Blitzen Corporation had net income of $500,000 and paid dividends to common stockholders of $40,000 in 2020 . The weighted average number of shares outstanding in 2020 was 60,000 shares. Blitzen Corporation's common stock is selling for $50 per share on the New York Stock Exchange. Blitzen Corporation's payout ratio for 2020 is 8.33 per share 8% 12% 16%