Dividend Yield (TTM)
1.19%
vs 5Y avg 1.68% · 10Y avg 1.68%
Dividend Yield (Forward)
1.59%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.40
Forward (annualized): $3.20
Payout Ratio (EPS, TTM)
18.6%
Payout Ratio (FCF, TTM)
6.4%
Dividend CAGR (3Y / 5Y / 10Y)
3Y2.7%5Y21.1%10Y5.7%
Consecutive Growth Years
1
as of 2025
Years Without a Cut
5
as of 2025
Total Shareholder Yield (TTM)
7.74%
Div 1.55% + Net buyback 6.20%
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)
7.7%
Dividends 1.5% + Net buybacks 6.2%
Net Buyback (TTM)
$8.64B
Gross $9.10B − Issuance $454M
SBC (TTM)
$720M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (8.3% latest vs 6.7% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 2.60 | +8.3% | 1 | |
| 2024 | 2.40 | 0.0% | 0 | |
| 2023 | 2.40 | 0.0% | 0 | |
| 2022 | 2.40 | +20.0% | 0 | |
| 2021 | 2.00 | +100.0% | 2 | |
| 2020 | 1.00 | -37.5% | 0 | |
| 2019 | 1.60 | 0.0% | 0 | |
| 2018 | 1.60 | 0.0% | 0 | |
| 2017 | 1.60 | 0.0% | 0 | |
| 2016 | 1.60 | +6.7% | 0 | |
| 2015 | 1.50 | +25.0% | 1 | |
| 2014 | 1.20 | +26.3% | 0 | |
| 2013 | 0.95 | +375.0% | 1 | |
| 2012 | 0.20 | 0.0% | 0 | |
| 2011 | 0.20 | 0.0% | 0 |
Special dividends are excluded from these figures. Based on 125 regular payments.
Payment history (126 payments · 1 special)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-05-19 | $0.8 | – | 0.0% | Cash | quarterly | 2026-05-08 | 2026-05-19 | 2026-06-01 |
| 2026-02-19 | $0.8 | – | 0.0% | Cash | quarterly | 2026-02-03 | 2026-02-19 | 2026-03-02 |
| 2025-11-17 | $0.8 | – | +33.3% | Cash | quarterly | 2025-11-04 | 2025-11-17 | 2025-12-01 |
| 2025-08-15 | $0.6 | – | 0.0% | Cash | quarterly | 2025-07-29 | 2025-08-15 | 2025-09-02 |
| 2025-05-23 | $0.6 | – | 0.0% | Cash | quarterly | 2025-05-08 | 2025-05-23 | 2025-06-05 |
| 2025-02-18 | $0.6 | – | 0.0% | Cash | quarterly | 2025-02-07 | 2025-02-18 | 2025-03-03 |
| 2024-11-14 | $0.6 | – | 0.0% | Cash | quarterly | 2024-11-04 | 2024-11-14 | 2024-11-22 |
| 2024-08-12 | $0.6 | – | 0.0% | Cash | quarterly | 2024-07-31 | 2024-08-12 | 2024-08-23 |
| 2024-05-10 | $0.6 | – | 0.0% | Cash | quarterly | 2024-05-03 | 2024-05-13 | 2024-05-24 |
| 2024-02-09 | $0.6 | – | 0.0% | Cash | quarterly | 2024-01-31 | 2024-02-12 | 2024-02-23 |
| 2023-11-10 | $0.6 | – | 0.0% | Cash | quarterly | 2023-11-02 | 2023-11-13 | 2023-11-24 |
| 2023-08-04 | $0.6 | – | 0.0% | Cash | quarterly | 2023-07-26 | 2023-08-07 | 2023-08-18 |
| 2023-05-12 | $0.6 | – | 0.0% | Cash | quarterly | 2023-05-04 | 2023-05-15 | 2023-05-26 |
| 2023-02-03 | $0.6 | – | 0.0% | Cash | quarterly | 2023-01-26 | 2023-02-06 | 2023-02-17 |
| 2022-11-10 | $0.6 | – | 0.0% | Cash | quarterly | 2022-11-03 | 2022-11-14 | 2022-11-25 |
