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Bonita Corporation had net income of $1,950,000 and paid dividends to common stockholders of $323,700...

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Accounting

Bonita Corporation had net income of $1,950,000 and paid dividends to common stockholders of $323,700 in 2017. The weighted average number of shares outstanding in 2017 was 500,000 shares. Bonita Corporation's common stock is selling for $45 per share on the NASDAQ. Bonita Corporation's payout ratio for 2017 is?

  • A. $3.9 per share.

  • B. 13.6%.

  • C. 16.6%.

  • D. 9.7%.

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