Fred Manufacturing Company pays an annual dividend of $0.65 per share, has earnings per share of $2.50, and sells for $35 a share. What is this firm's dividend payout ratio?
A) 18 percent
B) 25 percent
C) 28 percent
D) 26 percent
E) 32 percent
Payout ratio = $.65/$2.50 = 26 percent
Correct Answer:
Verified
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