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Posted on Jul 20, 2024

Simpson Energy earned $2.1 million in net income last year and for the first time ever paid its common stockholders a cash dividend of $0.18

Simpson Energy earned $2.1 million in net income last year and for the first time ever paid its common stockholders a cash dividend of $0.18 per share. The firm has 9.2 million shares outstanding. What was Simpson's dividend payout ratio?

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