Dividend Yield (TTM)
3.94%
vs 5Y avg 3.98% · 10Y avg 4.08%
Dividend Yield (Forward)
4.03%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.82
Forward (annualized): $1.86
Payout Ratio (EPS, TTM)
96.3%
Payout Ratio (FCF, TTM)
—
Dividend CAGR (3Y / 5Y / 10Y)
3Y4.1%5Y2.4%10Y2.0%
Consecutive Growth Years
3
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
3.79%
Div 3.79% + Net buyback 0.00%
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)
3.8%
Dividends 3.8% + Net buybacks 0.0%
Net Buyback (TTM)
$0
Gross $0 − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (4.5% latest vs 2.6% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.76 | +4.5% | 1 | |
| 2024 | 1.69 | +6.6% | 1 | |
| 2023 | 1.58 | +1.3% | 1 | |
| 2022 | 1.56 | 0.0% | 0 | |
| 2021 | 1.56 | 0.0% | 0 | |
| 2020 | 1.56 | +2.6% | 1 | |
| 2019 | 1.52 | +5.6% | 1 | |
| 2018 | 1.44 | 0.0% | 0 | |
| 2017 | 1.44 | 0.0% | 0 | |
| 2016 | 1.44 | 0.0% | 0 | |
| 2015 | 1.44 | 0.0% | 0 | |
| 2014 | 1.44 | -34.5% | 0 | |
| 2013 | 2.20 | 0.0% | 0 | |
| 2012 | 2.20 | 0.0% | 0 | |
| 2011 | 2.20 | 0.0% | 1 |
Special dividends are excluded from these figures. Based on 117 regular payments.
Payment history (117 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-08-07 | $0.465 | 0.0% | Cash | quarterly | 2026-07-22 | 2026-08-07 | 2026-09-01 |
| 2026-05-07 | $0.465 | +4.5% | Cash | quarterly | 2026-02-11 | 2026-05-07 | 2026-06-01 |
| 2026-02-06 | $0.445 | 0.0% | Cash | quarterly | 2025-12-17 | 2026-02-06 | 2026-03-01 |
| 2025-11-07 | $0.445 | 0.0% | Cash | quarterly | 2025-09-23 | 2025-11-07 | 2025-12-01 |
| 2025-08-07 | $0.445 | 0.0% | Cash | quarterly | 2025-07-23 | 2025-08-07 | 2025-09-01 |
| 2025-05-07 | $0.445 | +4.7% | Cash | quarterly | 2025-03-19 | 2025-05-07 | 2025-06-01 |
| 2025-02-07 | $0.425 | 0.0% | Cash | quarterly | 2024-12-18 | 2025-02-07 | 2025-03-01 |
| 2024-11-07 | $0.425 | 0.0% | Cash | quarterly | 2024-09-24 | 2024-11-07 | 2024-12-01 |
| 2024-08-07 | $0.425 | 0.0% | Cash | quarterly | 2024-07-24 | 2024-08-07 | 2024-09-01 |
| 2024-05-06 | $0.425 | +3.7% | Cash | quarterly | 2024-03-20 | 2024-05-07 | 2024-06-01 |
| 2024-02-06 | $0.41 | 0.0% | Cash | quarterly | 2023-12-20 | 2024-02-07 | 2024-03-01 |
| 2023-11-06 | $0.41 | +5.1% | Cash | quarterly | 2023-09-26 | 2023-11-07 | 2023-12-01 |
| 2023-08-04 | $0.39 | 0.0% | Cash | quarterly | 2023-07-26 | 2023-08-07 | 2023-09-01 |
| 2023-05-04 | $0.39 | 0.0% | Cash | quarterly | 2023-03-22 | 2023-05-05 | 2023-06-01 |
| 2023-02-06 | $0.39 | 0.0% | Cash | quarterly | 2022-12-13 | 2023-02-07 | 2023-03-01 |
| 2022-11-04 | $0.39 | 0.0% | Cash | quarterly | 2022-09-19 | 2022-11-07 | 2022-12-01 |
| 2022-08-04 | $0.39 | 0.0% | Cash | quarterly | 2022-07-19 | 2022-08-05 | 2022-09-01 |
| 2022-05-05 | $0.39 | 0.0% | Cash | quarterly | 2022-03-15 | 2022-05-06 | 2022-06-01 |
| 2022-02-04 | $0.39 | 0.0% | Cash | quarterly | 2021-12-21 | 2022-02-07 | 2022-03-01 |
