Recently, TransCanada Corporation paid cash dividends of $0.501 per share when the market price of the companys
Question:
Recently, TransCanada Corporation paid cash dividends of $0.501 per share when the market price of the company’s shares was $61.04 per share. What was the dividend yield on TransCanada’s shares? What does dividend yield measure?
Step by Step Answer:
Dividend yield is a financial ratio that measures the amount of cash dividends paid by a co...View the full answer
Horngrens Accounting
ISBN: 9780135359785
11th Canadian Edition Volume 2
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
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Constant Growth Dividend Discount Model – This dividend discount model assumes dividends grow at a fixed percentage. They are not variable and are consistent throughout. Variable Growth Dividend Discount Model or Non-Constant Growth model
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