Dividend Payout Ratio Smith & Sons, Inc., disclosed the following information in a recent annual report 2015 2016 Net Income $136,500 $214,500 Preferred stock dividends 11,700 11,700 Average common stockholders' equity 4,080,000 5,100,000 Dividend per common share 4.68 4.68 Earnings per share 6.46 6.97 Market price per common share, year-end 66.30 71.40 Calculate the dividend payout for Smith & Sons for 2015 and 2016. Round answers to one decimal place. (Ex. 0.2345 = 23.5%) 2015 0 % 2016 0 % Did the dividend payout increase from 2015 to 2016? The dividend payout from 2015 to 2016