DVY - Picking Dividend Stocks: Payout Ratio Vs. Altman Z-Score November, 09 2020 02:00 PM iShares Select Dividend ETF The payout ratio is one of the most used factors in dividend analysis. The Altman Z-score is a bankruptcy risk metric. I compare them in a dividend stock universe. For further details see: Picking Dividend Stocks: Payout Ratio Vs. Altman Z-Score