Dividend Yield (TTM)
0.42%
vs 5Y avg 0.55% · 10Y avg 0.54%
Dividend Yield (Forward)
0.56%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.61
Forward (annualized): $3.48
Payout Ratio (EPS, TTM)
17.9%
Payout Ratio (FCF, TTM)
18.3%
Dividend CAGR (3Y / 5Y / 10Y)
3Y15.8%5Y13.7%10Y16.9%
Consecutive Growth Years
14
as of 2025
Years Without a Cut
19
as of 2025
Total Shareholder Yield (TTM)
3.77%
Div 0.59% + Net buyback 3.19%
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 0.6% + Net buybacks 3.2%
Net Buyback (TTM)
$15.82B
Gross $15.82B − Issuance $0
SBC (TTM)
$615M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (15.2% latest vs 14.5% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 3.04 | +15.2% | 1 | |
| 2024 | 2.64 | +15.8% | 1 | |
| 2023 | 2.28 | +16.3% | 1 | |
| 2022 | 1.96 | +11.4% | 1 | |
| 2021 | 1.76 | +10.0% | 1 | |
| 2020 | 1.60 | +21.2% | 1 | |
| 2019 | 1.32 | +32.0% | 1 | |
| 2018 | 1.00 | +13.6% | 1 | |
| 2017 | 0.88 | +15.8% | 1 | |
| 2016 | 0.76 | +18.8% | 1 | |
| 2015 | 0.64 | +45.5% | 1 | |
| 2014 | 0.44 | +109.5% | 1 | |
| 2013 | 0.21 | +100.0% | 1 | |
| 2012 | 0.105 | +75.0% | 1 | |
| 2011 | 0.06 | 0.0% | 0 |
Special dividends are excluded from these figures. Based on 80 regular payments.
Payment history (80 payments)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-07-09 | $0.87 | – | 0.0% | Cash | quarterly | 2026-06-16 | 2026-07-09 | 2026-08-07 |
| 2026-04-09 | $0.87 | – | 0.0% | Cash | quarterly | 2026-02-10 | 2026-04-09 | 2026-05-08 |
| 2026-01-09 | $0.87 | – | +14.5% | Cash | quarterly | 2025-12-09 | 2026-01-09 | 2026-02-09 |
| 2025-10-09 | $0.76 | – | 0.0% | Cash | quarterly | 2025-09-16 | 2025-10-09 | 2025-11-07 |
| 2025-07-09 | $0.76 | – | 0.0% | Cash | quarterly | 2025-06-24 | 2025-07-09 | 2025-08-08 |
| 2025-04-09 | $0.76 | – | 0.0% | Cash | quarterly | 2025-02-10 | 2025-04-09 | 2025-05-09 |
| 2025-01-10 | $0.76 | – | +15.2% | Cash | quarterly | 2024-12-17 | 2025-01-09 | 2025-02-07 |
| 2024-10-09 | $0.66 | – | 0.0% | Cash | quarterly | 2024-09-16 | 2024-10-09 | 2024-11-08 |
| 2024-07-09 | $0.66 | – | 0.0% | Cash | quarterly | 2024-06-18 | 2024-07-09 | 2024-08-09 |
| 2024-04-08 | $0.66 | – | 0.0% | Cash | quarterly | 2024-02-06 | 2024-04-09 | 2024-05-09 |
| 2024-01-08 | $0.66 | – | +15.8% | Cash | quarterly | 2023-12-05 | 2024-01-09 | 2024-02-09 |
| 2023-10-05 | $0.57 | – | 0.0% | Cash | quarterly | 2023-09-19 | 2023-10-09 | 2023-11-09 |
| 2023-07-06 | $0.57 | – | 0.0% | Cash | quarterly | 2023-06-26 | 2023-07-07 | 2023-08-09 |
| 2023-04-05 | $0.57 | – | 0.0% | Cash | quarterly | 2023-02-14 | 2023-04-07 | 2023-05-09 |
| 2023-01-06 | $0.57 | – | +16.3% | Cash | quarterly | 2022-12-06 | 2023-01-09 | 2023-02-09 |
| 2022-10-06 | $0.49 | – | 0.0% | Cash | quarterly | 2022-09-19 | 2022-10-07 | 2022-11-09 |
| 2022-07-07 | $0.49 | – | 0.0% | Cash | quarterly | 2022-06-20 | 2022-07-08 | 2022-08-09 |
| 2022-04-07 | $0.49 | – | 0.0% | Cash | quarterly | 2022-02-08 | 2022-04-08 | 2022-05-09 |
