Symons Corporation Has Provided the Following Financial Data: Dividends

Multiple Choice

Symons Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,500. The market price of common stock at the end of Year 2 was $2.01 per share.The company's dividend payout ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

A) 26.3%
B) 2.5%
C) 18.4%
D) 1.0%