Dividend Yield (TTM)
0.49%
vs 5Y avg 1.10% · 10Y avg 1.28% · price: vendor quote
Dividend Yield (Forward)
1.06%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.77
Forward (annualized): $3.80
Payout Ratio (EPS, TTM)
21.3%
Payout Ratio (FCF, TTM)
14.3%
Dividend CAGR (3Y / 5Y / 10Y)
3Y16.7%5Y12.9%10Y11.1%
Consecutive Growth Years
4
as of 2025
Years Without a Cut
9
as of 2025
Total Shareholder Yield (TTM)
3.76%
Div 1.06% + Net buyback 2.69%
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 1.1% + Net buybacks 2.7%
Net Buyback (TTM)
$5.76B
Gross $5.81B − Issuance $57M
SBC (TTM)
$551M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is accelerating (17.0% latest vs 16.2% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 3.16 | +17.0% | 1 | |
| 2024 | 2.70 | +16.4% | 1 | |
| 2023 | 2.32 | +16.6% | 1 | |
| 2022 | 1.99 | +15.7% | 1 | |
| 2021 | 1.72 | 0.0% | 0 | |
| 2020 | 1.72 | +7.5% | 0 | |
| 2019 | 1.60 | +11.1% | 1 | |
| 2018 | 1.44 | +9.9% | 1 | |
| 2017 | 1.31 | +45.6% | 1 | |
| 2016 | 0.90 | -18.2% | 1 | |
| 2015 | 1.10 | +12.2% | 1 | |
| 2014 | 0.98 | +326.1% | 1 | |
| 2013 | 0.23 | — | 0 |
Special dividends are excluded from these figures. Based on 50 regular payments.
Payment history (50 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-04-02 | $0.95 | +15.9% | Cash | quarterly | - | 2026-04-03 | 2026-05-08 |
| 2026-01-02 | $0.82 | 0.0% | Cash | quarterly | - | 2026-01-02 | 2026-02-10 |
| 2025-10-10 | $0.82 | 0.0% | Cash | quarterly | - | 2025-10-10 | 2025-11-10 |
| 2025-07-03 | $0.82 | 0.0% | Cash | quarterly | - | 2025-07-03 | 2025-08-08 |
| 2025-04-04 | $0.82 | +17.1% | Cash | quarterly | - | 2025-04-04 | 2025-05-09 |
| 2025-01-03 | $0.7 | 0.0% | Cash | quarterly | - | 2025-01-03 | 2025-02-10 |
| 2024-10-04 | $0.7 | 0.0% | Cash | quarterly | - | 2024-10-04 | 2024-11-08 |
| 2024-07-05 | $0.7 | 0.0% | Cash | quarterly | - | 2024-07-05 | 2024-08-09 |
| 2024-04-04 | $0.7 | +16.7% | Cash | quarterly | - | 2024-04-05 | 2024-05-10 |
| 2024-01-04 | $0.6 | 0.0% | Cash | quarterly | - | 2024-01-05 | 2024-02-09 |
| 2023-10-05 | $0.6 | 0.0% | Cash | quarterly | - | 2023-10-06 | 2023-11-10 |
| 2023-07-06 | $0.6 | 0.0% | Cash | quarterly | - | 2023-07-07 | 2023-08-10 |
| 2023-04-05 | $0.6 | +15.4% | Cash | quarterly | - | 2023-04-07 | 2023-05-10 |
| 2023-01-05 | $0.52 | 0.0% | Cash | quarterly | - | 2023-01-06 | 2023-02-10 |
| 2022-10-13 | $0.52 | 0.0% | Cash | quarterly | - | 2022-10-14 | 2022-11-10 |
| 2022-06-30 | $0.52 | 0.0% | Cash | quarterly | - | 2022-07-01 | 2022-08-10 |
| 2022-04-07 | $0.52 | +20.9% | Cash | quarterly | - | 2022-04-08 | 2022-05-10 |
