Crestwood Industries reported a net income of $9,500,000 last year. The common stock dividend was $10.5 per share, and the preferred stock dividend was $3.2 per share. The company had 500,000 shares of common stock and 250,000 shares of preferred stock outstanding. What is the dividend payout ratio for Crestwood Industries?

Crestwood Industries reported a net income of $9,500,000 last year. The common stock dividend was $10.5 per share, and the preferred stock dividend was $3.2 per share. The company had 500,000 shares of common stock and 250,000 shares of preferred stock outstanding. What is the dividend payout ratio for Crestwood Industries?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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