| 2022-01-06 | $0.49 | – | +11.4% | Cash | quarterly | 2021-11-30 | 2022-01-07 | 2022-02-09 |
| 2021-10-07 | $0.44 | – | 0.0% | Cash | quarterly | 2021-09-20 | 2021-10-08 | 2021-11-09 |
| 2021-07-08 | $0.44 | – | 0.0% | Cash | quarterly | 2021-06-21 | 2021-07-09 | 2021-08-09 |
| 2021-04-08 | $0.44 | – | 0.0% | Cash | quarterly | 2021-02-08 | 2021-04-09 | 2021-05-07 |
| 2021-01-07 | $0.44 | – | +10.0% | Cash | quarterly | 2020-12-08 | 2021-01-08 | 2021-02-09 |
| 2020-10-08 | $0.4 | – | 0.0% | Cash | quarterly | 2020-09-22 | 2020-10-09 | 2020-11-09 |
| 2020-07-08 | $0.4 | – | 0.0% | Cash | quarterly | 2020-06-17 | 2020-07-09 | 2020-08-07 |
| 2020-04-08 | $0.4 | – | 0.0% | Cash | quarterly | 2020-02-04 | 2020-04-09 | 2020-05-08 |
| 2020-01-08 | $0.4 | – | +21.2% | Cash | quarterly | 2019-12-03 | 2020-01-09 | 2020-02-07 |
| 2019-10-08 | $0.33 | – | 0.0% | Cash | quarterly | 2019-09-17 | 2019-10-09 | 2019-11-08 |
| 2019-07-08 | $0.33 | – | 0.0% | Cash | quarterly | 2019-06-25 | 2019-07-09 | 2019-08-09 |
| 2019-04-08 | $0.33 | – | 0.0% | Cash | quarterly | 2019-02-05 | 2019-04-09 | 2019-05-09 |
| 2019-01-08 | $0.33 | – | +32.0% | Cash | quarterly | 2018-12-04 | 2019-01-09 | 2019-02-08 |
| 2018-10-05 | $0.25 | – | 0.0% | Cash | quarterly | 2018-09-17 | 2018-10-09 | 2018-11-09 |
| 2018-07-06 | $0.25 | – | 0.0% | Cash | quarterly | 2018-06-25 | 2018-07-09 | 2018-08-09 |
| 2018-04-06 | $0.25 | – | 0.0% | Cash | quarterly | 2018-02-05 | 2018-04-09 | 2018-05-09 |
| 2018-01-08 | $0.25 | – | +13.6% | Cash | quarterly | 2017-12-04 | 2018-01-09 | 2018-02-09 |
| 2017-10-05 | $0.22 | – | 0.0% | Cash | quarterly | 2017-09-19 | 2017-10-06 | 2017-11-09 |
| 2017-07-05 | $0.22 | – | 0.0% | Cash | quarterly | 2017-06-27 | 2017-07-07 | 2017-08-09 |
| 2017-04-05 | $0.22 | – | 0.0% | Cash | quarterly | 2017-02-07 | 2017-04-07 | 2017-05-09 |
| 2017-01-05 | $0.22 | – | +15.8% | Cash | quarterly | 2016-12-06 | 2017-01-09 | 2017-02-09 |
| 2016-10-05 | $0.19 | – | 0.0% | Cash | quarterly | 2016-09-27 | 2016-10-10 | 2016-11-09 |
| 2016-07-06 | $0.19 | – | 0.0% | Cash | quarterly | 2016-06-28 | 2016-07-08 | 2016-08-09 |
| 2016-04-06 | $0.19 | – | 0.0% | Cash | quarterly | 2016-02-02 | 2016-04-08 | 2016-05-09 |
| 2016-01-06 | $0.19 | – | +18.8% | Cash | quarterly | 2015-12-08 | 2016-01-08 | 2016-02-09 |
| 2015-10-07 | $0.16 | – | 0.0% | Cash | quarterly | 2015-09-22 | 2015-10-09 | 2015-11-09 |
| 2015-07-07 | $0.16 | – | 0.0% | Cash | quarterly | 2015-06-10 | 2015-07-09 | 2015-08-10 |
| 2015-04-07 | $0.16 | – | 0.0% | Cash | quarterly | 2015-03-02 | 2015-04-09 | 2015-05-08 |
| 2015-01-07 | $0.16 | – | +45.5% | Cash | quarterly | 2014-12-02 | 2015-01-09 | 2015-02-09 |
| 2014-10-07 | $0.11 | – | 0.0% | Cash | quarterly | 2014-09-16 | 2014-10-09 | 2014-11-10 |
| 2014-07-07 | $0.11 | – | 0.0% | Cash | quarterly | 2014-06-03 | 2014-07-09 | 2014-08-08 |
| 2014-04-07 | $0.11 | – | 0.0% | Cash | quarterly | 2014-02-04 | 2014-04-09 | 2014-05-09 |
| 2014-01-07 | $0.11 | $1.1 | +83.3% | Cash | quarterly | 2013-12-10 | 2014-01-09 | 2014-02-10 |
