The following information pertains to Milo Mindbender Corporation: Net income $123,000 Dividends per common share $2.00 Common shares 12,000 Purchases of treasury stock $85,000 Common share price $20 Required: Calculate the dividend yield, dividend payout, and total payout. (Note: Round answers to two decimal places.) Dividend yield fill in the blank 1 % Dividend payout fill in the blank 2 % Total payout fill in the blank 3 %

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 38CE: Stockholder Payout Ratios The following information pertains to Milo Mindbender Corporation:...
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Stockholder Payout Ratios

The following information pertains to Milo Mindbender Corporation:

Net income $123,000
Dividends per common share $2.00
Common shares 12,000
Purchases of treasury stock $85,000
Common share price $20

Required:

Calculate the dividend yield, dividend payout, and total payout. (Note: Round answers to two decimal places.)

Dividend yield fill in the blank 1 %
Dividend payout fill in the blank 2 %
Total payout fill in the blank 3 %
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