Dividend Yield (TTM)
5.31%
Dividend Yield (Forward)
7.08%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.77
Forward (annualized): $2.36
Payout Ratio (EPS, TTM)
205.2%
Payout Ratio (FCF, TTM)
109.8%
Dividend CAGR (3Y / 5Y / 10Y)
3Y11.1%5Y11.7%10Y11.4%
Consecutive Growth Years
22
as of 2025
Years Without a Cut
22
as of 2025
Total Shareholder Yield (TTM)
6.01%
Div 5.38% + Net buyback 0.63%
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)
6.0%
Dividends 5.4% + Net buybacks 0.6%
Net Buyback (TTM)
$28M
Gross $28M − Issuance $0
SBC (TTM)
$52M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is steady (11.3% latest vs 11.7% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 2.36 | +11.3% | 1 | |
| 2024 | 2.12 | +10.4% | 1 | |
| 2023 | 1.92 | +11.6% | 1 | |
| 2022 | 1.72 | +13.2% | 1 | |
| 2021 | 1.52 | +11.8% | 1 | |
| 2020 | 1.36 | +9.7% | 1 | |
| 2019 | 1.24 | +10.7% | 1 | |
| 2018 | 1.12 | +16.7% | 1 | |
| 2017 | 0.96 | +9.1% | 1 | |
| 2016 | 0.88 | +10.0% | 1 | |
| 2015 | 0.80 | +11.1% | 1 | |
| 2014 | 0.72 | +12.5% | 1 | |
| 2013 | 0.64 | +6.7% | 1 | |
| 2012 | 0.60 | +7.1% | 1 | |
| 2011 | 0.56 | +7.7% | 1 |
Special dividends are excluded from these figures. Based on 90 regular payments.
Payment history (90 payments)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-05-22 | $0.59 | – | 0.0% | Cash | quarterly | 2026-04-30 | 2026-05-22 | 2026-06-15 |
| 2026-02-25 | $0.59 | – | 0.0% | Cash | quarterly | 2026-02-12 | 2026-02-25 | 2026-03-13 |
| 2025-11-25 | $0.59 | – | 0.0% | Cash | quarterly | 2025-10-30 | 2025-11-25 | 2025-12-15 |
| 2025-08-25 | $0.59 | – | 0.0% | Cash | quarterly | 2025-08-04 | 2025-08-25 | 2025-09-15 |
| 2025-05-23 | $0.59 | – | 0.0% | Cash | quarterly | 2025-05-01 | 2025-05-23 | 2025-06-13 |
| 2025-02-25 | $0.59 | – | +11.3% | Cash | quarterly | 2025-02-12 | 2025-02-25 | 2025-03-14 |
| 2024-11-25 | $0.53 | – | 0.0% | Cash | quarterly | 2024-10-29 | 2024-11-25 | 2024-12-13 |
| 2024-08-23 | $0.53 | – | 0.0% | Cash | quarterly | 2024-07-30 | 2024-08-23 | 2024-09-13 |
| 2024-05-23 | $0.53 | – | 0.0% | Cash | quarterly | 2024-05-02 | 2024-05-24 | 2024-06-14 |
| 2024-02-22 | $0.53 | – | +10.4% | Cash | quarterly | 2024-02-13 | 2024-02-23 | 2024-03-15 |
| 2023-11-22 | $0.48 | – | 0.0% | Cash | quarterly | 2023-10-30 | 2023-11-24 | 2023-12-15 |
| 2023-08-24 | $0.48 | – | 0.0% | Cash | quarterly | 2023-07-31 | 2023-08-25 | 2023-09-15 |
| 2023-05-24 | $0.48 | – | 0.0% | Cash | quarterly | 2023-05-02 | 2023-05-25 | 2023-06-15 |
