equity weight X capital budget = dividend payout作者: DSquaredSlim 时间: 2011-7-11 19:48
This would only happen if I am not willing to reinvest my earnings into the firm again.作者: xilige 时间: 2011-7-11 19:48
Its Earnings - (equity weight*cap budget), its the theoretical amount that can be paid out from earnings attributed to equity capital invested in the most recent capital budget, hence "residual payout" hope that helps
