Dividend Basis payout ratios, computed from filings

The payout ratio you were shown is one of four.

A dividend can look comfortable on reported earnings and impossible on the cash the business actually produced. Both numbers come out of the same filing. This shows every basis a company's own filings support, says which one applies, and shows the arithmetic.

340 companies · 14 sectors · 163 where the bases disagree by 20 points or more

Widest disagreements

By sector

Covered by nothing. On these, every basis is negative — there is no payout ratio because there is nothing to divide by: CCOI · FMC

Every company

340 shown

TickerCompanySectorBasis that appliesSpread
AAAlcoa CorpMaterialsFree cash flow16
AAPLApple Inc.TechnologyFree cash flow2
ABBVAbbVie Inc.Health careFree cash flow221
ABTABBOTT LABORATORIESHealth careFree cash flow21
ADIANALOG DEVICES INCTechnologyFree cash flow45
ADMArcher-Daniels-Midland CoStaplesFree cash flow73
AEEAMEREN CORPUtilitiesGAAP earnings30
AEPAMERICAN ELECTRIC POWER CO INCUtilitiesGAAP earnings29
AESAES CORPUtilitiesGAAP earnings44
AFLAFLAC INCFinancialsGAAP earnings
AIGAMERICAN INTERNATIONAL GROUP, INC.FinancialsGAAP earnings
ALBALBEMARLE CORPMaterialsFree cash flow13
ALLALLSTATE CORPFinancialsGAAP earnings
AMATAPPLIED MATERIALS INC /DETechnologyFree cash flow7
AMCRAmcor plcConsumer discretionaryFree cash flow53
AMEAMETEK INC/IndustrialsFree cash flow3
AMGNAMGEN INCHealth careFree cash flow16
AMHAmerican Homes 4 RentReal estateFunds from operations50
AMPAMERIPRISE FINANCIAL INCFinancial servicesFree cash flow10
AMTAMERICAN TOWER CORP /MA/Real estateFunds from operations67
AONAon plcFinancial servicesFree cash flow2
APAAPA CorpEnergyFree cash flow17
APDAir Products & Chemicals, Inc.Materials
APHAMPHENOL CORP /DE/TechnologyFree cash flow7
ARCCARES CAPITAL CORPInvestment companyNet investment income11
AREALEXANDRIA REAL ESTATE EQUITIES, INC.Real estateOperating cash flow
ATENA10 Networks, Inc.TechnologyFree cash flow22
ATNIATN International, Inc.CommunicationsFree cash flow24
ATOATMOS ENERGY CORPUtilitiesGAAP earnings20
AVBAVALONBAY COMMUNITIES INCReal estateFunds from operations35
AVGOBroadcom Inc.TechnologyFree cash flow9
AVYAvery Dennison CorpStaplesFree cash flow9
AWKAmerican Water Works Company, Inc.UtilitiesGAAP earnings27
AXPAMERICAN EXPRESS COFinancialsGAAP earnings
BACBANK OF AMERICA CORP /DE/FinancialsGAAP earnings
BALLBALL CorpIndustrialsFree cash flow10
BAXBAXTER INTERNATIONAL INCHealth careFree cash flow64
BBYBEST BUY CO INCConsumer discretionaryFree cash flow35
BDXBECTON DICKINSON & COHealth careFree cash flow37
BGBunge Global SAStaples2
BKBank of New York Mellon CorpFinancialsGAAP earnings
BKNGBooking Holdings Inc.IndustrialsFree cash flow8
BKRBaker Hughes CoIndustrialsFree cash flow12
BLKBlackRock, Inc.FinancialsGAAP earnings
BMYBRISTOL MYERS SQUIBB COHealth careFree cash flow36
BXPBXP, Inc.Real estateFunds from operations181
