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To: rnsmth who wrote (1526)12/8/2021 1:37:32 AM
From: Dave the wildpitcher  Read Replies (1) | Respond to of 2146
 
I'm not saying that using relative yield for valuation is bad, I'm just saying one has to be careful when the payout ratio is rising. A rising payout ratio makes the yield higher for a given level of earnings, making the valuation look better.

It's just math. I'm not trying to be critical.

Dave