Earnings per Share, Price-Earnings Ratio, Dividend Yield
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year:
Common stock, $45 par value (no change during the year) | $7,200,000 |
Preferred $10 stock, $200 par (no change during the year) | 4,000,000 |
The net income was $552,000 and the declared dividends on the common stock were $40,000 for the current year. The market price of the common stock is $15.40 per share.
For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places.
a. Earnings per Share | $ | |
b. Price-Earnings Ratio | ||
c. Dividends per Share | $ | |
d. Dividend Yield | % |
a) Earning per share = (Net income-Preferred dividend)/Share outstanding = (552000-200000)/160000 = 2.2 per share
b) Price earning ratio = MPS/EPS = 15.40/2.2 = 7 Times
c) Dividend per share = 40000/160000 = 0.25 per share
d) Dividend yield = DPS/MPS = 0.25/15.40 = 1.62%
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