| 2022-08-05 | $0.6 | – | 0.0% | Cash | quarterly | 2022-07-20 | 2022-08-08 | 2022-08-19 |
| 2022-05-13 | $0.6 | – | 0.0% | Cash | quarterly | 2022-05-05 | 2022-05-16 | 2022-05-27 |
| 2022-02-11 | $0.6 | – | 0.0% | Cash | quarterly | 2022-02-04 | 2022-02-14 | 2022-02-25 |
| 2021-11-12 | $0.6 | – | 0.0% | Cash | quarterly | 2021-11-04 | 2021-11-15 | 2021-11-26 |
| 2021-08-06 | $0.6 | – | +50.0% | Cash | quarterly | 2021-07-28 | 2021-08-09 | 2021-08-20 |
| 2021-08-06 | $0.6 | – | – | Special (cash) | — | 2021-07-28 | 2021-08-09 | 2021-08-20 |
| 2021-05-14 | $0.4 | – | 0.0% | Cash | quarterly | 2021-05-05 | 2021-05-17 | 2021-05-28 |
| 2021-02-16 | $0.4 | – | +300.0% | Cash | quarterly | 2021-02-04 | 2021-02-17 | 2021-03-01 |
| 2020-11-06 | $0.1 | – | 0.0% | Cash | quarterly | 2020-10-29 | 2020-11-09 | 2020-11-19 |
| 2020-08-07 | $0.1 | – | -75.0% | Cash | quarterly | 2020-07-31 | 2020-08-10 | 2020-08-20 |
| 2020-05-08 | $0.4 | – | 0.0% | Cash | quarterly | 2020-04-29 | 2020-05-11 | 2020-05-21 |
| 2020-02-07 | $0.4 | – | 0.0% | Cash | quarterly | 2020-01-29 | 2020-02-10 | 2020-02-21 |
| 2019-11-08 | $0.4 | – | 0.0% | Cash | quarterly | 2019-10-31 | 2019-11-12 | 2019-11-22 |
| 2019-08-02 | $0.4 | – | 0.0% | Cash | quarterly | 2019-07-24 | 2019-08-05 | 2019-08-15 |
| 2019-05-10 | $0.4 | – | 0.0% | Cash | quarterly | 2019-05-02 | 2019-05-13 | 2019-05-23 |
| 2019-02-08 | $0.4 | – | 0.0% | Cash | quarterly | 2019-02-01 | 2019-02-11 | 2019-02-22 |
| 2018-11-08 | $0.4 | – | 0.0% | Cash | quarterly | 2018-11-01 | 2018-11-12 | 2018-11-23 |
| 2018-08-03 | $0.4 | – | 0.0% | Cash | quarterly | 2018-07-26 | 2018-08-06 | 2018-08-16 |
| 2018-05-11 | $0.4 | – | 0.0% | Cash | quarterly | 2018-05-04 | 2018-05-14 | 2018-05-24 |
| 2018-02-09 | $0.4 | – | 0.0% | Cash | quarterly | 2018-02-01 | 2018-02-12 | 2018-02-23 |
| 2017-11-10 | $0.4 | – | 0.0% | Cash | quarterly | 2017-11-03 | 2017-11-13 | 2017-11-24 |
| 2017-08-03 | $0.4 | – | 0.0% | Cash | quarterly | 2017-07-27 | 2017-08-07 | 2017-08-17 |
| 2017-05-11 | $0.4 | – | 0.0% | Cash | quarterly | 2017-05-05 | 2017-05-15 | 2017-05-25 |
| 2017-02-09 | $0.4 | – | 0.0% | Cash | quarterly | 2017-02-02 | 2017-02-13 | 2017-02-24 |
| 2016-11-09 | $0.4 | – | 0.0% | Cash | quarterly | 2016-11-03 | 2016-11-14 | 2016-11-25 |
| 2016-08-04 | $0.4 | – | 0.0% | Cash | quarterly | 2016-07-28 | 2016-08-08 | 2016-08-18 |
| 2016-05-12 | $0.4 | – | 0.0% | Cash | quarterly | 2016-05-05 | 2016-05-16 | 2016-05-26 |
| 2016-02-11 | $0.4 | – | 0.0% | Cash | quarterly | 2016-02-03 | 2016-02-16 | 2016-02-26 |
| 2015-11-05 | $0.4 | – | 0.0% | Cash | quarterly | 2015-10-29 | 2015-11-09 | 2015-11-19 |
