Quasar Corporation Had Net Income of $210000 and Paid Dividends

Multiple Choice

Quasar Corporation had net income of $210000 and paid dividends to common stockholders of $63000 in 2017. The weighted average number of shares outstanding in 2017 was 50000 shares. Quasar Corporation's common stock is selling for $30 per share on the New York Stock Exchange. Quasar Corporation's payout ratio for 2017 is

A) 24%.
B) 30%.
C) 26%.
D) $3.33 per share.