During 1995, GMP paid an annual dividend of $2.12 per share of common stock, consistent with its stated dividend policy and its commitment to current shareholders. The dividend payout ratio declined slightly, from 95 percent to 94 percent of earnings.
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Dividends Paid/Earnings Per Share |
The company has a dividend policy to maintain the current level of its dividend payment, while increasing earnings to reduce the payout ratio to about 75 percent of consolidated earnings. |