| 2023-02-23 | $0.48 | – | +11.6% | Cash | quarterly | 2023-02-09 | 2023-02-24 | 2023-03-15 |
| 2022-11-23 | $0.43 | – | 0.0% | Cash | quarterly | 2022-10-27 | 2022-11-25 | 2022-12-15 |
| 2022-08-24 | $0.43 | – | 0.0% | Cash | quarterly | 2022-08-02 | 2022-08-25 | 2022-09-15 |
| 2022-05-24 | $0.43 | – | 0.0% | Cash | quarterly | 2022-05-03 | 2022-05-25 | 2022-06-15 |
| 2022-02-24 | $0.43 | – | +13.2% | Cash | quarterly | 2022-02-10 | 2022-02-25 | 2022-03-15 |
| 2021-11-23 | $0.38 | – | 0.0% | Cash | quarterly | 2021-10-28 | 2021-11-24 | 2021-12-15 |
| 2021-08-24 | $0.38 | – | 0.0% | Cash | quarterly | 2021-08-03 | 2021-08-25 | 2021-09-15 |
| 2021-05-24 | $0.38 | – | 0.0% | Cash | quarterly | 2021-04-29 | 2021-05-25 | 2021-06-15 |
| 2021-02-24 | $0.38 | – | +11.8% | Cash | quarterly | 2021-02-13 | 2021-02-25 | 2021-03-15 |
| 2020-11-24 | $0.34 | – | 0.0% | Cash | quarterly | 2020-10-29 | 2020-11-25 | 2020-12-15 |
| 2020-08-24 | $0.34 | – | 0.0% | Cash | quarterly | 2020-07-30 | 2020-08-25 | 2020-09-15 |
| 2020-05-22 | $0.34 | – | 0.0% | Cash | quarterly | 2020-04-30 | 2020-05-26 | 2020-06-15 |
| 2020-02-24 | $0.34 | – | +9.7% | Cash | quarterly | 2020-02-12 | 2020-02-25 | 2020-03-16 |
| 2019-11-22 | $0.31 | – | 0.0% | Cash | quarterly | 2019-11-06 | 2019-11-25 | 2019-12-13 |
| 2019-08-22 | $0.31 | – | 0.0% | Cash | quarterly | 2019-08-01 | 2019-08-23 | 2019-09-16 |
| 2019-05-23 | $0.31 | – | 0.0% | Cash | quarterly | 2019-05-02 | 2019-05-24 | 2019-06-14 |
| 2019-02-22 | $0.31 | – | +10.7% | Cash | quarterly | 2019-02-12 | 2019-02-25 | 2019-03-15 |
| 2018-11-21 | $0.28 | – | 0.0% | Cash | quarterly | 2018-10-30 | 2018-11-23 | 2018-12-14 |
| 2018-08-23 | $0.28 | – | 0.0% | Cash | quarterly | 2018-08-01 | 2018-08-24 | 2018-09-14 |
| 2018-05-24 | $0.28 | – | 0.0% | Cash | quarterly | 2018-05-01 | 2018-05-25 | 2018-06-15 |
| 2018-02-22 | $0.28 | – | +16.7% | Cash | quarterly | 2018-02-13 | 2018-02-23 | 2018-03-15 |
| 2017-11-22 | $0.24 | – | 0.0% | Cash | quarterly | 2017-11-01 | 2017-11-24 | 2017-12-15 |
| 2017-08-23 | $0.24 | – | 0.0% | Cash | quarterly | 2017-08-01 | 2017-08-25 | 2017-09-15 |
| 2017-05-23 | $0.24 | – | 0.0% | Cash | quarterly | 2017-05-05 | 2017-05-25 | 2017-06-15 |
| 2017-02-22 | $0.24 | – | +9.1% | Cash | quarterly | 2017-02-08 | 2017-02-24 | 2017-03-15 |
| 2016-11-22 | $0.22 | – | 0.0% | Cash | quarterly | 2016-11-01 | 2016-11-25 | 2016-12-15 |
| 2016-08-23 | $0.22 | – | 0.0% | Cash | quarterly | 2016-08-02 | 2016-08-25 | 2016-09-15 |
