Simpson Enegery earned 3 million in net income in the last year and for the first timr ever paid its common stock holders a cash dividend of 0.12 per share. the firm has 10 million shares outstanding. What was Simpons dividend payout ratio?

DOORLI IS-I (UUURSUL is common des ac i dend of $0.12 The firm has 10 milions ding. What was Sopom Dividend payout ratio) Smoon Energy caned 3 milionin e income last year and for the time ever dividend payout ratio? Bpson's dividend payout ratio wa X (Round to two decimal p es)