Used the following information to answer Questions.XYZ Ltd is listed on the London Stock Exchange. On 30th June the market price for each its one million shares was £2.50. The company's profit after tax was £600,000 and the directors had paid dividends of 40 pence per share.
-The dividend payout ratio is closest to:
A) 33.3%
B) 60%
C) 65%
D) 66.7%

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