Dividend Yield (TTM)
0.81%
vs 5Y avg 1.21% · 10Y avg 1.54%
Dividend Yield (Forward)
1.08%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.88
Forward (annualized): $2.50
Payout Ratio (EPS, TTM)
35.4%
Payout Ratio (FCF, TTM)
29.2%
Dividend CAGR (3Y / 5Y / 10Y)
3Y7.4%5Y7.3%10Y7.4%
Consecutive Growth Years
1
as of 2025
Years Without a Cut
1
as of 2025
Total Shareholder Yield (TTM)
3.39%
Div 1.16% + Net buyback 2.23%
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)
3.4%
Dividends 1.2% + Net buybacks 2.2%
Net Buyback (TTM)
$1.47B
Gross $1.47B − Issuance $0
SBC (TTM)
$0
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (43.3% latest vs -1.4% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 2.36 | +43.3% | 1 | |
| 2024 | 1.65 | -19.9% | 1 | |
| 2023 | 2.06 | +7.9% | 1 | |
| 2022 | 1.91 | +7.9% | 1 | |
| 2021 | 1.77 | +6.6% | 1 | |
| 2020 | 1.66 | +6.4% | 1 | |
| 2019 | 1.56 | +8.3% | 1 | |
| 2018 | 1.44 | +8.3% | 1 | |
| 2017 | 1.33 | +7.3% | 1 | |
| 2016 | 1.24 | +6.9% | 1 | |
| 2015 | 1.16 | +7.4% | 1 | |
| 2014 | 1.08 | +9.1% | 1 | |
| 2013 | 0.99 | +8.8% | 1 | |
| 2012 | 0.91 | +8.3% | 1 | |
| 2011 | 0.84 | +7.7% | 1 |
Special dividends are excluded from these figures. Based on 92 regular payments.
Payment history (92 payments)
| As declared | Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|---|
| 2026-07-02 | $0.625 | – | 0.0% | Cash | quarterly | 2026-05-07 | 2026-07-02 | 2026-07-15 |
| 2026-04-02 | $0.625 | – | 0.0% | Cash | quarterly | 2026-02-10 | 2026-04-02 | 2026-04-15 |
| 2026-01-02 | $0.625 | – | 0.0% | Cash | quarterly | 2025-10-23 | 2026-01-02 | 2026-01-15 |
| 2025-10-02 | $0.625 | – | +7.8% | Cash | quarterly | 2025-07-23 | 2025-10-02 | 2025-10-15 |
| 2025-07-02 | $0.58 | – | 0.0% | Cash | quarterly | 2025-04-24 | 2025-07-02 | 2025-07-15 |
| 2025-04-02 | $0.58 | – | 0.0% | Cash | quarterly | 2025-02-07 | 2025-04-02 | 2025-04-15 |
| 2025-01-02 | $0.58 | – | 0.0% | Cash | quarterly | 2024-10-24 | 2025-01-02 | 2025-01-15 |
| 2024-10-02 | $0.58 | – | +8.4% | Cash | quarterly | 2024-07-24 | 2024-10-02 | 2024-10-15 |
| 2024-07-02 | $0.535 | – | 0.0% | Cash | quarterly | 2024-05-30 | 2024-07-02 | 2024-07-15 |
| 2024-04-01 | $0.535 | – | 0.0% | Cash | quarterly | 2024-02-27 | 2024-04-02 | 2024-04-15 |
| 2023-12-29 | $0.535 | – | 0.0% | Cash | quarterly | 2023-10-26 | 2024-01-02 | 2024-01-16 |
| 2023-09-29 | $0.535 | – | +8.1% | Cash | quarterly | 2023-07-27 | 2023-10-02 | 2023-10-13 |
| 2023-06-30 | $0.495 | – | 0.0% | Cash | quarterly | 2023-04-27 | 2023-07-03 | 2023-07-14 |
