Does the dividend payout ratio tell you anything different from the information included in the computation for

Question:

Does the payout ratio tell you anything different from the information included in the computation for dividends per share?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...