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', HBI's dividend payout ratio was 2.71, demonstrating the portion of earnings distributed as dividends. Industry average for Clothing/Shoe/Accessory Stores in '2021' stood at 1.70.
• In '2022', HBI's dividend payout ratio was 8.38, demonstrating the portion of earnings distributed as dividends. Industry average for Clothing/Shoe/Accessory Stores in '2022' stood at 1.07. Industry average declined by 0.63 from previous year.
• In '2023', HBI's dividend payout ratio was 1.44, demonstrating the portion of earnings distributed as dividends. Industry average for Clothing/Shoe/Accessory Stores in '2023' stood at 0.92. Industry average declined by 0.15 from previous year.
• In '2024', HBI's dividend payout ratio was 0.00, demonstrating the portion of earnings distributed as dividends. Industry average for Clothing/Shoe/Accessory Stores in '2024' stood at 0.41. Industry average declined by 0.51 from previous year.
Overall, HBI'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.