| 2021-11-04 | $0.39 | 0.0% | Cash | quarterly | 2021-09-21 | 2021-11-05 | 2021-12-01 |
| 2021-08-05 | $0.39 | 0.0% | Cash | quarterly | 2021-07-20 | 2021-08-06 | 2021-09-01 |
| 2021-05-06 | $0.39 | 0.0% | Cash | quarterly | 2021-03-16 | 2021-05-07 | 2021-06-01 |
| 2021-02-04 | $0.39 | 0.0% | Cash | quarterly | 2020-12-15 | 2021-02-05 | 2021-03-01 |
| 2020-11-05 | $0.39 | 0.0% | Cash | quarterly | 2020-09-15 | 2020-11-06 | 2020-12-01 |
| 2020-08-06 | $0.39 | 0.0% | Cash | quarterly | 2020-07-21 | 2020-08-07 | 2020-09-01 |
| 2020-05-06 | $0.39 | 0.0% | Cash | quarterly | 2020-03-17 | 2020-05-07 | 2020-06-01 |
| 2020-02-06 | $0.39 | +2.6% | Cash | quarterly | 2019-11-08 | 2020-02-07 | 2020-03-01 |
| 2019-11-06 | $0.38 | 0.0% | Cash | quarterly | 2019-09-17 | 2019-11-07 | 2019-12-01 |
| 2019-08-06 | $0.38 | 0.0% | Cash | quarterly | 2019-07-16 | 2019-08-07 | 2019-09-01 |
| 2019-05-06 | $0.38 | 0.0% | Cash | quarterly | 2019-03-19 | 2019-05-07 | 2019-06-01 |
| 2019-02-06 | $0.38 | +5.6% | Cash | quarterly | 2018-11-12 | 2019-02-07 | 2019-03-01 |
| 2018-11-06 | $0.36 | 0.0% | Cash | quarterly | 2018-09-18 | 2018-11-07 | 2018-12-01 |
| 2018-08-06 | $0.36 | 0.0% | Cash | quarterly | 2018-07-17 | 2018-08-07 | 2018-09-01 |
| 2018-05-04 | $0.36 | 0.0% | Cash | quarterly | 2018-03-20 | 2018-05-07 | 2018-06-01 |
| 2018-02-06 | $0.36 | 0.0% | Cash | quarterly | 2018-01-16 | 2018-02-07 | 2018-03-01 |
| 2017-11-06 | $0.36 | 0.0% | Cash | quarterly | 2017-09-19 | 2017-11-07 | 2017-12-01 |
| 2017-08-03 | $0.36 | 0.0% | Cash | quarterly | 2017-07-18 | 2017-08-07 | 2017-09-01 |
| 2017-05-03 | $0.36 | 0.0% | Cash | quarterly | 2017-03-21 | 2017-05-05 | 2017-06-01 |
| 2017-02-03 | $0.36 | 0.0% | Cash | quarterly | 2017-01-17 | 2017-02-07 | 2017-03-01 |
| 2016-11-03 | $0.36 | 0.0% | Cash | quarterly | 2016-09-20 | 2016-11-07 | 2016-12-01 |
| 2016-08-03 | $0.36 | 0.0% | Cash | quarterly | 2016-07-19 | 2016-08-05 | 2016-09-01 |
| 2016-05-04 | $0.36 | 0.0% | Cash | quarterly | 2016-03-15 | 2016-05-06 | 2016-06-01 |
| 2016-02-03 | $0.36 | 0.0% | Cash | quarterly | 2016-01-05 | 2016-02-05 | 2016-03-01 |
| 2015-11-04 | $0.36 | 0.0% | Cash | quarterly | 2015-09-15 | 2015-11-06 | 2015-12-01 |
| 2015-08-05 | $0.36 | 0.0% | Cash | quarterly | 2015-07-21 | 2015-08-07 | 2015-09-01 |
| 2015-05-05 | $0.36 | 0.0% | Cash | quarterly | 2015-03-17 | 2015-05-07 | 2015-06-01 |
| 2015-02-04 | $0.36 | 0.0% | Cash | quarterly | 2015-01-20 | 2015-02-06 | 2015-03-01 |
| 2014-11-05 | $0.36 | 0.0% | Cash | quarterly | 2014-09-16 | 2014-11-07 | 2014-12-01 |
| 2014-08-05 | $0.36 | 0.0% | Cash | quarterly | 2014-07-15 | 2014-08-07 | 2014-09-01 |
| 2014-05-05 | $0.36 | 0.0% | Cash | quarterly | 2014-03-18 | 2014-05-07 | 2014-06-01 |
| 2014-02-05 | $0.36 | -34.5% | Cash | quarterly | 2014-01-21 | 2014-02-07 | 2014-03-01 |
| 2013-11-05 | $0.55 | 0.0% | Cash | quarterly | 2013-09-17 | 2013-11-07 | 2013-12-01 |