CCITIGROUP INCFinancialsGAAP earnings
CABOCable One, Inc.CommunicationsFree cash flow3
CAGCONAGRA BRANDS INC.StaplesFree cash flow21
CAHCARDINAL HEALTH INCIndustrialsFree cash flow19
CARRCARRIER GLOBAL CorpIndustrialsFree cash flow9
CATCATERPILLAR INCIndustrialsFree cash flow8
CBChubb LtdFinancialsGAAP earnings
CCICROWN CASTLE INC.Real estateFunds from operations402
CCOICOGENT COMMUNICATIONS HOLDINGS, INC.Communications
CECelanese CorpMaterialsFree cash flow0
CFCF Industries Holdings, Inc.MaterialsFree cash flow10
CHDCHURCH & DWIGHT CO INC /DE/StaplesFree cash flow15
CHRDChord Energy CorpEnergyFree cash flow30
CICigna GroupHealth careOperating cash flow10
CINFCINCINNATI FINANCIAL CORPFinancialsGAAP earnings
CLCOLGATE PALMOLIVE COStaplesFree cash flow36
CLXCLOROX CO /DE/StaplesFree cash flow18
CMCSACOMCAST CORPCommunicationsFree cash flow10
CMECME GROUP INC.Financial servicesFree cash flow49
CMICUMMINS INCIndustrialsFree cash flow15
CMSCMS ENERGY CORPUtilitiesGAAP earnings32
CNPCENTERPOINT ENERGY INCUtilitiesGAAP earnings32
CNXCNX Resources CorpEnergyFree cash flow0
COFCAPITAL ONE FINANCIAL CORPFinancialsGAAP earnings
COPCONOCOPHILLIPSEnergyOperating cash flow30
CORCencora, Inc.IndustrialsFree cash flow16
COSTCOSTCO WHOLESALE CORP /NEWConsumer discretionaryFree cash flow11
CPBCAMPBELL'S CoStaplesFree cash flow36
CPTCAMDEN PROPERTY TRUSTReal estateFunds from operations63
CSCOCISCO SYSTEMS, INC.TechnologyFree cash flow18
CSCOCISCO SYSTEMS, INC.TechnologyFree cash flow18
CSXCSX CORPIndustrialsFree cash flow36
CTRACoterra Energy Inc.EnergyFree cash flow22
CTVACorteva, Inc.StaplesFree cash flow30
CVSCVS HEALTH CorpConsumer discretionaryFree cash flow159
CVXCHEVRON CORPEnergyFree cash flow66
DDOMINION ENERGY, INCUtilitiesGAAP earnings35
DDDuPont de Nemours, Inc.MaterialsFree cash flow156
DEDEERE & COIndustrialsFree cash flow12
DELLDell Technologies Inc.TechnologyFree cash flow11
DGXQUEST DIAGNOSTICS INCHealth careFree cash flow17
DHIHORTON D R INC /DE/IndustrialsFree cash flow1
DHRDANAHER CORP /DE/IndustrialsFree cash flow11
DINOHF Sinclair CorpIndustrialsFree cash flow36
DISWalt Disney CoConsumer discretionaryFree cash flow8
DKSDICK'S SPORTING GOODS, INC.Consumer discretionaryFree cash flow77
DLRDIGITAL REALTY TRUST, INC.Real estateFunds from operations67
DLXDELUXE CORPCommunicationsFree cash flow46
DOCHEALTHPEAK PROPERTIES, INC.Real estateFunds from operations170
DOVDOVER CorpIndustrialsFree cash flow5
DOWDOW INC.Materials
DPZDOMINOS PIZZA INCStaplesFree cash flow10
DRIDARDEN RESTAURANTS INCConsumer discretionaryFree cash flow25
DTEDTE ENERGY COUtilitiesGAAP earnings38
DUKDuke Energy CORPUtilitiesGAAP earnings40
DVNDEVON ENERGY CORP/DEEnergyFree cash flow14
EBAYEBAY INCnot classifiedFree cash flow11
ECLECOLAB INC.StaplesFree cash flow14
EDCONSOLIDATED EDISON INCUtilitiesGAAP earnings33
EIXEDISON INTERNATIONALUtilitiesGAAP earnings7
ELESTEE LAUDER COMPANIES INCStaplesFree cash flow251
