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The following information relates to the company Net Income $100,000 Preferred stock dividends $5,000 Average Common Stockholder's Equity $2,100,000 Dividend Per Common Share $1.50 Earnings
The following information relates to the company
Net Income $100,000
Preferred stock dividends $5,000
Average Common Stockholder's Equity $2,100,000
Dividend Per Common Share $1.50
Earnings Per Share $3.00
Market price per common share, year-end $30.00
Calculate the company's dividend payout.
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