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Gnomes R Us just paid a dividend of $3.22 per share. The company has a dividend payout ratio of 64 percent. If the PE ratio is 18.2 times, what is the stock price? Problem related general Accounting

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 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Gnomes R Us just paid a dividend of $3.22 per share. The company has a dividend payout ratio of 64 percent. If the PE ratio is 18.2 times, what is the stock price? Problem related general Accounting

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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Gnomes R Us just paid a dividend of $3.22 per share. The company has a dividend payout ratio of 64 percent. If the PE ratio is 18.2 times, what is the stock price? General Account 1
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