Excerpts from Stys Corporation's Most Recent Balance Sheet and Income

Multiple Choice

Excerpts from Stys Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $50 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $8.20 per share.
-The dividend payout ratio for Year 2 is closest to:

A) 60.0%
B) 1000.0%
C) 45.5%
D) 50.0%