Cornerstone Exercise 10-38 Stockholder Payout Ratios The following information pertains to Milo Mindbender Corporation: Net income $123,000 Dividends per common share $2.00 Common shares 12,000 Purchases of treasury stock $85,000 Common share price $20 Required: Calculate the dividend yield, dividend payout, and total payout. (Note: Round answers to two decimal places.) Dividend yield 10 % Dividend payout 19.51 % Total payout 0.51 X %