Name: Dividend Payout Ratio

Definition: The dividend payout ratio shows what portion of the company’s profits are paid out to shareholders as dividends. If it’s 60%, that means 60% goes to shareholders, while 40% is kept inside the business for future growth. High payout ratios reward shareholders today. Lower payout ratios suggest the company believes it can earn even more by reinvesting in itself.

Interpretation:
• In '2021', BRCC's dividend payout ratio was 0.51, demonstrating the portion of earnings distributed as dividends. Industry average for Beverages (Production/Distribution) in '2021' stood at 0.51.
• In '2022', BRCC's dividend payout ratio was 1.39, demonstrating the portion of earnings distributed as dividends. Industry average for Beverages (Production/Distribution) in '2022' stood at 0.61. Industry average increased by 0.10 compared to previous year.
• In '2023', BRCC's dividend payout ratio was 1.28, demonstrating the portion of earnings distributed as dividends. Industry average for Beverages (Production/Distribution) in '2023' stood at 0.71. Industry average increased by 0.10 compared to previous year.
• In '2024', BRCC's dividend payout ratio was 0.00, demonstrating the portion of earnings distributed as dividends. Industry average for Beverages (Production/Distribution) in '2024' stood at 0.90. Industry average increased by 0.19 compared to previous year.
Overall, BRCC's dividend payout ratio has been volatile but showed a downward trend over the past 4 years.

Formula: Dividend Payout Ratio = Dividends / Net Income

Good Range: Ranges widely; 30%-60% common for mature firms.