Dividend Yield Ratio, Dividend Payout Ratio

Rebert Inc. showed the following balances for last year:

	January 1		December 31
Stockholders' equity:
Preferred stock, $100 par, 8%	$ 4,000,000		$ 4,000,000
Common stock, $3 par	3,000,000		3,000,000
Additional paid-in capital*	4,800,000		4,800,000
Retained earnings	4,000,000		4,250,000
Total stockholders' equity	$15,800,000		$16,050,000
* For common stock only.

Rebert's net income for last year was $3,182,000.

Also, assume that the dividends paid to common stockholders for last year were $2,600,000 and that the market price per share of common stock is $51.50.

Required:

1. Compute the dividends per share. Round to two decimal places. $ per share

2. Compute the dividend yield. Round to the nearest whole percent. %

3. Compute the dividend payout ratio. Round to two decimal places.