ELVElevance Health, Inc.Health careFree cash flow21
EMNEASTMAN CHEMICAL COMaterialsFree cash flow51
EMREMERSON ELECTRIC COIndustrialsFree cash flow14
EOGEOG RESOURCES INCEnergyFree cash flow22
EQIXEQUINIX INCReal estateFunds from operations89
EQRVIVMARK RESIDENTIALReal estateFunds from operations43
EQTEQT CorpEnergyFree cash flow12
ESEVERSOURCE ENERGYUtilitiesGAAP earnings39
ESEESCO TECHNOLOGIES INCTechnologyFree cash flow1
ESSESSEX PROPERTY TRUST, INC.Real estateFunds from operations209
ETNEaton Corp plcIndustrialsFree cash flow9
ETRENTERGY CORP /DE/UtilitiesGAAP earnings42
EVCENTRAVISION COMMUNICATIONS CORPCommunicationsOperating cash flow
EXCEXELON CORPUtilitiesGAAP earnings33
EXPEExpedia Group, Inc.IndustrialsFree cash flow11
EXRExtra Space Storage Inc.Real estateFunds from operations67
FFORD MOTOR COIndustrialsFree cash flow10
FANGDiamondback Energy, Inc.EnergyFree cash flow57
FCXFREEPORT-MCMORAN INCMaterialsFree cash flow62
FDXFEDEX CORPIndustrialsFree cash flow16
FEFIRSTENERGY CORPUtilitiesGAAP earnings73
FLOFLOWERS FOODS INCStaplesFree cash flow199
FMCFMC CORPMaterials
FOXAFox CorpCommunicationsFree cash flow5
FTITechnipFMC plcIndustrialsFree cash flow4
GDGENERAL DYNAMICS CORPIndustrialsFree cash flow9
GILDGILEAD SCIENCES, INC.Health careFree cash flow7
GISGENERAL MILLS INCStaplesFree cash flow20
GLPIGaming & Leisure Properties, Inc.Real estateFunds from operations28
GLWCORNING INC /NYMaterialsFree cash flow34
GMGeneral Motors CoIndustrialsFree cash flow15
GOOGLAlphabet Inc.TechnologyFree cash flow8
GPCGENUINE PARTS COIndustrialsFree cash flow71
GRMNGARMIN LTDIndustrialsFree cash flow9
GSGOLDMAN SACHS GROUP INCFinancialsGAAP earnings
GTNGRAY MEDIA, INCCommunicationsFree cash flow7
GWWW.W. GRAINGER, INC.IndustrialsFree cash flow12
HALHALLIBURTON COEnergyFree cash flow25
HCAHCA Healthcare, Inc.Health careFree cash flow5
HDHOME DEPOT, INC.Consumer discretionaryFree cash flow16
HIGHARTFORD INSURANCE GROUP, INC.FinancialsGAAP earnings
HLTHilton Worldwide Holdings Inc.Consumer discretionaryFree cash flow3
HONHONEYWELL INTERNATIONAL INCIndustrialsFree cash flow16
HPQHP INCTechnologyFree cash flow14
HPQHP INCTechnologyFree cash flow14
HRLHORMEL FOODS CORP /DE/StaplesFree cash flow58
HSTHOST HOTELS & RESORTS, INC.Real estateFunds from operations45
HSYHERSHEY COStaplesFree cash flow12
HTGCHercules Capital, Inc.Investment companyNet investment income2
HUMHUMANA INCHealth careFree cash flow79
IBMINTERNATIONAL BUSINESS MACHINES CORPTechnologyFree cash flow13
ICEIntercontinental Exchange, Inc.Financial servicesFree cash flow10
IFFINTERNATIONAL FLAVORS & FRAGRANCES INCMaterialsFree cash flow112
INTUINTUIT INC.TechnologyFree cash flow11
INVHInvitation Homes Inc.Real estateFunds from operations63
IPINTERNATIONAL PAPER CO /NEW/Materials
IRIngersoll Rand Inc.IndustrialsFree cash flow3
IRDMIridium Communications Inc.CommunicationsFree cash flow39
