Swift Tech Inc.'s stock is currently selling for $95.20 per share at year-end. This year, the company paid shareholders a $7.50 per share cash dividend. It also reported earnings per share of $12.40 and had 820,000 common shares outstanding at year-end. Calculate the company's dividend yield.

Swift Tech Inc.'s stock is currently selling for $95.20 per share at year-end. This year, the company paid shareholders a $7.50 per share cash dividend. It also reported earnings per share of $12.40 and had 820,000 common shares outstanding at year-end. Calculate the company's dividend yield.

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 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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General Accounting Question solution provide please

Swift Tech Inc.'s stock is currently selling for $95.20 per share
at year-end. This year, the company paid shareholders a
$7.50 per share cash dividend. It also reported earnings per
share of $12.40 and had 820,000 common shares outstanding
at year-end. Calculate the company's dividend yield.

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