| 2016-05-23 | $0.22 | – | 0.0% | Cash | quarterly | 2016-05-04 | 2016-05-25 | 2016-06-15 |
| 2016-02-23 | $0.22 | – | +10.0% | Cash | quarterly | 2016-02-11 | 2016-02-25 | 2016-03-15 |
| 2015-11-23 | $0.2 | – | 0.0% | Cash | quarterly | 2015-10-29 | 2015-11-25 | 2015-12-15 |
| 2015-08-21 | $0.2 | – | 0.0% | Cash | quarterly | 2015-07-30 | 2015-08-25 | 2015-09-15 |
| 2015-05-20 | $0.2 | – | 0.0% | Cash | quarterly | 2015-04-30 | 2015-05-22 | 2015-06-15 |
| 2015-02-23 | $0.2 | – | +11.1% | Cash | quarterly | 2015-02-11 | 2015-02-25 | 2015-03-13 |
| 2014-11-21 | $0.18 | – | 0.0% | Cash | quarterly | 2014-10-29 | 2014-11-25 | 2014-12-15 |
| 2014-08-21 | $0.18 | – | 0.0% | Cash | quarterly | 2014-07-29 | 2014-08-25 | 2014-09-15 |
| 2014-05-21 | $0.18 | – | 0.0% | Cash | quarterly | 2014-05-06 | 2014-05-23 | 2014-06-16 |
| 2014-02-21 | $0.18 | – | +12.5% | Cash | quarterly | 2014-02-11 | 2014-02-25 | 2014-03-14 |
| 2013-11-21 | $0.16 | – | 0.0% | Cash | quarterly | 2013-10-31 | 2013-11-25 | 2013-12-16 |
| 2013-08-22 | $0.16 | – | 0.0% | Cash | quarterly | 2013-07-30 | 2013-08-26 | 2013-09-16 |
| 2013-05-22 | $0.16 | – | 0.0% | Cash | quarterly | 2013-05-02 | 2013-05-24 | 2013-06-14 |
| 2013-02-21 | $0.16 | – | +6.7% | Cash | quarterly | 2013-02-12 | 2013-02-25 | 2013-03-15 |
| 2012-11-21 | $0.15 | – | 0.0% | Cash | quarterly | 2012-11-08 | 2012-11-26 | 2012-12-14 |
| 2012-08-22 | $0.15 | – | 0.0% | Cash | quarterly | 2012-08-02 | 2012-08-24 | 2012-09-14 |
| 2012-05-23 | $0.15 | – | 0.0% | Cash | quarterly | 2012-05-03 | 2012-05-25 | 2012-06-15 |
| 2012-02-22 | $0.15 | – | +7.1% | Cash | quarterly | 2012-02-09 | 2012-02-24 | 2012-03-15 |
| 2011-11-21 | $0.14 | – | 0.0% | Cash | quarterly | 2011-11-03 | 2011-11-23 | 2011-12-15 |
| 2011-08-23 | $0.14 | – | 0.0% | Cash | quarterly | 2011-07-28 | 2011-08-25 | 2011-09-15 |
| 2011-05-23 | $0.14 | – | 0.0% | Cash | quarterly | 2011-05-05 | 2011-05-25 | 2011-06-15 |
| 2011-02-23 | $0.14 | – | +7.7% | Cash | quarterly | 2011-02-10 | 2011-02-25 | 2011-03-15 |
| 2010-11-22 | $0.13 | – | 0.0% | Cash | quarterly | 2010-11-04 | 2010-11-25 | 2010-12-15 |
| 2010-08-23 | $0.13 | – | 0.0% | Cash | quarterly | 2010-07-29 | 2010-08-25 | 2010-09-15 |
| 2010-05-21 | $0.13 | – | 0.0% | Cash | quarterly | 2010-05-07 | 2010-05-25 | 2010-06-15 |
| 2010-02-23 | $0.13 | – | +8.3% | Cash | quarterly | 2010-02-11 | 2010-02-25 | 2010-03-15 |
| 2009-11-23 | $0.12 | – | 0.0% | Cash | quarterly | 2009-10-28 | 2009-11-25 | 2009-12-15 |
