Blackrock Muniholdings New York Quality Fund(Mhn) Financials: Dividend Payout Ratio Compared To Industry Average, Plus Other Key Ratios
Valuation Trend (Last 5 Years)
Valuation - dividend payout ratio
This chart shows the historical trend of dividend payout ratio for MHN compared to its industry average over the recent years.
Ratio Definition and Interpretation
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 '2020', MHN's dividend payout ratio was 3.26, demonstrating the portion of earnings distributed as dividends. Industry average for Investment Bankers/Brokers/Service in '2020' stood at 1.85.
• In '2021', MHN's dividend payout ratio was 1.08, demonstrating the portion of earnings distributed as dividends. Industry average for Investment Bankers/Brokers/Service in '2021' stood at 0.76. Industry average declined by 1.08 from previous year.
• In '2023', MHN's dividend payout ratio was 7.89, demonstrating the portion of earnings distributed as dividends. Industry average for Investment Bankers/Brokers/Service in '2023' stood at 0.87. Industry average increased by 0.11 compared to previous year.
• In '2024', MHN's dividend payout ratio was 2.47, demonstrating the portion of earnings distributed as dividends. Industry average for Investment Bankers/Brokers/Service in '2024' stood at 1.05. Industry average increased by 0.18 compared to previous year.
Overall, MHN'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.