Against weaker sales and earnings, the payout ratio has increased to 49 % from the five - year average of 35 % of earnings.
Not exact matches
In addition to the battle for control, which has pitted Dauman
against 93 - year - old controlling shareholder Sumner Redstone and his daughter Shari, the company said that advertising
sales have been
weak, and they are expected to be down by 4 % for the quarter.
However, post-Brexit sterling was sharply
weaker against the dollar, and this will cause price increases that will likely cause downward pressure on fourth - quarter
sales in the U.K.
Harvey agrees with Keely that the industry is facing numerous headwinds including drought,
weaker - than - anticipated
sales in China, sanctions
against Russia and increased supply in Europe, particularly Ireland and the Netherlands, as quotas are removed.
Arguably, by investing now when the dollar is strong I am also exposed to the risk of the dollar depreciating
against the Euro, but a
weaker dollar would mean higher
sales in dollar terms, which would compensate in large measure for any loss of value from a
weaker currency: it's a case of swings and roundabouts.