | quarterly | 2023-02-23 | 2023-03-17 | 2023-04-10 |
| 2022-12-15 | $0.83 | – | 0.0% | Cash | quarterly | 2022-11-17 | 2022-12-16 | 2023-01-06 |
| 2022-09-15 | $0.83 | – | 0.0% | Cash | quarterly | 2022-08-11 | 2022-09-16 | 2022-10-07 |
| 2022-06-16 | $0.83 | – | +3.7% | Cash | quarterly | 2022-05-19 | 2022-06-17 | 2022-07-08 |
| 2022-03-17 | $0.8 | – | 0.0% | Cash | quarterly | 2022-02-24 | 2022-03-18 | 2022-04-08 |
| 2021-12-16 | $0.8 | – | 0.0% | Cash | quarterly | 2021-11-18 | 2021-12-17 | 2022-01-07 |
| 2021-09-16 | $0.8 | – | 0.0% | Cash | quarterly | 2021-08-12 | 2021-09-17 | 2021-10-08 |
| 2021-06-17 | $0.8 | – | +2.6% | Cash | quarterly | 2021-05-20 | 2021-06-18 | 2021-07-09 |
| 2021-03-18 | $0.78 | – | 0.0% | Cash | quarterly | 2021-02-25 | 2021-03-19 | 2021-04-09 |
| 2020-12-17 | $0.78 | – | 0.0% | Cash | quarterly | 2020-11-19 | 2020-12-18 | 2021-01-08 |
| 2020-09-17 | $0.78 | – | 0.0% | Cash | quarterly | 2020-08-12 | 2020-09-18 | 2020-10-09 |
| 2020-06-18 | $0.78 | – | +4.0% | Cash | quarterly | 2020-05-20 | 2020-06-19 | 2020-07-10 |
| 2020-03-19 | $0.75 | – | 0.0% | Cash | quarterly | 2020-02-27 | 2020-03-20 | 2020-04-10 |
| 2019-12-19 | $0.75 | – | 0.0% | Cash | quarterly | 2019-11-21 | 2019-12-20 | 2020-01-10 |
| 2019-09-19 | $0.75 | – | 0.0% | Cash | quarterly | 2019-08-08 | 2019-09-20 | 2019-10-11 |
| 2019-06-20 | $0.75 | – | +2.7% | Cash | quarterly | 2019-05-16 | 2019-06-21 | 2019-07-12 |
| 2019-03-21 | $0.73 | – | 0.0% | Cash | quarterly | 2019-02-28 | 2019-03-22 | 2019-04-12 |
| 2018-12-20 | $0.73 | – | 0.0% | Cash | quarterly | 2018-11-15 | 2018-12-21 | 2019-01-11 |
| 2018-09-20 | $0.73 | – | 0.0% | Cash | quarterly | 2018-08-09 | 2018-09-21 | 2018-10-12 |
| 2018-06-21 | $0.73 | – | +2.8% | Cash | quarterly | 2018-05-17 | 2018-06-22 | 2018-07-13 |
| 2018-03-28 | $0.71 | – | 0.0% | Cash | quarterly | 2018-02-22 | 2018-03-29 | 2018-04-20 |
| 2017-12-28 | $0.71 | – | 0.0% | Cash | quarterly | 2017-11-16 | 2017-12-29 | 2018-01-19 |
| 2017-09-28 | $0.71 | – | 0.0% | Cash | quarterly | 2017-08-10 | 2017-09-29 | 2017-10-20 |
| 2017-06-28 | $0.71 | – | +2.9% | Cash | quarterly | 2017-05-26 | 2017-06-30 | 2017-07-21 |
| 2017-03-29 | $0.69 | – | 0.0% | Cash | quarterly | 2017-02-24 | 2017-03-31 | 2017-04-21 |
| 2016-12-28 | $0.69 | – | 0.0% | Cash | quarterly | 2016-11-18 | 2016-12-30 | 2017-01-20 |
| 2016-09-28 | $0.69 | – | 0.0% | Cash | quarterly | 2016-08-11 | 2016-09-30 | 2016-10-21 |
| 2016-06-28 | $0.69 | – | +3.0% | Cash | quarterly | 2016-05-19 | 2016-06-30 | 2016-07-21 |
| 2016-03-29 | $0.67 | – | 0.0% | Cash | quarterly | 2016-03-09 | 2016-03-31 | 2016-04-21 |
| 2015-12-29 | $0.67 | – | 0.0% | Cash | quarterly | 2015-11-19 | 2015-12-31 | 2016-01-21 |
| 2015-09-28 | $0.67 | – | 0.0% | Cash | quarterly | 2015-08-13 | 2015-09-30 | 2015-10-21 |
