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Turner Corporation had the following information in its financial statements for the year ended 2014 and 2015 Cash Dividends 2015 - $15,000 Net Income for

Turner Corporation had the following information in its financial statements for the year ended 2014 and 2015

Cash Dividends 2015 - $15,000

Net Income for the year ended 2015 - 130,000

Market Price of stock, 12/31/15 - 24

Common stockholders equity 12/31/14 - 2,200,000

Common stockholders equity 12/31/15- 2,400,000

Outstanding shares 12/31/15 - 150,000

Preferred dividends for the year ending 2015 - 30,000

What is the payout ratio for Turner Corporation for hte year ended 2015?

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