Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements...
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, $30 par value (no change during the year) | $5,400,000 |
| Preferred $4 stock, $100 par (no change during the year) | 2,000,000 |
The net income was $476,000 and the declared dividends on the common stock were $45,000 for the current year. The market price of the common stock is $18.70 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 | % |
Homework Answers
| a | Earning per share= | Net Income/Weighted average no. share | 476000/1800000 | $0.26 | |
| b | Price earning ratio= | Price/EPS | 18.70/0.26 | 70.71 | Times |
| c | Dividend per share= | Dividend/No. of share | 45000/1800000 | $0.03 | |
| d | Dividend Yield= | Annual dividend per share/current stock price | 0.03/18.70*100 | 0.13% | |
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