Parker-Hannifin: Turning Into An Acquisition Machine (NYSE:PH)

Telstra fined $12 mln by Australia competition watchdog over internet speed claims Source link

I’m trying to improve my understanding of company financials. How can a company payout all of it’s net profit (& more!) as dividends (payout ratio > 100) and still increase shareholders equity? I notice the number of shares is increasing (“shares outstand”), but “other income” is (almost) zero, so it can’t be capital raising, right?…