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Answered: - Delatrinidad Corporation's net income last year was $


Delatrinidad Corporation's net income last year was $7,739,000. The dividend on common stock was $12.8 per share and the dividend on preferred stock was $2.9 per share. The market price of common stock at the end of the year was $53.6 per share. Throughout the year, 420,000 shares of common stock and 210,000 shares of preferred stock were outstanding. The dividend payout ratio is closest to:


Shares

 

Dividend

 

Total dividend

 

Total dividends

 

Net income

 

Dividend payout

 


 

Common Preferred

 

420000 210000

 

12.8

 

2.9

 

5376000 609000

 

5985000

 

7739000

 

77.34%

 


 

 


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