Pluto Corporation Limited declared and paid a dividend amounting to $550,000 during the year. Profit for the year was $820,000. The dividend payout rate for this company was:

Question

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The dividend payout is measured by the ratio of total ordinary cash dividends declared to Profit. The dividend payout rate is ($550,000/820,000) = 0.67 or 67.07%

Pluto Corporation Limited Declared and Paid a Dividend Amounting to $550,000