ch.15 question8

Last year Williams Corp. reported net income of $2,090,150 on sales of $18,500,000 and had 985,000 shares of stock outstanding. The company had a 50% dividend payout ratio. What was the company's dividend per share last year? B $0.79 $0.99 $1.06 D) $1.29 (E) $1.75

Last year Williams Corp. reported net income of $2,090,150 on sales of $18,500,000 and had 985,000 shares of stock outstanding The company had a 50% dividend poyout ratio. What was the company's dividend per share last year? (D) 51.29 (E) $1.75