| 2009-08-21 | $0.12 | – | 0.0% | Cash | quarterly | 2009-07-29 | 2009-08-25 | 2009-09-15 |
| 2009-05-21 | $0.12 | – | 0.0% | Cash | quarterly | 2009-05-06 | 2009-05-26 | 2009-06-15 |
| 2009-02-23 | $0.12 | – | +9.1% | Cash | quarterly | 2009-02-13 | 2009-02-25 | 2009-03-16 |
| 2008-11-21 | $0.11 | – | 0.0% | Cash | quarterly | 2008-10-30 | 2008-11-25 | 2008-12-15 |
| 2008-08-21 | $0.11 | – | 0.0% | Cash | quarterly | 2008-07-30 | 2008-08-25 | 2008-09-15 |
| 2008-05-21 | $0.11 | – | 0.0% | Cash | quarterly | 2008-05-06 | 2008-05-23 | 2008-06-13 |
| 2008-02-21 | $0.11 | – | +10.0% | Cash | quarterly | 2008-02-13 | 2008-02-25 | 2008-03-14 |
| 2007-11-21 | $0.1 | – | 0.0% | Cash | quarterly | 2007-10-31 | 2007-11-26 | 2007-12-14 |
| 2007-08-22 | $0.1 | – | 0.0% | Cash | quarterly | 2007-07-31 | 2007-08-24 | 2007-09-14 |
| 2007-05-23 | $0.1 | – | 0.0% | Cash | quarterly | 2007-05-03 | 2007-05-25 | 2007-06-15 |
| 2007-02-22 | $0.1 | – | +25.0% | Cash | quarterly | 2007-02-13 | 2007-02-26 | 2007-03-15 |
| 2006-11-20 | $0.08 | – | 0.0% | Cash | quarterly | 2006-11-01 | 2006-11-22 | 2006-12-15 |
| 2006-08-23 | $0.08 | – | 0.0% | Cash | quarterly | 2006-08-01 | 2006-08-25 | 2006-09-15 |
| 2006-05-23 | $0.08 | – | 0.0% | Cash | quarterly | 2006-05-02 | 2006-05-25 | 2006-06-15 |
| 2006-02-23 | $0.08 | – | +14.3% | Cash | quarterly | 2006-02-15 | 2006-02-27 | 2006-03-15 |
| 2005-11-22 | $0.07 | – | 0.0% | Cash | quarterly | 2005-11-01 | 2005-11-25 | 2005-12-15 |
| 2005-08-23 | $0.07 | – | 0.0% | Cash | quarterly | 2005-08-03 | 2005-08-25 | 2005-09-15 |
| 2005-05-23 | $0.07 | – | 0.0% | Cash | quarterly | 2005-05-04 | 2005-05-25 | 2005-06-15 |
| 2005-02-23 | $0.07 | – | +16.7% | Cash | quarterly | 2005-01-14 | 2005-02-25 | 2005-03-15 |
| 2004-11-22 | $0.06 | – | 0.0% | Cash | quarterly | 2004-11-01 | 2004-11-24 | 2004-12-15 |
| 2004-08-23 | $0.06 | – | 0.0% | Cash | quarterly | 2004-07-28 | 2004-08-25 | 2004-09-15 |
| 2004-05-21 | $0.06 | – | +1,339.9% | Cash | quarterly | 2004-04-22 | 2004-05-25 | 2004-06-15 |
| 1987-04-27 | $0.0042 | $0.15 | – | Cash | semi-annually | 1987-04-07 | 1987-05-01 | 1987-05-15 |
Splits (8)
| Date | Ratio | Cumulative |
|---|---|---|
| 1983-08-16 | 2:1 | ×144 to today |
| 1984-05-22 | 2:1 | ×72 to today |
| 1987-07-06 | 2:1 | ×36 to today |
| 1988-03-18 | 3:2 | ×18 to today |
| 1994-08-29 | 2:1 | ×12 to today |
| 1996-06-10 | 2:1 | ×6 to today |
| 1997-09-29 | 3:2 | ×3 to today |
| 2000-06-13 | 2:1 | ×2 to today |