GLOSSARY

FCF payout ratio

IN PLAIN ENGLISH

Dividends paid ÷ free cash flow: the share of spare cash handed to shareholders.

WHERE YOU MEET IT

Not shown. The Cash Flow figure in a holding's detail is its kinder cousin, using operating cash flow before capital spending.

WATCH OUT FOR

Above 100%, that year's dividend came from savings, borrowing or selling assets.

EXPLAINED IN

Earnings-based vs cash-based payout ratios

Educational content only. It is not personal financial advice.