Dividend Yield (TTM)
1.99%
price: vendor quote
Dividend Yield (Forward)
2.65%
4 payments/yr (spacing)
Dividends / Share (TTM)
$2.55
Forward (annualized): $3.40
Payout Ratio (EPS, TTM)
93.5%
Payout Ratio (FCF, TTM)
58.7%
Dividend CAGR (3Y / 5Y / 10Y)
3Y5.4%5Y5.8%10Y13.7%
Consecutive Growth Years
11
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
4.07%
Div 2.57% + Net buyback 1.50%
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.
No yield history available.
Capital returns
Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.
Total Shareholder Yield (TTM)
4.1%
Dividends 2.6% + Net buybacks 1.5%
Net Buyback (TTM)
$4.79B
Gross $4.79B − Issuance $0
SBC (TTM)
$810M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (5.1% latest vs 5.7% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 3.28 | +5.1% | 1 | |
| 2024 | 3.12 | +5.4% | 1 | |
| 2023 | 2.96 | +5.7% | 1 | |
| 2022 | 2.80 | +6.1% | 1 | |
| 2021 | 2.64 | +6.5% | 1 | |
| 2020 | 2.48 | +9.7% | 1 | |
| 2019 | 2.26 | +13.6% | 1 | |
| 2018 | 1.99 | +5.3% | 1 | |
| 2017 | 1.89 | +36.0% | 1 | |
| 2016 | 1.39 | +52.7% | 1 | |
| 2015 | 0.91 | +2.2% | 1 | |
| 2014 | 0.89 | — | 1 |
Special dividends are excluded from these figures. Based on 45 regular payments.
Payment history (45 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-06-15 | $0.85 | 0.0% | Cash | quarterly | 2026-05-26 | 2026-06-15 | 2026-07-08 |
| 2026-03-16 | $0.85 | 0.0% | Cash | quarterly | 2026-01-27 | 2026-03-16 | 2026-04-07 |
| 2025-12-15 | $0.85 | +4.9% | Cash | quarterly | 2025-11-18 | 2025-12-15 | 2026-01-08 |
| 2025-09-15 | $0.81 | 0.0% | Cash | quarterly | 2025-07-22 | 2025-09-15 | 2025-10-07 |
| 2025-06-16 | $0.81 | 0.0% | Cash | quarterly | 2025-05-27 | 2025-06-16 | 2025-07-08 |
| 2025-03-17 | $0.81 | 0.0% | Cash | quarterly | 2025-01-28 | 2025-03-17 | 2025-04-07 |
| 2024-12-16 | $0.81 | +5.2% | Cash | quarterly | 2024-11-19 | 2024-12-16 | 2025-01-08 |
| 2024-09-16 | $0.77 | 0.0% | Cash | quarterly | 2024-07-23 | 2024-09-16 | 2024-10-07 |
| 2024-06-17 | $0.77 | 0.0% | Cash | quarterly | 2024-05-28 | 2024-06-17 | 2024-07-08 |
| 2024-03-14 | $0.77 | 0.0% | Cash | quarterly | 2024-01-23 | 2024-03-15 | 2024-04-05 |
| 2023-12-14 | $0.77 | +5.5% | Cash | quarterly | 2023-11-28 | 2023-12-15 | 2024-01-08 |
| 2023-09-14 | $0.73 | 0.0% | Cash | quarterly | 2023-07-25 | 2023-09-15 | 2023-10-06 |
| 2023-06-14 | $0.73 | 0.0% | Cash | quarterly | 2023-05-23 | 2023-06-15 | 2023-07-10 |
| 2023-03-14 | $0.73 | 0.0% | Cash | quarterly | 2023-01-24 | 2023-03-15 | 2023-04-10 |
| 2022-12-14 | $0.73 | +5.8% | Cash | quarterly | 2022-11-29 | 2022-12-15 | 2023-01-09 |