| 2015-08-06 | $0.4 | – | 0.0% | Cash | quarterly | 2015-07-30 | 2015-08-10 | 2015-08-20 |
| 2015-05-07 | $0.4 | – | +33.3% | Cash | quarterly | 2015-04-30 | 2015-05-11 | 2015-05-21 |
| 2015-02-05 | $0.3 | – | 0.0% | Cash | quarterly | 2015-01-30 | 2015-02-09 | 2015-02-20 |
| 2014-11-06 | $0.3 | – | 0.0% | Cash | quarterly | 2014-10-30 | 2014-11-10 | 2014-11-20 |
| 2014-08-07 | $0.3 | – | 0.0% | Cash | quarterly | 2014-07-31 | 2014-08-11 | 2014-08-21 |
| 2014-05-08 | $0.3 | – | 0.0% | Cash | quarterly | 2014-05-01 | 2014-05-12 | 2014-05-22 |
| 2014-02-06 | $0.3 | – | 0.0% | Cash | quarterly | 2014-01-29 | 2014-02-10 | 2014-02-21 |
| 2013-11-06 | $0.3 | – | 0.0% | Cash | quarterly | 2013-11-01 | 2013-11-11 | 2013-11-21 |
| 2013-08-01 | $0.3 | – | 0.0% | Cash | quarterly | 2013-07-25 | 2013-08-05 | 2013-08-15 |
| 2013-05-09 | $0.3 | – | +500.0% | Cash | quarterly | 2013-05-02 | 2013-05-13 | 2013-05-23 |
| 2013-02-07 | $0.05 | – | 0.0% | Cash | quarterly | 2013-01-31 | 2013-02-11 | 2013-02-22 |
| 2012-11-07 | $0.05 | – | 0.0% | Cash | quarterly | 2012-10-30 | 2012-11-09 | 2012-11-19 |
| 2012-08-08 | $0.05 | – | 0.0% | Cash | quarterly | 2012-08-01 | 2012-08-10 | 2012-08-20 |
| 2012-05-16 | $0.05 | – | 0.0% | Cash | quarterly | 2012-05-09 | 2012-05-18 | 2012-05-29 |
| 2012-02-08 | $0.05 | – | 0.0% | Cash | quarterly | 2012-02-01 | 2012-02-10 | 2012-02-21 |
| 2011-11-17 | $0.05 | – | 0.0% | Cash | quarterly | 2011-11-12 | 2011-11-21 | 2011-12-02 |
| 2011-08-10 | $0.05 | – | 0.0% | Cash | quarterly | 2011-07-29 | 2011-08-12 | 2011-08-22 |
| 2011-05-19 | $0.05 | – | 0.0% | Cash | quarterly | 2011-05-12 | 2011-05-23 | 2011-06-03 |
| 2011-02-09 | $0.05 | – | 0.0% | Cash | quarterly | 2011-01-28 | 2011-02-11 | 2011-02-22 |
| 2010-11-09 | $0.05 | – | 0.0% | Cash | quarterly | 2010-10-29 | 2010-11-12 | 2010-11-22 |
| 2010-08-09 | $0.05 | – | 0.0% | Cash | quarterly | 2010-07-30 | 2010-08-11 | 2010-08-20 |
| 2010-05-07 | $0.05 | – | 0.0% | Cash | quarterly | 2010-04-30 | 2010-05-11 | 2010-05-20 |
| 2010-02-10 | $0.05 | – | 0.0% | Cash | quarterly | 2010-01-29 | 2010-02-12 | 2010-02-22 |
| 2009-11-06 | $0.05 | – | 0.0% | Cash | quarterly | 2009-10-30 | 2009-11-11 | 2009-11-20 |
| 2009-08-07 | $0.05 | – | 0.0% | Cash | quarterly | 2009-07-31 | 2009-08-11 | 2009-08-20 |
| 2009-05-07 | $0.05 | – | -86.7% | Cash | quarterly | 2009-04-24 | 2009-05-11 | 2009-05-20 |
| 2009-02-06 | $0.375 | – | 0.0% | Cash | quarterly | 2009-01-30 | 2009-02-10 | 2009-02-20 |
| 2008-11-06 | $0.375 | – | 0.0% | Cash | quarterly | 2008-10-31 | 2008-11-10 | 2008-11-20 |
| 2008-08-07 | $0.375 | – | 0.0% | Cash | quarterly | 2008-07-25 | 2008-08-11 | 2008-08-20 |
