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Dividend Ratio Company M Company B Company C Earnings per share 10.00 25.00 (64) Market value of share 20.00 (61) 80.00 Dividends per share

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Dividend Ratio Company M Company B Company C Earnings per share 10.00 25.00 (64) Market value of share 20.00 (61) 80.00 Dividends per share 5.00 5.00 (65) Dividend payout (58) (62) 60% Dividend yield (59) (63) 10% Price-earnings ratio (60) 3 times (66)

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