Other Dividend Payment Policies On a year-to-year basis, however, these payout ratios vary substantially.
{"Image DocumentName": "Other Dividend Payment Policies", "Image ImageDescription": "On a year-to-year basis, however, these payout ratios vary substantially. For example, the aggregate payout ratio was about 62 percent during 1990, a recession year, and only about 36 percent during 1965, a year of relative prosperity. Because of the reluctance to reduce dividends, payout ratios tend to increase when profits are depressed and decrease as profits increase.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}