A company, NovaTech Ltd., paid $3.10 in cash dividends per share. Its earnings per share (EPS) is $2.20, and its market price pershare is $44.75. What is its dividend yield?
A company, NovaTech Ltd., paid $3.10 in cash dividends per share. Its earnings per share (EPS) is $2.20, and its market price pershare is $44.75. What is its dividend yield?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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
Transcribed Image Text:A company, NovaTech Ltd., paid $3.10 in cash dividends per
share. Its earnings per share (EPS) is $2.20, and its market price
pershare is $44.75. What is its dividend yield?
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