Sperle Corporation Has Provided the Following Data Concerning Its Stockholders

question 127

Multiple Choice

Sperle Corporation has provided the following data concerning its stockholders' equity accounts:
Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.
-The company's dividend payout ratio for Year 2 is closest to:

• A) 1.6%
• B) 21.1%
• C) 2.6%
• D) 14.7%

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Definitions:

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Anxiety Disorder

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Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple areas of life, leading to distress for the individual.