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', J's dividend payout ratio was 0.22, demonstrating the portion of earnings distributed as dividends. Industry average for Military/Government/Technical in '2021' stood at 0.50.
• In '2022', J's dividend payout ratio was 0.20, demonstrating the portion of earnings distributed as dividends. Industry average for Military/Government/Technical in '2022' stood at 0.34. Industry average declined by 0.16 from previous year.
• In '2023', J's dividend payout ratio was 0.19, demonstrating the portion of earnings distributed as dividends. Industry average for Military/Government/Technical in '2023' stood at 0.43. Industry average increased by 0.09 compared to previous year.
• In '2024', J's dividend payout ratio was 0.18, demonstrating the portion of earnings distributed as dividends. Industry average for Military/Government/Technical in '2024' stood at 0.45. Industry average increased by 0.01 compared to previous year.
Overall, J's dividend payout ratio has consistently declined during the past 4 years.

Formula: Dividend Payout Ratio = Dividends / Net Income

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