| 2013-08-05 | $0.55 | 0.0% | Cash | quarterly | 2013-07-16 | 2013-08-07 | 2013-09-01 |
| 2013-05-03 | $0.55 | 0.0% | Cash | quarterly | 2013-03-19 | 2013-05-07 | 2013-06-01 |
| 2013-02-05 | $0.55 | 0.0% | Cash | quarterly | 2012-12-18 | 2013-02-07 | 2013-03-01 |
| 2012-11-05 | $0.55 | 0.0% | Cash | quarterly | 2012-09-19 | 2012-11-07 | 2012-12-01 |
| 2012-08-03 | $0.55 | 0.0% | Cash | quarterly | 2012-07-18 | 2012-08-07 | 2012-09-01 |
| 2012-05-03 | $0.55 | 0.0% | Cash | quarterly | 2012-03-21 | 2012-05-07 | 2012-06-01 |
| 2012-02-03 | $0.55 | 0.0% | Cash | quarterly | 2011-12-21 | 2012-02-07 | 2012-03-01 |
| 2011-11-03 | $0.55 | 0.0% | Cash | quarterly | 2011-09-21 | 2011-11-07 | 2011-12-01 |
| 2011-08-03 | $0.55 | 0.0% | Cash | quarterly | 2011-07-20 | 2011-08-05 | 2011-09-01 |
| 2011-05-04 | $0.55 | +2,144.9% | Cash | quarterly | 2011-02-16 | 2011-05-06 | 2011-06-01 |
| 2011-03-01 | $0.0245 | -95.3% | Cash | quarterly | 2011-02-26 | 2011-02-25 | 2011-03-07 |
| 2011-02-28 | $0.5255 | -4.5% | Cash | quarterly | 2010-12-22 | 2011-02-07 | 2011-03-01 |
| 2010-11-03 | $0.55 | 0.0% | Cash | quarterly | 2010-09-22 | 2010-11-05 | 2010-12-01 |
| 2010-08-04 | $0.55 | 0.0% | Cash | quarterly | 2010-07-21 | 2010-08-06 | 2010-09-01 |
| 2010-05-05 | $0.55 | 0.0% | Cash | quarterly | 2010-03-17 | 2010-05-07 | 2010-06-01 |
| 2010-02-03 | $0.55 | 0.0% | Cash | quarterly | 2009-12-16 | 2010-02-05 | 2010-03-01 |
| 2009-11-04 | $0.55 | 0.0% | Cash | quarterly | 2009-09-16 | 2009-11-06 | 2009-12-01 |
| 2009-08-05 | $0.55 | 0.0% | Cash | quarterly | 2009-07-22 | 2009-08-07 | 2009-09-01 |
| 2009-05-05 | $0.55 | 0.0% | Cash | quarterly | 2009-03-18 | 2009-05-07 | 2009-06-01 |
| 2009-02-04 | $0.55 | 0.0% | Cash | quarterly | 2008-12-17 | 2009-02-06 | 2009-03-01 |
| 2008-11-05 | $0.55 | 0.0% | Cash | quarterly | 2008-09-17 | 2008-11-07 | 2008-12-01 |
| 2008-08-05 | $0.55 | 0.0% | Cash | quarterly | 2008-07-16 | 2008-08-07 | 2008-09-01 |
| 2008-05-05 | $0.55 | 0.0% | Cash | quarterly | 2008-03-18 | 2008-05-07 | 2008-06-01 |
| 2008-02-05 | $0.55 | +10.0% | Cash | quarterly | 2007-12-18 | 2008-02-07 | 2008-03-01 |
| 2007-11-05 | $0.5 | 0.0% | Cash | quarterly | 2007-09-18 | 2007-11-07 | 2007-12-01 |
| 2007-08-03 | $0.5 | 0.0% | Cash | quarterly | 2007-07-17 | 2007-08-07 | 2007-09-01 |
| 2007-05-03 | $0.5 | 0.0% | Cash | quarterly | 2007-03-22 | 2007-05-07 | 2007-06-01 |
| 2007-02-05 | $0.5 | +11.1% | Cash | quarterly | 2006-12-19 | 2007-02-07 | 2007-03-01 |
| 2006-11-03 | $0.45 | 0.0% | Cash | quarterly | 2006-09-19 | 2006-11-07 | 2006-12-01 |
| 2006-08-03 | $0.45 | 0.0% | Cash | quarterly | 2006-06-20 | 2006-08-07 | 2006-09-01 |
| 2006-05-03 | $0.45 | 0.0% | Cash | quarterly | 2006-03-21 | 2006-05-05 | 2006-06-01 |
| 2006-02-03 | $0.45 | +4.7% | Cash | quarterly | 2005-11-15 | 2006-02-07 | 2006-03-01 |
| 2005-11-03 | $0.43 | +4.2% | Cash | quarterly | 2005-09-20 | 2005-11-07 | 2005-12-01 |
