DE Payout Ratio: current value, 10-year range and year-by-year history
Cash & Leverage
Payout Ratio History
DE Payout Ratio by year
Yearly range of DE’s payout ratio from 2016 to 2026. Over the full period it ranged from 16.3% to 204.8%, averaging 58.3%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 46.6% | 47.8% | 49.1% | 46.6% |
| 2025 | 38.8% | 43.5% | 54.4% | 54.4% |
| 2024 | 31.2% | 33.2% | 36.3% | 36.3% |
| 2023 | 35.2% | 55.0% | 67.8% | 35.2% |
| 2022 | 52.1% | 123.8% | 204.8% | 144.6% |
| 2021 | 16.3% | 18.6% | 21.9% | 21.9% |
| 2020 | 20.0% | 46.5% | 98.7% | 20.0% |
| 2017 | 64.2% | 92.4% | 137.6% | 137.6% |
| 2016 | 93.8% | 93.8% | 93.8% | 93.8% |
Get notified when DE Payout Ratio crosses a threshold
Free — one alert setup, notifications by push, Telegram, or Discord.
What fraction of free cash flow is paid out as dividends. More reliable than the earnings-based payout ratio because cash is harder to manipulate through accounting choices. Low ratio = room to grow the dividend and absorb an earnings dip. High ratio = dividend is consuming most of the cash generated.
TTM Dividends Per Share / (TTM FCF ÷ Shares) × 100%A steadily rising FCF payout ratio warrants scrutiny only if FCF itself is flat or falling — that means the company is paying out a larger slice of shrinking cash. A high but stable ratio in a capital-light business (e.g. consumer staples) can be perfectly sustainable.
- FCF can be lumpy: large one-off capex or working-capital swings distort a single year. Look at the multi-year trend rather than any single data point.
- Utilities and REITs naturally sustain 60–90% FCF payout ratios; industrials and tech companies typically run 20–50%. Always compare to sector context.
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.