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Dividend Yield Evans & Sons, Inc., disclosed the following information in a recent annual report: 2018 2019 Net Income $35,000 $48,000 Preferred stock dividends 3,000
Dividend Yield Evans & Sons, Inc., disclosed the following information in a recent annual report:
2018 | 2019 | ||||
---|---|---|---|---|---|
Net Income | $35,000 | $48,000 | |||
Preferred stock dividends | 3,000 | 3,000 | |||
Average common stockholders' equity | 1,000,000 | 1,500,000 | |||
Dividend per common share | 1.90 | 2.00 | |||
Earnings per share | 2.85 | 3.02 | |||
Market price per common share, year-end | 19.00 | 21.00 |
Calculate the dividend yield for Evans & Sons for 2018 and 2019.
Round answers to one decimal place. (Ex. 0.2345 = 23.5%) 2018 Answer
% 2019 Answer
%
Note 3.2 and 3 are wrong.
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