Dividend payout ratio simpson energy earned 23 million in, Ask an Expert

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(Dividend payout ratio) Simpson Energy earned $2.3 million in net income last year and for the first time ever paid its common stockholders a cash dividend of $0.13 per share. The firm has 9.6 million shares outstanding. What was Simpson's dividend payout ratio? Simpson's dividend payout ratio was %. (Round to two decimal places.)

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