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Sunland Corporation had net income of $2100000 and paid dividends to common stockholders of $510000 in 2021. The weighted average number of shares outstanding in 2021 was 421000 shares. Sunland Corporation's common stock is selling for $29 per share on the NASDAQ. Sunland Corporation's payout ratio for 2021 is

Respuesta :

The payout ratio of Sunland Corporation's for 2021 given the dividends paid and the net income is 0.24.

What is the payout ratio?

The payout ratio is the ratio of the dividends paid out to shareholders as a function of the net income of the company. It is the ratio of the dividend to net income.

Payout ratio = dividend / net income

Payout ratio = $510,000 / $2,100,000 = 0.24

To learn more about payout ratio, please check: https://brainly.com/question/16988061

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