Dividend Yield (TTM)
1.36%
vs 5Y avg 0.51% · 10Y avg 0.83%
Dividend Yield (Forward)
1.36%
2 payments/yr (spacing)
Dividends / Share (TTM)
$1.50
Forward (annualized): $1.50
Payout Ratio (EPS, TTM)
30.9%
Payout Ratio (FCF, TTM)
31.9%
Dividend CAGR (3Y / 5Y / 10Y)
3Y—5Y—10Y-0.9%
Consecutive Growth Years
3
as of 2025
Years Without a Cut
3
as of 2025
Total Shareholder Yield (TTM)
4.47%
Div 0.00% + Net buyback 4.47%
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)
4.5%
Dividends 0.0% + Net buybacks 4.5%
Net Buyback (TTM)
$8.25B
Gross $8.25B − Issuance $0
SBC (TTM)
$1.52B
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.25 | +31.6% | 1 | |
| 2024 | 0.95 | +216.7% | 2 | |
| 2023 | 0.30 | — | 0 | |
| 2019 | 1.76 | +2.3% | 0 | |
| 2018 | 1.72 | +6.2% | 1 | |
| 2017 | 1.62 | +8.7% | 1 | |
| 2016 | 1.49 | +8.8% | 1 | |
| 2015 | 1.37 | +19.1% | 1 | |
| 2014 | 1.15 | +33.7% | 1 | |
| 2013 | 0.86 | +14.7% | 1 | |
| 2012 | 0.75 | +25.0% | 1 | |
| 2011 | 0.60 | +50.0% | 1 | |
| 2010 | 0.40 | +14.3% | 1 | |
| 2009 | 0.35 | 0.0% | 0 | |
| 2008 | 0.35 | 0.0% | 0 |
Special dividends are excluded from these figures. Based on 83 regular payments.
Payment history (83 payments)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $0.75 | – | 0.0% | Cash | semi-annually | 2025-11-13 | 2026-06-30 | 2026-07-22 |
| 2025-12-15 | $0.75 | – | +50.0% | Cash | semi-annually | 2025-11-13 | 2025-12-15 | 2026-01-15 |
| 2025-06-24 | $0.5 | – | 0.0% | Cash | semi-annually | 2024-12-04 | 2025-06-24 | 2025-07-23 |
| 2024-12-16 | $0.5 | – | +11.1% | Cash | semi-annually | 2024-12-04 | 2024-12-16 | 2025-01-16 |
| 2024-07-08 | $0.45 | – | +50.0% | Cash | semi-annually | 2024-02-07 | 2024-07-08 | 2024-07-25 |
| 2023-12-08 | $0.3 | – | -65.9% | Cash | semi-annually | 2023-11-30 | 2023-12-11 | 2024-01-10 |
| 2019-12-13 | $0.88 | – | 0.0% | Cash | semi-annually | 2019-12-04 | 2019-12-16 | 2020-01-16 |
| 2019-07-05 | $0.88 | – | 0.0% | Cash | semi-annually | 2019-06-26 | 2019-07-08 | 2019-07-25 |
| 2018-12-07 | $0.88 | – | +4.8% | Cash | semi-annually | 2018-11-28 | 2018-12-10 | 2019-01-10 |
| 2018-07-06 | $0.84 | – | 0.0% | Cash | semi-annually | 2018-06-26 | 2018-07-09 | 2018-07-26 |
| 2017-12-08 | $0.84 | – | +7.7% | Cash | semi-annually | 2017-11-20 | 2017-12-11 | 2018-01-11 |
| 2017-07-06 | $0.78 | – | 0.0% | Cash | semi-annually | 2017-06-29 | 2017-07-10 | 2017-07-27 |
| 2016-12-08 | $0.78 | – | +9.9% | Cash | semi-annually | 2016-11-30 | 2016-12-12 | 2017-01-11 |
