P Co's Earnings Per Share Ratios Were $1

P Co's earnings per share ratios were $1.31 and $1.36 respectively for 20X2 and 20X1. P Co's share was trading at $40 7/16 in 20X2 and $34 11/16 in 20X1. They paid cash dividends of $.515 per share in 20X2 and $.46 per share in 20X1. Total shareholders' equity was $6,401 million and $6,936 million in 20X2 and 20011 respectively. The common shares outstanding were approximately 1,519,000,000 and 1,570,000,000 in 20X2 and 20X1 respectively.
-Calculate P Co's dividend payout for 20X2 and 20X1 respectively.

A) 38.6% and 34.5%
B) 39.3% and 33.8%
C) 1.3% and 1.3%
D) 3.5% and 3.6%