Orion Corp.'s financial data for 2019 and 2018 included the following: Required: Calculate Orion's dividend payout ratio
Question:
Orion Corp.'s financial data for 2019 and 2018 included the following:
Required:
Calculate Orion's dividend payout ratio for 2019?
Transcribed Image Text:
2019 2018 Net income $120,000 $135,000 Cash dividends paid on common stock Market price per share of common stock at the end of the year Shares of common stock outstanding 19.00 150,000 17.00 150,000
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