| 2016-07-07 | $0.71 | – | 0.0% | Cash | semi-annually | 2016-06-29 | 2016-07-11 | 2016-07-28 |
| 2015-12-10 | $0.71 | – | +7.6% | Cash | semi-annually | 2015-12-02 | 2015-12-14 | 2016-01-11 |
| 2015-07-01 | $0.66 | – | -42.6% | Cash | semi-annually | 2015-06-24 | 2015-07-06 | 2015-07-29 |
| 2014-12-11 | $1.15 | – | +33.7% | Cash | annual | 2014-12-03 | 2014-12-15 | 2015-01-08 |
| 2013-12-12 | $0.86 | – | +14.7% | Cash | annual | 2013-12-04 | 2013-12-16 | 2014-01-16 |
| 2012-12-06 | $0.75 | – | +25.0% | Cash | annual | 2012-11-28 | 2012-12-10 | 2012-12-28 |
| 2011-12-14 | $0.6 | – | +50.0% | Cash | annual | 2011-12-01 | 2011-12-16 | 2012-01-18 |
| 2010-12-09 | $0.4 | – | +14.3% | Cash | annual | 2010-12-02 | 2010-12-13 | 2011-01-18 |
| 2009-12-10 | $0.35 | – | 0.0% | Cash | annual | 2009-12-03 | 2009-12-14 | 2010-01-19 |
| 2008-12-11 | $0.35 | – | 0.0% | Cash | annual | 2008-12-04 | 2008-12-15 | 2009-01-20 |
| 2007-12-05 | $0.35 | – | +12.9% | Cash | annual | 2007-11-28 | 2007-12-07 | 2008-01-11 |
| 2006-12-13 | $0.31 | – | +14.8% | Cash | annual | 2006-11-28 | 2006-12-15 | 2007-01-12 |
| 2005-12-08 | $0.27 | – | +12.5% | Cash | annual | 2005-12-02 | 2005-12-12 | 2006-01-06 |
| 2004-12-08 | $0.24 | – | +14.3% | Cash | annual | 2004-12-02 | 2004-12-10 | 2005-01-06 |
| 2003-12-10 | $0.21 | – | 0.0% | Cash | annual | 2003-12-03 | 2003-12-12 | 2004-01-06 |
| 2002-12-11 | $0.21 | – | 0.0% | Cash | annual | 2002-12-05 | 2002-12-13 | 2003-01-09 |
| 2001-12-05 | $0.21 | – | 0.0% | Cash | annual | 2001-11-27 | 2001-12-07 | 2001-12-21 |
| 2000-12-06 | $0.21 | – | 0.0% | Cash | annual | 2000-11-28 | 2000-12-08 | 2000-12-22 |
| 1999-11-12 | $0.21 | – | +300.0% | Cash | annual | 1999-11-04 | 1999-11-16 | 1999-12-17 |
| 1998-10-07 | $0.0525 | – | 0.0% | Cash | quarterly | 1998-09-29 | 1998-10-09 | 1998-11-20 |
| 1998-07-22 | $0.0525 | – | 0.0% | Cash | quarterly | 1998-07-02 | 1998-07-24 | 1998-08-21 |
| 1998-04-07 | $0.0525 | $0.1575 | +18.8% | Cash | quarterly | 1998-01-27 | 1998-04-09 | 1998-05-22 |
| 1998-01-07 | $0.0442 | $0.1326 | 0.0% | Cash | quarterly | 1997-11-24 | 1998-01-09 | 1998-02-20 |
| 1997-10-15 | $0.0442 | $0.1326 | 0.0% | Cash | quarterly | 1997-09-22 | 1997-10-17 | 1997-11-21 |
| 1997-07-09 | $0.0442 | $0.1326 | 0.0% | Cash | quarterly | 1997-06-23 | 1997-07-11 | 1997-08-22 |
| 1997-04-09 | $0.0442 | $0.1326 | +20.4% | Cash | quarterly | 1997-01-27 | 1997-04-11 | 1997-05-16 |
