
- UID
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- 2011-7-11
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- 2016-4-21
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Sorry, I still don’t get it. If the growth rate in dividends is constant (3.5%), the growth rate in earnings is not known so we don’t know if the payout ratio is the same (i.e. D1/E1 = D0/E0). I’m probably missing something obvious here. |
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