What is the companys expected dividend payout ratio


Warrenton Utility expects to have net income of $5 billion this year. The company has an estimated capital budget of $4 billion, and its capital structure consists of 65 percent common equity and 35 percent debt. If the company follows a strict residual dividend policy, what is the company's expected dividend payout ratio?

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Finance Basics: What is the companys expected dividend payout ratio
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