What is the payout ratio for bramble corp for the year ended

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Bramble Corp. had the following information in its financial statements for the years ended 2017 and 2018:

Cash dividends for the year 2018           $ 9600

Net income for the year ended 2018         80000

Market price of stock, 12/31/17                    8

Market price of stock, 12/31/18                 10

Common stockholders' equity, 12/31/17      992000

Common stockholders' equity, 12/31/18    1198000

Outstanding shares, 12/31/18                    99100

Preferred dividends for the year ended 2018  16000

Question 1: What is the payout ratio for Bramble Corp. for the year ended 2018?

Option 1: 12.0%

Option 2: 15.0%

Option 3: 28.6%

Option 4: 21.1%

Reference no: EM132588454

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