Back in May, when ANZ Banking Group (ASX:ANZ) cut its dividend and flagged a lower dividend payout ratio, it was a strong signal that bank investors should not count on an unending stream of rising dividends. As dividend payments – and, more precisely, the dividend payout ratio – is a topic close to most retail investors’ hearts I thought it would be timely to take a closer look at what the future holds. There has been a lot written about whether the major banks have the ability to maintain their high dividend payout ratios in the face of the increase in regulatory capital requirements. In the article below, I address this question.