Consider the following information taken from the stockholders' equity section: Additional Information (all numbers in thousands other

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Consider the following information taken from the stockholders' equity section:

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Additional Information (all numbers in thousands other
than per-share information): _____________________________________ 2020
Weighted average common shares outstanding ............................... 184,000
Price per share at year end ........................................................ $105.45
Net income ..................................................................... $1,358,950
Preferred dividends .............................................................. $100,000
Common dividends .............................................................. $213,440
Common dividends per share ....................................................... $1.16
Stock repurchases ................................................................ $834,975
Required:
1. Calculate the following for 2020.
Stockholder Payout __________________ Stockholder Profitability
Dividend yield .................................... Return on common equity
Dividend payout .................................. EPS
Total payout
Stock repurchase payout
2. Assume 2019 ratios were:
Stockholder Payout ___________________ Stockholder Profitability
Dividend yield: 0.85% ........................... Return on common equity: 34.26%
Dividend payout: 9.80% ......................... EPS: $3.51
Total payout: 70.00%
Stock repurchase payout: 60.20%
and the current year industry averages are:
Stockholder Payout ____________________ Stockholder Profitability
Dividend yield: 0.76% ............................ Return on common equity: 23.81%
Dividend payout: 12.35% ........................ EPS: $1.23
Total payout: 48.37%
Stock repurchase payout: 36.02%
How do you interpret the company's payout and profitability performance?
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