STX Payout Ratio: current value, 10-year range and year-by-year history
Cash & Leverage
Payout Ratio History
STX Payout Ratio by year
Yearly range of STX’s payout ratio from 2016 to 2026. Over the full period it ranged from 20.2% to 131.9%, averaging 64.1%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 20.2% | 26.8% | 34.7% | 20.2% |
| 2025 | 53.4% | 69.7% | 79.4% | 53.4% |
| 2024 | 89.3% | 101.8% | 131.9% | 89.3% |
| 2023 | 92.6% | 103.6% | 117.5% | 117.5% |
| 2022 | 40.0% | 55.4% | 76.4% | 76.4% |
| 2021 | 42.6% | 53.5% | 63.6% | 42.6% |
| 2020 | 56.9% | 60.4% | 66.9% | 66.9% |
| 2019 | 58.0% | 60.9% | 64.3% | 64.3% |
| 2018 | 36.0% | 44.3% | 50.5% | 50.5% |
| 2017 | 50.5% | 55.1% | 64.4% | 54.0% |
| 2016 | 60.4% | 71.0% | 81.6% | 60.4% |
Get notified when STX 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.