Brooks Sporting Inc. is prepared to report the following $2021$ income statement $($shown in thousands of dollars$).$

Prior to reporting this income statement, the company wants to determine its annual dividend. The company has $390,000$ shares of common stock outstanding, and its stock trades at $$54$ per share.

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b$.$ If the company maintains this $45\%$ payout ratio, what will be the current dividend yield on the company's stock? Do not round intermediate calculations. Round your answer to two decimal places.

$\%$

nearest cent.

$

round intermediate calculations. Round your answer to two decimal places.

$\%$

would it make more sense for the company to maintain a constant dividend payout ratio or to maintain the same per$-$share dividend?

I. Since the company would like to avoid transactions costs involved in issuing new equity, it would be best for the firm to maintain a constant dividend payout ratio.

II$.$ Since the company would like to avoid transactions costs involved in issuing new equity, it would be best for the firm to maintain the same per$-$share dividend.