Dividend Date st with Dividend Dat claration Date

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
PT Lidya paid regular dividend quarterly $0.83/share and these dates are in random order
activity, not in subsequent
a. Match the following dates with correct activity
Dates
July 25
August 11
August 12
August 14
September 2
Activity (not in order)
Record Date
Payment Date
Ex-Dividend Date
Last with Dividend Date
Declaration Date
b. On one of the dates, the stock price fell by about $0.83 which date? Why?
c. Stock price in August was about $ 71, what was the dividend yield?
d. Lidya's forecasted earnings per share were about $5.90, What was the payout ratio?
e. Suppose Lidya paid a 10% stock dividend. What would happen to the stock price?
Transcribed Image Text:PT Lidya paid regular dividend quarterly $0.83/share and these dates are in random order activity, not in subsequent a. Match the following dates with correct activity Dates July 25 August 11 August 12 August 14 September 2 Activity (not in order) Record Date Payment Date Ex-Dividend Date Last with Dividend Date Declaration Date b. On one of the dates, the stock price fell by about $0.83 which date? Why? c. Stock price in August was about $ 71, what was the dividend yield? d. Lidya's forecasted earnings per share were about $5.90, What was the payout ratio? e. Suppose Lidya paid a 10% stock dividend. What would happen to the stock price?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Dividends
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education