High dividend payout ratio means having less funds available to finance the growth of the company. (myfinancekits.com)
A high dividend cover may suggest that the company is retaining a higher portion of its earnings to meet its financing requirements which may result in higher dividend payouts in the future. (accounting-simplified.com)
Some examples of defensive sectors include utility, pipeline, pharmaceutical stocks as well as stocks with high dividend payouts. (thedigeratilife.com)