Dividend Yield (TTM)
3.45%
vs 5Y avg 5.32% · 10Y avg 4.98%
Dividend Yield (Forward)
3.48%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.18
Forward (annualized): $1.19
Payout Ratio (EPS, TTM)
75.0%
Payout Ratio (FCF, TTM)
82.4%
Dividend CAGR (3Y / 5Y / 10Y)
3Y1.9%5Y2.3%10Y-4.9%
Consecutive Growth Years
8
as of 2025
Years Without a Cut
9
as of 2025
Total Shareholder Yield (TTM)
3.73%
Div 3.73% + 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)
3.7%
Dividends 3.7% + 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 steady (1.7% latest vs 2.2% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.17 | +1.7% | 1 | |
| 2024 | 1.15 | +1.8% | 1 | |
| 2023 | 1.13 | +2.0% | 1 | |
| 2022 | 1.10 | +2.8% | 1 | |
| 2021 | 1.07 | +3.4% | 1 | |
| 2020 | 1.04 | +9.2% | 1 | |
| 2019 | 0.95 | +31.0% | 1 | |
| 2018 | 0.725 | +45.0% | 1 | |
| 2017 | 0.50 | 0.0% | 0 | |
| 2016 | 0.50 | -74.1% | 0 | |
| 2015 | 1.93 | +13.5% | 4 | |
| 2014 | 1.70 | +9.0% | 3 | |
| 2013 | 1.56 | +16.4% | 4 | |
| 2012 | 1.34 | +81.1% | 4 | |
| 2011 | 0.74 | — | 1 |
Special dividends are excluded from these figures. Based on 62 regular payments.
Payment history (62 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-08-03 | $0.2975 | 0.0% | Cash | quarterly | 2026-07-22 | 2026-08-03 | 2026-08-17 |
| 2026-05-04 | $0.2975 | +1.7% | Cash | quarterly | 2026-04-22 | 2026-05-04 | 2026-05-15 |
| 2026-02-02 | $0.2925 | 0.0% | Cash | quarterly | 2026-01-21 | 2026-02-02 | 2026-02-17 |
| 2025-11-03 | $0.2925 | 0.0% | Cash | quarterly | 2025-10-22 | 2025-11-03 | 2025-11-17 |
| 2025-07-31 | $0.2925 | 0.0% | Cash | quarterly | 2025-07-16 | 2025-07-31 | 2025-08-15 |
| 2025-04-30 | $0.2925 | +1.7% | Cash | quarterly | 2025-04-16 | 2025-04-30 | 2025-05-15 |
| 2025-02-03 | $0.2875 | 0.0% | Cash | quarterly | 2025-01-22 | 2025-02-03 | 2025-02-18 |
| 2024-10-31 | $0.2875 | 0.0% | Cash | quarterly | 2024-10-16 | 2024-10-31 | 2024-11-15 |
| 2024-07-31 | $0.2875 | 0.0% | Cash | quarterly | 2024-07-17 | 2024-07-31 | 2024-08-15 |
| 2024-04-29 | $0.2875 | +1.8% | Cash | quarterly | 2024-04-17 | 2024-04-30 | 2024-05-15 |
| 2024-01-30 | $0.2825 | 0.0% | Cash | quarterly | 2024-01-17 | 2024-01-31 | 2024-02-15 |
| 2023-10-30 | $0.2825 | 0.0% | Cash | quarterly | 2023-10-18 | 2023-10-31 | 2023-11-15 |
| 2023-07-28 | $0.2825 | 0.0% | Cash | quarterly | 2023-07-19 | 2023-07-31 | 2023-08-15 |
| 2023-04-28 | $0.2825 | +1.8% | Cash | quarterly | 2023-04-20 | 2023-05-01 | 2023-05-15 |
| 2023-01-30 | $0.2775 | 0.0% | Cash | quarterly | 2023-01-18 | 2023-01-31 | 2023-02-15 |
| 2022-10-28 | $0.2775 | 0.0% | Cash | quarterly | 2022-10-19 | 2022-10-31 | 2022-11-15 |
| 2022-07-29 | $0.2775 | 0.0% | Cash | quarterly | 2022-07-20 | 2022-08-01 | 2022-08-15 |
| 2022-04-29 | $0.2775 | +2.8% | Cash | quarterly | 2022-04-20 | 2022-05-02 | 2022-05-16 |
| 2022-01-28 | $0.27 | 0.0% | Cash | quarterly | 2022-01-19 | 2022-01-31 | 2022-02-15 |
| 2021-10-29 | $0.27 | 0.0% | Cash | quarterly | 2021-10-20 | 2021-11-01 | 2021-11-15 |
| 2021-07-30 | $0.27 | 0.0% | Cash | quarterly | 2021-07-21 | 2021-08-02 | 2021-08-16 |
| 2021-04-29 | $0.27 | +2.9% | Cash | quarterly | 2021-04-21 | 2021-04-30 | 2021-05-17 |
| 2021-01-29 | $0.2625 | 0.0% | Cash | quarterly | 2021-01-20 | 2021-02-01 | 2021-02-16 |
| 2020-10-30 | $0.2625 | 0.0% | Cash | quarterly | 2020-10-22 | 2020-11-02 | 2020-11-16 |
