Handy and Harman, a leading fabricator of precious metal alloys, pays out only 23%

of its earnings as dividends. The average dividend payout ratio for metal fabricating firms is 45%. The average growth rate in earnings for the entire sector is 10% (Handy and Harman is expected to grow 23%). Should Handy and Harman pay more in dividends just to get closer to the average payout ratio? Why or why not?