Bronson, Inc. has eamings per share of $2.30 per share for the current year. The company also paid a $0.70 per share dividend to common stockholders. The market price at the end the end of the year is $9.50 per share of common stock. Calculate the dividend payout for common stock. (Round your answer to two decimal places.)

Bronson, Inc. has eamings per share of $2.30 per share for the current year. The company also paid a $0.70 per share dividend to common stockholders. The market price at the end the end of the year is $9.50 per share of common stock. Calculate the dividend payout for common stock. (Round your answer to two decimal places.) A. 31.58% B. 30.43% C. 7.37% D. 24.21%