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Can someone help me answer this question? Thank you very much in advance. Certain industries such as utilities are known for generally high dividend payout

Can someone help me answer this question? Thank you very much in advance.

Certain industries such as utilities are known for generally high dividend payout ratios, whereas other industries exhibit generally low or no dividend payout ratios. Why might that be? What does a company's dividend policy say about management's view of the company?

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