Ratio Analysis

Consider the following information taken from the stockholders' equity section:

	(dollar amount in thousands)
	2024			2023
Preferred stock	$1,000			$2,000
Common stock, 230,000,000 and 176,000,000 shares issued in 2024 and 2023, respectively	2,300			1,760
Additional paid-in capitalcommon stock	567,000			432,000
Retained earnings	4,604,600			3,700,000
Accumulated other comprehensive (loss) income	(454,600)			147,000
Treasury stock (37,000,000 and 19,000,000 shares in 2024 and 2023, respectively) at cost	(1,750,000)			(975,000)
Total stockholders' equity	$2,970,300			$3,307,760

Additional Information (all numbers in thousands other than per-share information):	2024
Weighted average common shares outstanding	204,000
Price per share at year end	$ 65.31
Net income	$1,224,600
Preferred dividends	$65,000
Common dividends	$255,000
Common dividends per share	$1.42
Stock repurchases	$775,000

Required:

1. Calculate the following for 2024: Round your answers to two decimal places.

Stockholder Payout:
Dividend yield	blank	%
Dividend payout	blank	%
Total payout	blank	%
Stock repurchase payout	blank	%
Stockholder Profitability:
Return on common equity	blank	%
EPS	blank	per share

2. Conceptual Connection:

Assume 2023 ratios were:

Stockholder Payout	Stockholder Profitability
Dividend yield: 2.31%	Return on common equity: 37.41%
Dividend payout: 13.65%	EPS: $6.12
Total payout: 78.59%
Stock repurchase payout: 64.94%

And the current year industry averages are:

Stockholder Payout	Stockholder Profitability
Dividend yield: 2.50%	Return on common equity: 44.44%
Dividend payout: 15.10%	EPS: $6.48
Total payout: 55.10%
Stock repurchase payout: 40.00%