Blue Horizon Inc. has a stock selling for $92.50 per share at year-end. This year, the company paid shareholders a $6.50 per share cash dividend, reported earnings per share (EPS) of $10, and had 900,000 common shares outstanding at year-end. What is Blue Horizon Inc.'s dividend yield?

Blue Horizon Inc. has a stock selling for $92.50 per share at year-end. This year, the company paid shareholders a $6.50 per share cash dividend, reported earnings per share (EPS) of $10, and had 900,000 common shares outstanding at year-end. What is Blue Horizon Inc.'s dividend yield?

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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Question

Need help with this financial accounting question

Blue Horizon Inc. has a stock selling for $92.50 per share at year-end. This
year, the company paid shareholders a $6.50 per share cash dividend,
reported earnings per share (EPS) of $10, and had 900,000 common shares
outstanding at year-end.
What is Blue Horizon Inc.'s dividend yield?

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