Question
The following information is available for Stone Corporation: Net income $8,726,000 Basic earnings per share of...
The following information is available for Stone Corporation:
|
Net income |
$8,726,000 |
|
Basic earnings per share of common stock |
$ 2.45 |
|
Diluted earnings per share of common stock |
$ 2.39 |
|
Market price per share of common stock |
$42.00 |
|
Dividends per common share |
$0.65 |
What is the dividend payout ratio on common stock?
| a. |
1.5% |
|
| b. |
17.6% |
|
| c. |
17.1 |
|
| d. |
17.6 |
|
| e. |
27.2% |
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