| 2023-03-31 | $0.495 | – | 0.0% | Cash | quarterly | 2023-02-08 | 2023-04-03 | 2023-04-14 |
| 2022-12-30 | $0.495 | – | 0.0% | Cash | quarterly | 2022-10-27 | 2023-01-03 | 2023-01-13 |
| 2022-09-30 | $0.495 | – | +7.6% | Cash | quarterly | 2022-08-04 | 2022-10-03 | 2022-10-14 |
| 2022-06-30 | $0.46 | – | 0.0% | Cash | quarterly | 2022-05-05 | 2022-07-01 | 2022-07-15 |
| 2022-03-31 | $0.46 | – | 0.0% | Cash | quarterly | 2022-02-10 | 2022-04-01 | 2022-04-14 |
| 2021-12-31 | $0.46 | – | 0.0% | Cash | quarterly | 2021-10-28 | 2022-01-03 | 2022-01-14 |
| 2021-09-30 | $0.46 | – | +8.2% | Cash | quarterly | 2021-07-29 | 2021-10-01 | 2021-10-15 |
| 2021-06-30 | $0.425 | – | 0.0% | Cash | quarterly | 2021-05-05 | 2021-07-01 | 2021-07-15 |
| 2021-03-31 | $0.425 | – | 0.0% | Cash | quarterly | 2021-02-18 | 2021-04-01 | 2021-04-15 |
| 2020-12-31 | $0.425 | – | 0.0% | Cash | quarterly | 2020-11-05 | 2021-01-04 | 2021-01-15 |
| 2020-09-30 | $0.425 | – | +4.9% | Cash | quarterly | 2020-07-29 | 2020-10-01 | 2020-10-15 |
| 2020-06-30 | $0.405 | – | 0.0% | Cash | quarterly | 2020-05-05 | 2020-07-01 | 2020-07-15 |
| 2020-03-31 | $0.405 | – | 0.0% | Cash | quarterly | 2020-02-13 | 2020-04-01 | 2020-04-15 |
| 2019-12-31 | $0.405 | – | 0.0% | Cash | quarterly | 2019-10-30 | 2020-01-02 | 2020-01-15 |
| 2019-09-30 | $0.405 | – | +8.0% | Cash | quarterly | 2019-07-25 | 2019-10-01 | 2019-10-15 |
| 2019-06-28 | $0.375 | – | 0.0% | Cash | quarterly | 2019-04-25 | 2019-07-01 | 2019-07-15 |
| 2019-03-29 | $0.375 | – | 0.0% | Cash | quarterly | 2019-02-07 | 2019-04-01 | 2019-04-15 |
| 2018-12-31 | $0.375 | – | 0.0% | Cash | quarterly | 2018-10-26 | 2019-01-02 | 2019-01-15 |
| 2018-09-28 | $0.375 | – | +8.7% | Cash | quarterly | 2018-07-27 | 2018-10-01 | 2018-10-15 |
| 2018-06-29 | $0.345 | – | 0.0% | Cash | quarterly | 2018-05-02 | 2018-07-02 | 2018-07-16 |
| 2018-03-29 | $0.345 | – | 0.0% | Cash | quarterly | 2018-02-09 | 2018-04-02 | 2018-04-16 |
| 2017-12-29 | $0.345 | – | 0.0% | Cash | quarterly | 2017-11-02 | 2018-01-02 | 2018-01-16 |
| 2017-09-29 | $0.345 | – | +7.8% | Cash | quarterly | 2017-07-27 | 2017-10-02 | 2017-10-16 |
| 2017-06-29 | $0.32 | – | 0.0% | Cash | quarterly | 2017-04-28 | 2017-07-03 | 2017-07-14 |
| 2017-03-30 | $0.32 | – | 0.0% | Cash | quarterly | 2017-02-21 | 2017-04-03 | 2017-04-17 |
| 2016-12-29 | $0.32 | – | 0.0% | Cash | quarterly | 2016-10-27 | 2017-01-03 | 2017-01-16 |