| 2015-06-26 | $0.67 | – | +3.1% | Cash | quarterly | 2015-05-21 | 2015-06-30 | 2015-07-21 |
| 2015-03-27 | $0.65 | – | 0.0% | Cash | quarterly | 2015-02-26 | 2015-03-31 | 2015-04-21 |
| 2014-12-15 | $0.65 | – | 0.0% | Cash | quarterly | 2014-11-24 | 2014-12-17 | 2015-01-05 |
| 2014-09-26 | $0.65 | – | 0.0% | Cash | quarterly | 2014-08-14 | 2014-09-30 | 2014-10-21 |
| 2014-07-21 | $0.65 | – | +3.2% | Cash | quarterly | 2014-05-15 | 2014-07-23 | 2014-08-13 |
| 2014-03-26 | $0.63 | – | 0.0% | Cash | quarterly | 2014-02-27 | 2014-03-28 | 2014-04-17 |
| 2014-01-09 | $0.63 | – | +23.5% | Cash | quarterly | 2014-01-08 | 2014-01-13 | 2014-01-31 |
| 2013-09-26 | $0.51 | – | 0.0% | Cash | quarterly | 2013-08-15 | 2013-09-30 | 2013-10-21 |
| 2013-07-19 | $0.51 | – | +4.1% | Cash | quarterly | 2013-05-16 | 2013-07-23 | 2013-08-13 |
| 2013-03-26 | $0.49 | – | 0.0% | Cash | quarterly | 2013-02-28 | 2013-03-28 | 2013-04-12 |
| 2012-12-13 | $0.49 | – | 0.0% | Cash | quarterly | 2012-11-15 | 2012-12-17 | 2012-12-28 |
| 2012-09-26 | $0.49 | – | 0.0% | Cash | quarterly | 2012-08-10 | 2012-09-28 | 2012-10-19 |
| 2012-07-27 | $0.49 | – | +4.3% | Cash | quarterly | 2012-05-17 | 2012-07-31 | 2012-08-21 |
| 2012-03-28 | $0.47 | – | 0.0% | Cash | quarterly | 2012-02-24 | 2012-03-30 | 2012-04-20 |
| 2012-01-10 | $0.47 | – | +34.3% | Cash | quarterly | 2011-11-19 | 2012-01-10 | 2012-01-31 |
| 2011-09-28 | $0.35 | – | 0.0% | Cash | quarterly | 2011-08-12 | 2011-09-30 | 2011-10-21 |
| 2011-06-28 | $0.35 | – | +6.1% | Cash | quarterly | 2011-05-19 | 2011-06-30 | 2011-07-21 |
| 2011-03-30 | $0.33 | – | 0.0% | Cash | quarterly | 2011-02-25 | 2011-04-01 | 2011-04-22 |
| 2010-12-14 | $0.33 | – | 0.0% | Cash | quarterly | 2010-11-19 | 2010-12-16 | 2011-01-11 |
| 2010-09-29 | $0.33 | – | 0.0% | Cash | quarterly | 2010-08-13 | 2010-10-01 | 2010-10-22 |
| 2010-07-23 | $0.33 | – | +6.5% | Cash | quarterly | 2010-05-20 | 2010-07-27 | 2010-08-17 |
| 2010-03-29 | $0.31 | – | 0.0% | Cash | quarterly | 2010-02-25 | 2010-03-31 | 2010-04-12 |
| 2009-12-15 | $0.31 | – | 0.0% | Cash | quarterly | 2009-11-19 | 2009-12-17 | 2010-01-11 |
| 2009-09-29 | $0.31 | – | 0.0% | Cash | quarterly | 2009-08-13 | 2009-10-01 | 2009-10-13 |
| 2009-07-24 | $0.31 | – | +19.2% | Cash | quarterly | 2009-05-20 | 2009-07-28 | 2009-08-10 |
| 2009-03-27 | $0.26 | – | -3.7% | Cash | quarterly | 2009-02-26 | 2009-03-31 | 2009-04-13 |
| 2009-01-06 | $0.27 | – | +3.8% | Cash | quarterly | 2009-01-08 | 2008-12-17 | 2009-01-12 |
| 2008-10-14 | $0.26 | – | -10.3% | Cash | quarterly | 2008-10-06 | 2008-09-30 | 2008-10-14 |
| 2008-06-26 | $0.29 | – | +7.4% | Cash | quarterly | 2008-05-15 | 2008-06-30 | 2008-07-11 |
| 2008-03-27 | $0.27 | – | 0.0% | Cash | quarterly | 2008-02-28 | 2008-03-31 | 2008-04-14 |
| 2007-12-27 | $0.27 | – | 0.0% | Cash | quarterly | 2007-11-16 | 2007-12-31 | 2008-01-11 |
