Dividend Yield (TTM)
1.77%
price: vendor quote
Dividend Yield (Forward)
2.44%
4 payments/yr (spacing)
Dividends / Share (TTM)
$6.74
Forward (annualized): $9.28
Payout Ratio (EPS, TTM)
66.8%
Payout Ratio (FCF, TTM)
40.9%
Dividend CAGR (3Y / 5Y / 10Y)
3Y10.9%5Y12.6%10Y20.3%
Consecutive Growth Years
11
as of 2025
Years Without a Cut
11
as of 2025
Total Shareholder Yield (TTM)
2.55%
Div 2.07% + Net buyback 0.48%
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)
2.6%
Dividends 2.1% + Net buybacks 0.5%
Net Buyback (TTM)
$1.85B
Gross $2.54B − Issuance $698M
SBC (TTM)
$944M
Share-based compensation, dilution driver
Net share-count change % / yr
Annual dividend growth
Dividend growth is decelerating (6.7% latest vs 13.5% 3-yr avg).
| Year | DPS (regular sum, USD) | Change | Hikes | |
|---|---|---|---|---|
| 2025 | 8.73 | +6.7% | 1 | |
| 2024 | 8.18 | +12.2% | 1 | |
| 2023 | 7.29 | +13.9% | 1 | |
| 2022 | 6.40 | +14.3% | 1 | |
| 2021 | 5.60 | +15.9% | 1 | |
| 2020 | 4.83 | +16.7% | 1 | |
| 2019 | 4.14 | +20.0% | 1 | |
| 2018 | 3.45 | +53.3% | 1 | |
| 2017 | 2.25 | +20.0% | 1 | |
| 2016 | 1.88 | +36.4% | 1 | |
| 2015 | 1.38 | +22.2% | 1 | |
| 2014 | 1.13 | — | 0 |
Special dividends are excluded from these figures. Based on 46 regular payments.
Payment history (46 payments)
| Δ% | Type | Frequency | Declaration | Record | Pay date | ||
|---|---|---|---|---|---|---|---|
| 2026-06-15 | $2.32 | +5.0% | Cash | quarterly | 2026-06-03 | 2026-06-15 | 2026-06-23 |
| 2026-03-09 | $2.21 | 0.0% | Cash | quarterly | 2026-02-25 | 2026-03-09 | 2026-03-17 |
| 2025-12-09 | $2.21 | 0.0% | Cash | quarterly | 2025-11-07 | 2025-12-08 | 2025-12-16 |
| 2025-09-15 | $2.21 | 0.0% | Cash | quarterly | 2025-08-13 | 2025-09-15 | 2025-09-23 |
| 2025-06-16 | $2.21 | +5.2% | Cash | quarterly | 2025-06-04 | 2025-06-16 | 2025-06-24 |
| 2025-03-10 | $2.1 | 0.0% | Cash | quarterly | 2025-02-24 | 2025-03-10 | 2025-03-18 |
| 2024-12-09 | $2.1 | 0.0% | Cash | quarterly | 2024-11-06 | 2024-12-09 | 2024-12-17 |
| 2024-09-16 | $2.1 | 0.0% | Cash | quarterly | 2024-08-07 | 2024-09-16 | 2024-09-24 |
| 2024-06-17 | $2.1 | +11.7% | Cash | quarterly | 2024-06-05 | 2024-06-17 | 2024-06-25 |
| 2024-03-08 | $1.88 | 0.0% | Cash | quarterly | 2024-02-23 | 2024-03-11 | 2024-03-19 |
| 2023-12-01 | $1.88 | 0.0% | Cash | quarterly | 2023-11-08 | 2023-12-04 | 2023-12-12 |
| 2023-09-08 | $1.88 | 0.0% | Cash | quarterly | 2023-08-23 | 2023-09-11 | 2023-09-19 |
| 2023-06-16 | $1.88 | +13.9% | Cash | quarterly | 2023-06-07 | 2023-06-19 | 2023-06-27 |
| 2023-03-10 | $1.65 | 0.0% | Cash | quarterly | 2023-02-27 | 2023-03-13 | 2023-03-21 |
| 2022-12-02 | $1.65 | 0.0% | Cash | quarterly | 2022-11-04 | 2022-12-05 | 2022-12-13 |