| 2016-09-29 | $0.32 | – | +6.7% | Cash | quarterly | 2016-07-28 | 2016-10-03 | 2016-10-14 |
| 2016-06-29 | $0.3 | – | 0.0% | Cash | quarterly | 2016-04-28 | 2016-07-01 | 2016-07-15 |
| 2016-03-30 | $0.3 | – | 0.0% | Cash | quarterly | 2016-02-11 | 2016-04-01 | 2016-04-15 |
| 2015-12-30 | $0.3 | – | 0.0% | Cash | quarterly | 2015-10-29 | 2016-01-04 | 2016-01-15 |
| 2015-09-29 | $0.3 | – | +7.1% | Cash | quarterly | 2015-07-23 | 2015-10-01 | 2015-10-15 |
| 2015-06-29 | $0.28 | – | 0.0% | Cash | quarterly | 2015-04-23 | 2015-07-01 | 2015-07-15 |
| 2015-03-30 | $0.28 | – | 0.0% | Cash | quarterly | 2015-02-12 | 2015-04-01 | 2015-04-15 |
| 2014-12-30 | $0.28 | – | 0.0% | Cash | quarterly | 2014-10-29 | 2015-01-02 | 2015-01-15 |
| 2014-09-29 | $0.28 | – | +7.7% | Cash | quarterly | 2014-07-24 | 2014-10-01 | 2014-10-15 |
| 2014-06-27 | $0.26 | – | 0.0% | Cash | quarterly | 2014-04-24 | 2014-07-01 | 2014-07-15 |
| 2014-03-28 | $0.26 | – | 0.0% | Cash | quarterly | 2014-02-06 | 2014-04-01 | 2014-04-15 |
| 2013-12-30 | $0.26 | – | 0.0% | Cash | quarterly | 2013-10-30 | 2014-01-02 | 2014-01-15 |
| 2013-09-27 | $0.26 | – | +10.6% | Cash | quarterly | 2013-07-25 | 2013-10-01 | 2013-10-15 |
| 2013-06-27 | $0.235 | – | 0.0% | Cash | quarterly | 2013-04-25 | 2013-07-01 | 2013-07-15 |
| 2013-03-27 | $0.235 | – | 0.0% | Cash | quarterly | 2013-02-07 | 2013-04-01 | 2013-04-15 |
| 2012-12-28 | $0.235 | – | 0.0% | Cash | quarterly | 2012-11-01 | 2013-01-02 | 2013-01-16 |
| 2012-09-27 | $0.235 | – | +6.8% | Cash | quarterly | 2012-07-27 | 2012-10-01 | 2012-10-15 |
| 2012-06-28 | $0.22 | – | 0.0% | Cash | quarterly | 2012-04-27 | 2012-07-02 | 2012-07-16 |
| 2012-03-29 | $0.22 | – | 0.0% | Cash | quarterly | 2012-02-10 | 2012-04-02 | 2012-04-16 |
| 2011-12-29 | $0.22 | – | 0.0% | Cash | quarterly | 2011-10-28 | 2012-01-03 | 2012-01-17 |
| 2011-09-29 | $0.22 | – | +10.0% | Cash | quarterly | 2011-07-29 | 2011-10-03 | 2011-10-17 |
| 2011-06-29 | $0.2 | – | 0.0% | Cash | quarterly | 2011-04-29 | 2011-07-01 | 2011-07-15 |
| 2011-03-30 | $0.2 | – | 0.0% | Cash | quarterly | 2011-02-11 | 2011-04-01 | 2011-04-15 |
| 2010-12-30 | $0.2 | – | 0.0% | Cash | quarterly | 2010-11-05 | 2011-01-03 | 2011-01-18 |
| 2010-09-29 | $0.2 | – | +5.3% | Cash | quarterly | 2010-07-30 | 2010-10-01 | 2010-10-15 |
| 2010-06-29 | $0.19 | – | 0.0% | Cash | quarterly | 2010-04-30 | 2010-07-01 | 2010-07-15 |
| 2010-03-30 | $0.19 | – | 0.0% | Cash | quarterly | 2010-02-12 | 2010-04-01 | 2010-04-15 |
| 2009-12-30 | $0.19 | – | 0.0% | Cash | quarterly | 2009-11-03 | 2010-01-04 | 2010-01-15 |
