Ratios generous to a fault

By Marcus Padley
Updated September 20 2013 - 11:10am, first published September 4 2013 - 4:25am
 
 

There's been talk recently about how unsustainable dividend payout ratios have become. This results season they hit 70 per cent, beaten only by the 72 per cent struck during the 1992 recession. As now, the 1992 ratio was probably not the result of generous dividend payments, but a function of the pitiful level of earnings in the recession.

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