The dividend-payout ratio is equal to __________.

dividends per share divided by current price per share.

dividends per share divided by par value per share

dividends per share divided by earnings per share

the dividend yield plus the capital gains yield

The dividend-payout ratio is equal to dividends per share divided by earnings per share.

Dividend payout ratio is a proportion of dividend per share and earning per share.

It signifies that how much is the dividend paid to the shareholders against the earning per share.