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Cullumber Corporation had the following information in its financial statements for the year ended 2025...

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Accounting

Cullumber Corporation had the following information in its financial statements for the year ended 2025 and 2026 :
Common cash dividends for the year 2026$21400
Net income for the year 2026
130000
Market price of stock, 12/31/26
24
Common stockholders' equity, 12/31/252210000
Common stockholders' equity, 12/31/262660000
Outstanding shares, 1231?26
151800
Preferred dividends for the year 2026
30300
What is the payout ratio for Cullumber Corporation for the year ended 1231?2026?
16.5%
21.5%
23.0%
39.5%
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