A company’s share capital consists of 2,800,000 ordinary shares of 25 pence each. During its last financial year the company paid a dividend of 8 pence per share. The market price of the shares is currently £1.75. Calculate the dividend yield correct to one decimal place.

A company’s share capital consists of 2,800,000 ordinary shares of 25 pence each. During its last financial year the company paid a dividend of 8 pence per share. The market price of the shares is currently £1.75. Calculate the dividend yield correct to one decimal place.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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