Question

What is the dividend yield for Company? Shares of Common stock 540,000 Shares of Preferred stock...

What is the dividend yield for Company?

Shares of Common stock 540,000

Shares of Preferred stock 112,000

Common Stock Dividends $2,197,800

Preferred Stock Dividends $1,680,000

Market Price share of common stock $11

0.28

0.37

1.36

1.78

0 0
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Answer #1

Dividend per share of common stock

= 2,197,800/540,000 = 4.07 per share

Dividend yield = Dividend per share/market price per share

= 4.07/11

= 0.37

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