| 1997-01-08 | $0.0367 | $0.1101 | 0.0% | Cash | quarterly | 1996-11-25 | 1997-01-10 | 1997-02-21 |
| 1996-10-09 | $0.0367 | $0.1101 | 0.0% | Cash | quarterly | 1996-09-30 | 1996-10-11 | 1996-11-22 |
| 1996-07-10 | $0.0367 | $0.1101 | 0.0% | Cash | quarterly | 1996-06-24 | 1996-07-12 | 1996-08-16 |
| 1996-04-10 | $0.0367 | $0.1101 | +22.3% | Cash | quarterly | 1996-01-22 | 1996-04-12 | 1996-05-17 |
| 1995-12-29 | $0.03 | $0.09 | 0.0% | Cash | quarterly | 1995-11-27 | 1996-01-03 | 1996-02-16 |
| 1995-10-11 | $0.03 | $0.09 | 0.0% | Cash | quarterly | 1995-09-26 | 1995-10-13 | 1995-11-17 |
| 1995-07-06 | $0.03 | $0.09 | 0.0% | Cash | quarterly | 1995-06-26 | 1995-07-10 | 1995-08-18 |
| 1995-04-07 | $0.03 | $0.09 | +20.0% | Cash | quarterly | 1995-01-23 | 1995-04-14 | 1995-05-19 |
| 1995-01-03 | $0.025 | $0.075 | 0.0% | Cash | quarterly | 1994-11-21 | 1995-01-09 | 1995-02-17 |
| 1994-10-07 | $0.025 | $0.075 | 0.0% | Cash | quarterly | 1994-09-26 | 1994-10-14 | 1994-11-18 |
| 1994-07-05 | $0.025 | $0.075 | 0.0% | Cash | quarterly | 1994-06-28 | 1994-07-11 | 1994-08-19 |
| 1994-04-11 | $0.025 | $0.075 | +20.2% | Cash | quarterly | 1994-01-24 | 1994-04-15 | 1994-05-20 |
| 1994-01-04 | $0.0208 | $0.0624 | 0.0% | Cash | quarterly | 1993-11-22 | 1994-01-10 | 1994-02-18 |
| 1993-10-06 | $0.0208 | $0.0624 | 0.0% | Cash | quarterly | 1993-09-27 | 1993-10-13 | 1993-11-19 |
| 1993-07-02 | $0.0208 | $0.0624 | 0.0% | Cash | quarterly | 1993-06-28 | 1993-07-09 | 1993-08-20 |
| 1993-04-05 | $0.0208 | $0.0624 | +18.9% | Cash | quarterly | 1993-01-25 | 1993-04-12 | 1993-05-20 |
| 1993-01-05 | $0.0175 | $0.0525 | 0.0% | Cash | quarterly | 1992-11-23 | 1993-01-11 | 1993-02-19 |
| 1992-10-05 | $0.0175 | $0.0525 | 0.0% | Cash | quarterly | 1992-09-21 | 1992-10-09 | 1992-11-20 |
| 1992-07-06 | $0.0175 | $0.0525 | 0.0% | Cash | quarterly | 1992-06-22 | 1992-07-10 | 1992-08-20 |
| 1992-04-06 | $0.0175 | $0.21 | +19.9% | Cash | quarterly | 1992-01-27 | 1992-04-10 | 1992-05-20 |
| 1992-01-06 | $0.0146 | $0.1752 | 0.0% | Cash | quarterly | 1991-11-25 | 1992-01-10 | 1992-02-20 |
| 1991-10-07 | $0.0146 | $0.1752 | 0.0% | Cash | quarterly | 1991-10-01 | 1991-10-14 | 1991-11-20 |
| 1991-07-08 | $0.0146 | $0.1752 | 0.0% | Cash | quarterly | 1991-06-26 | 1991-07-12 | 1991-08-20 |
| 1991-04-08 | $0.0146 | $0.1752 | +20.7% | Cash | quarterly | 1991-03-19 | 1991-04-12 | 1991-05-20 |
| 1991-01-14 | $0.0121 | $0.1452 | 0.0% | Cash | quarterly | 1990-11-26 | 1991-01-18 | 1991-02-20 |
