I am evaluating your website and considering subscribing. The question I have is "How do you calculate Payout Ratio?"
The calculation is broken out here: https://seekingalpha.com/symbol/JNJ/dividends/dividend-safety
Annual Dividends Per Share (FWD) / Annual Non-GAAP EPS (FWD)When estimates are not available TTM data is used.
For REITs , funds from operations are used instead of EPS.
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