| 2013-10-07 | $0.06 | $0.6 | 0.0% | Cash | quarterly | 2013-09-17 | 2013-10-09 | 2013-11-08 |
| 2013-07-05 | $0.06 | $0.6 | 0.0% | Cash | quarterly | 2013-06-18 | 2013-07-09 | 2013-08-09 |
| 2013-04-05 | $0.06 | $0.6 | +100.0% | Cash | quarterly | 2013-02-05 | 2013-04-09 | 2013-05-09 |
| 2013-01-07 | $0.03 | $0.3 | 0.0% | Cash | quarterly | 2012-12-04 | 2013-01-09 | 2013-02-08 |
| 2012-10-05 | $0.03 | $0.3 | 0.0% | Cash | quarterly | 2012-09-12 | 2012-10-10 | 2012-11-09 |
| 2012-07-05 | $0.03 | $0.3 | 0.0% | Cash | quarterly | 2012-06-06 | 2012-07-09 | 2012-08-09 |
| 2012-04-04 | $0.03 | $0.3 | +100.0% | Cash | quarterly | 2012-02-08 | 2012-04-09 | 2012-05-09 |
| 2012-01-05 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2011-12-07 | 2012-01-09 | 2012-02-09 |
| 2011-10-05 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2011-09-22 | 2011-10-10 | 2011-11-09 |
| 2011-07-06 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2011-06-08 | 2011-07-08 | 2011-08-09 |
| 2011-04-06 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2011-02-09 | 2011-04-08 | 2011-05-09 |
| 2011-01-06 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2010-12-08 | 2011-01-10 | 2011-02-09 |
| 2010-10-07 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2010-09-22 | 2010-10-12 | 2010-11-10 |
| 2010-07-01 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2010-06-08 | 2010-07-06 | 2010-08-10 |
| 2010-04-07 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2010-02-03 | 2010-04-09 | 2010-05-10 |
| 2010-01-06 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2009-12-09 | 2010-01-08 | 2010-02-10 |
| 2009-10-07 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2009-09-22 | 2009-10-09 | 2009-11-10 |
| 2009-07-08 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2009-06-11 | 2009-07-10 | 2009-08-10 |
| 2009-04-08 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2009-02-03 | 2009-04-13 | 2009-05-08 |
| 2009-01-07 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2008-12-03 | 2009-01-09 | 2009-02-10 |
| 2008-10-08 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2008-09-10 | 2008-10-10 | 2008-11-10 |
| 2008-07-09 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2008-06-04 | 2008-07-11 | 2008-08-11 |
| 2008-04-07 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2008-02-05 | 2008-04-09 | 2008-05-09 |
| 2008-01-09 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2007-12-06 | 2008-01-11 | 2008-02-11 |
| 2007-10-17 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2007-09-06 | 2007-10-19 | 2007-11-09 |
| 2007-06-29 | $0.015 | $0.15 | 0.0% | Cash | quarterly | 2007-06-07 | 2007-07-03 | 2007-08-10 |
| 2007-04-04 | $0.015 | $0.15 | +66.7% | Cash | quarterly | 2007-02-09 | 2007-04-09 | 2007-05-10 |
| 2007-01-10 | $0.009 | $0.09 | 0.0% | Cash | quarterly | 2006-12-14 | 2007-01-12 | 2007-02-09 |
| 2006-10-05 | $0.009 | $0.09 | – | Cash | quarterly | 2006-09-14 | 2006-10-10 | 2006-11-10 |
Splits (1)
| Date | Ratio | Cumulative |
|---|---|---|
| 2014-01-22 | 10:1 | ×10 to today |