In 2002, Hershey Foods Corporation paid dividends of $1 26 per share to its common stockholders (excluding its Class B Common Stock) The market price of Hersheys common stock on December 31, 2002, was $67 44 a Determine Hersheys dividend yield on its common stock as of December 31, 2002 b What conc...

a 19 126 6744 b Hersheys dividend yield ...

In 2002, Hershey Foods Corporation paid dividends of $1.26 per share to its common stockholders (excluding its

Question:

In 2002, Hershey Foods paid dividends of $1.26 per share to its common stockholders (excluding its Class B Common Stock). The market price of Hershey’s on December 31, 2002, was $67.44.
a. Determine Hershey’s yield on its as of December 31, 2002.
b. What conclusions can you draw from an analysis of Hershey’s yield?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...