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(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
(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.
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
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