| 2008-05-08 | $0.375 | – | 0.0% | Cash | quarterly | 2008-04-24 | 2008-05-12 | 2008-05-21 |
| 2008-02-07 | $0.375 | – | +1,306.2% | Cash | quarterly | 2008-01-31 | 2008-02-11 | 2008-02-20 |
| 2007-11-07 | $0.0267 | – | 0.0% | Cash | quarterly | 2007-10-25 | 2007-11-12 | 2007-11-23 |
| 2007-08-08 | $0.0267 | – | 0.0% | Cash | quarterly | 2007-07-26 | 2007-08-10 | 2007-08-20 |
| 2007-05-08 | $0.0267 | – | 0.0% | Cash | quarterly | 2007-04-26 | 2007-05-10 | 2007-05-21 |
| 2007-02-08 | $0.0267 | – | 0.0% | Cash | quarterly | 2007-01-25 | 2007-02-12 | 2007-02-22 |
| 2006-11-08 | $0.0267 | – | -0.1% | Cash | quarterly | 2006-10-26 | 2006-11-10 | 2006-11-20 |
| 2006-08-08 | $0.0267 | – | 0.0% | Cash | quarterly | 2006-07-27 | 2006-08-10 | 2006-08-21 |
| 2006-05-08 | $0.0267 | – | 0.0% | Cash | quarterly | 2006-04-27 | 2006-05-10 | 2006-05-22 |
| 2006-02-08 | $0.0267 | – | 0.0% | Cash | quarterly | 2006-01-26 | 2006-02-10 | 2006-02-21 |
| 2005-11-08 | $0.0267 | – | 0.0% | Cash | quarterly | 2005-10-27 | 2005-11-10 | 2005-11-21 |
| 2005-08-08 | $0.0267 | – | 0.0% | Cash | quarterly | 2005-08-01 | 2005-08-10 | 2005-08-22 |
| 2005-05-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2005-05-02 | 2005-05-10 | 2005-05-20 |
| 2005-02-08 | $0.0267 | – | 0.0% | Cash | quarterly | 2005-01-19 | 2005-02-10 | 2005-02-22 |
| 2004-11-09 | $0.0267 | – | 0.0% | Cash | quarterly | 2004-10-29 | 2004-11-12 | 2004-11-22 |
| 2004-08-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2004-07-30 | 2004-08-10 | 2004-08-20 |
| 2004-05-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2004-05-03 | 2004-05-10 | 2004-05-20 |
| 2004-02-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2004-01-17 | 2004-02-10 | 2004-02-20 |
| 2003-11-05 | $0.0267 | – | 0.0% | Cash | quarterly | 2003-11-03 | 2003-11-07 | 2003-11-20 |
| 2003-08-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2003-07-23 | 2003-08-08 | 2003-08-20 |
| 2003-05-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2003-04-28 | 2003-05-08 | 2003-05-20 |
| 2003-02-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2003-01-30 | 2003-02-10 | 2003-02-20 |
| 2002-11-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2002-11-05 | 2002-11-08 | 2002-11-20 |
| 2002-08-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2002-07-23 | 2002-08-08 | 2002-08-20 |
| 2002-05-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2002-04-25 | 2002-05-08 | 2002-05-20 |
| 2002-02-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2002-01-17 | 2002-02-08 | 2002-02-20 |
| 2001-11-05 | $0.0267 | – | 0.0% | Cash | quarterly | 2001-10-18 | 2001-11-07 | 2001-11-20 |
