Around the world, utilities generally have the highest dividend payouts of any industry, yet they also tend

Question:

Around the world, utilities generally have the highest payouts of any industry, yet they also tend to have massive investment programs which they finance using external sources. How do you reconcile high payouts and large-scale security issuance?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...