Dividend Yield (TTM)
1.80%
vs 5Y avg 2.53% · 10Y avg 1.94%
Dividend Yield (Forward)
1.83%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.87
Forward (annualized): $1.90
Payout Ratio (EPS, TTM)
48.2%
Payout Ratio (FCF, TTM)
125.3%
Dividend CAGR (3Y / 5Y / 10Y)
3Y7.9%5Y8.0%10Y11.7%
Consecutive Growth Years
6
as of 2025
Years Without a Cut
8
as of 2025
Total Shareholder Yield (TTM)
8.64%
Div 1.73% + Net buyback 6.91%
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)
8.6%
Dividends 1.7% + Net buybacks 6.9%
Net Buyback (TTM)
$1.75B
Gross $1.75B − Issuance $0
SBC (TTM)
$144M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is steady (8.0% latest vs 7.8% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 1.76 | +8.0% | 1 | |
| 2024 | 1.63 | +7.9% | 1 | |
| 2023 | 1.51 | +7.9% | 1 | |
| 2022 | 1.40 | +7.7% | 1 | |
| 2021 | 1.30 | +8.3% | 1 | |
| 2020 | 1.20 | +900.0% | 1 | |
| 2019 | 0.12 | 0.0% | 0 | |
| 2018 | 0.12 | 0.0% | 0 | |
| 2017 | 0.12 | -48.9% | 0 | |
| 2016 | 0.235 | -59.5% | 0 | |
| 2015 | 0.58 | +7.4% | 1 | |
| 2014 | 0.54 | +20.0% | 1 | |
| 2013 | 0.45 | +150.0% | 1 | |
| 2012 | 0.18 | — | 0 |
Special dividends are excluded from these figures. Based on 57 regular payments.
Payment history (57 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-08-03 | $0.475 | 0.0% | Cash | quarterly | 2026-07-22 | 2026-08-03 | 2026-08-17 |
| 2026-05-01 | $0.475 | 0.0% | Cash | quarterly | 2026-04-21 | 2026-05-01 | 2026-05-15 |
| 2026-02-02 | $0.475 | +8.0% | Cash | quarterly | 2026-01-23 | 2026-02-02 | 2026-02-17 |
| 2025-11-03 | $0.44 | 0.0% | Cash | quarterly | 2025-10-20 | 2025-11-03 | 2025-11-17 |
| 2025-08-01 | $0.44 | 0.0% | Cash | quarterly | 2025-07-21 | 2025-08-01 | 2025-08-15 |
| 2025-05-01 | $0.44 | 0.0% | Cash | quarterly | 2025-04-08 | 2025-05-01 | 2025-05-15 |
| 2025-02-03 | $0.44 | +8.0% | Cash | quarterly | 2025-01-23 | 2025-02-03 | 2025-02-18 |
| 2024-11-01 | $0.4075 | 0.0% | Cash | quarterly | 2024-10-11 | 2024-11-01 | 2024-11-15 |
| 2024-08-01 | $0.4075 | 0.0% | Cash | quarterly | 2024-07-19 | 2024-08-01 | 2024-08-15 |
| 2024-04-30 | $0.4075 | 0.0% | Cash | quarterly | 2024-04-17 | 2024-05-01 | 2024-05-15 |
| 2024-01-31 | $0.4075 | +7.9% | Cash | quarterly | 2024-01-19 | 2024-02-01 | 2024-02-15 |
| 2023-10-31 | $0.3775 | 0.0% | Cash | quarterly | 2023-10-19 | 2023-11-01 | 2023-11-15 |
| 2023-07-31 | $0.3775 | 0.0% | Cash | quarterly | 2023-07-17 | 2023-08-01 | 2023-08-15 |
| 2023-04-28 | $0.3775 | 0.0% | Cash | quarterly | 2023-04-19 | 2023-05-01 | 2023-05-15 |
| 2023-01-31 | $0.3775 | +7.9% | Cash | quarterly | 2023-01-20 | 2023-02-01 | 2023-02-15 |
| 2022-10-31 | $0.35 | 0.0% | Cash | quarterly | 2022-10-21 | 2022-11-01 | 2022-11-15 |
| 2022-07-29 | $0.35 | 0.0% | Cash | quarterly | 2022-07-21 | 2022-08-01 | 2022-08-15 |
| 2022-04-29 | $0.35 | 0.0% | Cash | quarterly | 2022-04-20 | 2022-05-02 | 2022-05-16 |
| 2022-01-31 | $0.35 | +7.7% | Cash | quarterly | 2022-01-21 | 2022-02-01 | 2022-02-15 |
| 2021-10-29 | $0.325 | 0.0% | Cash | quarterly | 2021-10-15 | 2021-11-01 | 2021-11-15 |
| 2021-07-30 | $0.325 | 0.0% | Cash | quarterly | 2021-07-21 | 2021-08-02 | 2021-08-16 |
| 2021-04-30 | $0.325 | 0.0% | Cash | quarterly | 2021-04-20 | 2021-05-03 | 2021-05-17 |
