Dividend Payout Ratio - Historic Data

Historic Data

The data for S&P 500 is taken from . The payout rate has gradually declined from 90% of operating earnings in 1940s to about 30% in recent years.

Decade Price % Dividend Total Dividends as % Average
Change Contribution Return of Total Return Payout
1930s -41.90% 56.00% 14.10% N/A 90.10%
1940s 34.8 100.3 135.1 74.20% 59.4
1950s 256.7 180 436.7 41.2 54.6
1960s 53.7 54.2 107.9 50.2 56
1970s 17.2 59.1 76.3 77.5 45.5
1980s 227.4 143.1 370.5 38.6 48.6
1990s 315.7 95.5 411.2 23.2 47.6
2000s -15 8.6 -6.4 N/A 32.3
Average 106.10% 87.10% 193.20% 50.80% 54.30%

For smaller growth companies, the average payout ratio can be as low as 10%.

Read more about this topic:  Dividend Payout Ratio

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