Dividend Yield (TTM)
1.49%
vs 5Y avg 2.93% · 10Y avg 2.96% · price: vendor quote
Dividend Yield (Forward)
3.03%
4 payments/yr (spacing)
Dividends / Share (TTM)
$1.04
Forward (annualized): $2.12
Payout Ratio (EPS, TTM)
67.1%
Payout Ratio (FCF, TTM)
165.9%
Dividend CAGR (3Y / 5Y / 10Y)
3Y5.0%5Y4.5%10Y7.5%
Consecutive Growth Years
9
as of 2025
Years Without a Cut
9
as of 2025
Total Shareholder Yield (TTM)
2.78%
Div 2.65% + Net buyback 0.13%
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)
2.8%
Dividends 2.6% + Net buybacks 0.1%
Net Buyback (TTM)
$433M
Gross $746M − Issuance $313M
SBC (TTM)
$279M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is steady (5.2% latest vs 4.9% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 2.04 | +5.2% | 1 | |
| 2024 | 1.94 | +5.4% | 1 | |
| 2023 | 1.84 | +4.5% | 1 | |
| 2022 | 1.76 | +4.8% | 1 | |
| 2021 | 1.68 | +2.4% | 1 | |
| 2020 | 1.64 | +2.5% | 1 | |
| 2019 | 1.60 | +2.6% | 1 | |
| 2018 | 1.56 | +5.4% | 1 | |
| 2017 | 1.48 | +111.4% | 1 | |
| 2016 | 0.70 | -29.3% | 1 | |
| 2015 | 0.99 | -18.9% | 1 | |
| 2014 | 1.22 | +8.9% | 1 | |
| 2013 | 1.12 | -12.2% | 1 | |
| 2012 | 1.28 | — | 0 |
Special dividends are excluded from these figures. Based on 54 regular payments.
Payment history (54 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-03-13 | $0.53 | +3.9% | Cash | quarterly | - | 2026-03-13 | 2026-04-01 |
| 2025-12-01 | $0.51 | 0.0% | Cash | quarterly | - | 2025-12-01 | 2025-12-15 |
| 2025-09-15 | $0.51 | 0.0% | Cash | quarterly | - | 2025-09-15 | 2025-10-01 |
| 2025-06-13 | $0.51 | 0.0% | Cash | quarterly | - | 2025-06-13 | 2025-07-01 |
| 2025-03-14 | $0.51 | +5.2% | Cash | quarterly | - | 2025-03-14 | 2025-04-01 |
| 2024-11-29 | $0.485 | 0.0% | Cash | quarterly | - | 2024-11-29 | 2024-12-16 |
| 2024-09-13 | $0.485 | 0.0% | Cash | quarterly | - | 2024-09-13 | 2024-10-01 |
| 2024-06-14 | $0.485 | 0.0% | Cash | quarterly | - | 2024-06-14 | 2024-07-01 |
| 2024-03-14 | $0.485 | +5.4% | Cash | quarterly | - | 2024-03-15 | 2024-04-01 |
| 2023-11-30 | $0.46 | 0.0% | Cash | quarterly | - | 2023-12-01 | 2023-12-15 |
| 2023-09-14 | $0.46 | 0.0% | Cash | quarterly | - | 2023-09-15 | 2023-10-02 |
| 2023-06-15 | $0.46 | 0.0% | Cash | quarterly | - | 2023-06-16 | 2023-07-03 |
| 2023-03-16 | $0.46 | +4.5% | Cash | quarterly | - | 2023-03-17 | 2023-04-03 |
| 2022-11-30 | $0.44 | 0.0% | Cash | quarterly | - | 2022-12-01 | 2022-12-15 |
| 2022-09-15 | $0.44 | 0.0% | Cash | quarterly | - | 2022-09-16 | 2022-10-03 |
| 2022-06-14 | $0.44 | 0.0% | Cash | quarterly | - | 2022-06-15 | 2022-07-01 |
| 2022-03-14 | $0.44 | +4.8% | Cash | quarterly | - | 2022-03-15 | 2022-04-01 |
| 2021-11-30 | $0.42 | 0.0% | Cash | quarterly | - | 2021-12-01 | 2021-12-15 |
| 2021-09-14 | $0.42 | 0.0% | Cash | quarterly | - | 2021-09-15 | 2021-10-01 |
