Dividend Yield (TTM)
3.57%
vs 5Y avg 2.97% · 10Y avg 2.63%
Dividend Yield (Forward)
3.57%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.60
Forward (annualized): $1.60
Payout Ratio (EPS, TTM)
42.4%
Payout Ratio (FCF, TTM)
6.2%
Dividend CAGR (3Y / 5Y / 10Y)
3Y10.1%5Y21.7%10Y20.4%
Consecutive Growth Years
2
as of 2025
Years Without a Cut
16
as of 2025
Total Shareholder Yield (TTM)
7.85%
Div 3.59% + Net buyback 4.27%
Growth, streak and CAGR figures exclude special dividends.
Upcoming dividend
$0.40 per shareTodayOct 18, 2026
Ex-dividendNov 16, 2026in 29 days
PaymentNov 25, 2026in 38 days
Own the stock before Nov 16, 2026 to receive this payment.
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)
7.9%
Dividends 3.6% + Net buybacks 4.3%
Net Buyback (TTM)
$440M
Gross $440M − Issuance $0
SBC (TTM)
$116M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (23.1% latest vs 13.9% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.60 | +23.1% | 1 | |
| 2024 | 1.30 | +8.3% | 1 | |
| 2023 | 1.20 | 0.0% | 0 | |
| 2022 | 1.20 | +33.3% | 1 | |
| 2021 | 0.90 | +50.0% | 2 | |
| 2020 | 0.60 | +20.0% | 1 | |
| 2019 | 0.50 | +11.1% | 0 | |
| 2018 | 0.45 | +38.5% | 1 | |
| 2017 | 0.325 | +30.0% | 1 | |
| 2016 | 0.25 | 0.0% | 0 | |
| 2015 | 0.25 | 0.0% | 0 | |
| 2014 | 0.25 | 0.0% | 0 | |
| 2013 | 0.25 | 0.0% | 0 | |
| 2012 | 0.25 | 0.0% | 0 | |
| 2011 | 0.25 | 0.0% | 0 |
Special dividends are excluded from these figures. Based on 73 regular payments.
Payment history (75 payments · 1 special)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-11-16 | $0.4 | – | 0.0% | Cash | quarterly | 2026-09-28 | 2026-11-16 | 2026-11-25 |
| 2026-08-18 | $0.4 | – | 0.0% | Cash | quarterly | 2026-06-24 | 2026-08-18 | 2026-08-28 |
| 2026-05-18 | $0.4 | – | 0.0% | Cash | quarterly | 2026-03-25 | 2026-05-18 | 2026-05-29 |
| 2026-02-17 | $0.4 | – | 0.0% | Cash | quarterly | 2026-01-07 | 2026-02-17 | 2026-02-27 |
| 2025-11-17 | $0.4 | – | 0.0% | Cash | quarterly | 2025-09-29 | 2025-11-17 | 2025-11-26 |
| 2025-08-18 | $0.4 | – | 0.0% | Cash | quarterly | 2025-06-25 | 2025-08-18 | 2025-08-29 |
| 2025-05-19 | $0.4 | – | 0.0% | Cash | quarterly | 2025-03-26 | 2025-05-19 | 2025-05-29 |
| 2025-02-14 | $0.4 | – | +14.3% | Cash | quarterly | 2025-01-08 | 2025-02-14 | 2025-02-27 |
| 2024-11-18 | $0.35 | – | 0.0% | Cash | quarterly | 2024-09-25 | 2024-11-18 | 2024-11-27 |
| 2024-08-19 | $0.35 | – | +16.7% | Cash | quarterly | 2024-06-26 | 2024-08-19 | 2024-08-30 |
| 2024-05-17 | $0.3 | – | 0.0% | Cash | quarterly | 2024-03-27 | 2024-05-20 | 2024-05-30 |
| 2024-02-15 | $0.3 | – | 0.0% | Cash | quarterly | 2024-01-08 | 2024-02-16 | 2024-02-27 |
| 2023-11-10 | $0.3 | – | 0.0% | Cash | quarterly | 2023-09-27 | 2023-11-13 | 2023-11-28 |
| 2023-08-11 | $0.3 | – | 0.0% | Cash | quarterly | 2023-06-27 | 2023-08-14 | 2023-08-25 |
| 2023-05-12 | $0.3 | – | 0.0% | Cash | quarterly | 2023-03-28 | 2023-05-15 | 2023-05-26 |
