What is the payout ratio for layne corporation

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Question - Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015:

Cash dividends for the year 2015

$10,000

Net income for the year ended 2015

83,000

Market price of stock, 12/31/14

10

Market price of stock, 12/31/15

12

Common stockholders' equity, 12/31/14

1,600,000

Common stockholders' equity, 12/31/15

1,980,000

Outstanding shares, 12/31/15

180,000

Preferred dividends for the year ended 2015

15,000

What is the payout ratio for Layne Corporation for the year ended 2015?

Reference no: EM132060063

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