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 |
Homework Answers
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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What is the dividend yield for Company?
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