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Groeneweg Corporation Has Provided the Following Data: Dividends on Common

question 271

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Groeneweg Corporation has provided the following data: Groeneweg Corporation has provided the following data: Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $9.45 per share. The company's dividend payout ratio for Year 2 is closest to: A) 8.7% B) 13.4% C) 4.5% D) 1.0% Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $9.45 per share. The company's dividend payout ratio for Year 2 is closest to:

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