Compute the dividend payout ratio

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Reference no: EM13938883

STOCKHOLDER RATIOS

Presented below are selected data from the financial statements of Debonair Corp. for 2009 and 2008.

	2009	2008
Net income	$110,000	$123,000
Cash dividends paid on common stock	42,000	38,000
Market price per share of common
stock at the end of the year	16.00	13.00
Shares of common stock outstanding	140,000	140,000

Required:

Calculate the dividend payout ratio for 2009.

Reference no: EM13938883

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