| 2007-09-26 | $0.27 | – | 0.0% | Cash | quarterly | 2007-08-17 | 2007-09-30 | 2007-10-12 |
| 2007-06-27 | $0.27 | – | +8.0% | Cash | quarterly | 2007-05-17 | 2007-06-29 | 2007-07-13 |
| 2007-03-28 | $0.25 | – | 0.0% | Cash | quarterly | 2007-02-28 | 2007-03-30 | 2007-04-13 |
| 2006-12-27 | $0.25 | – | 0.0% | Cash | quarterly | 2006-11-17 | 2006-12-29 | 2007-01-12 |
| 2006-09-27 | $0.25 | – | 0.0% | Cash | quarterly | 2006-08-18 | 2006-09-30 | 2006-10-13 |
| 2006-06-28 | $0.25 | – | +8.7% | Cash | quarterly | 2006-05-18 | 2006-06-30 | 2006-07-14 |
| 2006-03-29 | $0.23 | – | 0.0% | Cash | quarterly | 2006-02-23 | 2006-03-31 | 2006-04-13 |
| 2005-12-28 | $0.23 | – | 0.0% | Cash | quarterly | 2005-11-17 | 2005-12-30 | 2006-01-12 |
| 2005-09-28 | $0.23 | – | 0.0% | Cash | quarterly | 2005-08-19 | 2005-09-30 | 2005-10-14 |
| 2005-06-28 | $0.23 | – | +9.5% | Cash | quarterly | 2005-05-26 | 2005-06-30 | 2005-07-14 |
| 2005-03-29 | $0.21 | – | 0.0% | Cash | quarterly | 2005-02-24 | 2005-03-31 | 2005-04-14 |
| 2004-12-29 | $0.21 | – | 0.0% | Cash | quarterly | 2004-11-19 | 2004-12-31 | 2005-01-14 |
| 2004-09-28 | $0.21 | – | 0.0% | Cash | quarterly | 2004-08-19 | 2004-09-30 | 2004-10-14 |
| 2004-06-28 | $0.21 | – | +10.5% | Cash | quarterly | 2004-05-27 | 2004-06-30 | 2004-07-14 |
| 2004-03-29 | $0.19 | – | 0.0% | Cash | quarterly | 2004-02-18 | 2004-03-31 | 2004-04-14 |
| 2003-12-29 | $0.19 | – | 0.0% | Cash | quarterly | 2003-11-13 | 2003-12-31 | 2004-01-14 |
| 2003-09-26 | $0.19 | – | 0.0% | Cash | quarterly | 2003-08-07 | 2003-09-30 | 2003-10-14 |
| 2003-06-26 | $0.19 | – | +11.8% | Cash | quarterly | 2003-05-15 | 2003-06-30 | 2003-07-14 |
| 2003-03-27 | $0.17 | – | 0.0% | Cash | quarterly | 2003-02-27 | 2003-03-31 | 2003-04-14 |
| 2002-12-24 | $0.17 | – | 0.0% | Cash | quarterly | 2002-11-14 | 2002-12-27 | 2003-01-10 |
| 2002-09-25 | $0.17 | – | 0.0% | Cash | quarterly | 2002-08-08 | 2002-09-27 | 2002-10-11 |
| 2002-06-26 | $0.17 | – | +13.3% | Cash | quarterly | 2002-05-16 | 2002-06-28 | 2002-07-12 |
| 2002-03-26 | $0.15 | – | 0.0% | Cash | quarterly | 2002-03-01 | 2002-03-29 | 2002-04-12 |
| 2001-12-27 | $0.15 | – | 0.0% | Cash | quarterly | 2001-11-16 | 2001-12-31 | 2002-01-14 |
| 2001-09-26 | $0.15 | – | 0.0% | Cash | quarterly | 2001-08-10 | 2001-09-28 | 2001-10-12 |
| 2001-06-27 | $0.15 | – | +15.4% | Cash | quarterly | 2001-05-11 | 2001-06-29 | 2001-07-13 |
| 2001-03-28 | $0.13 | – | 0.0% | Cash | quarterly | 2001-02-23 | 2001-03-30 | 2001-04-13 |
| 2000-12-27 | $0.13 | – | 0.0% | Cash | quarterly | 2000-11-17 | 2000-12-29 | 2001-01-12 |
| 2000-09-27 | $0.13 | – | 0.0% | Cash | quarterly | 2000-08-18 | 2000-09-29 | 2000-10-13 |
| 2000-06-28 | $0.13 | – | +18.2% | Cash | quarterly | 2000-06-09 | 2000-06-30 | 2000-07-14 |
| 2000-03-29 | $0.11 | – | 0.0% | Cash | quarterly | 2000-02-25 | 2000-03-31 | 2000-04-14 |
