The aim of this study is to find out the determinants of target dividend payout ratio of BIST-listed firms operating in the non-metallic products (cement) manufacturing industry in the period of 2002-2012. Through this aim. the short and long-run effects of factors related to profitability. liquidity. https://www.bekindtopets.com/flash-grab-Viqua-F4-Ultraviolet-Water-System-Powered-by-UVMax-36-gpm-top-savings/