CorpCo gathered the following information as of the end of the current fiscal year:Dividends on common stockMarket price per share of common stockShares of common stock outstandingDividends on preferred stockShares of preferred stock outstandingEarnings per share on common stockDividends per share of common stockNet income$125,000$115.005,000$65,000600$102.00$25.00$575,000What is CorpCo's dividend yield? Enter your answer as a percent, rounded to one decimal place.96

Solution... Dividend per share = $25 Market price per share = $115 Dividend yield= ?

Answered: CorpCo gathered the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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On June 30, Setzer Corporation had a market price of $100 per share of common stock. For the previous year, Setzer paid an annual dividend of $4.00. Compute the dividend yield for Setzer Corporation.
A company reports basic earnings per share of $5.40, cash dividends per share of $2.20, and a market price per share of $65.70. The company's dividend yield equals: 8.07%. 3.35%. 12.39%. 3.21%. 3.11%.
Song Corp's stock price at the end of last year was $28.75 and its earnings per share for the year were $1.30. What was its P/E ratio? a. 27.64 b. 22.12 c. 17.69 d. 23.00 e. 18.80
At the market close on May 12 of a recent year, McDonald’s Corporation had a closing stock price of $129.51. In addition, McDonald’s Corporation had a dividend per share of $3.56 during the previous year.Determine McDonald’s Corporation’s dividend yield. Round to one decimal place.
Calculating key stock performance metrics The Castle Company recently reported net profits after taxes of $11.4 million. It has 3.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company's stock currently trades at $60 per share. Compute the stock's earnings per share (EPS). Round the answer to two decimal places.$ per share What's the stock's P/E ratio? Round the answer to two decimal places.$ times Determine what the stock's dividend yield would be if it paid $2.82 per share to common stockholders. Round the answer to two decimal places. %
Five Measures of Solvency or Profitability The balance sheet for Bearing Industries Inc. at the end of the current fiscal year indicated the following: Bonds payable, 7% $1,400,000 320,000 Preferred $5 stock, $100 par Common stock, $12 par 600,000 Income before income tax was $254,800, and income taxes were $38,800, for the current year. Cash dividends paid on common stock during the current year totaled $30,000. The common stock was selling for $40 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield $ $ times %
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Dividend Yield On June 30, Rae Corporation had a market price of $16 per share of common stock. For the previous year, Rae paid an annual dividend of $0.96. Compute the dividend yield for Rae Corporation. If necessary, round your answer to two decimal places.
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, $25 par value (no change during the year) $6,750,000 Preferred $4 stock, $200 par (no change during the year) 8,000,000 The net income was $862,000 and the declared dividends on the common stock were $67,500 for the current year. The market price of the common stock is $22.10 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 %
A company reports the following: Net income Preferred dividends Average stockholders' equity $190,000 7,600 1,532,258 848,372 Average common stockholders' equity Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. If required, round your answers to one decimal place. a. Return on Stockholders' Equity b. Return on Common Stockholders' Equity % %

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