Dooley Corporation had net income of $200,000 and paid dividends to ordinary shareholders of $40,000 in 2020. The weighted average number of shares outstanding in 2020 was 50,000 shares. Dooley Corporation's ordinary shares are selling for $30 per share on the New York Stock Exchange. Dooley Corporation's payout ratio for 2020 is 20%. 10%. $4 per share. 25%.