Same year, two payout ratios: earnings basis against cash basis (illustrative, percent)

Name: Same year, two payout ratios: earnings basis against cash basis (illustrative, percent)
Creator: Strasmore
Published: 2026-08-07
License: https://www.strasmore.com/terms/

Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-07, from Is a Dividend Safe? Free Cash Flow Test.

as of 2026-08-07 ranking 2×2read in context →

Same year, two payout ratios: earnings basis against cash basis (illustrative, percent) — 2 rows by 2 columns, computed 2026-08-07 from US exchange, SIP and OPRA data.
ratio_basis	payout_pct
Dividends over net income	80
Dividends over free cash flow	213

Rows × columns: 2 × 2
Computed: 2026-08-07
Completeness: No missing values
Source: US exchange, SIP and OPRA market data
Licence: Strasmore terms · free, no signup
Formats: JSON · CSV · the SQL below

What each column holds

Column definitions for Same year, two payout ratios: earnings basis against cash basis (illustrative, percent), derived from the stored result.
Column	Type	Range	Notes
`ratio_basis`	text	2 distinct values
`payout_pct`	number	80 to 213	percent

Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on 2026-08-07, and the query below is what returned them.

the exact SQL behind every number

SELECT
    ratio_basis,
    ROUND(100.0 * dividends_usd_mm / denominator_usd_mm) AS payout_pct
FROM
(
    SELECT 'Dividends over net income' AS ratio_basis, 320 AS dividends_usd_mm, 400 AS denominator_usd_mm, 1 AS ratio_order
    UNION ALL
    SELECT 'Dividends over free cash flow', 320, 600 - 450, 2
)
ORDER BY ratio_order

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