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Payout ratio and dividend action by yield band: US payers over $2B, latest snapshot

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 2026-08-22, from Highest Dividend Yield US Stocks in 2026.

as of table 4×6read in context →
Payout ratio and dividend action by yield band: US payers over $2B, latest snapshot — 4 rows by 6 columns, computed from US exchange, SIP and OPRA data.
yield_bandcompaniesmedian_yield_pctmedian_payout_ratiopct_paid_less_than_year_beforepct_paid_more_than_year_before
under 2.5%5831.17267.476.8
2.5-5%2873.35608.474.9
5-8%795.8211812.763.3
8% and up3010.2111536.733.3
Rows × columns
4 × 6
Computed
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 Payout ratio and dividend action by yield band: US payers over $2B, latest snapshot, derived from the stored result.
ColumnTypeRangeNotes
yield_band text 4 distinct values (2.5-5%, 5-8%, 8% and up…)
companies number 30 to 583
median_yield_pct number 1.17 to 10.21 percent
median_payout_ratio number 26 to 118 ratio or rate
pct_paid_less_than_year_before number 7.4 to 36.7 percent
pct_paid_more_than_year_before number 33.3 to 76.8 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 , and the query below is what returned them.

the exact SQL behind every number
WITH snapshot AS (
    SELECT ticker,
           toFloat64(dividend_yield) * 100 AS yield_pct,
           toFloat64(dividend_yield) * toFloat64(price) AS annual_dividend,
           toFloat64(earnings_per_share) AS eps
    FROM global_markets.stocks_ratios
    WHERE date = (SELECT max(date) FROM global_markets.stocks_ratios)
      AND price >= 5
      AND market_cap >= 2000000000
      AND dividend_yield > 0
      AND earnings_per_share IS NOT NULL
),
payments AS (
    SELECT ticker,
           sumIf(toFloat64(cash_amount), ex_dividend_date > today() - INTERVAL 1 YEAR) AS ttm_paid,
           sumIf(toFloat64(cash_amount), ex_dividend_date <= today() - INTERVAL 1 YEAR
                 AND ex_dividend_date > today() - INTERVAL 2 YEAR) AS prior_paid
    FROM global_markets.stocks_dividends
    WHERE distribution_type = 'recurring'
      AND cash_amount > 0
      AND ex_dividend_date > today() - INTERVAL 2 YEAR
      AND ex_dividend_date <= today()
    GROUP BY ticker
    HAVING ttm_paid > 0 AND prior_paid > 0
)
SELECT multiIf(s.yield_pct >= 8, '8% and up',
               s.yield_pct >= 5, '5-8%',
               s.yield_pct >= 2.5, '2.5-5%',
               'under 2.5%') AS yield_band,
       count() AS companies,
       round(quantileDeterministic(0.5)(s.yield_pct, cityHash64(s.ticker)), 2) AS median_yield_pct,
       round(quantileDeterministicIf(0.5)(s.annual_dividend / s.eps * 100,
                                          cityHash64(s.ticker), s.eps > 0), 0) AS median_payout_ratio,
       round(100 * countIf(p.ttm_paid < p.prior_paid * 0.99) / count(), 1) AS pct_paid_less_than_year_before,
       round(100 * countIf(p.ttm_paid > p.prior_paid * 1.01) / count(), 1) AS pct_paid_more_than_year_before
FROM snapshot AS s
INNER JOIN payments AS p ON s.ticker = p.ticker
GROUP BY yield_band
HAVING countIf(s.eps > 0) > 0
ORDER BY median_yield_pct

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