4G+2:52 PM ě0.1KB/s ll7800:39:06 RemainingThe following are selected data takenfrom the records of ABC Company:Income before taxP200,00040%Income tax rateDividend payout ratio0.80Number of common sharesoutstanding 10,000 sharesHow much dividend per share waspaid by the company during theyear?P9.60O P6.40O P16O P1520 of 20Submit

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How much dividend per share was paid by the company during the year?

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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Concept explainers

Stock Yields

The stock yield is otherwise known as the dividend yield. The dividend yield is an annual payment of the stock dividends to the holder of a firm’s stock. The dividend yield is a financial ratio to measure the value of dividend payout every year for the relative stock price. The yield of a stock is usually shown in a percentage that discloses the expected future earnings from stock depending on the current stock price in the future. Stock yield will change depending on the market fluctuations and in accordance with the market fluctuations, the dividends will be increased or decreased by the firm.

Question

4G+
2:52 PM ě
0.1KB/s ll
78
00:39:06 Remaining
The following are selected data taken
from the records of ABC Company:
Income before tax
P200,000
40%
Income tax rate
Dividend payout ratio
0.80
Number of common shares
outstanding 10,000 shares
How much dividend per share was
paid by the company during the
year?
P9.60
O P6.40
O P16
O P15
20 of 20
Submit

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