MARKETS SPECTATOR: Spending like an Aristocrat

Aristocrat Leisure has excited investors by increasing its target payout ratio.

Aristocrat Leisure, the maker and seller of gaming machines, says it has raised its target payout ratio to 80 per cent from 60 per cent.

“The new policy demonstrates the board’s commitment to disciplined capital management and willingness to distribute capital to shareholders in the most efficient manner,” Aristocrat said in an ASX statement today.

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