KR Payout Ratio: current value, 10-year range and year-by-year history
Cash & Leverage
Payout Ratio History
KR Payout Ratio by year
Yearly range of KR’s payout ratio from 2016 to 2026. Over the full period it ranged from 13.1% to 74.1%, averaging 37.7%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 24.0% | 26.9% | 29.8% | 29.8% |
| 2025 | 38.2% | 42.8% | 47.5% | 38.2% |
| 2024 | 27.7% | 39.1% | 48.9% | 39.5% |
| 2023 | 19.8% | 31.9% | 47.9% | 33.7% |
| 2022 | 23.3% | 27.5% | 34.5% | 34.5% |
| 2021 | 13.1% | 13.1% | 13.1% | 13.1% |
| 2020 | 13.3% | 18.0% | 31.4% | 13.8% |
| 2019 | 33.3% | 39.5% | 47.3% | 33.3% |
| 2018 | 35.7% | 59.5% | 72.1% | 35.7% |
| 2017 | 31.6% | 46.7% | 74.1% | 40.9% |
| 2016 | 59.7% | 59.7% | 59.7% | 59.7% |
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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.