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XYZ company has the following: -Stock market price, December 31, 2018: $80 -Common stock ($5 par): $3,000,000 -Net Income for year 2018: $1,700,000 -Retained Earnings

XYZ company has the following:

-Stock market price, December 31, 2018: $80

-Common stock ($5 par): $3,000,000

-Net Income for year 2018: $1,700,000

-Retained Earnings January 1, 2018:$1,900,000

If on December 31, 2018, the company wants to pay the maximum amount it can in dividends to its shareholders, what is the dividend yield ratio

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