Cash Cow International pays a regular quarterly dividend of $0.075 a share.

Required:

a. Match each of the following dates to the correct term.

May 7

June 6

June 7

June 8

July 2

b. On one of these dates the stock price is likely to fall by about the amount of the dividend. Which date?

c. The stock price in early January was $27. What was the prospective dividend yield?

d. The annual earnings per share were forecast at around $1.90. What was the percentage payout ratio?

The stock price in early January was $27. What was the prospective dividend yield?

d. The annual earnings per share were forecast at around $1.90. What was the percentage payout ratio?

(For all the requirements, do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)