Reference no: EM132588454
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%