| 2021-01-29 | $0.325 | +8.3% | Cash | quarterly | 2021-01-22 | 2021-02-01 | 2021-02-16 |
| 2020-10-30 | $0.3 | 0.0% | Cash | quarterly | 2020-10-23 | 2020-11-02 | 2020-11-16 |
| 2020-07-31 | $0.3 | 0.0% | Cash | quarterly | 2020-07-17 | 2020-08-03 | 2020-08-17 |
| 2020-04-30 | $0.3 | 0.0% | Cash | quarterly | 2020-04-15 | 2020-05-01 | 2020-05-15 |
| 2020-01-31 | $0.3 | +900.0% | Cash | quarterly | 2020-01-21 | 2020-02-03 | 2020-02-18 |
| 2019-10-31 | $0.03 | 0.0% | Cash | quarterly | 2019-10-17 | 2019-11-01 | 2019-11-15 |
| 2019-07-31 | $0.03 | 0.0% | Cash | quarterly | 2019-07-19 | 2019-08-01 | 2019-08-15 |
| 2019-04-30 | $0.03 | 0.0% | Cash | quarterly | 2019-04-08 | 2019-05-01 | 2019-05-15 |
| 2019-01-31 | $0.03 | 0.0% | Cash | quarterly | 2019-01-23 | 2019-02-01 | 2019-02-15 |
| 2018-10-31 | $0.03 | 0.0% | Cash | quarterly | 2018-10-17 | 2018-11-01 | 2018-11-15 |
| 2018-07-31 | $0.03 | 0.0% | Cash | quarterly | 2018-07-18 | 2018-08-01 | 2018-08-15 |
| 2018-04-30 | $0.03 | 0.0% | Cash | quarterly | 2018-04-19 | 2018-05-01 | 2018-05-15 |
| 2018-01-31 | $0.03 | 0.0% | Cash | quarterly | 2018-01-19 | 2018-02-01 | 2018-02-15 |
| 2017-10-31 | $0.03 | 0.0% | Cash | quarterly | 2017-10-18 | 2017-11-01 | 2017-11-15 |
| 2017-07-28 | $0.03 | 0.0% | Cash | quarterly | 2017-07-20 | 2017-08-01 | 2017-08-15 |
| 2017-04-27 | $0.03 | 0.0% | Cash | quarterly | 2017-04-11 | 2017-05-01 | 2017-05-15 |
| 2017-01-30 | $0.03 | 0.0% | Cash | quarterly | 2017-01-18 | 2017-02-01 | 2017-02-15 |
| 2016-10-28 | $0.03 | 0.0% | Cash | quarterly | 2016-10-19 | 2016-11-01 | 2016-11-15 |
| 2016-07-28 | $0.03 | 0.0% | Cash | quarterly | 2016-07-13 | 2016-08-01 | 2016-08-15 |
| 2016-04-28 | $0.03 | -79.3% | Cash | quarterly | 2016-04-18 | 2016-05-02 | 2016-05-16 |
| 2016-01-28 | $0.145 | 0.0% | Cash | quarterly | 2016-01-18 | 2016-02-01 | 2016-02-16 |
| 2015-10-29 | $0.145 | 0.0% | Cash | quarterly | 2015-10-12 | 2015-11-02 | 2015-11-16 |
| 2015-07-30 | $0.145 | 0.0% | Cash | quarterly | 2015-07-15 | 2015-08-03 | 2015-08-17 |
| 2015-04-29 | $0.145 | 0.0% | Cash | quarterly | 2015-04-20 | 2015-05-01 | 2015-05-15 |
| 2015-01-29 | $0.145 | +3.6% | Cash | quarterly | 2015-01-20 | 2015-02-02 | 2015-02-17 |
| 2014-10-30 | $0.14 | 0.0% | Cash | quarterly | 2014-10-14 | 2014-11-03 | 2014-11-17 |
| 2014-07-30 | $0.14 | 0.0% | Cash | quarterly | 2014-07-18 | 2014-08-01 | 2014-08-15 |
| 2014-04-29 | $0.14 | +16.7% | Cash | quarterly | 2014-04-21 | 2014-05-01 | 2014-05-15 |
| 2014-01-30 | $0.12 | 0.0% | Cash | quarterly | 2014-01-22 | 2014-02-03 | 2014-02-17 |
| 2013-10-30 | $0.12 | 0.0% | Cash | quarterly | 2013-10-16 | 2013-11-01 | 2013-11-15 |
| 2013-07-30 | $0.12 | 0.0% | Cash | quarterly | 2013-07-19 | 2013-08-01 | 2013-08-15 |
| 2013-04-29 | $0.12 | +33.3% | Cash | quarterly | 2013-04-19 | 2013-05-01 | 2013-05-15 |
| 2013-01-30 | $0.09 | 0.0% | Cash | quarterly | 2013-01-21 | 2013-02-01 | 2013-02-15 |
| 2012-10-31 | $0.09 | 0.0% | Cash | quarterly | 2012-10-16 | 2012-11-01 | 2012-11-15 |
| 2012-07-30 | $0.09 | – | Cash | quarterly | 2012-07-23 | 2012-08-01 | 2012-08-15 |
Splits (1)
| Date | Ratio | Cumulative |
|---|---|---|
| 2007-06-01 | 2:1 | ×2 to today |