| 2022-09-09 | $1.65 | 0.0% | Cash | quarterly | 2022-08-17 | 2022-09-12 | 2022-09-20 |
| 2022-06-16 | $1.65 | +13.8% | Cash | quarterly | 2022-06-08 | 2022-06-20 | 2022-06-28 |
| 2022-03-11 | $1.45 | 0.0% | Cash | quarterly | 2022-02-16 | 2022-03-14 | 2022-03-22 |
| 2021-12-03 | $1.45 | 0.0% | Cash | quarterly | 2021-11-05 | 2021-12-06 | 2021-12-14 |
| 2021-09-10 | $1.45 | 0.0% | Cash | quarterly | 2021-08-11 | 2021-09-13 | 2021-09-21 |
| 2021-06-18 | $1.45 | +16.0% | Cash | quarterly | 2021-06-09 | 2021-06-21 | 2021-06-29 |
| 2021-03-12 | $1.25 | 0.0% | Cash | quarterly | 2021-02-24 | 2021-03-15 | 2021-03-23 |
| 2020-12-04 | $1.25 | 0.0% | Cash | quarterly | 2020-11-04 | 2020-12-07 | 2020-12-15 |
| 2020-09-11 | $1.25 | 0.0% | Cash | quarterly | 2020-08-05 | 2020-09-14 | 2020-09-22 |
| 2020-06-19 | $1.25 | +15.7% | Cash | quarterly | 2020-06-02 | 2020-06-22 | 2020-06-30 |
| 2020-03-13 | $1.08 | 0.0% | Cash | quarterly | 2020-02-17 | 2020-03-16 | 2020-03-24 |
| 2019-12-06 | $1.08 | 0.0% | Cash | quarterly | 2019-11-08 | 2019-12-09 | 2019-12-17 |
| 2019-09-13 | $1.08 | 0.0% | Cash | quarterly | 2019-08-14 | 2019-09-16 | 2019-09-24 |
| 2019-06-14 | $1.08 | +20.0% | Cash | quarterly | 2019-06-05 | 2019-06-17 | 2019-06-25 |
| 2019-03-08 | $0.9 | 0.0% | Cash | quarterly | 2019-02-27 | 2019-03-11 | 2019-03-19 |
| 2018-11-30 | $0.9 | 0.0% | Cash | quarterly | 2018-11-09 | 2018-12-03 | 2018-12-13 |
| 2018-09-06 | $0.9 | 0.0% | Cash | quarterly | 2018-08-08 | 2018-09-07 | 2018-09-18 |
| 2018-06-15 | $0.9 | +20.0% | Cash | quarterly | 2018-06-06 | 2018-06-18 | 2018-06-26 |
| 2018-03-08 | $0.75 | 0.0% | Cash | quarterly | 2018-02-12 | 2018-03-09 | 2018-03-20 |
| 2017-11-30 | $0.75 | 0.0% | Cash | quarterly | 2017-11-08 | 2017-12-01 | 2017-12-12 |
| 2017-09-07 | $0.75 | 0.0% | Cash | quarterly | 2017-08-15 | 2017-09-08 | 2017-09-19 |
| 2017-06-15 | $0.75 | +20.0% | Cash | quarterly | 2017-06-07 | 2017-06-19 | 2017-06-27 |
| 2016-11-30 | $0.625 | 0.0% | Cash | quarterly | 2016-11-09 | 2016-12-02 | 2016-12-13 |
| 2016-09-07 | $0.625 | 0.0% | Cash | quarterly | 2016-08-03 | 2016-09-09 | 2016-09-20 |
| 2016-06-15 | $0.625 | +25.0% | Cash | quarterly | 2016-06-08 | 2016-06-17 | 2016-06-28 |
| 2015-09-09 | $0.5 | 0.0% | Cash | quarterly | 2015-08-12 | 2015-09-11 | 2015-09-22 |
| 2015-06-11 | $0.5 | +33.3% | Cash | quarterly | 2015-06-03 | 2015-06-15 | 2015-06-24 |
| 2015-03-11 | $0.375 | 0.0% | Cash | quarterly | 2015-02-11 | 2015-03-13 | 2015-03-24 |
| 2014-12-03 | $0.375 | 0.0% | Cash | quarterly | 2014-11-06 | 2014-12-05 | 2014-12-16 |
| 2014-09-10 | $0.375 | 0.0% | Cash | quarterly | 2014-08-12 | 2014-09-12 | 2014-09-23 |
| 2014-06-12 | $0.375 | – | Cash | quarterly | 2014-06-04 | 2014-06-16 | 2014-06-25 |
No splits on record.