| 1999-12-29 | $0.11 | – | 0.0% | Cash | quarterly | 1999-11-19 | 1999-12-31 | 2000-01-14 |
| 1999-09-28 | $0.11 | – | 0.0% | Cash | quarterly | 1999-08-06 | 1999-09-30 | 1999-10-15 |
| 1999-06-28 | $0.11 | – | +22.2% | Cash | quarterly | 1999-05-19 | 1999-06-30 | 1999-07-16 |
| 1999-03-29 | $0.09 | – | 0.0% | Cash | quarterly | 1999-02-05 | 1999-03-31 | 1999-04-16 |
| 1998-12-11 | $0.09 | – | 0.0% | Cash | quarterly | 1998-11-13 | 1998-12-15 | 1999-01-15 |
| 1998-09-28 | $0.09 | – | 0.0% | Cash | quarterly | 1998-08-19 | 1998-09-30 | 1998-10-16 |
| 1998-06-26 | $0.09 | – | +12.5% | Cash | quarterly | 1998-05-15 | 1998-06-30 | 1998-07-17 |
| 1998-03-27 | $0.08 | – | 0.0% | Cash | quarterly | 1998-02-06 | 1998-03-31 | 1998-04-17 |
| 1997-12-10 | $0.08 | $0.24 | +9.1% | Cash | quarterly | 1997-10-31 | 1997-12-13 | 1998-01-16 |
| 1997-09-26 | $0.0733 | $0.2199 | 0.0% | Cash | quarterly | 1997-08-15 | 1997-09-30 | 1997-10-17 |
| 1997-06-26 | $0.0733 | $0.2199 | +22.2% | Cash | quarterly | 1997-05-15 | 1997-06-30 | 1997-07-18 |
| 1997-03-26 | $0.06 | $0.18 | 0.0% | Cash | quarterly | 1997-02-14 | 1997-03-31 | 1997-04-18 |
| 1996-12-27 | $0.06 | $0.18 | 0.0% | Cash | quarterly | 1996-11-15 | 1996-12-31 | 1997-01-17 |
| 1996-09-26 | $0.06 | $0.18 | 0.0% | Cash | quarterly | 1996-08-09 | 1996-09-30 | 1996-10-18 |
| 1996-06-12 | $0.06 | $0.18 | +28.5% | Cash | quarterly | 1996-05-10 | 1996-06-14 | 1996-07-19 |
| 1996-03-27 | $0.0467 | $0.1401 | 0.0% | Cash | quarterly | 1996-02-09 | 1996-03-29 | 1996-04-19 |
| 1995-12-27 | $0.0467 | $0.1401 | 0.0% | Cash | quarterly | 1995-11-17 | 1995-12-29 | 1996-01-19 |
| 1995-09-27 | $0.0467 | $0.1401 | 0.0% | Cash | quarterly | 1995-07-28 | 1995-09-29 | 1995-10-19 |
| 1995-06-28 | $0.0467 | $0.1401 | +27.2% | Cash | quarterly | 1995-05-05 | 1995-06-30 | 1995-07-19 |
| 1995-03-27 | $0.0367 | $0.1101 | 0.0% | Cash | quarterly | 1995-02-03 | 1995-03-31 | 1995-04-19 |
| 1994-12-23 | $0.0367 | $0.1101 | +0.3% | Cash | quarterly | 1994-11-18 | 1994-12-30 | 1995-01-19 |
| 1994-09-26 | $0.0366 | $0.1098 | 0.0% | Cash | quarterly | 1994-08-17 | 1994-09-30 | 1994-10-19 |
| 1994-06-24 | $0.0366 | $0.1098 | +9.9% | Cash | quarterly | 1994-05-06 | 1994-06-30 | 1994-07-19 |
| 1994-03-25 | $0.0333 | $0.0999 | 0.0% | Cash | quarterly | 1994-02-04 | 1994-03-31 | 1994-04-19 |
| 1993-12-27 | $0.0333 | $0.0999 | 0.0% | Cash | quarterly | 1993-11-19 | 1993-12-31 | 1994-01-19 |
| 1993-09-24 | $0.0333 | $0.0999 | 0.0% | Cash | quarterly | 1993-08-06 | 1993-09-30 | 1993-10-19 |
| 1993-09-02 | $0.0766 | $0.2298 | – | Special (cash) | — | - | 1993-07-07 | 1993-09-08 |
| 1993-06-24 | $0.0333 | $0.0999 | – | Cash | quarterly | 1993-05-07 | 1993-06-30 | 1993-07-19 |
Splits (1)
| Date | Ratio | Cumulative |
|---|---|---|
| 1998-03-03 | 3:1 | ×3 to today |