Dividend Yield (TTM)
1.29%
vs 5Y avg 0.99% · 10Y avg 1.05%
Dividend Yield (Forward)
1.29%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.80
Forward (annualized): $1.80
Payout Ratio (EPS, TTM)
16.7%
Payout Ratio (FCF, TTM)
16.2%
Dividend CAGR (3Y / 5Y / 10Y)
3Y21.3%5Y17.9%10Y20.0%
Consecutive Growth Years
12
as of 2025
Years Without a Cut
12
as of 2025
Total Shareholder Yield (TTM)
8.45%
Div 1.23% + Net buyback 7.22%
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)
8.4%
Dividends 1.2% + Net buybacks 7.2%
Net Buyback (TTM)
$2.97B
Gross $2.97B − Issuance $0
SBC (TTM)
$137M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (26.9% latest vs 16.5% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.65 | +26.9% | 1 | |
| 2024 | 1.30 | +23.8% | 1 | |
| 2023 | 1.05 | +13.5% | 1 | |
| 2022 | 0.925 | +12.1% | 1 | |
| 2021 | 0.825 | +13.8% | 1 | |
| 2020 | 0.725 | +16.0% | 1 | |
| 2019 | 0.625 | +19.0% | 1 | |
| 2018 | 0.525 | +23.5% | 1 | |
| 2017 | 0.425 | +25.0% | 1 | |
| 2016 | 0.34 | +27.1% | 1 | |
| 2015 | 0.2675 | +33.7% | 1 | |
| 2014 | 0.20 | — | 1 | |
| 2012 | 0.15 | 0.0% | 0 | |
| 2011 | 0.15 | 0.0% | 0 | |
| 2010 | 0.15 | 0.0% | 0 |
Special dividends are excluded from these figures. Based on 115 regular payments.
Payment history (116 payments · 1 special)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-08-06 | $0.45 | – | 0.0% | Cash | quarterly | 2026-07-21 | 2026-08-06 | 2026-08-13 |
| 2026-05-07 | $0.45 | – | 0.0% | Cash | quarterly | 2026-04-21 | 2026-05-07 | 2026-05-14 |
| 2026-02-05 | $0.45 | – | 0.0% | Cash | quarterly | 2026-01-20 | 2026-02-05 | 2026-02-12 |
| 2025-11-13 | $0.45 | – | +12.5% | Cash | quarterly | 2025-10-28 | 2025-11-13 | 2025-11-20 |
| 2025-08-07 | $0.4 | – | 0.0% | Cash | quarterly | 2025-07-22 | 2025-08-07 | 2025-08-14 |
| 2025-05-02 | $0.4 | – | 0.0% | Cash | quarterly | 2025-04-17 | 2025-05-02 | 2025-05-09 |
| 2025-02-07 | $0.4 | – | 0.0% | Cash | quarterly | 2025-01-21 | 2025-02-07 | 2025-02-14 |
| 2024-11-12 | $0.4 | – | +33.3% | Cash | quarterly | 2024-10-29 | 2024-11-12 | 2024-11-19 |
| 2024-08-01 | $0.3 | – | 0.0% | Cash | quarterly | 2024-07-18 | 2024-08-01 | 2024-08-08 |
| 2024-05-01 | $0.3 | – | 0.0% | Cash | quarterly | 2024-04-18 | 2024-05-02 | 2024-05-09 |
| 2024-02-05 | $0.3 | – | 0.0% | Cash | quarterly | 2024-01-23 | 2024-02-06 | 2024-02-13 |
| 2023-11-20 | $0.3 | – | +20.0% | Cash | quarterly | 2023-11-07 | 2023-11-21 | 2023-11-28 |
| 2023-08-04 | $0.25 | – | 0.0% | Cash | quarterly | 2023-07-20 | 2023-08-07 | 2023-08-14 |
