Question $13$

XYZ co$.$ has declared and paid a dividend of $$0\mathrm{.}66$ per share of common stock. The company does not have any preferred stock outstanding.

Common stock $(10,000$ shares, $$25$ issue price$)$: $$250,000,$ Earnings available to common shareholders: $$20,000.$ What is dividend pay out ratio.

$33\%$

$23\%$

$25\%$

$35\%$