While eating his Kelloggs Frosted Flakes one January morning, Tony noticed the following article in his local

Question:

While eating his Kellogg’s Frosted Flakes one January morning, Tony noticed the following article in his local paper:

Kellogg Company Reports Fourth-Quarter 2017 Results and Provides Guidance For 2018 (in part)

BATTLE CREEK, Mich., Feb. 8, 2018 /PRNewswire/—Kellogg Company (NYSE: K) Reported full-year 2017 net earnings $1,269 million, or $3.62 per share.

As a shareholder, Tony is well aware that Kellogg pays a regular cash dividend of $0.54 per share quarterly. A quick click on a price quote service indicated that Kellogg’s shares closed at $67.98 on December 31.

Required:

1. Using the numbers provided, determine the price-earnings ratio for Kellogg Company for 2017.

2. What is the dividend payout ratio for Kellogg?

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...

Fantastic news! We've Found the answer you've been seeking!