Dividend Growth Baselines Dividend Growth Rates In my Addendum to
Dividend Growth Rates, I wrote: «I examined the single -
year payout ratio [D / E], the average of five
years of single -
year payout ratios [Average (D / E)-RSB- and the ratio of the average of five
years of
dividends to the average of five
years of earnings [Average (D) / Average (E)-RSB-.