Rogers has just completed their financial statements for the year ended 30 June 20X6. They are reporting a net profit of $1,250,000 for the current year, and they have $1 million 50 cent shares in issue. The current market price of Rogers' shares is $3.50. Rogers has paid total dividends during the year ended 30 June 20X6 of $1,500,000.       What is the dividend yield (to one decimal place) for the year ended 30 June 20X6?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Rogers has just completed their financial statements for the year ended 30 June 20X6. They are reporting a net profit of $1,250,000 for the current year, and they have $1 million 50 cent shares in issue. The current market price of Rogers' shares is $3.50. Rogers has paid total dividends during the year ended 30 June 20X6 of $1,500,000. 

 

 

 What is the dividend yield (to one decimal place) for the year ended 30 June 20X6?

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