IRMIRON MOUNTAIN INCReal estateFunds from operations13
ITWILLINOIS TOOL WORKS INCIndustrialsFree cash flow9
JCIJohnson Controls International plcIndustrialsFree cash flow16
JNJJOHNSON & JOHNSONHealth careFree cash flow16
JPMJPMORGAN CHASE & COFinancialsGAAP earnings
KDPKeurig Dr Pepper Inc.StaplesFree cash flow23
KHCKraft Heinz CoStaplesFree cash flow9
KIMKIMCO REALTY CORPReal estateFunds from operations67
KLACKLA CORPIndustrialsFree cash flow6
KMBKIMBERLY CLARK CORPStaplesFree cash flow42
KMIKINDER MORGAN, INC.UtilitiesGAAP earnings46
KOCOCA COLA COStaplesFree cash flow99
KRKROGER COStaplesFree cash flow77
KVUEKenvue Inc.StaplesFree cash flow37
LENLENNAR CORP /NEW/IndustrialsOperating cash flow215
LHLABCORP HOLDINGS INC.Health careFree cash flow13
LHXL3HARRIS TECHNOLOGIES, INC. /DE/IndustrialsFree cash flow27
LINLINDE PLCMaterialsFree cash flow28
LLYELI LILLY & CoHealth careFree cash flow33
LMTLOCKHEED MARTIN CORPIndustrialsFree cash flow26
LNGCheniere Energy, Inc.UtilitiesGAAP earnings10
LNTALLIANT ENERGY CORPUtilitiesGAAP earnings20
LOWLOWES COMPANIES INCConsumer discretionaryFree cash flow13
LRCXLAM RESEARCH CORPIndustrialsFree cash flow8
LUMNLumen Technologies, Inc.CommunicationsFree cash flow
LVSLAS VEGAS SANDS CORPConsumer discretionaryFree cash flow17
LWLamb Weston Holdings, Inc.StaplesFree cash flow50
LYBLyondellBasell Industries N.V.MaterialsFree cash flow381
MAAMID AMERICA APARTMENT COMMUNITIES INC.Real estateFunds from operations95
MAINMain Street Capital CORPInvestment companyNet investment income4
MARMARRIOTT INTERNATIONAL INC /MD/Consumer discretionaryFree cash flow5
MCDMCDONALDS CORPConsumer discretionaryFree cash flow23
MCKMCKESSON CORPIndustrialsFree cash flow2
MDLZMondelez International, Inc.StaplesFree cash flow48
MDTMedtronic plcHealth careFree cash flow26
METMETLIFE INCFinancialsGAAP earnings
METAMeta Platforms, Inc.TechnologyFree cash flow7
MKCMCCORMICK & CO INCStaplesFree cash flow15
MLMMARTIN MARIETTA MATERIALS INCMaterialsFree cash flow9
MMCMARSH & MCLENNAN COMPANIES, INC.Financial servicesFree cash flow9
MMM3M COHealth careFree cash flow63
MOALTRIA GROUP, INC.StaplesFree cash flow26
MOSMOSAIC COMaterials18
MPCMarathon Petroleum CorpEnergyFree cash flow14
MRKMerck & Co., Inc.Health careFree cash flow21
MSMORGAN STANLEYFinancialsGAAP earnings
MSFTMICROSOFT CORPTechnologyFree cash flow25
MSIMotorola Solutions, Inc.TechnologyFree cash flow9
MTBM&T BANK CORPFinancialsGAAP earnings
MURMURPHY OIL CORPEnergyFree cash flow166
NEENEXTERA ENERGY INCUtilitiesGAAP earnings31
NEMNEWMONT Corp /DE/MaterialsFree cash flow5
NINISOURCE INC.UtilitiesGAAP earnings35
NJRNEW JERSEY RESOURCES CORPUtilitiesGAAP earnings16
NKENIKE, Inc.Consumer discretionaryFree cash flow33
NNNNNN REIT, INC.Real estateFunds from operations48
NOCNORTHROP GRUMMAN CORP /DE/IndustrialsFree cash flow12
NOVNOV Inc.IndustrialsFree cash flow116
NSCNORFOLK SOUTHERN CORPIndustrialsFree cash flow28
