(Answered) Question handy and harman a leading fabricator of precious

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Question: Handy and Harman, a leading fabricator of precious metal alloys, pays out only 23% of its earnings as dividends. The average dividend payout ratio for metal fabricating firms is 45%. The average growth rate in earnings for the entire sector is 10% (Handy and Harman is expected to grow 23%). Should Handy and Harman pay more in dividends just to get closer to the average payout ratio? Why or why not?

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