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Morgan Stanley Investors Advisory LLP boosted Deutsche Bank AG AG's dividend payout ratio from 22 percent to 34 percent after Deutsche signaled progress toward reversing downward revisions for 2013 earnings before interest, taxes and depreciation (EBITDA).

Morgan Stanley Investors Advisory LLP slashed Deutsche Bank's payout ratio from 52 percent to 44 percent after Deutsche signaled progress toward reversing downward revisions for 2013 earnings before interest, taxes and depreciation (EBITDA). Deutsche lowered earnings