| 2023-02-10 | $0.3 | – | 0.0% | Cash | quarterly | 2023-01-09 | 2023-02-13 | 2023-02-24 |
| 2022-11-10 | $0.3 | – | 0.0% | Cash | quarterly | 2022-09-28 | 2022-11-14 | 2022-11-29 |
| 2022-08-12 | $0.3 | – | 0.0% | Cash | quarterly | 2022-06-27 | 2022-08-15 | 2022-08-26 |
| 2022-05-13 | $0.3 | – | 0.0% | Cash | quarterly | 2022-03-28 | 2022-05-16 | 2022-05-27 |
| 2022-02-11 | $0.3 | – | +20.0% | Cash | quarterly | 2022-01-12 | 2022-02-14 | 2022-02-25 |
| 2021-11-12 | $0.25 | – | 0.0% | Cash | quarterly | 2021-09-30 | 2021-11-15 | 2021-11-29 |
| 2021-08-13 | $0.25 | – | +25.0% | Cash | quarterly | 2021-06-28 | 2021-08-16 | 2021-08-27 |
| 2021-05-14 | $0.2 | – | 0.0% | Cash | quarterly | 2021-03-24 | 2021-05-17 | 2021-05-28 |
| 2021-02-11 | $0.2 | – | +33.3% | Cash | quarterly | 2021-01-04 | 2021-02-12 | 2021-02-26 |
| 2020-11-12 | $0.15 | – | 0.0% | Cash | quarterly | 2020-09-23 | 2020-11-13 | 2020-11-25 |
| 2020-08-14 | $0.15 | – | 0.0% | Cash | quarterly | 2020-06-29 | 2020-08-17 | 2020-08-28 |
| 2020-05-15 | $0.15 | – | 0.0% | Cash | quarterly | 2020-03-26 | 2020-05-18 | 2020-05-29 |
| 2020-02-13 | $0.15 | – | +20.0% | Cash | quarterly | 2020-01-09 | 2020-02-14 | 2020-02-28 |
| 2019-11-15 | $0.125 | – | 0.0% | Cash | quarterly | 2019-09-26 | 2019-11-18 | 2019-11-29 |
| 2019-08-16 | $0.125 | – | 0.0% | Cash | quarterly | 2019-07-02 | 2019-08-19 | 2019-08-30 |
| 2019-05-17 | $0.125 | – | 0.0% | Cash | quarterly | 2019-03-28 | 2019-05-20 | 2019-05-31 |
| 2019-02-14 | $0.125 | – | 0.0% | Cash | quarterly | 2019-01-10 | 2019-02-15 | 2019-02-28 |
| 2018-11-16 | $0.125 | – | 0.0% | Cash | quarterly | 2018-10-25 | 2018-11-19 | 2018-11-30 |
| 2018-09-14 | $0.125 | – | +25.0% | Cash | quarterly | 2018-07-26 | 2018-09-17 | 2018-09-28 |
| 2018-06-15 | $0.1 | – | 0.0% | Cash | quarterly | 2018-05-23 | 2018-06-18 | 2018-06-29 |
| 2018-03-16 | $0.1 | – | 0.0% | Cash | quarterly | 2018-02-22 | 2018-03-19 | 2018-03-30 |
| 2017-12-12 | $0.1 | – | 0.0% | Cash | quarterly | 2017-10-26 | 2017-12-13 | 2017-12-27 |
| 2017-09-15 | $0.1 | – | +60.0% | Cash | quarterly | 2017-07-27 | 2017-09-18 | 2017-09-29 |
| 2017-06-15 | $0.0625 | – | 0.0% | Cash | quarterly | 2017-05-25 | 2017-06-19 | 2017-06-30 |
| 2017-03-16 | $0.0625 | – | 0.0% | Cash | quarterly | 2017-02-27 | 2017-03-20 | 2017-03-31 |
| 2016-12-12 | $0.0625 | – | 0.0% | Cash | quarterly | 2016-10-27 | 2016-12-14 | 2016-12-28 |
| 2016-09-15 | $0.0625 | – | 0.0% | Cash | quarterly | 2016-07-28 | 2016-09-19 | 2016-09-30 |
| 2016-06-09 | $0.0625 | – | 0.0% | Cash | quarterly | 2016-05-26 | 2016-06-13 | 2016-06-24 |
| 2016-03-10 | $0.0625 | – | 0.0% | Cash | quarterly | 2016-02-19 | 2016-03-14 | 2016-03-28 |
| 2015-12-10 | $0.0625 | – | 0.0% | Cash | quarterly | 2015-10-30 | 2015-12-14 | 2015-12-28 |
| 2015-09-10 | $0.0625 | – | 0.0% | Cash | quarterly | 2015-07-30 | 2015-09-14 | 2015-09-25 |
| 2015-06-11 | $0.0625 | – | 0.0% | Cash | quarterly | 2015-05-21 | 2015-06-15 | 2015-06-26 |
