{"slug":"dividend-payout-ratio","qid":"payout_distribution","label":"US dividend payers by payout-ratio band: $1B+ market cap, $5+ share price","post_title":"Dividend Payout Ratio: How to Calculate It","post_url":"/blog/dividend-payout-ratio#q-payout_distribution","columns":["payout_band","companies","median_yield_pct"],"rows":[{"payout_band":"under 30%","companies":466,"median_yield_pct":0.79},{"payout_band":"30% to 60%","companies":338,"median_yield_pct":2.4},{"payout_band":"60% to 100%","companies":158,"median_yield_pct":3.5},{"payout_band":"over 100%","companies":187,"median_yield_pct":4.44}],"shape":"ranking","sql":"SELECT multiIf(payout_pct < 30, 'under 30%',\n               payout_pct < 60, '30% to 60%',\n               payout_pct < 100, '60% to 100%',\n               'over 100%') AS payout_band,\n       count() AS companies,\n       round(quantileDeterministic(0.5)(yield_pct, cityHash64(ticker)), 2) AS median_yield_pct\nFROM (\n    SELECT ticker,\n           dividend_yield * price / earnings_per_share * 100 AS payout_pct,\n           dividend_yield * 100 AS yield_pct\n    FROM global_markets.stocks_ratios\n    WHERE date = (SELECT max(date) FROM global_markets.stocks_ratios)\n      AND price >= 5\n      AND market_cap >= 1000000000\n      AND dividend_yield > 0\n      AND earnings_per_share > 0\n)\nGROUP BY payout_band\nORDER BY min(payout_pct)","computed_at":"2026-08-22T04:04:25.587487+00:00","elapsed":0.023913662}