Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(a) Calculate the (1) payout, (2) dividend yield, (3) basic earnings per share, and (4) return on common shareholders equity ratios for the common shareholders

image text in transcribed

(a) Calculate the (1) payout, (2) dividend yield, (3) basic earnings per share, and (4) return on common shareholders equity ratios for the common shareholders for 2015 and 2014.image text in transcribed

Selected financial information (in millions, except per-share information) is available for CIBC at October 31: 2015 2014 2013 $1,523 $1,567 $3.94 $3.81 Dividends declared and paid to common shareholders Dividends declared per common share Income available to common shareholders (equals net income) Common shareholders' equity Market price per common share Weighted average number of common shares $1,708 $4.30 $3,531 $20,360 $100.28 $3,131 $17,588 $102.89 $3,253 $16,546 $88.70 397 398 401 2015 2014 (1) Payout ratio % % (2) Dividend yield % % (3) Basic earnings per share $ (4) Return on common shareholders' equity % %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Church Growth Handbook Includes Complete Ministry Audit

Authors: William M. Easum

1st Edition

0687081610, 978-0687081615

More Books

Students also viewed these Accounting questions

Question

a. What is the value of the parameter ?

Answered: 1 week ago