| 2023-05-02 | $0.25 | – | 0.0% | Cash | quarterly | 2023-04-20 | 2023-05-03 | 2023-05-10 |
| 2023-02-06 | $0.25 | – | 0.0% | Cash | quarterly | 2023-01-24 | 2023-02-07 | 2023-02-14 |
| 2022-12-01 | $0.25 | – | +11.1% | Cash | quarterly | 2022-11-09 | 2022-12-02 | 2022-12-12 |
| 2022-08-03 | $0.225 | – | 0.0% | Cash | quarterly | 2022-07-21 | 2022-08-04 | 2022-08-11 |
| 2022-05-06 | $0.225 | – | 0.0% | Cash | quarterly | 2022-04-26 | 2022-05-09 | 2022-05-18 |
| 2022-02-16 | $0.225 | – | 0.0% | Cash | quarterly | 2022-02-02 | 2022-02-17 | 2022-02-25 |
| 2021-12-03 | $0.225 | – | +12.5% | Cash | quarterly | 2021-11-09 | 2021-12-06 | 2021-12-15 |
| 2021-08-09 | $0.2 | – | 0.0% | Cash | quarterly | 2021-07-22 | 2021-08-10 | 2021-08-17 |
| 2021-05-07 | $0.2 | – | 0.0% | Cash | quarterly | 2021-04-22 | 2021-05-10 | 2021-05-20 |
| 2021-02-16 | $0.2 | – | 0.0% | Cash | quarterly | 2021-01-26 | 2021-02-17 | 2021-02-25 |
| 2020-12-03 | $0.2 | – | +14.3% | Cash | quarterly | 2020-11-10 | 2020-12-04 | 2020-12-14 |
| 2020-08-11 | $0.175 | – | 0.0% | Cash | quarterly | 2020-07-28 | 2020-08-12 | 2020-08-24 |
| 2020-05-08 | $0.175 | – | 0.0% | Cash | quarterly | 2020-04-28 | 2020-05-11 | 2020-05-21 |
| 2020-02-07 | $0.175 | – | 0.0% | Cash | quarterly | 2020-01-27 | 2020-02-10 | 2020-02-24 |
| 2019-11-26 | $0.175 | – | +16.7% | Cash | quarterly | 2019-11-12 | 2019-11-27 | 2019-12-11 |
| 2019-08-09 | $0.15 | – | 0.0% | Cash | quarterly | 2019-07-30 | 2019-08-12 | 2019-08-26 |
| 2019-05-10 | $0.15 | – | 0.0% | Cash | quarterly | 2019-04-24 | 2019-05-13 | 2019-05-28 |
| 2019-02-08 | $0.15 | – | 0.0% | Cash | quarterly | 2019-01-28 | 2019-02-11 | 2019-02-25 |
| 2018-11-23 | $0.15 | – | +20.0% | Cash | quarterly | 2018-11-08 | 2018-11-26 | 2018-12-10 |
| 2018-08-07 | $0.125 | – | 0.0% | Cash | quarterly | 2018-07-26 | 2018-08-08 | 2018-08-22 |
| 2018-05-10 | $0.125 | – | 0.0% | Cash | quarterly | 2018-04-26 | 2018-05-11 | 2018-05-25 |
| 2018-02-22 | $0.125 | – | 0.0% | Cash | quarterly | 2018-01-31 | 2018-02-23 | 2018-03-09 |
| 2017-11-30 | $0.125 | – | +25.0% | Cash | quarterly | 2017-11-09 | 2017-12-01 | 2017-12-15 |
| 2017-08-07 | $0.1 | – | 0.0% | Cash | quarterly | 2017-07-26 | 2017-08-09 | 2017-08-23 |
| 2017-05-03 | $0.1 | – | 0.0% | Cash | quarterly | 2017-04-21 | 2017-05-05 | 2017-05-19 |
| 2017-02-01 | $0.1 | – | 0.0% | Cash | quarterly | 2017-01-24 | 2017-02-03 | 2017-02-15 |
| 2016-11-23 | $0.1 | – | +25.0% | Cash | quarterly | 2016-11-08 | 2016-11-28 | 2016-12-12 |
| 2016-08-04 | $0.08 | – | 0.0% | Cash | quarterly | 2016-07-21 | 2016-08-08 | 2016-08-19 |