| 1990-10-05 | $0.0121 | $0.1452 | 0.0% | Cash | quarterly | 1990-09-24 | 1990-10-12 | 1990-11-15 |
| 1990-07-09 | $0.0121 | $0.1452 | 0.0% | Cash | quarterly | 1990-06-16 | 1990-07-13 | 1990-08-15 |
| 1990-04-06 | $0.0121 | $0.1452 | +21.0% | Cash | quarterly | 1990-02-20 | 1990-04-13 | 1990-05-15 |
| 1990-01-08 | $0.01 | $0.12 | 0.0% | Cash | quarterly | 1989-11-27 | 1990-01-12 | 1990-02-15 |
| 1989-10-06 | $0.01 | $0.12 | 0.0% | Cash | quarterly | 1989-09-25 | 1989-10-13 | 1989-11-15 |
| 1989-07-10 | $0.01 | $0.12 | 0.0% | Cash | quarterly | 1989-06-21 | 1989-07-14 | 1989-08-15 |
| 1989-04-10 | $0.01 | $0.12 | +20.5% | Cash | quarterly | 1989-02-14 | 1989-04-14 | 1989-05-15 |
| 1989-01-09 | $0.0083 | $0.0996 | 0.0% | Cash | quarterly | 1988-11-14 | 1989-01-13 | 1989-02-15 |
| 1988-10-07 | $0.0083 | $0.0996 | 0.0% | Cash | quarterly | 1988-09-19 | 1988-10-14 | 1988-11-15 |
| 1988-07-11 | $0.0083 | $0.0996 | 0.0% | Cash | quarterly | 1988-06-27 | 1988-07-15 | 1988-08-15 |
| 1988-04-13 | $0.0083 | $0.0996 | +23.9% | Cash | quarterly | 1988-01-11 | 1988-04-19 | 1988-05-16 |
| 1988-01-12 | $0.0067 | $0.0804 | 0.0% | Cash | quarterly | 1987-11-23 | 1988-01-19 | 1988-02-15 |
| 1987-09-16 | $0.0067 | $0.0804 | 0.0% | Cash | quarterly | 1987-09-14 | 1987-09-22 | 1987-10-07 |
| 1987-06-01 | $0.0067 | $0.0804 | 0.0% | Cash | quarterly | 1987-04-27 | 1987-06-05 | 1987-07-06 |
| 1987-03-09 | $0.0067 | $0.0804 | 0.0% | Cash | quarterly | 1987-02-11 | 1987-03-13 | 1987-04-06 |
| 1986-12-02 | $0.0067 | $0.0804 | 0.0% | Cash | quarterly | 1986-11-24 | 1986-12-08 | 1987-01-05 |
| 1986-09-15 | $0.0067 | $0.0804 | 0.0% | Cash | quarterly | 1986-09-04 | 1986-09-19 | 1986-10-06 |
| 1986-06-02 | $0.0067 | $0.0804 | 0.0% | Cash | quarterly | 1986-04-28 | 1986-06-06 | 1986-07-07 |
| 1986-03-12 | $0.0067 | $0.0804 | – | Cash | quarterly | 1986-01-13 | 1986-03-18 | 1986-04-07 |
Splits (12)
| Date | Ratio | Cumulative |
|---|---|---|
| 1970-11-24 | 51:50 | ×223.8416 to today |
| 1971-02-02 | 2:1 | ×219.4526 to today |
| 1971-11-24 | 51:50 | ×109.7263 to today |
| 1973-01-16 | 2:1 | ×107.5748 to today |
| 1973-11-27 | 51:50 | ×53.7874 to today |
| 1974-11-29 | 51:50 | ×52.7327 to today |
| 1975-12-15 | 1.03:1 | ×51.6988 to today |
| 1976-12-16 | 1.03:1 | ×50.193 to today |
| 1977-12-06 | 1.02:1 | ×48.731 to today |
| 1986-03-06 | 4:1 | ×48 to today |
| 1992-05-18 | 4:1 | ×12 to today |
| 1998-07-10 | 3:1 | ×3 to today |