06-01-2015, 04:13 PM
I totally agree that the payout ratio can lead due-diligence astray. I actually created a thread called "My Beef w/ Payout." I did find the association between p/e and payout interesting and had to hypothesize and experiment. It wasn't the pot of gold I was hoping, but it is helping me tackle the energy and financial sectors, (I find these sectors hard to analyze).