| 2016-05-11 | $0.08 | – | 0.0% | Cash | quarterly | 2016-04-25 | 2016-05-13 | 2016-05-27 |
| 2016-02-03 | $0.08 | – | 0.0% | Cash | quarterly | 2016-01-25 | 2016-02-05 | 2016-02-17 |
| 2015-11-25 | $0.08 | – | +28.0% | Cash | quarterly | 2015-11-10 | 2015-11-30 | 2015-12-14 |
| 2015-08-05 | $0.0625 | – | 0.0% | Cash | quarterly | 2015-07-27 | 2015-08-07 | 2015-08-18 |
| 2015-05-13 | $0.0625 | – | 0.0% | Cash | quarterly | 2015-04-22 | 2015-05-15 | 2015-05-27 |
| 2015-02-04 | $0.0625 | – | 0.0% | Cash | quarterly | 2015-01-26 | 2015-02-06 | 2015-02-17 |
| 2014-11-26 | $0.0625 | – | 0.0% | Cash | quarterly | 2014-11-11 | 2014-12-01 | 2014-12-15 |
| 2014-08-06 | $0.0625 | – | +66.7% | Cash | quarterly | 2014-07-24 | 2014-08-08 | 2014-08-18 |
| 2014-05-13 | $0.0375 | – | 0.0% | Cash | quarterly | 2014-04-24 | 2014-05-15 | 2014-05-27 |
| 2014-02-05 | $0.0375 | – | 0.0% | Cash | quarterly | 2014-01-28 | 2014-02-07 | 2014-02-18 |
| 2012-12-13 | $0.15 | – | – | Special (cash) | — | 2012-12-06 | 2012-12-17 | 2012-12-21 |
| 2012-11-29 | $0.0375 | – | 0.0% | Cash | quarterly | 2012-11-12 | 2012-12-03 | 2012-12-17 |
| 2012-08-09 | $0.0375 | – | 0.0% | Cash | quarterly | 2012-07-28 | 2012-08-13 | 2012-08-24 |
| 2012-05-04 | $0.0375 | – | 0.0% | Cash | quarterly | 2012-04-24 | 2012-05-08 | 2012-05-22 |
| 2012-02-08 | $0.0375 | – | 0.0% | Cash | quarterly | 2012-01-30 | 2012-02-10 | 2012-02-21 |
| 2011-11-30 | $0.0375 | – | 0.0% | Cash | quarterly | 2011-11-12 | 2011-12-02 | 2011-12-13 |
| 2011-08-10 | $0.0375 | – | 0.0% | Cash | quarterly | 2011-07-29 | 2011-08-12 | 2011-08-24 |
| 2011-05-10 | $0.0375 | – | 0.0% | Cash | quarterly | 2011-04-30 | 2011-05-12 | 2011-05-24 |
| 2011-02-08 | $0.0375 | – | 0.0% | Cash | quarterly | 2011-01-28 | 2011-02-10 | 2011-02-18 |
| 2010-11-22 | $0.0375 | – | 0.0% | Cash | quarterly | 2010-11-13 | 2010-11-24 | 2010-12-08 |
| 2010-08-12 | $0.0375 | – | 0.0% | Cash | quarterly | 2010-08-04 | 2010-08-16 | 2010-08-26 |
| 2010-05-12 | $0.0375 | – | 0.0% | Cash | quarterly | 2010-05-03 | 2010-05-14 | 2010-05-24 |
| 2010-02-11 | $0.0375 | – | 0.0% | Cash | quarterly | 2010-02-03 | 2010-02-16 | 2010-02-25 |
| 2009-12-02 | $0.0375 | – | 0.0% | Cash | quarterly | 2009-11-23 | 2009-12-04 | 2009-12-15 |
| 2009-08-17 | $0.0375 | – | 0.0% | Cash | quarterly | 2009-08-05 | 2009-08-19 | 2009-08-28 |
| 2009-05-15 | $0.0375 | – | 0.0% | Cash | quarterly | 2009-05-05 | 2009-05-19 | 2009-05-27 |
| 2009-02-11 | $0.0375 | – | 0.0% | Cash | quarterly | 2008-09-04 | 2009-02-16 | 2009-02-26 |
