The Castle Company recently reported net profits after taxes of $14 million. It has 2 million...
The Castle Company recently reported net profits after taxes of $14 million. It has 2 million shares of common stock outstanding and pays preferred dividends of $2 million a year. The company's stock currently trades at $159 per share.
A.- Compute the stock's earnings per share (EPS). Round
the answer to two decimal places.
$ ______ per share
B.- What's the stock's P/E ratio? Round the answer to
two decimal places.
$ _______ times
C.- Determine what the stock's dividend yield would be if it
paid $9.38 per share to common stockholders. Round the
answer to two decimal places.
_________%
If you could please show how you worked out the problem. Thank you.
Homework Answers
A. EPS =Profit After Taxes/Number of Shares =14/2 =7
B. P/E Ratio =Price per Share/EPS =159/7 =22.71
C.Dividend Yield =Dividend/Price =9.38/159 =5.90%
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