In 2009 J. M. Smucker paid a regular quarterly dividend of $.35 a share. a. Match each
Question:
In 2009 J. M. Smucker paid a regular quarterly dividend of $.35 a share.
a. Match each of the following sets of dates:
(A1) 17 July 2009 (B1) Record date
(A2) 11 August 2009 (B2) Payment date
(A3) 12 August 2009 (B3) Ex-dividend date
(A4) 14 August 2009 (B4) Last with-dividend date
(A5) 1 September 2009 (B5) Declaration date
b. On one of these dates the stock price is likely to fall by about the value of the dividend.
Which date? Why?
c. Smucker’s stock price in August 2009 was $52. What was the dividend yield?
d. If earnings per share for 2009 are $4.56, what is the percentage payout rate?
e. Suppose that in 2009 the company paid a 10% stock dividend. What would be the expected fall in price?
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