NSSCNAPCO SECURITY TECHNOLOGIES, INCTechnologyFree cash flow18
NTAPNetApp, Inc.TechnologyFree cash flow13
NTRSNORTHERN TRUST CORPFinancialsGAAP earnings
NUENUCOR CORPMaterials14
NVDANVIDIA CORPTechnologyFree cash flow0
NWSANEWS CORPCommunicationsFree cash flow19
NXSTNEXSTAR MEDIA GROUP, INC.CommunicationsFree cash flow223
NYTNEW YORK TIMES COCommunicationsFree cash flow16
OREALTY INCOME CORPReal estateFunds from operations202
OCSLOaktree Specialty Lending CorpInvestment companyNet investment income345
OGEOGE ENERGY CORP.UtilitiesGAAP earnings383
OGNOrganon & Co.Health careFree cash flow35
OKEONEOK INC /NEW/UtilitiesGAAP earnings59
OMCOMNICOM GROUP INC.Consumer discretionaryFree cash flow1
ORCLORACLE CORPTechnology16
OTISOtis Worldwide CorpIndustrialsFree cash flow7
OXYOCCIDENTAL PETROLEUM CORP /DE/EnergyFree cash flow44
PBIPITNEY BOWES INC /DE/TechnologyFree cash flow22
PCARPACCAR INCIndustrialsFree cash flow10
PCGPG&E CorpUtilitiesGAAP earnings7
PEGPUBLIC SERVICE ENTERPRISE GROUP INCUtilitiesGAAP earnings22
PEPPEPSICO INCStaplesFree cash flow36
PFEPFIZER INCHealth careFree cash flow43
PGPROCTER & GAMBLE CoStaplesFree cash flow15
PGRPROGRESSIVE CORP/OH/FinancialsGAAP earnings
PHParker-Hannifin CorpIndustrialsFree cash flow5
PHMPULTEGROUP INC/MI/IndustrialsFree cash flow2
PKGPACKAGING CORP OF AMERICAMaterialsFree cash flow33
PLDPrologis, Inc.Real estateFunds from operations52
PMPhilip Morris International Inc.StaplesFree cash flow10
PNCPNC FINANCIAL SERVICES GROUP, INC.FinancialsGAAP earnings
PNWPINNACLE WEST CAPITAL CORPUtilitiesGAAP earnings48
PPGPPG INDUSTRIES INCMaterialsFree cash flow22
PPLPPL CorpUtilitiesGAAP earnings38
PRUPRUDENTIAL FINANCIAL INCFinancialsGAAP earnings
PSAPublic StorageReal estateFunds from operations67
PSKYParamount Skydance CorpCommunicationsFree cash flow10
PSXPhillips 66EnergyOperating cash flow5
QCOMQUALCOMM INC/DETechnologyFree cash flow42
RCLROYAL CARIBBEAN CRUISES LTDIndustrialsFree cash flow54
RLRALPH LAUREN CORPConsumer discretionaryFree cash flow10
RMDRESMED INCHealth careFree cash flow4
ROKROCKWELL AUTOMATION, INCIndustrialsFree cash flow30
ROSTROSS STORES, INC.Consumer discretionaryFree cash flow7
RPMRPM INTERNATIONAL INC/DE/MaterialsFree cash flow11
RRCRANGE RESOURCES CORPEnergyFree cash flow7
RTXRTX CorpIndustrialsFree cash flow20
SAICScience Applications International CorpTechnologyFree cash flow8
SBACSBA COMMUNICATIONS CORPReal estateFunds from operations8
SBGISinclair, Inc.CommunicationsFree cash flow23
SBUXSTARBUCKS CORPConsumer discretionaryFree cash flow92
SCHWSCHWAB CHARLES CORPFinancialsGAAP earnings
SHENSHENANDOAH TELECOMMUNICATIONS CO/VA/Communications
SHWSHERWIN WILLIAMS COConsumer discretionaryFree cash flow8
SIRISIRIUS XM HOLDINGS INC.CommunicationsFree cash flow27
SJMJ M SMUCKER CoStaplesFree cash flow9
SLBSLB LIMITED/NVEnergyFree cash flow23
SOSOUTHERN COUtilitiesGAAP earnings44
SPGSIMON PROPERTY GROUP INC.Real estateFunds from operations46