| 2021-06-14 | $0.42 | 0.0% | Cash | quarterly | - | 2021-06-15 | 2021-07-01 |
| 2021-03-12 | $0.42 | +2.4% | Cash | quarterly | - | 2021-03-15 | 2021-04-01 |
| 2020-11-30 | $0.41 | 0.0% | Cash | quarterly | - | 2020-12-01 | 2020-12-15 |
| 2020-09-14 | $0.41 | 0.0% | Cash | quarterly | - | 2020-09-15 | 2020-10-01 |
| 2020-06-12 | $0.41 | 0.0% | Cash | quarterly | - | 2020-06-15 | 2020-07-01 |
| 2020-03-13 | $0.41 | +2.5% | Cash | quarterly | - | 2020-03-16 | 2020-04-01 |
| 2019-11-29 | $0.4 | 0.0% | Cash | quarterly | - | 2019-12-02 | 2019-12-16 |
| 2019-09-13 | $0.4 | 0.0% | Cash | quarterly | - | 2019-09-16 | 2019-10-01 |
| 2019-06-13 | $0.4 | 0.0% | Cash | quarterly | - | 2019-06-14 | 2019-07-01 |
| 2019-03-14 | $0.4 | +2.6% | Cash | quarterly | - | 2019-03-15 | 2019-04-01 |
| 2018-11-29 | $0.39 | 0.0% | Cash | quarterly | - | 2018-11-30 | 2018-12-14 |
| 2018-09-13 | $0.39 | 0.0% | Cash | quarterly | - | 2018-09-14 | 2018-10-01 |
| 2018-06-14 | $0.39 | 0.0% | Cash | quarterly | - | 2018-06-15 | 2018-07-02 |
| 2018-03-14 | $0.39 | +5.4% | Cash | quarterly | - | 2018-03-15 | 2018-04-02 |
| 2017-11-30 | $0.37 | 0.0% | Cash | quarterly | - | 2017-12-01 | 2017-12-15 |
| 2017-09-14 | $0.37 | 0.0% | Cash | quarterly | - | 2017-09-15 | 2017-10-02 |
| 2017-06-13 | $0.37 | 0.0% | Cash | quarterly | - | 2017-06-15 | 2017-07-03 |
| 2017-03-13 | $0.37 | +5.7% | Cash | quarterly | - | 2017-03-15 | 2017-04-03 |
| 2016-11-29 | $0.35 | 0.0% | Cash | quarterly | - | 2016-12-01 | 2016-12-15 |
| 2016-03-11 | $0.35 | +6.1% | Cash | quarterly | - | 2016-03-15 | 2016-04-01 |
| 2015-09-11 | $0.33 | 0.0% | Cash | quarterly | - | 2015-09-15 | 2015-10-01 |
| 2015-06-11 | $0.33 | 0.0% | Cash | quarterly | - | 2015-06-15 | 2015-07-01 |
| 2015-03-12 | $0.33 | +8.2% | Cash | quarterly | - | 2015-03-16 | 2015-04-01 |
| 2014-11-26 | $0.305 | 0.0% | Cash | quarterly | - | 2014-12-01 | 2014-12-15 |
| 2014-09-11 | $0.305 | 0.0% | Cash | quarterly | - | 2014-09-15 | 2014-10-01 |
| 2014-06-12 | $0.305 | 0.0% | Cash | quarterly | - | 2014-06-16 | 2014-07-01 |
| 2014-03-12 | $0.305 | +8.9% | Cash | quarterly | - | 2014-03-14 | 2014-04-01 |
| 2013-11-27 | $0.28 | 0.0% | Cash | quarterly | - | 2013-12-02 | 2013-12-16 |
| 2013-09-12 | $0.28 | 0.0% | Cash | quarterly | - | 2013-09-16 | 2013-10-01 |
| 2013-06-12 | $0.28 | 0.0% | Cash | quarterly | - | 2013-06-14 | 2013-07-01 |
| 2013-03-13 | $0.28 | +9.8% | Cash | quarterly | - | 2013-03-15 | 2013-04-01 |
| 2012-11-28 | $0.255 | 0.0% | Cash | quarterly | - | 2012-11-30 | 2012-12-17 |
| 2012-09-12 | $0.255 | 0.0% | Cash | quarterly | - | 2012-09-14 | 2012-10-01 |
| 2012-06-13 | $0.255 | -50.0% | Cash | quarterly | - | 2012-06-15 | 2012-07-01 |
| 2012-03-13 | $0.51 | – | Cash | quarterly | - | 2012-03-15 | 2012-04-01 |
No splits on record.