Groeneweg Corporation Has Provided the Following Data: Dividends on Common

question 201

Multiple Choice

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%

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