| 2008-12-04 | $0.0375 | – | -50.0% | Cash | quarterly | 2008-11-26 | 2008-12-08 | 2008-12-18 |
| 2008-08-14 | $0.075 | – | 0.0% | Cash | quarterly | 2008-08-06 | 2008-08-18 | 2008-08-28 |
| 2008-05-15 | $0.075 | – | -50.0% | Cash | quarterly | 2008-05-06 | 2008-05-19 | 2008-05-29 |
| 2008-02-08 | $0.15 | – | 0.0% | Cash | quarterly | 2008-02-01 | 2008-02-12 | 2008-02-20 |
| 2007-11-01 | $0.15 | – | 0.0% | Cash | quarterly | 2007-10-24 | 2007-11-05 | 2007-11-16 |
| 2007-08-15 | $0.15 | – | 0.0% | Cash | quarterly | 2007-08-02 | 2007-08-17 | 2007-08-27 |
| 2007-05-02 | $0.15 | – | 0.0% | Cash | quarterly | 2007-04-24 | 2007-05-04 | 2007-05-18 |
| 2007-01-24 | $0.15 | – | 0.0% | Cash | quarterly | 2007-01-11 | 2007-01-26 | 2007-02-09 |
| 2006-10-19 | $0.15 | – | 0.0% | Cash | quarterly | 2006-10-12 | 2006-10-23 | 2006-11-01 |
| 2006-08-17 | $0.15 | – | +50.0% | Cash | quarterly | 2006-08-09 | 2006-08-21 | 2006-09-01 |
| 2006-05-03 | $0.1 | – | 0.0% | Cash | quarterly | 2006-04-24 | 2006-05-05 | 2006-05-19 |
| 2006-01-25 | $0.1 | – | +11.1% | Cash | quarterly | 2006-01-13 | 2006-01-27 | 2006-02-10 |
| 2005-10-18 | $0.09 | – | 0.0% | Cash | quarterly | 2005-10-06 | 2005-10-20 | 2005-10-31 |
| 2005-08-03 | $0.09 | – | 0.0% | Cash | quarterly | 2005-07-25 | 2005-08-05 | 2005-08-19 |
| 2005-05-04 | $0.09 | – | +33.3% | Cash | quarterly | 2005-04-26 | 2005-05-06 | 2005-05-20 |
| 2005-01-26 | $0.0675 | $0.09 | +12.5% | Cash | quarterly | 2005-01-12 | 2005-01-28 | 2005-02-11 |
| 2004-10-22 | $0.06 | $0.08 | 0.0% | Cash | quarterly | 2004-10-14 | 2004-10-26 | 2004-11-02 |
| 2004-08-04 | $0.06 | $0.08 | 0.0% | Cash | quarterly | 2004-07-22 | 2004-08-06 | 2004-08-20 |
| 2004-05-05 | $0.06 | $0.08 | 0.0% | Cash | quarterly | 2004-04-28 | 2004-05-07 | 2004-05-21 |
| 2004-01-28 | $0.06 | $0.08 | +71.4% | Cash | quarterly | 2003-12-19 | 2004-01-30 | 2004-02-13 |
| 2003-10-16 | $0.035 | $0.07 | 0.0% | Cash | quarterly | 2003-10-09 | 2003-10-20 | 2003-10-31 |
| 2003-08-06 | $0.035 | $0.07 | 0.0% | Cash | quarterly | 2003-07-23 | 2003-08-08 | 2003-08-22 |
| 2003-05-09 | $0.035 | $0.07 | 0.0% | Cash | quarterly | 2003-04-28 | 2003-05-13 | 2003-05-20 |
| 2003-01-30 | $0.035 | $0.07 | +16.7% | Cash | quarterly | 2003-01-21 | 2003-02-03 | 2003-02-14 |
| 2002-10-31 | $0.03 | $0.06 | 0.0% | Cash | quarterly | 2002-10-22 | 2002-11-04 | 2002-11-15 |
| 2002-08-07 | $0.03 | $0.06 | 0.0% | Cash | quarterly | 2002-07-24 | 2002-08-09 | 2002-08-23 |
| 2002-05-10 | $0.03 | $0.06 | +50.0% | Cash | quarterly | 2002-05-01 | 2002-05-14 | 2002-05-21 |