| 2015-03-12 | $0.0625 | – | 0.0% | Cash | quarterly | 2015-02-27 | 2015-03-16 | 2015-03-27 |
| 2014-12-11 | $0.0625 | – | 0.0% | Cash | quarterly | 2014-10-29 | 2014-12-15 | 2014-12-26 |
| 2014-09-11 | $0.0625 | – | 0.0% | Cash | quarterly | 2014-07-29 | 2014-09-15 | 2014-09-26 |
| 2014-06-12 | $0.0625 | – | 0.0% | Cash | quarterly | 2014-04-29 | 2014-06-16 | 2014-06-27 |
| 2014-03-13 | $0.0625 | – | 0.0% | Cash | quarterly | 2014-02-28 | 2014-03-17 | 2014-03-28 |
| 2013-12-12 | $0.0625 | – | 0.0% | Cash | quarterly | 2013-10-29 | 2013-12-16 | 2013-12-27 |
| 2013-09-12 | $0.0625 | – | 0.0% | Cash | quarterly | 2013-07-26 | 2013-09-16 | 2013-09-27 |
| 2013-06-13 | $0.0625 | – | 0.0% | Cash | semi-annually | 2013-04-25 | 2013-06-17 | 2013-06-28 |
| 2013-03-14 | $0.0625 | – | -75.0% | Cash | semi-annually | 2013-02-28 | 2013-03-18 | 2013-03-28 |
| 2012-12-13 | $0.25 | – | 0.0% | Cash | annual | 2012-12-03 | 2012-12-17 | 2012-12-28 |
| 2011-12-14 | $0.25 | – | 0.0% | Cash | annual | 2011-12-06 | 2011-12-16 | 2011-12-30 |
| 2010-12-15 | $0.25 | – | 0.0% | Cash | annual | 2010-12-07 | 2010-12-17 | 2010-12-30 |
| 2007-12-13 | $0.25 | – | 0.0% | Cash | annual | 2007-12-05 | 2007-12-17 | 2007-12-28 |
| 2006-12-14 | $0.25 | – | +100.0% | Cash | — | 2006-12-14 | 2006-12-18 | 2006-12-29 |
| 2005-12-19 | $0.125 | $0.25 | 0.0% | Cash | annual | 2005-12-07 | 2005-12-21 | 2005-12-30 |
| 2004-12-21 | $0.125 | $0.375 | +49.9% | Cash | annual | 2004-11-11 | 2004-12-23 | 2004-12-31 |
| 2003-12-17 | $0.0834 | $0.2502 | 0.0% | Cash | annual | 2003-12-04 | 2003-12-19 | 2003-12-30 |
| 2002-12-12 | $0.0834 | $0.2502 | 0.0% | Cash | annual | 2002-12-06 | 2002-12-16 | 2002-12-27 |
| 2001-12-05 | $0.0834 | $0.2502 | 0.0% | Cash | annual | 2001-11-27 | 2001-12-07 | 2001-12-28 |
| 2000-12-06 | $0.0834 | $0.2502 | -84.2% | Cash | annual | 2000-11-28 | 2000-12-08 | 2000-12-29 |
| 1999-12-15 | $0.5267 | $1.58 | +531.5% | Cash | annual | 1999-12-07 | 1999-12-17 | 1999-12-27 |
| 1999-05-24 | $4 | $12 | – | Special (cash) | — | - | - | - |
| 1997-12-03 | $0.0834 | $0.2502 | 0.0% | Cash | annual | 1997-11-04 | 1997-12-05 | 1997-12-31 |
| 1996-12-04 | $0.0834 | $0.2502 | 0.0% | Cash | annual | 1996-11-20 | 1996-12-06 | 1996-12-31 |
| 1995-12-13 | $0.0834 | $0.2502 | +100.0% | Cash | annual | 1995-11-16 | 1995-12-15 | 1995-12-29 |
| 1994-12-09 | $0.0417 | $0.2502 | 0.0% | Cash | annual | 1994-11-15 | 1994-12-15 | 1994-12-30 |
| 1993-11-24 | $0.0417 | $0.2502 | +24.9% | Cash | annual | 1993-10-15 | 1993-12-01 | 1993-12-15 |
| 1992-12-24 | $0.0334 | $0.4008 | – | Cash | annual | 1992-12-14 | 1992-12-31 | 1992-12-31 |
Splits (7)
| Date | Ratio | Cumulative |
|---|---|---|
| 1983-04-07 | 2:1 | ×72 to today |
| 1985-02-15 | 3:2 | ×36 to today |
| 1987-01-07 | 2:1 | ×24 to today |
| 1993-01-11 | 2:1 | ×12 to today |
| 1995-11-16 | 2:1 | ×6 to today |
| 2005-01-03 | 3:2 | ×3 to today |
| 2006-06-15 | 2:1 | ×2 to today |