SRESEMPRAUtilitiesGAAP earnings59
SSPE.W. SCRIPPS CoCommunicationsFree cash flow49
STAGSTAG Industrial, Inc.Real estateFunds from operations52
STESTERIS plcHealth careFree cash flow13
STLDSTEEL DYNAMICS INCMaterialsFree cash flow38
STMSTMicroelectronics N.V.TechnologyOperating cash flow185
STTSTATE STREET CORPFinancialsGAAP earnings
STZCONSTELLATION BRANDS, INC.StaplesFree cash flow13
SWKSTANLEY BLACK & DECKER, INC.IndustrialsFree cash flow73
SWXSouthwest Gas Holdings, Inc.UtilitiesGAAP earnings9
SYKSTRYKER CORPHealth careFree cash flow14
SYYSYSCO CORPStaplesFree cash flow20
TAT&T INC.CommunicationsFree cash flow22
TDSTELEPHONE & DATA SYSTEMS INC /DE/CommunicationsFree cash flow29
TFCTRUIST FINANCIAL CORPFinancialsGAAP earnings
TGTTARGET CORPConsumer discretionaryFree cash flow41
TJXTJX COMPANIES INC /DE/Consumer discretionaryFree cash flow11
TMOTHERMO FISHER SCIENTIFIC INC.IndustrialsFree cash flow2
TMUST-Mobile US, Inc.CommunicationsFree cash flow24
TPRTAPESTRY, INC.Consumer discretionaryFree cash flow6
TRGPTarga Resources Corp.UtilitiesGAAP earnings119
TRVTRAVELERS COMPANIES, INC.FinancialsGAAP earnings
TSCOTRACTOR SUPPLY CO /DE/Consumer discretionaryFree cash flow36
TSNTYSON FOODS, INC.StaplesFree cash flow114
TXNTEXAS INSTRUMENTS INCTechnologyFree cash flow122
UDRUDR, Inc.Real estateFunds from operations89
UGIUGI CORP /PA/UtilitiesGAAP earnings56
UNHUNITEDHEALTH GROUP INCHealth careFree cash flow26
UNPUNION PACIFIC CORPIndustrialsFree cash flow24
UPSUNITED PARCEL SERVICE INCIndustrialsFree cash flow49
USBUS BANCORP \DE\FinancialsGAAP earnings
VICIVICI PROPERTIES INC.Real estateFunds from operations6
VLOVALERO ENERGY CORP/TXEnergyFree cash flow36
VMCVulcan Materials COMaterialsFree cash flow10
VTRVentas, Inc.Real estateFunds from operations303
VTRSViatris IncHealth careFree cash flow5
VZVERIZON COMMUNICATIONS INCCommunicationsFree cash flow36
WABWESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPIndustrialsFree cash flow5
WECWEC ENERGY GROUP, INC.UtilitiesGAAP earnings40
WELLWELLTOWER INC.Real estateFunds from operations140
WFCWELLS FARGO & COMPANY/MNFinancialsGAAP earnings
WHRWHIRLPOOL CORP /DE/Consumer discretionaryFree cash flow307
WLKWESTLAKE CORPMaterials
WMWASTE MANAGEMENT INCIndustrialsFree cash flow27
WMBWILLIAMS COMPANIES, INC.UtilitiesGAAP earnings202
WMTWalmart Inc.Consumer discretionaryFree cash flow32
WPCW. P. Carey Inc.Real estateFunds from operations109
WSMWILLIAMS SONOMA INCConsumer discretionaryFree cash flow6
WTRGEssential Utilities, Inc.UtilitiesGAAP earnings24
WYWEYERHAEUSER COReal estateFunds from operations114
XELXCEL ENERGY INCUtilitiesGAAP earnings35
XOMEXXON MOBIL CORPEnergyFree cash flow40
XRXXerox Holdings CorpTechnologyFree cash flow5
XYLXylem Inc.IndustrialsFree cash flow11
YUMYUM BRANDS INCConsumer discretionaryFree cash flow12
ZBHZIMMER BIOMET HOLDINGS, INC.Health careFree cash flow16
ZTSZoetis Inc.Health careFree cash flow8