| 2002-02-01 | $0.02 | $0.06 | +19.8% | Cash | quarterly | 2001-12-21 | 2002-02-05 | 2002-02-15 |
| 2001-10-11 | $0.0167 | $0.0501 | 0.0% | Cash | quarterly | 2001-10-04 | 2001-10-15 | 2001-10-26 |
| 2001-08-06 | $0.0167 | $0.0501 | 0.0% | Cash | quarterly | 2001-07-25 | 2001-08-08 | 2001-08-22 |
| 2001-05-04 | $0.0167 | $0.0501 | +11.3% | Cash | quarterly | 2001-04-24 | 2001-05-08 | 2001-05-15 |
| 2001-02-01 | $0.015 | $0.0499 | +25.0% | Cash | quarterly | 2001-01-23 | 2001-02-05 | 2001-02-15 |
| 2000-10-18 | $0.012 | $0.04 | +9.1% | Cash | quarterly | 2000-10-09 | 2000-10-20 | 2000-10-30 |
| 2000-08-14 | $0.011 | $0.0399 | 0.0% | Cash | quarterly | 2000-08-03 | 2000-08-16 | 2000-08-25 |
| 2000-05-11 | $0.011 | $0.0399 | 0.0% | Cash | quarterly | 2000-05-05 | 2000-05-15 | 2000-05-22 |
| 2000-02-03 | $0.011 | $0.0399 | +32.5% | Cash | quarterly | 2000-01-21 | 2000-02-07 | 2000-02-17 |
| 1999-10-19 | $0.0083 | $0.0301 | 0.0% | Cash | quarterly | 1999-10-04 | 1999-10-21 | 1999-10-28 |
| 1999-08-09 | $0.0083 | $0.0301 | 0.0% | Cash | quarterly | 1999-07-26 | 1999-08-11 | 1999-08-25 |
| 1999-05-04 | $0.0083 | $0.0301 | 0.0% | Cash | quarterly | 1999-04-22 | 1999-05-06 | 1999-05-14 |
| 1999-02-02 | $0.0083 | $0.0301 | +33.9% | Cash | quarterly | 1999-01-20 | 1999-02-04 | 1999-02-16 |
| 1998-10-14 | $0.0062 | $0.0225 | 0.0% | Cash | quarterly | 1998-10-01 | 1998-10-16 | 1998-10-23 |
| 1998-07-30 | $0.0062 | $0.0225 | 0.0% | Cash | quarterly | 1998-07-22 | 1998-08-03 | 1998-08-14 |
| 1998-04-27 | $0.0062 | $0.0225 | 0.0% | Cash | quarterly | 1998-04-16 | 1998-04-29 | 1998-05-15 |
| 1998-01-20 | $0.0062 | $0.0225 | +12.7% | Cash | quarterly | 1998-01-13 | 1998-01-22 | 1998-02-06 |
| 1997-10-31 | $0.0055 | $0.02 | 0.0% | Cash | quarterly | 1997-10-22 | 1997-11-04 | 1997-11-18 |
| 1997-08-06 | $0.0055 | $0.02 | 0.0% | Cash | quarterly | 1997-07-24 | 1997-08-08 | 1997-08-22 |
| 1997-04-28 | $0.0055 | $0.02 | 0.0% | Cash | quarterly | 1997-03-19 | 1997-04-24 | - |
| 1997-01-29 | $0.0055 | $0.02 | – | Cash | quarterly | 1997-01-20 | 1997-01-31 | 1997-02-13 |
Splits (10)
| Date | Ratio | Cumulative |
|---|---|---|
| 1993-08-25 | 21:20 | ×6.6578 to today |
| 1994-05-24 | 53:50 | ×6.3408 to today |
| 1995-05-24 | 1.09:1 | ×5.9819 to today |
| 1995-09-18 | 7:5 | ×5.488 to today |
| 1996-05-06 | 27:25 | ×3.92 to today |
| 2000-09-14 | 1.09:1 | ×3.6296 to today |
| 2001-03-07 | 1.11:1 | ×3.3299 to today |
| 2002-04-10 | 3:2 | ×2.9999 to today |
| 2004-01-13 | 3:2 | ×1.9999 to today |
| 2005-03-17 | 1.33:1 | ×1.3333 to today |