Hill Country Pools, Inc., had after-tax earnings of $750,000 and paid out dividends of $325,000. There are 275,000 shares of Hill Country Pools common stock outstanding with a current market value of $27 a share and no preferred stock. What is the dividend payout ratio for this company?
A) 85 percent
B) 43 percent
C) 37 percent
D) 10 percent