| 2009-09-29 | $0.19 | – | 0.0% | Cash | quarterly | 2009-07-31 | 2009-10-01 | 2009-10-15 |
| 2009-06-29 | $0.19 | – | 0.0% | Cash | quarterly | 2009-05-01 | 2009-07-01 | 2009-07-15 |
| 2009-03-30 | $0.19 | – | 0.0% | Cash | quarterly | 2009-03-02 | 2009-04-01 | 2009-04-15 |
| 2008-12-30 | $0.19 | – | 0.0% | Cash | quarterly | 2008-10-31 | 2009-01-02 | 2009-01-16 |
| 2008-09-29 | $0.19 | – | +11.8% | Cash | quarterly | 2008-07-30 | 2008-10-01 | 2008-10-15 |
| 2008-06-27 | $0.17 | – | 0.0% | Cash | quarterly | 2008-04-23 | 2008-07-01 | 2008-07-15 |
| 2008-03-28 | $0.17 | – | 0.0% | Cash | quarterly | 2008-02-05 | 2008-04-01 | 2008-04-15 |
| 2007-12-28 | $0.17 | – | 0.0% | Cash | quarterly | 2007-11-05 | 2008-01-02 | 2008-01-16 |
| 2007-09-27 | $0.17 | – | +59.3% | Cash | quarterly | 2007-07-26 | 2007-10-01 | 2007-10-15 |
| 2007-06-28 | $0.1067 | – | 0.0% | Cash | quarterly | 2007-04-25 | 2007-07-02 | 2007-07-16 |
| 2007-03-29 | $0.1067 | – | 0.0% | Cash | quarterly | 2007-02-01 | 2007-04-02 | 2007-04-16 |
| 2006-12-28 | $0.1067 | $0.16 | 0.0% | Cash | quarterly | 2006-10-30 | 2007-01-02 | 2007-01-15 |
| 2006-09-28 | $0.1067 | $0.16 | +14.3% | Cash | quarterly | 2006-07-26 | 2006-10-02 | 2006-10-16 |
| 2006-06-29 | $0.0933 | $0.14 | 0.0% | Cash | quarterly | 2006-04-27 | 2006-07-03 | 2006-07-17 |
| 2006-03-30 | $0.0933 | $0.14 | 0.0% | Cash | quarterly | 2006-01-25 | 2006-04-03 | 2006-04-17 |
| 2005-12-28 | $0.0933 | $0.14 | 0.0% | Cash | quarterly | 2005-12-20 | 2006-01-02 | 2006-01-16 |
| 2005-09-29 | $0.0933 | $0.14 | +16.7% | Cash | quarterly | 2005-07-28 | 2005-10-03 | 2005-10-17 |
| 2005-06-29 | $0.08 | $0.12 | 0.0% | Cash | quarterly | 2005-06-09 | 2005-07-01 | 2005-07-15 |
| 2005-03-30 | $0.08 | $0.12 | 0.0% | Cash | quarterly | 2005-03-08 | 2005-04-01 | 2005-04-15 |
| 2004-12-30 | $0.08 | $0.12 | 0.0% | Cash | quarterly | 2004-11-04 | 2005-01-03 | 2005-01-17 |
| 2004-09-29 | $0.08 | $0.12 | +100.0% | Cash | quarterly | 2004-07-28 | 2004-10-01 | 2004-10-15 |
| 2004-06-29 | $0.04 | $0.06 | 0.0% | Cash | quarterly | 2004-05-06 | 2004-07-01 | 2004-07-15 |
| 2004-03-30 | $0.04 | $0.06 | 0.0% | Cash | quarterly | 2004-02-19 | 2004-04-01 | 2004-04-15 |
| 2003-12-30 | $0.04 | $0.06 | 0.0% | Cash | quarterly | 2003-11-04 | 2004-01-02 | 2004-01-16 |
| 2003-09-26 | $0.04 | $0.06 | – | Cash | quarterly | 2003-07-30 | 2003-09-30 | 2003-10-15 |
Splits (1)
| Date | Ratio | Cumulative |
|---|---|---|
| 2007-03-19 | 3:2 | ×1.5 to today |