| 2001-08-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2001-08-01 | 2001-08-08 | 2001-08-20 |
| 2001-05-07 | $0.0267 | – | 0.0% | Cash | quarterly | 2001-04-26 | 2001-05-09 | 2001-05-21 |
| 2001-02-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2001-01-18 | 2001-02-08 | 2001-02-20 |
| 2000-11-06 | $0.0267 | – | 0.0% | Cash | quarterly | 2000-10-17 | 2000-11-08 | 2000-11-20 |
| 2000-08-07 | $0.0267 | – | +0.4% | Cash | quarterly | 2000-07-20 | 2000-08-09 | 2000-08-21 |
| 2000-05-08 | $0.0266 | – | -0.4% | Cash | quarterly | 2000-04-27 | 2000-05-10 | 2000-05-22 |
| 2000-02-07 | $0.0267 | – | +0.4% | Cash | quarterly | 2000-01-20 | 2000-02-09 | 2000-02-22 |
| 1999-11-16 | $0.0266 | – | 0.0% | Cash | quarterly | 1999-10-26 | 1999-11-18 | 1999-11-22 |
| 1999-08-10 | $0.0266 | – | -0.4% | Cash | quarterly | 1999-07-22 | 1999-08-12 | 1999-08-20 |
| 1999-05-11 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1999-04-30 | 1999-05-13 | 1999-05-20 |
| 1999-02-08 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1999-01-22 | 1999-02-10 | 1999-02-22 |
| 1998-11-10 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1998-10-27 | 1998-11-13 | 1998-11-23 |
| 1998-08-11 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1998-07-30 | 1998-08-13 | 1998-08-21 |
| 1998-05-05 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1998-04-23 | 1998-05-07 | 1998-05-21 |
| 1998-02-05 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1998-01-22 | 1998-02-09 | 1998-02-20 |
| 1997-10-31 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1997-10-23 | 1997-11-04 | 1997-11-19 |
| 1997-08-01 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1997-07-24 | 1997-08-05 | 1997-08-20 |
| 1997-05-02 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1997-04-25 | 1997-05-06 | 1997-05-22 |
| 1997-01-31 | $0.0267 | $0.0801 | +0.1% | Cash | quarterly | 1997-01-23 | 1997-02-04 | 1997-02-20 |
| 1996-11-01 | $0.0267 | $0.08 | -0.1% | Cash | quarterly | 1996-10-12 | 1996-11-05 | 1996-11-20 |
| 1996-08-01 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1996-07-18 | 1996-08-05 | 1996-08-20 |
| 1996-04-26 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1996-04-18 | 1996-04-30 | 1996-05-15 |
| 1996-02-02 | $0.0267 | $0.0801 | 0.0% | Cash | quarterly | 1996-01-25 | 1996-02-06 | 1996-02-21 |
| 1995-11-03 | $0.0267 | $0.0801 | +0.1% | Cash | quarterly | 1995-10-26 | 1995-11-07 | 1995-11-22 |
| 1995-08-04 | $0.0267 | $0.08 | -0.1% | Cash | quarterly | 1995-07-15 | 1995-08-08 | 1995-08-24 |
| 1995-05-04 | $0.0267 | $0.0801 | – | Cash | quarterly | 1995-05-01 | 1995-05-10 | 1995-05-24 |
Splits (1)
| Date | Ratio | Cumulative |
|---|---|---|
| 1999-06-02 | 3:1 | ×3 to today |