I am trying to figure out Dividend as a percent of income. I know net income of 2,780,000,000.00, number of shares 44,000,000.00, number of times the dividend is awarded per year twice (2), Dividend per share of $0.274. I have a formula d=p*i/n*s, where d is the value of the dividend given out n times per year, p is the proportion of the net income, I is the annual net income of the company, and s is the number of outstanding shares. I have tried this every way but keep coming up with less than one percent for an answer.

I am trying to figure out Dividend as a percent of income. I know net income of 2,780,000,000.00, number of shares 44,000,000.00, number of times the dividend is awarded per year twice (2), Dividend per share of $0.274. I have a formula d=p*i/n*s, where d is the value of the dividend given out n times per year, p is the proportion of the net income, I is the annual net income of the company, and s is the number of outstanding shares. I have tried this every way but keep coming up with less than one percent for an answer.

Try it this way
44,000,000,000 x 0.274 = 12,056,000,000
12,056,000,000/2,780,000,000 = .0433669 or 4.33%


If paid twice a year the percentage is 8.663%

You were looking to find p in your formula i.e.

120056000000 * 2 = .08663 x 2780000000000/44000000000 * 2