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Building Society's Dividend. The following table shows the market share price for a British building society. Since its launch in September 2004, the management intends

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Building Society's Dividend. The following table shows the market share price for a British building society. Since its launch in September 2004, the management intends to pay a fixed annual dividend of GBP 0.52 per share. How would this constant dividend per year have changed the building society's return to its shareholders over this period? (Click on the icon to import the table into a spreadsheet) Date 04-Sep 05-Sep 06-Sep 07-Sep 08-Sep 09-Sep Share Price GBP 202 GBP 210 GBP 217 GBP 197 GBP 145 GBP 190 ... Calculate the shareholder return with and without dividend for each period below: (Round to two decimal places) Price Dividend Return Return Date (GBP) (GBP) (% without) (% with) 202 Sep-04 Sep-05 Sep-06 210 0.52 217 0.52 Sep-07 197 0.52 Sep-08 145 0.52 Sep-09 190 0.52 Average

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