Sheridan Corporation had the following information in its financial statements for the year ended $2025$ and $2026$ :

Common cash dividends for the year $2026,$$$21000$

Net income for the year $2026$

$125000$

Market price of stock, $12/31/26$

$24$

Common stockholders' equity, $12/31/252110000$

Common stockholders' equity, $12/31/262650000$

Outstanding shares, $12/31/26$

$150000$

Preferred dividends for the year $2026,31100$

What is the payout ratio for Sheridan Corporation for the year ended $\frac{12}{31}\frac{?}{2026}$