| 2005-08-03 | $0.4125 | 0.0% | Cash | quarterly | 2005-06-24 | 2005-08-05 | 2005-09-01 |
| 2005-05-04 | $0.4125 | 0.0% | Cash | quarterly | 2005-03-25 | 2005-05-06 | 2005-06-01 |
| 2005-02-03 | $0.4125 | +10.0% | Cash | quarterly | 2004-12-01 | 2005-02-07 | 2005-03-01 |
| 2004-11-03 | $0.375 | 0.0% | Cash | quarterly | 2004-10-19 | 2004-11-05 | 2004-12-01 |
| 2004-08-04 | $0.375 | 0.0% | Cash | quarterly | 2004-07-20 | 2004-08-06 | 2004-09-01 |
| 2004-05-05 | $0.375 | 0.0% | Cash | quarterly | 2004-04-20 | 2004-05-07 | 2004-06-01 |
| 2004-02-04 | $0.375 | 0.0% | Cash | quarterly | 2003-12-26 | 2004-02-06 | 2004-03-01 |
| 2003-11-05 | $0.375 | 0.0% | Cash | quarterly | 2003-10-21 | 2003-11-07 | 2003-12-01 |
| 2003-08-05 | $0.375 | 0.0% | Cash | quarterly | 2003-07-15 | 2003-08-07 | 2003-09-01 |
| 2003-05-05 | $0.375 | 0.0% | Cash | quarterly | 2003-04-15 | 2003-05-07 | 2003-06-01 |
| 2003-02-05 | $0.375 | 0.0% | Cash | quarterly | 2003-01-21 | 2003-02-07 | 2003-03-01 |
| 2002-11-05 | $0.375 | 0.0% | Cash | quarterly | 2002-10-17 | 2002-11-07 | 2002-12-01 |
| 2002-08-05 | $0.375 | 0.0% | Cash | quarterly | 2002-07-16 | 2002-08-07 | 2002-09-01 |
| 2002-05-03 | $0.375 | 0.0% | Cash | quarterly | 2002-04-16 | 2002-05-07 | 2002-06-01 |
| 2002-02-05 | $0.375 | +291.4% | Cash | quarterly | 2001-12-27 | 2002-02-07 | 2002-03-01 |
| 2001-11-08 | $0.0958 | -65.7% | Cash | quarterly | 2001-10-31 | 2001-11-07 | 2001-12-01 |
| 2001-11-07 | $0.2792 | -25.5% | Cash | quarterly | 2001-10-03 | 2001-11-06 | 2001-12-01 |
| 2001-08-07 | $0.375 | 0.0% | Cash | quarterly | 2001-06-28 | 2001-08-07 | 2001-09-01 |
| 2001-05-03 | $0.375 | 0.0% | Cash | quarterly | 2001-04-17 | 2001-05-07 | 2001-06-01 |
| 2001-02-05 | $0.375 | 0.0% | Cash | quarterly | 2001-01-16 | 2001-02-07 | 2001-03-01 |
| 2000-11-03 | $0.375 | 0.0% | Cash | quarterly | 2000-10-17 | 2000-11-07 | 2000-12-01 |
| 2000-08-03 | $0.375 | 0.0% | Cash | quarterly | 2000-07-18 | 2000-08-07 | 2000-09-01 |
| 2000-05-03 | $0.375 | 0.0% | Cash | quarterly | 2000-04-18 | 2000-05-05 | 2000-06-01 |
| 2000-02-03 | $0.375 | 0.0% | Cash | quarterly | 2000-01-18 | 2000-02-07 | 2000-03-01 |
| 1999-11-03 | $0.375 | 0.0% | Cash | quarterly | 1999-10-13 | 1999-11-05 | 1999-12-01 |
| 1999-08-04 | $0.375 | 0.0% | Cash | quarterly | 1999-07-20 | 1999-08-06 | 1999-09-01 |
| 1999-05-05 | $0.375 | 0.0% | Cash | quarterly | 1999-04-20 | 1999-05-07 | 1999-06-01 |
| 1999-02-03 | $0.375 | 0.0% | Cash | quarterly | 1999-01-19 | 1999-02-05 | 1999-03-01 |
| 1998-11-04 | $0.375 | 0.0% | Cash | quarterly | 1998-10-14 | 1998-11-06 | 1998-12-01 |
| 1998-08-05 | $0.375 | 0.0% | Cash | quarterly | 1998-07-21 | 1998-08-07 | 1998-09-01 |
| 1998-05-05 | $0.375 | 0.0% | Cash | quarterly | 1998-04-21 | 1998-05-07 | 1998-06-01 |
| 1998-02-04 | $0.375 | – | Cash | quarterly | 1998-01-20 | 1998-02-06 | 1998-03-01 |
No splits on record.