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Cornerstone Exercise 10-38 (Algorithmic) Stockholder Payout Ratios The following information pertains to Guzzanti Enterprises: Net income $46,000 Dividends per common share $1.50 Common shares 1,000

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Cornerstone Exercise 10-38 (Algorithmic) Stockholder Payout Ratios The following information pertains to Guzzanti Enterprises: Net income $46,000 Dividends per common share $1.50 Common shares 1,000 Purchases of treasury stock $3,700 Common share price $37 Calculate the dividend yield, dividend payout, and total payout. Round your answers to two decimal places. Dividend yield % Dividend payout % Total payout %

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