| 2020-07-31 | $0.2625 | 0.0% | Cash | quarterly | 2020-07-22 | 2020-08-03 | 2020-08-17 |
| 2020-05-01 | $0.2625 | +5.0% | Cash | quarterly | 2020-04-22 | 2020-05-04 | 2020-05-15 |
| 2020-01-31 | $0.25 | 0.0% | Cash | quarterly | 2020-01-22 | 2020-02-03 | 2020-02-18 |
| 2019-10-30 | $0.25 | 0.0% | Cash | quarterly | 2019-10-16 | 2019-10-31 | 2019-11-15 |
| 2019-07-30 | $0.25 | 0.0% | Cash | quarterly | 2019-07-18 | 2019-07-31 | 2019-08-15 |
| 2019-04-29 | $0.25 | +25.0% | Cash | quarterly | 2019-04-17 | 2019-04-30 | 2019-05-15 |
| 2019-01-30 | $0.2 | 0.0% | Cash | quarterly | 2019-01-16 | 2019-01-31 | 2019-02-15 |
| 2018-10-30 | $0.2 | 0.0% | Cash | quarterly | 2018-10-17 | 2018-10-31 | 2018-11-15 |
| 2018-07-30 | $0.2 | 0.0% | Cash | quarterly | 2018-07-18 | 2018-07-31 | 2018-08-15 |
| 2018-04-27 | $0.2 | +60.0% | Cash | quarterly | 2018-04-20 | 2018-04-30 | 2018-05-15 |
| 2018-01-30 | $0.125 | 0.0% | Cash | quarterly | 2018-01-17 | 2018-01-31 | 2018-02-15 |
| 2017-10-30 | $0.125 | 0.0% | Cash | quarterly | 2017-10-18 | 2017-10-31 | 2017-11-15 |
| 2017-07-27 | $0.125 | 0.0% | Cash | quarterly | 2017-07-19 | 2017-07-31 | 2017-08-15 |
| 2017-04-27 | $0.125 | 0.0% | Cash | quarterly | 2017-04-20 | 2017-05-01 | 2017-05-15 |
| 2017-01-30 | $0.125 | 0.0% | Cash | quarterly | 2017-01-18 | 2017-02-01 | 2017-02-15 |
| 2016-10-28 | $0.125 | 0.0% | Cash | quarterly | 2016-10-19 | 2016-11-01 | 2016-11-15 |
| 2016-07-28 | $0.125 | 0.0% | Cash | quarterly | 2016-07-20 | 2016-08-01 | 2016-08-15 |
| 2016-04-28 | $0.125 | 0.0% | Cash | quarterly | 2016-04-22 | 2016-05-02 | 2016-05-16 |
| 2016-01-28 | $0.125 | -75.5% | Cash | quarterly | 2016-01-21 | 2016-02-01 | 2016-02-15 |
| 2015-10-29 | $0.51 | +4.1% | Cash | quarterly | 2015-10-21 | 2015-11-02 | 2015-11-13 |
| 2015-07-29 | $0.49 | +2.1% | Cash | quarterly | 2015-07-15 | 2015-07-31 | 2015-08-14 |
| 2015-04-28 | $0.48 | +6.7% | Cash | quarterly | 2015-04-16 | 2015-04-30 | 2015-05-15 |
| 2015-01-29 | $0.45 | +2.3% | Cash | quarterly | 2015-01-21 | 2015-02-02 | 2015-02-17 |
| 2014-10-29 | $0.44 | +2.3% | Cash | quarterly | 2014-10-15 | 2014-10-31 | 2014-11-17 |
| 2014-07-29 | $0.43 | +2.4% | Cash | quarterly | 2014-07-16 | 2014-07-31 | 2014-08-15 |
| 2014-04-28 | $0.42 | +2.4% | Cash | quarterly | 2014-04-16 | 2014-04-30 | 2014-05-16 |
| 2014-01-29 | $0.41 | 0.0% | Cash | quarterly | 2014-01-15 | 2014-01-31 | 2014-02-18 |
| 2013-10-29 | $0.41 | +2.5% | Cash | quarterly | 2013-10-16 | 2013-10-31 | 2013-11-15 |
| 2013-07-29 | $0.4 | +5.3% | Cash | quarterly | 2013-07-17 | 2013-07-31 | 2013-08-15 |
| 2013-04-25 | $0.38 | +2.7% | Cash | quarterly | 2013-04-17 | 2013-04-29 | 2013-05-16 |
| 2013-01-29 | $0.37 | +2.8% | Cash | quarterly | 2013-01-16 | 2013-01-31 | 2013-02-15 |
| 2012-10-29 | $0.36 | +2.9% | Cash | quarterly | 2012-10-17 | 2012-10-31 | 2012-11-15 |
| 2012-07-27 | $0.35 | +9.4% | Cash | quarterly | 2012-07-19 | 2012-07-31 | 2012-08-15 |
| 2012-04-26 | $0.32 | +3.2% | Cash | quarterly | 2012-04-19 | 2012-04-30 | 2012-05-16 |
| 2012-01-27 | $0.31 | +3.3% | Cash | quarterly | 2012-01-19 | 2012-01-31 | 2012-02-15 |
| 2011-10-27 | $0.3 | 0.0% | Cash | quarterly | 2011-10-19 | 2011-10-31 | 2011-11-15 |
| 2011-07-28 | $0.3 | +114.3% | Cash | quarterly | 2011-07-21 | 2011-08-01 | 2011-08-15 |
| 2011-04-28 | $0.14 | – | Cash | quarterly | 2011-04-21 | 2011-05-02 | 2011-05-16 |
No splits on record.