Asked by
Alexander Gonzalez
on Oct 27, 2024
Verified
Main Street Company paid out $2.30 in dividends per share of common stock and had earnings per share of $5.00 during 2019.The market price of the stock on December 31,2019 was $21.00 per share.There were 15,000 shares of stock outstanding for the entire year.The dividend yield as of December 31,2019 is closest to:
A) 16.43%
B) 10.95%
C) 9.13%
D) 46.00%
Dividend Yield
A fiscal metric indicating the annual dividend payout by a company compared to its share price.
Dividends Per Share
A measure of the dividend payment per share of stock issued, calculated by dividing the total dividends paid by the company by the number of outstanding shares.
- Comprehend and determine different financial indicators including price/earnings ratio, quality of income ratio, quick ratio, current ratio, cash coverage ratio, and dividend yield ratio.
Verified Answer
MH
Learning Objectives
- Comprehend and determine different financial indicators including price/earnings ratio, quality of income ratio, quick ratio, current ratio, cash coverage ratio, and dividend yield ratio.