BVI Corporation had net income of $1,600,000 and paid dividends to common stockholders of $320,000 in 2022.The weighted-average number of shares outstanding in 2022 was 500,000 shares.BVI Corporation's common stock is selling for $50 per share on the NASDAQ.BVI Corporation's payout ratio for 2022 is

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The payout ratio is calculated as the dividends paid divided by the net income. For BVI Corporation, the payout ratio is $320,000 / $1,600,000 = 0.20 or 20%.

BVI Corporation Had Net Income of $1,600,000 and Paid Dividends