What is the payout ratio for Concord Corporation

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Question - Concord Corporation had the following information in its financial statements for the year ended 2017 and 2018:

Common cash dividends for the year 2018 $ 18500

Net income for the year ended 2018 133000

Market price of stock, 12/31/18 25

Common stockholders' equity, 12/31/17 2300000

Common stockholders' equity, 12/31/18 2780000

Outstanding shares, 12/31/18 148700

Preferred dividends for the year ended 2018 31300

Required - What is the payout ratio for Concord Corporation for the year ended 2018?

a) 13.9%

b) 36.7%

c) 21.3%

d) 18.2%

Reference no: EM132592408

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