Dennis Company reported a net income of $550,000 for the year. During the year, the company had an average of 200,000 common shares outstanding. All the dividends declared were paid by the end of the year, including $3.60 per share on its common stock. At the end of the year, the companys common stock is selling at $62 per share. What was the company's dividend yield ratio?

• 38%

• 3.6%

• 2.6%

• 5.8%