| 2022-09-14 | $0.69 | 0.0% | Cash | quarterly | 2022-07-26 | 2022-09-15 | 2022-10-07 |
| 2022-06-14 | $0.69 | 0.0% | Cash | quarterly | 2022-05-24 | 2022-06-15 | 2022-07-08 |
| 2022-03-14 | $0.69 | 0.0% | Cash | quarterly | 2022-01-25 | 2022-03-15 | 2022-04-07 |
| 2021-12-14 | $0.69 | +6.2% | Cash | quarterly | 2021-11-30 | 2021-12-15 | 2022-01-07 |
| 2021-09-14 | $0.65 | 0.0% | Cash | quarterly | 2021-07-27 | 2021-09-15 | 2021-10-07 |
| 2021-06-14 | $0.65 | 0.0% | Cash | quarterly | 2021-05-27 | 2021-06-15 | 2021-07-07 |
| 2021-03-12 | $0.65 | 0.0% | Cash | quarterly | 2021-01-26 | 2021-03-15 | 2021-04-07 |
| 2020-12-14 | $0.65 | +6.6% | Cash | quarterly | 2020-11-11 | 2020-12-15 | 2021-01-08 |
| 2020-09-14 | $0.61 | 0.0% | Cash | quarterly | 2020-07-28 | 2020-09-15 | 2020-10-07 |
| 2020-06-12 | $0.61 | 0.0% | Cash | quarterly | 2020-05-26 | 2020-06-15 | 2020-07-07 |
| 2020-03-13 | $0.61 | 0.0% | Cash | quarterly | 2020-01-28 | 2020-03-16 | 2020-04-07 |
| 2019-12-13 | $0.61 | +10.9% | Cash | quarterly | 2019-11-19 | 2019-12-16 | 2020-01-08 |
| 2019-09-13 | $0.55 | 0.0% | Cash | quarterly | 2019-07-23 | 2019-09-16 | 2019-10-07 |
| 2019-06-14 | $0.55 | 0.0% | Cash | quarterly | 2019-05-28 | 2019-06-17 | 2019-07-08 |
| 2019-03-14 | $0.55 | 0.0% | Cash | quarterly | 2019-01-29 | 2019-03-15 | 2019-04-05 |
| 2018-12-14 | $0.55 | +14.6% | Cash | quarterly | 2018-10-25 | 2018-12-17 | 2019-01-08 |
| 2018-09-14 | $0.48 | 0.0% | Cash | quarterly | 2018-07-24 | 2018-09-17 | 2018-10-05 |
| 2018-06-14 | $0.48 | 0.0% | Cash | quarterly | 2018-05-22 | 2018-06-15 | 2018-07-09 |
| 2018-03-14 | $0.48 | 0.0% | Cash | quarterly | 2018-01-23 | 2018-03-15 | 2018-04-06 |
| 2017-12-14 | $0.48 | +2.1% | Cash | quarterly | 2017-11-28 | 2017-12-15 | 2018-01-08 |
| 2017-09-14 | $0.47 | 0.0% | Cash | quarterly | 2017-07-26 | 2017-09-15 | 2017-10-06 |
| 2017-06-13 | $0.47 | 0.0% | Cash | quarterly | 2017-05-23 | 2017-06-15 | 2017-07-10 |
| 2017-03-13 | $0.47 | 0.0% | Cash | quarterly | 2017-02-21 | 2017-03-15 | 2017-04-07 |
| 2016-12-13 | $0.47 | +2.2% | Cash | quarterly | 2016-11-22 | 2016-12-15 | 2017-01-09 |
| 2016-06-13 | $0.46 | 0.0% | Cash | quarterly | 2016-05-24 | 2016-06-15 | 2016-07-08 |
| 2016-03-11 | $0.46 | 0.0% | Cash | quarterly | 2016-02-23 | 2016-03-15 | 2016-04-07 |
| 2015-12-11 | $0.46 | +2.2% | Cash | quarterly | 2015-11-24 | 2015-12-15 | 2016-01-08 |
| 2015-03-12 | $0.45 | 0.0% | Cash | quarterly | 2015-02-24 | 2015-03-16 | 2015-04-08 |
| 2014-12-11 | $0.45 | +2.3% | Cash | quarterly | 2014-11-25 | 2014-12-15 | 2015-01-08 |
| 2014-09-11 | $0.44 | – | Cash | quarterly | 2014-07-23 | 2014-09-15 | 2014-10-07 |
No splits on record.