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', TECH's dividend payout ratio was 0.35, demonstrating the portion of earnings distributed as dividends. Industry average for Biotechnology: Biological Products (No Diagnostic Substances) in '2021' stood at 0.16.
• In '2022', TECH's dividend payout ratio was 0.24, demonstrating the portion of earnings distributed as dividends. Industry average for Biotechnology: Biological Products (No Diagnostic Substances) in '2022' stood at 0.16. Industry average declined by 0.00 from previous year.
• In '2023', TECH's dividend payout ratio was 0.18, demonstrating the portion of earnings distributed as dividends. Industry average for Biotechnology: Biological Products (No Diagnostic Substances) in '2023' stood at 0.16. Industry average increased by 0.00 compared to previous year.
• In '2024', TECH's dividend payout ratio was 0.22, demonstrating the portion of earnings distributed as dividends. Industry average for Biotechnology: Biological Products (No Diagnostic Substances) in '2024' stood at 0.26. Industry average increased by 0.10 compared to previous year.
Overall, TECH'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.