charleston industrial revised its dividend policy


Charleston Industrial revised its dividend policy and decided that it wants to maintain a retained earnings account of $1 million. The company''s retained earnings account at the end of 2008 was $750,000, and its earnings available to common stockholders of $800,000 in 2009. What is Charleston Industrial''s dividend payout ratio for 2009?

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Finance Basics: charleston industrial revised its dividend policy
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