| 2022-01-06 | $0.43 | 0.0% | Cash | quarterly | - | 2022-01-07 | 2022-02-10 |
| 2021-10-07 | $0.43 | 0.0% | Cash | quarterly | - | 2021-10-08 | 2021-11-10 |
| 2021-07-01 | $0.43 | 0.0% | Cash | quarterly | - | 2021-07-02 | 2021-08-10 |
| 2021-03-31 | $0.43 | 0.0% | Cash | quarterly | - | 2021-04-02 | 2021-05-10 |
| 2021-01-07 | $0.43 | 0.0% | Cash | quarterly | - | 2021-01-08 | 2021-02-10 |
| 2020-10-08 | $0.43 | 0.0% | Cash | quarterly | - | 2020-10-09 | 2020-11-10 |
| 2020-07-01 | $0.43 | 0.0% | Cash | quarterly | - | 2020-07-02 | 2020-08-10 |
| 2020-04-02 | $0.43 | 0.0% | Cash | quarterly | - | 2020-04-03 | 2020-05-08 |
| 2020-01-02 | $0.43 | 0.0% | Cash | quarterly | - | 2020-01-03 | 2020-02-10 |
| 2019-10-03 | $0.43 | +10.3% | Cash | quarterly | - | 2019-10-04 | 2019-11-08 |
| 2019-07-03 | $0.39 | 0.0% | Cash | quarterly | - | 2019-07-05 | 2019-08-09 |
| 2019-04-04 | $0.39 | 0.0% | Cash | quarterly | - | 2019-04-05 | 2019-05-10 |
| 2019-01-03 | $0.39 | 0.0% | Cash | quarterly | - | 2019-01-04 | 2019-02-08 |
| 2018-10-04 | $0.39 | +11.4% | Cash | quarterly | - | 2018-10-05 | 2018-11-09 |
| 2018-07-05 | $0.35 | 0.0% | Cash | quarterly | - | 2018-07-06 | 2018-08-10 |
| 2018-04-05 | $0.35 | 0.0% | Cash | quarterly | - | 2018-04-06 | 2018-05-10 |
| 2018-01-04 | $0.35 | 0.0% | Cash | quarterly | - | 2018-01-05 | 2018-02-09 |
| 2017-10-05 | $0.35 | +9.4% | Cash | quarterly | - | 2017-10-06 | 2017-11-10 |
| 2017-07-05 | $0.32 | 0.0% | Cash | quarterly | - | 2017-07-07 | 2017-08-10 |
| 2017-04-05 | $0.32 | 0.0% | Cash | quarterly | - | 2017-04-07 | 2017-05-10 |
| 2017-01-04 | $0.32 | 0.0% | Cash | quarterly | - | 2017-01-06 | 2017-02-10 |
| 2016-10-05 | $0.32 | +10.3% | Cash | quarterly | - | 2016-10-07 | 2016-11-10 |
| 2016-06-29 | $0.29 | 0.0% | Cash | quarterly | - | 2016-07-01 | 2016-08-10 |
| 2016-04-06 | $0.29 | 0.0% | Cash | quarterly | - | 2016-04-08 | 2016-05-10 |
| 2015-10-07 | $0.29 | 0.0% | Cash | quarterly | - | 2015-10-09 | 2015-11-10 |
| 2015-06-30 | $0.29 | +11.5% | Cash | quarterly | - | 2015-07-02 | 2015-08-10 |
| 2015-03-31 | $0.26 | 0.0% | Cash | quarterly | - | 2015-04-02 | 2015-05-08 |
| 2015-01-07 | $0.26 | 0.0% | Cash | quarterly | - | 2015-01-09 | 2015-02-10 |
| 2014-10-01 | $0.26 | 0.0% | Cash | quarterly | - | 2014-10-03 | 2014-11-10 |
| 2014-07-09 | $0.26 | +13.0% | Cash | quarterly | - | 2014-07-11 | 2014-08-08 |
| 2014-04-02 | $0.23 | 0.0% | Cash | quarterly | - | 2014-04-04 | 2014-05-09 |
| 2014-01-08 | $0.23 | 0.0% | Cash | quarterly | - | 2014-01-10 | 2014-02-10 |
| 2013-10-02 | $0.23 | – | Cash | quarterly | - | 2013-10-04 | 2013-11-08 |
No splits on record.