Question
A company's revenues are $421 million. Operating margin is 41%, net margin is 21.7% and dividend payout ratio is 9%. Market capitalization is $612 million.
A company's revenues are $421 million. Operating margin is 41%, net margin is 21.7% and dividend payout ratio is 9%. Market capitalization is $612 million. The company has 20 million shares outstanding. Calculate the dividend yield.
a. 5.9% b. 2.9% c. 1.3% d. 2.3% e. 4.8%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Personal Finance
Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes
1st Edition
0078698006, 9780078698002
