Bluecrest Motors stock is selling for $95.50 per share at year-end. This year it paid shareholders a $6.20 per share cash dividend. The company also reported earnings per share of $10.40, and had 1,200,000 common shares outstanding at year-end. Calculate Bluecrest Motors' dividend yield.

Bluecrest Motors stock is selling for $95.50 per share at year-end. This year it paid shareholders a $6.20 per share cash dividend. The company also reported earnings per share of $10.40, and had 1,200,000 common shares outstanding at year-end. Calculate Bluecrest Motors' 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

I need help with this financial accounting question using the proper accounting approach.

Bluecrest Motors stock is selling for $95.50 per share
at year-end. This year it paid shareholders a $6.20
per share cash dividend. The company also reported
earnings per share of $10.40, and had 1,200,000
common shares outstanding at year-end.
Calculate Bluecrest Motors' dividend yield.

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