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Benson Co., an all-equity firm, just reported EPS of $5.00 per share for 2020. Due to the economic downturn, it decided to cut its dividend

Benson Co., an all-equity firm, just reported EPS of $5.00 per share for 2020. Due to the economic downturn, it decided to cut its dividend payout ratio to 20% this year and also for next two years. B...

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